FCI 的动态

Every June, FCI publishes its Annual Review, giving an overview of progress made by the world's most extensive and important factoring network. The Annual Review presents FCI's annual figures and global factoring statistics. In this extract from the FCI Annual Review 2024, we explore the Regional Updates for Europe, presented by Ms. A. Betül Kurtulus, FCI Regional Director Central, Eastern and South-Eastern Europe and the Middle East, and Mr. Fausto Galmarini, Chairman of the EUFederation for the Factoring and Commercial Finance Industry. Read more via https://lnkd.in/epfcPaDY #fci #factoring #receivables #finance

EBRD?and FCI, with the support of the?Association of Banks in Jordan, held a conference on 29 April to promote the understanding and use of factoring and supply chain finance in Jordan, which are essential tools for unlocking trade. The event attracted experts from the EBRD, FCI, legal practitioners and industry specialists, who gave participants a comprehensive overview of the evolving landscape of factoring and supply chain finance. They also discussed the importance of regulation, risk management and collaboration in developing these markets. Read more via?https://lnkd.in/euHPMV-F #fci?#factoring?#receivables?#finance?#supplychainfinance?#scf

Hosted by the EBRD Trade Facilitation Programme , FCI , and @ The Association of Banks in Jordan, the event focused on elevating understanding and utilization of factoring and supply chain finance (SCF) inJordan . This collaborative effort brought together Jordanian banks, alongside global experts, legal practitioners, and industry specialists, to delve into the dynamic landscape of factoring and SCF. Discussions highlighted the pivotal role of these financial mechanisms in unlocking trade potential and fostering economic growth in Jordan. From regulatory insights to risk management strategies, the event emphasized the importance of cooperation in driving the development of factoring and SCF in the country. Stay tuned for more updates as we continue to drive progress and innovation in trade finance! #EBRD #FCI #Jordan #Factoring #SupplyChainFinance #TradeFinance #EconomicDevelopment #Collaboration #Innovation

EBRD and FCI, with the support of the Association of Banks in Jordan, held a conference on 29 April to promote the understanding and use of factoring and supply chain finance in Jordan, which are essential tools for unlocking trade. The event attracted experts from the EBRD, FCI, legal practitioners and industry specialists, who gave participants a comprehensive overview of the evolving landscape of factoring and supply chain finance. They also discussed the importance of regulation, risk management and collaboration in developing these markets. Read more via https://lnkd.in/euHPMV-F #fci #factoring #receivables #finance #supplychainfinance #scf

On 22-23 April, FCI and African Export-Import Bank (Afreximbank)?will host the?Regional Conference on Factoring, Receivables Finance & Credit Insurance in Southern Africa?in Harare, Zimbabwe. The official event brochure has been published, click below to download it now! “Empowering Economic Growth Through Innovative Factoring & Receivables? Finance Solutions” Key topics which will be discussed at this event include: ?? Challenges and opportunities of Factoring in Africa ?? The importance of implementing a facilitative Legal and Regulatory Environment ?? The various Supply Chain Finance tools available ?? Key success elements and case studies on setting up Factoring Activities ?? Afreximbank’s various initiatives for Factoring ?? Understanding the mechanisms and key elements of Credit Insurance ?? Using Factoring and Credit Insurance together to strengthen business growth & ensure long-term success Download the brochure via https://lnkd.in/eYFe7JGj #fci #factoring #receivables #finance #creditinsurance #creditrisk #risk

?????? Cross Border Loans - Floating Along or an Easy Fix? The Mylan decision last week is the 3rd Australian case in recent(ish) times which considers the issue of whether an independent party in the position of the borrower might be expected to have floating of fixed interest rates. (Hint - all floating.) ?? Chevron - The related party loan had conditions (eg lack of security) which arguably made the arm’s length interest rate higher. The Full Federal Court found that such a loan to an Australian subsidiary might be expected to have had a parent guarantee, and therefore a much lower interest rate. The interest rate, both in reality and under the hypothetical, was floating. ?? Singtel - The Full Federal Court found that the 3rd loan amendment during its term, which fixed the interest rate, did not have a sufficiently strong commercial impetus to conclude that independent parties would have fixed the rate. The Court therefore decided that the hypothetical was to remain a floating interest rate, consistent with what was expected between independent parties when the loan was initially made. ?? Mylan - Button J in the Federal Court decided, under the hypothetical, that the Australian borrower might be expected to have borrowed from the group’s external lenders. That agreement had a floating interest rate. Because that borrowing would have been in USD, then swapped into AUD, swap costs had to be priced in, and that resulted in an effective interest rate above the 10.15% which the related parties had agreed. Some takeaways ?? It is interesting that the recent Singtel and Mylan decisions concern transactions (and therefore interest rate movements) which span the GFC. For the Gen Zs - the Global Financial Crisis happened in 2008, and interest rates fell off a cliff to keep the markets moving. In Australia they dropped by 4% in 8 months. “The Big Short” is an entertaining recap! ?? Revenue authorities are obviously interested in related party financing arrangements when interest rates bounce around because independent borrowers / lenders would look to take advantage of moving rates if they could. ?? The same scrutiny will apply in due course to what arrangements played out in 2020 when COVID-19 hit, and then in 2023 when to combat inflection we saw interest rates jumped by - again - 4%. #taxlaw #incometax #transferpricing #internationaltax #financing

The Export-Import Bank of Trinidad and Tobago (Eximbank) recorded a profit of $88.3 million for the year ended December 31, 2023, marking a 57% increase compared to the corresponding period in 2022.?The Eximbank's revenue also increased by 33% to $146.5 million at the end of December 31, 2023. 'We have achieved increased revenues and enhanced profitability, demonstrating the effectiveness of our financial strategies and commitment to responsible management.?This financial strength allows us to further our core mission of supporting the nation's private sector,' Eximbank's chairman John Tang Nian stated.?Tang Nian said that the increase in positive cash flow, driven primarily by the Manufacturing and Essentials Forex facilities, has enabled the bank to reduce lending rates and lower the cost of investment for growing companies. 'These increases came alongside relatively flat lending net income as the bank aggressively reduced debt by over $117 million in 2023 alone, to actively manage interest expense pressures given the high global interest rate environment, resulting in interest expense that was kept broadly in line with the 2022 level.?Lending assets were also stable at $267 million, supported by significant short-term trade/working capital facilities that continued to revolve very well in 2023 evidenced by total loan disbursements of $239 million,' Tang Nian stated. Tang Nian said Eximbank also incurred a tax charge of $40.8 million, of which it received a write-back of $5.5 million due to a release in reserves and loan recoveries, as well as well-contained administrative expenses, which accounted for 15.6% of total revenues. 'As we move forward, we remain committed to continuous improvement and innovation.?We will work tirelessly to identify new opportunities and refine our programmes to ensure they continue to meet the evolving needs of the market.?Our focus remains firmly on propelling the growth of the private sector, particularly, small and medium- sized enterprises.?Through targeted programmes and initiatives, we are enabling these businesses, often the backbone of our economy, to expand their export footprint and access new markets,' Tang Nian said.?The Eximbank reported that its clients exported over $5.6 billion (US$800 million) worth of goods from January 2022 to December 2023, utilising the Manufacturing Forex Facility. It said it served 165 manufacturers during that period, with 87 of those companies falling into the SME category. Source: Express. Trinidad and Tobago. 29th?March, 2024. Page 11.?

One must consider following rulings when analysing the cross border loans from transfer pricing perspective..

ALTHOUGH small and medium-sized enterprises (SMEs) contribute almost a third of the country’s gross domestic product (GDP), the sector is facing mounting financial strains owing to government delays in paying for goods and services. The TT Association of Small and Medium Enterprises (TTASME) says payment delays have disrupted cash flows for many businesses, with some even being forced to close their doors. Compounding the issue, SMEs seeking loans to fulfil government contracts are being met with hesitation from financial institutions, which are a burden that further threatens their survival. Read more from the Business Day magazine in today's Newsday or on our website here: https://lnkd.in/eAKH35eg

In a bid to meet their working capital requirements and fund future expansion plans, more firms in Nigeria turned to cheaper debts last year as the issuance of commercial papers (CPs) surged by 158 percent. Data from FMDQ Group showed there were 126 commercial paper issuances valued at N650.17 billion as of December 2023, compared to 72 issuances with a total value of N251.46 trillion in the previous year. Ambrose Omordion, chief operating officer of InvestData Consulting Limited, said the issuance of CPs has become the new trend in the Nigerian capital market... #cps #fmdq #businessday https://lnkd.in/dnAwg_ZV