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  • The techniques that constitute state-of-the-art borrowing are growing in sophistication. But having the latest black box doesn't guarantee success. Issuers also need old-fashioned market savvy to get the lowest-cost funds. Here are the ones that combined both qualities over the past year
  • By signing the association agreement with the EU, Morocco has taken another step towards integrating its economy. But will the advantages outweigh the sacrifices? By Philip Eade
  • Edited by Steven Irvine
  • Derivatives are becoming an essential component of corporate finance in developing economies. But risk management rather than position-taking is their rationale, and bankers have changed their marketing pitch to take account of the new mood. Mariana Crespo reports
  • Country Rankings
  • Does your company need a big loan, fast? Those in the know reckon Jimmy - Chase's James Lee - is your man. At Chemical, Lee led the market in US syndicated loans even before the merger with Chase. Now his team is dominant, and the most powerful financier since Michael Milken is set on expanding further, offering corporates package deals. But do they want or need them? And if Jimmy's empire gets bigger won't they lose the personal service that makes him so appealing? Stephen Neish reports
  • A special report prepared by Frankfurter Hypothekenbank Centralboden
  • Foreign banks were attracted to Portugal by the infrastructure and privatization boom of the mid-1980s. Now they are finding the going much tougher. The battle to lend to large corporates has reached fever pitch and margins are so eroded that some players are having doubts about their future in the country. Nick Kochan reports