Important Disclosure. For corporate sponsors and accredited investors. Not a public offer. Local restrictions may apply. Prepared by FG Capital Advisors, August 2025.
Structured Debt for Physical Commodity Transactions
We arrange structured debt across metals and concentrates, fertilizers, agri and softs. The scope covers pre-export finance, borrowing base revolving credit, inventory repo and warehouse receipt lines, receivables purchase, tolling and processing finance, LC discounting, and prepayment backed by SBLC or advance payment guarantees. Minimum facility is USD 10,000,000 (aggregate commitment). Our fees are clear: a mandate retainer to mobilize underwriting and a success fee at signing or first draw. If your file is incomplete or the pricing ask is out of market, it will not clear credit. We tell you early.
Structures & Use Cases
Pre-Export Finance (PXF)
Term loan secured by export receivables and controlled collection accounts. Works for grains, sugar, coffee, cocoa, and base metals offtake.
Borrowing Base RCF
Revolver against eligible inventory and receivables under a borrowing base with daily or weekly reporting and concentration limits.
Inventory Repo / Warehouse Receipt
Title or pledge over goods with warehouse receipts and terminal undertakings. Draws against stock at agreed advance rates with mark-to-market.
Receivables Discounting / Forfait
Discount or sale of invoices on named buyers. Notice and collection control required. Insurance can improve advance rates.
Tolling & Processing Finance
Funding of input feedstock and conversion costs with security over inputs, work in process, and finished goods.
LC Discounting & Risk Participation
Discount of usance LCs and funded or unfunded participations to release limits and sharpen execution on cross-border trades.
Prepayment with SBLC/APG
Advance-payment or performance support to secure volume. Tight title wording, inspection gates, and release mechanics are mandatory.
DPR / Controlled Collections
Diversified payment rights and cash sweeps through controlled accounts for predictable amortization.
Hedging-Linked Lines
Documented hedge policy with assignment of proceeds and margining mechanics where required by lenders.
Commodities We Cover
Metals & Concentrates
Copper cathodes and concentrates, aluminum, zinc, nickel, steel products. Assays, QP reports, and BL or warehouse receipts expected.
Fertilizers
Urea, DAP/MAP, NPK blends, ammonium nitrate. Cargo documents and terminal LOUs required on storage-based lines.
Agri & Softs
Wheat, corn, soy, rice, sugar, coffee, cocoa, cotton. Proven offtake, quality certificates, and logistics under control.
Energy By-Products
Coal, petcoke, sulphur, bitumen. Environmental and handling compliance. Insurance endorsements naming lender.
Documentation & Controls
Core Documents
Contract and commercial invoice, transport documents (BL, rail consignment, pipeline or terminal docs) , certificate of quantity and quality (SGS, Cotecna, Saybolt or agreed) , certificate of origin, and insurance per Incoterms.
Control Package
Title transfer wording, presentation terms and place, terminal letters of undertaking, controlled releases, assignment of proceeds, perfected security interests, and custody arrangements on cash collections.
Commercial LCs reference UCP 600. Standbys reference ISP98. Reimbursement may reference URR 725.
Indicative Economics
| Case | Face / Facility | Tenor | Key Terms | Borrower Cost (Illustrative) |
|---|---|---|---|---|
| Pre-Export Finance | USD 30,000,000 | 24–36 months | Amortizing with cash sweep of export proceeds. Controlled accounts and DPA. | Benchmark + 4.0–6.0% on drawn, upfront + legal + agency fees |
| Borrowing Base RCF | USD 25,000,000 | 364-day revolving | Advance vs eligible inventory/AR. Weekly base certificate and MTM. | Benchmark + 3.0–5.0% on drawn, undrawn 0.5–1.0% p.a., third-party costs |
| Inventory Repo | USD 20,000,000 | 180–365 days | Title or pledge, terminal LOUs, inspection and storage undertakings. | Benchmark + 4.0–6.5% on drawn, storage and inspection for borrower account |
| Receivables Discount | USD 15,000,000 | Up to 180 days | Named buyers with notice and controlled collection. Optional TCI. | Discount rate per tenor + policy premium if insured |
| LC Discounting | USD 10,000,000 | 90–180 days usance | Bank risk or confirmed LC. Funded participation optional. | Usance interest for tenor + flat advising and messaging charges |
Final pricing depends on rating, jurisdiction, tenor, collateral quality, concentration, sanctions profile, and file completeness.
Corridors We Cover
Africa
West, East, and Southern Africa flows. Confirmed or insured routes where country or issuer risk is tight.
Latin America
PXF for agri exporters, inventory lines at ports and inland terminals, receivables on rated buyers.
EMEA
Borrowing base structures across EU and Near East with multi-warehouse control and shared security.
Asia
Usance LC discounting, tolling finance, and repo lines tied to bonded storage.
Central Asia
PXF and receivables programs on metals and agri flows with controlled collection and FX risk management.
Global Traders
Club RCFs and bilateral lines for mid-market houses with clear reporting and covenant discipline.
Indicative Term Sheet — Structured Commodity Debt
| Section | Key Terms |
|---|---|
| Borrower | Operating company or transaction SPV acceptable to lenders after KYC/AML. |
| Facility Types | PXF, borrowing base RCF, inventory repo/warehouse receipt, receivables discount or purchase, LC discounting and risk participation, tolling finance, prepayment with SBLC/APG. |
| Size | Minimum USD 10,000,000 (aggregate). Scalable subject to limits and collateral. |
| Tenor | PXF up to 3 years. RCF 364 days revolving (extendable). Receivables and LC per buyer tenor. Repo up to 12 months. |
| Collateral & Control | Title documents, warehouse receipts, terminal LOUs, pledges and assignments, control over collection accounts, SBLC/APG where applicable, insurance endorsements naming lender and loss payee. |
| Advance & Eligibility | Advance vs eligible stock and AR with concentration caps, aging limits, FX limits, and daily or weekly MTM for inventory. |
| Pricing | LC and risk fees and/or benchmark (SOFR/EURIBOR) + margin on drawn, undrawn fee where applicable. Borrower pays legal, inspection, storage, and agency costs. |
| Covenants | Reporting of positions, movements and collections, hedging policy if required, maintenance of insurance, restrictions on liens, permitted disposals via controlled release. |
| Conditions Precedent | Executed finance and security documents, control agreements, terminal LOUs, inspections, insurance endorsements, legal opinions, sanctions and compliance checks cleared. |
| Events of Default | Non-payment, loss of collateral control, documentary defects not cured, sanctions or compliance breach, insolvency, covenant breaches, material adverse misstatement. |
| FG Capital Advisors Fees | Mandate/Retainer: USD 40,000–60,000 (non-refundable). Success Fee: 3.0%–3.5% of funded or issued amounts (standard 3.25%). Payable at signing or first draw per mandate. |
| Timeline | Complete file with aligned draft texts and controls can close in weeks. Multi-terminal security or complex jurisdictions take longer. |
| Governing Law | To be agreed with lenders considering collateral location and security perfection. |
Indicative only and subject to lender underwriting, limits, collateral verification, and documentation.
Execution Process
Request Structured Commodity Finance
Share the commodity, corridor, shipment plan, collateral pack, and target timeline. We will source lenders, align documentation, and run execution to funding.
Start Your RequestFAQs
Which rule set applies?
Commercial letters of credit reference UCP 600. Standby letters of credit reference ISP98. Reimbursement may reference URR 725.
Do you arrange prepayments?
Yes. Prepayment is paired with SBLC or APG support, title and inspection controls, and clear release mechanics.
What is the minimum facility?
USD 10,000,000 aggregate commitment. Smaller sizes rarely clear lender economics and limit thresholds.
Do you fund directly?
No. We act as arranger and advisor, matching sponsors with suitable lenders and coordinating execution to issuance and first draw.
Disclaimer. Facilities are subject to underwriting, KYC/AML, country and counterparty limits, collateral eligibility, sanctions checks, and documentation. Bank charges and third-party costs are separate from our fees.
