Commodity Repo and Warehouse Receipt Financing (confirmed)

Programme Code: CRS-N-0045965 | This module is part of SMU Executive Certificate in Structured Trade & Commodity Finance

Overview

What Could Go Wrong - Lessons from Qingdao Warehouse Financing Deal

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 Commodity Repo & Warehouse Receipt Financing workshop examines the key considerations in warehouse receipt financing and commodity repo arrangement. 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 On01 Sep 2018 (Sat) See Full Schedule
Fee SGD1071.00* (as low as SGD121.00* after maximum funding) Learn more
Duration

1 day

Level
Intermediate
Venue

Singapore Management University

Learning Objectives
  • Learn the structure of warehouse receipt financing

  • Understand commodity repo arrangement

  • Identify salient issues of debt structure

  • Know the risk exposure and documentation requirements

  • Gain insights from case discussion

Topics/Structure

Warehouse Receipt Financing

  • Structure & characteristics

  • Salient issues

  • Risk considerations

  • Case discussion

Repo Arrangement

  • Structure & characteristics

  • Benefits of commodity ownership in Repo

  • Salient issues

  • Documents and key clauses

  • Case discussion

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.

Fees and Funding

 International ParticipantsSingapore Citizens1Singapore PRsEnhanced Training Support for SMEs4
21 to 39 years old40 years or older2Eligible for WTS3≥21 years old
Full Programme FeeS$1,000S$1,000S$1,000S$1,000S$1,000S$1,000
Less: SSG Grant Amount-(S$700)(S$700)(S$700)(S$700)(S$700)
Nett Programme FeeS$1,000S$300S$300S$300S$300S$300
7% GST on Nett Programme FeeS$70S$21S$21S$21S$21S$21
Total Nett Programme Fee Payable, Including GSTS$1,070S$321S$321S$321S$321S$321
Less Additional Funding if Eligible Under Various Schemes--(S$200)(S$250)-(S$200)
Total Nett Programme Fee Payable, Including GST, after additional funding from the various funding schemesS$1,070S$321S$121  S$71   S$321S$121

1 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.

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

3 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.

4 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.

5 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

Schedule

Start Date(s)
Intake Information

Date: 1 Sep 2018

Program is held from 9am - 5pm

Speaker/Trainer Bio

Angela Wei

Angela Wei has over 18 years of experience in banks and commodity trading companies in London and Singapore. She was with Commerzbank AG, London from 1999 to 2006, responsible for structured trade and commodity finance transactions for emerging market in Africa, Middle East and the former Soviet Union. She became the Deputy Head and Director of Financial Consulting and Structuring in 2006. In 2009, she moved to Singapore to join ANZ Bank, where she helped build up the structured trade finance business for a broad range of commodities in South and South East Asia markets.

Angela moved to Cargill Singapore in 2011 as the Director of Asia Structuring for its Trade and Structured Finance business. She joined Bank of China in 2015 as Head of the Commodity Business Unit. Angela has an MBA from Imperial College and a degree in Economics & Law.

Policies

Share this module