ONDD announces changes to political risk ratings

Within the framework of the Organisation for Economic Co-operation and Development (OECD) arrangement, Belgian export credit insurer ONDD has increased its insurance premiums for political risk associated with...

A rising voice in Europe

Magdalena Wessel, Chairwoman of the of the EU Federation Legal Committee and member of the Legal Department of the German Factoring Association, talks to Factorscan about the benefits of membership of the EU Federation, its role in promoting the industry to EU policy holders and the Federation's plans for the coming years.

A European payment complex

The Single Euro Payment Area (SEPA) looks set to change the payment landscape of Europe. With almost all of the banks of the euro area signed up for the scheme, but levels of usage hovering somewhere around the 5% mark, it is evident that there is significant room for further growth, with work evidently still needed to be done to really develop the schemes take-up. Factorscan spoke with payments systems experts regarding the development of the SEPA.

PS Bank: a factoring ‘big brother’

Acting as big brother institutions, a number of multinational banks are playing an invaluable role in the development of factoring globally. In the first of a two part look at factoring ‘big brothers’, Factorscan speaks with Oksana Nekhvorosnaya, Head of Import Factoring Division, at Promsvyazbank in Russia, about the role that PS Bank has played in developing factoring into its ‘near abroad’, the key motivators behind these moves and why the bank applies a similar approach to its operations in all the countries of the CIS

Lifting the lid

Phillip Kerle, Chief Executive Officer of Demica talks to Factorscan about the development of, and rising interest in, receivables finance across Europe.

HSBC: Eastern promise

HSBC's Commercial Finance arm has expanded its presence in Europe over the past few years, with new offices in the Czech Republic and Poland being their most recent moves. Further market expansion appears to be on the horizon and so Factorscan spoke to HSBC, about their development methodology, the strength conferred by a global brand and why HSBC are sticking to their guns on pricing...