Do you want to know how access to trade finance can increase your cross-border imports and exports? Explore our Trade Finance hub for practical tools.
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Whether you want updates from infrastructure support to cross-border transactions or clearing house operations to processing techniques, you can find all on our Payments hub.
Ready to to increase your imports / exports to guarantee the payment and delivery of goods? Find out more about LCs here.
Whether you’re transporting goods, or learning about supply chains, warehousing, transportation and packaging, we’ve got you covered.
Need to know which International Commerce Term is right for your needs? Explore our curated guides from shipping expert Bob Ronai.
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Trade finance is a tool that can be used to unlock capital from a company’s existing stock, receivables, or purchase orders. Explore our hub for more.
A common form of business finance where funds are advanced against unpaid invoices prior to customer payment
Also known as SCF, this is a cash flow solution which helps businesses free up working capital trapped in global supply chains.
BoL, BL or B/L, is a legal document that provides multiple functions to make shipping more secure.
A payment instrument where the issuing bank guarantees payment to the seller on behalf of the buyer, provided the seller meets the specified terms and conditions.
The release of working capital from stock, through lenders purchasing stock from a seller on behalf of the buyer.
This allows a business to grow and unlock cash that is tied up in future income
A tool that businesses can use to free up working capital which is tied up in unpaid invoices.
This is commonly used for trading businesses that buy and sell; having suppliers and end buyers
Technology, construction, telecommunications, PPE, and electronics
Raw materials, agricultural products, minerals, metals, and textiles
Pharmaceuticals, chemicals, and energy products
Automotive, aviation, and marine industries
Pharmaceuticals, healthcare equipment, and related sectors
Ores, minerals, metals, and concentrates
Retail stock, e-commerce, textiles, clothing, and consumer goods
Construction, infrastructure, project finance, and green finance
Construction, infrastructure, project finance, and green finance
Food, drink, dairy, confectionery, and alcohol
E-commerce, recruitment, legal services, and hospitality
Financing tomorrow's trade
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
Former CEO
CrediArcBefore joining the Group, Carmine worked in a number of large international groups, and, he was CEO of Coface Middle East & Africa in Morocco, CEO of Coface Israel and CFO of Coface Middle East, Africa & Mediterranean countries.
He was also Group CFO of Rotarex in Luxembourg, CFO of Burgo Ardennes in Belgium and CFO of Indesit in France. He also spent the first years of his career in Finance & Controlling with La Doria and later with Fiat Auto in Italy.
He is a member of the Belgium Order of Chartered Accountants and holds a Degree in Economics and Business Administration from the University of Salerno (Italy).
He holds the Certificate in Global Management from Insead Business School (France).
Mr. Mandola received also several awards as CEO of the Year & Leadership. He also spent some years teaching Finance & Risk Management at Universityof Metz and Nancy (France), and, at Il Sole 24 ore Management School of Milan (Italy).
Life Philosophy: “You will never win if you never begin”
“Ambition is the path to success. Persistence is the vehicle you arrive in”.
Languages: Italian – English – French – Spanish
Italian nationality, Interests: Reading economics, Travelling, Triathlon
Carmine holds a postgraduate degree in Economics and Business Administration and a Certificate in Global Management from INSEAD.
He began his career in 1992 as a Financial Controller of LA DORIA GROUP, before moving on in 1999 to become Outsourcing Controller at FIAT GROUP. In 2001 he joined INDESIT GROUP in France as Financial Director in an international environment. He then moved on to BURGO GROUP in Belgium where he held the position of CFO form 2003 to 2008, before taking over the position of GROUP CFO of ROTAREX GROUP in Luxembourg for four years, and, than he held different positions and in different countries in COFACE GROUP as CFO in Italy, CEO in Israel, COO in Morocco.