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Letters of Credit

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


ECGC and Corp Bank in bancassurance tie-up

Export Credit Guarantee Corporation (ECGC) has obtained a special exemption from the Insurance Regulatory and Development Authority (IRDA) allowing it…

#bank#exports#guarantee


US expects decision soon on Iraq Trade Bank

Speaking on the sidelines of a conference on Iraqi reconstruction, Peter Saba, chief operating officer of the US Export-Import Bank,…

#bank#Boost#conference


Bajaj Allianz to enter credit insurance business

Bajaj Allianz General Insurance Company Ltd is planning to get into the credit insurance business, an area dominated by the…

#Allianz#exporters#guarantee

CIT Commercial Services factoring relationship with fashion design house...

CIT Commercial Services, a unit of CIT Group Inc. (NYSE: CIT), today announced that it has provided a $56 million…

#CIT#CIT Commercial Services#Letters of Credit

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