product · May 18, 2026
FIS Supply Chain Finance Platform Powers $2.55 Billion Glencore Securitization
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FIS announced on May 12, 2026 that its Supply Chain Finance Platform powers Glencore PLC's inaugural $2.55 billion oil and gas trade receivables securitization. The platform, formerly known as Demica and hosted on Microsoft Azure, enables real-time monitoring and automated regulatory reporting across multiple jurisdictions. A consortium of six leading financial institutions backs the facility. The deal marks one of the largest oil and gas trade receivables transactions executed.
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