Siemens Financial Services (SFS) has formed a partnership with securitisation firm SecDebt to offer trade receivables finance to European mid-cap companies and SMEs via its Advance solution. ‘Traditionally, raising low-interest finance in the capital markets using invoice debt was very much the province of larger companies,’ said Siemens. ‘Setting up an invoice securitisation was legally and administratively complex, with the subsequent regulatory reporting costly for internal financial management teams,’ it noted. To this end, Advance has been developed to evaluate, finance and monitor the debtor asset, said Siemens.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.