Clients served eviction notices last week as bank moves to downsize NatWest Markets unit Source: Risk feed

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The expected economic recession in the Asia-Pacific region triggered by the coronavirus pandemic will reverberate across the petrochemical supply chain as global demand grinds to a halt, even as China slowly goes back to work. “An enormous first-quarter shock in…

Covantis, the industry initiative that aims to modernize global trade operations, announced today it has received all required regulatory approvals and has incorporated as a legal entity in Geneva, Switzerland, as Covantis SA. The company is co-owned by its founding…

(Ledger Insights) Covantis, the blockchain consortium started by the world’s biggest agribusiness companies, has incorporated in Geneva Switzerland and appointed a CEO. The company is owned by Archer Daniels Midland (ADM), Bunge, Cargill, COFCO, Louis Dreyfus Company, and Glencore Agriculture. The…

Investors that rolled futures contracts before companies axed AGMs “could have lost a lot of money” Source: Risk feed

ESMA opened two consultations relating to EMIR last week: Technical standards on reporting, data quality, data access and registration of Trade Repositories under EMIR REFIT (here). Report on post trade risk reduction services with regards to the clearing obligation (here)….

31 March 2020 – Contour, the open trade finance network, has today announced its partnership with Chinsay, the leading technology company in supply chain data capture and risk management, as an order partner to enhance its offering to trade finance professionals. The partnership follows a successful…

SEOUL (Reuters) – Oil recovered ground on Tuesday after U.S. President Donald Trump and Russian President Vladimir Putin agreed to talks to stabilize energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide….

Three Risk.net webinars available here, covering topics from transition timelines to market turmoil Source: Risk feed

Blow-out in spreads prompted SSGA and other managers to limit need for hedges today Source: Risk feed

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CRUDE OIL May WTI settled at $21.51/bbl on Friday, down from last Wednesday’s high of $25.24/bbl. As of this morning’s trading, front-month WTI was testing support at $20/bbl and the front spread has continued deeper into contango at $3.81/bbl. The…

Late last week, I talked with Carl Vellenoweth of Commoditas Partners about hiring in the commodity technology space. I wanted to get the ‘lay of the land’ in a locked down world. Apparently, there is quite some demand for contractors…

SINGAPORE (Reuters) – Supertanker freight rates are on the rise for a second time this month as producers, refiners and traders scramble to secure ships to transport crude or store a fast-growing global glut of oil, industry sources said. Freight…

The U.S. Energy Information Administration (EIA) is the statistical and analytical agency within the U.S. Department of Energy. EIA produces energy data and analysis to provide context for how a variety of energy industries serve customers in the United States…

Digital transformation has been identified as one way to help improve profitability in commodities trading, where profit margins have been squeezed since 2015. In fact, digital transformation has become a trend in the industry and at least part of the…

A popular relative value strategy delivered unexpected profits when companies axed payouts Source: Risk feed

OSLO (Reuters) – Norway’s Equinor said on Monday its Johan Sverdrup oilfield is ramping up output at a faster pace and will produce more barrels per day than initially expected. Western Europe’s biggest producing oilfield is now expected to hit…

NEW YORK/LONDON/BOGOTA (Reuters) – Coffee importers in some of the largest consuming countries are stockpiling, bringing forward orders by up to a month to avoid shortages if supply chains are disrupted by coronavirus lockdowns. The global pandemic has prompted governments…