Holding JMB logoHOLDING JMB

Trade Finance · March 2026

Working capital in volatile commodity markets

Structuring pre-export finance with robust collateral and documentary controls.

€4.8bn
Subscribed capital
2010
Established
RCS Paris
Registration
Cabinet Sevestre
Statutory auditor
Research Note12 min readHolding JMB Research Office

Executive summary

Commodity price volatility puts pressure on the working capital of producers and traders.

Pre-export finance, backed by documentary controls and collateral management, helps secure supply chains.

Close cooperation with banks and partners is central to managing these risks.

Key takeaways
  • 01Commodity price volatility puts pressure on the working capital of producers and traders.
  • 02Pre-export finance, backed by documentary controls and collateral management, helps secure supply chains.
  • 03Close cooperation with banks and partners is central to managing these risks.
Section 01

Context

This development forms part of Holding JMB's long-term strategy across its core areas of real estate, financial investment and banking instruments.

Section 02

Governance and control

All initiatives are reviewed by the Executive Committee and subject to internal control, compliance and audit procedures in line with the group's governance framework.

Market data

European private credit AUM (illustrative, €bn)
Allocation by strategy (%)

Source: Holding JMB Research Office. Figures are indicative and for illustration only.

  • Code de commerce — L.823-9 (auditor certification)
  • Code monétaire et financier — AML/KYC
  • GDPR (EU) 2016/679

Outlook

Holding JMB will continue to report on its activities with transparency and rigour.
Important notice. This publication is issued by HOLDING JMB, SARL à capital variable, RCS Paris 528 403 074, for information purposes only. It does not constitute investment advice, an offer or solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Figures are indicative and may not reflect actual transactions.