Differential Impact of Covid-19 on Global Trade

Covid-19 led to rapid and significant changes in the economy as the need for social distancing, personal protection equipment, and deep cleaning suddenly became operational imperatives in both the workplace and the household. The economic effects have been swift and dramatic, but they have not affected industries uniformly as some businesses were shut down entirely, while others have been able to adapt with varying degrees of success, while still others have found increased opportunity in the new requirements. Most visibly, businesses that necessarily put people in close contact with each other, such as travel, sports and entertainment events, and personal services have been hardest hit. Many small, local businesses have shut down entirely, so we examine daily global trade data and observe how businesses are reacting to the unfolding crisis on a day-by-day basis and to gain visibility in any relationship between business size and ongoing performance during Covid-19.

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Latest News

Press Release

Sep 2020

Finacity Arranges a EUR 60 million Receivables Securitization Facility for Kongsberg Automotive ASA

Finacity Corporation (“Finacity”) announces the closing of a trade receivables securitization program for Kongsberg Automotive ASA [OB: KOA] (“Kongsberg Automotive”), the Norwegian supplier to the global automotive industry. The securitization program finances trade receivables originated by the company’s businesses in the US, Canada, France, Poland and Slovakia.

Press Release

May 2020

Finacity Arranges Receivables Securitization for Startek, Inc.

Finacity Corporation (“Finacity”), a member of the Greensill family of companies, announces the close of a trade receivables securitization program for Startek, Inc. (“Startek”) in April 2020. The securitization program finances receivables originated by Startek’s entities in the United States.

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