Professionals involved in the commodity trading and financing value chain need to possess specialised knowledge to manage their risk exposures and avoid huge losses.

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 Transaction Financing of Bulk Commodities workshop focuses on the commonly used transaction financing structure involving shipment sales of bulk commodities such as oil, metal and agricultural products. 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.

 

This is the Second of six modules leading to the SMU Executive Certificate in Structured Trade & Commodity Finance.

 

Programme Code

to be advised

Programme Objectives

  • Understand the commodity trade value chain

  • Learn the structure of shipment sales financing

  • Know the salient features of oil financing 

  • Identify risk factors and mitigations

  • Gain insights from 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

Topics

Overview of Commodities Market

  • Types & characteristics of bulk commodities

  • Bulk carriers & seaborne trade

  • Commodity value chain

 

Secured Shipment Sales Financing of Dry Bulk

  • Overview of metal & mining

  • Structure & characteristics

  • Key considerations

  • Case discussion

 

Secured Financing of Oil & Petroleum Products

  • Overview of crude & petroleum products

  • Salient features of oil financing

  • Sales & purchase agreement for oil

  • Key terms in sales & purchase agreement

  • Financing the purchase & sale of oil

  • Case discussion

Level of Proficiency

Intermediate

Assessment

An written assessment will be conducted at the end of the course.

Certification

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

Type of Course

Classroom

Category

Finance

Fees

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

 

SkillsFuture Singapore (SSG) Funding for Individuals:

  • S$321 (incl. GST) for Singapore Citizens and Singapore Permanent Residents
  • S$121 (incl. GST) for Singapore Citizens aged 40 years and above

Funding

SkillsFuture Series
Course fee grant at 70% of course fees (excl. GST) for participants who are successfully enrolled by SMU into approved courses under the Programme. Participants must be Singapore Citizens or Singapore Permanent Residents.


SkillsFuture Mid-Career Enhanced Subsidy ("MCES")
Up to 90% of course fees for Singapore Citizens aged 40 years and above


Enhanced Training Support for SMEs ("ETSS")
Up to 90% of course fees; and 80% of basic hourly salary capped at $7.50/hr for local employees of SMEs


SkillsFuture Credit
Singapore Citizens aged 25 and above, and self-funding may use their SkillsFuture Credit (up to S$500) to defray part of the course fee. Please click User Guide on how to submit your claim. SkillsFuture Credit claims may be submitted by logging in via MySkillsFuture.sg.

Prerequisites

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.  

Course dates

20 Apr 2018
Weekday 09:00 - 17:00

Contact Us

For enquiries, please contact Jaclyn Mah at 6828 0254 or email fti@smu.edu.sg

Programme Policies

Please click here for the programme policies, terms and conditions. 

Trainer's Biography

Yong Meng

Yong Meng was a veteran banker with a distinguished career spanning over 30 years. He started his career in commercial banking with UOB, before moving on to head up trade and commodity finance desks for European banks such as AMRO Bank, Rabobank and Fortis. He rejoined UOB in 2002, and was instrumental in building up the bank’s lead among the local banks in structured trade and commodity finance business. He retired from banking in 2008, but remains actively engaged in providing consultancy services to banks and trading houses.

Yong Meng has been lecturing at the Singapore Management University since 2008. Besides sharing his wealth of knowledge with the undergraduates, he is actively engaged in facilitating professional training on structured trade and commodity finance, as well as Professional Conversion Programme.