Notes from our teams on the markets, structures and sectors we work in — written for partners, counterparties and investors who want the view from the ground rather than the view from the terminal.
Collateral control, inspection, insurance and assignment: the four disciplines that separate trade finance from unsecured lending with a nicer name. How ETRUM® structures sovereign-backed commodity flows so that repayment follows delivery, not sentiment.
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Why the architecture matters to investors: domicile, feeder structures, regulatory oversight and what an investor actually owns.
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Owning the chain from raw material to finished goods is how quality, lead times and counterparty risk are controlled.
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Supply is concentrated, logistics are unforgiving, and financing is scarcer than the mineral itself.
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Why a gigawatt ambition should be financed as ten projects — and what that means for off-take, grid and sponsor equity.
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Post-conflict rebuilding fails when capital arrives out of order: access before assets, power before plants.
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Farming, cold chain and processing as a single investable system across Australasia, Asia and Africa.
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Periodic notes from our teams, sent to partners and investors. No marketing, no frequency commitments.
