Glencore is committed to creating a safer and more secure trading environment, by offering our counterparties a new invoice verification service: Trakk by Komgo.
Trakk is a tool that provides the opportunity to trace and authenticate digital documents on a secure network, via a QR code, to help manage operational risk. Trakk will protect against fraud by allowing our counterparties the opportunity to certify all Glencore invoices that contain this QR code.
Trakk will be rolled out successively across all Oil Marketing operations. Glencore Ltd and Glencore Singapore Pte Ltd will be the first entities to start registering invoices via Trakk, with Glencore Energy UK Ltd and Glencore Commodities Ltd to follow in due course.