How Glencore is Using Real-Time Monitoring Across Operations
Glencore has selected FIS to deliver technological infrastructure for a US$2.55bn trade receivables securitisation programme in the oil and gas sector.
The partnership will provide real-time monitoring capabilities across the supply chain finance operation.
According to FIS, this represents one of the largest oil and gas trade receivables transactions executed to date. The programme is backed by six financial institutions.
Technology infrastructure for receivables
FIS will provide the Supply Chain Finance Platform to support Glencore's structured finance market entry for its oil and gas commodity operations. The platform delivers technological infrastructure, reporting capabilities and operational support throughout the securitisation process.
Trade receivables securitisation allows businesses to monetise receivables pools, which could create liquidity across supply chains. This approach enables companies to access working capital by converting outstanding invoices into immediate cash flow. The transaction involves multiple jurisdictions, requiring coordination across different regulatory frameworks and operational requirements.
Glencore operates as a trading and mining company with a globally diversified natural resource portfolio. The company focuses on metals, minerals and energy products.
FIS has worked with businesses and institutions for more than 50 years. The company's technology addresses complexities in how money is stored and moved across supply chains.
Platform capabilities for supply chains
The FIS Supply Chain Finance Platform operates on a Microsoft Azure infrastructure. The system can set up deals, monitor portfolios and examine reporting data.
The platform supports programmes across different sizes and industries. According to FIS, the system delivers solutions at scale with flexibility and functionality.
Steve Sabin, SVP, Lending at FIS, says: "The size and scale of Glencore's oil and gas trade securitisation exemplifies how the FIS Supply Chain Finance Platform enables sophisticated financial structures that optimise working capital for global enterprises.
"Our technology and expertise enable our clients to execute complex, cross-border receivables programmes with confidence and transparency. By optimising the movement of capital across the money lifecycle, we are helping businesses like Glencore to unlock money at work through liquidity and drive growth in global markets."
Operational features and monitoring
The FIS platform includes several capabilities for supply chain finance operations:
- Seamless onboarding: The platform and solutions can be deployed across multiple jurisdictions and counterparts, creating workflow without delays.
- Real-time monitoring: Stakeholders can gain insights and visibility into operations for understanding of performance and potential risk.
- Automated regulatory reporting: The solution adheres to reporting requirements throughout the facility lifecycle, which could reduce manual risks.
- Scalable infrastructure: The platform supports management and processing of a diversified portfolio of global trade receivables.
The Glencore oil and gas securitisation programme is worth US$2.55bn. According to FIS, this marks one of the largest oil and gas trade receivables transactions executed.
The transaction represents a development in how the commodity sector participates in structured trade finance. The FIS system provides monitoring and transparency capabilities throughout the supply chain finance process. The partnership demonstrates how technology platforms can support large-scale financial operations across global supply chains.
