Posts Tagged ‘factoring’

TFG’s editor, Deepesh Patel, interviewed Nasser Al-Thekair, general manager of trade and business development at the International Islamic Trade Finance Corporation (ITFC), to discuss the impact of COVID-19 on Islamic Finance.

Global trade finance gap hit a new all-time high of $1.7 trillion in 2020, eclipsing its previous high of $1.5 trillion recorded in 2018, a new survey from the Asian Development Bank (ADB) has found. 

Never have fragmented reactions, as seen to recent global crises, be that Covid-19, climate change or geopolitical power shifts, illustrated better the acute need to have sustainable strategies in place.

TFG’s editor, Deepesh Patel had the pleasure of speaking with Stacey Facter from BAFT, Christian Hausherr from Deutsche Bank AG and the Global Supply Chain Finance Forum and John Monaghan from Citi Treasury and Trade Solutions at BAFT’s Virtual Global Annual Meeting.

The Factoring – Credit Insurance Working Group held its sixth annual meeting on 31 March 2021, to discuss the state of the industry.

FCI Academy announces the opening of the certificate programmes and the specialized online courses to all industry stakeholders.

Factoring, as an important method to extend credit, is a type of financial transaction where the creditor assigns its receivables to an assignee at a discount. In recent years, there has been a large growth of factoring transactions around the world.

Teaching businesses to unlock working capital and grow their operations through factoring education programmes (FCI)

As Africa enters a revolutionary period of intra-continental trade, factoring will be crucial to the growth of MSMEs.

Both ‘bill discounting’ and ‘invoice factoring’ are types of financial instruments that are used to provide working capital to businesses from accounts receivables (i.e., unpaid invoices).

TFG’s Deepesh Patel caught up with FCI’s Chairman, Mr. Patrick de Villepin, and FCI Vice Chairman, Mrs. Daniela Bonzanini, on the critical role of Receivables finance industry in the recovery of global trade growth during this challenging period.

TFG heard from Robert Meters on the significant role of trade credit insurance in the current economic crisis the global trade is facing.

With factoring and receivables finance volumes continuing to show modest growth around the world, TFG caught up with FCI’s Secretary General, Peter Mulroy, in an association update for the latest issue of Trade Finance Talks.

Wirecard is suspected of misleading investors through aggressive accounting practices including inflating sales and revenue in order to appear to be performing better than it is actually doing.

The speed and severity of the economic downturn has been far greater than the last recession, in 2008–09. The IMF forecasts that world GDP will shrink by almost 5% this year. Growth is coming back as the lockdown eases.