Lock Finance to focus on factoring with sale of non-core assets

Lock Finance has decided to focus on its core business of factoring and transactional funding and has sold certain loans forming part of its non-core assets to Pacific Dawn Limited, a New Zealand subsidiary of Nomura, a financial services group and the pre-eminent Asian-based global investment bank.

The New Zealand Factoring Industry

Simon Thompson, CEO of Lock Finance, provides an overview of the New Zealand factoring market, covering industry environment, market performance, supply and future trends, for the World Factoring Yearbook 2011.