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.
Does an uptick in arms trade imports and exports and a rise in rhetorical weaponised language around trade point to a riskier trade credit insurance environment in 2018-19? In the latest episode of TXF’s Risky Business podcast series, a panel of insurance underwriters and risk experts outline their key global risk trends.
High crude oil prices look set to continue despite efforts to increase production. At the same time, argues Jonathan Bell, we are seeing a greater strategic use of crude.
Innovative sale and security structures have attracted a new breed of private equity-backed buyers into North Sea oil assets being sold off by the majors. And as the M&A opportunities increase, strong appetite from an increasingly diversified lender pool is also emerging.
The event will discuss trends for financing for energy projects, including power and renewables, in region against a backdrop of market reforms in the energy sector and changing political and economic factors influencing investment in the energy plans of specific countries.
Round off Geneva Commodities Week in style with our exclusive event dedicated to structured commodity finance.
This influential gathering of export & project finance professionals from across Asia is returning for its fifth year! Join TXF Asia for the latest trends and opportunities in the region.
The intimate, regional event returns for another year, bringing together business partners to discuss inter-African trade and the South African market.
Cut through the uncertainty of this market with our interactive sessions and connect with the local professionals looking to make deals.
The 6th edition of this global event returns to Amsterdam for the best networking and discussion in town. Harness the power of the flower at TXF Amsterdam and get psychedelic solutions to your financing needs.
Your largest export, agency & project finance event returns for 2019! Firmly rated in the industry as having rock-star status, we bring the show to Berlin. For those about to finance, we salute you...