“Dr. Kirchmayrs´ book, International Structured Trade & Commodity Finance “STCF”, is a comprehensive state-of-the art introduction to STCF. By using a thoroughly analytical approach, the author succeeds in providing in depth insights into both the fundamentals and the techniques of STCF. A number of carefully selected case studies, based on the author´s ample professional experience in this field, give the reader a step by step insight as to how STCF problems can be dealt with and solved in practice. Those readers less familiar with International Trade will welcome supplementary chapters on commodity markets, INCOTERMS, documentary credit techniques, hedging and other technicalities required for successfully managing STCF.The admirably well written monograph truly fills a gap in a hitherto regrettably neglected area of managerial decision making: It can be warmly recommended to all practitioners as well as to those academics working in the field.”o.Univ.Prof. Dr. Edgar TopritzhoferVienna University of Economics and Business Administration“This book combines theory and practice in an easily understandable way and gives an excellent overview of the variety of financial solutions in commodity trade finance to both experts and newcomers.“Dr. Angelo RizzutiGlobal Head of Structured Trade & Export Finance - Unicredit Group"I strongly recommend subject monograph to the participants at all levels of the "STCF - Circle of Opportunity", and particularly to those who want to play a more important role. To those, who want to delve into this area, I encouraged you to not only read “STCF - Circle of Opportunity”, but to discuss and share the specific topics with their colleagues."Univ.Prof. Dr. Aleksej Evgenevich NikiforovCFO - Byelorussian Steel Works“Substantial credit facilities must be extended in order for International Commodity Trading firms to finance their transactions to a successful conclusion. A major portion of such funding continues to be provided by banks in the form of structured trade transactions. The publication “STCF – The Circle of Opportunity” sets forth and establishes, in a unique practical manner, the requisite Know How, to insure that the Circle of Opportunity possibility indeed becomes a reality.”Dr. Jugendra Raghav-SinghChairman of the Stork Group