Where is your cash, right now?
Chowa is the live cash and capital picture for mid-market physical commodity traders. One number, refreshed continuously, drawn from your existing systems. Cargoes, contracts, L/Cs, receivables, counterparty exposure, facility utilisation. Read-only. No CTRM replacement. Built to the standard a trade finance bank evaluates a borrower on.
Less trapped capital. Lower financing drag. More room to trade.
Sits on top of your existing CTRM and treasury systems. Agnostic to Aspect, Allegro, Euclid, or Excel. Read-only.
Profitable trades can still trap cash.
Strong P&L. Tight cash. Three patterns repeat across trading desks, finance teams, and bank facilities.
Contracts settle before receivables come in.
Usance terms and voyage windows leave invoices sitting against drawn facilities for weeks.
Facilities run hot when they do not need to.
Lines drawn early and buffers stacked across desks. Credit usage that does not match the trade.
Capital lives in spreadsheets and bank portals.
Cargoes, invoices, settlements, and facility usage in different systems. Decisions on yesterday's data.
One operating view across the trade lifecycle.
Cargoes, contracts, settlements, receivables, counterparties, and bank facilities connected in one place. Not a dashboard. An operating view of how capital actually moves through your book.
Capital visibility, financing drag, and decision support.
Built for trading, finance, operations, credit, and risk teams inside physical energy trading companies.
One operating view
Cargoes, contracts, settlements, receivables, counterparties, and bank facilities connected in one place.
Capital tied up
See which trades, clients, facilities, and timing gaps are absorbing cash on your balance sheet right now.
Financing drag
Where delayed settlements, collection timing, and facility usage are quietly increasing financing cost.
Decision support
Practical actions that may release capacity, reduce days outstanding, or improve facility usage.
Built to the standard your bank evaluates you on.
Mid-market physical traders get worse facility terms than the majors because the bank cannot get comfortable on the borrower's internal controls. Chowa helps close that gap. Six dimensions, the same dimensions every trade finance credit committee covers in its annual review.
Internal processes
Operational workflows visible, consistent, auditable. Not tribal. Not Excel-bound.
Policies, enforced
Written policy becomes operational. Facility limits, counterparty limits, segregation rules.
Segregation of trades
Front-to-back separation visible in the data. Confirmations, settlements, controls.
Accounting up to date
Operating data current so accounting closes monthly without surprises.
Risk management, live
Exposure, counterparty concentration, facility headroom, position against limits.
Trading, credit risk, audit
The CFO articulates the house's own positions, exposures, controls. Clean audit trail.
Start narrow. Move only if the numbers justify it.
We work case by case with a limited agreed data sample and a clear commercial question. No fixed timeline. No paid pilot.
One hour with your CFO or head of trade finance. We walk through what Chowa shows on a sample of your book. No commitment.
Where cash is tied up across cargoes, contracts, settlements, and bank facilities.
Trapped capital, timing gaps, financing drag, and potential release points in plain terms.
Broader implementation and a long term operating relationship only when the numbers hold.
Borrowers that look institutional on the dimensions you evaluate them on.
The dimensions a trade finance credit committee covers are clear. Internal processes. Policies. Segregation of trades. Accounting cadence. Risk management. Audit trail. Mid-market borrowers often lag majors on these dimensions, not because they cannot run the function but because they do not have the tools. Chowa is built to those dimensions.
- Cleaner borrower reporting. Borrowing base reports, covenant packs, and facility utilisation responses generated from the underlying data. Matches what your credit committee actually needs.
- Faster credit committee turnarounds. Less back and forth with the borrower. Numbers reconcile on first submission. Renewals and top-ups move faster.
- Lower-risk borrowers. Surprises surfaced before they reach the bank. Facility breaches structurally avoided. The borrower's own picture matches the bank's picture.
Read-only. We do not move money. We do not transact. We read, surface, and report. Built in line with Swiss data residency expectations.
Built where capital, risk, and operating data intersect.
Operators, engineers, and senior oil market judgment.
Hartej leads commercial strategy, client relationships, partnerships, and product direction.
He has built companies across cybersecurity, fintech, and enterprise infrastructure, with a focus on high trust environments where capital, risk, and operational data intersect.
Andrew leads engineering, data architecture, security, and technical execution.
He has built secure infrastructure and production systems for complex financial and operating environments.
Chowa is guided by a senior oil industry advisor with direct physical trading experience.
He advises on contract economics, settlement timing, bank facility usage, counterparty exposure, and the operating reality of physical energy trading.
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We work with a small number of trading companies and trade finance partners at a time. Tell us which conversation you want to have.