Singapore offers structured commodity financing tax break

Main Content (access key = s)
Secondary Content
Quick Search (access key = 4)
Login

Copying and distributing are prohibited without permission of the publisher

04 June 2010

Structured commodity financing has secured a tax concession from Singaporean state body trade body, International Enterprise.

Structured commodity financing has been listed as one of the qualifying activities under Singaporean state body trade...

You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.

Already have an account?

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Free trial

Taking a free trial will give you access to the current issue for two weeks (excluding some surveys and articles). Start your free trial today.

NEXI to provide first solar guarantee 08 Sep 2010
Final credit approvals in for Boleo 08 Sep 2010
IFIs sign Nabucco gas mandate 07 Sep 2010
Pemex approaches market twice 07 Sep 2010
VakifBank signs trade revolver 03 Sep 2010

Commodity banker Saydam joins Goldmans

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%

Quote

From a Brazilian perspective a lot of work still needs to be done in getting foreign lenders more comfortable to finance the second-tier players again.

Ian Henderson, Texel Capital - Brazil: Agri-sector bounces back - Trade Finance July/August 2010