Learn from banking and trading veterans practical considerations in structuring agricultural, oil and metal commodities financing. Gain insights from case discussions on pitfalls and risk mitigation. 

The global economic slowdown has dampened demand for commodities, triggering a downtrend in commodity prices. In the wake of the recent plunge in oil prices and the saga unfolding in the Qingdao Port scandal, many players faces potentially huge losses. 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 control their risk exposures and ensure sustained profitability.

Participants will learn to construct financing structures, identify risk and formulate mitigation, be cognizant of the legal environment and documentary requirements. Curriculum has been refreshed and updated to focus on structures and cases to enhance market relevance. For program details, please click here: https://fti.smu.edu.sg/stcf-main

 
Who Should Attend

This course is highly recommended for the following professionals:

- Senior management in commercial lending, looking to expand into structured trade finance business;
- Relationship managers, corporate bankers who advise trading and commodity companies;
- Trade finance specialists, account and marketing managers who engage in structured trade financing;
- Commodity traders who are keen to learn the financing aspects of trades done;
- Corporate treasurers, finance directors in trading and commodity companies;
- Professionals in middle and back office of banks and corporate, in functions such as credit, risk, audit and operations, who are responsible for ensuring proper execution and risk management of trades.
 

Takeaways

The SMU Executive Certificate in Structured Trade & Commodity Finance course aims to equip participants with the practical skills to analyse, structure and present commodity financing proposals. This course adopts an industry-specific, case approach to real-life applications of various structures for financing agricultural commodities, oil and metals.

 

Certification

Upon successful completion of the assessment, candidates will be awarded the SMU Executive Certificate in Structured Trade & Commodity Finance.

Type of Course

Classroom

Category

Finance, Financial IT and Risk Management

Credit Units

 

Instructional Methods and Expectations

Lectures, Discussions, Exercises

Module Fees


SGD $7,500 (excluding GST)
10% group discount for signups of 3 participants and above. Contact SMUA-FS for details.

FTS Funding

The programme is recognised under the Financial Training Scheme (FTS) and is eligible for FTS claims subject to all eligibility criteria being met.

The FTS provides 50% funding for direct training costs subject to a cap of S$2,000 per participant per programme.

For FTS programmes commencing on and after 1 July 2016, Singapore Citizens aged 40 years old and above are eligible for 90% co-funding of direct trainig costs, subject to a cap of S$2,000 per participant per programme.

Please note that in no way does this represent an endorsement of the quality of the training provider and programme. Participants are advised to assess the suitability of the programme and its relevance to participants’ business activities or job roles. For more information refer to www.ibf.org.sg/programmes/Pages/IBF-FTS.aspx

Union Training Assistance Program (UTAP)

NTUC members are eligible for UTAP funding at 50% of the unfunded course fee capped at $250 every year. For application, terms and conditions, please click here.


IBF-STS Funding

IBF-STS Funding of 70% is available to eligible institutions and qualified individuals subject to a cap of S$7,000 per participant per programme. Singapore Citizens aged 40 years old and above are eligible for 90% co-funding
of direct training costs, subject to the existing grant caps. For terms and conditions, please click here: https://www.ibf.org.sg/programmes/Pages/IBF-STS.aspx


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 visit http://www.skillsfuture.sg/ for the User Guide on how to claim for
SkillsFuture Credit. Claim should be submitted via http://www.skillsfuture.sg/credit..
 

Prerequisites

This is an advanced level course targeted at professionals specializing in marketing, trading, financing and risk management of commodities trading.

Participants are expected to have some working knowledge of traditional trade finance products such as Incoterms, shipping documentations, collections, different types of letters of credit, guarantees etc.

Course Dates

1 Apr - 20 May

Classes held on Sats from 9am – 4pm

Angela Wei


Angela Wei has over 18 years experience in banks and commodity trading companies. She held senior management roles with Commerzbank and ANZ Bank before moving to Cargill Singapore as the Director of Asia Structuring for its Trade and Structured Finance business. She recently joined Bank of China as Head of the Commodity Business Unit. Angela has an MBA from Imperial College and a degree in Economics & Law.


Bernadette Cenzon


Bernadette Cenzon 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.

Ms Cenzon currently runs 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.

John Driscoll


John Driscoll has deep expertise with over 40 years’ experience in the energy sector, specialising in trading and risk management strategies of oil and petroleum products. He held senior roles with companies such as Mobil Asia, Argus Media and GS Caltex before moving to providing training and consultancy services for industry clients and academic institutions.

Mihir Taparia


Mihir Taparia is a senior executive with over 35 years’ of financial, commercial and corporate development experience. The last 25 years was spent in South East Asia with PT Trans-Pacific Petrochemical Indotama and Gulf Canada, where he was involved in the development, financing and structuring of mega greenfield projects in Indonesia in the energy space. He also advised on the listing of an Indonesian coal mine on SGX Catalist in 2014 and was Independent Director of the listed entity, Resources Prima Group Limited, for fifteen months before establishing his corporate finance firm in Singapore for advising companies on their corporate development initiatives including corporate restructuring, fundraising and M&A activities.

Mr Taparia is UK qualified Chartered Accountant and is an Associate member of the Institute of Chartered Accountants in Alberta, Canada.

Poon Churn-Yuen


Poon Churn-Yuen is a senior risk and trade finance professional, specializing in commodities. He has over 18 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 2011, he established his own consultancy firm that focus on advisory services on commodity finance for Asia-based clients in metals, energy and petroleum products.

Since 2000, Mr Poon has been facilitating training for in-house training and public seminars.

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.

Mr Yong has been an adjunct lecturer 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 for banking and finance professionals.