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Who lends to commodity borrowers without a track record?

Who lends to commodity borrowers without a track record? At a TTP breakfast hosted with Geoff Wynne, Sullivan & Worcester, industry leaders debated resilience, regulation, and risk in trade finance. Tanya Epshteyn (Czarnikow), James Lowrey (Lloyds Bank), and John MacNamara (Carshalton Commodities) shared candid insights on working capital, lender control, equity requirements, and how smaller players can build credibility in a market dominated by giants.

This episode explores the cost of resilience, the role of transparency, and why structure and insurance are no substitute for equity. It’s a…

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