Building Blocks of Structured Trade & Commodity Finance

Programme Code: CRS-N-0045970 (Funding Validity Period: 13 Apr 2018 - 30 Sep 2020) | This module is part of SMU Executive Certificate in Structured Trade & Commodity Finance

Overview

Understanding Financing of Commodity Trading

Recent high profile fraud cases highlight 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 Building Blocks of Structured Trade & Commodity Finance workshop aims to provide the foundational knowledge for professionals looking to deepen their expertise in financing commodity trades. 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 On15 Feb 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
  • Understanding the nuances of commodity financing
  • Learn the core financing structures and their applications
  • Identify risk factors and mitigations
  • Know the legal documents and security interests
  • Gain insights from case discussion

Topics/Structure

Building Blocks of STCF

  • Understanding international trade

  • Carriage of goods by sea

  • Fundamentals of risk insurance

  • Lending to commodity trading companies

Prepayment Financing

  • Structure and characteristics

  • Transaction flow

  • Transaction economics & repayment mechanism

  • Commercial contracts, security & other documents

  • Case discussion

An Overview of Structured Trade & Commodity Financing (STCF)

  • Traditional versus structured trade financing

  • Core financing structures

  • Risk identification

  • Credit enhancements

  • Legal documents

  • Security, Collaterals & Covenants

  • Standard term sheet

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

Learning Activities

Classroom Training.

The program is delivered using a combination of lectures, case studies and group presentations.

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

15 Feb 2019

Program is held from 9am - 6pm

Speaker/Trainer Bio

Bernadette Cenzon

Bernadette was involved in structuring and financing of commodity trade transactions since 1987. In a banking career that spanned over 20 years, she held various senior management and advisory positions for European banks such as Natixis Banque, Rabobank, Fortis and Credit Agricole Indosuez. She has extensive experience in setting up structured trade desks in Singapore and Hong Kong, as well as structuring cross border and syndicated deals in Asia.

Bernadette has her own trade finance consultancy firm, providing advisory services on structured trade finance. She has been engaged in professional training since 2003, conducting workshops and in-house training in Jakarta, Singapore, Malaysia, Bangkok, Mumbai, Shanghai and Hong Kong.

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