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.
DFI loans and a direct loan from Canada’s EDC have enabled commercial banks to push the tenor on Guinea Alumina Corporation’s greenfield mining project financing.
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 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.
TXF Italy 2019 is dedicated to the Italian export finance market. Hosted by SACE and attended by senior local exporters, this event explores the latest trends and future opportunities in the market.
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