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Soft Commodities Trader
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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Informing Today’s Market, Financing tomorrow’s Trade.
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Clothing company – A case study
- Funding amount requested from the company: $5.2 million
- Item: clothing
- Finance solution: letter of credit and receivables line
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
TFG structured a letter of credit facility (with a corresponding receivables line) of $5.2 million to be issued in favour of suppliers. This solution allowed payments to be made earlier to an increased number of suppliers, and enabled the company to benefit from increased purchasing power.
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