Tag: Credit Insurance
So where are we now following the UK Spending Review? The UK government spending review and stock market reactions have been rather uneventful; with ratings agencies like Fitch outlining that with the u-turn on tax credits and reverse on cutting police spending – Britain has little room for ‘manoeuvre’ if there are stumbling blocks on […]
Finacity’s notable founding shareholders include Bank of America, ABN AMRO and Euler Hermes. The relationship is non-captive allowing Finacity to partner openly with investors, insurers and other service providers best suited to the client. Now 18 years since Finacity was created, Finacity currently facilitates the financing and administration of an annual receivables volume of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 175 countries.
Finacity’s notable founding shareholders include Bank of America, ABN AMRO and Euler Hermes. The relationship is non-captive allowing Finacity to partner openly with investors, insurers and other service providers best suited to the client. Now 18 years since Finacity was created, Finacity currently facilitates the financing and administration of an annual receivables volume of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 175 countries.
London, 17 July 2019 – Stenn, a leading provider of cross-border trade finance, closed a $200 million receivables securitisation programme with Natixis to expand its capital markets programme. This programme significantly augments previous capital programmes launched by Stenn. London, 17 July 2019 – Stenn, a leading provider of cross-border trade finance, closed a $200 million […]
Global Credit data has just released a new report – the IFRS 9 Report – which demonstrates that banks’ expected credit loss estimates may vary by at least factor 4. Results from the study suggest that the IFRS 9 framework is yet to stabilise, given a significant degree of variability. While some variability is to […]
Listen to this podcast on Spotify, Apple Podcasts, Podbean, Podtail, ListenNotes, TuneIn, PodChaser Season 1, Episode 32 Host: Deepesh Patel, Editor, Trade Finance Global Featuring: Sean Edwards, Chairman, ITFA & Head of Legal at SMBC Peter Sargent, Head of Transaction Banking at DNB Bank Rudolf Putz, Head of the Trade Facilitation Programme at the EBRD […]
LONDON, 9 March 2020 – Aon plc (NYSE:AON) and Willis Towers Watson (NASDAQ: WLTW) today announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. “The combination of Willis Towers Watson and Aon is a natural next step in our journey to better serve our clients […]
The Chancellor, Rishi Sunak, has significantly increased UK Export Finance’s (UKEF) direct lending facility to £8 billion, with £2 billion allocated for clean growth projects. Through UKEF’s direct lending scheme, the government’s export credit agency provides overseas buyers of UK goods and services with financing support in the form of long-term, fixed-rate lending. £2 billion […]
UK Export Finance to offer export insurance in all major markets in response to Coronavirus (COVID-19) UK Export Finance (UKEF) can insure UK businesses against the risk of non-payment when selling internationally The department’s export insurance scheme has been extended to major markets, including the US and EU Government-backed insurance for UK exports to these markets […]
London, 21 April 2020 – A preliminary report released today outlines a significant cumulative response from insurers of export credit, resulting in four broad categories of support, based on: Supporting exporters – through increased flexibility and relaxation of terms for policyholders (exporters) or their clients; expedited processes (approvals / claims processing); some concessions, waivers or […]
