Mercuria returned to the Asian loan market for its annual revolver at the end of last year. But this time round the trader upsized the facility by nearly twice the debt volume - albeit with a small 'Covid premium'.
“The more people that look beyond the stereotypical type of person that ‘belongs’ in this industry, the more positivity and different perspectives will be brought into the industry.” TXF’s Aife Howse speaks to Natalia Haas, managing partner at Mercator Commodities, for this week’s Stages for Change interview.
As the end of 2021 nears, TXF takes a look at current trends and challenges in commodity trade finance and their implications for 2022.
As the energy crisis worsens, a multitude of issues surrounding ESG arise – will consumers be able to afford the price hike? And will the recent retreat of investments in fossil fuels in favour of renewables exacerbate the crisis?
Partner Geoffrey Wynne and senior knowledge development lawyer Jaqueline Cook present Sullivan's November seminar, addressing the question: Can you make your trade finance transactions more secure with or without security?
TXF’s top takeaways from the biggest gathering of the export and project finance community in the world, TXF Global 2021, are here.
In this fortnight’s Stages for Change instalment, TXF’s Aife Howse speaks to Allen and Overy’s Catherine Lang-Anderson, who heads up the firm’s trade and commodity finance practice in London and plays an active role in its diversity and inclusion initiatives.
The TXF Bespoke Bank Heatmap Research Reports - comprising both quantitative and qualitative data - delve into the strengths and weaknesses of the top 15 commodity trade finance banks across seven criteria, providing indispensable client insights tailored to each individual bank.
In this week’s edition of the Stages for Change interview series, Sabine Vigneron and Angie Dorschel discuss the power of coincidence, working together to champion small ticket financings, and the role that digitalisation will play in the future of export finance
Partner at Sullivan, Sam Fowler-Holmes presents the October breakfast seminar on structuring trade finance transactions using SPVs and how to balance the risks and rewards.
In this fortnight’s Stages for Change interview, TXF’s Eavie Burnett speaks with Nedbank’s Mbali Kubheka on her growing career in export finance and the capacity it gives her to make real change
In this fortnight’s Stages for Change interview, TXF’s Eavie Burnett speaks with Nedbank’s Mbali Kubheka on her growing career in export finance and the capacity it gives her to make real change
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.
Ahead of TXF Global in Madrid next week, Max Thompson takes a look at the increased innovation and flexibility ECAs are showing around the structure of export credits in Africa, particularly covering the 15% down payment financing traditionally needed for ECA-backed deals. And there is room for further development of the ECA product offering.
“At the moment, there's still a traditional bias related to a lot of jobs in the commodities industry, and we need to break this, in terms of gender as well as diversity in general”. In this fortnight’s Stages for Change instalment, TXF’s Aife Howse speaks to Gunvor’s Elsa Pernot on what more could be done to even out industry inequality within the commodity trading sector.
The TXF Global Commodity Trade Finance Industry Report 2021, which offers an independent, comprehensive, and unique exploration of some of the key trends in the industry over the past year, is to be released next week. From concerns over secondary trader on-lending to an uptick in structured finance, here are some of the hot takes.
6 October 2021, 14:00 BST. Register now for this exclusive TXF TV webinar, sponsored by Nedbank CIB, in which we take a look at the African ECA export finance market through a data lens.
Sullivan's Geoff Wynne, Mark Norris and Jacqueline Cook present the September trade and export finance seminar.
6 October 2021, 14:00 BST. Register now for this exclusive TXF TV webinar, sponsored by Nedbank CIB, in which we take a look at the African ECA export finance market through a data lens.
In this week’s edition of the Stages for Change series, TXF’s Eavie Burnett speaks with Johanna Wissing about her extensive international career in trade, and the work that needs to be done to nurture junior talent through this pivotal moment in history
Each week, we're bringing you the latest headlines from trade, export, and commodities finance via the TXF Newsdesk
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.
How is export finance remodelling itself for a sustainable future? Join this one day virtual event and hear from its key ECA providers and corporate stakeholders.
We're reuniting the Americas structured trade and export finance community in Miami! Deal making ahoy! Don't miss this much awaited comeback.
The industry is returning to Dubai in-person! Join this senior-level, event in-person or online as we examine greater export and project finance collaboration between Africa and the Middle East
The destination for African commodity finance! A unique opportunity to come together with deal makers across this exciting region for virtual networking opportunities second to none!
After 3 years away our global commodity finance event returns to Amsterdam! The leading conference in the industry is set to take your breath away as we set sail for two days of world-class networking
We’re taking the global export roadshow to Lisbon! Join us on the 7th & 8th June 2022 for another unmissable hybrid event. Deal makers from across the globe are already lining up to save their spot...
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...