Trafigura Secures $3 Billion Liquidity Buffer as Prices Swing

Trafigura Group secured a new $3 billion credit facility to provide a liquidity buffer against sharp swings in commodity markets, which can leave traders exposed to huge margin calls.

The company set up the new facility in conjunction with a $5.8 billion revolving credit line, and will tap it as required during periods of heightened market volatility, the company said in a statement.