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Analyse de l'impact du "compliance" et de la gestion des risques sur le "trade finance" : comment les sociétés exportatrices et importatrices belges peuvent-elles faciliter leurs transactions internationales dans le climat actuel des affaires ?

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Collard, Gauthier ULiège
Promotor(s) : Artige, Lionel ULiège
Date of defense : 23-Jun-2016/28-Jun-2016 • Permalink : http://hdl.handle.net/2268.2/1471
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Title : Analyse de l'impact du "compliance" et de la gestion des risques sur le "trade finance" : comment les sociétés exportatrices et importatrices belges peuvent-elles faciliter leurs transactions internationales dans le climat actuel des affaires ?
Translated title : [en] Analysis of the impact of compliance and risk management to trade finance: how can the Belgian exporting and importing companies facilitate their international transactions in the current business climate?
Author : Collard, Gauthier ULiège
Date of defense  : 23-Jun-2016/28-Jun-2016
Advisor(s) : Artige, Lionel ULiège
Committee's member(s) : Muller, Aline ULiège
Crapanzano, Stefano 
Language : French
Number of pages : 106
Discipline(s) : Business & economic sciences > Finance
Research unit : Banking and Asset Management
Target public : Professionals of domain
Student
General public
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master en sciences de gestion, à finalité spécialisée en Banking and Asset Management
Faculty: Master thesis of the HEC-Ecole de gestion de l'Université de Liège

Abstract

[en] Executive summary

Taking its source near the XVth century, trade finance can be described as an activity of financing, securitizing and managing international trade transactions. In today’s world and even if the financial crisis of 2008 has been rough, trade finance remains an important activity in the financial system and also for the economy. This activity has been considered as one of the most secured and profitable businesses for banks. Nevertheless, since a few years, trade finance has been suffering from the strengthening of the banking regulations. Apart from the Basel Accords, the regulation concerning the compliance made it difficult for banks to finance all the international transactions. Moreover, a consequence of the financial crisis has been that banks reinforce their approach in terms of risk management.
This document presents trade finance as a whole and helps to understand the issues of these strengthening of compliance and risk management. According to these two aspects, a strategy of trade activity financing has been delivered.
The first part of this thesis analyzes the compliance regulation and the international sanctions according to the activity of trade finance. Four important points linked to these regulations/sanctions have been discussed: the anti-money laundering and the terrorism financing, the embargo, the corruption and the politic.
The second part presents the advantages for companies to orient themselves through international. Moreover, it analyzes a transaction of trade finance in its totality with the different stages and the different actors of an international transaction, their role and the risks to take into account for both stages. Finally, a description of the different financial ways of financing and hedging against the risks has been included in order to explain the pros and the cons of each.
The third and last part describes the steps that can be taken to be in respect to the compliance regulations and a strategy to adopt in order to finance an international transaction.

Key words: trade finance, compliance, international sanctions, risk management, hedging, strategy for international financing


File(s)

Document(s)

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Access Corps.pdf
Description: Corps
Size: 2.56 MB
Format: Adobe PDF

Annexe(s)

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Access Enquête IMM Final.pdf
Description: Eqnuête IMM
Size: 110.65 kB
Format: Adobe PDF
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Access Enquête Neo-tech Final.pdf
Description: Enquête Néo-Tech
Size: 82.21 kB
Format: Adobe PDF
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Access Enquête CMI Final.pdf
Description: Enquête CMI
Size: 117.17 kB
Format: Adobe PDF
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Access Enquête Ducroire-Credimundi Final.pdf
Description: Enquête Crédimundi
Size: 115.81 kB
Format: Adobe PDF
File
Access Annexes.pdf
Description: Annexes
Size: 1.78 MB
Format: Adobe PDF

Author

  • Collard, Gauthier ULiège Université de Liège > Master sc. gest., fin. spéc. banking & asset (ex 2e master)

Promotor(s)

Committee's member(s)

  • Muller, Aline ULiège Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > Finance
    ORBi View his publications on ORBi
  • Crapanzano, Stefano BNP Paribas Fortis
  • Total number of views 43
  • Total number of downloads 0










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