Best Soft Commodity Finance Bank

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18 June 2009

Providing a stronger presence

Winner: Standard Chartered Highly commended: Société Générale Winning the award for best global soft commodity bank for the second year running is Standard Chartered, which was a clear winner from SG in the highly commended position and Rabobank in third. Over the past couple of years the development of softs-related financing is something which has required banks to make considerable investment to better service commodity traders involved in agri-business. For Standard Chartered, investment in developing such relationships with key traders involved in a wide range of softs – grains, oilseeds, coffee/cocoa, sugar, etc – in...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%