Commodity Finance

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.

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HFW unveils team to launch Monaco office
16 August 2019

ExxonMobil plans £1.6bn sale of North Sea oil and gas stakes
15 August 2019

Whitehaven Coal posts record profit of $383m
15 August 2019

Martin Midstream sells East Texas Pipeline for $17.5m
15 August 2019

FPSO project debt refinanced with bond
15 August 2019

PetroRio chief financial officer resigns
15 August 2019

Northern Dynasty raises $11.5m for Pebble project
15 August 2019

Australia's Woodside at mercy of partners to unlock growth as headwinds grow
15 August 2019

Petrobras to pre-pay Chinese loans, end oil supply obligation
15 August 2019

Trafigura begins transporting crude oil via Cactus II pipeline
14 August 2019

Cocoa farmers reject Cocobod price rise
14 August 2019

MTV mandates prepay for Chilean copper projects
14 August 2019

Glencore loses bid to stop ATO using Paradise Papers to assess tax bill
14 August 2019

Corporate fraud on the increase in China
14 August 2019

KfW IPEX and EDC to back Gensource Potash

Eurasia's Monchetundra mining project progressing
14 August 2019

Mong Duong sounds out banks for $485m to complement bond
14 August 2019

Rio Tinto and Cargill complete first fully digital iron ore trade
14 August 2019

Delek in talks to raise $300m prior to Ithaca IPO
13 August 2019

Trafigura, Frontline and Golden Ocean set up marine fuels JV
13 August 2019

Citgo favours new CEO amid political trouble
13 August 2019

White & Case adds Mark Holmes to Global Banking Practice
13 August 2019

TXF Commodities Amsterdam 2019: Citi on digitising trade
TXF Commodities Amsterdam 2019: Citi on digitising trade
Aife Howse
12 August 2019

From the sidelines of TXF Amsterdam, Kris Van Broekhoven, global head of commodity trade finance at Citi, talks about Citi's growth in Asia, the drive towards digitising trade and the benefit of being a dollar bank in a dollar market.

Ecobank starts debt recovery proceedings against Rahamaniyya
12 August 2019

Saudi Aramco extends business, buying Reliance stake
12 August 2019

EBRD backs Unigran rolling stock acquisition
12 August 2019

IOG to repay £22.4 million debt to collapsed LOG
12 August 2019

Gunvor and SOCAR fail to strike a deal for Antipinsky refinery
12 August 2019

Albemarle pushing back construction as lithium prices fall
12 August 2019

Rusal: H1 profit drops to $599m
9 August 2019

NEXI backs investment in Russia's Arctic LNG2 project
9 August 2019

China goes big on commodities purchase amid shifting trade war
9 August 2019

Iraq 'close to pipeline deal with BP and Eni, rather than Exxon'
9 August 2019

UniCredit promotes Atvars and Beomonte
9 August 2019

Anadarko shareholders go for the cash in $38bn Occidental buyout
9 August 2019

Indonesia proposes dairy tariffs to fight EU biodiesel boycott
9 August 2019

Barrick may sell Tongon mine amid asset disposals
9 August 2019

Galp Bioenergy to take Petrobras' 50% in biofuel JV
9 August 2019

Stanmore Coal gets $300m takeover offer from Winfield Energy
8 August 2019

FCMB unveils revamped agro-commodity trade finance facility
8 August 2019

Halcón files for Chapter 11 bankruptcy protection with $945m in debt
8 August 2019

BHP agrees $283m funding for Ruby project in Trinidad and Tobago
8 August 2019

Glencore locked out from Ironbark board
8 August 2019

Understanding the positive trade finance market for exporters In Brazil
8 August 2019

Radzyminski promoted to head Natixis Latin America
8 August 2019

BP extends partnership with Reliance India
7 August 2019
BP

India raises cost of refinery project with Aramco to $60bn
7 August 2019

Pure Gold secures $90m financing for Madsen Gold Project
7 August 2019

Glencore’s half-year earnings fall 32% to $5.6bn
7 August 2019

Adnoc buys 10% stake in Vitol oil-storage unit
7 August 2019