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By Igor Zaks, CFA – President, Tenzor Ltd. In the 2022 World Supply Chain Finance Report, I wrote that the Greensill collapse had “served as a litmus test for policies and controls needed to operate supply chain finance and receivables businesses.”...
#First Brands#Greensill#invoice verification
The collapse of First Brands has become more than one of the largest alleged invoice frauds in history. It is…
#asset based lending#First Brands#Fraud Prevention
First Brands Group has filed a Chapter 11 reorganisation plan and disclosure statement, marking a new stage in one of…
#asset based lending#bankruptcy#factoring
Author Igor Zaks, CFA — President, Tenzor Ltd. (tenzor.ca) For credit investors, LPs, arrangers, and counsel evaluating receivables and supply-chain…
#buyer confirmation#factoring fraud#First Brands
When Courts Rewrite Factoring Author: Igor Zaks, CFA, President, Tenzor Ltd. The collapse of First Brands Group and the investor…
#cash dominion#factoring#First Brands
Allegations linked to First Brands are raising fresh concerns about how risk is managed across receivables finance structures, particularly in…
#factoring#First Brands#fraud
The collapse of US automotive supplier First Brands is continuing to raise concerns across the receivables finance market, with the…
#ABL#asset based lending#collateral monitoring
Jefferies Financial Group has pushed back against claims made by Western Alliance Bank regarding loans linked to receivables financing tied…
#ABL#asset based lending#First Brands
US prosecutors are examining a group of telecommunications companies after HPS Investment Partners (HPS), the private credit arm of BlackRock,…
#asset-backed finance#BlackRock#fake receivables
While European banks have long integrated credit insurance into their credit risk and capital optimisation strategies, US banks have historically…
#Brown & Brown#collapse#credit insurance
The US government’s bankruptcy watchdog has requested the appointment of an independent examiner to investigate the collapse of auto parts…
#bankrupcy#First Brands
Patrick James, the founder and long-time CEO of First Brands, stepped down on Monday, just weeks after the auto parts…
#debt-finance deals#First Brands#Point Bonita
After several years of strong results, trade credit insurance — a cornerstone of receivables finance — is entering a more…
#First Brands#Igor Zaks#receivables finance