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.
Informing Today’s Market, Financing tomorrow’s Trade.
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This refers to a Letter of Credit when the words “documents acceptable as presented” are used. Typically this means that only 3 elements will be examined: At least one of… read more →
In the Bank of England January 2014 Trends in Lending report some interesting changes are outlined. In the report, the Bank of England looked at major UK lenders including Banco… read more →
