• ASSOCIATE SPONSOR
    www.cmtevents.com/eventsponsorship.aspx?ev=141139&name=Warehouse,-Cargo-&-Structured-Commodity-Finance&
  • Promotion Partner
    www.commodities-now.com
  • Promotion Partner
    www.thepaypers.com
  • Promotion Partner
    www.indonesialogisticsonline.com
  • Promotion Partner
    www.creditinsurancenews.co.uk
  • Promotion Partner
    www.indiaexportnews.com
  • Promotion Partner
    www.asiatoday.com
  • Promotion Partner
    www.asiatoday.com
  • Promotion Partner
    www.banking1.com
  • Promotion Partner
    www.asiabriefing.com/
  • Promotion Partner
    www.abdas.org
  • Promotion Partner
    www.afrotrade.net
  • Promotion Partner
    www.buildmartafrica.com
Be a Host

Warehouse, Cargo & Structured Commodity Finance

12-13 Nov, 2014 - Singapore, SINGAPORE

Novotel Singapore Clarke Quay

PLEASE CLICK HERE to view upcoming event. Information here is outdated

"Financing and mitigating risks for commodity cargoes in transit or in store in Asia, Africa & Europe"

 

There is heightened competition in the commodity trade finance sector, given a continuous growth in commodity trade flows into Asia along with banking regulations. All of this is boosting the increased use of structured inventory financing in the region that is further driving the traditional commodity financiers to make a comeback even as newer Asian entrants make headway.

 

In recent years there have been a number of problems with frauds using warehouse receipts and inventory finance, and most recently the Qingdao scandal resulting in hundreds of millions dollar losses, affecting a number of large international banks and also a major international trading house.

 

This conference – a first in Asia, especially timed after the Qingdao scandal covers areas such as collateral management, warehouse receipts and related issues. Leading structured commodity trade financiers share key insights on how banks facing huge challenges in financing commodities in warehouses or in-transit can mitigate fraud risks.

 

Key Highlights

  • Latest techniques and innovations in Warehouse Finance and Collateral Management
  • Current Warehouse Finance issues in China: Answers to ‘what went wrong?’
  • Best Practices of Reliable Risk Assessment along the Supply Chain: How to avoid risks?
  • Strategizing Effective Inventory Management: Understand risks in a credit context
  • Risk Mitigation in Collateral Control Structures within Commodity Trade Transactions
  • Political and Credit Risks in Current Commodity Trade & Finance Markets

 

 
Confirmed Speakers
  • Dan Day-Robinson, Executive Director
    Swiss Futures & Options Association
  • John MacNamara, Global Head
    of Structured Trade Finance
    Deutsche Bank AG
  • Mr. William Shaw, Managing Director
    Texel Asia Pte Limited
  • Mr. Willem Klaassens, CFO
    Clearsource Pte Ltd
  • Vincent Lecadre, Chief Financial Officer, Asia
    Socar Trading
  • Mr. Nick Brown, Head of Inventory & Structuring
    - Structured Trade Finance
    Australia & New Zealand Banking Group
  • Julien Moreau-Pernet, Head
    of Structured Inventory Finance Asia
    ECT Commodities (inviting)
  • Andre Soumah, Chairman
    ACE Group -Audit Control & Expertise SA
  • Steve Capon, Regional Manager, Political Risks & Credit, Asia Pacific
    ACE Group
  • Mr. Chris Sturgess, Director
    JSE Limited
  • Makiko Toyoda, Product Lead, Global Warehouse Finance Program
    International Finance Corporation (IFC)
  • Mr. Jean Saint-Geours, Economist,
    Trade and Competitiveness
    International Finance Corporation (IFC)
  • Dr.Yasmin Saadat, Product Lead - Structured Trade Finance, Global Trade & Supply Chain Solution
    International Finance Corporation (IFC)
  • Aleksandr Belozertsev, President
    Alexandra Inc
  • Ms.Elena Egorova, Head of Projects
    Drum Commodities
  • Mr.William Shaw, Managing Director
    Texel Asia Pte Limited
  • Matthew Cox, Partner
    Dentons

 

All of the above leading structured commodity trade financiers and global speakers will give their expert insights and identify ways to overcome challenges related to collateral risks as well as help you uncover risk mitigation solutions.


You should think about attending if you are trade financiers, structured trade finance professionals, commodity trading firms, risk managers, collateral managers, professional advisers, lawyers & service firms.

 

Post Conference Workshop

WHAT COULD POSSIBLY GO WRONG IN INVENTORY FINANCE?

13 November, 2014 | 14.30 – 17.30

 

This half day post conference workshop will provide a comprehensive perspective on the following key aspects of inventory and commodity trade finance:

  • Legal briefing: title, security, pledge in detail
  • Overcoming legal obstacles up-country
  • Case study: what can go wrong with an SCTF transaction
  • Case study: a warehouse receipts fraud
 

The workshop will be led by:

  • Dan Day-Robinson, Vice-Chairman, Swiss Futures & Options Association
  • John MacNamara, Global Head, Structured Commodity Trade Finance, Deutsche Bank
  • Matthew Cox, Partner, Dentons

 

Industry News Who Should Attend Be a Sponsor or Exhibitor!

 

Qingdao warehouse receipts scandal involves 400,000 tonnes of material, port says

 

Qingdao fallout drags on Chilean cathode shipments to China

 

Citic Resources unit faces legal action over metals at Qingdao

 

Qingdao Port sued by Pacorini, named in ABN Amro suit against Citic

 

Legal fight chills China metal trade after port fraud probe

 

Singapore banks worry about metal financing scam in China

 

Commodity finance being done by Trading Houses

 

Forward Markets Commission working on single clearance for commodity exchanges

 

 

 

  • Trade financiers
  • Structured trade finance professionals
  • Commodity Trading firms
  • Risk managers
  • Collateral managers
  • Professional advisers
  • Lawyers & service firms

This event is an excellent platform to promote your organization to influential players and investors in the industry. Sponsorship opportunities available include Corporate, Exclusive luncheon & Cocktail sponsor.

 

Exhibition / catalogue display can be arranged upon request. Contact cynthia@cmtsp.com.sg or (65) 63469147

News Feed

Qingdao case could entail long legal battle in China

Posted on : 24 Oct, 2014

 

Among the many banks launching legal action, following the Qingdao case in China, is HSBC. The bank is starting a probe into Decheng Mining, the firm caught in the eye of the allegations, to find whether it used fake warehouse receipts to obtain multiple loans.


An estimated $900 million exposure involves banks and trading houses in this suspected metal financing fraud in China. It is expected that the legal battle will be dragged over years and there are fears that it will hinder the recovery in metal trade.


Those in the commodity financing business will have to introduce newer and better controls on lending requirements to ensure their future is not effected.


The scandal is also expected to negatively impact the commodity financing market and it is said that there might be reduced lending on metal collateral in the next six to twelve months.


It's reported that China's imports of refined copper, which is most widely used metal in financing, fell 8 percent in June from a year earlier to hit a 13-month low as banks reduced lending for metals imports following the probe.


Further the lawsuits will drag for years as there are multiple claimants over cross-country jurisdictions. Plus it also involves state-owned entities and a separate corruption probe on Chen Jihong, the chairman of Decheng's parent firm.


As China recognizes international arbitration awards, a recoup of losses with the help of arbitration is possible. But that too takes at least two to three years.

It's still unclear how the full financial impact of the Qingdao case will impact the commodity financing market. But publicly traded banks and trading firms have been forced to disclose potential losses. Some of these such as HSBC, Standard Chartered, Citi, Standard Bank , Mercuria Energy Trading and Citic Resources have more than $880 million of exposure.


More on impact of the Qingdao case and the risks of commodity financing will be discussed at the Warehouse, Cargo & Structured Commodity Finance summit on 12-13 November, 2014 in Singapore.


Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147.


Read more>>>


Amid huge Singapore-based competition in commodity finance, solutions are sought to mitigate risks of inventory finance

Posted on : 02 Sep, 2014

 

There is heightened competition in Singapore's commodity trade finance sector, given a continuous growth in commodity trade flows into Asia along with banking regulations. All of this is boosting the increased use of structured inventory financing in the region that is further driving the traditional commodity financiers to make a comeback even as newer Asian entrants make headway.

 

Commodity finance has been largely dominated by large European commercial banks in the past. However, post European sovereign debt crisis in 2011, which led many European banks to rein in their lending, new entrants such as DBS Group and more recently, China's ICBC, Bank of China and China Construction Bank have forayed into the commodity trade financing business.

 

Meanwhile European banks are also making a comeback and trying to capture the future growth in Asia. For instance, ABN Amro and Rabobank have already commenced their dedicated structured inventory financing desks in Singapore in the second half of 2013.

 

Stuart Smith, Deutsche Bank's head of commodities in Asia "estimates that the inventory market is growing at between 5-10 per cent a year, and that there is US$15-20 billion of such financing at any one time."

 

Commodity inventory financing includes traders who pledge a warehouse receipt for a secured loan as well as repurchasing transaction where the 'bank takes over the ownership of commodities for a short period of time'.

 

The latter - the 'ownership model' has become very popular because of the benefits it presents to both the client and the bank. This model increases bank's security as well as requires allocation of less capital under regulatory requirements and allows optimization of capital allocation while offering alternative financing. Further, ownership of goods also helps banks to stay clear of legal complications. The new ABN Amro desk adopts this ownership model by using a special purpose vehicle.

 

From a commodity trader's vantage point, the ownership model ensures just-in-time delivery, better management of balance sheet and access to more liquidity.

 

Further, it also helps to reduce the cost of the loan by between 10-50%. This is particularly true for smaller trading firms that have lower credit rating with banks. However, in recent years there have been a number of problems with frauds using warehouse receipts and inventory finance, and most recently the Qingdao scandal, indicates losses of hundreds of millions of dollars, affecting a number of large international banks and also a major international trading house.

 

More on the usefulness of the structures and the potential for fraud and how to mitigate risks, as well as wider commodity finance themes will be discussed at Warehouse, Cargo & Structured Commodity Finance conference opening on 12-13 November, 2014 in Singapore.

 

Contact Ms. Grace at grace@cmtsp.com.sg or call + 65 6346 9147 for more details.

 

Read more>>>


Fee Info

Share this page on

Speaker Profile

Mr. Steve Capon
Regional Manager, Political Risks & Credit, Asia Pacific, ACE Group
SPEAKER TOPIC
Trade Credit & Political Risk in Asia
Day 1 [Wed 12, November], at 02:35 PM
Steve has a Masters in Modern History with Middle Eastern Politics from St Andrews University. He has over 25 years experience in banking and insurance of which he has spent 20 specifically doing Emerging Markets related trade and investment. Steve has experience across a wide range of industry sectors. He has been with ACE since 2002 and is Regional Manager for Asia-Pacific and global Head of Country & Credit Risk Management for Political Risks & Credit, AGM.....
Read more
Mr. Chris Sturgess
Director, JSE Limited
SPEAKER TOPIC
Developments in Africa
Day 1 [Wed 12, November], at 03:45 PM
.Chris joined the South African Agricultural Derivatives Market known as SAFEX while it was still in its infancy stage back in 1997. Since then he has been part of a small dedicated team that has focused on the growth and development of the agricultural derivatives market. This has provided an opportunity to specialize in all spheres of the exchange business, from tradi....
Read more
Ms. Makiko Toyoda
Product Lead, Global Warehouse Finance Program, International Finance Corporation (IFC)
SPEAKER TOPIC
Financing farmers in Africa
Day 1 [Wed 12, November], at 04:20 PM

.Makiko Toyoda is the Product Lead for the Global Warehouse Finance Program (GWFP) under Trade and Supply Chain Department at International Finance Corporation (IFC), the World Bank Group, based in Washington, DC. She currently manages a US$500 million GWFP program which is an emerging markets program for commodity finance transactions with a particular focus on wareh....
Read more


Day 2 [Thu 13, November], at 02:00 PM
Dr. Aleksandr Belozertsev
President, Alexandra Inc
SPEAKER TOPIC
Warehouse receipts financing in Eastern Europe and Central Asia
Day 2 [Thu 13, November], at 09:05 AM

.Dr. Alexander A.Belozertsev graduated from the University in Moscow, USSR (1980). He received his Ph.D. in Agricultural Economics from the Moscow Agricultural Academy named by K. Timirjazev in 1986, and worked for the Council of Ministers of the USSR from 1989 till 1992.

 

He spent more than one year at the Chicago Board of Trade (CBOT) and the Chicago....
Read more