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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...

Mvelaphanda Holdings acquires stake in factoring firm

Private BEE investment company Mvelaphanda Holdings has acquired a strategic stake in South Africa-based trade finance firm (more…)

#funding#management#smes


New Civil Code to govern factoring

Upcoming revisions to Hungary s Civil Code will introduce specific regulations on factoring agreements for the first time, Hungarian financial…


Surecomp receives Financial-i award

Global trade finance solutions provider Surecomp has been named the winner of the fourth annual Financial-i Leaders in (more…)


Receivables Exchange partners with International Accounts organisations

Online receivables marketplace the Receivables Exchange today announced a new partnership with non-profit organisations the International Accounts Payable Professionals (IAPP)…

#accounts payable#international#management


CIT restructure approved by Bankruptcy Court

The United States Bankruptcy Court for the Southern District of New York yesterday approved CIT s reorganisation plan, with CIT…


Receivables finance on the rise as businesses struggle to...

Trade receivables finance has become increasing popular as businesses seek to cope with recessionary pressures, according to a new report…


Anchor Funding acquires Connecticut finance firm

Anchor Funding Services has acquired the assets of purchase order finance and accounts receivable factoring firm (more…)


Small businesses owed a collective Ј30 million in late...

Big businesses are continuing to monopolise on their dominant market position and delay invoice payment to small and medium sized…


Survey reveals critical focus for financiers in 2010

A recent survey of businesses across the financial sector, including asset-based lenders, found that technology will be a critical focus…


Bangladesh Credit Information Bureau to be upgraded

The Credit Information Bureau (CIB) of Bangladesh Bank is currently undergoing a modernisation that will provide better access to credit…


CIT due in court to finalise restructure

CIT Group Plc will tomorrow confirm its plans for restructure in a hearing at the U.S. Bankruptcy Court for the…

#bankruptcy#CIT#CIT Commercial Services

Factoring operations increas at Central Bank of Azerbaijan

The Central Bank of Azerbaijan experienced a significant increase in factoring operations this October, with volumes reaching (more…)

#bank#banks#Letters of Credit

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