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Legislative change increases credit insurance importance to creditors

Recent changes to the Companies Act could reduce the chances of creditors getting paid when debtors go into liquidation, Credit Guarantee warned. Credit Guarantee said companies should ensure that they have enough insurance to cover credit sales, or risk not...

#guarantee#insurance#Paid

New interest rate in case of late payment

In order to combat delays in payment in commercial transactions, the Belgian legislator has transposed the EU Directive of 29…

#bank#i#interest rate


Leading credit insurer retains AA rating

Fitch Ratings, the international rating agency, has today affirmed the 'AA' Insurer Financial Strength rating (IFS) of Coface S.A., the…


Experian reports dramatic fall in insolvencies in January 2003

The UK recorded a dramatic fall in business failures in January following the introduction of the new Voluntary Arrangement moratorium…


RBS' invoice discounter poaches GE Capital man

Euro Sales Finance, the invoice discounting and factoring services arm of RBS, has appointed Steve Merchant, ex-regional director of GE…

#commercial finance#invoice#MAN


UK and Ireland biggest players in European securitisation market

A report by Moody's Investors Services, last year confirmed the UK and Ireland as the biggest player in the European…

#economy#interest#securitisation


Foreign investment in Myanmar drops in first three quarters...

Foreign investment in Myanmar dropped by 10.7 percent in the first three quarters of 2002 compared with the same period…

#investment#investments


Association of South East Asian Nations opens new investment...

Member states of the Association of South East Asian Nations (ASEAN) decided to accelerate the liberalization of their investment regimes…

#interest#investment#Paid


Shell Foundation and dfcu Leasing in $4m energy fund

Shell Foundation, a United Kingdom registered charity funded by the Royal Dutch Shell Group of Companies, dfcu Leasing and Shell…


Bancomext to grant US$8.2bn credit to SMEs in 2003

In 2003, the Mexican Foreign Trade Bank (Bancomext) expects to channel resources of US$8.2bn to companies, especially small and medium-sized…


Brunei keen to invest more in Philippines, SMEs to...

Brunei is keen to invest more in the Philippines, as a means to further develop the Brunei Darussalam-Indonesia-Malaysia-Philippines East Asian…

#ADB#Asian Development Bank#bank


Credit Suisse executive joins Schneider’s finance arm

Schneider National Inc., a Green Bay-based trucking firm, has hired Richard Palmieri as president of its financial services division. Palmieri…

#commercial finance#commercial financing#Credit Suisse

Survey shows SMEs optimism in Malaysia’s economy

THE majority of the Chinese business community have expressed optimism in the country's economic outlook for the next 2 to…

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