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

May 2022

Finacity Facilitates $100 Million IFRS Off-Balance Sheet Securitization for Vitro, S.A.B. de C.V.

Finacity Corporation (“Finacity”) announced that it has successfully launched an IFRS off-balance sheet trade receivables securitization for Vitro, S.A.B. de C.V. (“Vitro”) (BMV:VITROA). The transaction allows for up to $100 million in funding of the senior tranche from a U.S. based bank, as well as an initial $1.2 million investment from Finacity Asset Management in the intermediate subordinated note to achieve off-balance sheet treatment.

Press Release

Apr 2022

Finacity Arranges a EUR 10 Million Receivables Finance Program for Santa Fe Relocation

Finacity Corporation (“Finacity”), a White Oak Company, is pleased to announce that it has facilitated a EUR 10 million receivables finance facility for Santa Fe Relocation, a global mobility company specializing in managing and delivering high-quality relocation services worldwide. The new receivable facility, which includes sellers based in the United Kingdom, Belgium and France, provides additional financing for the growth of the company.

Press Release

Apr 2022

Finacity Facilitates Increase and Expansion of Accounts Receivable Securitization Program to $1.1 Billion for Bunge

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from US$925 million to $1.1 billion of the commitment capacity for the Accounts Receivable Securitization Program for Bunge Limited (“Bunge”), a US-based leading global agribusiness and food company. As part of the process, Finacity also supported the addition of two new subsidiary company originators for Bunge in its Program.

Press Release

Mar 2022

Finacity’s Facilities Exceed Annual Volume of 60 Million Receivables and US $150 Billion

Finacity Corporation, a White Oak Company, (“Finacity”), announces that the facilitation of receivables funding on behalf of its global clients continues to grow, with annual volume now exceeding US $150 billion. Annually, approximately 60 million commercial and consumer receivables are tracked and reported on, providing clients and investors with detailed daily transparency.