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June 2008

Activation of new large receivables-based financing programs

Global Supply Chain Finance Ltd (GSCF) is glad to announce the activation of two receivables based financing programs with large sellers. Two additional programs will be activated this year.

The outstandings of the new programs will reach levels of USD 3 billion by the end of the year. As outcome of the market development and increasing demand from sellers for receivables-based financing programs, GSCF has decided to define its position as the world´s leading servicing platform and enter into closed-end cooperation agreements with 3 to 4 financial institutions, two of which have already been selected.

A recent research has provided the following results in terms of supply chain finance market developments:

  • More than 75% of companies are targeting at working capital optimization in their supply chain (seller to distributor)
  • The shortage of working capital to support basic operations is a higher pressure than the one related to inventory
  • Over 50% of companies are looking into using receivable-based programs to finance their distribution.

To learn more about GSCF Group, please contact us.