Select Media Mentions
How does trade securitisation work? An Interview with Finacity’s Charles Nahum
The world of securitisation in trade and consumer receivables is complex, yet benefits to corporates are being increasingly realised as liquidity tightens and access to traditional forms of finance is becoming challenging. We spoke to Charles Nahum, Independent Managing Director, Europe at Finacity about the ever-changing role of securitisation wit ...
Trade & Supply Chain Finance 2011: Trade Receivables Securitization
Trade receivables securitization has long been used as an alternative form of liquidity. Once a primary financing tool, many large companies had a trade receivables securitization program in place alongside other working capital solutions. But when the crisis hit, the word securitization became anathema to investors, many banks stopped offering sec ...
Baron, Finacity launch accounts receivable securitization
SHERMAN OAKS, Calif. — Baron & Associates, a specialist in factoring, accounts receivable and purchase order financing, and trade credit insurance, has partnered with receivables funding, servicer and administrator Finacity to offer a new credit packaging program, accounts receivable securitization, to the furniture industry. With traditional fa ...
Chasing paper: PPC’s receivables securitisation
The Greek privatisation programme has so far been every bit as fraught and hesitant as the sceptics insisted it would be. The sale of government assets is meant to do much of the heavy lifting under the bailout agreements that Greece has reached with its creditors since 2010. But the process has been marred by false starts and opposition from publ ...
PPC benchmark securitisation pending
Finacity has been awarded the role of securitisation advisor on behalf of Greece's Public Power Corporation (PPC). The move is expected to pave the way for the first Greek securitisation for a corporate entity and establish a benchmark for other non-performing loan transactions. A consortium led by Finacity and Qualco has been tasked with enhancin ...
Finacity begins analysing payments data
Finacity has begun analysing payments data – a by-product of its receivables financing business – in a bid to create an in-house predictive default tool that informs at both micro and macro levels. According to Adrian Katz, Finacity CEO: “We have roughly three million-plus obligors and track approximately 32 million receivables per year. ...
Finacity oils trade receivable funding with Eurofactor
Finacity brought in Credit Agricole’s Eurofactor to fund an €18 million ($19 million) trade receivable funding programme for Spanish olive oil producer Deoleo,Trade Finance has learned. The one year facility provides financing for both domestic and export receivables from Deoleo’s Spanish operating entity, according to a spokesman for Fina ...
Trade Finance Awards 2017
In June 2016, Votorantim Cimentos North America (VCNA) closed an IFRS off-balance sheet trade receivables securitization totalling $152 million. ...
Finacity’s first Singapore receivables securitisation aids suffering shipping sector
Finacity and ING Belgium have launched a container shipping receivables securization for Neptune Orient Lines NOL),a CMA CGM Group company. The new receivables securitization will facilitate up to $350 million for the Singapore based shipping company.Neptune Orient Lines (NOL) container shipping receivables s ...
How corporates can benefit from off-balance sheet securitisation
Securitisation of trade receivables can be a useful financing alternative for corporates when credit markets are tight. Here Finacity’s David Viney explains how companies with sufficient volumes of receivables can achieve their wider financing goals whilst keeping the transaction off balance sheet. ...
Finacity funding smaller pools
Finacity is offering its securitization services to smaller clients. The effort builds on the Stamford, Conn., firm's established area of expertise - helping clients bundle their trade receivables into term asset-backed bonds. This time, it is taking aim at manufacturers, commodity companies and service providers that aren't large enough to carry o ...
Finacity Launches German securitisation programme and new vehicle for smaller portfolios
Specialists accounts receivable securitisations provider Finacity has launched a combined receivables securitisation programme for Papier Union GmbH (PapierUnion) and PMF Factoring GmbH (PMF Factoring), allowing up to €100m in funding through a leading European bank. ...
Finacity launches small-portfolio securitisation
US based receivables finance arranger Finacity has launched Finacity Capital Management (FCM), a securitisation vehicle for companies with smaller receivables portfolios.As banks continuously retrench from financing small businesses due to new regulatory requirements, the company believes the new solution will help increase trade by offering smal ...
Why treasurers are taking to trade receivable securitisation
Treasurers at investment grade companies may not have too much trouble raising low cost finance through the traditional channels right now. But with continued bank regulatory uncertainty, they cannot count on that to last forever. Perhaps, some alternatives should be considered – for instance, trade receivables securitisation. ...
Banishing the Stigma: How Securitisation Can Plug the Hole
Adrian Katz, CEO of Finacity Corporation, tells TXF’s Ollie Gordon why trade receivables securitisations could well be the answer to the trade finance industry’s leaking capacity. ...
A Sea Change in Trade Finance
From digitisation and disruptive innovation to regulation and reprioritisation, the world of trade finance and treasury management is changing rapidly and, in most instances, irreversibly. The need for organisations to adapt their strategies to a fast‐transforming environment has seldom been stronger, but at the same time embarking on a sustaina ...
Por aportes a exportaciones de EE.UU., Finacity fue premiada
Finacity, compañía especializada en la titularización de cuentas por cobrar -que reestructuró en Colombia la deuda de Coltejer-, recibió la Distinción Presidencial “E” por Servicios a la Exportación. ...
Finacity Receives Presidential Award for Export Service From Secretary of Commerce Penny Pritzker and Assistant Secretary for Global Markets Arun Kumar
Today, U.S. Commerce Secretary Penny Pritzker honored 45 American companies and organizations, many of which are small- and medium-sized enterprises (SMEs), at the 2015 President’s “E” Awards ceremony. This year marks the 53rd anniversary of the “E” Awards presentation, which recognizes companies and organizations that make a significant ...
The Banamex Fraud – Assessing the Impact One Year On
Cornelius Cavendish investigates how the USD400 million fraud case involving Citi's Mexican subsidiary, Banamex, has affected receivables finance industry risk strategies one year on from its discovery. Just over a year ago, in February 2014, Citi Group discovered its Mexican subsidiary, Banamex, had been the victim of a massive fraud. The incident ...
Analysis: Finacity completes two trade receivables securitisation facilities
The US headquartered Finacity was behind two trade receivables securitisation facilities in November. Aaron Weinman explores the background.In late November, Finacity, which structures capital markets receivables facilities, closed two similar trade receivables securitisation facilities. The first transaction was an $880 million facility for Fren ...
Finacity, Nord LB launch facility
Trade receivables securitisation specialist Finacity, in partnership with German bank Nordddeutsche Landesbank Girozentrale (Nord LB), has announced the launch of a trade receivables securitisation facility for container shipping company CMA CGM, allowing up to US$880mn through a syndication of five banks. ...
Trade Receivables ABS Gain as Funding Tool
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 an ...
Shift to Term Funding for Accounts Receivable Securitization
It’s still more common for companies to finance sales that they have yet to collect on via banks, either through asset-backed commercial paper (ABCP) conduits, with banks as the primary investors, or asset-based loans. But term securitizations offer issuers more flexibility, and the bonds’ high yields and strong performance are attractive to a ...
A closer look at securitisation
From the financiers point of view trade receivables represent an attractive asset, for the most part self-liquidating, usually under short terms and suitable for revolving finance. And as we know, just as receivables come in a range of sizes across a range of industries there is also a wide range of financial products in the market place to provide ...
Securitization – The Sequel
To some people, securitization is a dirty word. Small wonder, given its role in the meltdown of the financial system six years ago. The technique made it easy to spin dross into fool's gold, say critics, pointing to the issuance of billions of dollars of worthless mortgage-backed securities. Nowadays, anything that smacks of finacial enginerring is ...
Finacity quiere más clientes en el mercado local
BOGOTÁ_ Las operaciones de titularización, si bien son conocidas por los inversionistas locales no son muy utilizadas como medida de financiamiento para las empresas de cualquier tamaño. Adrian Katz,CEO de Finacity Corporation, compañía especializada en estructurar estos productos en Estados Unidos, Europa y Asia, así como en países latino a ...
Credit Department Stress Test
The financial crisis has limited access to capital, but receivables remain an untapped asset for many businesses. AR securitization allows increased liquidity at interest rates lower than anything else in a company's capital structure. Before a company can turn its receivables into cash, however, outside experts take an exacting look at the firm's ...
Trade Assets Tarnished by Securitisation Scare
With capital markets in crisis, once-lauded risk-sharing structures have never had it so bad. Shouldered with a large share of the blame for the current financial mess, securitisation suddenly finds itself a dirty word. But for higher-quality trade assets, is the slander justified? And while corporates rely on invoice discounting to partly plug the ...
Warning: Credit Risk is Spreading
On June 29, David Schier, credit manager for Jacobus Energy, a Milwaukee, Wis.-based fuel supplier, was enjoying a relaxing Sunday until he received a call from the company's sales rep for Indiana. It was bad news. The rep had heard that one of Jacobus' bigger customers - Alvan Freight, a Kalamazoo-Mich. trucking company - was about to file for ban ...
Mexico’s PCD Does It for Finacity
In a struggling market, don’t count on finding your next deal without promoting your brand to a captive audience of people who can give you the business. Maintain your competitive edge by advertising in Asset Securitization Report. Structured Finance professionals rely on Asset Securitization Report’s full range of news, people coverage, analys ...
Debt in Disguise
Why does WESCO International Inc. use accounts-receivables securitization, a form of financing so closely linked to the subprime-mortgage meltdown? “Because we can,” says senior vice president and CFO Stephen Van Oss. Van Oss is speaking only partly tongue-in-cheek. His company, a $5.3 billion distributor of electrical products, has a high-qual ...
Finacity facilitates investment-grade, off balance-sheet securitisation of trade receivables
Finacity facilitates investment-grade, off balance-sheet securitisation of trade receivables Finacity recently received “2006 deal of the year” from Trade Finance Magazine for their 3-year, $55 million non-OECD trade receivable securitization for Alliance One International, Inc. (AOI) completed at the end of last year. The transaction receiv ...
Claves de financiacion internacion
Segun diversas estimaciones, la cartera de cuentas a cobrar,reflejada en los estados financieros de las empresas europeas,alcanzaria un total aproximado de siete billones de euros.La financiacion de la empresa mediante la prenda,venta o cesion de sus derechos de cobro ha sido un instrumento eficiente para satisfacer sus necesidades financieras y am ...