Structured Trade & Commodity Finance

Logo Euromoney Training

Need more information? Get more details on the site of the provider.

Starting dates and places

There are no known starting dates for this product.

Description

This Euromoney Training course is designed for professionals specialising in risk management and the financing of the physical flows of commodities. With a special focus on emerging markets, the programme will use a combination of presentations and practical examples to emphasise the key learning points and to help you gain a comprehensive understanding of both the structured trade and commodity finance sectors. How will this course assist you? On completion of this 4-day practical skills-based programme you will gain: A comprehensive understanding of the structured approach to trade finance. A focus on considerations relating to emerging market trade finance. A view of risk and commercial p…

Read the complete description

Frequently asked questions

There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.

Didn't find what you were looking for? See also: Commodities, Business Finance, Balance Sheet, Performing Arts, and BTEC Level 2 & BTEC First.

This Euromoney Training course is designed for professionals specialising in risk management and the financing of the physical flows of commodities. With a special focus on emerging markets, the programme will use a combination of presentations and practical examples to emphasise the key learning points and to help you gain a comprehensive understanding of both the structured trade and commodity finance sectors. How will this course assist you? On completion of this 4-day practical skills-based programme you will gain: A comprehensive understanding of the structured approach to trade finance. A focus on considerations relating to emerging market trade finance. A view of risk and commercial priorities from the perspective of a borrower as well as that of a lender. Highly practical exposure to structured commodity trade finance. Who should attend? Designed for all those who wish to learn how to analyse and structure trade and commodity finance, we highly recommend the following market professionals attend this course: Trade Finance & Treasury professionals Commercial and Merchant Bankers International Traders Risk Managers
Day 1 Emerging markets Risks in international trade as they apply to emerging markets Political risk Performance and operational risks Credit and bank risks Price risk Illegality of contracts Document of title Case studies: set in China, Indonesia, USA and Eastern Europe Financing trade in challenging markets Commodity trading – markets and players Evolution of the trader’s business model Structured trade finance and the value chain Risk analysis of a commodity finance transaction Case study: real-life illustration of coffee export from Vietnam Case study exercise: risk analysis of a pre-finance business proposition set in Africa Other considerations Implications of Basel Capital Accord Rationale for the ‘structured' approach to trade finance Characteristics of good collateral Day 2 Contracts and documentation Key documentation considerations Transport documents Documents representing goods Title, negotiability and endorsements Documents of Title Incoterms Charter-party contracts Obligations of shipper / charterer and vessel owner Loading and discharge of cargo Case study: set in Australia and Latin America Risk considerations for pre-finance Pre-export Application of Green Clause credits Risks relating to grower / producer finance. Valuing producer risk Ownership of the commodity / asset Licenses, export quotas, foreign currency controls Case study: real-life illustration of financing a metal smelter in Brazil, CIS Risk considerations for post-finance Pre-payment Application of Red Clause credits Limited recourse Absence of obligation to reimburse upon failure to deliver Difference between pre-financing and pre-payment Case study exercise: prepayment finance transaction involving a US-based multinational Day 3 Structured finance Warehousing considerations What is an asset-backed structure? The business case for warehousing Problems with pledges over inventory stocks, physical dispossession Legal infrastructure required to support warehouse receipt finance Is a WH receipt a title document or only evidence of receipt? Case study: real-life illustration about distribution of corn in Saudi Arabia Financing issues with warehousing Warehouse receipts finance WRF structures Raising finance again st warehouse receipts backed securities Case study: real-life illustration of wheat and cotton exports from Central Asia Collateral management Collateral Management Agreement (CMA) Liability of collateral managers Negotiating CMA documents CMA components Review of a CM Agreement Mishaps in collateral management arrangements Case study: real-life illustration involving sugar cargoes in Benin and Indonesia. Tolling finance Performance and country risks Causes leading to non-delivery by processor Security interests of financier Insurance solutions Case study: real-life illustration of oil refinery finance in South Korea Day 4 Alternative financing Types of other financing structures Other financing structures Switch Clearing currencies and escrow account Receivables-backed finance. Case study exercise: real-life illustraton set in China, Russia and a developing country Insurance issues Principles of marine insurance ICC A/B/C, contingency cover Security over insurances (assignment vs. loss payee) Why do banks need political risk insurance cover? Contract frustration Confiscation of assets Credit insurance Covering risk of default in payment by buyer Legal traps Breach of warranty Failure to act as if you were uninsured Price risks Price risk management in commodity trade Price discovery exchange Traded versus OTC Link between cash and futures markets Understanding contracts to hedge Benefits / advantages for the customer and the bank Case study exercise: energy / agri products Course summary and close
There are no reviews yet.

Share your review

Do you have experience with this course? Submit your review and help other people make the right choice. As a thank you for your effort we will donate £1.- to Stichting Edukans.

There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.