|
Description of
"Structured Commodity Finance: Techniques and Applications for Successful Financing Arrangements"
Designed for arrangers and borrowers, this book is the first comprehensive and practical guide to the techniques of structured commodity finance transactions, such as export receivables-backed financing, prepayments, inventory financing and counter-trade - and its applications within the range of financing alternatives available to the commodity sector.
"I believe this book will find a comfortable place not only on the bookshelves of bankers and practitioners but also in the reading lists of courses offered to young bankers and finance managers." Nicholas Budd, Senior Partner, Commodity Trade & Finance Group, Denton Wilde Sapte, London.
Published in association with the United Nations Conference on Trade and Development, this book explains how structured commodity finance deals can be arranged to benefit from lower-cost, longer-tenor and more secured financing arrangements.
Starting with the fundamental tenets of trade and commodity finance, this book explains:
- How to identify, value and mitigate riks focusing on due diligence
- Letters of credit, forfaiting and factoring
- Structuring techniques including inventory financing, pre-export financing, prepayments and export receivables
- Third-party credit enhancement and its provision through insurance and guarantees to tackle market, credit and political risk
- Implications for structured commodity finance in Islamic banking
- Analysis of the market and service providers including private, governmental and multilateral organisations.
This book shows you how to deal with both market and political risk, including the use of insurance, guarantees and credit derivatives, together with an analysis of the market and providers of these services including private, governmental and multi-lateral organisations.
Contents of Structured Commodity Finance: Techniques and Applications for Successful Financing Arrangements
Part 1: Traditional Trade Finance
1: Building blocks of trade finance
2: More advanced instruments and techniques
3: Evolution of traditional trade finance
Part 2: Techniques
4: Structured inventory financing
5: Structured pre-export financing
6: Counter-trade
7: More complex strcutures
8: Due Diligence
10: Evaluation of structured commodity finance techniques
Part 3: Third-party credit enhancement
11: Insurance
12: Commodity price risk management
13: Guarantees
14: Providers of insurance and guarantees
Part 4: Applications
16: Financing needs of the commodity sector
17: Applicable commodities
18: Commercial partners
19: Debt from banks and the capital markets
20: Equity
21: Non-commercial sources of financing and support
22: Geographical Spread
23: Islamic Banking
24: Applications: conclusions
About the Author
Emmanuelle Moors is a senior financial engineer with Technip Italy SpA, which is part of Technip, a global engineering and construction company of about 18,000 employees world-wide, serving primarily the energy sector.
In 1990 Emmanuelle obtained and MBA (Honours) in Finance and International Business from the Leonard N. Stern School of Business at New York University, where she also worked as a fellow for the L.Glucksman Institute for Research in Securities Markets and as a research assistant in the accounting department. In 1986 she received her undergraduate degree in economics and finance from the Universite de Paris-IX Dauphine in Paris.
Emmanuelle started her banking career in 1987, gaining experience in both the front and back offices of the New York office of Credit Commercial de France. After graduating with her MBA, she moved to the City of London, where she joined the Africa group at Bankers Trust Company, widely recognised as one of the pioneers in structured commodity finance. In 1994 she moved to the Structured Commodity Finance Group of Standard Bank London. Prior to joining Technip Italy, Emmanuelle was also briefly involved as a finance consultant in developing a B2B market-place fo rthe food commodity sector in Russia.
Over the past decade Emmanuelle has also worked as a consultant and expert for UNCTAD, preparing various research papers and participating in several converences in the fields of price risk management and structured finance for the commodity sector. Between 1997 and 1999, Emmanuelle also served as a contributing editor to African Business (IC Publications), Africa's leading English language business magazine, writing the monthly finance section.
|
