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Global

O/A business plunges

Compared to 64 per cent last year, only 38 per cent of the companies are utilizing open account as their main mode of payment this year. (more…)

#credit risk#management#payment terms

Fogape allocates UF 8.5 million guarantees

The Guarantee Fund for Small Entrepreneurs (FOGAPE) has held its first tender for allocation of funds provided by factors... (more…)


Insolvencies are up again

Statistics South Africa releases data on liquidations and insolvencies (more…)

#insolvencies#insurance


Asian investor buys stake in Ulusal Faktoring

PineBridge Investments enters Turkish financial services with investment in Ulusal Faktoring (more…)

#bank#Deloitte#financial services


SMEs not using all available funding

New figures released today by the Asset Based Finance Association (ABFA) show members' clients have sufficient funds in place... (more…)


Canadian business insolvencies down 22%

In 2010 Canadian business insolvencies fell by 22 per cent compared to 2009 (more…)

#bankruptcy#insolvencies#recession


SMEs to absorb VAT increase

Small businesses in Northern Ireland are coping well with the recent VAT hike to 20 per cent, a survey has…

#cash-flow#invoice#smes


Finally factoring becomes official in Peru

President Alan Garcia signed the new law on receivables financing (more…)


Bank of China signs agreement with major Hong Kong...

Bank of China has announced that it recently signed an agreement on strategic cooperation... (more…)


VR Factorem exceeds its 2010 goals

Cooperative Institute factoring company increases sales to € 2.3 billion (more…)

#bank#banks#insurance


Company bosses jailed for ‘planned dishonesty’

An engineering company directors from Annesley has been jailed for their part in a 121,000 fraud (more…)

#Two#WHO

Asset based lending on the rise in West Midlands

Weightmans lawyers see the rise of demand for alternative sources of finance and predict it would continue throughout 2011 (more…)

#asset based finance#invoice#recession

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