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.
Partner Geoffrey Wynne and senior knowledge development lawyer Jaqueline Cook present Sullivan's November seminar, addressing the question: Can you make your trade finance transactions more secure with or without security?
With widespread disruptions in the trade supply chain and a growing trade finance gap, particularly impacting smaller businesses, a recently released report calls for systemic modernisation of global trade finance and lays down a roadmap for radical change
How is export finance remodelling itself for a sustainable future? Join this one day virtual event and hear from its key ECA providers and corporate stakeholders.
Return of the hugely popular virtual event which addresses the challenges of sustainable commodity finance head on. Bringing you an atmosphere that is inspiring & ideas led! The time is now...
We're reuniting the Americas structured trade and export finance community in Miami! Deal making ahoy! Don't miss this much awaited comeback.
The destination for African commodity finance! A unique opportunity to come together with deal makers across this exciting region for virtual networking opportunities second to none!
The industry is returning to Dubai in-person! Join this senior-level, event in-person or online as we examine greater export and project finance collaboration between Africa and the Middle East
After 3 years away our global commodity finance event returns to Amsterdam! The leading conference in the industry is set to take your breath away as we set sail for two days of world-class networking