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SMU Executive Certificate in Structured Trade & Commodity Finance

Curriculum

Module 1.1: Building Blocks of Structured Trade & Commodity Finance

  • Overview of structured trade & commodity financing
  • Risk assessment & management
  • Credit assessment & enhancements
  • Legal documents, opinion & security interest
  • Standard term sheet

Module 1.2: Prepayment Financing

  • Structure & characteristics of prepayment financing structures
  • Transaction flow – goods, documents & parties involved
  • Transaction economics & repayment mechanism
  • Commercial contracts, security & other documentation
  • Case studies 

Module 2: Transactional Financing of Bulk Commodities

  • Overview of commodities market
  • Trade documentation related carriages of bulk commodities by sea
  • Transaction financing of dry bulk commodities
  • Transaction financing of crude oil & petroleum products
  • Case studies

Module 3: Borrowing Based & Export Receivable Financing

  • Structure & characteristics of borrowing based facilities
  • Key credit considerations – collaterals & insurance
  • Forms of borrowing base certificates
  • Advance ratios & mark-to-market techniques
  • Case studies

Module 4: Reserve Based Lending & Tolling Finance

  • Structural elements of reserve base lending
  • Key considerations for reserve base facilities
  • Tolling framework & arrangements
  • Trader vs. refinery economics
  • Case studies

Module 5: Commodity Repo & Warehouse Receipt Financing

  • Structure of repo arrangement
  • Benefit of commodity ownership
  • Warehouse receipt financing structure
  • Key consideration & documentation
  • Case studies

Module 6: Trade Credit Insurance

  • Trade credit insurance (TCI) – products, risks & usage
  • Insurance Act 2015 & implications for TCI contract
  • Salient features of TCI policies
  • Market for single risk business
  • Case studies

Last updated on 01 Feb 2018 .