SUPPLY CHAIN FINANCE MARKET OVERVIEW

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "SUPPLY CHAIN FINANCE MARKET OVERVIEW"

Transcription

1 SUPPLY CHAIN FINANCE MARKET OVERVIEW The current, global market size for Supply Chain Finance is estimated at USD 275 billion of annual traded volume, which translates in approximately USD 46 billion in outstandings with an average of 60 days payment terms.

2 INTRODUCTION The document describes the potential and current (approved payable finance) market size. It gives an overview about the ecosystem and analyses which drivers are propelling or constraining the take-off and adoption on a large scale. It also identifies the key players in and their solutions used by global corporations. Given the competitive nature of the supply chain finance market and due to the fact that business undertaken is covered by customer and bank confidentiality, sources of information regarding market size and players are constrained and not widely available in the public domain. As a result, indications on the market size are based mainly on estimates. PrimeRevenue Inc What is? is a solution that helps meet corporate objectives including: Working capital, EBITDA, supplier financial risks. It allows corporates to increase their payment terms and/or provide the option to their suppliers to get paid early. 2

3 MARKET POTENTIAL, CURRENT SIZE, GROWTH The current, global market size for is estimated at USD 275 billion 1 of annual traded volume, which translates in approximately USD 46 billion in outstandings with an average of 60 days payment terms. It is still relatively small compared to the market size of other invoice finance solutions such as factoring, which remains the largest trade finance segment and is primarily domestic in focus. The potential market for Supply Chain Finance for the OECD (Organization for Economic Co-operation and Development) countries is significant and is estimated at USD 1.3 trillion 2 in annual traded volume. The market serving European supply chains is approximately USD 600 billion 3. Based on these figures, the potential market size for the US is estimated to be approximately USD 600 billion in traded volume per annum 4. A recent comprehensive research paper 5 estimated that currently there are 200 global programs of scale in place. These programs are run both domestically and cross-border and in multiple currencies. Still, the market potential is far from its capacity. If examining spending of large organizations, such as Lowe s USD 33 billion in spend, it becomes apparent that Supply Chain Finance programs usually require a multi-bank platform due to the credit and capital issues associated with banks 6. Market Experts estimate that only 10% of the global available marketplace has been satisfied with solutions, revealing a large potential market for growth 7. The market is expected to continue to expand strongly in the coming years at a rate of approximately 20-30% per annum and 10% per annum by The highest growth of supply chain finance programs currently originates from the US and Western Europe. Asia - India and China in particular, are considered the markets with most potential in the coming years. The driving forces behind the rapid growth of supply chain finance programs are: Globalization has increased the risk in supply chains and the impact on the financials of corporations. Working Capital Management has risen at the top of the CFOs and Treasurers agendas. Strong interest from suppliers regarding the provision of liquidity and enabling lower financing costs. 1 Global Business Intelligence, E.Hoffman, O.Belin, Solutions, Springer, Demica, PrimeRevenue, Global Business Intelligence, Demica, Demica,

4 CHALLENGES FOR FURTHER GROWTH Although is experiencing significant growth in demand, financial institutions are focused mainly on the large buyer side of the trade equation. As structured solutions have been traditionally engineered and provided by banks specifically for large international trading companies, they do not use common foundations. In order for to take off on a broad scale, a fresh impetus is needed. A tipping point could easily be reached by solving the following challenges. On-boarding of Supplier. Current Supply Chain Finance programs require the buyer s trading partners - the suppliers - to be enlisted on the buyer s Supply Chain Finance portal. The multitude of such platforms generates operational issues for suppliers wishing to benefit from various offerings via their buyers funders. Know-Your-Customer (KYC). Most funders require KYC checks to be performed on suppliers being enlisted as new trading partners. This procedure not only increases the total processing cost, but it also puts the business case for all parties including the service provider, funder, buyer and ultimately the supplier at risk. Available Capital and Liquidity. With 90% of liquidity in programs provided by global commercial banks, there is a large amount of trade assets, which cannot be covered by such financial institutions. Further regulations such as Basel III might impact the risk appetite and funding capacity of banks and make it more attractive for non-bank funders to step in and support Supply Chain Finance facilities. Limited to large buyers. Today s Supply Chain Finance offerings are mainly addressing the large buyers with sound credit ratings whereas the real Supply Chain Finance opportunity extends to large suppliers too, in particular in terms of payment assurance and risk mitigation. Proprietary legal documentation. Current offerings use proprietary legal documentation which makes the signing of non-standard agreements a costly, complex and time consuming process for corporate clients and their suppliers. Therefore, the market is currently facing challenges related to the absence of interoperability and legal standards. Standardized product definitions. The naming and definitions of the various solutions vary from one market player to the other, which makes it difficult for corporations to compare offerings and consider switching from one provider to another. 4

5 Proprietary banking solutions are relevant but we didn t want banks to sell trade receivables in the secondary market. Markus Schiffers, Head,, SFS

6 PLAYERS THE MAIN SOLUTIONS USED IN THE MARKET practices have been in place for over a decade. Three distinctive structures have crystalized. Buyer managed platforms. In this structure the buyer owns and runs the platform. Some large retailers such as Carrefour 9 or Metro Group 10 are using this structure and managing the finance program, supplier onboarding, and liquidity themselves. Bank proprietary platforms. The Supply Chain Finance structure is managed by large commercial banks providing the technology platform, services and funding. This structure is used by several large buying organizations such as Carlsberg, Boeing, Marks & Spencer and Proctor & Gamble. Multi-bank platforms. The structure that has exhibited the strongest growth rate is represented by independent third party supply chain finance providers offering multi-bank platforms. This structure separates the entities, which manage the platform a specialized service provider such as PrimeRevenue and the funding partner, which provides liquidity and takes the credit risk. Based on the fact that funding in Supply Chain Finance is uncommitted, no bank can fund in every jurisdiction or currency and due to the general limitations in terms of credit risk appetite, companies such as Volvo 11, Lowe s 12, KPN 13 and other leading organizations have chosen this structure. In terms of market share Supply Chain Finance is managed mainly by a handful of players including large commercial banks such as Citibank, JPMorgan, Deutsche Bank, HSBC, Santander and PrimeRevenue, the leading multi-bank platform. Together they manage about 40% of the market share. The rest of the Supply Chain Finance is serviced and funded by a variety of local banks and small, independent service providers. PrimeRevenue is the largest Supply Chain Finance platform in the market, which has partnerships with more than 40 banks and other financial institutions and is responsible for more than 10% of the global market share in terms of managed trading volume. The multi-banking platform is managing the largest Supply Chain Finance programs in the world including Volvo, Whirlpool and several others facilities from global organizations. 9 Affacturage_affacturage_confidentiel_societe_daffacturage_fact or/104-fr- Affacturage_gt_Reverse_factoring_affacturage_inverse_financem ent_des_fournisseurs Finance-Full-Report-no-download/files/assets/seo/page19.html 6

7 We are here to support you A B C Complete a working capital benchmarking and compare your performance with your peers. Identify how much potential cash flow you can generate for your short-, medium-, and longterm strategies Design a detailed program to improve working capital and develop a detailed action plan to achieve substantial results. < 7

8 About PrimeRevenue PrimeRevenue is the leading global provider of multi-bank technology and services. The PrimeRevenue OpenSCi platform and working capital advisory services provide businesses with the control and flexibility required to drive superior results, thereby reducing cost, capital and risk throughout the supply chain and enabling stronger supplier relationships. Headquartered in Atlanta, PrimeRevenue also has offices in Paris, Frankfurt, London, Prague, Melbourne, and Hong Kong, and operates some of the largest programs for customers around the globe. For more information, visit REFERENCES To learn more about how we can help your business, Please contact us. Phone: h7p:// library/documents/investors/2013%20events/2013%2002%2014%20- %20fy'12%20conf %20call%20transcript.pdf 2. h7p:// best- pracuces/working- capital- management- english.pdf 3. h7p:// services/publicauons/assets/pwc- working- capital- final.pdf 4. Cash on the table, Ernst & Young CFO UK h7p:// depth/financial- planning/ /a- liquidity- holy- grail/

ELECTRONIC TIME DRAFTS AND SUPPLY CHAIN FINANCE

ELECTRONIC TIME DRAFTS AND SUPPLY CHAIN FINANCE Electronic Time Drafts is the latest innovative product introduced by PrimeRevenue and will contribute to our long-term success as a global leader in the Supply Chain Finance market. David Quillian, Vice

More information

WELCOME! Introduction. Celebrating. &PrimeRevenue. PrimeRevenue Hong Kong. 2012 PrimeRevenue, Inc.

WELCOME! Introduction. Celebrating. &PrimeRevenue. PrimeRevenue Hong Kong. 2012 PrimeRevenue, Inc. WELCOME! Introduction Celebrating Ethe Factor Network establishment of &PrimeRevenue PrimeRevenue Hong Kong 2012 PrimeRevenue, Inc. Global Reach Today, we transact business in 50 countries Our platform

More information

A new start for Supply Chain Finance

A new start for Supply Chain Finance White Paper The Payment Obligation: a new payment term to secure and finance trade A new start for Supply Chain Finance In Q2 2013, the banking industry releases a unique set of legal and technology standards

More information

SUPPLY CHAIN FINANCE Promoting Sales Growth through Innovative Financing

SUPPLY CHAIN FINANCE Promoting Sales Growth through Innovative Financing SUPPLY CHAIN FINANCE Promoting Sales Growth through Innovative Financing Zurich 19 October 2015 Agenda Presentation 30 min Panel Discussion 30 min Q&A with the Audience 30 min - 2 - Introduction of Panelists

More information

When Treasury Meets Trade Trade finance as a key working capital optimization tool.

When Treasury Meets Trade Trade finance as a key working capital optimization tool. FEBRUARY 2012 When Treasury Meets Trade Trade finance as a key working capital optimization tool. Chris Bozek, Managing Director, Head of Global Trade and Supply Chain Products, Bank of America Merrill

More information

Supplier Financing in Turnaround Situations

Supplier Financing in Turnaround Situations Supplier Financing in Turnaround Situations Introduction The last few years have seen a sharp rise in the use of supplier financing platforms and more innovative financing structures This is relevant to

More information

Cloud-based trading & financing ecosystem for global ecommerce

Cloud-based trading & financing ecosystem for global ecommerce Cloud-based trading & financing ecosystem for global ecommerce specializing in China inbound and outbound trade for small online retailers and social commerce players Our Motto MAKING BUY AND SELL EASY!

More information

China Minsheng Bank wins the award for Best China Small Business Trade Finance Bank for 2013

China Minsheng Bank wins the award for Best China Small Business Trade Finance Bank for 2013 T.A.B. International Pte Ltd 10, Hoe Chiang Road, #14-06 Keppel Tower, Singapore 089315 Tel: (65) 6236 6520 Fax: (65) 6236 6530 www.theasianbanker.com Press Release FOR IMMEDIATE RELEASE China Minsheng

More information

Trends in Supply Chain Finance

Trends in Supply Chain Finance Trends in Supply Chain Finance SupplierPay Meeting 17 November 2014 David Gustin Managing Director, Global Business Intelligence Co-founder, Trade Financing Matters Copyright 2014 Global Business Intelligence.

More information

Supporting your foreign exchange needs. Search

Supporting your foreign exchange needs. Search Supporting your foreign exchange needs Understanding Foreign Exchange (FX) risk Trading internationally offers UK businesses the opportunity to buy and sell goods and services in a much larger marketplace.

More information

Supply chain finance provides Dutch buyers with 22 billion additional free cash flow

Supply chain finance provides Dutch buyers with 22 billion additional free cash flow Supply Chain Finance ING Economics Department Supply chain finance provides Dutch buyers with 22 billion additional free cash flow This article determines the value to be gained by Dutch buyers and their

More information

Cross-border ecommerce

Cross-border ecommerce Cross-border ecommerce Opening doors for Victorian businesses around the world ecommerce into China 9 March 2016 Charles Thompson General Manager, International Australia Post StarTrack Group A changing

More information

Renminbi (RMB) corporate and treasury services in London

Renminbi (RMB) corporate and treasury services in London Renminbi (RMB) corporate and treasury services in London City of London RENMINBI SERIES London offers an extensive range of RMB corporate banking services including: o Corporate accounts; o Term deposits;

More information

A new start for Supply Chain Finance

A new start for Supply Chain Finance White Paper The Payment Obligation: a new payment term to secure and finance trade A new start for Supply Chain Finance Contents Industry standards are a critical foundation for any competitive eco-system...

More information

Supply Chain Finance for Corporates

Supply Chain Finance for Corporates Supply Chain Finance for Corporates Managing risk, finance and processing efficiency in a multi-bank environment Webinar, 30 June 2011 Our SWIFT speakers today André Casterman Head of Cash, Trade and Supply

More information

Go beyond trade finance automation

Go beyond trade finance automation Trade Services Solution insight Go beyond trade finance automation End-to-end trade services to drive sales and boost margins Turn transaction efficiency into service leadership & product innovation How

More information

Companies turning to Trade Credit Insurance in an unpredictable and debt-laden world

Companies turning to Trade Credit Insurance in an unpredictable and debt-laden world Companies turning to Trade Credit Insurance in an unpredictable and debt-laden world Companies turning to Trade Credit Insurance in an unpredictable and debt-laden world On the heels of a period of financial

More information

Supply chain finance: From myth to reality

Supply chain finance: From myth to reality 22 McKinsey on Payments October 2010 Supply chain finance: From myth to reality Trade finance is a cost-intensive and highly specialized business dominated by a small number of global banks. Given the

More information

Supply Chain Finance. 16 June 2009 Brussels

Supply Chain Finance. 16 June 2009 Brussels Supply Chain Finance 16 June 2009 Brussels 2 Avarina Miller Senior Vice President Demica Ltd, London 3 About Demica UK based specialist in working capital solutions with current focus on trade receivables

More information

CBA is a Global M&A Advisory Firm with Unparalleled Experience and Network Access

CBA is a Global M&A Advisory Firm with Unparalleled Experience and Network Access CBA is a Global M&A Advisory Firm with Unparalleled Experience and Network Access We Connect Opportunities to Capital 2 CBA CONTENT 4 Statistics: Concluded Deals in 2014 5 The Global Economy 6 Five Reasons

More information

Managing risk: Supply chain finance

Managing risk: Supply chain finance Managing risk: Supply chain finance June 2014 At a glance As businesses face an ever-changing global environment, the issues of maximizing cash generation, managing working capital, and supporting the

More information

Define your goals, we ll do the rest

Define your goals, we ll do the rest SUB-FUNDS OF GOLDMAN SACHS FUNDS, SICAV Define your goals, we ll do the rest The GS Wealthbuilder Multi-Asset Portfolios can help you achieve your goals, whether you are looking to preserve, enhance or

More information

KBC Bank Hong Kong branch. We aim to be your preferred banker in Hong Kong

KBC Bank Hong Kong branch. We aim to be your preferred banker in Hong Kong KBC Bank Hong Kong branch We aim to be your preferred banker in Hong Kong Challenges your company is facing today Sales in Europe have surpassed their peak Costs are constantly going up Margins are under

More information

Trade Payables Solutions

Trade Payables Solutions Trade Payables Solutions With GSCF, you can improve your working capital without compromising relationships in your supply chain. Our Trade Payable Solutions allow you to extend your DPO with your Suppliers;

More information

Phone: +44 20 8123 2220 Fax: +44 207 900 3970 office@marketpublishers.com https://marketpublishers.com

Phone: +44 20 8123 2220 Fax: +44 207 900 3970 office@marketpublishers.com https://marketpublishers.com Event Management Software Market by Component, Software, Service, Deployment Mode (On-Premise, Cloud), Organization size, Verticals (Education, corporate, Third-Party Planners, Government, & others), and

More information

FxPro Education. Introduction to FX markets

FxPro Education. Introduction to FX markets FxPro Education Within any economy, consumers and businesses use currency as a medium of exchange. In the UK, pound sterling is the national currency, while in the United States it is the US dollar. Modern

More information

2011 Meridian Partners Limited. Meridian Partners Trade Financing

2011 Meridian Partners Limited. Meridian Partners Trade Financing Meridian Partners Trade Financing About Us Meridian Partners provides you with the legal requirements of a registered office address in Hong Kong, a corporate secretary, telephone, fax and mailing services.

More information

Take control. BancPay. Intelligent Cloud Invoicing.

Take control. BancPay. Intelligent Cloud Invoicing. Take control BancPay. Intelligent Cloud Invoicing. What is BancPay BancPay is an intelligent electronic Cloud service that automates the way invoices are handled. As BancPay operates in the Cloud, you

More information

Supplier s Guide. A guide for identifying business opportunities

Supplier s Guide. A guide for identifying business opportunities Supplier s Guide A guide for identifying business opportunities Welcome Suppliers BNY Mellon believes in forging strong supplier relationships. We rely on our suppliers for a multitude of products and

More information

Electronic Trading and the Australian Foreign Exchange Market

Electronic Trading and the Australian Foreign Exchange Market Electronic Trading and the Australian Foreign Exchange Market Alexandra Heath and James Whitelaw* The introduction of electronic broking to the foreign exchange market in the early 199s signalled the start

More information

Legislative Council Panel on Financial Affairs. Proposal to Attract Enterprises to Establish Corporate Treasury Centres in Hong Kong

Legislative Council Panel on Financial Affairs. Proposal to Attract Enterprises to Establish Corporate Treasury Centres in Hong Kong CB(1)870/14-15(04) For discussion on 1 June 2015 Legislative Council Panel on Financial Affairs Proposal to Attract Enterprises to Establish Corporate Treasury Centres in Hong Kong PURPOSE In his 2015-16

More information

McKinsey on Payments

McKinsey on Payments Volume 8, Number 22 October 2015 McKinsey on Payments Foreword 1 Payments in Asia: At the vanguard of digital innovation Digitization of business processes and the emergence of new platforms for payments

More information

Electronic Invoice Adoption Benchmark Report

Electronic Invoice Adoption Benchmark Report Electronic Invoice Adoption Benchmark Report Based on the Results of PayStream s einvoice Survey Q1 2013 Featuring Insights on... Centralized vs. Decentralized AP Operations Underwritten in part by AP

More information

2010 Expatriate, Returnee and China Hired Foreigner, Compensation and Benefits Survey

2010 Expatriate, Returnee and China Hired Foreigner, Compensation and Benefits Survey 2010 Expatriate, Returnee and China Hired Foreigner, Compensation and Benefits Survey Result Sharing Presentation The American Chamber of Commerce in Shanghai Agenda Study Background Growth Expatriates

More information

TAP INTO THE BUYING POWER OF MILLIONS OF CHINESE CONSUMERS

TAP INTO THE BUYING POWER OF MILLIONS OF CHINESE CONSUMERS COMPLETE AND SECURE PAYMENT SOLUTION PROVIDER TAP INTO THE BUYING POWER OF MILLIONS OF CHINESE CONSUMERS OVER 700 MILLION CARD HOLDERS MoneySwap All Rights Reserved Page 1 CHINA S ONLINE RETAIL MARKET

More information

J.P. Morgan Global Liquidity. Managed Reserves Fund Operation Services Guide. JPM Managed Reserves Fund

J.P. Morgan Global Liquidity. Managed Reserves Fund Operation Services Guide. JPM Managed Reserves Fund J.P. Morgan Global Liquidity Managed Reserves Fund Operation Services Guide JPM Managed Reserves Fund Insight Process =use Results For+institutional only Strictly not for public distribution Welcome to

More information

White paper. Cross-border e-commerce: Rethinking distribution networks. www.landmarkglobal.com

White paper. Cross-border e-commerce: Rethinking distribution networks. www.landmarkglobal.com White paper Cross-border e-commerce: Rethinking distribution networks White Paper. Cross-border e-commerce: Rethinking distribution networks 2 Table of content Cross-border e-commerce is on the up 3 Evolution

More information

DETERMINATION OF MERGER NOTIFICATION M/14/001

DETERMINATION OF MERGER NOTIFICATION M/14/001 DETERMINATION OF MERGER NOTIFICATION M/14/001 AerCap / ILFC Section 21 of the Competition Act 2002 Proposed acquisition by AerCap Holdings N.V. of International Lease Finance Corporation Dated 31 January

More information

+24. Business performance. By Morgan Acker

+24. Business performance. By Morgan Acker +24 Business performance By Morgan Acker [ 24 ] A Plus + March 2006 Cash management is a fundamental consideration for any business. For smaller companies who can t afford to upset vital lenders and suppliers,

More information

SERVCORP LIMITED ABN 97 089 222 506 APPENDIX 4E. Preliminary Final Report for the financial year ended 30 June 2009

SERVCORP LIMITED ABN 97 089 222 506 APPENDIX 4E. Preliminary Final Report for the financial year ended 30 June 2009 SERVCORP LIMITED APPENDIX 4E Preliminary Final Report for the financial year ended The information in this document should be read in conjunction with the 2009 and any public announcements made during

More information

Market Making for Exchange Traded Funds. Corporates & Markets

Market Making for Exchange Traded Funds. Corporates & Markets Market Making for Exchange Traded Funds Corporates & Markets Commerzbank your trusted partner in the ETF market Since the start of the new millennium, exchange traded funds (ETFs) have experienced phenomenal

More information

Why Credit Suisse? Private Banking & Wealth Management 3Q2014

Why Credit Suisse? Private Banking & Wealth Management 3Q2014 Why Credit Suisse? Private Banking & Wealth Management 3Q2014 October 2014 Disclaimer Cautionary statement regarding forward-looking statements This presentation contains forward-looking statements that

More information

Banking and financial services outsourcing in Asia: the legal and regulatory essentials

Banking and financial services outsourcing in Asia: the legal and regulatory essentials Briefing Banking and financial services outsourcing in Asia: the legal and regulatory essentials Summary Asia s banking and financial services sector is increasingly looking to outsourcing and offshoring

More information

Standard Life Investments strengthens strategic position through acquisition of Ignis Asset Management

Standard Life Investments strengthens strategic position through acquisition of Ignis Asset Management For release at 07:00 (UK time) 26 March 2014 Standard Life Investments strengthens strategic position through acquisition of Ignis Asset Management Acquisition of Ignis Asset Management by Standard Life

More information

Enhancing Supply Chain Finance with Bank Payment Obligation (BPO)

Enhancing Supply Chain Finance with Bank Payment Obligation (BPO) Enhancing Supply Chain Finance with Bank Payment Obligation (BPO) Peter Chin Sibos 2013 Dubai September 17, 2013 Copyright 2001 2013 Premium Technology, Inc All Rights Reserved BPO Enhancing Open Account

More information

Seizing Opportunities in Asia and Beyond

Seizing Opportunities in Asia and Beyond Seizing Opportunities in Asia and Beyond Asia, the region of growth opportunities 30% Projected contribution from Asia (excluding Japan) to global GDP in 2020. Today, Asia is the world s fastest growing

More information

Solving financial challenges

Solving financial challenges Solving financial challenges in medical devices & healthcare organizations An action agenda for growth in Medical Devices companies Executive Summary 3 Contents The growth drivers for the Indian medical

More information

Trade Receivables Solutions

Trade Receivables Solutions Trade Receivables Solutions With GSCF, you can improve your working capital without compromising relationships in your supply chain. Our Trade Receivables Solutions let you shorten your and extend the

More information

FusionBanking Trade Innovation Software overview. Operational excellence in trade finance. Trade automation to transform service

FusionBanking Trade Innovation Software overview. Operational excellence in trade finance. Trade automation to transform service FusionBanking Trade Innovation Software overview Operational excellence in trade finance Trade automation to transform service To ensure continued success in Asia and to support our domestic clients more

More information

Trends in Supply Chain Finance

Trends in Supply Chain Finance Trends in Supply Chain Finance Buckeye Financial Forum John Loy April 2015 Agenda History of Supply Chain Finance The underlying economics why it works Current trends Industry Geography Structures Future

More information

Aussie rules: the Oxera Trading and Post-trading Monitor

Aussie rules: the Oxera Trading and Post-trading Monitor Agenda Advancing economics in business The Oxera Trading and Post-trading Monitor Aussie rules: the Oxera Trading and Post-trading Monitor Over the past two decades, the competitive structures of stock

More information

Financial Repression: A Driving Force for Mergers and Acquisitions?

Financial Repression: A Driving Force for Mergers and Acquisitions? Strategy / Investment Financial Repression: A Driving Force for Mergers and Acquisitions? International capital markets have seen a growing number of corporate mergers and acquisitions (M&A) over the past

More information

The Li & Fung Management Book Series

The Li & Fung Management Book Series Supply Chain Finance (V) Supply Chain Finance Management of Commercial Bank The Li & Fung Management Book Series Winnie Lo, Howard Hung Management Theories and Business Models August 2016 1 Transformation

More information

Receivables Finance in Emerging Markets

Receivables Finance in Emerging Markets Receivables Finance in Emerging Markets How financial innovation can enhance social and economic development Executive Summary Andy Davis and Peter Chen June 2014 In the White Paper, the authors examine

More information

0 1 / 14. Clearstream Global Liquidity Hub Newsletter. A single master contract for multiple triparty repo counterparties

0 1 / 14. Clearstream Global Liquidity Hub Newsletter. A single master contract for multiple triparty repo counterparties Clearstream Global Liquidity Hub Newsletter 0 1 / 14 A single master contract for multiple triparty repo counterparties In June 2013, Clearstream developed a new legal master agreement for triparty repo

More information

MIAG MVD presentation 03.05.2012 Mannheim. MIAG C.V. Diemen NL

MIAG MVD presentation 03.05.2012 Mannheim. MIAG C.V. Diemen NL MIAG MVD presentation 03.05.2012 Mannheim MIAG C.V. Diemen NL Agenda MIAG s Role in the METRO Group WHY Supply Chain Finance Benefits of Supply Chain Finance Process of MIAG Vendor Discounting (MVD) Partnership

More information

Supplier Onboarding in a SIM World

Supplier Onboarding in a SIM World Complimentary Research Procurement Executive Insight Management Issue May 7, 2015 Supplier Onboarding in a SIM World By Amy Fong, Senior Procurement Advisor and Purchase-to-Pay Advisory Program Leader,

More information

Seeking a More Efficient Fixed Income Portfolio with Asia Bonds

Seeking a More Efficient Fixed Income Portfolio with Asia Bonds Seeking a More Efficient Fixed Income Portfolio with Asia s Seeking a More Efficient Fixed Income Portfolio with Asia s Drawing upon different drivers for performance, Asia fixed income may improve risk-return

More information

Mastering working capital to build financially sustainable supply chains: A research perspective

Mastering working capital to build financially sustainable supply chains: A research perspective Mastering working capital to build financially sustainable supply chains: A research perspective Simon Templar I would like to acknowledge the assistance of the International Supply Chain Finance Community

More information

Euroclear Group. Data Centre Strategy

Euroclear Group. Data Centre Strategy Euroclear Group Data Centre Strategy Agenda Euroclear, Strategic Objectives Business Continuity at Euroclear Data Centre Strategy What Keeps Me Awake? SS3 050120-2 Euroclear Group World s leading provider

More information

The Bank of New York Mellon is Open For Business.

The Bank of New York Mellon is Open For Business. TREASURY SERVICES The Bank of New York Mellon is Open For Business. Merger Spawns New Platform for Enhanced Treasury Services. Sponsored supplement to Treasury & Risk magazine The Bank of New York Mellon

More information

Performance Measures that Matter. The benefits of Payables Automation. Laura I. Maydón Visa Latin Trade CFO Events Mexico City, June 16 th 2011

Performance Measures that Matter. The benefits of Payables Automation. Laura I. Maydón Visa Latin Trade CFO Events Mexico City, June 16 th 2011 Performance Measures that Matter The benefits of Payables Automation Laura I. Maydón Visa Latin Trade CFO Events Mexico City, June 16 th 2011 Note: Survey results, research and recommended practice recommendations

More information

Exploring future directions for Global Supply Chains

Exploring future directions for Global Supply Chains Exploring future directions for Global Supply Chains Mark Millar Singapore, March 2016 www.markmillar.com 1 www.markmillar.com Mark Millar MBA, FCILT, FCIM, FHKLA, GAICD, SCOR-P Speaker, Moderator, Advisor,

More information

Fast Growth in E-Commerce Demands New Payments Models

Fast Growth in E-Commerce Demands New Payments Models In Conversation With Fast Growth in E-Commerce Demands New Payments Models Gareth Lodge, Celent Neil Burton, Earthport CELENT In Conversation With Fundamentally, banks facilitate industry though the enablement

More information

Corporate Jet & Helicopter Finance Asia 2013

Corporate Jet & Helicopter Finance Asia 2013 Corporate Jet & Helicopter Finance Asia 2013 State of the market: Where are we now and which way is the market going? 25 th June 2013 Agenda 1. The Global UHNW Population 2. UHNWIs in Asia 3. The Chinese

More information

Survey Report. Business strategy and technology priorities in the wealth management industry. Examination of top US wealth management firms

Survey Report. Business strategy and technology priorities in the wealth management industry. Examination of top US wealth management firms Survey Report Business strategy and technology priorities in the wealth management industry Examination of top US wealth management firms Balaji Yellavalli Infosys Ltd. Jaroslaw E. Knapik Datamonitor In

More information

Singaporean exports set to accelerate due to Asian economic rebound and global trade agreements coming online

Singaporean exports set to accelerate due to Asian economic rebound and global trade agreements coming online News Release 29 May 2015 Singaporean exports set to accelerate due to Asian economic rebound and global trade agreements coming online ** Singapore expected to see one of the highest trade growth rates

More information

Association of Retained. 20 th April 2011

Association of Retained. 20 th April 2011 Your Options For Raising Finance - Santander s Perspective Association of Retained Council Housing 20 th April 2011 Overview Santander & Our Commitment Context: HRA Reform Private Finance Broad Comparative

More information

NRF 2015 Global Ecommerce: It s a Small World After All

NRF 2015 Global Ecommerce: It s a Small World After All NRF 2015 Global Ecommerce: It s a Small World After All #nrf15 @FitForCommerce @PitneyBowesEcommerce FitForCommerce is a consultancy founded to help online and omnichannel businesses figure out what they

More information

Evaluating the Australian Outlook through a Global Lens

Evaluating the Australian Outlook through a Global Lens Evaluating the Australian Outlook through a Global Lens Chris Siniakov Managing Director, Fixed Income International Bond Yields 4.00% 2-Year Government Yields as at 15 January 2015 3.00% 2.00% 1.00% 0.00%

More information

Working capital efficiency and cash flow availability are particularly critical for the capital intensive automotive sector.

Working capital efficiency and cash flow availability are particularly critical for the capital intensive automotive sector. i Supply Chain Finance an Engine of Growth for the Turkish Automotive Industry Introduction Working capital efficiency and cash flow availability are particularly critical for the capital intensive automotive

More information

Accenture Procurement BPO Services

Accenture Procurement BPO Services Business Process Outsourcing Accenture Procurement BPO Services Generating value, reducing costs and driving high performance through procurement outsourcing Research shows that companies that are mastering

More information

OBJECTIVES CHAPTER OVERVIEW CHAPTER OUTLINE SEMINAR 28 NOV 2013

OBJECTIVES CHAPTER OVERVIEW CHAPTER OUTLINE SEMINAR 28 NOV 2013 OBJECTIVES To learn the fundamentals of foreign exchange To identify the major characteristics of the foreign-exchange market and how governments control the flow of currencies across national borders

More information

Jersey: for Trusts. Jersey s finance industry provides the highest standards of administration for trust structure

Jersey: for Trusts. Jersey s finance industry provides the highest standards of administration for trust structure Jersey: for Trusts Jersey s finance industry provides the highest standards of administration for trust structure Jersey for Trusts Jersey A leading international financial centre Jersey is a leading international

More information

Trends and Best Practices in Electronic Payments

Trends and Best Practices in Electronic Payments Trends and Best Practices in Electronic Payments Trends and Best Practices in Electronic Payments Over the last year, we have seen a fundamental paradigm shift in the strategies and priorities of our

More information

Financial Supply Chain Management Step into your clients shoes and leverage existing knowledge to optimise working capital across the value chain

Financial Supply Chain Management Step into your clients shoes and leverage existing knowledge to optimise working capital across the value chain Executive summary Financial Supply Chain Management Step into your clients shoes and leverage existing knowledge to optimise working capital across the value chain Amstelveen, 20 maart 2013 (v1) Executive

More information

FLOW TRADERS REPORTS STRONG RESULTS IN FIRST HALF YEAR 2015 AND INTERIM DIVIDEND OF 0.50 PER SHARE.

FLOW TRADERS REPORTS STRONG RESULTS IN FIRST HALF YEAR 2015 AND INTERIM DIVIDEND OF 0.50 PER SHARE. For immediate release FLOW TRADERS REPORTS STRONG RESULTS IN FIRST HALF YEAR 2015 AND INTERIM DIVIDEND OF 0.50 PER SHARE. AMSTERDAM, the Netherlands 19 August 2015. Flow Traders N.V. ( the Company or Flow

More information

The future of M&A in telecom

The future of M&A in telecom The future of M&A in telecom McKinsey & Company s analysis of past telecom mergers and acquisitions provides new insights into where the industry is likely headed. By Jean-Christophe Lebraud and Peter

More information

Tungsten Corporation plc Results for the six months ending 31 October 2014

Tungsten Corporation plc Results for the six months ending 31 October 2014 Tungsten Corporation plc Results for the six months ending 31 October 2014 January 2015 Important information This document contains forward-looking statements that may or may not prove accurate. For example,

More information

Supply Chain Finance. SMMT Meet the Funder. 24 th October 2013. Improving Working Capital through effective Financial Supply Chain Management

Supply Chain Finance. SMMT Meet the Funder. 24 th October 2013. Improving Working Capital through effective Financial Supply Chain Management Supply Chain Finance Improving Working Capital through effective Financial Supply Chain Management SMMT Meet the Funder 24 th October 2013 SUPPLY CHAIN FINANCE Why Use Supply Chain Finance? Protect your

More information

Sector Insights: Corporate Finance Insights

Sector Insights: Corporate Finance Insights Sector Insights: Corporate Finance Insights September 2013 Cashflow is the engine of your business. Tune up with NAB s leading cashflow and payments solutions We re always thinking about better ways to

More information

Stephen Worn Global CTO & Board Director DatacenterDynamics

Stephen Worn Global CTO & Board Director DatacenterDynamics Infrastructure, Technology & Investment Trends: Which Global Gateways are best placed to lead into the Digital World? HKEx Eco-System Conference March 20 2014 Stephen Worn Global CTO & Board Director DatacenterDynamics

More information

The Evolution of Finance and Accounting Outsourcing (FAO)

The Evolution of Finance and Accounting Outsourcing (FAO) The Evolution of Finance and Accounting Outsourcing (FAO) The Finance and Accounting Outsourcing (FAO) industry is undergoing tremendous change driven primarily by customer demand from the CFO/Controller

More information

Changing the game: The new face of customer experience

Changing the game: The new face of customer experience Changing the game: The new face of customer experience Why should you care? I m so close to dropping my bank, because they keep having promos to get new clients, but what are they doing to keep me happy?

More information

Small Business, Enterprise and Employment Bill: Access to Finance fact sheets

Small Business, Enterprise and Employment Bill: Access to Finance fact sheets Small Business, Enterprise and Employment Bill: Access to Finance fact sheets Contents Small Business, Enterprise and Employment Bill: Access to Finance fact sheets... 1 Contents... 1 Invalidating restrictive

More information

ATOMEX-Europe 2013. 8-9 October 2013, Brno, Czech Republic

ATOMEX-Europe 2013. 8-9 October 2013, Brno, Czech Republic ATOMEX-Europe 2013 8-9 October 2013, Brno, Czech Republic VTB today VTB is a backbone Russian bank, which has built an international financial group. VTB Group possesses a unique international network

More information

AVANTGARD RECEIVABLES GETPAID Enterprise Edition

AVANTGARD RECEIVABLES GETPAID Enterprise Edition AVANTGARD RECEIVABLES GETPAID Enterprise Edition Comprehensive Order-to-Cash Management AvantGard Receivables GETPAID drives automation, workflow and collaboration across the order-to-cash cycle, with

More information

International Sales Finance Solutions

International Sales Finance Solutions International Sales Finance Solutions Global Transaction Services Cash Management Trade Services and Finance Securities Services Fund Services International Sales Finance Solutions Financing Tools to Support

More information

www.101option.eu I The World Most Leading Platform BINARY OPTION

www.101option.eu I The World Most Leading Platform BINARY OPTION BINARY OPTION www.101option.eu I The World Most Leading Platform BINARY OPTION Binary option, also known as digital option, is a predetermined option on gains and losses; it is one of the most popular

More information

Multifactor Authentication A Clear Identity = TM Success

Multifactor Authentication A Clear Identity = TM Success Multifactor Authentication A Clear Identity = TM Success April 28, 2011 PRESENTED BY: Cathy Gregg 2011 Treasury Strategies, Inc. All rights reserved. Agenda Your Identity Importance Defining Building Closing

More information

What is SEPA? Fact Sheet. Streamlining Payments in Europe

What is SEPA? Fact Sheet. Streamlining Payments in Europe Fact Sheet Streamlining Payments in Europe The Single Euro Payments Area (SEPA) is the area where citizens, companies and other economic players will be able to make and receive payments in euros (whether

More information

Electricity network services. Long-term trends in prices and costs

Electricity network services. Long-term trends in prices and costs Electricity network services Long-term trends in prices and costs Contents Executive summary 3 Background 4 Trends in network prices and service 6 Trends in underlying network costs 11 Executive summary

More information

Speech Speech by SFST at Hong Kong Investment Funds Association 9th Annual Conference (English only) Friday, October 30, 2015

Speech Speech by SFST at Hong Kong Investment Funds Association 9th Annual Conference (English only) Friday, October 30, 2015 Speech Speech by SFST at Hong Kong Investment Funds Association 9th Annual Conference (English only) Friday, October 30, 2015 Following is the speech by the Secretary for Financial Services and the Treasury,

More information

Innovative Trade Finance Solutions for SMEs

Innovative Trade Finance Solutions for SMEs Innovative Trade Finance Solutions for SMEs Murali Subramanian EVP, Transaction Banking Head 20 th April 2011 Overview of ADCB Incorporated in 1985 following a merger of 3 banks Owned 64.8% by Government

More information

Cash for Growth Working Capital in the Nordics

Cash for Growth Working Capital in the Nordics 2014 Cash for Growth Working Capital in the Nordics Contents Executive summary 3 Working capital performance across the Nordics 4 Understanding the drivers 5 A comparison with Europe 6 Performance within

More information

Industrial Sector: Chemicals and Petroleum (C&P) Point of View

Industrial Sector: Chemicals and Petroleum (C&P) Point of View IBM Institute for Business Value Industrial Sector: Chemicals and Petroleum (C&P) Point of View Discussion Topics 2010 IBM CFO Study Introduction Key Findings & Conclusions; Global vs C&P Results Becoming

More information

INFORMATION TO SHAREHOLDERS IN CONNECTION WITH THE PROPOSED SALE TO BLUESTAR ELKEM

INFORMATION TO SHAREHOLDERS IN CONNECTION WITH THE PROPOSED SALE TO BLUESTAR ELKEM REC SOLAR ASA INFORMATION TO SHAREHOLDERS IN CONNECTION WITH THE PROPOSED SALE TO BLUESTAR ELKEM Page 2 of 9 CONTENTS Letter of recommendation from the Chairman of REC Solar ASA Page 3 Explanation of the

More information

Steps to Strategic Sourcing

Steps to Strategic Sourcing 12 Steps to Strategic Sourcing 1 Analyze Spend & Gain Visibility Classify spend across multiple parameters and dimensions including supplier, category and business units Make visibility across the procurement

More information

JPMorgan Chase is a global financial services powerhouse with assets of US$1.3 trillion and operations in more than 50 countries.

JPMorgan Chase is a global financial services powerhouse with assets of US$1.3 trillion and operations in more than 50 countries. JPMorgan Chase is a global financial services powerhouse with assets of US$1.3 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers,

More information

Intellect Q2 FY 16 revenues grow 44% Y-o-Y to Rs 207 Cr

Intellect Q2 FY 16 revenues grow 44% Y-o-Y to Rs 207 Cr Intellect Q2 FY 16 revenues grow 44% Y-o-Y to Rs 207 Cr 15 digital-led wins, including 2 digital transformation engagements Chennai (India), October 21, 2015: Intellect Design Arena Ltd, a specialist in

More information