TFC GROUP INCREASES THE SIZE OF THE “SPOKES”
TFC Financial Group is to incorporate locally registered entities in Philippines and Shanghai in addition to TFC Capital Cambodia Pte Ltd. These local companies will carry the TFC Capital brand and will replace the current representative office status. The idea is to be local entities with international expertise, to more deeply infiltrate the market place in each country and to staff these offices with experienced staff so that the offices have less and less reliance on the Hong Kong hub.

The Cambodian company is increasing the staff numbers to effectively self handle its deals. TFC Capital Philippines is in the final stages of set up and a locally incorporated entity in Shanghai is a priority of 2010.

Representative offices will remain in Istanbul and Warsaw.

Hong Kong will remain the Head Office and parent with Group management and a smaller business development team for both TFC Capital and Trade Finance Corporation.

Effectively we are re-branding our trade finance, debt and equity business under the TFC Capital umbrella outside of Hong Kong.

TFC CHANGES IN SENIOR MANAGEMENT POSITIONS
Mr. Anthony Gilks, formally Group Managing Director has departed from TFC. Due to the reduced role of the Hong Kong hub this role will not be replaced and the related cost savings have been passed on to employing more business development people outside of Hong Kong, which shows our commitment to expand in emerging markets.

Mr. Keith Robert Davies, Non Executive Director of TFC Financial Holdings has had his resignation accepted by the Board. Mr. Davies will no longer be involved with TFC Group and will pursue other opportunities.

Mr. Anthony Gilks gave 9 months excellent service to TFC Group and for the last 6 months was instrumental in helping the Cambodian operation to start business.

Mr. Keith Davies has worked on and off with TFC Group for the last 5 years. He was particularly active to help TFC establish its business in the Philippines. Now the business in Philippines will be driven by a new Company to be registered in Philippines and controlled by TFC shareholder Mr. David Sullivan.

Ms. Michelle Punzalan has been employed as the first Manila based Staff of TFC Capital Philippines Inc.

TFC CAPITAL INVESTS IN CAMBODIAN REVIEW
TFC Capital, SAMOA, the investment arm of TFC Financial Group has purchased a 50% stake in Cambodia Review, Cambodia’s first and most successful English language business publication. The immediate goal is to increase circulation within Asia and to increase coverage into the Mekong area as a whole.

TFC BROKERAGE MAINTAINS 100% CLAIMS RECORD
TFCB is delighted that in the midst of corporate defaults and country delays its products have proven their effectiveness and are being acknowledged by clients.  The products structure has protected clients from losses and maintained a one hundred percent settlement record by specialist insurers against claims.  

In a recent example of extreme circumstances, including; commodity price falls, credit crunch, general economic depression and the effects of government actions a major European bank suffered a default by its client.

Utilising TFCB’s expertise and working closely with the bank, insurer and 3rd parties, the claim was paid in full within 14 days of the expiry of the waiting period.  
TFCB report that existing clients are showing interest in expanding coverage and new enquiries continue to be received.

Mr. Mark Cooper, Managing Director of TFC Brokerage commented “These claims payments demonstrate the effectiveness and efficiency of utilising a specialist intermediary. TFCB is delighted to be involved in protecting balance sheets thereby allowing banks and corporates to continue to trade safely and profitably.”

TFC CAPITAL CAMBODIA EXPANDING
TFC Capital (Cambodia) as mentioned already is expanding its personnel. It welcomes Ms. Mona S. Mom, who has a wide range of financial product experience from the securities industry and holds Bachelor’s Degree in Business Administration. She joins the Cambodia office as Manager, Business Development and will be striving to enlarge the client base in Cambodia and Mekong region together with the existing team of Mr. Ngeth Visoth and Mr. Sam West.  Also joining Cambodia office is Mr. Frank Punlok as Research Analyst. Mr. Punlok has a Bachelor of Science with double majors in Statistics and Mathematics and is from a Cambodian background although more recently from New Zealand.  Mr. Punlok will work on expanding the data base on a variety of industrial sectors such as our core business of minerals, oil and gas and real estate. The Cambodia office is also now working actively on its first multi million dollar deal, an eight digit loan for the Royal Tower, Cambodia’s most prominent and highest building to be undertaken by the country’s highest profile company, Royal Group.

贸易融资集团扩大目标范围
贸易融资集团继在柬埔寨成立TFC资本(柬埔寨)有限公司后，将在菲律宾及上海成立本地公司。这些公司将延续发展TFC资本品牌，并代替现时办事处状况。 这是由於希望能将当地企业融合国际专业，并能参透至每个国家市场，这些当地公司将由当地专才处理运作，祈望这些公司将来能独立发展，同时又不致於过份依靠香港总办事处之资源。

柬埔寨公司现已增加员工数目，此举能其更有效地独立处理交易，而TFC资本菲律宾公司已进行至最后阶段。另外，在上海开设公司则是本集团2010年之目标。海外办事处则维持在伊斯坦堡及华沙。

香港办事处则继续成為集团之总公司，并联同集团管理层，贸易融资及TFC资本之业务发展团队。

本集团正有效地重整TFC资本品牌旗下有关海外贸易融资，贷款及资本业务。

TFC管理层改組
Anthony Gilk先生，前集团董事总经理已离开TFC。而由於职务缩窄，有关职位暂不会被取代，有关资源已调拨聘请合适驻海外业务发展人员，以增强我司扩充海外之决心。

戴维斯先生，集团前非执行董事，亦已离开TFC集团，其请辞申请已获董事局接纳，戴君将不会再参与TFC集团任何形式之业务。

感谢Anthony君在过去9个月任内提供优越服务，并在最近6个月期间协助参与柬埔寨公司成立及营运。

戴君在过去五年来活跃地為TFC集团建立业务，尤其协助TFC在菲律宾建立品牌，此后菲律宾之业务将由菲律宾註册新公司处理，该公司由TFC股东苏礼文先生持有。

TFC资本投资“柬埔寨评论”杂誌
TFC资本(萨摩亚) -贸易融资集团之投资附属公司，已收购“柬埔寨评论”杂誌百份之五十股权。 “柬埔寨评论”杂誌是当地最成功之英文杂誌之一，收购后首要目标是增加亚洲区销售量，并增强整体覆盖范围至湄公河区域。

贸易融资保险顾问保持百份百索偿纪绿
儘管市场出现企业违约及国家延迟货期等情况，却令客户体验到我司之超卓能耐， TFCB对此感到高兴。產品架构為客户损失提供了保障，并由专业保险者建立百份百结算纪录对冲损失。

近期包括商品价格下调，信用额危机，全球经济倒退，以及一家欧洲主要银行由於客户违约引致政府所作出之相应行动等等，均属相关例子。

TFCB运用专业知识，并与银行，保险家及第三方保持紧密联繫，有关索偿在等待期届满14 天内全额清付。

TFCB的现有客户对加大保障范围感到兴趣，而我司亦一直收到新的查询。

TFCB董事总经理Mark Cooper先生指出“这些索偿款项显示出透过中介人TFCB之专业服务，能有效率地加快流程。 同时， TFCB对於能参与保障资產状况， 使银行和企业能安心进行交易感到莫大高兴”。

TFC资本(柬埔寨)作出扩充
较早前已作出介绍，TFC 资本(柬埔寨)已扩充其员工数目。我们藉此欢迎 Mona Mon 小姐。 Mona君拥有由证卷行业所得来多种财务產品之经验，并持有工商管理学位文凭， 她将在柬埔寨办事处担任业务发展经理，并联同Visoth先生和Sam先生加强柬埔寨及湄公河区域之客户网络。

除此以外，我们也欢迎Frank Punlok先生加入TFC集团成為资料分析师。Frank君持数学及统计双学位证书， Frank拥有柬埔寨背景，并最近由新西兰回来。 他将负责处理有关扩大多个行业之资料库， 其中包括我司之主要业务(矿石业， 炼油，石油及房地產等等)

柬埔寨办事处正积极投入其第一宗百万元以上之交易个案，為全国最具影响力之集团
– Royal Group 所拥有柬埔寨最高及最高级之建筑物， Royal Tower安排八位数字融资。

TFC是一家以香港为基地的财务服务供应机构。如需更多的相关资料，请到我们的公司网站www.tfcfinancialgroup.com    浏览或以电邮  tfc@tradefinancecorp.com    联络我们。