t en e Ev id gu The 16th Annual Global Export Finance Conference 8th & 9th September, 2015 • Hotel Arts, Barcelona, Spain Featuring: African Export Finance Briefing Day – 7th September Separately bookable www.euromoneyseminars.com/GEF15 2 0 1 5 SP ONSOR S Camp Nou Cocktail Reception Sponsor Platinum Sponsors Icebreaker Reception Sponsor Silver Sponsors In Association W ith w: www.euromoneyseminars.com/GEF15 Bronze Sponsors ECA Partners e: [email protected] t: +44 (0) 20 7779 7222 #GEF15 Dear colleague, I am delighted to send you the event programme for the 16th Annual Global Export Finance Conference, the largest and most influential gathering of export finance professionals worldwide. GEF 2015 has undergone a significant evolution; this year it’s all about you! I've taken your feedback on board, and am excited to introduce a new blueprint for the main conference agenda. In addition to the cutting edge panels and presentations which are a legacy of the Global Export Finance Conference, we are introducing a variety of new plenary sessions, thematic panels, innovative session formats and breakout sessions that will enable you to design your own agenda and interact with the debates. Over 600 delegates attend GEF every year and I know how important networking is to you. This year we are inviting all delegates to our Camp Nou drinks reception and tour of the stadium, which will be an ideal location to meet and network with new clients and business contacts. I, along with the rest of the team, look forward to welcoming you to the Hotel Arts in Barcelona this September! Best regards, Tom Preselo, Head of Trade, Commodity & Export Finance Events MEET CLIENTS AND COLLEAGUES THROUGHOUT THE CONFERENCE It has never been easier for you to meet and network with new clients and business contacts during the event. • Icebreaker cocktail reception - on the eve of the conference relax and catch up over a drink at the Hotel Arts • Importers and exporters attend for free - we have reserved a limited number of complimentary passes for importers and exporters. Check if you qualify and apply for one of these passes by emailing [email protected] • Camp Nou drinks reception - take a tour of the most exclusive behind the scenes areas, then join your peers for refreshments and networking • Improved business lounge - meet with business partners over coffee in the informal and relaxed environment of our business lounge A NEW BLUEPRINT FOR THE MAIN PROGRAMME, WITH CUTTING EDGE CONTENT AND EXCITING NEW SESSION FORMATS Think tanks Gather with thought leaders to engage in open dialogue and debate, and discuss frameworks for market development Themed champagne round-tables Led by an expert moderator, these round-table discussions will create an informal environment where you can learn about and debate sectorial and regional issues over a glass of champagne Technical briefs These small group sessions will arm you with the practical expertise and knowledge to succeed in the market and mitigate risk Live audience voting Have your say and benchmark your views throughout the conference More presentations Gain in-depth knowledge on key topics during our focused, expert-led presentations WHO WILL YOU MEET? In 2014, over 600 delegates representing 263 companies attended from 46 countries worldwide ATTENDEE BREAKDOWN Company type Finance Manager/Export Finance Manager/Risk Manager Director/Partner/Vice President/Deputy Head Job title Importers and exporters – 28% Other – 12% Other 5% Banks – 46% Who should attend? ECAs – 14% 51% 27% 12% 5% Senior Advisor/Senior Analyst/Senior Associate Chairman/President/CEO CFO/ Global Head Borrowers Export Credit Agencies Exporters Private risk insurers Boutique investment firms Development finance institutions Law firms International banks Domestic and regional banks Institutional investors and pension funds Multilaterals Consultancies Technology providers BRIEFING DAY: AFRICAN EXPORT FINANCE Monday 7th September, 2015 “I am pleased to introduce the agenda for the separately bookable African Export Finance Briefing Day, which has become a benchmark for identifying and unlocking the hottest regions and frontiers for the market. The day will enable key African borrowers, ECAs, regional banks and SMEs to meet leading international export finance professionals looking to do business in the continent. Held in an open round table format to encourage debate and discussion, the briefing day will focus on the most interesting regions, sectors and themes in this exciting continent.” Tom Preselo, Head of Trade, Commodity & Export Finance Events 08.00 Registration and refreshments 10.00 Reviewing the track record of ECA finance in the region: Are ECAs, DFIs and multilaterals equipped to support deals in Africa? 08.45 Chairperson's opening remarks 09.00 Analysing the credit, debt and growth story in Africa so far: To what extent will Africa’s debt relief programme affect the provision of export finance and growth in the region? GDP forecasts: Identifying growth sectors and countries Is there any flexibility around the IMF Sustainable Lending limits that could benefit African infrastructure development? Delivering sustainable finance in Africa: How are commercial banks, DFIs and multilaterals working together to achieve this? Goolam Ballim, Group Chief Economist, Standard Bank 09.30 Assessing the impact of depressed and cyclical commodity prices on projects in the continent How are African countries dealing with the decline in commodity prices and the resultant decline in fiscal revenue? Implications of depressed prices and depreciating currency on the resources sector and capex programmes How will the cyclical downturn in commodity prices affect the growth rates of resource rich African countries and the implications of this in the longer term? Goolam Ballim, Group Chief Economist, Standard Bank Platinum Sponsor: Bronze Sponsors: Understanding regional polices for criteria cover, country and content requirements Dealing with African ceilings: Forming a framework for co-insurance, private insurance and cooperation to supply long term credit to African projects How can greater collaboration be fostered between multilaterals, ECAs and DFIs? Stephen Wilhelm, Regional Vice President – Europe, Middle-East and Africa International Business Development, EDC Henrique de Azevedo Acila, Head of Department, Africa, BNDES Beatriz Reguero, Chief Operating Officer, CESCE Dr. Emmanuel Moore Abolo, Chief Risk & Compliance Officer, Nexim Bank David Ludlow, Head of International Business Development Division, UK Export Finance Morten Sørensen, Senior Director, Head of Large Corporates, EKF Uju Okafor, Manager, Specialised Finance, African Export-Import Bank Simon Lee, Director, Europe & Sub-Saharan Africa, Export Credit and Global Specialised Finance, HSBC 11.00 Morning refreshments and networking 11.30 Unlocking commercial bank appetite and local currency finance in the region: Do co-lending and local partnerships hold the key for this, and is there support from ECAs? What are the sources of debt and mezzanine finance for African risk and are the margins attractive enough for banks? What can be implemented to open up access to finance for SMEs, non-state owned entities and smaller projects? Understanding the rationale behind bank to bank lending: Is this a viable model? Is there appetite for local currency financing amongst banks and ECAs? Kai Preugschat, Secretary General, Berne Union Dr. Hendrik Holdefleiss, Head of Underwriting & Risk Management, Euler Hermes Greg Fyfe, Head – Mining, Energy and Infrastructure Finance SA Investment Banking, Standard Bank Jing Fenglei, London Representative, Sinosure w: www.euromoneyseminars.com/GEF15 e: [email protected] t: +44 (0) 20 7779 7222 #GEF15 12.15 Identifying African trade flows and growth opportunities: To what extent are informal flows driving trade in the region? Breaking down the volumes of formal and informal trade To what extent are multinationals exporting through informal trade routes and using cash transactions? Which major African trade blocs and corridors are emerging? Why is trade within the SADC outstripping trade with Europe? 12.45 What more would borrowers and exporters like to see from banks and ECAs to facilitate trade and mitigate risks? How are borrowers viewing currencies? Is the ECA product fit for purpose? What more would borrowers like to see from banks and ECAs? Matthi Malminen, Director, Trade & Export Finance, Konecranes Nigel Taylor, SVP Customer, Project and Structured Finance, Airbus & EADS Rebecka Lundgren, Country Analyst, EKN 13.30 Lunch 16.30 Afternoon refreshments and networking 17.00 What power initiatives and incremental infrastructure are needed to power Africa? Regional breakdown of South East and West Africa power initiatives What role are US agencies playing in these initiatives? How will projects be powered? Tackling challenges such as lack of transmission in power plants, limited capacity, generation and distribution Rick Angiuoni, Regional Head, Africa, US EXIM Bank 17.30 Monetising oil and gas reserves in Tanzania, Mozambique and Angola: Lessons from different legal and contractual frameworks How will the concession and licensing rounds work? Comparison of legal frameworks for project finance in developed African countries and developing nations Can the framework be applied to Angola and other gas rich countries? Just Garcia, Head of Structured Finance, H Oil 14.45 Financing rail and transport in the region: Structuring a bankable crossborder transaction with different governments What projects are being rolled out? Will it be old or new infrastructure? Will large projects be financed by the government, commercial debt, or PPPs? Analysing PPP models: Are the frameworks and regulation in place? Lessons from rail and road projects in Ethiopia and Nigeria 18.00 Chairperson’s closing remarks followed by Icebreaker drinks reception Sponsored by: Mauricio Toledano, CEO, Eurofinsa Dave Lambert, Executive Director, Flour 15.30 Are the frameworks and processes in place to unlock mega projects in Egypt? What lessons can be taken from the execution of initial projects? How are banks and FIs viewing deals in Egypt in light of political risk and regime change? What terms and tenors will they offer? How have projects progressed since the first round of projects was announced? Do ECAs have capacity for Egyptian deals and how do they externalise risk? Manav Futani, Head of Export Finance, Middle East & Africa, HSBC 16.00 Meeting Africa’s energy demands: How do you structure a deal to attract international debt and developers for IPPs? What renewable energy projects are being rolled out and what lessons can be taken from energy and procurement programmes in the region? Will governments and ECAs underwrite offtake agreements? What are the tariff regimes and how do you structure a limited recourse deal around this? What makes a project bankable? Sébastien Reynaud, Finance Director, Treasury & Financing, Alstom Power Greg Fyfe, Head – Mining, Energy and Infrastructure Finance SA Investment Banking, Standard Bank w: www.euromoneyseminars.com/GEF15 e: [email protected] t: +44 (0) 20 7779 7222 #GEF15 CONFERENCE AGENDA: DAY ONE Tuesday 8th September, 2015 “Day one of the conference will open with a series of plenary sessions that will set the macro and global context for trade and investment, focusing on risks, opportunities and significant changes in global trade. The afternoon will split into three breakouts. As well as the main conference room, where we'll be focusing on more targeted, thematic sessions, you will have the option to learn from the experts in our small group technical briefs, or make your ideas heard in the think tank.” Tom Preselo, Head of Trade, Commodity & Export Finance Events 08.00 Registration and refreshments 11.00 Global export finance community insight poll and market snapshot With all the key industry participants in one place, Trade Finance’s annual poll and market snap shot serves as the industry benchmark not only for the conference, but also the future. 08.45 Chairperson’s opening remarks 09.00 Forecasting macro trends, threats and opportunities in the global economy Does an export-led recovery hold the key to the global recovery? Is there an end in sight to the current debt crisis? What impact is QE and the current interest rate environment having on trade, pricing and liquidity? Which economies will be growing and slowing down in 2016 and beyond? 09.30 A roadmap for 21st century trade: Identifying major shifts in world trade flows, agreements and regulation Analysing sector and regional growth and anticipating future growth opportunities Is the ECA product fit for purpose? Is reputational risk the biggest threat to banks? Is there a level playing field amongst ECAs? Andy Cook, Managing Director, Trade Finance 11.15 Morning refreshments and networking 12.00 Breakdown of regional and global risks: Are ECAs and the private market equipped to deal with them? Insights from the European Commission on EU trade policy and negotiation with non-EU members What major trading blocs and agreements are developing? Exploring WTO plans for trade negotiation, implementation, disputes and outreach with other organisations Are risks being reflected by pricing or is liquidity masking the fault lines? Are ECAs and the private market equipped to manage the density and complexity of global risks? Breakdown between private insurance and ECA coverage globally and forecast for claims in 2016 Christophe Kiener, Deputy Head, WTO coordination, OECD, Export Credits Department, European Commission Rupert Boyle, Partner, JLT Eric De Jonge, Member Advisory Board, Banking Commission, ICC 10.15 What is the best model for banks under current conditions? Originator, underwriter, partner, or all three? Should banks focus on an exporter-led or importer-led relationship? When current pricing is low, does it makes sense to hold on to assets or partner with other banks? Are banks willing to take the risks on offer, or are they refocusing on home markets? What is driving liquidity and pricing? Jonathan Joseph-Horne, Global Coordinator and EMEA Head, Export & Agency Finance Global Trade Finance Department, Sumitomo Mitsui Banking Corporation Peter Luketa, Global Head of Export Credit and Global Specialised Finance, HSBC Octaviano Couttolenc, Global Head of Export Finance, Banco Santander Frédéric Surdon, Global Head of Export Finance, Societe Generale Corporate & Investment Banking Yasser Henda, Global Head of Export Finance, BNP Paribas David Godfrey, CEO, UKEF w: www.euromoneyseminars.com/GEF15 e: [email protected] 12.30 Understanding borrowers’ funding needs from different geographies, sectors and sizes: Price, diversification, execution? Are borrowers having to delay investment decisions due to restrictions and limited access to export finance products? How are borrowers viewing currencies? What more would they like to see from banks and ECAs? Is export finance relevant when liquidity is abundant? Vineyesh Sawhney, General Manager, Reliance Tewolde GebreMariam, CEO, Ethiopian Airlines Christina Christenson, Director Customer Finance Development, Volvo Trucks 13.15 Lunch t: +44 (0) 20 7779 7222 #GEF15 PLENARY SESSIONS TECHNICAL BRIEFS 14.45 Why are ECAs and borrowers looking into Islamic finance and Sukuk structures? What lessons can be taken from UKEF’s first Sukuk guarantee for Emirates? How do you blend ECA finance, Islamic finance and other debt sources? Are there pricing benefits for the borrower and are ECAs demanding a premium? What compliance and legal challenges were encountered? Nigel Taylor, SVP Customer, Project and Structured Finance, Airbus & EADS Manish Manchandya, Head, Corporate Finance, Saudi Electricity Company Phil Lewis, Director, Structured Asset Finance, HSBC Gordon Welsh, Head of Aerospace, UK Export Finance 15.30 Do reinsurance and partnerships amongst ECAs and insurers hold the key to offering innovation and flexibility to the market? Should ECAs be more flexible in terms of content requirements and coverage? What role can reinsurance and partnerships play in boosting flexibility? How are general conditions and policies affecting this trend amongst private and public ECAs? Philipp Rosberg, Chief Operating Officer, Euler Hermes Nuria Gorog, Senior VP & Regional Manager Continental Europe Credit & Political Risk, Zurich Insurance Plc Kanke Masaru, Chief Representative, NEXI Vinco David, Head of International Relations, Development and Marketing, Atradius THINK TANK Led by industry experts in a classroom format, the technical briefs will arm you with the practical expertise and knowledge to succeed in the market. Gain the critical knowledge you need to avoid penalties and fees, and understand conflicts within these fast moving developments. 14.45 Basel III: Understanding the leverage ratio and what this means for export finance How will Basel III treat ECA guarantees in terms of risk weighting? Update on reports from the committee New possible evolutions of Basel III and linked regulations Henri d’Ambrières, CEO, HDA Consei 15.15 Mitigating operational risks: Compliance and sanctions Sanctions: What are the rules for different jurisdictions? Can sanctions be applied retrospectively? Equator principles Nuts and bolts of KYC What do banks need from ECAs to ensure they are aligned on KYC? The think tank will gather thought leaders from each segment of the market to debate and discuss practical and theoretical frameworks for market development within an interactive environment. Gather with your peers and help shape the future of the market. 14.45 Think tank “Aligning stakeholders to develop a framework for capital markets funding for non-core sectors” What is the best strategy for portfolio and book management? Are ECAs equipped to support distribution strategies for banks? How do securitisation structures work? Funding non-core sectors in the capital markets: Will a framework develop? Are the yields and returns on offer for investors? What are investors demanding in terms of structures, returns and frameworks? Carlos Caraveo, Head of Export Finance, Pemex David Godfrey, CEO, UKEF Valentino Gallo, Global Head of Export and Agency Finance, Citi 15.45 Brief on legal and accounting developments Mitigating against fraud and anti-bribery risks: FACTA LMA standards and documentation; disclosure requirements Accounting: IFRSA 16.15 Afternoon refreshments and networking 16.45 Spotlight on Russia and the CIS: Which banks, ECAs and borrowers remain open for business in the region? Which financiers and agencies are supporting deals in the region? How are Russian corporates attracting international debt? Is the market seeing a shift in trade to the CIS? Where are the opportunities? Dmitry Muz, Head of Corporate Finance, Urakali Marko Gucijan, Director, Head of Project & Export Finance, HSBC 17.15 How are ECAs reacting to the rise of the RMB and demand for local currencies? What structures, tenors or alternative instruments are best placed for local currency financing? How are ECAs analysing counterparty and currency risks? Will RMB financing become the new dollar financing? Should the burden of the swap and hedge be on the ECA, bank or borrower? Dr. Hendrik Holdefleiss, Head of Underwriting & Risk Management, Euler Hermes 18:15 Chairperson's closing remarks followed by Camp Nou stadium visit and drinks reception Sponsored by: w: www.euromoneyseminars.com/GEF15 e: [email protected] t: +44 (0) 20 7779 7222 #GEF15 CONFERENCE AGENDA: DAY TWO Wednesday 9th September, 2015 “The second conference day will focus on dynamic sessions, creating a more interactive platform for debate and engagement. Vote on the debates and discuss the sectors and regions that are of interest to you during our champagne round-table discussions.” Tom Preselo, Head of Trade, Commodity & Export Finance Events 08.30 Morning refreshments 10.30 Oxford-style debate The audience will vote for and against the motion to see where they stand on the issue. 09.00 Chairperson’s opening remarks 09.15 How long will the commodities downswing last and what are the consequences for the export finance community? Is the adjustment in commodity prices a positive trend for growth and investment? Forecast for commodity prices Are projects and investments in the oil and gas sector suffering delays? Dr Rebecca Harding, CEO, Delta Economics 09.45 Reflecting on the OECD consensus: What are the achievements and shortfalls? What current OECD arrangements are under the spotlight? Is the market observing the OECD rules? Is there a greater need for transparency? Emergence of Non-OECD ECAs and their programmes: Will a middle-ground emerge? Jang Jing Wook, Manager, K-Sure Jing Fenglei, London Representative, Sinosure Kisang Kim, Chief Representative, Kexim Antero Ranta, Director, Structured Export Finance, ANZ Beatriz Reguero, COO, State Account, CESCE Two teams will then present opening arguments and engage in a debate with a genuine desire to sway the audience. The audience will once again be engaged to see if the debate resulted in a change of opinion. “This house believes that US Exim should not be re-authorised”* Gabriel Buck, Chair, BBA Export Finance Committee Gordon Welsh, Head of Aerospace, UK Export Finance Simon Sayer, Head of Structured Trade & Export Finance, Deutsche Bank Susanne With, Senior Advisor, Corporate Communications, EKN *Subject to change 11.15 Morning refreshments and networking 11.45 Forming a framework for SME financing and finding funding partners What are the greatest challenges: Marketing to SMEs or partnering with banks? What models and products have been successful? Is there a risk return for banks and are there sufficient margins? Maëlia Dufour, Head of International Division, Coface Scott Shepherd, President and Chief Executive Officer, NORTHSTAR Paul Croucher, Head of Trade Finance and Insurance Solutions Group, UK Export Finance Catrin Fransson, CEO, SEK 12.30 Are developed markets the new “frontier”? How do demands, structures and execution differ to emerging market deals? Is export finance becoming more prevalent for developed market borrowers? Experiences in dealing with emerging market borrowers and how they differ to developed market borrowers How are structures and products different to emerging market deals? Andre Gazal, Global Head of Export Finance, Credit Agricole 13.00 Lunch w: www.euromoneyseminars.com/GEF15 e: [email protected] t: +44 (0) 20 7779 7222 #GEF15 14.30 Are CSR and sustainable lending initiatives creating a new paradigm for export finance professionals? What rules are being imposed on ECAs and what are the drivers behind this trend? What are the implications for coal-fired projects and non-renewable projects? How are ECAs reacting to this? What will this mean for the market? C.P Ravindranath, Chief General Manager, Export-Import Bank of India Tahir Ahmed, Head of Civil and Defence Business Division, UKEF 15.00 Will the rise of the AIIB set a new financing dynamic for infrastructure projects globally? What are the ramifications for the global export finance community? Will the banks’ mandate squeeze out other development banks and ECAs? How can ECAs mitigate construction risk? Are FIs comfortable with large capex projects? Is ECA involvement a necessity for large scale projects? 16.15 Champagne round-tables The conference will break out into round-table discussions, focused on specific regions and sectors. Led by an expert moderator, the round-tables will create an informal environment to discuss and debate sectorial and regional issues over a glass of champagne. Delegates will be able to move around the tables, maximising networking and learning opportunities. SECTORS Offshore and onshore energy Aviation and aerospace Power, infrastructure and transport Telecoms Renewable energy Sébastien Reynaud, Finance Director, Treasury & Financing, Alstom Power Ivan Paja, CFO, T Solar Fernando Artaza, International Finance, Abengoa 15.45 Afternoon refreshments and networking REGIONS Oil producing countries vs non-oil producing countries Commodity producing countries vs consumer societies Southern Asia Western Europe Latin America Middle East and Turkey 17.45 Chairperson’s closing remarks followed by close of conference Complimentary access to Trade Finance online All attendees are entitled to a seven day complimentary trial to Trade Finance Online. Read the latest breaking news, hear about deals first and follow market moves daily, all delivered straight to your inbox. To start your complimentary access, please contact Sam Fairburn on +44 (0) 207 779 8257 or email [email protected] w: www.euromoneyseminars.com/GEF15 e: [email protected] t: +44 (0) 20 7779 7222 #GEF15 Como cliente de CESCE, puede beneficiarse de un descuento del 20%, indicando el código ‘CESCE20’ al registrarse. Register in 5 simple steps Please complete this simple electronic booking form, and then click on the ‘submit your booking’ button at the bottom of the form or email to [email protected] The 16 th Annual Global Export Finance Conference 8th & 9th September, 2015 | Hotel Arts, Barcelona, Spain www.euromoney seminars.com/GEF15 1 . Tell us the name of your first delegate First Name: Last Name: Job Title: Company: 3 . Select your ticket option Package Billing Address: Before 17th July, 2015 After 17th July, 2015 Conference and Briefing £2799.00 (save £200) Day (7th – 9th September) £2899.00 (save £100) £2999.00 Conference only £2299.00 (save £100) £2399.00 £899.00 (save £100) £999.00 (8th & 9th September) City: Postcode: Tel: Fax: Country: Before 26th June, 2015 £2199.00 (save £200) Briefing Day only (7th September) 4 . Select your payment method Email: I would like to pay by invoice. Bank transfer details will be on your invoice. (This option expires 25th August, 2015) 2 . Do you require more tickets? Tell us how many Additional tickets (type in amount required) PLEASE GIVE US THEIR DETAILS ON PAGE 2 I would like to pay by credit card. We will contact you for credit card details 5 . 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