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Letters of Credit

CBC buys portfolio of accounts to expand its factoring...

Capital Business Credit to purchase loan portfolio Omni Commercial Capital Business (more…)

#Letters of Credit#management

Ordinary shareholder demand removal of Davenham’s directors

A general meeting of the Company for the purpose of considering resolutions for the appointment of ... (more…)

#interest#Letters of Credit


Factoring looses its position to L/Cs

In September, the Azerbaijani commercial banks guarantees and factoring volumes diminished whereas letters of credit usage grew. (more…)

#bank#banks#CBA


Bank CIMB NIAGA initiates new partnership to provide integrated...

PT Bank CIMB Niaga Tbk, established cooperation with PT Aprisma BizChannel Indonesia in the provision of facilities for the target…

#bank#CIMB#leadership


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


Platinum Funding Group announces landmark legal decision

Platinum Funding Group announced a recent decision by Judge Shira A. Scheindlin of the Southern District of New York in…

#funding#investments#Letters of Credit


GMAC Commercial Finance receivables funding for Bridisco

The European structured finance group at  GMAC CF has provided a £45 million three year senior secured credit facility to…

#commercial finance#funding#Letters of Credit


Marks & Spencer supplier secures Ј13.25m working capital, L/C,...

A key supplier to retail group Marks & Spencer, in addition to brands such as French Connection and Phase 8,…

#commercial finance#L/C#Letters of Credit


CPAC, Inc. obtains new asset-based financing from HSBC

CPAC, Inc. has announced that it has entered into a new financing agreement with HSBC Business Credit (USA) Inc. to…

#bank#Bank of America#international


HSBC expands branch network in mainland China

The Hongkong and Shanghai Banking Corporation Limited (HSBC) has further expanded its network to 10 branches in major cities across…

#bank#banking services#financial services


HK seeks wider China role for its banks

The talks over so-called "current account transactions" include the possibility of letting Hong Kong banks settle trade contracts denominated in…

#banks#Letters of Credit#trade


BCI to open Hong Kong office

Chile's third-largest private-sector bank BCI plans to open an office in Hong Kong at the end of the year, according…

#bank#international#Letters of Credit

Country’s third largest factor receives ratings boost

Grupo Security, the financial services conglomerate and owner of Factoring Security, the third largest factor by market share in Chile,…

#bank#bonds#financial services

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