Borrowing Base Lending

Programme Code: CRS-N-0045968 (Funding Validity Period: 13 Apr 2018 - 30 Sep 2020) | This module is part of SMU Executive Certificate in Structured Trade & Commodity Finance

Overview

Financing Agri-commodities - A Buy Side Perspective

Recent high profile fraud cases highlights the challenges faced by financial institutions and trading houses in financing commodity trades. Given the diversity, complexity and substantial size of commodity trades, professionals involved in the commodity trading and financing value chain need to possess specialised knowledge to manage their risk exposures and avoid huge losses.

The Borrowing Base Financing workshop examines the key considerations in structuring borrowing base facilities, with special focus on Export Receivable Financing. Facilitated by industry veterans, this workshop adopts a case-study learning approach to share practical insights on market nuances, financing structures, pitfalls, risk mitigation and controls.

Next Course Starts On29 Mar 2019 (Fri) See Full Schedule
Fee SGD1070.00* (as low as SGD121.00* after maximum funding) Learn more
Duration

1 day

Level
Intermediate
Venue

Singapore Management University

Learning Objectives
  • Gain an overview on soft commodities
  • Learn to structure borrowing base facilities
  • Know the structure of export receivable financing
  • Use trade credit insurance for protection and liquidity
  • Gain insights from case discussion

Topics/Structure

Overview of Soft Commodities

  • Grains

  • Oilseed products

  • Beverages

Structuring Borrowing Base Facilities

  • Structure and characteristics

  • Key considerations

  • Form of borrowing base certificates

  • Collateral control & monitoring

  • Physical supply chain

  • Case discussion

Export Receivable Financing

  • Types of export receivable financing

  • Legal, documentary & operational requirements

  • Use of trade credit insurance

  • Credit protection & liquidity

  • Current market trends

  • Case studies

Who Should Attend

  • Senior management in corporate lending looking into structured trade finance business

  • Relationship managers and bankers who advise trading and commodity companies

  • Trade finance specialist, account/marketing managers 

  • Commodity traders who are keen to learn the financing aspects of commodity trades

  • Corporate treasurers, finance directors in trading and commodity companies

  • Professionals in middle office functions such as credit, risk, audit and operations, responsible for ensuring proper execution, management and financing of commodity trades

This is an advanced level course. Participants are required to have a good working knowledge of traditional trade financing such as Incoterms, trade documentations, documentary collection/credit and trade financing instruments such as bills of exchange, letters of credit, demand guarantees etc. Admission to the programme is subject to approval.

Assessment

Upon meeting the minimum attendance requirement and passing the assessment, participants will receive a Certificate of Completion.

Fees and Funding

Full Fee: S$1,070 per pax (incl GST)

Nett Fee payable after SkillsFuture Singapore (SSG) Funding:

  • S$321 (incl GST) for Singapore Citizens and Singapore Permanent Residents
  • S$121 (incl GST) for Singapore Citizens aged 40 years and above
  • S$121 (incl GST) for Singapore Citizens and Singapore Permanent Residents on Enhanced Training Support for SMEs (ETSS)
  • S$71 (incl GST) for Singaporeans on Workfare Training Support (WTS)

 

• All self-sponsored Singaporeans aged 25 and above can use their $500 SkillsFuture Credit to pay for the programme. Visit the SkillsFuture Credit website (www.skillsfuture.sg/credit) to select the programme.

• Mid-Career Enhanced Subsidy - Singaporeans aged 40 and above may enjoy subsidies up to 90% of the programme fee

• Workfare Training Support (WTS) - Singaporeans aged 35 and above (13 years and above for persons With disabilities) and earn not more than S$2,000 per month, may enjoy subsidies up to 95% of the programme fee.

Enhanced Training Support for SMEs (ETSS) - SME-sponsored employees (Singaporean Citizens and PRs) may enjoy subsidies up to 90% of the programme fee. For more information, visit www.ssg.gov.sg/programmes-and-initiatives/training/enhanced-training-support-for-smes.html.

Eligible organisations (excluding government entities) may apply for the absentee payroll funding via SkillsConnect at www.skillsconnect.gov.sg for Singaporean/permanent resident participants attending the programme during working hours. The absentee payroll funding is computed at 80% of hourly basic salary capped at $4.50 per hour or $7.50 per hour for SME or 95% of hourly basic salary for WTS. For more information, visit https://www.skillsconnect.gov.sg/sop/portal/e-Services/For%20Employers/AbsenteePayroll.jsp

 

Union Training Assistance Programme (UTAP)

All NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when signing up for courses supported under UTAP. For details on eligibility, terms and conditions, please click here

Schedule

Start Date(s)
Intake Information

29 Mar 2019 (Fri)

Program is held from 9am - 6pm

Speaker/Trainer Bio

Poon Churn-Yuen

Poon Churn-Yuen is a senior risk and trade finance professional, specializing in commodities. He has over 20 years of experience in credit, structured trade finance and risk management. He started his career in the banking industry before moving to the corporate sector in late 1999, where he held various management positions in BHP Billiton, Titan Petrochemicals and Chevron Texaco. In 2014, Churn-Yuen joined COFCO International as the Regional Treasurer for Asia Pacific region.

In 2011, Churn-Yuen established his own consultancy firm to provide advisory services that focus on commodity finance for Asia-based clients in metals, energy and petroleum products. Churn-Yuen has been facilitating training for in-house training and public seminars since 2000.

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