AMONG IFG MEMBERS
By Anonymous | |
Proquest LLC |
AfreximBank:
Delegates learned from the few factors who are operating in the region that monitoring receivables and investigating both debtors and prospective clients is solely the responsibility of the factor themselves. In the absence of credit information, the right business decision might be to visit the parties to understand their status and ability to honor the transaction.
I Good model laws covering the rights of the factor, client, debtors and guarantors.
I Continuing education on what factoring is and how it differs from other financial products.
I A legal system that functions well.
I A central registry where liens and securities can be registered and easily located.
Other subjects discussed in the meeting - led by questions from the floor - included VAT, stamp duty, protection as a secured creditor, risk assessment. The seminar proved that there is real interest in factoring in Central and
Skilled with in-depth experience and a solid understanding of the global supply chain and the local business environment in
With a global vision, Asiafactor is looking forward to establishing a long-term cooperative relationship with international partners to explore cross-border business solutions such as the two-factor import and export factoring solution to meet customers'demands.
"As part of the Company's 5-year plan, Asiafactor is currently working closely with international partners to develop our international factoring business to expand the scope of our product such that local customers, especially exporters, can be best served. To be a member of IFG is certainly one of the most important milestones for Asiafactor. By joining IFG, Asiafactor will have instant access to like-minded international factoring services providers such that information and know-how can be efficiently exchanged", says
Bladex, "the foreign trade bank of
According to the IFG Board, "This is a very important step in developing the regional role of IFG in
Based in
In joining IFG,
van Alkemade's banking career also includes positions at
Commenting on this appointment,
He will be working closely with Dr.
In April,
Commenting on these developments, Lutschg-Emmenegger explained that: "Our new reference shareholders and the resources made available to us have enabled us to adopt an alternative strategy which has allowed
Importers that require specialized financial accommodations beyond the loan limits imposed by the importers' banks are candidates for Franklin's purchase order/trade finance programs. Importers requiring customized letters of credit that their banks do not have the skill set to produce are also candidates for Franklin's purchase order/ trade finance products.
The distinguishing characteristics of Franklin are creativity and flexibility, and a willingness to devote the necessary time and effort to develop financing packages designed to meet the unique needs of each of Franklin's clients.
IFG: The first edition of COFIT, the Certificate of Finance in International Trade, was finished in June. The program aims to introduce the participants to the world of International trade, trade supply chain management and trade finance. It provides a sound framework for those wishing to pursue further study or seeking a career in this field.
COFIT's second edition will take place in 2015 and will cover the following themes: the Global Environment for International Trade, Products and Practical Applications of Trade Finance, and Tools and Techniques for
Ilya Pokamestoy; Politeks,
Robert L. Tomusange, Afrexim,
Tatiana Myrikova, Factorrus,
Locafrique: IFG is delighted to welcome
The Jointventure combines two seasoned factoring operations and the expertise of RMP Trade Credit to provide receivables factoring and purchase order financing for SMEs exporting goods worldwide through the member companies and joint fundingof transactions.
The joint venture will operate under the name RMP CELTIC and will be incorporated in
"This alliance opens up massive potential for Irish businesses selling to
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