EUFederation for the Factoring and Commercial Finance Industry’s Post

Read now: 'Factoring and credit insurance: A partnership for financial resilience', a whitepaper recently published by FCI and Trade Finance Global (TFG) . At FCI ’s 56th Annual Meeting in Seoul, a panel of experts discussed the intricate relationship between credit insurance and factoring. Panelists included: Shan Aboo, Chief Commercial Officer for Asia Pacific, Allianz Trade Neil Shonhard, Chief Executive Officer, MonetaGo Dorota Szcześniak, Member of FCI Executive Committee and Supply Chain Finance Committee Karol Leszczyński, Product Manager, Comarch Moderated by Deepesh Patel , Editorial Director, Trade Finance Global (TFG) This whitepaper explores the symbiotic relationship between credit insurance and factoring, in risk mitigation and enhanced liquidity, to market expansion and data and insights; and how these tools are applied in international trade to provide businesses with stability in often uncertain markets. The full report is available to read below. #factoring #globaltrade #creditinsurance #fraudprevention #tradefinance #whitepaper

This week: FCI 's15th CEE & SEE Regional Conference on Factoring & Supply Chain Finance, to be held in #Prague, Czech Republic on Thursday 24th and Friday 25th October. Opening the programme is Çağatay Baydar, Chairman, FCI; Chairman, TEB Faktoring A.Ş., BNP Paribas, followed by keynote speaker David Navratilátil, Chief economist, Head of Economic and Strategic Research, Česká spořitelna, on the state of the economy in Central and Eastern Europe, and FCI Secretary General Neal Harm covering recent developments and industry trends in factoring. MonetaGo CEO Neil Shonhard is speaking following the opening keynotes, about Receivables Recording Centres and how interoperable registries facilitate financial inclusion and access to finance, with digitalisation enabling economic growth and opportunities for SMEs and MSMEs. Crucially, advancing the financial ecosystem is paramount to change the course of the over 50% of SME finance applications being rejected by lenders (World Trade Organization, 2024). This key event is presented in partnership with EBRD and the Česká leasingová a finanční asociace (ČLFA) (Czech Leasing & Financial Association). View more of the conference programme via the link in comments, below. #CEE #SEE #factoring #supplychainfinance #trade #globaltrade

[# 📢 Benchmark 🔭] | The department Debt & Treasury Advisory at Forvis Mazars en France issued a new benchmark 📸 on the communication of Euro Stoxx 50 companies on Reverse Factoring / Supply Chain Financing 💱 at year-end 2023. The publication also presents updated guidance on #IFRS and 🆕new disclosures requirements mandatory at year-end 2024. Main key takeways of the study 🔎are: - 34% of entities in the panel (17/50) disclose existing Reverse Factoring programs - 59% of those companies (10/17) classify Reverse Factoring liabilities in Trade payables and only 2 companies in other categories (Other current liabilities or Financial liabilities) - 9/17 companies communicate the amounts of RF liabilities - Only 1 company discloses the NBV of RF liabilities for which suppliers have already received payment from the bank (IASB new disclosure requirements starting year-end 2024) - Only 2 companies indicate explicitly an extension of payment terms compared to usual payment conditions Discover more❗in the attachment below ⤵. #workingcapital #finance #ifrs #supplychainfinancing #reversefactoring #treasury #bfr #cash #financing Yann Guyomar AFTE Association du Master Trésorerie de la Sorbonne (AMTSA) EACT - European Association of Corporate Treasurers Luxembourg Association Of Corporate Treasurers EuroFinance

Let’s talk about the most pressing issues related to the receivables finance, factoring and supply chain finance industry at the 15th CEE & SEE Regional Conference on Factoring. The event, hosted by FCI, is set to place on 24 and 25 October 2024 in Prague, Czech Republic. Are you interested in discovering how technology can drive market growth, enhance competitiveness, ensure regulatory compliance, promote financial inclusion, improve customer experience and service quality, optimize risk management, and expand access to trade finance for SMEs? Learn how it also supports supply chain finance integration, sustainability, and green factoring. Claudia Elena Cuzuban-Perri, CODIX Sales Director, and Tsvetana Georgieva, Business and Application Expert, will be among the domain experts to join this important event, in order to discuss these and other topical questions, and showcase CODIX’ all-in-one commercial finance software – iMX. Read more: https://lnkd.in/danrTDrF FCI #CODIX #receivablesmanagement #factoring #supplychainfinance #esg #compliance #cee #see #events #prague

Our Secretary General, Neal Harm, is speaking at the 2024 Receivables Finance International Convention, which will be held from 22 to 23 May in London and is organised by BCR Publishing. The 2024 Receivables Finance International Convention is set to unite prominent industry figures from around the globe in London for an enriching two-day experience. Now in its 24th year, this esteemed annual gathering serves as a cornerstone event, offering unparalleled opportunities for brainstorming, engaging in thought-provoking discussions on leadership, and fostering invaluable networking connections. Attendees can expect to delve into critical strategic concerns, tackle operational challenges head-on, and explore emerging business prospects amidst an atmosphere of innovation and collaboration. Neal will talk about the global factoring industry trends, covering: 📢 A look back at 2023 trends and performance 📢 Regional opportunities for growth in Open Account trade finance 📢 How different receivables finance products have faired 📢 Innovation in product development 📢 Key trends for 2024/25 and an assessment of the future As we are an event partner, BCR is offering our followers a 20% discount on delegate tickets. To register or see the full programme, please visit https://lnkd.in/eNJ7V2R5. The discount code is SPK-20 Alternatively, you can contact yongmei.he@bcrpub.com quoting the discount code. #fci #factoring #receivables #finance #RFIx #ReceivablesFinance #Assets #Investment #Industry

The 15th CEE & SEE Regional Conference on Factoring & Supply Chain Finance in Prague has kicked off with interesting speakers from the beginning on. #lendscape #receivablesfinance #fci

We’re looking forward to hosting our corporate only digitalisation roundtable taking place during the C4DTI Digital Trade Conference on 18th April 2024 in London. It's not too late to join the conversation! Secure your place by emailing events@iccwbo.uk   ICC United Kingdom has been leading efforts across multiple stakeholders to support corporates in capturing the significant benefits associated with transitioning previously paper-based supply chain, supply chain finance and trade transactions to digital.   This roundtable will focus on the financial supply chains and how the recently adopted Electronic Trade Documents Act #ETDA has given rise to new opportunities for corporate treasury teams.   Organised in collaboration with the Association of Corporate Treasurers, confirmed attendees include Boohoo, British Airways, Matalan, Puma UK, Tata Steel and Trafigura.   Hear from those that have already embarked on their journey to digitalise trade documents - explore lessons learnt and share practical experiences with peers.   Attendees will gain access to the following…   - Insights into the ICC “Seizing the moment” report that outlines the results from real use corporate case studies   - How the digitalisation of trade and supply chain documentation, directly leads to cost savings, improved cash flow and visibility (“on time treasury”), faster real-time transactions, supply chain transparency, fraud identification, audit trails and more efficient financing via both trade finance and supply chain finance   - Discover and explore innovative solutions and support utilising our independence, impartiality, and insight to optimise operations, forge valuable partnerships, and stay ahead in a rapidly evolving global marketplace, thus enhancing competitiveness and driving growth to your business. Find out more about the conference - https://lnkd.in/euHRrAGm Chris Southworth Naresh Aggarwal Centre for Digital Trade & Innovation #C4DTIConf #C4DTI #supplychainfinance #tradefinance #treasury #corporate #digitaltrade #supplychaintransparency #DataNotPaper #SayNoToPaper

AMICE Signs Joint Industry Statement On The EU Retail Investment Strategy. Representatives of the European financial and insurance sector (AMICE, BIPAR, the Conference of EU Bancassureurs (CEB), European Association of Co-operative Banks, European Association of Public Banks (EAPB), European Banking Federation, EFAMA, WSBI-ESBG, EUSIPA - European Structured Investment Products Association, and Insurance Europe) today issued a Joint Industry Statement on the European Commission's #RetailInvestmentStrategy (RIS). The signatories welcome the new European Commission’s objectives to boost the EU’s competitiveness, but caution that overly complex rules and red-tape risk undermining the impact of the Retail Investment Strategy. They argue that the current draft proposals contradict the EU’s commitment to reduce regulatory burden and will hold back the broader goal of increasing European competitiveness. The statement, published today, calls for the simplification of rules for firms and retail investors, streamlined sales processes and a reduction of information overload. Read the full statement: https://lnkd.in/eVqsqExX 

🔍 𝗣𝗮𝗿𝘁 𝟰: 𝗪𝗛𝗢 𝗖𝗮𝗻 𝗔𝗰𝗰𝗲𝘀𝘀 𝗘𝘅𝗽𝗼𝗿𝘁 𝗖𝗿𝗲𝗱𝗶𝘁 𝗔𝗴𝗲𝗻𝗰𝘆 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗧𝗼𝗼𝗹𝘀? So, we've unravelled the 𝙒𝙃𝘼𝙏 and 𝙒𝙃𝙔 of ECAs. Now, let's turn our attention to the all-important question: 𝙒𝙃𝙊 can access these invaluable financial tools? The beauty of Export Credit Agency solutions lies in the 𝗮𝗰𝗰𝗲𝘀𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝘁𝗼 𝗮 𝘄𝗶𝗱𝗲 𝗿𝗮𝗻𝗴𝗲 𝗼𝗳 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 in the global trade arena: 𝗘𝘅𝗽𝗼𝗿𝘁𝗲𝗿𝘀: At the heart of it all are the exporters themselves. Whether you're a small family-owned business or a multinational corporation, ECAs provide essential support to help them navigate the complexities of international trade. 𝗟𝗲𝗻𝗱𝗲𝗿𝘀 𝗮𝗻𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 🏦: Banks and other financial institutions play a crucial role in facilitating trade finance. ECAs collaborate with entities, such as American Trade Finance - ATRAFIN, offering guarantees and insurance to mitigate risk and unlock financing opportunities for exporters. 🌍𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗕𝘂𝘆𝗲𝗿𝘀🌏 : Export Credit Agency solutions also benefit foreign buyers by providing assurance and protection against commercial and political risks. This confidence can be instrumental in fostering trade relationships and driving cross-border transactions. 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁𝘀: As the backbone of Export Credit Agencies, governments play a pivotal role in supporting their domestic exporters. By backing ECAs, governments demonstrate their commitment to promoting international trade and economic growth. 𝗧𝗿𝗮𝗱𝗲 𝗜𝗻𝘁𝗲𝗿𝗺𝗲𝗱𝗶𝗮𝗿𝗶𝗲𝘀: Trade intermediaries, such as brokers and consultants, often work closely with exporters and financial institutions to facilitate trade transactions. They can leverage ECA solutions to enhance services and support their clients' export endeavours. In essence, ECA financial tools are accessible to a diverse array of stakeholders involved in global trade. Stay tuned as we delve deeper into each player, providing more detail on their role in accessing ECA financial tools. #GlobalTrade #TradeCredit #ExportSupport #InternationalBusinessGrowth

We are excited to announce the publication of new guidance notes on untied ECA financing, considerations when dealing with sovereign obligors and updated buyer credit facility documentation. This coincides with Exile Group/TXF Global Conference in Athens this week. With the rise of export finance, untied lending, lessons learned from sovereign default situations, a wider range of investors looking at the market, and the updated OECD Consensus on Export Credits, the new and updated documents come at a pivotal time for the industry. We would like to thank the LMA’s Export Finance Working Party, who provided an accompanying supporting statement, for their continued engagement and insight.  There is still more to come! We are aware of the growing role of institutional investors in the market and are working on education and guidance bringing together different perspectives. We look forward to engaging with the market further on this important piece of work.   #exportfinance #lma #loanmarket #exporters #ECA #TXF #commoditiesfinance