product · May 20, 2026
FIS Supply Chain Finance Platform Selected by Glencore for $2.55B Program
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On May 12, 2026 FIS announced that its Supply Chain Finance Platform, formerly known as Demica, was selected by Glencore PLC to power an inaugural $2.55 billion trade receivables securitization program. The facility for Glencore’s oil and gas commodity business is backed by a consortium of six leading financial institutions and ranks among the largest oil and gas trade receivables transactions executed. Glencore uses the platform hosted on Microsoft Azure for seamless multi-jurisdictional onboarding, automated regulatory reporting, real-time monitoring, and transparent performance reporting. FIS provides the technology infrastructure and operational support for the global transaction.
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