Impact of different lending rationales on the prospects of repayment; Typical structures; The acid test: Do structures work? Other cautionary tales; Documentation: Do's and don'ts; Conclusions; Information and where to find it; Glossary. About John MacNamara John Macnamara started work in a London commodity trading company in , where he specialised in Islamic trade finance before moving onto countertrade and prefinance.
He crossed the counter to banking in and was a mainstream corporate banker for a period before returning to trade finance. Previously he was Head of Structured Trade and Commodity Finance at Banco Santander Central Hispano BSCH in London, where he set up this product and was active in the structured trade finance market throughout the period of the emerging markets crisis in without a single loss on his portfolio.
During this period his department was merged with the in-house US-incorporated investment bank. This background has given him an unusual level of insight into commodity trading companies, commercial corporate banking and US-style investment banking, combined with long-term exposure to the emerging markets.
Production and delivery conditions determining contract outcomes. What can go wrong? Difference between pre-financing, pre-payment, and tolling structures. Performance and country risks. Ownership of the commodity asset. Licenses, export quotas. Protection against non-delivery by processor. Security interests of financier, subrogation. Insurance solutions. Applying hedging mechanism and monitoring the exposure. Understanding a Tri-Party Agreement.
Performance production, delivery. Country confiscation, embargo, currency etc.
Structured Trade and Commodity Finance in Emerging Markets: What Can Go Wrong and How to Avoid It
Corporate financials, cash flow, borrower, supplier, buyer, logistics etc. Review of key legal risks choice of jurisdiction, assignment etc. Loan set up post approval. Participation in syndicated facilities or Agency role responsibilities for structured deals.
TFG Exclusive: BCG, ICC and SWIFT Releases Digital Ecosystems in Trade Finance Report
Monitoring tools or systems. Workout situations soya in Indonesia, Fuel oil in Cyprus etc. How to control assets in remote locations? What value to give to such structures and inventory? How secure can it be? Borrowing Base: Are BB for every borrower? How should banks monitor borrowing base lending and value collateral? Repurchase Agreement: Is it the ideal inventory finance solution?
Session 9 — Technology Disruption Are new technological innovations changing the commodities landscape? Session 10 — Alternative Lenders Mapping of the alternative lenders. What do commodities funds provide? Are they useful? Do you have stock? Can you quote me?
Structured Trade and Commodity Finance Training | SINGFIN
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Structured trade and commodity finance
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