Citi hires EMEA prepaid sales head

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27 April 2010

Citi has appointed a prepaid sales head for Europe,Middle East and Africa as part of its global transaction services team.

Jay Hershman has joined Citi’s global transaction services (GTS) business as the GTS Europe, Middle East and Africa (EMEA) client sales...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%