Commodities

The Commodities Trading and Structuring team provides risk management and yield-enhancing structured solutions for clients.

Products include:

• Commodity forwards;
• Futures;
• Swaps;
• Asian swaps;
• Cross currency commodity swaps;
• Commodity options.

The major commodity markets include:

• Precious metals – gold, silver, platinum and palladium.
• Base metals – copper, aluminium, zinc, lead, tin and nickel.
• Energy – WTI crude, Brent crude, natural gas and gas oil.
• Softs – corn, wheat, soybeans, sugar, cotton, cocoa and coffee on the Chicago Board of Trade (CBOT) and the South African Futures Exchange (SAFEX), where applicable.

The team also provides physical grain carries under repo, haircut and optional structures. By working closely with our Global Commodity Finance team, we are able to provide additional facilities that include collateral management arrangements (CMAs) and milldoor financing.

We are the primary marketmaker on SAFEX for cash-settled foreign-referenced commodity futures and options, and quote prices on the options for these foreign-referenced commodities.