Foundations of Structured Trade Finance

The purpose of this book is to introduce readers to the fundamentals of structured trade finance (STF) – an instrument used to financing trade in difficult environments by collaterising the loans.

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Details

  • Publication date: May, 2015
  • Pages: 230
  • ISBN: 9781783581894

Description

"This book is required reading for everyone interested in building viable trade financing schemes even in challenging environments."
Lamon Rutten
Technical Centre for Agricultural and Rural Cooperation ACP-EU (CTA)
 

Are you interested in learning more about the complex area of structured trade finance?

Structured Trade Finance (STF) is a highly specialised area of trade finance that has evolved directly from practice. As it grows and becomes more complex in an increasingly risk-based regulatory environment, there is a need for more detailed guidance on the subject.

Foundations of Structured Trade Finance will provide you with exactly this. Written by Dr Oramah — President of Afreximbank and a professional who played an important role in the evolution of STF — this report will:

• Address the philosophical foundations and risks associated with structured trade finance

• Provide step-by-step guidance on how deals can be structured

• Outline the scope of coverage outside the confines of commodities

• Examine real life case studies and draw out lessons that can be learned from these

STF has proven itself as an effective instrument for attracting trade finance to those regions that receive limited trade finance and which lag behind in trade and economic performance. Ensure you're aware of the risks associated with it.

Contents

Chapter 1: Introduction

Chapter 2: Trade finance flows to developing countries

Chapter 3: Structured trade finance – Conceptual foundation, origins, and definitions

Chapter 4: Essential steps in structured trade finance

Chapter 5: Structured trade finance in action (1) – Typical commodity-type deal structures

Chapter 6: Structured trade finance in action (2) – Deviations from typical commodity-type trade finance deal structures

Chapter 7: Extension to non-physical commodities

Chapter 8: Pricing structured trade finance transactions

Chapter 9: Operational risk issues in structured trade finance

Chapter 10: Living the structure –Lessons of real life experience

Chapter 11: Summary and conclusion

 

Authors

Dr. Benedict O. Oramah
Dr. Benedict Okey Oramah was born in Nigeria on 24 July 1961. He holds MSc and PhD degrees in Agricultural Economics, obtained in 1987 and 1991 respectively from Obafemi Awolowo University, Ile-Ife, Nigeria. He obtained a BSc degree in Agricultural Economics from the University of Ibadan, Nigeria in 1983. He held the position of assistant manager (research) at Nigerian Export Import Bank from 1992 to 1994 before joining Afreximbank as chief analyst in 1994, rising to the position of senior director, Planning and Business Development Department in 2007. He was appointed to the position of executive vice president of the bank in October 2008. As executive vice president at Afreximbank, Dr. Oramah supervises the business development (trade and project finance), syndications, specialised finance, research, and investment banking operations of the bank. He also assists the president of the bank in overseeing the bank’s strategic planning and international cooperation activities. He is a regular speaker at UNCTAD’s annual African oil and gas conferences. He has also been a resource person at several trade finance conferences around the world. Dr. Oramah is chairperson of the Africa Chapter of the International Factors Group (IFG). He is also on the board of IFG, the editorial boards of Trade and Forfaiting Review (TFR) and the Journal of African Trade (JAT), and is a member of the Consultative Board on the World Cocoa Economy of the International Cocoa Organisation (ICCO). Dr. Oramah has written over 35 articles (on a range of African economic and trade-related matters), the bulk of which has been published in leading international journals. He is married with three daughters.