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security

Spectrum slices and dices

Spectrum has changed its $1.5bn line of credit into an asset-based credit line, with inventory and receivables in the U.S.-based companies as collateral. If Spectrum Brands' finances deteriorate further this enhances the security of lenders to get something back. (more…)

#bank#interest rates#management

Factoring fraud and the Peregrine case

The perpetrators in factoring fraud range from organised crime, sometimes involving money laundering and drug dealing, to family owned businesses.…

#factoring fraud#frauds#invoice


Ampa Capital, Leumi Card launch small business card

The program will provide additional credit for companies with annual sales of up to NIS 30m. Ampa capital Ltd. and…

#bank#Bank Leumi#Leumi


Ko'ka calls for micro credits

According to the Economy Minister Janos Koka, the micro-credit scheme must be made more popular and more easily accessible as…

#conference#economy#security


What corporates need to know about using SWIFT, Part...

This is the second part of a two-part article about SWIFT and the implications of the new Corporate Access CUG…

#bank#cash management#management


PIMA hosts major national symposium on financial crime

PIMA is to host a major symposium on financial crime on May 9 in London. The keynote address will be…

#conference#regulation#risk


SMEs not being made aware of vital DTI loan...

Almost two thirds of UK SMEs are unaware of a potential financial lifeline backed by the DTI - in the…

#Funding Options#invoice#invoice financier


Banks get behind EFIC Headway to boost export working...

Distributing EFIC Headway through the bank network gives Australian exporters quick and easy access to additional funding, says Angus Armour,…

#ANZ#bank#exporters


Opportunities surge for SMEs

Access to finance for SMEs is easier than it has ever been. Obstacles and challenges that previously seemed insurmountable are…

#Access to Finance#international#management


HSBC launches Receivables Xpress

HSBC has introduced a new receivables financing package designed to provide quicker access to funds for small- and medium-sized enterprises…

#bank#management#receivables financing


SMEs may be allowed to borrow on inventory

The government is being urged to amend the Business Security Act to allow small and medium-sized enterprises to use their…

#bank#financial services#security


Jeff Longhurst appointed managing director of Eurofactor UK

Eurofactor is pleased to announce that Jeff Longhurst has been appointed managing director of its UK subsidiary Eurofactor (UK) Limited.…

#business finance#commercial finance#international

Muskat Finance announces net profit increase, proposes cash dividend

The board of directors of Muscat Finance has adopted the financial statements for the year 2006 and recommended (more…)

#bank#leasing#security

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