ABN Amro launches new trade receivables service

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01 September 2002

ABN Amro Bank's Global Trade and Advisory business unit, in a strategic partnership with Finacity Corporation, has launched an innovative funding service for commercial trade receivables.

This new service will allow US clients to optimize working capital through the monetization of domestic and cross-border trade receivables, typically the largest current asset on a company's balance sheet. ABN says the result for these customers is improved cost of capital, increased cash flow, and transferred obligor risk, as well as the potential for true sale treatment. In addition, ABN customers gain access...

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