International factoring: Latest News from Members and Industry

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Taking effect on January 1, 2016, the combined organisation now represents more than 400 institutions in over 90 markets worldwide. The combined annual turnover of the enlarged network represents 75 per cent (1.7 trillion Euro) of the total global factoring volumes (2.3 trillion Euro) and approximately 90 per cent (441 billion Euros) of the total cross-border factoring volumes (490 billion Euros).The enlarged network creates one legal framework for its members, making it easier for them to do business. It will also allow the industry to speak with a single voice to national as well as supranational regulators….
Dar es Salaam, 03 February 2016 – African businesses should capitalise on the advantages offered by factoring as an alternative trade finance instrument in order to trade more competitively, participants heard on Monday as a factoring promotion conference co-organised by the African Export-Import Bank (Afreximbank) and Factors Chain International (FCI) opened in Dar es Salaam. …
THE SECOND EU FACTORING AND COMMERCIAL FINANCE SUMMIT: PROVIDERS WORKING TOGETHER TO SUPPORT THE REAL ECONOMIES IN EUROPE

The European Federation (EUF) and the global network Factors Chain International FCI (which has recently merged with the International Factors Group IFG) hosted a gathering of principal stakeholders including regulators, lawmakers and industry providers. …
Apart from the certification, FCI foundation course for non-members has been included into Financial Training Scheme (FTS) programme. Students following FTS programme will benefit from 50 % discount for the course and will be certified both by IBF and FCI. …
EU Federation for Factoring and Commercial Finance Breakfast Workshop in European Parliament: Building Bridges between Finance and SMEs

Brussels, 27th January 2016 – Markus Ferber, MEP and Vice Chairman of the ECON Committee today chaired a breakfast meeting at the EU Parliament sponsored by the EUF.
The program brought together top EU policy makers, from both the European Parliament and the European Commission, finance providers and leaders of real economy SME users. The hundred attendees explored the opportunities and issues that these employment and wealth creating businesses face in obtaining funding on the ground. …
Moscow, 18 January 2015 – Russian Association of Factoring Companies (AFC) publishes preliminary data for 2015. The total turnover of AFC’s 18 members, who provided the data, amounted to 1 trillion 439 billion rubles, the total portfolio as at 31 December 2015 reached 260 billion rubles. …
FIMBank plc has announced the appointment of Howard Gaunt as Group Chief Operating Officer. Howard Gaunt is a senior banker with a proven track record in strategic development and end-to-end management in major and reputable financial institutions. …