Global Supply Chain Finance Ltd. (GSCF) is pleased to announce the activation of a USD 450 million receivables-based program for a global aluminum producer that is an important supplier to the construction, automotive, packaging and electronics industries. The program is financed by J.P. Morgan.
GSCF’s state-of-the-art servicing platform will ensure the accurate processing of this multi-currency program that involves various originating entities and hundreds of buyers in approx. 40 countries. Kendall Stevens, CEO of GSCF Group commented: “We are delighted to continue the build-up of our relationship with J.P. Morgan as a servicer of structured receivables-based programs”.
James Fraser, Global head of structured solutions within Global Trade at J.P. Morgan commented: “We are very pleased to have this program activated under the GSCF´s reputable platform and we look forward to activating additional programs in the future”.
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