This Week's Wrap-up | 8 November 2024
Welcome to this week's wrap-up, delivering all of this week's news, events, and updates from FCI straight to your inbox. Subscribe to the FCI LinkedIn Newsletter by clicking here.
Top Stories
FCI proudly welcomes our newest member in Zimbabwe: CBZ Bank Ltd. CBZ Bank Limited offers a wide range of innovative banking and financial services solutions to personal and corporate customers. >Read more
We’ve hit 10,000 followers! A heartfelt thank you to each and every one of you who’s joined us on this journey. Reaching 10,000 followers is not just a milestone; it’s a testament to the strong and engaged community we’re building together. >Read more
The FCI 57th Annual Meeting Brochure is Here! We’re thrilled to unveil the brochure for our upcoming Annual Meeting in Rio de Janeiro, 22-26 June 2025! Get a first look at what’s planned, from high-impact sessions and exclusive industry insights to invaluable networking opportunities. This year also features the FCI Executive Committee Elections, where members can help shape FCI’s future. Don’t miss this chance to connect with global leaders in receivables finance and drive your business forward in one of the world’s most dynamic cities! >Read more
On behalf of the FCI Education Committee, it is with great pleasure that we announce the release of the First term 2025 series of FCI Academy online courses & certificate programmes, starting on 3 January 2025. >Read more
In a competitive market, standing out means continually building your expertise and staying informed on industry trends. For professionals in factoring and supply chain finance, reading targeted publications not only enhances your understanding but also strengthens your ability to adapt and lead.FCI’s selection of industry-focused books provides precisely that—insightful resources crafted by experts with decades of experience in the field. >Read more
FCI on the Move! This week, our team has been busy engaging with industry leaders and experts at key events around the globe, strengthening connections and sharing insights on the future of factoring and supply chain finance. >Watch the video
FCI Events
Don’t Miss Out on FCI Academy’s Premier Seminar in Mumbai! Join us on 21-22 November 2024 in Mumbai for the International Factoring & Receivables Finance Seminar. Dive deep into essential topics like factoring operations, risk management, credit insurance synergies, and the FCI Two-Factor system for secure cross-border transactions. >Read more
Ready to elevate your knowledge in factoring and supply chain finance? Join us for the Workshop on International Factoring, hosted by EFF, FCI and African Export-Import Bank (Afreximbank) , in Cairo on 10-11 Dec 2024! Gain insights on the latest industry trends, hear success stories, and learn from leading experts in the field. Don’t miss this chance to connect with peers and boost your impact in the Northern African market. >Read more
Recommended by LinkedIn
Just over a week ago, we wrapped up the 15th Annual CEE & SEE Regional Conference on Factoring & Supply Chain Finance in beautiful Prague. It was a remarkable gathering where industry leaders, experts, and members from across the globe came together to share insights, build connections, and explore the latest trends shaping the future of trade finance. >Read more
Upcoming events:
FCI Academy
What is Reverse Factoring? Reverse Factoring is a buyer-centric transaction within which Suppliers pertaining to the Buyer’s supply chain can access finance at demand by means of selling the confirmed invoices to a Bank/Factor. The payable continues to be due by the Buyer until its Maturity Date and should be paid to the Factor if the Factor has purchased the invoice from the Supplier. >Read more
Upcoming courses with FCI Academy:
FCI Partners & Partner Events
As a chairman of of FCI, Çağatay Baydar is honored to invite you to a pivotal Stakeholder Consultation Event on the UNIDROIT - International Institute for the Unification of Private Law Model Law on Factoring on November 21, 2024. >Read more
This morning, we began with two engaging presentations from FCI. The first, ‘The World of Factoring, Receivables Finance & FCI’, was delivered by Mr. Nassourou AMINOU, Regional Manager for Africa. Mr. Spyros Tsolis, Deputy Education Director, gave the second presentation, ‘Factoring & Open Account Receivables Finance Products Unveiled’. >Read more
We are pleased to announce that A. Betül Kurtulus will be joining the 7th Conference on International Coordination of Secured Transactions Reform taking place on November 19-20, 2024, Istanbul . This year’s theme, "Bridging the Distance Between Formulation & Implementation," highlights the critical need for collaboration and action in our sector. >Read more
Aysen Cetintas, FCI Education Director, spoke at the Asian Development Bank (ADB) TSCFP Supply Chain Finance Workshop in Pakistan. She presented a deep dive into factoring—a critical element of supply chain finance—exploring its mechanisms, benefits, and impact on businesses. >Read more
In this edition of EUFederation for the Factoring and Commercial Finance Industry industry terminology, we explore "ACCOUNTS RECEIVABLE (A/R)".A legally enforceable claim for payment held by a business entity against its customer for goods supplied or services rendered in execution of the customer's order, and recorded on the balance sheet. Such claim generally takes the form of invoice raised by a seller and delivered to the customer for payment within agreed timeframe. Also called "Receivables". >Read more