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Take a look at our Press Releases, Select Media Mentions, Publications, Speaking Engagements and Insights to learn more about what Finacity has accomplished over the years.

Take a look at our Press Releases, Select Media Mentions, Publications, Speaking Engagements and Insights to learn more about what Finacity has accomplished over the years.

Press Releases

Press Release
Jul 2022

Finacity Facilitates Increase and Renewal of Accounts Receivable Securitization Program to EUR 300 million for the Greek State-Controlled Public Power Corporation S.A.

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from EUR 200 million to EUR 300 million of the commitment capacity for the accounts receivable securitization program for Public Power Corporation S.A. [ATHEX: PPC] (“PPC”), the largest Greek electricity generator and the principal supplier of electricity in the country. The securitization program finances consumer and corporate receivables originated by PPC in Greece.

Press Release
Jul 2022

Finacity Facilitates a $70 Million Receivables Securitization Program for American Airlines, Inc.

Finacity Corporation (“Finacity”), a White Oak Company, has successfully facilitated a $70 million receivables securitization program for American Airlines, Inc., headquartered in Fort Worth, Texas. The program focuses on a multi-country, multi-currency portfolio of cargo receivables from certain countries where the airline operates. Finacity provided origination, analytic and structuring support. Finacity serves as the ongoing Administrator for the program.

Press Release
Jun 2022

Finacity Facilitates the Renewal of USD 100 million Trade Receivable Funding for Pyxus

Finacity Corporation (“Finacity”) today announced that it has facilitated the renewal of a $100 million multi-country, two-year committed trade receivables funding program for Pyxus International, Inc. (OTC Pink: PYYX) (“Pyxus”), a global value-added agricultural company and a Finacity client since 2006. The program was renewed at significantly improved pricing levels. Obligor countries include, among others: Indonesia, Korea, Hong Kong, Egypt, Morocco, UAE, Eastern European countries, EU countries, Mexico and the USA.

Media Mentions

Media Mention
Jul 2022

Changing perceptions – Need for liquidity supporting TRS growth

Rapid growth in trade receivables securitisation (TRS) volumes has been accompanied by an apparent change in perception of the asset class, from being overly complex to now being widely considered as an important funding instrument for the real economy. Through the pandemic - and ever since - TRS has been embraced as a flexible solution for corporates seeking to release working capital, as well as by investors in search of low-risk investments and good returns.

Media Mention
Nov 2021

Securitization Insight Podcast

Adrian Katz, Finacity's CEO, is featured on Norton Rose Fulbright's Podcast "Securitization Insights".  Adrian discusses his company, the impact of challenged and elongated supply chains due to COVID on trade finance, the impact of increasing inflation and potentially higher interest rates in the future on trade finance, trends and changes Finacity has encountered across different industries that are worth noting and how technology is changing the landscape of trade finance.

Media Mention
Sep 2021

In Trade Finance Funding Solutions, It’s Important to Know the Details

As a global leader in working capital and trade finance funding solutions to global businesses, Finacity has found that it’s important to know the details. The company tracks and reports in detail on about 60 million individual receivables annually. It also tracks every payment. Was it paid or not paid? Was it paid on time? Was it paid in full? Was it dilution? It also tracks the reason codes behind dilution. Was it a product defect? Was it a volume discount?

Publications

Publication
Oct 2021

Trade receivables securitisations: Background to trade receivables securitisation

Securitisation of various cash flow assets began in the  1980s. Trade receivables, while not the  first asset class to be securitised, date back approximately 30 years. Trade receivables securitisations allow companies to raise  capital by selling,  on a revolving basis, a selection of receivables to a legally separate, bankruptcy-remote special purpose entity  (SPE). The SPE, with the  conveyance of the  acquired receivables, can issue collateralised notes with the  issuance proceeds flowing back  to the original selling  company.

Publication
Jun 2020

Differential Impact of Covid-19 on Global Trade

We examine contemporaneous, daily global trade data to observe the impact of the dramatic changes in supply, demand, operations, and logistics brought about by Covid-19. Using trade receivables information, we can see large and varied effects as the economy reacts to this major disruption.

Speaking Engagements

Speaking Engagement
May 2020

The Future of Specialty Finance Amidst Covid-19

An in-depth and interactive discussion that will bring together an online community, looking to discuss things like recovery plans post Covid-19, what we can expect to see in the future and the opportunities that will be out there.

Insights