Forfaiting News

Transcapitalbank syndication massively over-subscribed

Posted on Tuesday, August 26th, 2014

The 364-day facility will be used to finance Transcapital’s customers’ trade contacts and was priced at a margin of 2.95%. It was brought to market by Banco Finantia S.A., Commerzbank AG and VTB Bank (Deutschland) AG in mid-June. By the time of loan-signing five weeks later, subscriptions had reached US$70m with Raiffeisen Zentralbank Osterreich AG […]

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Our thanks to Norbert Fritsch

Posted on Tuesday, August 26th, 2014

Norbert, who works for HVB in Munich, has completed two three-year terms on ITFA’s Board and therefore under our Board mandate he is obliged to step down. But we will miss him. “He has brought to ITFA his three decades of experience of trade finance and forfaiting, as well as playing a vital role on […]

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Investkredit Bank joins ITFA

Posted on Tuesday, August 26th, 2014

Investkredit is part of Volksbank Group and is responsible for its corporate and real estate business. It has offices in 7 countries in Central and South Eastern Europe including Czech Republic, Poland, Romania, Slovakia and Ukraine and has a well-developed capability in international structured and trade finance. The bank’s business streams include providing advice on […]

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The Receivables Exchange joins ITFA

Posted on Tuesday, August 26th, 2014

New ITFA member The Receivables Exchange is a platform established to give private companies rapid access to working capital. Headquartered in New Orleans with an office in New York, qualifying companies can list their invoices on The Receivables Exchange where capital providers bid to buy the receivables. The Exchange’s target is the massive accounts receivable […]

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ITFA Website Redesign

Posted on Tuesday, August 26th, 2014

Work is currently being carried out to improve the ITFA website and make several changes to enhance the user experience. We apologise for the inconvenience this may cause, and reassure users that this should only be a minor disruption which should be completed over the next few days.

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