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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Ready to to increase your imports / exports to guarantee the payment and delivery of goods? Find out more about LCs here.
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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.
Luc Hendrickx has been the Director of Enterprise Policy and External Relations at UEAPME since 2000. He is responsible for SME policy, better regulation, legal affairs, internal market issues, accounting, retail, tourism, trade, corporate social responsibility, among others. Luc was a member of the cabinet of the Flemish Minister of the Environment and Employment from 1997 until 2000. In 1989, he joined UNIZO (a Belgian SME organisation) as Legal Counsellor. Between 1992 and 1998, Luc also lectured at VLEKHO (Flemish School of Economics) in Brussels. He started his career in 1986 as a salesman in his sister’s do-it-your-self shop. Luc Hendrickx holds a law degree from the Katholieke Universiteit Leuven in Belgium, a diploma from the Institut Européen des Hautes Etudes Internationales of Nice in France and a masters in European studies from the Universitat Autònoma de Barcelona in Spain.