METALS TRADER

A CASE STUDY

metals

  • Funding amount requested from the company: $225 million 
  • Item: metals
  • Finance solutions: receivables purchase facility

A metals trader required a receivables finance facility for a book of their receivables/customers.

The group purchased commodities from Africa, the US, and Europe. The business then also sold to Europe. 

At the time the firm approached TFG, they were paying for product using existing company funds or taking capacity on existing banking lines. 

TFG raised a receivables finance facility for up to 120 days on each draw to support the book’s growth. 

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About the Author

Sheena is responsible for the TFG Weekly Trade Briefings at Trade Finance Global (TFG).

She loves the digitalisation of trade and is fascinated about its impact on day to day transactions.

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