Advisory Activities of GML
For all GML
Capital activities please see
Activities of GML International Limited
GML is a member of the Forum of Trade Creditor Group Representatives for
Trade Indebtedness of the Former USSR, and represents Western exporters
and holders of trade-related claims on Foreign Trade Organisations of
the Former USSR ("FTOs") which arose prior to the break-up of
the Former USSR. GML’s primary role is to work on behalf of its
members to achieve a restructuring of these obligations into securities
issued by the Russian Government. The first round of this exchange took
place in December 2002 and a second round is anticipated to be concluded
during the first half of 2005. In its role as Agent, acting on behalf
of holders of such debts, GML has been extremely successful in reconciling
these debts with the Ministry of Economic Development and Trade of the
Russian Federation and Bank for Foreign Economic Affairs - Vnesheconombank,
which is required for the debts to become eligible for restructuring.
Debts reconciled in such manner can also presently be sold in the secondary
market, although the market for these types of debts is highly illiquid.
Any holders of such trade claims on FTOs, or banks whose clients may hold
such debts, are invited to contact
Ted Stohner (firstname.lastname@example.org) or
Stefan Pinter (email@example.com) to
receive information about the Agency services offered by GML.
Iraq Creditors Club
The Iraq Creditors Club (the "ICC") has been established by
GML International Limited to represent creditors holding trade and construction-related
debts owing by the Government of Iraq and its ministries, state-owned
companies, parastatal organisations and banks.
visit the ICC's recently-launched website at www.iraqcreditorsclub.com
or contact Stefan Pinter (firstname.lastname@example.org), Ted Stohner (email@example.com)
and Janis Brady (firstname.lastname@example.org) should
you require further information.
Trade Finance AnalyticsTM
GML has written a very user-friendly Microsoft Windows™-based software
package to allow our clients to perform their own industry-standard discounting
calculations for forfaiting and other financial assets with irregular
cash flows. The software can be downloaded directly from this website,
or shipped on a CD-ROM for a free three-month trial. Please check the
GML Forfaiting Software section for full