Glencore Secures $2.55bn Trade Receivables Securitisation Using FIS Platform

Deal Summary

Glencore PLC launched a $2.55bn trade receivables securitisation for its oil and gas business, backed by a consortium of six banks. The transaction will be powered by FIS’s Supply Chain Finance Platform, providing technology, reporting and operational support. The facility marks a milestone in structured trade finance for the commodities sector.