Banque Francaise du Commerce Exterieur

(redirected from BFCE)
Also found in: Acronyms.

Banque Francaise du Commerce Exterieur

A former bank in France providing financing and bonds to French exporters. It was structured as a joint stock company; its major shareholders were state-owned banks, and its director was appointed by the Finance Minister. As part of a privatization program, BFCE was sold to Credit National in 1996.
References in periodicals archive ?
First, because ACM wanted to secure the participation of BOT and BFCE in the contingent payment sale, Merrill Lynch offered each of the banks a "structured transaction" that consisted of two swaps executed in conjunction with the contingent payment sale.
The back-to-back hedge swap stabilized Kannex's return on its investment and also permitted Merrill Lynch to partially offset the interest rate exposure that it had incurred in connection with its hedge swaps with BOT and BFCE.