Project: Supply of copper cathodes

ATI supported a regional bank’s Trade Finance Facility for the purchase and sale of copper cathodes. Under the facility, the bank will pay the supplier the required advance payment on behalf of the buyer – a renowned multinational commodities trading company. ATI’s policy covers the buyer when the supplier fails to deliver the commodity and following that fails to reimburse the advance payment. The transaction facilitates trade between Africa and Europe and demonstrates a unique trade finance structure with ATI’s credit-enhancement.

Maximum Sum Insured: $22.5 million