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 was at the forefront of the discussion at the TXF Global Commodities event in Geneva. But it wasn’t just climate change and carbon neutrality on people’s minds. The ‘S’ portion of ESG is typically less focused on in the commodities world, despite having interesting implications for portfolio risk, and is gaining prominence.
Departures from parts of the trade credit and CPRI market – in particular by Zurich and QBE – have raised eyebrows as reduced capacity could make it harder for banks to secure a programme with a single insurer. What will be the impact, and can improved harmonisation of Basel-compliant documentation help bolster capacity?
A key virtual 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!
A dedicated virtual forum 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.
The premier virtual gathering for stakeholders of global trade finance. Join us online for un unbeatable online learning and networking experience.
The trade finance market remains one of the most elusive areas for capital market investors. This virtual event brings up to date insight on the risks and connects keys stakeholders across markets.
PART OF TXF LOCAL EXPORTVISION! TXF France is the industry leading event to make connections and discover new sectors, regions and ideas for ECAs, banks, exporters and service providers.
2 weeks of virtual export finance events - one TXF Export Finance Membership pass! Country-specific events covering France, Germany, UK, Switzerland, Denmark, Sweden, Belgium, Italy and USA.
PART OF TXF LOCAL EXPORTVISION! The trusted meeting place for anyone involved in the financing of German exports. Join virtually with a TXF Export Finance Membership.
PART OF TXF LOCAL EXPORTVISION! TXF presents this intimate and focused event returning virtually to get you up to date on the latest trends in British Export Finance. Limited in-person tickets avail..
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...
The industry is returning to Dubai in-person! Join a senior-level, hybrid event dedicated to the MENA region. Examine the regions' key trends and future opportunities + unmissable networking.