News Column

National Bank of Fujairah launches structured trade commodity finance

May 24, 2014

Staff Report

Fujairah: National Bank of Fujairah (NBF) PJSC announced the launch of its Structured Trade Commodity Financing (STCF) facility, a specialised form of trade finance that aims to be a one-stop solution for the cross-border commodity trading requirements of companies across the UAE. The STCF was launched at NBF's annual trade finance customer workshops, held earlier in May to apprise the bank's clients of the latest developments in international trade.

With STCF, the bank will work with clients to structure comprehensive, short-to-medium term financing arrangements to support their commodity trading activity. Typically, STCF transactions are structured around a company's supply chain, from the purchase to sale and export of commodities and materials, and constitute a full suite of trade financing and foreign exchange hedging tools.

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Source: Gulf News (United Arab Emirates)

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