EUFederation for the Factoring and Commercial Finance Industry

Discover the EUF Autumn Newsletter 2024 Highlights include: Welcome from EUF Chairman, Fausto Galmarini 📢  What’s going on in the EUF Legal Committee? - Maggie Wessel 📢 IH 2024 EU Factoring figures – First signs of growth slowdown - Magdalena Ciechomska-Barczak, ACMA, CGMA-Barczak 📢 A New representative at the ESG Committee - Antoine de CHABOT 📢 Factoring and Prudential Regulation: Aligning Risk Sensitivity with Business Realities - Diego Tavecchia Read more and download your copy via https://lnkd.in/eiZxtzR9 #euf #factoring #commercial #finance

In this edition of EUF Industry Terminology, we explore "Asset based lending (ABL)". An agreement between a business (Client) and a financial company in which the latter provides the Client with a structured facility combining secured loans and revolving credits. The Client may pledge/assign as collateral any combination of assets used in the conduct of its business (e.g. Receivables, stocks, plant & machinery, property, brands, etc.). ABL facilities are generally complex structures combining revolving credit lines based on current assets with amortizing loans based on fixed assets. ABL is accordingly used for bigger clients, typically in a restructuring or MBO situation. Syndication between ABL companies for very large facilities is very common. 🔁 Translations: French - Asset Based Lending (ABL) German - Asset Based Lending (ABL – vermögensbasiertes Kreditgeschäft) Greek - Δανεισμός Έναντι Περιουσιακών Στοιχείων (ΔΕΠΣ) Italian - Asset Based Lending (ABL) Polish - Finansowanie oparte na aktywach: wierzytelności, zapasy, maszyny i urządzenia, znaki towarowe itp. Portuguese - Financiamento baseado em activos (ABL) Spanish - Préstamos Basados en Activos (ABL, por sus siglas en inglés) To learn more, visit https://lnkd.in/eey-8xfA #EUF #factoring #commercial #finance #europe #terminology #industryterminology FCI Fausto Galmarini

In this edition of EUF Industry Terminology, we explore "Anti-Money Laundering Policy (AML)". A policy put in place to help detect and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation. 🔁 Translations: French - Politique de lutte contre le blanchiment (LAB) German - Richtlinien zur Geldwäscheprävention Greek - Πολιτική για την καταπολέμηση της νομιμοποίησης εσόδων από παράνομες δραστηριότητες Italian - Politiche anti-riciclaggio (AML) Polish - Polityka przeciwdziałania praniu brudnych pieniędzy Portuguese - Política de Luta Contra o Branqueamento de Capital Spanish - Política contra el blanqueo de capitales To learn more, visit https://lnkd.in/eey-8xfA #EUF #factoring #commercial #finance #europe #terminology #industryterminology FCI Fausto Galmarini

EUF Chairman Fausto Galmarini will be speaking at FCI 15th CEE & SEE Regional Conference on Factoring and Supply Chain Finance. He will cover the topic "Adapting to Regulatory Evolution: Implications and Strategies for the Region Trade". Galmarini will speak about the work done in defending the Factoring Industry in Europe. It includes NDoD, Late Payment Regulation, Late Payment Directive... Taking place on 24-25 October 2024, in Prague, this event is your chance to network and explore the latest in factoring and receivables finance. Learn from industry experts about: 🎙 Regulatory & Compliance 🎙 Risk Management & Credit Insurance 🎙 Financial Inclusion 🎙 Supply Chain Finance 🎙 Digitisation & Technology Integration 🎙 Sustainability & Green Factoring Connect with key players, gain insights, and discover new opportunities. Don’t miss out on this chance to stay ahead in the industry! 📅 Event Dates: 24-25 October 2024 📍 Location: Grand Hotel Prague Tower, Prague, Czech Republic 👉 https://lnkd.in/git3_TUQ #Factoring #SupplyChainFinance #FCI #EBRD #PragueConference #TradeFinance #RegisterNow #receivables #scf

In this edition of EUF Industry Terminology, we explore "Agency Factoring". Sometimes called Bulk Factoring, a service which enables the client to retain the collection function but which is disclosed to the debtor. 🔁 Translations: French - Agency factoring German - Inhouse Factoring Greek - Πρακτορεία επιχειρηματικών απαιτήσεων (Factoring) με αντιπροσώπευση Italian - Agency factoring Polish - Agency factoring (brak odpowiednika w jęz. polskim) Portuguese - Factoring Agenciado Spanish - Factoring de agencia To learn more, visit https://lnkd.in/eey-8xfA #EUF #factoring #commercial #finance #europe #terminology #industryterminology FCI Fausto Galmarini

In this edition of EUF Industry Terminology, we explore "Advances on Debtors Outstanding". Funds advanced by a Factor or a Receivable financier (Prepayments) to an Assignor against debtor balances. Sometimes referred to as current account, utilization or drawing, this is the actual currency advance at a certain moment in time. 🔁 Translations: French - Avances sur créances à recouvrer German - Vorfinanzierungen auf Außenstände der Debitoren Greek - Προκαταβολές έναντι ανοιχτού υπολοίπου οφειλετών Italian - Anticipo sul montecrediti Polish - Zaliczka na należności od Odbiorców Portuguese - Adiantamento por contrapartida do saldo de clientes Spanish - Anticipos sobre las cuentas pendientes de los deudores To learn more, visit https://lnkd.in/eey-8xfA #EUF #factoring #commercial #finance #europe #terminology #industryterminology FCI Fausto Galmarini

EU Federation is Proud to Support the 15th CEE & SEE Regional Conference on Factoring & Supply Chain Finance! We’re thrilled to announce our support of the FCI 15th CEE & SEE Regional Conference! Taking place on 24-25 October 2024, in Prague, this event is your chance to network and explore the latest in factoring and receivables finance. Learn from industry experts about: 🎙 Regulatory & Compliance 🎙 Risk Management & Credit Insurance 🎙 Financial Inclusion 🎙 Supply Chain Finance 🎙 Digitisation & Technology Integration 🎙 Sustainability & Green Factoring Connect with key players, gain insights, and discover new opportunities. Don’t miss out on this chance to stay ahead in the industry! 📅 Event Dates: 24-25 October 2024 📍 Location: Grand Hotel Prague Tower, Prague, Czech Republic 👉 https://lnkd.in/git3_TUQ #Factoring #SupplyChainFinance #FCI #EBRD #PragueConference #TradeFinance #RegisterNow #receivables #scf

In this edition of EUF Industry Terminology, we explore "Advance Ratio". The maximum percentage of the value of an asset or assets by reference to which factor is prepared to make an available funds. 🔁 Translations: French - Advance ratio German - Vorauszahlungsanteil Greek - Προπληρωμή Italian - Percentuale di anticipazione Polish - Stawka zaliczki Portuguese - Percentagem de adiantamento Spanish - Maximo disponible To learn more, visit https://lnkd.in/eey-8xfA #EUF #factoring #commercial #finance #europe #terminology #industryterminology FCI Fausto Galmarini

In this edition of EUF Industry Terminology, we explore "Advance Payment". A payment made in advance of a prescribed event, such as a due date or a contract commencement. 🔁 Translations: French - Paiement anticipé German - Vorauszahlung Greek - Προπληρωμή Italian - Pagamento anticipato Polish - Wypłata Zaliczki Portuguese - Pagamento adiantado Spanish - Anticipo de facturas To learn more, visit https://lnkd.in/eey-8xfA #EUF #factoring #commercial #finance #europe #terminology #industryterminology FCI Fausto Galmarini