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Strategy

Strategy.

Specialist trade finance for the physical commodity supply chain: how the fund lends, and how each trade moves from origination to repayment.

A bulk carrier alongside a quay, seen from above

Strategy

Trade finance, secured by physical control of the collateral.

The fund finances the gap between paying the supplier and being repaid by the borrower. The cargo itself is the collateral, and physical control and ownership of it stay with the fund until the final payment clears.

  • Capital efficiency

    Short-duration capital deployed only into commodity credit. Each loan follows one trade cycle, so capital is repaid and redeployed several times a year.

  • Physical control

    The fund owns and controls the cargo throughout, with monitored warehousing, embedded hedging and a network of buyers ready to take the goods if a borrower defaults.

  • Risk containment

    Every trade is continuously monitored, with layered mitigants: over-collateralisation, commodity price monitoring, independent surveyors, insurance and alternative buyers for the collateral.

  • Yield conversion

    Collateral-backed yields, delivered to investors as net returns after credit costs. The full economics are set out in the fund documents.

The trade cycle

  1. 01Offshore sourcingSuppliers and factories
  2. 02Voyage and storageWatched throughout
  3. 03Onshore salesBuyers and offtakers

How a deal works

Every journey, accounted for.

Each loan finances one physical trade. The fund buys the cargo, keeps it sealed under its control through the voyage, and releases it only when the borrower has repaid.

Before a dollar moves

✓Counterparties screened
✓No existing claims on the cargo
✓Inspected: quantity and quality
✓Investment committee approval
✓Bill of Lading endorsed to the fund
Route · illustrativeROTTERDAMSINGAPOREDay 1 of 24 · departed
BILL OF LADINGShipper: supplier, RotterdamConsignee: to the order of the fundPort of discharge: SingaporeEndorsed to the fund ✓
Deposit firstThe borrower’s own money goes in before the fund’s.
Controlled throughoutInspected, insured, tracked and held under the fund’s control.
Released only when paidThe borrower repays the fund before the goods leave.
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Traxo fund · collateral cover

—Loan to come
✓Investors repaid, with returns
✓Deposit applied to the balance
✓Borrower keeps the rest
Before it movesOn the wayPaid

How Traxo works

From first call to final payment.

Six stages take every trade from origination to repayment. The operating team originates, structures and monitors each trade; the fund underwrites it, deploys the capital and is repaid.

  1. 01Operating team

    Origination

    Client onboarding, trade validation and an initial credit assessment.

  2. 02Operating team

    Structuring

    Tenor, margin buffers and collateral documents are set around the specific cargo.

  3. 03The fund

    Underwriting

    The investment committee assesses default and loss risk, checks the fund’s exposure and approves every transaction.

  4. 04The fund

    Deployment

    The fund pays the supplier directly, and only after the borrower’s deposit has been received.

  5. 05Operating team

    Monitoring

    Shipment tracking, invoice reconciliation and early-warning checks for the life of the trade.

  6. 06The fund

    Repayment

    The borrower repays the fund in full, and only then are the goods released.

On the ground

Collateral you can stand next to.

Every loan is secured by goods that exist in a port, on a vessel or in a monitored warehouse. The fund finances only what can be inspected, insured and tracked.

Port cranes along a quay in daylight, with the sea and breakwaters beyond
Load port Goods inspected before the supplier is paid
Aerial view of a red tanker at sea on dark water
In transit Vessels tracked for the entire voyage
Ship-to-shore cranes along a harbour at sunset
Discharge Goods released only once the borrower has repaid

Illustrative photography. Not Traxo cargo or vessels.