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PARIS and DUSSELDORF, Germany and MADRID, Spain and LISBON, Portugal and STAMFORD, Conn., Feb. 25, 2019 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”) announced today that it has hosted four gatherings of senior finance professionals for an opportunity to network with peers and to learn about the very latest developments in Receivables Securitization. Receivables Securitization can lower a company’s all-in financing costs and maximize liquidity, while diversifying sources of funding. It is also an opportunity for off-balance sheet treatment of receivables through a facility which does not encumber other assets and has minimal covenants. The roundtables assembled at the United States Embassies and Consulate Residences in Paris, Dusseldorf, Madrid and Lisbon resulted from the support of the US Commercial Service, the trade promotion agency under the US Department of Commerce. The events were successful and positive feedback received, for example:
“I found yesterday’s meeting quite interesting. KraussMaffei Group have looked into receivables securitization from time to time in the past but so far without finding an acceptable pragmatic solution. Finacity appears to be knowledgeable and hands-on as well so we may have a fresh look at the topic in the second half of this year. Thank you again for the invitation to yesterday’s event.” - Dr. Wolfgang W. Molter, Head of Group Treasury.
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual volume of receivables of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 175 countries. Finacity is a recipient of the “Presidential Award for Export Service” from the United States Department of Commerce. For further information, please visit www.finacity.com.
For more information on these events, please contact: