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.
Tat Yeen Yap. the former head of product management Asia, trade finance, for Societe Generale, argues that the crisis could be a catalyst for electronic presentations of trade instruments. India’s lockdown will be a test case.
A premium online event focusing on recent and forthcoming developments across regional export & project finance with unbeatable networking opportunities across each market.
TXF Global Commodity Finance 2020 conference goes back to the future . Join deal makers from across the globe for an unmissable two day 80’s themed extravaganza.
The global export, agency & project finance games return for 2020! Join us in Madrid for the largest gathering of its kind and take your network further than ever before.
TXF's stages for change initiative is a space to celebrate the diverse experts in our industry. We shine a light on the underrepresented communities that make the market stand out.
The ultimate guide to Export Finance in Germany. Senior attendees from banks and exporters gather every year to make new connections and plan ahead...could you be one of them?
Roll up, roll up for the latest updates on Spanish Export Finance. This annual gathering will take you to the heart of the market and introduce you to senior decision-makers who make deals happen.
4 conferences in 1 - TXF will be coming to Paris, Frankfurt, Madrid and London for 4, 1 day events covering all the latest updates in the local export market. Pick your favourite and join us!
We're reuniting the French Export Finance industry to discuss trends in the market and make new valuable connections. Join us in Paris to get ahead of next year's deals.
Our first UK Export Finance event is coming to town this September. Delve into the local market and make high-level contacts that might just lead to your next deal...
A gathering of all the key players in MENA - a chance to shake hands, exchange business cards and plan ahead for another year of successful deal-making!
Join the crowds of exporters, ECAs, banks and insurers gathering to share their expertise and predictions for Asian project and export finance.
The only dedicated forum for the APAC trade and commodity finance community. Join dealmakers from across Asia-Pacific as we tackle key industry issues and analyse the latest deals in the market.