Treasury

The management of financial risk is fundamental to our success. We have a dedicated team whose responsibility is to implement, manage and assess these risks. This includes implementation of the decisions of our internal credit committee, the management of payments to and from banks and the overall relationship with those banks. The team's specialist knowledge allows us to approach suitable banks for specialist service and proactively manage the financial risks of transactions.

Stemcor has a solid reputation with over 50 of the world’s leading banks, many of which are dominant lenders in international trade and commodities. We have a capital structure with a mix of committed short term and medium term facilities as well as substantial uncommitted transactional financing facilities. We use our own equity and bank borrowings to finance trade, which we sell to customers against letters of credit, on cash against documents terms or on open terms credit (predominantly with insurance cover).

Our rigorous risk management procedures and internal controls ensure that we have at all times an appropriate level of equity capital to absorb the risks we run in the course of our business. Our banking services and risk management activities are not only essential for the internal workings and efficient management of the Company's activities; they also give our bankers and customers confidence in the manner in which we manage our business and commitments.