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 Building Blocks of Structured Trade & Commodity Finance workshop aims to provide the foundational knowledge for professionals looking to deepen their competencies 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.


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

 

Programme Code

to be advised

Programme 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

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

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

Level of Proficiency

Intermediate

Assessment

An MCQ 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

19 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

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.