Commenting on key developments that may impact the growth of receivables finance
Receivables finance is a business that has evolved in a significant way over the last years. It has gone from a traditional model, in which the risk was mostly based on the commercial contracts supporting the transaction (bill of lading, letter of credit, etc.), moving to receivables finance in open account basis, in which risk has to be analysed for each of the counterparties. In the last years, the use of insurance to cover the underlying risk has become very usual in the market, increasing the capabilities of the banks. These evolutions explain in part the double-digit growth seen in the last 10 years in this business. However, we still see a lot of room for development in this field.
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