Geoff is a leading trade finance lawyer and has extensively advised many of the world`s leading trade finance banks, multilateral financiers and corporations on trade and commodities transactions in virtually all emerging markets, including the CIS, the Far East, India, Africa and Latin America. He has worked on numerous structured business transactions covering commodities as diverse as oil, nickel, steel, tobacco, cocoa and coffee. He has worked on inventory financing in many jurisdictions and advised on the structuring of inventory managers and security managers. He has also advised ownership structures and deposits for the financing of commodities and receivables. “We hope that if you start tomorrow with a participation agreement between you and another party, you will view the new document as a document with which you can begin your discussions,” Geoff Wynne, a partner at Sullivan & Worcester, said at the ITFA`s annual conference in Cape Town last week. Risk participation agreements are generally used in international trade to facilitate financing agreements between a lender and a borrower. In the case of risk participation, the creditor sells to a participant an economic participation in loan agreements that entitles the participant to an economic benefit resulting from the loan agreement between the lender and a borrower. The participant is entitled to certain benefits, such as receipt of payment on principal and interest and other loan fees on the loan granted to a borrower by a lender. The obligation for the participant to participate is to finance the loan on behalf of the original lender, under the terms of the framework risk participation agreement and in accordance with the loan agreement between the original lender and the borrower.
Geoffrey Wynne is head of Sullivan & Worcester`s London office and head of the Trade & Export Finance Group. He has extensive experience in banking and finance, particularly in the area of trade and structured trade and commodities finance. He also advises in the areas of corporate and external financing, asset and project financing, syndicated credit, equipment leasing and training sessions, as well as financing restructurings. A bank acceptance project is a project in which the bank must pay a specified amount to the project owner on a given date. A change in bank acceptance is usually used as a means of payment for international trade. It guarantees the creation and execution of a contract between the importer and an exporter. It is usually issued with a discount and then fully paid on the due date. This bank acceptance project can be transferred to the participating institutions through a framework participation contract. There are two main types of risk-taking, namely uncovered risk-taking and capitalization-taking. Risk participation is a type of credit transaction in which a lender, bank or financial institution transfers its interest in a loan or a risk or risk associated with that loan to another financial institution. The transfer of this risk is carried out by means of a Master (Risk) Participation Agreement, generally designated as a participant between the lender and the institution to which the risk is transferred. Risk participation is used by lenders to reduce their exposure to loan risks, for example.
B bankruptcy of the borrower or confiscation of the borrower`s assets. Up-to-date, clarifies issues, facilitates transactions Hannah is a contributor to A Guide to Receivables Finance, a special TFR report published by Ark, and has provided practical guidance from Lexis PSL on a wide range of trade finance issues, including commodity finance and capital adequacy for trade finance. . . .