Following its reorganisation last year, Olam has secured a massive $5.2 billion across three separate facilities to set its new operating groups in motion. With agri named the most resilient sector in TXF’s Global Commodity Trade Industry Report 2021, we take a look at part of the integral role Olam plays here
It has been a long time and much has happened since we held our last physical global commodities event. But come 7-8 October we are back in Geneva and addressing the realities of the commodity finance market today in our hybrid event.
“Why try to compete with a trade finance bank when you can co-invest with them”. In this fortnight’s Stages for Change article, TXF’s Aife Howse speaks to Audentia Global’s Sophia Vanco on why banks and alternative credit managers work better together.
Each week, we're bringing you the latest headlines from trade, export, and commodities finance via the TXF Newsdesk
Here’s a sneak peek of TXF’s H1 Commodity Finance Data Report 2021, which will be out later this week. Comprising comprehensive data on commercial loans, the report dissects material on the financings of both commodity traders and producers.
“There's been a lot of talk about money moving out of the industry, but I haven't seen it materialise in a significant way yet”. In this week’s instalment of the Stages for Change series, TXF speaks to Laura Martone, finance partner at Bracewell within the New York energy group, about changes and continuances within the oil and gas sectors.
How is SWIFT’s own digital trade evolution progressing? Will corporates, banks and vendors be on board and does the organisation risk competing with itself? TXF looks to history and asks more questions than it can get answers to at the moment. Will a pivot toward APIs be an answer in trade?
Each week, we're bringing you the latest headlines from trade, export, and commodities finance via the TXF Newsdesk
“A reluctance to change is sometimes bred into people. Openness to change is important, and a certain level of self-reflection is essential in order to grow with the changing industry.” In this week’s instalment of the Stages for Change article series, Aife Howse speaks to Esther Berkelaar, global lead, portfolio risk, trade and commodity finance at Rabobank.
Part of the commodity trade finance sector is transforming itself with the use of digital platforms utilising blockchain technology. We look at two key examples where significant inroads are being made.
In this week’s instalment of the Stages for Change series, Aife Howse speaks to ING’s Mayke Geradts, director of sustainable finance, on the headwinds posed by working in a relatively new and ever evolving industry.
Geoff Wynne, partner at Sullivan, presents the July breakfast seminar on how digitisation is unfolding in the trade finance sector, and what to expect next.
“Commodities trade and finance contribute to a real economy, and it is empowering to feel as if you can enact a real change or understand how that change can be brought about” - in this week’s Stages for Change interview, TXF’s Aife Howse talks to Tanya Epshteyn about her career from commodity finance banker to trader.
With oil majors responding to climate pressure by selling assets in a bid to slash emissions fast, emissions are merely being handed down to other companies – possibly those less transparent and more keen on upping production.
Catch up now on the first few sessions of our TXF TV summer series of digital content.
Sullivan's Jacqueline Cook, senior knowledge development lawyer, Amanda Montano, associate, and Mark Norris, partner, present June's trade finance breakfast seminar on payment problems and practical solutions.
Government-led mandatory ESG reporting needs to evolve globally into a more stringent and standardised framework to push commodities trading corporates, first movers in the nascent sustainability-tied debt space, towards greater ESG transparency – for the benefit of all stakeholders.
With the events of 2020 having further complicated an industry issue which was already considered to be a hurdle, bank compliance is in danger of leaving SMEs and the emerging markets behind – unless governments and regulators club together to push for a digitalised and standardised solution.
Mark Norris, partner at Sullivan, presents the first of a series of seminars on ESG in trade and export finance - 'Progressing from ambition to impact'.
Last month, TXF Global Commodity Finance 2021 kicked off with a football themed opening video – passing, keepy-upping and headering its way through the top 10 industry trends of the last year. For anyone that missed it, here’s the commentary.
Sucafina has returned to the debt market for an ESG-tied borrowing base - sporting a debut digital tool courtesy of Komgo – as well as an upsized deal volume and extended KPIs. The deal has also provided a seedbed for future digital borrowing base transactions, and other types of structured commodity trade financings.
Copper prices have surged to a decade-long high off the back of demand from a global green industrial revolution. But with the potential of new supply masked by uncertainty, could prices jump to the point of hinderance to the Paris Climate Agreement?
With Olam recently signing a $1.45 billion facility linked to AtSource, a platform which provides customers with full traceability and insights on how to improve supply chain sustainability parameters, TXF takes a look at how sustainability and ESG impact reporting is evolving beyond the more immediate and obvious.
TXF spoke to Julian Longson, CEO at Pole Star, amid a period of progression for the maritime tech and regulatory compliance firm following a significant growth investment from Wavecrest Growth Partners and Abry Partners. Pole Star will not just be boosting sales and hiring, but is also extending its PurpleTRAC solution to integrate ESG compliance into its model, amongst other product developments.
Sullivan associate Amanda Montano presents this trade finance seminar on modernising disputes, looking into the key considerations for choosing litigation or arbitration and whether this is suitable for financial and banking disputes.
TXF spoke to Addison Armstrong, head of sales and marketing at ClearDox, an SaaS platform that provides data management and digital transformation solutions for commodity corporates and financiers, designed by commodities practitioners.
After a slow end to 2020, Russia's commodity-linked corporates have upped their syndicated loan market activity as ‘Covid premiums’ dissipate. And despite fresh US sanctions in recent weeks, Russian corporates are tapping attractively priced debt while pushing out the tenor envelope.
Sullivan partners Geoff Wynne and Sam Fowler-Holmes give an overview of receivables finance and explore issues around documentation and the ongoing Greensill fallout.
In honour of International Women’s Day on Monday, TXF takes a look at how gender imbalance within the commodity finance industry is being challenged, from bank diversity strategies to the possibility of integrating diversity into financing structures.
Simon Cook, partner at Sullivan, presents on the issues and some potential solutions for structuring financings using physical commodities and the documents representing them.
Trafigura's latest bout of fundraising marked its debut in the Schuldschein loan market. And while introducing an attractive debt instrument to the trader’s financial toolkit, the deal has provided a financial blueprint for a robust backing of new private investors eyeing up commodity trade debt.
TXF spoke with Tor Mosegaard, head of European power trading at Danske Commodities, to discuss the Danish energy trading house’s role in accelerating the energy transition, having last year signed a 15-year PPA to offtake electricity from the world's largest offshore wind farm - Dogger Bank A and B in the UK.
Commodity prices reaching bullish levels as the world prepares to move out of the Covid crisis and into a green industrial revolution has sparked some excitement around the possibility of the next supercycle. But with bank funding growing increasingly sparse, there is a mismatch between demand and supply of capital - a sure problem for traders if the supercycle is here to stay.
For Sullivan's first trade finance breakfast seminar of 2021, partners Geoff Wynne and Jacqueline Cook present on what this year holds in store for the trade and commodity finance community.
TXF spoke to Jonas Rey, founder of third-party risk management consultancy Athena Intelligence, on what could have been done differently to decrease the risk of high-profile fraud cases in the commodities space last year.
The volatility in LNG spot prices between mid-2020 and early 2021 has shifted the dynamics of how LNG is traded. And the recent rally in LNG prices has undermined buyers’ enthusiasm for relying solely on the spot market while reversing favourability back towards long-term LNG contracts.
Mark Norris, partner at Sullivan, reflects on the various issues that emerged in 2020 and how they will feed into 2021, for the final Sullivan breakfast seminar of the year.
Gunvor’s oversubscribed biodiesel borrowing base has revealed significant lender support for the backing of cleaner products in line with the energy transition. But, with the handful of biggest traders attracting plenty of debt, and SMEs struggling to secure such volumes of financing, the already large funding gap at the lower end of the commodity trade finance market is set to widen.
Russia’s syndicated loan market activity is set to boom at the beginning of 2021, according to sources, as corporates delay their Q4 2020 fundraising plans to avoid any lingering ‘Covid premiums’ in anticipation of more favourable pricing conditions early next year.
This year’s edition of TXF’s Global Commodity Trade Finance Industry Report has landed, offering a thorough and independent look into the impact of the past 12 months on a sector which has endured a period of unparalleled volatility.
Trade finance in 2020: Annus horribilis - lessons for the future or a bit of both?
TXF spoke with Robin Miles, partner at Bracewell, to outline the impact of depressed oil and gas prices on oil majors and traders. From consolidation to financially over leveraged corporates converting debt to equity with the help of outside investment, the new ebb and flow of the energy market is providing a plethora of opportunities.
At TXF MENA Virtual 2020, ECI outlines the current world economic outlook and presents the launch of its new Islamic trade solution.
With the complicated transition away from LIBOR looming at the end of 2021, Olam has secured Singapore’s first club deal pegged to the country’s new Singapore Overnight Rate Average (SORA) benchmark. But not every corporate borrower is as prepared as the Singaporean food and agri-business for the change away from LIBOR, a daily benchmark which has determined interest rates for $250 trillion of debt and derivatives for over 40 years.
Live Webinar | 23.09.2020 | 14:00 UK | Join us for a one-on-one interview with the STSA's Secretary General, Florence Schurch.
Alternative lenders cannot solely pick up the funding gap left by European commercial banks retreating from the commodity finance space in the Covid-19 epoch. But can bank-fund collaboration based on the different stages of the transportation of goods provide a viable deal template going forward?
We are delighted to bring back this senior-level virtual event dedicated to the MENA region! Examine the regions' key trends and future opportunities whilst networking in a safe space.
It's been away for far too long - but your TXF Global Commodity Finance event is coming to Geneva! Join dealmakers in an enchanted forest of opportunity for an unmissable networking experience...
Your largest export, agency & project finance event returns in the flesh for 2021! Get your boots back on the ground in Madrid at this go-to global event for all things export finance.
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.
TXF France is the industry leading event to make connections and discover new sectors, regions and ideas for ECAs, banks, exporters and service providers.
The next episode of this intimate and focused event returns virtually to get you up to date on the latest trends in Italian Export Finance. Expect first-class networking and debate
The trusted meeting place for anyone involved in the financing of German exports.
TXF presents this intimate and focused event returning virtually to get you up to date on the latest trends in British Export Finance. Expect first-class networking and debate!