Sullivan: Using an IPU in Trade Receivables Transactions

Geoffrey Wynne

Partner at Sullivan & Worcester

Sullivan partner Geoff Wynne looks at various issues in connection with purchasing or taking security over receivables where they are evidenced or replaced by an IPU (Irrevocable/Independent Payment Undertaking), both for the purchaser and the provider of the IPU.

Interested in finding out more?

Ask the analyst

Reimagining trade, risk distribution and defence at ITFA Split

Perspective

25 September 2026

Reimagining trade, risk distribution and defence at ITFA...

At ITFA's annual trade finance event in Split, Croatia, trade finance banks and insurers say they are responding to evolving risk appetites in CEE and beyond. How risk is...

Glencore: Financing Korea's copper security

Perspective

02 October 2026

Glencore: Financing Korea's copper security

ECAs are increasingly turning to commodity traders to secure strategic raw materials. Korea Eximbank's recent $1 billion Glencore deal shows the attraction of financing an...

Must See

ECAs in Asia: Exploring frictions holding up ECA support

Video

26 August 2026

ECAs in Asia: Exploring frictions holding up ECA support

Ahead of Asia 2026, TXF gathered a handful of ECAs to outline why international ECA support still struggles to land in Asia — and where it is starting to work.

Perspective

25 September 2026

Reimagining trade, risk distribution and defence at ITFA Split

At ITFA's annual trade finance event in Split, Croatia, trade finance banks and insurers say they are responding to evolving risk appetites in CEE and beyond. How risk is being priced and distributed, particularly in challenging markets, is a constant preoccupation.

Perspective

02 October 2026

Glencore: Financing Korea's copper security

ECAs are increasingly turning to commodity traders to secure strategic raw materials. Korea Eximbank's recent $1 billion Glencore deal shows the attraction of financing an established supply network while new mines take years to develop.