Trade and commodity finance

Trade and commodity finance guidance:

Asset-based lending (ABL) is mainstream finance in the US where it is a mature product in a mature market. It appeared in the UK in the 1990s and has been developing...

Practice Note

In the context of asset-based lending, a receivables financier will frequently take security over a company’s receivables (also known as debts) as security for monies...

Practice Note

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This will have an impact on the information in this Practice Note....

Practice Note

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This may have an impact on the information in Practice Note about...

Practice Note

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This will have an impact on the information in this Practice Note...

Practice Note

Bills of exchange are negotiable instruments that represent an unconditional promise by one party to pay another party, in accordance with the terms of that instrument....

Practice Note

A borrowing base facility ('BB Facility') is a working capital line designed to provide short term liquidity by way of advances or the issue of trade instruments...

Practice Note

What is a borrowing base facility? Borrowing base facilities ('BB Facilities') are a type of trade finance. They are working capital credit facilities which are secured...

Practice Note

Borrowing base facilities ('BB Facilities') are secured on the assets forming the borrowing base, which consist of: • goods in storage or in transit • rights to payment...

Practice Note

Commercial letters of credit (also known as traditional letters of credit or L/Cs) are used in relation to the movement of goods in the context of international or...

Practice Note

Standby letters of credit are a type of letter of credit. The common feature of all letters of credit is an undertaking by a bank to pay the beneficiary of the letter of...

Practice Note

The simplest form of a commercial letter of credit is an undertaking by a bank to pay the beneficiary of the letter of credit a specific sum within a specified time limit...

Practice Note

Commodity repurchases (repos) are an increasingly popular alternative method of financing. There are a number of advantages for both the financier and the trader in...

Practice Note

This Practice Note gives a brief overview of the key legal issues and discussion points commonly encountered when asset-based lenders are deciding whether to offer...

Practice Note

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018): • This will have an impact on the information in this Practice Note...

Practice Note

The Export Credits Guarantee Department (ECGD) is the UK's official export credit agency. It operates under the name UK Export Finance.ECGD website Its...

Practice Note