Financing receivables can be deceptively challenging. Though prima facie is a simple operation, it often requires corporates to engage multiple buyers in order to offload an entire portfolio – a time-consuming exercise that can eat into many of the benefits of the technique.
Yet this problem may soon be a thing of the past. UniCredit is leading the way for a collaboration between banks, factors and insurers – one that will present corporates with a single buyer for their entire receivables portfolios. Sebastian Hölker discusses in TXF.
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