FIS (FIS) announced today that its Supply Chain Finance Platform was selected by Glencore (GLNCY) to support the inaugural trade receivables securitization program for its oil and gas commodity business. Trade receivables securitization is a specialized form of structured trade finance enabling corporates to monetize large pools of receivables, thereby unlocking liquidity. Glencore’s $2.55B facility, backed by a consortium of six leading financial institutions, marks a significant milestone in the evolution of structured trade finance for the commodities sector.
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