He added that the Bank was actively promoting factoring and forfaiting
in order to meet the financing needs of Africa s small and medium sized enterprises.
Almost ten years later, we believe an in-house bank will enable us to expand the supply chain and structured finance solutions we currently offer to customers and suppliers with complementary product offerings, such as factoring, inventory financing, forfaiting
, marketing and other types of risk management and financing solutions.
Compare commercial and standby letters of credit, standard and silent letter of credit confirmations, bank and corporate guarantees, forfaiting
, factoring, credit insurance, credit derivatives, and foreign exchange contracts from the perspective of what risks each one covers
The only global magazine for this market, Trade Finance is issued ten months throughout the year and provides subscribers' with complete knowledge and assessment on all aspects of Trade, Export, Commodity, Structured counterparts, Forfaiting
and Countertrade with country and sector analysis.
99/2006 just specifies that credit institutions grant loans, including: consumer credits, mortgage credits, factoring with or without recourse, financing of commercial transactions, including forfaiting
However, regional banks are stepping up to fill this void and alternative forms of trade finance are coming on stream, such as supply chain finance, export credits insurance-backed finance and significant uptick in factoring and forfaiting
Earlier this year BNY Mellon received two other awards, a gold for best bank trade services provider and a bronze for most innovative trade bank, at the 2014 Trade & Forfaiting
Review (TFR) Excellence Awards.
Also, the ICC Banking Commission task forces and working groups will gather at side events to discuss technical topics related to bank guarantees, anti-money laundering and compliance, factoring, forfaiting
, legal issues, and regulation.
His experiences have allowed him to develop strong knowledge of corporate strategy, forfaiting
finance, risk management, cash management, and corporate finance products in general.
These include winning 11 EMEA Finance Achievement' awards; the 'African Deal of the Year' award for Konkola Copper Mines financing in the 2013 Project Finance Deal of the Year Awards; 'Commercial Deal of the Year' in the 2013 Trade & Forfaiting
Review Deals of the Year for arranging finance for commodities trader Export Trading Group; and being named 'Best Trade Finance Bank in Africa' by Global Finance.
It owns the UK-registered London Forfaiting
Company, together with factoring joint-ventures in Russia, Romania, Brazil, India, Dubai, Egypt and Lebanon.
MANAMA: The ICC Bahrain, the national committee of the International Chamber of Commerce in the kingdom, has played a major role in drafting rules for forfaiting