Rabobank earns award for Best Commodity Deal in Latin America
The International Finance Corporation (IFC) has recognized Rabobank’s global Trade and Commodity Finance (TCF) team with the “2017 Best Trade Finance Deal in Latin America” award for work with Mercon Coffee Group.
As part of its Eighth Global Trade Finance Partners Awards, IFC recognized several of its trade finance partners for their work in assisting the global trade system and supporting critical businesses in emerging markets. IFC started the Global Trade Finance Program in 2005 and says it “remains a critical form of support for thousands of underlying businesses in emerging markets.”
“We’re honored to be recognized among some of the finest financial institutions in the world,” said Managing Director Muriel Schwab, who leads TCF in the Americas for Rabobank and is based in New York. “With dedication and perseverance the global TCF team, together with our clients and partners, reached an impressive commodity finance agreement despite challenging market conditions. We’re incredibly proud of this recognition and appreciate the acknowledgment of our deep sector expertise.”
Mercon is incorporated in the Netherlands and sources coffee in Central America, Brazil and Vietnam out of its Miami office.
TCF operates from 12 offices around the globe, providing a wide range of products related to the trading of physical commodities, including short- to medium-term credit facilities, self-liquidating transactional facilities, borrowing base facilities and trade finance.