Receivables finance in the context of working capital management

Igor Zax, finance expert and managing director of Tenzor, Ltd, a consultancy for risk management and supply chain strategy, explains the broader context of working capital management, and how a better understanding can benefit the receivables finance industry

On the Unidroit factoring convention

Jeroen Kohnstamm, advisor to the Ministry of Commerce, China, and former Secretary General of Factors Chain International, takes us through the details of the Ottawa, 1988 Unidroit Convention on International Factoring.

A closer look at securitisation

From the financiers point of view trade receivables represent an attractive asset, for the most part self-liquidating, usually under short terms and suitable for revolving finance. And as we know, just as receivables come in a range of sizes across a range of industries there is also a wide range of financial products in the market place to provide funding solutions…

On detecting and combating fraud

Aaron Hughes, Account Director, RiskFactor Solutions, talks about how lenders can detect and combat fraud, following a string of high profile cases in recent months.

INCOTERMS Rules – for revenue recognition or dispute mitigation?

The International Chamber of Commerce (ICC) International Commercial Terms (INCOTERMS) are a codified internationally recognised set of delivery terms, created to facilitate and support international trade. Unfortunately too many of our clients (sellers) are vague about delivery terms and fail to understand the importance of these rules until it is too late or, see their importance more as a revenue recognition tool.

A lesson of vigilance? – Banamex falls foul of fresh air

When a company's back is to the wall, passing fresh air invoices to their factoring provider usually starts as a one off to get them through a tight period, a temporary lack of working capital, unfortunately it rarely stops there. Citigroup s Mexican subsidiary Banamex are one of the latest providers of receivables financing to fall foul to such fraud. Trfnews looks at how and why invoice fraud is able to happen.