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Glencore has launched its first trade receivables securitisation program specifically for its oil and gas marketing business.
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The $2.55 billion facility is supported by a consortium of six leading financial institutions and powered by the FIS Supply Chain Finance Platform.
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This structured finance initiative is designed to unlock liquidity and streamline operations as part of Glencore’s broader cost and efficiency drive.
Glencore, the commodity trading giant, has today announced its adoption of global technology provider FIS’ Supply Chain Finance Platform (formerly Demica) to inaugurate its trade receivables securitisation programme in oil and gas.
Glencore’s $2.5 billion securitisation facility, backed by six leading financial institutions, will use the technology infrastructure and reporting capabilities of the FIS Supply Chain Finance Platform, as well as the operational support across jurisdictions.
Under a trade receivables securitisation structure, companies liquidate their accounts receivable through a financial institution, unlocking liquidity, rather than waiting for customers to pay at the end of a payment term. Despite being one of the world’s largest commodity traders, this is the first time Glencore has run a securitisation program specifically for its oil and gas marketing receivables.
“Trade receivables securitisation remains one of the most powerful yet underutilised financing tools available to large corporates, and the commodities sector,” Markus Musielak, Managing Director, Structuring at FIS, told Trade Finance Global (TFG).
Through FIS’ Supply Chain Finance Platform, a receivables purchase agreement is signed between Glencore and a special purpose vehicle (SPV), which would issue securities or notes to investors. Often, these are rolling facilities which purchase the notes for up to five years.
FIS’ technology platform runs the program operationally: deal structuring tools, data visibility, ERP integration, automated reporting, and risk monitoring.
Glencore achieved a total oil and gas trading result of 4.2 million barrels of oil equivalent per day in 2026.
However, revenues from Brent crude declined 15% last year, despite record contributions from metals and minerals. As part of its new ‘cost and efficiency drive’, the commodity trader has been looking to streamline operations.
“Glencore’s $2.55 billion oil and gas trade receivables securitisation […] highlights to the sector and other large corporates that this form of liquidity optimisation is both accessible and strategically valuable,” Musielak said.
