Market notes on commodities, trading houses and structured finance themes that affect how deals are underwritten.
Market Insights
Commercial real estate acquisition sponsors face a real challenge: traditional bank financing often just can't keep up with today's deal timelines or structure requirements. Structured private credit gives sponsors flexible, faster capital solutions that work for complex deals, transitional assets, and non-standard situations—basically, all
Market Insights
A standby letter of credit serves as a payment guarantee in commodity supply agreements when buyers need to provide sellers with assurance that funds will be available if contract terms are not met. Unlike traditional letters of credit that trigger payment upon document presentation, an SBLC acts as a backup
Market Insights
Offtake agreements are vital contracts in project finance where a buyer commits to purchasing a project's output over time. A Standby Letter of Credit (SBLC) serves as a bank guarantee that ensures payment to the seller if the buyer fails to meet their obligations under the offtake agreement.
Market Insights
When you borrow money using a Standby Letter of Credit as collateral, you need to understand what a recourse package means for your business. In a recourse SBLC package, you remain personally liable for the full loan amount even if the SBLC value doesn't cover what you owe.
Market Insights
A standby letter of credit (SBLC) facility helps businesses secure payment guarantees from banks without tying up their working capital. When companies use these facilities, they often encounter something called a sublimit. This is a specific dollar amount that sets a cap on how much can be issued in letters
Market Insights
A standby letter of credit reduction schedule is a built-in feature that automatically decreases the maximum amount available under an SBLC at specific dates without requiring amendments. This mechanism is common in long-term agreements where performance happens in stages or when payment risks decrease over time. Understanding how
Market Insights
A standby can allow more than one drawing, up to the available amount, if the text permits it. Each demand is still examined against the instrument. A partial drawing does not change who issues or honors the standby. Financely is an advisor and arranger. It does not issue SBLCs and
Market Insights
Multiple drawings under a standby letter of credit concern more than the size of one demand. The beneficiary needs to know whether another presentation is permitted, how much remains available and whether each new presentation satisfies the undertaking before the relevant deadline. The partial-drawing guide addresses a demand for
Market Insights
A counter-standby structure needs two separate documentary reviews: one for the undertaking delivered to the commercial beneficiary and another for the standby issued to support the bank that issued it. A valid demand under the first does not automatically establish a complying demand under the second. The counter-standby
Market Insights
Finance physical metals trades with clear title, assays, warehouse receipts, LCs and receivables for copper, aluminium, gold and more.
Market Insights
See the top traded physical energy commodities, from crude oil and LNG to diesel, coal, LPG and jet fuel, with finance risks and trade documents.
Market Insights
Assess the best options export financing offers for SMEs and mid-market firms, from receivables finance to ECA-backed debt and letters of credit.