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.
ESG-tied debt benefits go beyond a simple PR play for Louis Dreyfus Company, it's now a tightly priced option for the trader, as its latest Asian revolver mimics its debut in the sector earlier this year. However, lenders will up fees incrementally with each drawdown this time round.
TXF China brings an exclusive group of senior structured finance professionals together in Shanghai for a day of collaborative discussion of regional opportunities and productive network building.
The annual German export finance event to join. Senior and exclusive! Includes afternoon session and ice-breaker drinks on the 25th, with a full agenda on the 26th.
TXF South Africa is back and this time it's personal - we'll have more intimate discussion and more high-ranking voices from the export, project and commodity finance community than ever before.
TXF Spain brings a broad range of exporters and financiers from across the country. Conducted in Spanish, attendees can expect to gain exciting new opportunities and connections for exporting.
TXF MENA 2019 returns covering the opportunities at your fingertips across ECA, Project, Trade and Commodity Finance in this region. Senior and unmissable!
The climax to Geneva commodities week, TXF Geneva brings together the European commodity finance market for an unparalleled day of thought leadership, networking and education.
Get ahead with the Italian export finance market. Hosted by SACE, this event explores the region's emerging trends and best new opportunities. Conducted in Italian; translated to English.
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!
Join the movers and shakers of the political risk and trade credit insurance market for a day of networking, education and collaborative discussion
The fun in the sun returns! Bringing all key players together for two days of networking, we explore case studies of the latest deals and examine the next hot opportunities across the region.
Get a fresh look at the Asian Commodity Finance market, share your views and make real connections with regional deal-makers.
TXF Africa 2020 will focus on recent and forthcoming developments across regional export, project & commodity finance and explore new opportunities for each market.
The global export, agency & project finance games return for 2020! Join us in Madrid for the largest gathering of its kind with a vision to taking your network further than ever before.