‘You can’t model for criminality’: Assessing the commodity trade finance sector’s response to heightened fraud risk

Events / 14-06-21 / Share Link

High profile commodity trade frauds have rocked the global sector, with leading lenders reducing exposure to or exiting the CTF market. Those remaining face increased operational demands, with more stringent monitoring and due diligence processes resulting in increased transaction costs.

In this session from GTR East Africa 2021 Virtual. Zhann Meyer (Head, Agricultural Commodities, Nedbank), Dheerie Govender (Chief Executive Officer, Global Collateral Control (GCC)), Anish Jain (Chief Treasury Officer, ETG), Wouter Kool (Head, Trade & Commodity Finance, Africa, Rabobank), and Raj Uttamchandani (Executive Director, Trade Finance Market) assess the steps taken by lenders and collateral managers to mitigate fraud risk, the role that can be played by commodity insurance, and the extent to which available digital technology is capable of restoring confidence, transparency and efficiency in the commodity trade finance sector.