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New factoring act to exclude individuals from service providers

The 1676 Act of August 20, 2013, which amends some factoring practices, will come into force from February 2014. (more…)

#bank#factoring act#factoring law

Carillion: Over 200 firms using early payment facility

Carillion, a UK-based support services company, is looking to extend its early payment system after signing up more than 200…

#bank#Carillion#Paid


Swaziland invoice financing company services 6600 clients

First Finance Company has paid out more then EUR34 million in invoice financing since 2010. (more…)

#invoice#Paid#smes


Trade and SME support measures introduced to counter slowdown

State Council introduces trade and SME support measures to help counter economic slowdown. (more…)

#exports#Paid#small businesses


Postal Savings Bank starts SCF operations

Shandong Branch of the Postal Savings Bank has paid out its first funding transaction within its SCF programme. (more…)

#bank#funding#Paid


Selfridges squeezes suppliers on terms

Selfridges has emerged as the latest retailer to squeeze its suppliers on terms. (more…)

#forum#invoice#Paid


Proposed changes to bankruptcy law to encourage rational distribution...

Key changes proposed in the new Rehabilitation and Bankruptcy Law affect involuntary petitions for bankruptcy, invalidations, trustees' avoidance powers, debtors'…

#bankruptcy#insurance#management


Monsoon 'shamed for forcing invoice discounting on suppliers'

Forum of Private Business s accused Monsoon in using invoice discounting to extend payment times. (more…)

#cash-flow#forum#invoice


RBI issues guidelines for new bank licensees

New norms will allow corporate houses to enter banking space. (more…)

#bank#banks#financial services


Factoring forms a part of Government action plan

Pierre Moscovici speaks in favour of factoring facilitation. (more…)

#bankruptcy#Paid#payment delays


Factoring and leasing legislation comes into force

Law No. 6361 requires the Turkish Financial Leasing Association, Factoring Association and the Consumer Financing Companies Association to form a…

#banks#international#leasing


Government unveils new SME financing scheme

The Government of Cameroon has launched a new scheme that will see SMEs have a new financing mechanism in the…

#banks#Paid#SME financing

Crefo Factoring inspects payment discipline in the West

Bergisches Land s businesses recover faster from the crises thanks to conservative business practices. (more…)

#insolvencies#Paid#payment behaviour

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