17th & 18th MAY 2018GRAND HOTEL KRASNAPOLSKY, DAM 9, 1012 JS, AMSTERDAM, NETHERLANDS

PARTNERS

SPONSORS

SUPPORTERS ASSOCIATION PARTNERS

Thank you to our sponsors

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17th & 18th May 2018

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Grand Hotel Krasnapolsky, Dam 9, 1012 JS, Amsterdam, Netherlands

Alexander PetersSwiss Commodity Club

Cheam Hing LeeRhodium Resources Pte Ltd

“Exceptional approach allowing interactions and

debate.”

John GoodridgeBP

As commodity prices begin to stabilise and the industry looks to dust itself off after the worst downturn in twenty years, we find ourselves at a key inflection point in the timeline of the

commodity finance industry. On the one hand we have a booming global economy, new markets and commodities emerging and revolutionary technologies and innovations being developed. On the other hand we have growing political instability, stringent regulatory policy, increasing competition as well as shifting consumer demands. This two day conference will examine all of

these trends and discuss the key drivers affecting deal making in the industry.

TXF is returning to Amsterdam for the fifth edition the annual TXF Amsterdam: Natural Resources & Commodities Finance summit. With over 400 senior decision and deal makers in attendance in 2017, TXF Amsterdam has quickly

established itself as the premier conference dedicated to discussing and facilitating commodity finance.

“I would like to congratulate you for the great conference you

arranged in Amsterdam. I had a great time and managed to refresh

old contacts and enlarge my network even further.”

“Great opportunity to test what is really happening in the market, meet old friends, and make new

ones.”

WHY ATTEND?

LIVELY & CONFIDENTIAL

DEBATENETWORKING CONCIERGE SERVICEWe’ll send you the full delegate list a week

before the conference and will help you arrange meetings in advance. TXF prides itself on it’s relationship with all delegates

so feel free to ask one of our members of staff for an introduction to another

delegate.

INTIMATE NETWORKING OPPORTUNITIESWe’re not just about great content. TXF’s pre-conference drinks, industry awards

dinner, access to dedicated meeting areas, walking tour, running clubs plus other

activities are all included in your ticket.

CASE STUDY WORKSHOPSCorporates and financiers alike share genuine success stories, discuss their financing strategies and analyse the

potential pitfalls and opportunities that can arise.

CHATHAM HOUSE RULESWe know discussing issues off the record

guarantees honest debate and fosters strong relationships.

IDEA LABSIntimate discussion groups that stimulate collaboration and critical discussion on the key topics which are impacting the

industry.

A fun and engaging way to wrap up the discussion. This pricing session sees

industry experts go through a series of hypothetical deal proposals and debate.

Industry leaders provide their insight and analysis of the key trends driving the

market.

INDUSTRY LEADER KEYNOTES

DEAL OR NO DEAL SESSIONS

LEARNINGNETWORKING & DEAL MAKING

THE 3 CORE PILLARS OF TXF AMSTERDAM 2018

2. 3.1.

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At TXF, we understand the benefits of attending events. We also understand that you need to justify both the financial and opportunity costs attached to your attendance.

Our guarantee: Every single aspect of TXF Amsterdam 2018, from sessions to outside activities, have been thought out to ensure you can maximise the benefits for you and your team.

Join the leaders of the commodity Finance industry

Who could you meet? See who joined us last year to find out:

AbbVieADM International

Afco EnergyAgrimoney

AKA Ausfuhrkredit-Gesellschaft mbH

Allen & OveryAlpicom S.A.

Alvean Sugar SLAmaggi International (AIL)

Ameropa AGAmsterdam Trade Bank

AonArcher Daniels Midland

AretepAreti Energy SA

Argus MediaBank of China

Barak Fund ManagementBB Energy

BeCyberSureBerne Union

BlockEx S.a.r.l.BlockLab

BNP ParibasBP

BPL GlobalBunge

Bureau van DijkCarbones

Castleton Commodities International (CCI)

CegekaCentral European Gas Hub

Cercle CyclopeCiti

Clearsource Pte LtdClevis Research

CLEVIS Research GmbHClifford Chance

Clyde & CoCMS

COFCOColoured Finches

CommerzbankContingent Technologies

CredendoCredit Agricole Corporate and

Investment BankCRU GroupCzarnikow

Deloitte

Deutsche BankDHL Inventory Finance Services

GmbHDongying Lufang Metals Material

Drum Risk LtdDrumlin Capital Management

Dtek HoldingsDubai Multi Commodities Centre

DZ BankEBS Business SchoolEckermann Partners

Ed&f manEDF Trading

Engelhart Commodities Trading Partners

Equant AnalyticsEquinox Global

Erste Group BankETG Commodities Inc

Eurasian Natural Resources Corporation

EuroclearEXX AFRICA

Fangyuan GroupFImetrixFinacity

Financial Services Authority of Indonesia

FMO Development BankGaranti Bank International

GazpromGemini Corporation

Gerald GroupGerald MetalsGetinge Group

GFinanceGlencore

Global CoalGlobal Finance & Capital Ltd

Global Trade CorporationGreensill Capital

Groupe SEBGunvor

Herbert Smith Freehills LLPHFW

Hoogtwegt GroupHSBC

HuaweiIBM

ICBC (London) plcICBC Standard Bank

Indagro

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Industrial and Commercial Bank of China (ICBC)

INGInnopay

INOKS CapitalInternational Trade Finance

Intesa SanpaoloINTIXISD

Islan InvestmentsITFA (International Trade &

Forfaiting Association)KAR Company for Electricity

Power Production Ltd.Kernel HoldingKfW IPEX-BankKING TRADING

Kingbird CommoditiesKME Group

LakestarLambert CommoditiesLandesbank Baden -

Wurttemberg (LBBW)Liberty Commodities Group

Liberty Global GroupLiberty House Group

LinklatersLITASCO

London Metal ExchangeLouis Dreyfus Commodities

LYB Finance CompanyMacquarie

Macquarie Bank International Limited

MaerskMarkham Rae

MarshMastercardMET Group

Micro Informatique & Technologies SA

Mitsubishi UFJ Financial Group (MUFG)Mizuho

MKS PAMP GroupMoody’s

Morgan StanleyMunich Re

Natural Resources Governance Institute

Nedbank Corporate & Investment Bank

Netherlands Authority for the Financial MarketsNeumann GruppeNew Oak Capital

NideraNN Investment Partners

Nomura SecuritiesOrange Romania

OrascomOrbian

Ornua Co-operativePeters & PetersPetrochina UKPhilips Capital

Philips Group ProcurementPhoenix Commodities

PIB Insurance BrokersPole Star

PwCQuadra Commodities

RabobankRaiffeisen Bank International

Reckitt BenckiserReed Business Information

Reed SmithReuben Brothers Limited

Reukema RecyclingRhodium Resources Pte Ltd

Riverdale CommoditiesRock Elm Capital

RonlySantander Bank

Satoshi.ltdSberbank (Switzerland) AG

SCCF Structured Commodity & Corporate FinanceSchrijver & Partners

Shandong Qingyuan GroupShell Trading & ShippingSmart Currency Business

SOCARSovereign Wealth Fund Institute

Standard CharteredSteinweg - Handelsveem

STSASucafina

Sucres et DenréesSullivan & Worcester

Sumitomo Mitsui Banking Corporation (SMBC)

Sustainable Finance & InsuranceSwiss Commodity Club

Swiss ReTAN

TauliaTELF

TemenosTenova Mining & MInerals

Texel Finance LtdThe Bank of New York MellonTiryaki Agro Gida San. ve Tic

TOTSATrade House FZC

TrafiguraTransamine Trading

Treasury Management InternationalTricon Energy

UniCreditVA Intertrading

AktiengesellschaftVaro Energy

VeonViant Commodities

Vicenda GroupVitolWave

Westford Trade Services LTDWillis Towers Watson

Wyelands Capital LimitedXL CatlinZalando

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CONFIRMED SPEAKERS

Nataliya FrolovaHead of Trade and Corporate FinanceGazprom Marketing & Trading

Marc PfefferliHead of Group Treasury & Corporate FinanceMET Group

Tawfik SadfiHead of Structured Trade FinanceGunvor

Maarten KoningManaging Director, Global Head Structured Metals & Energy FinanceING

John MacNamaraManaging Director, Global Head Of Structured Commodity Trade FinanceDeutsche Bank

Pierpaolo Di FabioCFOKME Group

Mark SegallPartnerCMS

Canan TulumHead of Treasury & Trade FinancePetrochina

Jean-Francois LambertCommodity Finance ExpertLambert Commodities

Jean CravenCEO & DirectorBarak Fund Management

Nick HaslettSenior Managing Director - Chief Strategy Officer and Head of Business DevelopmentCastleton Commodities International (CCI)

Daniel HaudenschildCEOSwisscom Blockchain AG

Sanjeev DuttaExecutive Director - CommoditiesDMCC

Simon BessantDirectorTexel Finance

Stephane PlacideHead of Structured Finance – AfricaTrafigura

Robert BesselingExecuive DirectorExx Africa

Niels de RuPartnerAllen & Overy

Harris AntoniouCEOAmsterdam Trade Bank

Jonathan SolomonPartnerReed Smith

Kris Van BroekhovenManaging Director, Global Head of Commodity Trade FinanceCitibank

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AgendaDAY 1: 17th May

08:00

09:00

COFFEE & REGISTRATIONDon’t forget to bring your business card to register! Once you’ve got your badge, help yourself to a coffee and croissant and start mingling.

WELCOME TO TXF AMSTERDAM 2018!Whether you’re making your TXF debut or returning for the fifth year in a row, we’re delighted to have you all in attendance. TXF’s Editor-in-Chief, Jonathan Bell, provides an overview of what you can expect from this two day extravaganza dedicated to all things natural resources and commodities finance.Jonathan Bell, Editor-in-Chief, TXF

09:05

KEYNOTE ADDRESSTHE TIMES THEY ARE a-CHANGIN’: A LOOK TO THE FUTURE OF THE COMMODITIES INDUSTRYFrom politics to climates, regulation to technology, consumer demands to product offerings, the world is seemingly awash with change. Whilst change can bring with it difficulties, so too can it bring opportunities. This keynote address looks to the future of the commodities industry and highlights the exciting opportunities which are being presented to those that are willing to embrace the change.

09:30

LIVE AUDIENCE SURVEY: YOUR VIEWS ON THE MARKETIt’s not every day you get 300 of the commodity industry’s most senior deal and decision makers together in one room. Traders, producers, financiers, investors, insurers, lawyers, collateral managers, economists....etc; if they’re anyone in the industry they’re here. This anonymous live survey is a chance to hear your thoughts on the key trends which are shaping the market. After the conference we’ll send you a full set of annotated results. So grab your keypads and start voting!Hesham Zakai, Associate Director, TXF

09:45

KEYNOTE TRADERS’ PANELCONSOLIDATION & COMPETITION: THE RACE TO THE TOP FOR COMMODITY TRADERSWith a growing trend towards scale and consolidation in the commodity trading market, should this be cause for concern? What does the future look like for trading houses and what options do smaller houses have for staying ahead in this highly competitive industry?

Gazprom Marketing & TradingMET Group

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10:30 NETWORKING COFFEE BREAKThe full delegate list will be released in advance. Ask us about our networking concierge service to help you set up meetings.

11:30

PLENARY STREAM INSURING COMMODITY FINANCE

WORKSHOP: MAPPING OUT THE INSURANCE CLAIMS PROCESSTrade credit and political risk insurance can form a valuable extension to a company’s credit management and risk mitigation processes. However, a lack of transparency over claims figures means that the product continues to be viewed with caution. Why is this when less than 1% of claims go unpaid? From default to payment, this educational workshop provides a step by step journey through the process of making an insurance claim.

12:15

KEYNOTE BANKERS’ PANELBOOM YEARS: ASSESSING THE IMPACT OF ECONOMIC GROWTH AND RISING INTEREST RATES ON COMMODITY FINANCINGThe global economy is facing a key inflection point and so too is the commodity industry. With global GDP forecast to double in the next twenty years and triple by the year 2050, we’re entering into an unprecedented period of global economic expansion. Couple that with a forecasted 2% rise in global interest rates for 2018 and things get even more interesting. This panel of experts assess the impact that these changes are set to have on commodity financing.Kris Van Broekhoven, Global Head of Commodity Trade Finance, CitibankMaarten Koning, Managing Director, Global Head Structured Metals & Energy Finance, INGHarris Antoniou, CEO, Amsterdam Trade BankJohn MacNamara, Managing Director, Global Head of Structured Commodity Trade Finance, Deutsche Bank

INSURANCE MARKET FEEDBACK: THE EVOLVING DEMANDS OF COMMODITY TRADERS & PRODUCERSAs the commodity trading landscape continues to evolve, so do the demands of traders and producers. With commodity traders consolidating and adopting the role of financier, what added risks does this bring and how can insurance products evolve to help to mitigate these risks? How can the insurance market better support producers in their credit management needs? This panel of traders and producers give their feedback to the insurance market.

13:00 LUNCH

KEYNOTE PRODUCERS’ PANELTHE LONG ROAD TO RECOVERYAs many commodity prices begin to stabilise, the road to recovery begins for commodity producers. How are producers faring and what strategies for success did they learn during the pricing downturn? How has access to and cost of financing changed in the last 12 months? Is diversification into trading a viable business proposition for producers? How can technology be used to improve production techniques and increase competitive advantage?Pierpaolo Di Fabio, CFO, KME GroupCanan Tulum, Head of Treasury & Trade Finance, Petrochina

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14:30

15:30

REGIONAL ROUNDTABLESDelegates can choose which one of these concurrent discussion groups they would like to attend. Each one will be led by experts in that region.

SECTOR SPOTLIGHTSDelegates can choose which one of these concurrent discussion groups they would like to attend. Each one will be led by experts in that sector.

MIDDLE EAST & AFRICA- Impact of the escalating debt crisis in Africa.

- The resurging economies of South Africa, Angola, Nigeria and Egypt.- The latest on the recent boom of Tanzania and Ethiopia.- Political and credit risks in the region.- Growing demand for new forms of debt in the Middle East.- The latest on post-sanction Iran.

Robert Besseling, Executive Director, EXX Africa

Sanjeev Dutta, Executive Director - Commodities, DMCC

ENERGY- LNG and the birth of a new commodity.- With peak demand looming, what’s the future for oil?- Are rising oil prices sustainable and how long will OPEC stand firm on production caps?- Who is taking up the matle when it comes to financing coal?

RUSSIA, CARs & CEE- Dealing with a sanction-riddled Russia.- The changing face of financing deals in Central Asian Republics.- Where will new deals come from?- Oil prepayment deals and the role of SPVs.- Update on the Ukrainian market.- The untapped potential of the Black Sea & Caspian regions.

Mark Segall, Partner, CMS

METALS & MINING- The impact of enforced supply cuts on Chinese metals producers and the growing demand for offshore debt.- India’s growing influence as a global producer of steel.- How renewables and electric cars are giving metals a new lease of life.- The boom of nickel, coalt, copper, lithium and graphite.

ASIA-PACIFICThe growing influence of Asia-Pacific as a commodity trading hub and how it could challenge and/or complement Europe’s dominance.Breaking into the China domestic market.The role of coal in Asia.The state of the private insurance market in Asia-Pacific.The fall of Noble Group.

SOFTS- Is there a future for the pure-agri trading model and will 2018 see the end of the ABCD?

- The potential for blockchain and digitisation in agri-trading.

- The latest trends in global food consumption.

15:15

16:15

17:30

SHORT COFFEE BREAK

NETWORKING COFFEE BREAK

DRINKS RECEPTION & INDUSTRY DINNER

16:45

DEAL, NO DEAL OR DISTRIBUTEA staple of TXF events, this session is a fun and interactive way to look at pricing and deal making. We present a panel of industry experts with a series of hypothetical deals. Their task is to decide:1. Whether they would do the deal2. How they would price the deal3. Whether they would distribute the dealThe audience can then vote on what they would do, faced with these deals.

Texel Finance

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DRINKS RECEPTION & INDUSTRY DINNER

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Want a VIP sponsor experience? Contact charles.osborne@txfmedia.com to find out more about our industry dinner.

Join us after day one for our famous industry dinner and the Perfect 10 awards ceremony. Included in the price of your ticket, this is a chance to network in a relaxed atmosphere

with drinks, food and maybe even some disco dancing.

Day 2: 18th May

08:30 COFFEE & REGISTRATION

09:00CHAIRMAN’S OPENING REMARKS: WELCOME TO DAY TWO!Jonathan Bell, Editor-in-Chief, TXF

09:05

10:00

TALES & TRAVAILS OF COMMODITY PLAYERSAs you dust off the cobwebs from the night before and wait for the coffee to kick in, we take a trip down memory lane. These industry mainstays trade anecdotes and share their most interesting and amusing experiences from working within the industry.

THE TOP TRENDS IN FINANCING COMMODITIESThis session provides a comprehensive overview of the key findings from the annual TXF state of commodity finance survey including:

- Which structures are proving popular and why?

- Which regions and sectors are showing promise and which are concerning practitioners?

- What trends we are seeing when it comes to deal pricing and alternative sources of financing?

- What issues are being identified in the market, from key legal and regulatory concerns to the implications of sanctions?

- What obstacles are preventing businesses from expanding into new markets, from lack of understanding of countries to inability to access credit?Niels De Rue, Partner, Allen & Overy

09:30LET’S GET PHYSICAL: THE STATE OF THE DRY BULK SHIPPING MARKETThe state of the dry bulk shipping market is often a good barometer for the changing demands and supplies in commodities. This presentation provides a snapshot of the state of the dry bulk shipping industry and consequently the wider commodities market.

10:45 NETWORKING COFFEE BREAK

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11:15

12:00

PLENARY STREAM INDUSTRY CASE STUDIES

THE RISE OF THE COMMODITY FUNDAt a time when demand for commodity trade finance remains high but traditional providers of liquidity are shutting up shop, commodity funds are coming to the rescue. This small, but increasingly important sector of the market, is a vital lifeline for smaller producers and commodity traders. This session provides an overview of the market and explores the steps that need to be taken to continue its development.Jean Craven, CEO & Director, Barak Fund Management

FINTECH & DIGITISATION:BRINGING COMMODITY FINANCE INTO THE 21st CENTURYWatch as experts in blockchain, eBL and satellite tracking stake their claim to be crowned the hottest tech in commodities finance. Our panel of trade and commodity experts will put their presentations to the test in an attempt to separate the wheat from the chaff.Daniel Haudenschild, CEO, Swisscom Blockchain AG

SUSTAINABILITY LINKED FINANCING: GAINING A COMPETITIVE ADVANTAGE WITH GREEN FINANCINGDespite the major efforts of charities and NGOs to clean up the world of commodities, progress has been slow. This could be set to change with the advent of sustainability linked loans. With companies such as Wilmar and Barry Callebaut leading the way with high profile green financings in 2017, this session uses case studies to analyse how companies can improve their cost of funding and gain a competitive advantage by embracing sustainable practices.

INVENTORY BACKED SECURITISATION: DIVERSIFYING YOUR FINANCING TOOLKIT BY LEVERAGING YOUR INVENTORYAs size and scale become key for staying ahead in an increasingly competitive commodity market, access to diverse sources of funding is crucial. Inventory backed securitisation is one tool that traders are adding to their financing toolkit and given the competitive margins that it has to offer, it could be a template for others to follow. This session looks at the benefits that inventory backed securitisation has to offer whilst also weighing up the risks that warehouse financing can bring.

NETWORKING LUNCH SESSIONSEnjoy your lunch in the main dining area or alternatively, attend one of our networking lunch sessions.

12:45

INVESTING IN TRADE & COMMODITY FINANCEWith high yields and low volatility, trade finance represent an attractive asset class with huge potential. This networking lunch offers you the chance to mingle with investors and learn more about this exciting asset class.

WOMEN IN COMMODITY FINANCEAs equality and diversity slowly becomes the norm in the industry, we celebrate the recent strides that have been made. This networking lunch offers you the chance to mingle with other champions of this cause and discuss ways to help encourage more women into the industry.

14:00 INDUSTRY SHOWDOWN

15:00CHAIRMAN’S CLOSING REMARKS: TOP 10 TAKEAWAYS FROM TXF AMSTERDAM 2018Jonathan Bell, Editor-in-Chief, TXF

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