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The lingerie retailer, Ann Summers, has secured an £8m asset-based lending (ABL) facility from Secure Trust Bank Commercial Finance to fund future growth.The firm will use the new funds for working capital and to develop its online retail offerings.
08/01/2024
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International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, has announced the extension of its Murabaha Trade Finance Facility to US$45m for City Bank under a syndicated arrangement.
08/01/2024
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Unlike other African countries, Botswana has excellent political stability and a stable economy, with no foreign exchange controls on foreign currency trade and huge fiscal incentives. Factoring in Botswana is on the one hand challenging, and on the other offers incredible opportunities, according to William T Mu
05/01/2024
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New origination activity was muted, but portfolios showed no signs of major deterioration
05/01/2024
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Dun & Bradstreet (D&B), a leading global provider of business decisioning data and analytics, has announced the cooperation with Hong Kong Export Credit Insurance Corporation (HKECIC) to support Hong Kong exporters to access reliable and comprehensive data plus analysis provided by the two partners with the launch of "HKECIC - D&B Export Credit Risk Index".
04/01/2024
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Paragon Bank’s SME lending division has unveiled a new structure for its sales function, bolstering both the broker and vendor teams, while retaining a clear focus on its specialist markets. The function will consist of three distinct teams – broker, vendor and specialist lending.
04/01/2024
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Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Andrew Jackson to the role of Global Head of Business Development
04/01/2024
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The digital age has progressed in 2023 for the receivables finance, trade loans and trade finance industry, with many successes, said Robert Meters, trfnews Editorial Board Member and Director Global Business, SCHUMANN
04/01/2024
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Haversine Funding, a leader in the commercial lender finance sector, is proud to announce the appointment of Vince Mancuso as its new managing director. Vince brings over 25 years of rich experience in commercial finance, enhancing Haversine’s expertise and strategic capabilities.
04/01/2024
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Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from US$1.1bn to US$1.5bn of the commitment capacity, with an accordion feature of an additional US$1bn, for the accounts receivable (AR) securitisation programme (“Programme”) of Bunge Global SA (“Bunge”), a leading global agribusiness and food company. As part of the process, Finacity also supported the addition of 2 new seller countries, Mexico and Poland, and 7 new subsidiary company originators for Bunge in its Program.
03/01/2024
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Deutsche Bank today announced the US$3.5bn issuance of TRAFIN 2023-1, the fifth iteration of its trade finance significant risk transfer synthetic securitisation.To provide credit protection for an underlying and revolving portfolio of US$3.5bn in trade finance assets, Deutsche Bank has originated, structured, arranged and placed a first loss tranche of US$227.5m with a syndicate of institutional investors from Europe and the Americas. The issuance follows the maturity of TRAFIN 2018-1 – the bank’s fourth iteration of this trade finance securitisation – in November 2023.
03/01/2024
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The global economic downturn in 2022 affected Austria in the third quarter of the year, but for the year as a whole Austria's GDP grew by 4.7 per cent due to strong economic activity in the first half of the year, according to the article written by Simon Peterman, CEE Factoring Competence Centre, Raiffeisen Factor Bank AG, Austria, and included in the most recent edition of the
03/01/2024
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InvoiceMate, a Dubai-based blockchain invoice finance fintech, has carried out a successful pilot transaction, showcasing the tokenisation of an invoice using the XDC blockchain protocol and TradeFinex's open source smart contract standards. The transaction was converting paper invoice into e-invoice, tokenisation and fractionalisation of the e-invoice and was providing funding against the fractionalised e-invoice using FDX stablecoin.
02/01/2024
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Invoicemart, India’s largest Trade Receivable Discounting System (TReDS) platform, has sign a Memorandum of Understanding (MoU) with Grameen Foundation for Social Impact (GFSI), a not-for-profit organisation, to create a positive social impact by offering value-added services to women-led micro, small, and medium enterprises (MSMEs) in India. The MoU will also enhance access to the mentoring, guidance, and finance required for women to grow and scale their businesses.
02/01/2024
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Fourshore Partners (Fourshore) has announced its acquisition of Power Funding ("Power"; "Company"), a premier factoring company focused on the oil & gas and transportation industries.Power Funding provides working capital to the oil & gas and trucking industries through the purchase of invoices generated by small- and medium-sized businesses at a discount to provide immediate working capital to such companies. Power positions itself as being a long-term partner to its customers and prides itself for having relationships that far exceed the industry average in length.
02/01/2024
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