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

Video

07 April 2026

Crisis in the Gulf: Sullivan & Worcester on trade under...

TXF speaks to Sullivan & Worcester partner Robert Parson about trade disputes, credit escalation and the flight to size as the crisis in the Gulf continues.

Linxon’s Reisacher on working with ECAs in challenging times

Interview

08 April 2026

Linxon’s Reisacher on working with ECAs in challenging times

Stefan Reisacher, CEO of EPC contractor Linxon, discusses how to work with ECAs in challenging conditions. Contractors need to improve communications with sub-suppliers - from...

Must See

KEXIM adapts to support the project cycle

Interview

02 April 2026

KEXIM adapts to support the project cycle

TXF spoke with Sang-Jin Ju, KEXIM’s executive director of project finance, to outline the ECA’s activity and how its adapting support to Korean EPCs in overseas PPP markets amid increased competition from Turkish, Chinese and Indian contractors.

Video

07 April 2026

Crisis in the Gulf: Sullivan & Worcester on trade under pressure

TXF speaks to Sullivan & Worcester partner Robert Parson about trade disputes, credit escalation and the flight to size as the crisis in the Gulf continues.

Interview

08 April 2026

Linxon’s Reisacher on working with ECAs in challenging times

Stefan Reisacher, CEO of EPC contractor Linxon, discusses how to work with ECAs in challenging conditions. Contractors need to improve communications with sub-suppliers - from bidding to investment decisions and beyond.