June, 10, 2020
June, 10, 2020
Like many other industries, the commodity finance sector is facing a period of unprecedented challenges in the face of the coronavirus pandemic, with the fragility of its supply chains having been laid bare and with record low pricing and warehousing concerns leaving traders and producers exposed.
Discussions provided an update on these developments and other key themes, from ongoing discussions around digitisation and sustainability to more recent concerns over fraud risk and best practice.
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Navigating through times of uncertainty
How are practitioners building resilience in their commodity management during these uncertain times? What tools can traders explore and leverage to prepare for business recovery and successfully adapt to a changing landscape? Is there enough liquidity to go round and how have those sources of liquidity changed?
Christine Mcwilliams, Global Head of Commodity & Energy Trade Finance, Citi
How is technology evolving to meet industry needs?
Is technology being leaned on even more as traders and banks seek greater supply chain transparency and efficiency improvements? Does the current climate provide greater pressure to speed up the time taken to process details and monitor the progress of transactions? Are there concerns over the availability of investor capital to drive the digital agenda?
Michiel Mannaerts, Partner, Treasury & Commodity Management, PwC
Souleïma Baddi, Chief Executive Officer, komgo
Frank Gouverne, COO & Co-Founder, Rice Exchange
Is a change of mindset needed in the assessing of commodity finance risk?
What have been the key fault lines exposed in the recent spate of insolvencies? Is there an overconcentration of bank liquidity in a small group of larger traders? Where are the cracks when it comes to monitoring and tracking inventory? Is the sector still overly reliance on outdated systems of documentation?
Nataliya Frolova, Independent Finance & Insurance Expert
Alexander Peters, Director of Finance & Administration, Arrow Metals
Closing panel discussion followed by Q&A
How is the financing landscape for commodities likely to evolve? Can the market move towards a more sustainable and inclusive ecosystem as part of a global economic ‘reboot’? Will the trend for greater automation and digitisation continue or be paused? Are we likely to see a new spate of regulations come into force in the cause of corporate restructuring and business continuity?
Sandra Primiero, Global Head of Structured Commodity Trade Finance, Deutsche Bank
Alexandre Dietz, Head of Global Trade & Receivables Finance Switzerland, HSBC
Christine is the Global Head of Commodity and Energy Trade Finance for Citi. She joined Citi in 2011 to establish the CTF business, after holding a variety of roles in commodities and energy, including on a commodity trading desk and in energy M&A. She is currently based in Houston.
Michiel is a Director in the Advisory Practice of PwC, where he leads the Geneva-based commodity trading consulting practice. He has extensive experience in transformation in the commodity trading and treasury space covering organisational change, processes improvement, and technological change.
Before founding blockchain-based commodity finance platform komgo, Souleïma served as Deputy Head of the trade and commodity finance team at Societe Generale based in Switzerland, where she led the bank's commodity blockchain initiatives, also serving as a board member of Vakt.
Frank has over 30 years’ experience as a leading global rice trader and platform architect. He previously held the role of Managing Director at Schepens & Co, the world's leading rice brokerage, before co-founding Swiss-based Novel Commodities, one of the world's largest rice traders.
Nataliya has over 20 years of industry experience, having performed various banking and corporate roles in international trade, cash management, syndications, corporate affairs, trade and corporate finance. She is a frequent speaker at international conferences and seminars.
Alexander is an executive director with 25 years of experience in financial leadership roles covering M&A, debt capital markets, trade and structured finance, corporate finance, financial reporting and commodity risk management, encompassing the oil and gas and metals and mining sectors.
Sandra is globally responsible for teams in Europe, Asia and the US to originate, structure and manage sound lending solutions for clients in the commodity industry. She has spent more than 25 years with Deutsche Bank, holding various roles and ensuring close cooperation with stakeholders.
Alex started his career in oil trading in Singapore back in 2002, before moving to Natixis in Paris. After this he hold positions at LITASCO and SOCAR, covering different roles in trade finance, trading and business development. He joined HSBC in Germany in 2016 before moving back to Zurich in 2018.
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The Data Protection Act 1998 described how organisations – including Exporta Publishing & Events Ltd – must collect, handle and store personal information. These rules apply regardless of whether data is stored electronically, on paper or on other materials. To comply with the law, personal information collected must be stored safely, not disclosed unlawfully and used fairly.
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Everyone who works for or with Exporta Publishing & Events Ltd has some responsibility for ensuring data is collected, stored and handled appropriately. Each team handling personal data must ensure that it is handled and processed in line with this policy and data protection principles. However, the following people have key areas of responsibility. The board of directors is ultimately responsible for ensuring that Exporta Publishing & Events Ltd meets its legal obligations.
Name of Data Controller
The Data Controller is Exporta Publishing & Events Ltd. Exporta Publishing & Events Ltd is subject to the UK Data Protection Act 1998 and is registered in the UK with the Information Commissioner`s Office.
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Exporta Publishing & Events Ltd allows you to challenge the data that we hold about you and, where appropriate in accordance with applicable laws, you may have your personal information:
In certain circumstances, the Data Protection Act allows personal data to be disclosed to law enforcement agencies without the consent of the data subject. Under these circumstances, Exporta Publishing & Events Ltd, will disclose requested data. However, the Data Controller will ensure the request is legitimate, seeking assistance from the board and from the company’s legal advisors where necessary.
We will occasionally update this Privacy Statement to reflect new legislation or industry practice, group company changes and customer feedback. We encourage you to review this Privacy Statement periodically to be informed of how we are protecting your personal data.
Exporta Publishing & Events Ltd aims to ensure that individuals are aware that their data is being processed, and that they understand.
To this end, the company has a privacy statement, setting out how data relating to individuals is used by the company. This is available on request and available on the company’s website.
We keep this Policy under regular review. This Privacy Statement was last updated in April 2018.