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Dear valued client,
The theme for this month’s Sibos conference, which will bring together experts from across the finance industry in Toronto, is ‘collaborative finance in a fragmented world’. This references the complex challenges currently facing both financial institutions and the businesses they serve – some of which we address in this new edition of our IN.sights newsletter.
The ongoing volatility of today’s geopolitical environment is disrupting and redirecting the flow of international trade, bringing with it both challenges and opportunities. What is new is that this change now comes at the intersection of the broader sustainable and digital transformations underway in the global economy.
Both of these transformations are in focus in this edition of IN.sights. We hear from Commerzbank experts on how the energy transition is reshaping global trade corridors, and on the impact of global ESG standards on African markets. Our specialists also discuss the latest trends in payments digitalisation and recent progress in cross-border instant payments.
We hope you will take a moment to enjoy our latest edition of IN.sights. For those of you attending Sibos, I look forward to seeing you in Toronto!
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| | Innovation focus
Beyond the trends: what’s next for payments digitalisation?
The pace of technological change in the payments space is hard to overstate. Ahead of her panel session at Sibos, Simone Löfgen discusses the major innovations and developments defining the sector.
Learn more ➔
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| | Regional spotlight
Financing the transition in Africa: pathways to sustainable prosperity
For emerging markets looking to take the next step in their economic and industrial development, sustainability implies more than just reducing carbon emissions. We hear from Kristina Holzhäuser on the challenges and the opportunities for African economies in this new environment.
Learn more ➔
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| | Expert view
Recalibrating the energy market: powering the future through renewables and new partnerships
As the global energy crisis drives the transformation of trade corridors, emerging markets are poised to play a new role. Dr Fabian Schlüter and Christian Toben examine the importance of robust infrastructure and a willingness to invest in making these regions reliable sources of renewable energy.
Learn more ➔
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| | | | Commerzbank in the News | |
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| | Impact Festival: Europe’s largest B2B sustainability event returns
This year’s Impact Festival was held in Frankfurt on 13 and 14 September. Hosted by Neosfer, Commerzbank’s research and development unit, the two-day flagship event brought together key stakeholders including GreenTech startups, SMEs, corporate sustainability managers and investors – with a common goal to foster the sustainable transformation across the economy.
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| | Commerzbank carries out first live transactions on trade finance network Contour
In a first for a German bank, Commerzbank has successfully executed trade finance transactions on the decentralised platform Contour, with the completion of two blockchain-based Letter of Credit (LC) transactions by Commerzbank’s Singapore and Shanghai branches. Commerzbank completed one LC transaction for its client, Singapore-based textile trader Ascentex Exim LLP, and acted as the issuing bank for the second transaction for Nanjing Iron and Steel Company.
With these live transactions the bank has reached a milestone in its commitment to driving digital innovation and delivering value-added solutions to its clients. By leveraging the power of advanced technology, Commerzbank aims to enhance efficiency, reduce costs and provide greater accessibility to trade finance, ultimately enabling businesses to thrive in today’s rapidly evolving global marketplace.
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| | Global Finance names Commerzbank Germany’s Best Trade Finance Provider and a Leader in Sustainable Finance
At a ceremony in London in June, Commerzbank was presented with an award for leadership in Sustainable Finance in Germany by Global Finance. This awards programme recognises global, regional and local leadership in sustainable finance and celebrates financial institutions that stand out for their efforts to ensure adequate financing for sustainable initiatives.
This is the second year running that Commerzbank has won this award, following the inaugural country awards last year. This award is testament to Commerzbank’s commitment to sustainability across its operations and lending portfolio.
Commerzbank was also awarded Best Trade Finance Provider in Germany for the fourth consecutive year. The Trade Finance & Supply Chain Finance Awards 2023, organised by the banking and finance magazine, are based on data gathered from banks, analysts, corporates and other industry players.
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 | The bank at your side |
Important information:
The opinions and estimates contained herein have been done with due care and diligence and are true and correct to the best of our knowledge at the given time, and are subject to change without notice. This newsletter is for information purposes only. Commerzbank AG Institutional Clients & Transaction Banking Sales accepts no responsibility or liability whatsoever for any expense, loss or damages arising out of or in any way connected with the use of all or any part of this newsletter.
If you do not wish to receive the IN.sights newsletter, you can unsubscribe at any time by clicking on the unsubscribe link provided below.
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Japan: This document and its distribution do not constitute and should not be construed as a "solicitation" under the Financial Instrument Exchange Act (FIEA) of Japan. This document may be distributed in Japan solely to "professional investors" as defined in Section 2(31) of the FIEA and Section 23 of the Cabinet Ordinance Regarding Definition of Section 2 of the FIEA. Note that Commerzbank AG, Tokyo Branch has not participated in its preparation. Not all financial or other instruments referred to in this document are available within Japan. You should contact Corporate Clients Division of Commerzbank AG for inquiries on availability of such instruments.
Singapore: This document is furnished in Singapore by Commerzbank AG, Singapore branch. It may only be received in Singapore by an institutional investor or an accredited investor as respectively defined in section 4A of the Securities and Futures Act, Chapter 289 of Singapore (“SFA”) pursuant to section 274 or section 275 (as applicable) of the SFA. Nothing in this document constitutes accounting, legal, regulatory, tax, financial or other advice and/or recommendations to the recipient of this communication. Further, the communication/information provided herein does not constitute a “financial advisory service” within the meaning of the Financial Advisers Act, Chapter 110 of Singapore (“FAA”) and therefore, the regulatory requirements and duties that may be owed to a client pursuant to or in connection with the FAA are not applicable to the recipient in connection with this communication. Recipients are advised to seek independent advice from their own professional advisers about the information contained discussed herein.
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US: This document has been created and published by the Corporate Clients division of Commerzbank AG, Frankfurt/Main or the group companies mentioned in the document ("Commerzbank").
This is a financial promotion/marketing communication (together “communication”). It is not “investment research” or “financial analysis” as these terms are defined in applicable regulations and has not been prepared by a research analyst. The views in this communication may differ from the published views of Commerzbank Corporates & Markets Research Department and the communication has been prepared separately of such department. This communication may contain short term trading ideas. Any returns or future expectations referred to are not intended to forecast or predict future events. Any prices provided herein (other than those that are identified as being historical) are indicative only, and do not represent firm quotes as to either size or price. This communication is for information purposes only. The descriptions of the products and ideas featured in this document do not purport to be comprehensive descriptions. The information contained herein does not constitute the provision of investment advice. It is not intended to be nor should it be construed as an offer or solicitation to acquire, or dispose of, any of the financial instruments and/or securities mentioned in this communication and will not form the basis or a part of any contract.
Potential counterparties/ distributors should review independently and/or obtain independent professional advice and draw their own conclusions regarding the suitability/appropriateness of any transaction including the economic benefit and risks and the legal, regulatory, credit, tax and accounting aspects in relation to their particular circumstances. Levels, bases and relief from taxation may change from time to time. Any information in this communication is based on data obtained from sources believed by Commerzbank to be reliable, but no representations, guarantees or warranties are made by Commerzbank with regard to the accuracy, completeness or suitability of the data. Commerzbank has not performed any independent review or due diligence of publicly available information regarding an unaffiliated referenced asset or index. The past performance of financial instruments is not indicative of future results. No assurance can be given that any financial instrument or issuer described herein would yield favourable investment results. This communication is intended solely for distribution to Professional Clients and/or Eligible Counterparties of Commerzbank. It is not intended to be distributed to Retail Clients or potential Retail Clients. Neither Commerzbank nor any of its respective directors, officers or employees accepts any responsibility or liability whatsoever for any expense, loss or damages arising out of or in any way connected with the use of all or any part of this communication.
Commerzbank and/or its principals or employees may have a long or short position or may transact in financial instrument(s) and/or securities referred to herein or may trade in such financial instruments with other customers on a principal basis. The information may have been discussed between various Commerzbank personnel and such personnel may have already acted on the basis of this information (including trading for Commerzbank’s own account or communication of the information to other customers of Commerzbank). Commerzbank may act as a market maker in the financial instruments or companies discussed herein and may also perform or seek to perform investment banking services for those companies. If an actual secondary market does not exist after an offering, you may not be able to sell the security at a price above or below what you paid initially at the offering. Generally secondary market pricing, which Commerzbank is not obligated to provide, can be above or below offer price based on market factors at that point in time. Debt securities issued by Commerzbank or its affiliates are unsecured obligations and any payment on the security is subject to the credit risk of the issuing entity. Any changes to our credit rating may have a positive or adverse impact on the security. If we were to default on our payment obligations, you may not receive amounts owed to you and or lose your entire investment.
The offer price of our securities will exceed the estimated value when the value was provided, as determined by Commerzbank’s pricing models, which incorporates numerous factors that may include our creditworthiness, market conditions as well as other applicable factors. These pricing models are proprietary and predicated partly on certain assumptions about future events that can be correct or not. The difference between the estimated value and offer price is based on factors that can include underwriter discount, commission and expenses involving marketing. No part of this communication may be reproduced, distributed or transmitted in any manner without prior written permission of Commerzbank. This communication or the manner of its distribution may be restricted by law or regulation in certain countries. Persons into whose possession this document may come are required to inform themselves about, and to observe any such restriction. By accepting this communication, a recipient hereof agrees to be bound by the foregoing limitations.
To the extent this communication is distributed in the United States, it must solely be sent to “institutional investors” and “major U.S. institutional investors,” as defined in Rule 15a-6 under the Securities Exchange Act of 1934. Any securities transaction by U.S. persons must be effected with Commerz Markets LLC (“CMLLC”), a wholly owned subsidiary of Commerzbank AG and a US registered broker-dealer. CMLLC is a member of FINRA and SIPC. Under applicable US law, information regarding clients of CMLLC may be distributed to other companies within Commerzbank. Banking services in the U.S. will be provided by Commerzbank AG, New York Branch. Any derivatives transaction with U.S. persons must be effected with Commerzbank AG, in accordance with the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Commerzbank AG is not a member of SIPC and is a provisionally registered swap dealer with the CFTC. Some products or services may be unavailable in the United States.
IMPRINT
Commerzbank Aktiengesellschaft (public limited company)
Office premises: Kaiserplatz, 60311 Frankfurt am Main
Postal address: 60261 Frankfurt am Main
Your contact for questions to the company:
Telephone: +49 (0)69 136-20
Email: info@commerzbank.com
Commerzbank website
Authorized representatives/board:
Manfred Knof (Chairman),
Marcus Chromik, Michael Kotzbauer, Sabine Mlnarsky, Jörg Oliveri del Castillo-Schulz, Bettina Orlopp, Thomas Schaufler
Registration court:
Local Court Frankfurt am Main
Commercial register number: HRB 32000
VAT registration number:
DE–114 103 514
Supervisory authority responsible:
European Central Bank, Sonnemannstraße 20, 60314 Frankfurt/Main
Federal Financial Supervisory Authority, Graurheindorfer Straße 108, 53117 Bonn, Germany
and Marie-Curie-Straße 24–28, 60439 Frankfurt/Main, Germany
Bafin website
BAK-Nr. 100005
European online dispute resolution platform:
The European Commission has set up a European Online Dispute Resolution Platform (OS platform). A consumer may use the platform for the out-of-court settlement of a dispute arising from online contracts with a company established in the EU.
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