29 January 2020

Bringing clarity to prepayments – time for common disclosure rules.

Yesterday we published the brief paper "Prepayments Demystified". As noted by Christophe Salmon, Trafigura Group’s Chief Financial Officer in the foreword: "Natural resources such as oil are public goods that should indeed deliver public good… By publishing this "Prepayments Demystified" document, we hope that we contribute to evolving practices related to prepayment agreements."  This relates particularly to prepayments made to governments and to state-owned entities.