# this paragraph basically summarize the essence of the structured trade finance value proposition very

clearly.

# not “rely on the balance sheet of the borrower” is the key.

# I have a feeling that the structured trade finance is very project oriented. Each particular project may
have a unique structured trade finance solution. Wonder whether it can be also called project finance.

# a great way to explain what “syndicate” means in finance and lending.

# This line summarize the difference between “structured trade finance” and “traditional trade finance”.
Performance is more relevant in structured trade finance.

# it seems the author tries to emphasis the project nature of the “structured trade finance”. Given its
project like, the original borrower’s whole balance sheet is less relevant than the particular soundness of
the project.