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 Borrowing Base Financing & Export Receivable Financing workshop examines the key considerations in structuring borrowing base facilities, with special focus on export receivable financing. 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 Third 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 Soft Commodities

  • Grains

  • Oilseed products

  • Beverages

 

Structuring Borrowing Base Facilities

  • Structure and characteristics

  • Key considerations

  • Form of borrowing base certificates

  • Collateral control & monitoring

  • Physical supply chain

  • Case discussion

 

Export Receivable Financing

  • Types of export receivable financing

  • Legal, documentary & operational requirements

  • Use of trade credit insurance

  • Credit protection & liquidity

  • Current market trends

  • Case studies

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

28 Apr 2018
Sat 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

Poon Churn-Yuen

Poon Churn-Yuen is a senior risk and trade finance professional, specializing in commodities. He has over 20 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 2014, Churn-Yuen joined COFCO International as the Regional Treasurer for Asia Pacific region.

In 2011, Churn-Yuen established his own consultancy firm to provide advisory services that focus on commodity finance for Asia-based clients in metals, energy and petroleum products. Churn-Yuen has been facilitating training for in-house training and public seminars since 2000.