Trade Receivables Securitisations
Securitisation of various cash flow assets began in the 1980s. Trade receivables, while not the fi rst asset class to be securitised, date back at least 25 years. Trade receivables securitisations all ...
Working Capital – a Strategic Opportunity?
As any keen MBA student will relate, Michael Porter’s Five Forces* model can help management to determine the structure of their industry and provide a backdrop for strategy formulation. Understan ...
Introduction to Receivable Securitization
While portfolio factoring and receivable securitization are both corporate funding constructs based on the true sale of a company’s trade accounts receivable, there are also significant differences ...
Securitisation of Trade Receivables: An Alternative Source of Corporate Liquidity
Securitisation is a powerful technique for deriving flexible and efficient liquidity from a corporation’s trade accounts receivables. It can provide committed, revolving funding on a non recourse ba ...
Sharing the Business
As an arranger, structurer, administrator and reporting agent on trade receivables securitisations and other structured receivables finance products, we have been viewing the evolving trends and devel ...
Accounts Receivable Securitization
By various estimates, a tally of accounts receivable as reflected in the financial statements of U.S. companies would total approximately $10 trillion, with a comparable amount outstanding in Europe a ...
Making Trade Securitisation Work
While there has been much debate over securitisation in general, there is often very little attention paid to the actual process through which securities are created, and the operations involved in mo ...
Funding Through the Use of Trade Receivable Securitization
A trade receivables securitization is a way for a seller to raise capital by selling certain trade receivable assets into a special purpose vehicle (SPV), on a revolving basis. This permits the SPV to ...
Los Beneficios de la Titulización de Cobros
Segun diversas estimaciones, la cartera de cuentas a cobrar, reflejada en los estados financieros de las empresas europeas, alcanzarra un total aproximado de siete billones de euros. La financiacion d ...
Creative Thinking and Elbow Grease
In January, the Financial Accounting Standards Board (FASB) released FIN 46, an interpretation of Accounting Research Bulletin No. 51 (ARB 51), which addresses consolidation of so-called variable inte ...
Breaking the Funding Barrier
Account receivables financing is a highly efficient means of satisfying many financial demands and has been employed in various forms for centuries. Notwithstanding the history and breadth of funding ...