East Lancashire Chamber of Commerce International Trade Club - 20 July 2010

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "East Lancashire Chamber of Commerce International Trade Club - 20 July 2010"

Transcription

1 East Lancashire Chamber of Commerce International Trade Club - 20 July 2010 Export Finance & Introducing Chamber Invoice Finance Nigel Mills Director Strategic Markets Nigel Crosse Head of International Business

2 Agenda Working Capital Management UK & Export 1. Market place UK business & banks Export environment Trade finance rends Invoice finance for open account trade 2. Components of working capital Approval & new markets Fund with certainty Collect quickly and professionally Protection 3. Introducing Chamber invoice finance 4. Case studies 5. Questions & Debate

3 Our role: make12 become 13!! Count the people, wait until they shift, and then count them again

4 Who and what Nigel Mills Director Strategic Markets RBS Invoice Finance Nigel Crosse Head of International Business RBS Invoice Finance Banking / Trade Finance Biggest invoice finance business in the world Innovation SME s & Export USA/Europe/ India Export collect and protect EFG top ups Alliances ie. BCC Sectors Pharmacy Manpower Agriculture 5m pa + 10% Yr on Yr export

5 Market place UK SME s editorial

6 Market place UK SME s Research Olympic Glass; sealed unit manufacturer key message essential to insure your debts EVC design & print keep on top of your top debtors and have good credit control Intelligent property maintenance avoid risk, establish credit limits and stick to them Mimetic Vacuum forming have tight credit management and insure on new customers Hayley Shape design Be careful with terms of trade with POD s etc Atlas Polymers Check credit worthiness especially on exports

7 Market place not brilliant for SME s Domestic Scene 1. New Markets difficult 2. Bank Funding? Neutral/Uncertain 3. Late payments days 4. Trade Insurance Limits Prices 5. Insolvency/ Busts increasing

8 Mkt place export SME s 2009 survey SME's BCC Exporting Britain % seen growth in Export 87% members Export Europe 29% refocused to international markets 42% access to export finance diminished 57% don t use any trade finance i.e. open account 33% late payment issues overseas 55% Biggest problem with Europe

9 Mkt place Export break down - Where North America 15.8% Non-Euro Zone Euro Zone 13.1% 49.8% Middle East 3.9% Asia 11.9% South America 1.8% Africa 3.4% Source Data: International Trade Centre UK Exports by Value of Goods in 2008

10 1,600,000 1,400,000 1,200,000 70,000 60,000 50,000 40,000 35,112 34,173 34,001 23,278 18,393 17,001 9,304 8,970 52,303 64,345 30,000 USD (millions) 1,466,137 1,428,686 1,299, , , , , , , , ,596 USD (millions) 1,000, , , , , , , , ,500 89, , , , ,000 - USD (millions) 89,000 Mkt place Export Environment Mix UK is the 11th largest world exporter by value of goods and the 2nd by value of services Goods exports by Value (2008) Services exports by value (2007) 525, , , , , ,000 75,000 - Germ any China US Japan France NL Italy Belgium Russia Canada UK United States United Kingdom Germany France Spain Japan China Italy India Ireland Top 10 destinations for UK exports 20,000 10,000 - Source Data: International Trade Centre US Germany Netherlands France Ireland Belgium Spain Italy Sweden China

11 Mkt place Trade Finance trends doc credits Taiw an, 4% UAE, 5% Pakistan, 3% Thailand, 3% Saudi Arabia, 2% United States, 1% India, 7% Morocco, 1% Malaysia, 1% Other, 20% HK, 7% Other, 36% Italy, 1% Ireland, 1% France, 1% Egypt, 2% S Korea, 9% Turkey, 2% Spain, 2% UK, 10% Japan, 2% China, 14% Bangladesh, 2%

12 Mkt place Trade Finance trends Invoice Discounting (ABFA) Export Factoring ID Export Invoice discounting doubled 4yrs to 2010 Background Insurance collapsed in Growth again in Non Rec/Insured -14%

13 Mtk place Trade Finance trends ample funds available Business Sales volumes Limits shaped to minimize cost Available debtor to advance Funds drawn by businesses

14 Working Capital Management Disciplines & Tips Approve Invoice & Fund Collect Protect Clarify who Credit checks Agree limit Stick to it Constantly update Tight invoice terms Proof of delivery Confirmed lines of finance Rigorous credit control No leeway Legal action on tap Stop deliveries Trade insurer Good spread Guaranteed/ indemnity Risk = gross margin Likely to pay Waiting to pay Will not pay? Can not pay? Credit reference agency Bank o/d Credit controller Trade insurer

15 Invoice Finance Explode the Jargon Approve Fund Collect Protect Invoice Discounting } Factoring } Non recourse factoring } 31% 10% EH 36% 8%

16 Chamber Invoice Finance Late payment remedy Overdue Debt > 30 Days vs Sales Ledger Balance 650,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000,000 90,000, ,000,000 80,000, ,000,000 70,000, ,000,000 ` 200,000,000 60,000, ,000,000 50,000, ,000,000 40,000,000 50,000, ,000,000 30/05/ /05/ /05/ /04/ /04/ /03/ /03/ /02/ /02/ /01/ /01/ /12/ /12/ /11/ /11/ /11/ /10/ /10/ /09/ /09/ /08/ /08/ /07/ /07/ /06/ /06/ /05/ /05/ /05/ /04/ /04/ /03/ /03/ /02/ /02/ /01/ /01/ /12/ /12/ /11/ /11/ /10/ /10/ /09/ /09/ /08/ /08/ /07/ /07/ /06/ /06/ /06/ /05/ /04/ /04/ /03/ /03/ /02/ /02/ /01/ /01/ /12/ /12/ /11/ /11/ /10/ /09/ /09/ /08/ /08/ /07/ /07/ /07/ /06/ /06/ /05/ /05/ /04/ /04/ /03/ /03/ /02/ /01/ /01/2007 Overdue Debt > 30 Days Sales Ledger Balance

17 Chamber Invoice Finance A>F>C>P Approve Fund Collect Protect Multilingual 6 Sources of info Constant update Record limit Soon as invoiced Any currency 85% Legal letters Claims process days Insurance/ not PUG/insolvency clearance

18 Chamber Invoice Finance exports to over 50 countries

19 Chamber Invoice Finance - IT FacFlow

20 Chamber Invoice Finance Solutions & Price Approve who you trade New markets Avoid bad debts Very close to debtor 85% funding Improve payment limits Ave. 55 days + 50k cash 2m t/o One contact Credit reference Finance vs. o/d Trade insurance Daily banking IT platform Benefits Cost Free software Free credit approval Free daily banking 10% discount for BCC intros Signed agreement not on Demand 3.5% over base rate 0.5% - 1.5% of turnover 1-2k set up From 10 a day

21 1.) Case study Columbia Staver Ltd. HSBC & Euler Trade Insurance 85% Export 15% to Brazil etc. 3m t/o Computer Parts Trade Insurance withdrew cover HSBC withdrew finance BCC Cambridge RBSIF Solutions: EFG core capital Invoice Finance Faster payment 75% finance day of Invoice Approved territory fully Difficult territory max 15% 400k raised 2.75% + base 0.62% t/o service charge

22 2.) Case study Metallisation Spray + weld machines (OEM + Spares) 9m t/o export 50 countries Lloyds & Atradius only fund insured debt Insurance reduced PROBLEM! Options Self insure buyer risk? overdraft or use own cash Difficult territories on L/C s Chamber Invoice Finance solution Approval of customers on line Debtors assigned 75% funding blend Good territories + other territories up to 10% of mix Credit control service Confidential or disclosed Set as disaster cover Premium retained if claims over 50k Premium returned if claims under 50k

23 3.) Case study Team Leyland Automotive parts 3m sales 90% export {Malta to Kazakhstan } Vehicles cash up front Components export insurance Atradius since 1993 Main supplier withdrawing credit terms Sector risk Limit withdrawn 2m limits drop to 700k 20% price rise Options Reduce sales Trade on open account & take the risk But bank may not lend without insurance Chamber Invoice Finance solution Provide Bad debt protection on Export and Domestic buyers replacing Atradius?. Approval of customers online Debtors assigned ~ 80% funding ~ collection and protection good territories ~ 50% on other territories (max 10% 0f sales) Credit control using major trading languages. Improved liquidity to pay key suppliers. Obtain new sources of supply or early settlement discounts.

24

25 Working Capital for Exporters Need new thinking SME s keen to Export Funds available but SME s cautious L/C s flat & moving online Trade insurance has reduced Invoice Discounting growing fast case study Lots of support Chamber Invoice Finance Fast Response

The World of (International)Factoring

The World of (International)Factoring The World of (International)Factoring Facts & Figures Different Products The Two-Factor System The Role of IFG Erik Timmermans Secretary General IFG 1 Evolution of World Factoring Turnover 1980 : +/- 50

More information

Euler Hermes the world leader in credit insurance RISK ASSESSMENT CREDIT INSURANCE DEBT COLLECTION

Euler Hermes the world leader in credit insurance RISK ASSESSMENT CREDIT INSURANCE DEBT COLLECTION Euler Hermes the world leader in credit insurance RISK ASSESSMENT CREDIT INSURANCE DEBT COLLECTION Agenda 1 The Euler Hermes group 2 Our business 3 Our products and solutions 4 Our added value 2 The Euler

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

DSV Air & Sea, Inc. Aerospace Sector. DSV Air & Sea, Inc. Aerospace

DSV Air & Sea, Inc. Aerospace Sector. DSV Air & Sea, Inc. Aerospace DSV Air & Sea, Inc. Aerospace Sector DSV Air & Sea, Inc. Aerospace Introduction to DSV DSV is a global supplier of transport and logistics services. We have offices in more than 70 countries and an international

More information

An overview of using Hong Kong as a platform for trade and investment with China. Daniel Booth Director Vistra (Hong Kong)

An overview of using Hong Kong as a platform for trade and investment with China. Daniel Booth Director Vistra (Hong Kong) An overview of using Hong Kong as a platform for trade and investment with China Daniel Booth Director Vistra (Hong Kong) Breda May, 2012 The role of Hong Kong A recognized and respected jurisdiction for

More information

The Factoring Industry Worldwide & The Role of International Factoring

The Factoring Industry Worldwide & The Role of International Factoring The Factoring Industry Worldwide & The Role of International Factoring Erik Timmermans Secretary General IFG 1 Factoring Basics The Factoring Company provides flexible finance against the assignment of

More information

Foreign Taxes Paid and Foreign Source Income INTECH Global Income Managed Volatility Fund

Foreign Taxes Paid and Foreign Source Income INTECH Global Income Managed Volatility Fund Income INTECH Global Income Managed Volatility Fund Australia 0.0066 0.0375 Austria 0.0045 0.0014 Belgium 0.0461 0.0138 Bermuda 0.0000 0.0059 Canada 0.0919 0.0275 Cayman Islands 0.0000 0.0044 China 0.0000

More information

Factoring in Turkey. Çağatay Baydar General Manager of TEB Faktoring A.Ş. Vice Chairman of FCI

Factoring in Turkey. Çağatay Baydar General Manager of TEB Faktoring A.Ş. Vice Chairman of FCI Factoring in Turkey Çağatay Baydar General Manager of TEB Faktoring A.Ş. Vice Chairman of FCI Factoring in Turkey First factoring company established in 1990 Today; around 75 factoring companies Minimum

More information

41 T Korea, Rep. 52.3. 42 T Netherlands 51.4. 43 T Japan 51.1. 44 E Bulgaria 51.1. 45 T Argentina 50.8. 46 T Czech Republic 50.4. 47 T Greece 50.

41 T Korea, Rep. 52.3. 42 T Netherlands 51.4. 43 T Japan 51.1. 44 E Bulgaria 51.1. 45 T Argentina 50.8. 46 T Czech Republic 50.4. 47 T Greece 50. Overall Results Climate Change Performance Index 2012 Table 1 Rank Country Score** Partial Score Tendency Trend Level Policy 1* Rank Country Score** Partial Score Tendency Trend Level Policy 21 - Egypt***

More information

HAS BRAZIL REALLY TAKEN OFF? BRAZIL LONG-RUN ECONOMIC GROWTH AND CONVERGENCE

HAS BRAZIL REALLY TAKEN OFF? BRAZIL LONG-RUN ECONOMIC GROWTH AND CONVERGENCE HAS BRAZIL REALLY TAKEN OFF? BRAZIL LONG-RUN ECONOMIC GROWTH AND CONVERGENCE COUNTRY PROFILE: A COUNTRY IN TRANSFORMATION POLICY RECOMENDATIONS COUNTRY PROFILE Brazilian Equivalent Population in The World

More information

Opening Up New Markets Overseas

Opening Up New Markets Overseas Opening Up New Markets Overseas Simon Hayden, Interna>onal Trade Manager, Clydesdale and Yorkshire Bank Thought!! The UK represents less than 1% of your available market! When will the >me be right for

More information

World Consumer Income and Expenditure Patterns

World Consumer Income and Expenditure Patterns World Consumer Income and Expenditure Patterns 2014 14th edi tion Euromonitor International Ltd. 60-61 Britton Street, EC1M 5UX TableTypeID: 30010; ITtableID: 22914 Income Algeria Income Algeria Income

More information

Reporting practices for domestic and total debt securities

Reporting practices for domestic and total debt securities Last updated: 4 September 2015 Reporting practices for domestic and total debt securities While the BIS debt securities statistics are in principle harmonised with the recommendations in the Handbook on

More information

EXPORTER S SOUK EVENT FOUR SEASONS 4/23/2015 1

EXPORTER S SOUK EVENT FOUR SEASONS 4/23/2015 1 EXPORTER S SOUK EVENT FOUR SEASONS 4/23/2015 1 FACTORING Factoring is a financial transaction whereby a company sells its receivables to a Third Party (Factoring Company) at a discounted rate. Not a loan

More information

Understanding Invoice Finance

Understanding Invoice Finance Understanding Invoice Finance Introduction John Mackey Senior Business Development Manager Ronan Horgan Managing Director Content What is Invoice Finance? Industry Background Who can avail of Invoice Finance?

More information

Credit insurance supports companies profitable growth

Credit insurance supports companies profitable growth Credit insurance supports companies profitable growth An independent research study of 2,000 businesses in 10 European economies Background. During the first semester of 2006, the Credit Management Research

More information

Trends in International Education

Trends in International Education Trends in International Education 1 Presentation Objectives 1. International landscape the competitive environment for recruitment of international students 2. Key statistics 3. Key trends 4. Observations/Conclusions

More information

Second Quarter and First Half 2015 Trading Update

Second Quarter and First Half 2015 Trading Update Second Quarter and First Half 2015 Trading Update Trading Performance Year-on-Year Gross Profit Reported ( m) Constant 2015 2014 % % Q2 145.3 137.1 +6.0% +10.6% H1 281.0 263.7 +6.6% +10.8% Q2 Gross Profit

More information

Vodafone Traveller and Vodafone World

Vodafone Traveller and Vodafone World Vodafone Traveller and Vodafone World A. What Terms and Conditions Apply to my Vodafone Traveller and Vodafone World Product? (a) The terms and conditions that will apply to your Product or Products are:

More information

MAUVE GROUP GLOBAL EMPLOYMENT SOLUTIONS PORTFOLIO

MAUVE GROUP GLOBAL EMPLOYMENT SOLUTIONS PORTFOLIO MAUVE GROUP GLOBAL SOLUTIONS PORTFOLIO At Mauve Group, we offer a variety of complete employee management services such as Global Employment Solutions (GES), Professional Employment Outsourcing (PEO),

More information

Factoring as an Alternative Trade Finance Instrument in a Competitive World

Factoring as an Alternative Trade Finance Instrument in a Competitive World Factoring as an Alternative Trade Finance Instrument in a Competitive World 22 November2013 Peter Brinsley Director, POINT FORWARD LTD Peter Brinsley - credentials 21 years in factoring Now a freelance

More information

EUF STATISTICS. 31 December 2013

EUF STATISTICS. 31 December 2013 . ESTIMATES OF EU TURNOVER VOLUMES. Turnover volumes by product, allocation and notification (Estimates of EU s, Millions of ) Estimate of the EU % on Turnover Significance of the sample on total turnover

More information

Appendix 1: Full Country Rankings

Appendix 1: Full Country Rankings Appendix 1: Full Country Rankings Below please find the complete rankings of all 75 markets considered in the analysis. Rankings are broken into overall rankings and subsector rankings. Overall Renewable

More information

GLOBAL B2C E-COMMERCE DELIVERY 2015

GLOBAL B2C E-COMMERCE DELIVERY 2015 PUBLICATION DATE: OCTOBER 2015 PAGE 2 GENERAL INFORMATION I PAGE 3 KEY FINDINGS I PAGE 4-8 TABLE OF CONTENTS I PAGE 9 REPORT-SPECIFIC SAMPLE CHARTS I PAGE 10 METHODOLOGY I PAGE 11RELATED REPORTS I PAGE

More information

FACT SHEET Global Direct Selling

FACT SHEET Global Direct Selling Global 2011 Global Retail Sales: USD $153,727 million Global Sales Force The 91.5 million Direct Sellers who represent companies around the world are: 3 2 16% 9% 2% 3% 2% 3% 2% 3% Care 42% 2% 56% 3% 2

More information

INTERNATIONAL FACTORING

INTERNATIONAL FACTORING INTERNATIONAL FACTORING November 3, 2011 1 L. Gabriel Segura President and founding officer of CVCredit Inc, a Miami-based company which focuses in USA-domestic and international factoring services. Nine

More information

Data Modeling & Bureau Scoring Experian for CreditChex

Data Modeling & Bureau Scoring Experian for CreditChex Data Modeling & Bureau Scoring Experian for CreditChex Karachi Nov. 29 th 2007 Experian Decision Analytics Credit Services Help clients with data and services to make business critical decisions in credit

More information

Global payments trends: Challenges amid rebounding revenues

Global payments trends: Challenges amid rebounding revenues 34 McKinsey on Payments September 2013 Global payments trends: Challenges amid rebounding revenues Global payments revenue rebounded to $1.34 trillion in 2011, a steep increase from 2009 s $1.1 trillion.

More information

Factoring is emerging as a short-term financial solution for business The role of FCI

Factoring is emerging as a short-term financial solution for business The role of FCI Factoring is emerging as a short-term financial solution for business The role of FCI Daniela Bonzanini Chairman of Factor Chain International Torino, 10 June 2015 1 Factoring Spreading its Wings! GLOBAL

More information

Sulfuric Acid 2013 World Market Outlook and Forecast up to 2017

Sulfuric Acid 2013 World Market Outlook and Forecast up to 2017 Brochure More information from http://www.researchandmarkets.com/reports/2547547/ Sulfuric Acid 2013 World Market Outlook and Forecast up to 2017 Description: Sulfuric Acid 2013 World Market Outlook and

More information

Overview of Global Trade Receivable Management and Insurance Solutions

Overview of Global Trade Receivable Management and Insurance Solutions Kentucky Treasury Management Association February 2013 Presenter: Nick Fow Euler Hermes Overview of Global Trade Receivable Management and Insurance Solutions Agenda 1. Corporate Credit Management and

More information

Chart 1: Zambia's Major Trading Partners (Exports + Imports) Q4 2008 - Q4 2009. Switzernd RSA Congo DR China UAE Kuwait UK Zimbabwe India Egypt Other

Chart 1: Zambia's Major Trading Partners (Exports + Imports) Q4 2008 - Q4 2009. Switzernd RSA Congo DR China UAE Kuwait UK Zimbabwe India Egypt Other Bank of Zambia us $ Million 1. INTRODUCTION This report shows Zambia s direction of merchandise trade for the fourth quarter of 2009 compared with the corresponding quarter in 2008. Revised 1 statistics,

More information

2012 Country RepTrak Topline Report

2012 Country RepTrak Topline Report 2012 Country RepTrak Topline Report The World s View on Countries: An Online Study of the Reputation of 50 Countries RepTrak is a registered trademark of Reputation Institute. Global Reputation Knowledge

More information

October 16 th & 17 th 2012

October 16 th & 17 th 2012 Enterprise Ireland Finance for Growth FX & Export Finance Workshop October 16 th & 17 th 2012 Michéal Doyle Area Head of Commercial Centres - AIB Commercial Banking A Relationship Model Aim to provide

More information

Carnegie Mellon University Office of International Education Admissions Statistics for Summer and Fall 2013

Carnegie Mellon University Office of International Education Admissions Statistics for Summer and Fall 2013 Carnegie Mellon University Admissions Statistics for and Fall 2013 New International Students and Fall 2012 Undergraduate 270 14.3% Master's 1301 68.7% Doctorate 192 10.1% Exchange 99 5.2% 31 1.6% Total

More information

Metopro Associates Limited

Metopro Associates Limited Metopro Associates Limited Management & Accounting Professional Useful Information for Starting the business in Hong Kong Date : 1 st January 2009 Presented by: Metopro Associates Limited Unit A10, 6/F,

More information

Open Doors 2011 Report on International Educational Exchange

Open Doors 2011 Report on International Educational Exchange Open Doors 2011 Report on International Educational Exchange Produced by the Institute of International Education with support from the Bureau of Educational and Cultural Affairs of the U.S. Department

More information

International Call Services

International Call Services International Call Services Affordable rates for business calls. Wherever you are in the world. We ve got plenty to say when it comes to staying in touch when you re overseas. We have agreements with 443

More information

Brochure More information from http://www.researchandmarkets.com/reports/1339929/

Brochure More information from http://www.researchandmarkets.com/reports/1339929/ Brochure More information from http://www.researchandmarkets.com/reports/1339929/ The 2011 World Forecasts of Machine Tools That Remove Material by Laser or Light, Photon, Ultrasonic, Electro-Discharge,

More information

Market analysis on Factoring in EU 25+2

Market analysis on Factoring in EU 25+2 EIF Project "Jeremie" General Report on Factoring 1 Market analysis on Factoring in EU 25+2 prepared by International Factors Group (IFG) for European Investment Fund (EIF) project JEREMIE Preliminary

More information

Alternatives for Working Capital Financing

Alternatives for Working Capital Financing Alternatives for Working Capital Financing Advisory Day AG is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervisory Authority) and authorised and subject to limited

More information

Open Doors 2013. Report on International Educational Exchange. Produced by the Institute of International Education. In partnership with the

Open Doors 2013. Report on International Educational Exchange. Produced by the Institute of International Education. In partnership with the Open Doors 2013 Report on International Educational Exchange Produced by the Institute of International Education In partnership with the Bureau of Educational and Cultural Affairs U.S. Department of State

More information

STATE OF GLOBAL E-COMMERCE REPORT (Preview) February 2013

STATE OF GLOBAL E-COMMERCE REPORT (Preview) February 2013 STATE OF GLOBAL E-COMMERCE REPORT (Preview) February 2013 THE E-COMMERCE REPORT WHAT IS THE E-COMMERCE REPORT? It is an annual investigation into the global uptake and impact of e- commerce. The report

More information

What is International Factoring?

What is International Factoring? What is International Factoring? Factoring is when a third-party firm, or factor, buys a business accounts receivable or specific invoices - giving the business a cash advance based on those unpaid bills.

More information

Comparative tables. CPSS Red Book statistical update 427

Comparative tables. CPSS Red Book statistical update 427 CPSS Red Book statistical update 427 January 2013 Table 1 Basic statistical data GDP (USD billions) 1 Population (millions, yearly average) Australia 952 1,050 999 1,246 1,500 21.1 21.4 21.8 22.1 22.4

More information

Understanding Invoice Finance

Understanding Invoice Finance Understanding Invoice Finance Agenda Introduction ABFA Jargon Busting What is Invoice Finance Factoring Invoice Discounting Invoice Finance Products Who uses Invoice Finance? Main terms Advantages & Disadvantages

More information

Global AML Resource Map Over 2000 AML professionals

Global AML Resource Map Over 2000 AML professionals www.pwc.co.uk Global AML Resource Map Over 2000 AML professionals January 2016 Global AML Resources: Europe France Italy Jersey / Guernsey 8 Ireland 1 Portugal 7 Luxembourg 5 United Kingdom 1 50 11 Spain

More information

Digital vs Traditional Media Consumption

Digital vs Traditional Media Consumption Digital vs Traditional Media Consumption Summary Comparing time spent on traditional and digital media at a global level as well as analyzing behaviors between countries and across the age groups GWI Q3

More information

Agenda. Company Platform Customers Partners Competitive Analysis

Agenda. Company Platform Customers Partners Competitive Analysis KidoZen Overview Agenda Company Platform Customers Partners Competitive Analysis Our Vision Power the backend of the post- web enterprise Key Challenges of the Mobile Enterprise Enterprise systems integration

More information

How many students study abroad and where do they go?

How many students study abroad and where do they go? From: Education at a Glance 2012 Highlights Access the complete publication at: http://dx.doi.org/10.1787/eag_highlights-2012-en How many students study abroad and where do they go? Please cite this chapter

More information

JMA Consultants Inc. Corporate Introduction

JMA Consultants Inc. Corporate Introduction JMA Consultants Inc. Corporate Introduction Self Introduction Publications Cost half promoting manual (Collective writing), JMAM,1995. Introduction to MOT Management (Collective writing ), PHP, 2004 The

More information

The big pay turnaround: Eurozone recovering, emerging markets falter in 2015

The big pay turnaround: Eurozone recovering, emerging markets falter in 2015 The big pay turnaround: Eurozone recovering, emerging markets falter in 2015 Global salary rises up compared to last year But workers in key emerging markets will experience real wage cuts Increase in

More information

Introducing Clinical Trials Insurance Services Ltd

Introducing Clinical Trials Insurance Services Ltd Introducing Clinical Trials Insurance Services Ltd Important Staff Richard Kelly Managing Director Richard joined CTIS in 2006 having previously managed the Pharmaceutical wholesale division at Heath Lambert

More information

Triple-play subscriptions to rocket to 400 mil.

Triple-play subscriptions to rocket to 400 mil. Triple-play criptions to rocket to 400 mil. Global triple-play criptions will reach 400 million by 2017; up by nearly 300 million on the end-2011 total and up by 380 million on the 2007 total, according

More information

International Trade Financing and Risk Management Manual

International Trade Financing and Risk Management Manual International Trade Financing and Risk Management Manual Website: www.aepcindia.in For query please contact: Ms. Vanni Mehta, ecocell@aepcindia.com Incorporated in1978, (AEPC) is the official body of apparel

More information

FOR IMMEDIATE RELEASE CANADA HAS THE BEST REPUTATION IN THE WORLD ACCORDING TO REPUTATION INSTITUTE

FOR IMMEDIATE RELEASE CANADA HAS THE BEST REPUTATION IN THE WORLD ACCORDING TO REPUTATION INSTITUTE FOR IMMEDIATE RELEASE CANADA HAS THE BEST REPUTATION IN THE WORLD ACCORDING TO REPUTATION INSTITUTE Study reveals interesting developments in countries reputations amidst the Euro crisis, the rise of Asia

More information

THE CONCEPTUAL FRAMEWORK OF FACTORING ON SMALL AND MEDIUM ENTERPRISES

THE CONCEPTUAL FRAMEWORK OF FACTORING ON SMALL AND MEDIUM ENTERPRISES THE CONCEPTUAL FRAMEWORK OF FACTORING ON SMALL AND MEDIUM ENTERPRISES Minaxi Rani Assistant Professor (Extn.), Department of Commerce, Govt. College for women P.G. College, Hisar, Haryana, (India) ABSTRACT

More information

The VAT & Invoicing Requirements Update March 2012

The VAT & Invoicing Requirements Update March 2012 The VAT & Invoicing Requirements Update March 2012 Indirect taxes are a massive potential expense. For buyers and sellers of goods and services, how invoices are prepared and processed can affect a company's

More information

Report on Government Information Requests

Report on Government Information Requests Report on Government Information July 1 - December 31, 2014 apple Apple takes our commitment to protecting your data very seriously and we work incredibly hard to deliver the most secure hardware, software

More information

Global Investing 2013 Morningstar. All Rights Reserved. 3/1/2013

Global Investing 2013 Morningstar. All Rights Reserved. 3/1/2013 Global Investing 2013 Morningstar. All Rights Reserved. 3/1/2013 World Stock Market Capitalization Year-end 2012 18.5% 9.6% United States International: Other Europe United Kingdom Japan Other Pacific

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

Renewable Energy Financing point view

Renewable Energy Financing point view Renewable Energy Financing point view 16 May 2013 Prepared by: Samar Obaid Partner TAS Presentation Agenda 1. Energy Leaders 2. MENA Cleantech Trends 3. How to Establish an RE Project 4. Investment Risks

More information

Carnegie Mellon University Office of International Education Admissions Statistics for Summer and Fall 2015

Carnegie Mellon University Office of International Education Admissions Statistics for Summer and Fall 2015 Carnegie Mellon University Admissions Statistics for and Fall 2015 New International Students and Fall 2015 Undergraduate 344 15.2% Master's 1599 70.6% Doctorate 167 7.4% Exchange 73 3.2% 81 3.6% Total

More information

International Higher Education in Facts and Figures. Autumn 2013

International Higher Education in Facts and Figures. Autumn 2013 International Higher Education in Facts and Figures Autumn 2013 UK Higher Education International Unit International higher education in facts and figures covers the majority of the UK higher education

More information

The rise of the cross-border transaction. Grant Thornton International Business Report 2013

The rise of the cross-border transaction. Grant Thornton International Business Report 2013 The rise of the cross-border transaction Grant Thornton International Business Report 2013 Foreword MIKE HUGHES GLOBAL SERVICE LINE LEADER MERGERS & ACQUISITIONS GRANT THORNTON INTERNATIONAL LTD When reflecting

More information

Global Effective Tax Rates

Global Effective Tax Rates www.pwc.com/us/nes Global s Global s April 14, 2011 This document has been prepared pursuant to an engagement between PwC and its Client. As to all other parties, it is for general information purposes

More information

2015 Country RepTrak The World s Most Reputable Countries

2015 Country RepTrak The World s Most Reputable Countries 2015 Country RepTrak The World s Most Reputable Countries July 2015 The World s View on Countries: An Online Study of the Reputation of 55 Countries RepTrak is a registered trademark of Reputation Institute.

More information

Foreign Trade Vademecum. 2012 Edition. osec.ch

Foreign Trade Vademecum. 2012 Edition. osec.ch Foreign Trade Vademecum. 2012 Edition. osec.ch Table of contents. Swiss economic key figures 3 Global view 4 Worldwide export development by region 4 Worldwide largest exporters 4 Worldwide import development

More information

U.S. Trade Overview, 2013

U.S. Trade Overview, 2013 U.S. Trade Overview, 213 Stephanie Han & Natalie Soroka Trade and Economic Analysis Industry and Analysis Department of Commerce International Trade Administration October 214 Trade: A Vital Part of the

More information

BT Premium Event Call and Web Rate Card

BT Premium Event Call and Web Rate Card BT Managed Event and BT Self-Managed Event (also referred to as Express, Plus and Premium) Conference Bridge and Call for Booked Audio Conferencing Services will comprise the following for each phone-conference:

More information

Send Money Africa sendmoneyafrica.worldbank.org

Send Money Africa sendmoneyafrica.worldbank.org Send Money Africa sendmoneyafrica.worldbank.org The World Bank I ll January 2013 SMA is funded by AIR Project This report 1 identifies and analyzes trends in the cost of sending money to Africa. The Send

More information

Trade Credit Insurance in Major Global Markets

Trade Credit Insurance in Major Global Markets Trade Credit Insurance in Major Global Markets Series prospectus for an overview plus ten country-specific reports AUSTRALIA, BRAZIL, CANADA, CHINA, INDIA, JAPAN, MIDDLE EAST, RUSSIA, SOUTH AFRICA, USA

More information

GLOBAL TRENDS IN HIGHER EDUCATION. David Stockley

GLOBAL TRENDS IN HIGHER EDUCATION. David Stockley GLOBAL TRENDS IN HIGHER EDUCATION David Stockley Beijing May 2011 KEY TRENDS 1. Changing gglobal demographics 2. Increasing global student mobility 3. Higher education as a global market 4. Declining public

More information

Verdict Financial: Wealth Management. Data Collection and Forecasting Methodologies

Verdict Financial: Wealth Management. Data Collection and Forecasting Methodologies Verdict Financial: Wealth Management Data Collection and Forecasting Methodologies April 2014 Contents Global Wealth Markets Methodology Methodology Methodology 2 Global Wealth Markets Section 1: Global

More information

Dividends Tax: Summary of withholding tax rates per South African Double Taxation Agreements currently in force Version: 2 Updated: 2012-05-22

Dividends Tax: Summary of withholding tax rates per South African Double Taxation Agreements currently in force Version: 2 Updated: 2012-05-22 Dividends Tax: Summary of withholding tax rates per South African Double Taxation Agreements currently in force Version: 2 Updated: 2012-05-22 Note: A summary of the rates and the relevant provisions relating

More information

Global Marine Insurance Report. Astrid Seltmann Fact and Figures Committee: Analyst/Actuary, Cefor - The Nordic Association of Marine Insurers, Oslo

Global Marine Insurance Report. Astrid Seltmann Fact and Figures Committee: Analyst/Actuary, Cefor - The Nordic Association of Marine Insurers, Oslo Global Marine Insurance Report Astrid Seltmann Fact and Figures Committee: Analyst/Actuary, Cefor - The Nordic Association of Marine Insurers, Oslo Warming up Find a suitable Shakespeare quote! IUMI and

More information

Energy Briefing: Global Crude Oil Demand & Supply

Energy Briefing: Global Crude Oil Demand & Supply Energy Briefing: Global Crude Oil Demand & Supply November 6, 215 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Please visit our sites at www. blog. thinking outside the

More information

Discounting, Factoring & Forfeiting

Discounting, Factoring & Forfeiting Discounting, Factoring & Forfeiting Introduction Bill Discounting Factoring- Meaning & Definition Modus Operandi Terms of Agreement Functions Types of Factoring Factoring Vs Discounting Cost of Factoring

More information

Turkish Arab Economic Forum June 29, 2012. Mehmet Şimşek. Minister of Finance

Turkish Arab Economic Forum June 29, 2012. Mehmet Şimşek. Minister of Finance Turkish Arab Economic Forum June 29, 2012 Mehmet Şimşek Minister of Finance 1 Outline Turkey: Short Term Outlook Managing a Soft Landing Fallout from the Euro Crisis Turkey & MENA REBALANCING Growing ON

More information

List of tables. I. World Trade Developments

List of tables. I. World Trade Developments List of tables I. World Trade Developments 1. Overview Table I.1 Growth in the volume of world merchandise exports and production, 2010-2014 39 Table I.2 Growth in the volume of world merchandise trade

More information

The World of Factoring

The World of Factoring The World of Factoring Key Figures & Trends Challenges & Opportunities Important initiatives Erik Timmermans, rep. Secretary General IFG Warsaw 19 Sep 2013 Commercial Finance Today Asset Based Lending

More information

IOOF QuantPlus. International Equities Portfolio NZD. Quarterly update

IOOF QuantPlus. International Equities Portfolio NZD. Quarterly update IOOF QuantPlus NZD Quarterly update For the period ended 31 March 2016 Contents Overview 2 Portfolio at glance 3 Performance 4 Asset allocation 6 Overview At IOOF, we have been helping Australians secure

More information

STATISTICS FOR THE FURNITURE INDUSTRY AND TRADE

STATISTICS FOR THE FURNITURE INDUSTRY AND TRADE STATISTICS FOR THE FURNITURE INDUSTRY AND TRADE Möbel Zahlen Daten STATISTICS FOR THE FURNITURE INDUSTRY AND TRADE 01/36 Economical growth in the regions of the world-economy Changes of the gross domestic

More information

GfK PURCHASING POWER INTERNATIONAL

GfK PURCHASING POWER INTERNATIONAL GfK PURCHASING POWER INTERNATIONAL 1 Agenda 1. Europe 3 2. Americas 45 3. Asia & Near East 54 4. Afrika 66 5. Australia 68 6. Overview of countries and available levels 70 2 2 EUROPE 4 GfK

More information

Offshore outsourcing of business services Threat or Opportunity

Offshore outsourcing of business services Threat or Opportunity Siemens Business Services Offshore outsourcing of business services Threat or Opportunity Presentation by Elie Cohen Chief Executive Officer Siemens Business Services France Agenda for the next 20 minutes

More information

Global Education Office University of New Mexico MSC06 3850, Mesa Vista Hall, Rm. 2120 Tel. 505 277 4032, Fax 505 277 1867, geo@unm.

Global Education Office University of New Mexico MSC06 3850, Mesa Vista Hall, Rm. 2120 Tel. 505 277 4032, Fax 505 277 1867, geo@unm. Global Education Office University of New Mexico MSC06 3850, Mesa Vista Hall, Rm. 220 Tel. 505 277 4032, Fax 505 277 867, geo@unm.edu Report on International Students, Scholars and Study Abroad Programs

More information

Carnegie Mellon University Office of International Education Admissions Statistics for Summer and Fall 2010

Carnegie Mellon University Office of International Education Admissions Statistics for Summer and Fall 2010 Carnegie Mellon University Admissions Statistics for and Fall 2010 New International Students and Fall 2010 Undergraduate 208 16.1% Master's 799 61.7% Doctorate 177 13.7% Exchange 80 6.2% 31 2.4% Total

More information

HONG KONG RIGHT PLACE RIGHT TIME RIGHT NOW

HONG KONG RIGHT PLACE RIGHT TIME RIGHT NOW HONG KONG RIGHT PLACE RIGHT TIME RIGHT NOW European Investment in China via Hong Kong Charles Ng Associate Director-General of Investment Promotion 22 May 2012 Agenda Changing Trends in the type of companies

More information

Factoring, reverse factoring and other tools for access to finance. Ivor Istuk. Friday, 22 November 2013

Factoring, reverse factoring and other tools for access to finance. Ivor Istuk. Friday, 22 November 2013 Factoring, reverse factoring and other tools for access to finance Ivor Istuk Friday, 22 November 2013 OUTLINE Outline of presentation 1. Problem of late payments 2. Factoring good mitigation tool Defining

More information

GLOBAL INBOUND / OUTBOUND CALL SERVICE FOR PIA CALL CENTER

GLOBAL INBOUND / OUTBOUND CALL SERVICE FOR PIA CALL CENTER GLOBAL INBOUND / OUTBOUND CALL SERVICE FOR PIA CALL CENTER Pakistan International Airlines requires round the clock Global Inbound and Outbound call service for its Call Center located in Karachi, Pakistan.

More information

Governance, Risk and Compliance Assessment

Governance, Risk and Compliance Assessment Governance, Risk and Compliance Assessment Information security is a pervasive business requirement and one that no organisation can afford to get wrong. If it s not handled properly, your business could

More information

Microsoft Voucher Ordering Processes

Microsoft Voucher Ordering Processes Microsoft Voucher Ordering Processes *For purposes of this document, the term Member applies to all Microsoft Members, Academic, ITA and Learning partners. Pearson VUE Voucher Store The Pearson VUE Voucher

More information

The investment fund statistics

The investment fund statistics The investment fund statistics Narodowy Bank Polski (NBP) publishes data reported by investment funds which have been defined in Art. 3 section 1 of the Act of 27 May 2004 on investment funds (Journal

More information

Global Funding Marketplace for Invoice Discounters

Global Funding Marketplace for Invoice Discounters Global Funding Marketplace for Invoice Discounters Simple Online Global Highly Liquid Open-Access Marketplace for Invoice Portfolio Divestments partner.aztecexchange.com Welcome to the world of Aztec With

More information

Credit & Debit Card Payments. Factsheet

Credit & Debit Card Payments. Factsheet Credit & Debit Card Payments Factsheet Contents 1. Card Types... 2 2. Supported countries... 2 3. First Funding via Credit / Debit Card... 3 4. Transaction Currencies... 4 5. Currency Conversion... 4 6.

More information

CMMI for SCAMPI SM Class A Appraisal Results 2011 End-Year Update

CMMI for SCAMPI SM Class A Appraisal Results 2011 End-Year Update CMMI for SCAMPI SM Class A 2011 End-Year Update Software Engineering Institute Carnegie Mellon University Pittsburgh, PA 15213 1 Outline Introduction Current Status Community Trends Organizational Trends

More information

A BETTER RETIREMENT PORTFOLIO FOR MEMBERS IN DC INVESTMENT DEFAULTS

A BETTER RETIREMENT PORTFOLIO FOR MEMBERS IN DC INVESTMENT DEFAULTS A BETTER RETIREMENT PORTFOLIO FOR MEMBERS IN DC INVESTMENT DEFAULTS JUNE 2014 TALENT HEALTH RETIREMENT INVESTMENTS EXECUTIVE SUMMARY The majority of defined contribution (DC) plan members typically end

More information

Rosy Blue International SA

Rosy Blue International SA For more information, please contact: Mark Stout +32 2 417 41 98 Enzo Soi + 32 2 417 35 51 Securitisation, KBC Bank This Information Memorandum is dated 30 November 2010 Rosy Blue International SA USD

More information

OVERCOMING BARRIERS TO GOING GLOBAL

OVERCOMING BARRIERS TO GOING GLOBAL EXPORTING IS GOOD FOR BRITAIN OVERCOMING BARRIERS TO GOING GLOBAL Despite the barriers to business growth present here in the UK, domestic business is deemed far simpler than international business. Competition

More information

Report on Government Information Requests

Report on Government Information Requests Report on Government Information July 1 - December 31, 2015 Apple takes our commitment to protecting your data very seriously and we work incredibly hard to deliver the most secure hardware, software and

More information