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Informing today's market
Financing tomorrow's trade
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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Richard Young
Richard Young
Bloomberg LPRichard joined Bloomberg in September 2015, focusing on the promotion of Bloomberg’s Open Symbology initiative in the European market. This role includes prioritising the adoption of the Financial Instrument Global Identifier (FIGI) by EU regulators, thereby enabling firms to use the FIGI in their compliance with new EU reporting obligations.
Prior to joining Bloomberg, Richard spent 20 years with the financial messaging and standards body – SWIFT, where he held a variety of roles in sales and marketing. Most recently Richard was Head of Regulatory Affairs at SWIFT, where he contributed to the development of new services arising from regulatory change, including services for reporting to Trade Repositories and reference data/standards initiatives, such as the development of SWIFT’s services for the Legal Entity Identifier (LEI).
