CGC Creates Financing Business
As part of its ongoing drive to service its clients better, Cornerstone has recently added to its diverse brokerage services by creating a financing consultancy business which will assist clients with their short- and medium-term financing needs through commodity inventory financing and exchange margin financing. These forms of financing have previously been almost exclusively available through banks, but with banks’ continuing retreat from full engagement in the commodities sector, and increasing credit challenges for the commodities sector, such financing is becoming more difficult, complex and expensive to access.
Cornerstone has assembled an experienced team which has taken on the challenge of making these financing solutions accessible to our clients in a more efficient and practical way than previously available. The resulting products are modular, flexible and user-friendly, with competitive pricing and substantially less lead time and documentation than conventional arrangements. Cornerstone has also secured access to substantial non-bank financing to ensure rapid and reliable deployment of these solutions.
We believe that in the current credit-constrained and low-price environment, these products will quickly become a vital tool in the armory of energy and other commodity companies, not only to address temporary or on-going working capital needs, but also to take full advantage of contango markets with maximum capital efficiency.
We are always happy to discuss these and our other consultancy and brokerage services with you. If you would like to learn more, please contact us.