Again, Cotecna Emerges Best Collateral Firm

Cotecna has emerged the Best Collateral Management firm for the second year in a row in the 2012 annual Trade Finance Excellence Awards.
Cotecna, one of the world’s leading testing, inspection and certification (TIC) companies, has again been recognized for the quality of its services in the field of trade finance support services. In today’s credit market environment, control and risk management are more than ever essential elements of success in structuring deals.

Cotecna has emerged the Best Collateral Management firm for the second year in a row in the 2012 annual Trade Finance Excellence Awards.
Cotecna, one of the world’s leading testing, inspection and certification (TIC) companies, has again been recognized for the quality of its services in the field of trade finance support services. In today’s credit market environment, control and risk management are more than ever essential elements of success in structuring deals.
In Nigeria, Cotecna has a seven-year build, operate, own and transfer (BOOT) DI contract with the Federal Government. Under the contract, Cotecna is in charge of Apapa and Tin Can ports, Abuja and Kano airports, as well as Jibiya and Banki border posts. It carries out risk management and inspection activities on all goods imported into Nigeria.
Chief Operating Officer, Matthieu Delorme, at Cotecna Trade Services, said: “We are immensely proud to have been awarded recognition as the Best Collateral Manager in 2012 by the readers of Trade Finance Magazine, and grateful to all our clients and other stakeholders for this vote of confidence and the dedication and competence of our teams, who work daily next to our customers and on-site to provide the best quality of services.”
He adds: “Going forward, the challenges and opportunities are significant. We see that the model we have been advocating for some time whereby collateral managers constantly monitor pledged cargo for location, quantity, condition and quality, covered by solid legal documentation, logistical arrangements, and property as well as liability cover arrangements, is gaining ground. Cotecna will continue to contribute for all stakeholders to the strength of these structures to the full extent of its expertise and innovation capabilities.”