17th & 18th MAY 2018GRAND HOTEL KRASNAPOLSKY, DAM 9, 1012 JS, AMSTERDAM, NETHERLANDS
PARTNERS
SPONSORS
SUPPORTERS ASSOCIATION PARTNERS
Thank you to our sponsors
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17th & 18th May 2018
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Grand Hotel Krasnapolsky, Dam 9, 1012 JS, Amsterdam, Netherlands
Alexander PetersSwiss Commodity Club
Cheam Hing LeeRhodium Resources Pte Ltd
“Exceptional approach allowing interactions and
debate.”
John GoodridgeBP
As commodity prices begin to stabilise and the industry looks to dust itself off after the worst downturn in twenty years, we find ourselves at a key inflection point in the timeline of the
commodity finance industry. On the one hand we have a booming global economy, new markets and commodities emerging and revolutionary technologies and innovations being developed. On the other hand we have growing political instability, stringent regulatory policy, increasing competition as well as shifting consumer demands. This two day conference will examine all of
these trends and discuss the key drivers affecting deal making in the industry.
TXF is returning to Amsterdam for the fifth edition the annual TXF Amsterdam: Natural Resources & Commodities Finance summit. With over 400 senior decision and deal makers in attendance in 2017, TXF Amsterdam has quickly
established itself as the premier conference dedicated to discussing and facilitating commodity finance.
“I would like to congratulate you for the great conference you
arranged in Amsterdam. I had a great time and managed to refresh
old contacts and enlarge my network even further.”
“Great opportunity to test what is really happening in the market, meet old friends, and make new
ones.”
WHY ATTEND?
LIVELY & CONFIDENTIAL
DEBATENETWORKING CONCIERGE SERVICEWe’ll send you the full delegate list a week
before the conference and will help you arrange meetings in advance. TXF prides itself on it’s relationship with all delegates
so feel free to ask one of our members of staff for an introduction to another
delegate.
INTIMATE NETWORKING OPPORTUNITIESWe’re not just about great content. TXF’s pre-conference drinks, industry awards
dinner, access to dedicated meeting areas, walking tour, running clubs plus other
activities are all included in your ticket.
CASE STUDY WORKSHOPSCorporates and financiers alike share genuine success stories, discuss their financing strategies and analyse the
potential pitfalls and opportunities that can arise.
CHATHAM HOUSE RULESWe know discussing issues off the record
guarantees honest debate and fosters strong relationships.
IDEA LABSIntimate discussion groups that stimulate collaboration and critical discussion on the key topics which are impacting the
industry.
A fun and engaging way to wrap up the discussion. This pricing session sees
industry experts go through a series of hypothetical deal proposals and debate.
Industry leaders provide their insight and analysis of the key trends driving the
market.
INDUSTRY LEADER KEYNOTES
DEAL OR NO DEAL SESSIONS
LEARNINGNETWORKING & DEAL MAKING
THE 3 CORE PILLARS OF TXF AMSTERDAM 2018
2. 3.1.
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At TXF, we understand the benefits of attending events. We also understand that you need to justify both the financial and opportunity costs attached to your attendance.
Our guarantee: Every single aspect of TXF Amsterdam 2018, from sessions to outside activities, have been thought out to ensure you can maximise the benefits for you and your team.
Join the leaders of the commodity Finance industry
Who could you meet? See who joined us last year to find out:
AbbVieADM International
Afco EnergyAgrimoney
AKA Ausfuhrkredit-Gesellschaft mbH
Allen & OveryAlpicom S.A.
Alvean Sugar SLAmaggi International (AIL)
Ameropa AGAmsterdam Trade Bank
AonArcher Daniels Midland
AretepAreti Energy SA
Argus MediaBank of China
Barak Fund ManagementBB Energy
BeCyberSureBerne Union
BlockEx S.a.r.l.BlockLab
BNP ParibasBP
BPL GlobalBunge
Bureau van DijkCarbones
Castleton Commodities International (CCI)
CegekaCentral European Gas Hub
Cercle CyclopeCiti
Clearsource Pte LtdClevis Research
CLEVIS Research GmbHClifford Chance
Clyde & CoCMS
COFCOColoured Finches
CommerzbankContingent Technologies
CredendoCredit Agricole Corporate and
Investment BankCRU GroupCzarnikow
Deloitte
Deutsche BankDHL Inventory Finance Services
GmbHDongying Lufang Metals Material
Drum Risk LtdDrumlin Capital Management
Dtek HoldingsDubai Multi Commodities Centre
DZ BankEBS Business SchoolEckermann Partners
Ed&f manEDF Trading
Engelhart Commodities Trading Partners
Equant AnalyticsEquinox Global
Erste Group BankETG Commodities Inc
Eurasian Natural Resources Corporation
EuroclearEXX AFRICA
Fangyuan GroupFImetrixFinacity
Financial Services Authority of Indonesia
FMO Development BankGaranti Bank International
GazpromGemini Corporation
Gerald GroupGerald MetalsGetinge Group
GFinanceGlencore
Global CoalGlobal Finance & Capital Ltd
Global Trade CorporationGreensill Capital
Groupe SEBGunvor
Herbert Smith Freehills LLPHFW
Hoogtwegt GroupHSBC
HuaweiIBM
ICBC (London) plcICBC Standard Bank
Indagro
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Industrial and Commercial Bank of China (ICBC)
INGInnopay
INOKS CapitalInternational Trade Finance
Intesa SanpaoloINTIXISD
Islan InvestmentsITFA (International Trade &
Forfaiting Association)KAR Company for Electricity
Power Production Ltd.Kernel HoldingKfW IPEX-BankKING TRADING
Kingbird CommoditiesKME Group
LakestarLambert CommoditiesLandesbank Baden -
Wurttemberg (LBBW)Liberty Commodities Group
Liberty Global GroupLiberty House Group
LinklatersLITASCO
London Metal ExchangeLouis Dreyfus Commodities
LYB Finance CompanyMacquarie
Macquarie Bank International Limited
MaerskMarkham Rae
MarshMastercardMET Group
Micro Informatique & Technologies SA
Mitsubishi UFJ Financial Group (MUFG)Mizuho
MKS PAMP GroupMoody’s
Morgan StanleyMunich Re
Natural Resources Governance Institute
Nedbank Corporate & Investment Bank
Netherlands Authority for the Financial MarketsNeumann GruppeNew Oak Capital
NideraNN Investment Partners
Nomura SecuritiesOrange Romania
OrascomOrbian
Ornua Co-operativePeters & PetersPetrochina UKPhilips Capital
Philips Group ProcurementPhoenix Commodities
PIB Insurance BrokersPole Star
PwCQuadra Commodities
RabobankRaiffeisen Bank International
Reckitt BenckiserReed Business Information
Reed SmithReuben Brothers Limited
Reukema RecyclingRhodium Resources Pte Ltd
Riverdale CommoditiesRock Elm Capital
RonlySantander Bank
Satoshi.ltdSberbank (Switzerland) AG
SCCF Structured Commodity & Corporate FinanceSchrijver & Partners
Shandong Qingyuan GroupShell Trading & ShippingSmart Currency Business
SOCARSovereign Wealth Fund Institute
Standard CharteredSteinweg - Handelsveem
STSASucafina
Sucres et DenréesSullivan & Worcester
Sumitomo Mitsui Banking Corporation (SMBC)
Sustainable Finance & InsuranceSwiss Commodity Club
Swiss ReTAN
TauliaTELF
TemenosTenova Mining & MInerals
Texel Finance LtdThe Bank of New York MellonTiryaki Agro Gida San. ve Tic
TOTSATrade House FZC
TrafiguraTransamine Trading
Treasury Management InternationalTricon Energy
UniCreditVA Intertrading
AktiengesellschaftVaro Energy
VeonViant Commodities
Vicenda GroupVitolWave
Westford Trade Services LTDWillis Towers Watson
Wyelands Capital LimitedXL CatlinZalando
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CONFIRMED SPEAKERS
Nataliya FrolovaHead of Trade and Corporate FinanceGazprom Marketing & Trading
Marc PfefferliHead of Group Treasury & Corporate FinanceMET Group
Tawfik SadfiHead of Structured Trade FinanceGunvor
Maarten KoningManaging Director, Global Head Structured Metals & Energy FinanceING
John MacNamaraManaging Director, Global Head Of Structured Commodity Trade FinanceDeutsche Bank
Pierpaolo Di FabioCFOKME Group
Mark SegallPartnerCMS
Canan TulumHead of Treasury & Trade FinancePetrochina
Jean-Francois LambertCommodity Finance ExpertLambert Commodities
Jean CravenCEO & DirectorBarak Fund Management
Nick HaslettSenior Managing Director - Chief Strategy Officer and Head of Business DevelopmentCastleton Commodities International (CCI)
Daniel HaudenschildCEOSwisscom Blockchain AG
Sanjeev DuttaExecutive Director - CommoditiesDMCC
Simon BessantDirectorTexel Finance
Stephane PlacideHead of Structured Finance – AfricaTrafigura
Robert BesselingExecuive DirectorExx Africa
Niels de RuPartnerAllen & Overy
Harris AntoniouCEOAmsterdam Trade Bank
Jonathan SolomonPartnerReed Smith
Kris Van BroekhovenManaging Director, Global Head of Commodity Trade FinanceCitibank
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AgendaDAY 1: 17th May
08:00
09:00
COFFEE & REGISTRATIONDon’t forget to bring your business card to register! Once you’ve got your badge, help yourself to a coffee and croissant and start mingling.
WELCOME TO TXF AMSTERDAM 2018!Whether you’re making your TXF debut or returning for the fifth year in a row, we’re delighted to have you all in attendance. TXF’s Editor-in-Chief, Jonathan Bell, provides an overview of what you can expect from this two day extravaganza dedicated to all things natural resources and commodities finance.Jonathan Bell, Editor-in-Chief, TXF
09:05
KEYNOTE ADDRESSTHE TIMES THEY ARE a-CHANGIN’: A LOOK TO THE FUTURE OF THE COMMODITIES INDUSTRYFrom politics to climates, regulation to technology, consumer demands to product offerings, the world is seemingly awash with change. Whilst change can bring with it difficulties, so too can it bring opportunities. This keynote address looks to the future of the commodities industry and highlights the exciting opportunities which are being presented to those that are willing to embrace the change.
09:30
LIVE AUDIENCE SURVEY: YOUR VIEWS ON THE MARKETIt’s not every day you get 300 of the commodity industry’s most senior deal and decision makers together in one room. Traders, producers, financiers, investors, insurers, lawyers, collateral managers, economists....etc; if they’re anyone in the industry they’re here. This anonymous live survey is a chance to hear your thoughts on the key trends which are shaping the market. After the conference we’ll send you a full set of annotated results. So grab your keypads and start voting!Hesham Zakai, Associate Director, TXF
09:45
KEYNOTE TRADERS’ PANELCONSOLIDATION & COMPETITION: THE RACE TO THE TOP FOR COMMODITY TRADERSWith a growing trend towards scale and consolidation in the commodity trading market, should this be cause for concern? What does the future look like for trading houses and what options do smaller houses have for staying ahead in this highly competitive industry?
Gazprom Marketing & TradingMET Group
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10:30 NETWORKING COFFEE BREAKThe full delegate list will be released in advance. Ask us about our networking concierge service to help you set up meetings.
11:30
PLENARY STREAM INSURING COMMODITY FINANCE
WORKSHOP: MAPPING OUT THE INSURANCE CLAIMS PROCESSTrade credit and political risk insurance can form a valuable extension to a company’s credit management and risk mitigation processes. However, a lack of transparency over claims figures means that the product continues to be viewed with caution. Why is this when less than 1% of claims go unpaid? From default to payment, this educational workshop provides a step by step journey through the process of making an insurance claim.
12:15
KEYNOTE BANKERS’ PANELBOOM YEARS: ASSESSING THE IMPACT OF ECONOMIC GROWTH AND RISING INTEREST RATES ON COMMODITY FINANCINGThe global economy is facing a key inflection point and so too is the commodity industry. With global GDP forecast to double in the next twenty years and triple by the year 2050, we’re entering into an unprecedented period of global economic expansion. Couple that with a forecasted 2% rise in global interest rates for 2018 and things get even more interesting. This panel of experts assess the impact that these changes are set to have on commodity financing.Kris Van Broekhoven, Global Head of Commodity Trade Finance, CitibankMaarten Koning, Managing Director, Global Head Structured Metals & Energy Finance, INGHarris Antoniou, CEO, Amsterdam Trade BankJohn MacNamara, Managing Director, Global Head of Structured Commodity Trade Finance, Deutsche Bank
INSURANCE MARKET FEEDBACK: THE EVOLVING DEMANDS OF COMMODITY TRADERS & PRODUCERSAs the commodity trading landscape continues to evolve, so do the demands of traders and producers. With commodity traders consolidating and adopting the role of financier, what added risks does this bring and how can insurance products evolve to help to mitigate these risks? How can the insurance market better support producers in their credit management needs? This panel of traders and producers give their feedback to the insurance market.
13:00 LUNCH
KEYNOTE PRODUCERS’ PANELTHE LONG ROAD TO RECOVERYAs many commodity prices begin to stabilise, the road to recovery begins for commodity producers. How are producers faring and what strategies for success did they learn during the pricing downturn? How has access to and cost of financing changed in the last 12 months? Is diversification into trading a viable business proposition for producers? How can technology be used to improve production techniques and increase competitive advantage?Pierpaolo Di Fabio, CFO, KME GroupCanan Tulum, Head of Treasury & Trade Finance, Petrochina
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14:30
15:30
REGIONAL ROUNDTABLESDelegates can choose which one of these concurrent discussion groups they would like to attend. Each one will be led by experts in that region.
SECTOR SPOTLIGHTSDelegates can choose which one of these concurrent discussion groups they would like to attend. Each one will be led by experts in that sector.
MIDDLE EAST & AFRICA- Impact of the escalating debt crisis in Africa.
- The resurging economies of South Africa, Angola, Nigeria and Egypt.- The latest on the recent boom of Tanzania and Ethiopia.- Political and credit risks in the region.- Growing demand for new forms of debt in the Middle East.- The latest on post-sanction Iran.
Robert Besseling, Executive Director, EXX Africa
Sanjeev Dutta, Executive Director - Commodities, DMCC
ENERGY- LNG and the birth of a new commodity.- With peak demand looming, what’s the future for oil?- Are rising oil prices sustainable and how long will OPEC stand firm on production caps?- Who is taking up the matle when it comes to financing coal?
RUSSIA, CARs & CEE- Dealing with a sanction-riddled Russia.- The changing face of financing deals in Central Asian Republics.- Where will new deals come from?- Oil prepayment deals and the role of SPVs.- Update on the Ukrainian market.- The untapped potential of the Black Sea & Caspian regions.
Mark Segall, Partner, CMS
METALS & MINING- The impact of enforced supply cuts on Chinese metals producers and the growing demand for offshore debt.- India’s growing influence as a global producer of steel.- How renewables and electric cars are giving metals a new lease of life.- The boom of nickel, coalt, copper, lithium and graphite.
ASIA-PACIFICThe growing influence of Asia-Pacific as a commodity trading hub and how it could challenge and/or complement Europe’s dominance.Breaking into the China domestic market.The role of coal in Asia.The state of the private insurance market in Asia-Pacific.The fall of Noble Group.
SOFTS- Is there a future for the pure-agri trading model and will 2018 see the end of the ABCD?
- The potential for blockchain and digitisation in agri-trading.
- The latest trends in global food consumption.
15:15
16:15
17:30
SHORT COFFEE BREAK
NETWORKING COFFEE BREAK
DRINKS RECEPTION & INDUSTRY DINNER
16:45
DEAL, NO DEAL OR DISTRIBUTEA staple of TXF events, this session is a fun and interactive way to look at pricing and deal making. We present a panel of industry experts with a series of hypothetical deals. Their task is to decide:1. Whether they would do the deal2. How they would price the deal3. Whether they would distribute the dealThe audience can then vote on what they would do, faced with these deals.
Texel Finance
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DRINKS RECEPTION & INDUSTRY DINNER
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Want a VIP sponsor experience? Contact [email protected] to find out more about our industry dinner.
Join us after day one for our famous industry dinner and the Perfect 10 awards ceremony. Included in the price of your ticket, this is a chance to network in a relaxed atmosphere
with drinks, food and maybe even some disco dancing.
Day 2: 18th May
08:30 COFFEE & REGISTRATION
09:00CHAIRMAN’S OPENING REMARKS: WELCOME TO DAY TWO!Jonathan Bell, Editor-in-Chief, TXF
09:05
10:00
TALES & TRAVAILS OF COMMODITY PLAYERSAs you dust off the cobwebs from the night before and wait for the coffee to kick in, we take a trip down memory lane. These industry mainstays trade anecdotes and share their most interesting and amusing experiences from working within the industry.
THE TOP TRENDS IN FINANCING COMMODITIESThis session provides a comprehensive overview of the key findings from the annual TXF state of commodity finance survey including:
- Which structures are proving popular and why?
- Which regions and sectors are showing promise and which are concerning practitioners?
- What trends we are seeing when it comes to deal pricing and alternative sources of financing?
- What issues are being identified in the market, from key legal and regulatory concerns to the implications of sanctions?
- What obstacles are preventing businesses from expanding into new markets, from lack of understanding of countries to inability to access credit?Niels De Rue, Partner, Allen & Overy
09:30LET’S GET PHYSICAL: THE STATE OF THE DRY BULK SHIPPING MARKETThe state of the dry bulk shipping market is often a good barometer for the changing demands and supplies in commodities. This presentation provides a snapshot of the state of the dry bulk shipping industry and consequently the wider commodities market.
10:45 NETWORKING COFFEE BREAK
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11:15
12:00
PLENARY STREAM INDUSTRY CASE STUDIES
THE RISE OF THE COMMODITY FUNDAt a time when demand for commodity trade finance remains high but traditional providers of liquidity are shutting up shop, commodity funds are coming to the rescue. This small, but increasingly important sector of the market, is a vital lifeline for smaller producers and commodity traders. This session provides an overview of the market and explores the steps that need to be taken to continue its development.Jean Craven, CEO & Director, Barak Fund Management
FINTECH & DIGITISATION:BRINGING COMMODITY FINANCE INTO THE 21st CENTURYWatch as experts in blockchain, eBL and satellite tracking stake their claim to be crowned the hottest tech in commodities finance. Our panel of trade and commodity experts will put their presentations to the test in an attempt to separate the wheat from the chaff.Daniel Haudenschild, CEO, Swisscom Blockchain AG
SUSTAINABILITY LINKED FINANCING: GAINING A COMPETITIVE ADVANTAGE WITH GREEN FINANCINGDespite the major efforts of charities and NGOs to clean up the world of commodities, progress has been slow. This could be set to change with the advent of sustainability linked loans. With companies such as Wilmar and Barry Callebaut leading the way with high profile green financings in 2017, this session uses case studies to analyse how companies can improve their cost of funding and gain a competitive advantage by embracing sustainable practices.
INVENTORY BACKED SECURITISATION: DIVERSIFYING YOUR FINANCING TOOLKIT BY LEVERAGING YOUR INVENTORYAs size and scale become key for staying ahead in an increasingly competitive commodity market, access to diverse sources of funding is crucial. Inventory backed securitisation is one tool that traders are adding to their financing toolkit and given the competitive margins that it has to offer, it could be a template for others to follow. This session looks at the benefits that inventory backed securitisation has to offer whilst also weighing up the risks that warehouse financing can bring.
NETWORKING LUNCH SESSIONSEnjoy your lunch in the main dining area or alternatively, attend one of our networking lunch sessions.
12:45
INVESTING IN TRADE & COMMODITY FINANCEWith high yields and low volatility, trade finance represent an attractive asset class with huge potential. This networking lunch offers you the chance to mingle with investors and learn more about this exciting asset class.
WOMEN IN COMMODITY FINANCEAs equality and diversity slowly becomes the norm in the industry, we celebrate the recent strides that have been made. This networking lunch offers you the chance to mingle with other champions of this cause and discuss ways to help encourage more women into the industry.
14:00 INDUSTRY SHOWDOWN
15:00CHAIRMAN’S CLOSING REMARKS: TOP 10 TAKEAWAYS FROM TXF AMSTERDAM 2018Jonathan Bell, Editor-in-Chief, TXF
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