Commodity finance comprises two key products. The first is commodity-linked loans in the agriculture, oil and gas and mining industries where the lender has the future production or reserves of the commodity as security. These types of deal can be reserves-based loans, pre-export facilities, prepayment facilities, or even streaming, royalty-based loans and factoring. The second are very large unsecured term loan and revolving credit facilities provided annually by commercial banks to the major commodity trading houses and producers – Glencore, Gunvor, Trafigura, Vitol, ADM, Bunge and Castleton for example. These loans, effectively working capital facilities, also enable the major traders to provide loans to commodity producers that lack liquidity, thus ensuring security of commodity supplies and additional profits from that lending due to the arbitrage between the cost of debt for the major traders and what they can on-lend at.
TXF spoke with Tor Mosegaard, head of European power trading at Danske Commodities, to discuss the Danish energy trading house’s role in accelerating the energy transition, having last year signed a 15-year PPA to offtake electricity from the world's largest offshore wind farm - Dogger Bank A and B in the UK.
Join us while we are looking into the commodity finance sector for the Asia Pacific region. Connect with key players and hear about current and future deals.
Uniting the key players and deal makers across the Americas. This is your chance to stay connected and ahead of the curve!
Join us for all the glitz and glamour as we announce the winning Export Finance Industry Choice awards, beaming our virtual awards ceremony to home offices across the globe!
The destination for African export & project finance. Come together with deal makers across the region for virtual networking opportunities second to none .
TXF is introducing the 'Financing the Energy Transition' event, focusing on the latest updates and future plan of the energy transition.
A virtual event addressing the challenges of sustainable commodity finance head on. Bringing you an atmosphere that is inspiring and ideas led, that demonstrates the art of the possible.
We're proud to be bringing back TXF Global Commodity Finance, a must-attend event for the commodity finance community.
TXF invites you to join a dynamic group of export finance professionals to plot your ideas on where we're heading and how to get there
Fasten your seatbelt for the second leg of the ultimate export finance world tour, with stop-offs at Asia, Mena, Europe, Africa, and the Americas
This year's global trade virtual event will look into the impact of covid-19 to the market and explore new opportunities
Calling all changemakers in export finance! Join us to plot your ideas about diversity, sustainability and inclusion in the industry. If you are here to make a difference you are in the right place!
Your largest export, agency & project finance event returns to Madrid for 2021 after a 2020 virtual extravaganza! Industry renowned as the go-to for global export finance. Let the deal-making begin!
We are delighted to bring back this senior-level virtual event dedicated to the MENA region! Examine the regions' key trends and future opportunities whilst networking in a safe space.
A key event in the export, agency & project finance event calendar for senior and influential professionals working across the Asia-Pacific region. Networking and deal opportunities abound!
After a year away, we are delighted to bring the TXF Global Commodity Finance physical event to Geneva! Join dealmakers from across the globe to network in-person for an unmissable opportunity
A dedicated forum in Singapore for the APAC commodity finance community. Join dealmakers from across Asia-Pacific as we tackle key industry issues and analyse the latest deals in the market.
TXF presents the very latest updates on Spanish Export Finance. This virtual annual event will cover all current and future deals and explore new opportunities for the market.
TXF France is the industry leading event to make connections and discover new sectors, regions and ideas for ECAs, banks, exporters and service providers.
The next episode of this intimate and focused event returns virtually to get you up to date on the latest trends in Italian Export Finance. Expect first-class networking and debate
The trusted meeting place for anyone involved in the financing of German exports.