IBM offers factoring in China

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13 January 2010

IBM has completed its first deal under a new factoring entity, IBM Factoring Company Limited, which will offer factoring to businesses operating China.

IBM Global Financing, the lending arm of the computer giant, has established a new operating entity called IBM Factoring Company Limited (IBM Factoring) which will offer factoring to businesses operating China.

Late last year, the Tianjin Government provided IBM Global Financing, the lending and leasing business segment of IBM an exclusive license to provide accounts-receivable lending in the Tianjin Binhai New Area, a key...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%