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Leading North American receivables financier announces net earnings increase...

Accord Financial Corp., a leading North American provider of asset-based financial services to businesses, including factoring, financing, credit investigation and guarantees, is pleased to announce its consolidated financial results for the fourth quarter and year ended December 31, 2002. Factoring...

Chubb expands trade-credit practice in Canada

Global demand for trade-credit insurance is surging amid slow payment patterns and concerns of defaults on trade obligations, according to…


GE Capital to double small business client base in...

GE Capital Bank is shifting its Mexican business strategy to greater lending to small- and medium-sized enterprises (SMEs), local daily…


Apparel manufacturer secures $25m credit revolver against L/Cs, factoring...

Candie's, Inc. (NASDAQ:CAND) today announced that its wholly owned subsidiary, Unzipped Apparel, LLC, which manufactures and sells Bongo jeanswear, signed…


Survey reveals factoring leads credit insurance as the most...

More than half of the companies within the apparel and home goods industries have failed to diversify their customer base…

#CIT#credit protection#management


Credit insurer and factor join forces to open foreign...

Small business exporters have a new opportunity to purchase a foreign receivables factoring service from Export Bank (a service of…


Interest rates raised in effort to curb inflation

Brazil's central bank raised interest rates for the second time in a month to curb what new President Luiz Inбcio…

#bank#banks#emerging markets


Freight bill factor files Chapter 7

A Denver transportation company was forced into Chapter 7 bankruptcy liquidation on 14 February according to US Bankruptcy Court filings.…

#3M#bankruptcy#Bill


Government proposed changes to the law will impact factors

The Mexican government will propose modifications to the Auxiliary Credit Organizations Law over the coming months, which would apply to…

#leasing#risk#Vice president


Electronic loans to SMEs of US$15.6m via B2B portal...

Colombia's largest bank, Bancolombia (www.bancolombia.com), paid out in 2002 46.4bn pesos (US$15.6m) through its B2B portal Credipagos Virtual, said electronic…


Coface reduces exposure 15%

Coface, the French credit insurance specialist, has reduced its exposure to Brazil by 15% to US$1.08bn, daily Valor Economico reported.…

#AIG#banks#emerging markets


Business association calls for company debt moratorium

Venezuelan public and private sector banks will have to restructure the debts of small- and medium-sized enterprises (SMEs) that have…

#banks#interest#international

Kaulkin Ginsberg report the second busiest year in accounts...

Kaulkin Ginsberg today announced that with 55 deals completed in 2002, the year was the second busiest ever in Accounts…

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