GSCF signs receivables agreement with MUFG

Global Supply Chain Finance Ltd. (GSCF) has become an approved vendor of services by The Bank of Tokyo-Mitsubishi UFJ, New York Branch (MUFG), having signed a Master Services Agreement and activated reportedly the first receivables-based program for a large multinational company financed by MUFG

FCI and IFG merger – the sky’s the limit

Following the merger between Factors Chain International (FCI) and International Factors Group (IFG), trfnews met with Peter Mulroy - FCI’s Secretary General, Michel Leblanc - Chairman of FCI’s Executive Committee, Erik Timmermans – FCI’s Deputy Secretary General and Josep Selles - Vice Chairman to discuss the impact of the merger, future plans and the state of the industry in general

BCR’s Supply Chain Finance Summit – join the debate

Supply chain finance predictions for 2016 will be a hot topic at BCR’s Supply Chain Finance Summit on 28-29 January in Frankfurt. With an impressive range of corporates already booked in to attend, it promises to be an event not to be missed

Coface announces new CEO

The Board of Directors of Coface has appointed Xavier Durand to the position of Chief Executive Officer

New CEO at Shawbrook

According to an internal announcement from Shawbrook - seen by BCR, Steve Pateman joined Shawbrook as CEO in January 2016 from Santander UK, where he was Executive Director and Head of UK Banking

FCI + IFG = a strong future

Following the merger between Factors Chain International (FCI) and International Factors Group (IFG), trfnews met with Peter Mulroy - FCI’s Secretary General, Michel Leblanc - Chairman of FCI’s Executive Committee and Erik Timmermans – FCI’s Deputy Secretary General

Reverse factoring has debt-like features, say Moody’s

Moody's Investors Service has announced that Spanish environment and energy group Abengoa S.A.'s large-scale reverse factoring programme has debt-like features, which could have a significant, wide ranging impact on the industry in terms of balance sheet treatment