Trade Receivables ABS Gain as Funding Tool

July 2014 by

There’s a growing market enabling companies in a variety of industries to monetize their receivables and relieve pressure on working capital.International Trucks has been a regular participant in the asset-backed securities (ABS) market for decades, securitizing assets including dealer floor plans and customer loans. In May the maker of trucks and other heavy vehicles completed a securitization of trade receivables in an early example of what bankers foresee as a growing market enabling companies in a variety of industries to monetize their receivables and relieve pressure on working capital.

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