COURSE 

FINANCING OF COMMODITY TRADING ON A TRANSACTIONAL BASIS

May 14th 2019, 09:00-17:00

Venue: Villa Sassa Hotel, Via Tesserete 10, 6900 Lugano

LECTURER: FABIANO MANFREDI

Presentation

From metals and coal to soft commodities, it is important to use the appropriate instrument to finance commodity trading operations. There are various types of financing solutions such as balance sheet lending, borrowing base and transactional financing. Among these, the transactional financing is certainly very used by trading companies and banks. This topic will be the object of the seminar focusing on main principles, risks and advantages, structuring and financing a single transaction and comparison with other types of financing.

Schedule

09.00-12.00 / 13.30-17.00 (lunch included in the course fee)


Course contents

  • Brief introduction to commodity trade finance
  • Main types of financing (balance sheet lending, borrowing base and transactional financing)
  • Why banks have developed the transactional financing & short history
  • Transactional financing: main principles (secured & self liquidating, duration and securities)
  • Presentation of the concept of sublimits & examples (structuring and financing a single transaction)
  • Typical risks
  • Advantages and challenges compared to other type of financing
  • Exercise: Structuring a credit line
  • Rating: Combination of client and transactional rating
  • Introduction to hedge financing


Lecturer

Fabiano Manfredi, Head of Commodity Trade Finance, Zürcher Kantonalbank

Course fee

  • LCTA Members CHF 390

  • Non LCTA Members CHF 490

Registration

If a participant cannot attend the course, it is possible to be substituted by another person. If the absence is not notified within 5 days from the course, 30% of the fee will be withheld as part of administration costs. No notification at all will imply that the course fee will remain due to full payment, despite the non-attendance of the delegate.

Online registration by May 8th

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