FINANCING THE FUTURE. New government help for exporters. Tahir Ahmed. emita presentation Loughborough 17 May 2011

Size: px
Start display at page:

Download "FINANCING THE FUTURE. New government help for exporters. Tahir Ahmed. emita presentation Loughborough 17 May 2011"

Transcription

1 FINANCING THE FUTURE New government help for exporters Tahir Ahmed emita presentation Loughborough 17 May

2 New government help for exporters Chancellor announced in Budget - more support for exporters - including SMEs New products from ECGD how do they help? 2

3 ECGD the UK export credit agency We provide services such as: insuring UK exporters against non-payment by their overseas buyers helping overseas buyers to purchase goods and/or services from UK exporters by guaranteeing bank loans to finance those purchases insuring UK investors in overseas markets against political risks 3

4 More about ECGD Short term business privatised 1991 Since then, capital/semi-capital exports where the private market could not provide support Fewer mainly large exporters - lost contact with SMEs New products need to get reacquainted 4

5 New products Extension of short-term credit insurance available now Bond support scheme available now Export working capital scheme available now Foreign exchange credit support scheme still under development with banks 5

6 Short term credit insurance Extended from semi-capital and capital goods Now includes finished manufactures and intermediate goods Not usually clothes or food But can consider if exporter can t get private support Contract value as low as 20,000 6

7 Short term credit insurance (cont.) Export from UK Buyer must meet ECGD s minimum risk standard You will be charged premium 7

8 To note ECGD is not re-entering the whole-turnover market only single transaction policies Exports to emerging markets EU law prevents us supporting short term business to rich markets 8

9 Bond support scheme Sharing risk with banks helps exporters to raise bonds from their banks in the first place Providing additional capacity to the banking market - bank can say yes more often Could help free up working capital - Advance Payment Guarantees 9

10 Export working capital scheme Helps exporters access working capital finance Pre- and post-shipment Specific export contracts Expect banks will apply to high-growth SME exporters Helping with their cash flow supporting exporters to win or perform specific export contracts 10

11 Export Enterprise Finance Guarantee ECGD products - complementary to ExEFG scheme for contract value above about 1million ExEFG - up to 1 million for SMEs short term working capital loans, letters of credit and contract bond needs 11

12 Export Enterprise Finance Guarantee Modelled on the existing Enterprise Finance Guarantee Encourages banks to provide debt finance in support of export transactions Government partially guarantees qualifying facilities For viable businesses that lack collateral Available for UK based SMEs (up to 25m sales) Premium payable by borrower 12

13 Export Enterprise Finance Guarantee Can be used for Loans Bonds and guarantees Export invoice finance Up to 2 years Facilities 25k - 1m Available via High Street banks 13

14 Foreign exchange credit support scheme ECGD will share risk with banks on their credit exposure arising from the foreign exchange hedging contracts provided to exporters Ancillary product - take out alongside another ECGD product 14

15 ECGD s other products Buyer Credit Supplier Credit Financing Sovereign Star Bond Insurance Policy Letter of Credit Guarantee Scheme 15

16 So how can ECGD help me succeed? Working Capital Bond Support Unfair Calling Of Bond Foreign Exchange Credit Support Insurance Against Non-Payment By The Buyer Loan To Buyer To Purchase From UK Letter of Credit Confirmation Insurance For Investments Made Overseas 16

17 New products - how to apply Export insurance policy - directly from ECGD Other products - available from banks 17

18 Contact us Customer Helpline Give us your business cards! 18

19 Questions? 19

Finnvera s export financing

Finnvera s export financing Finnvera s export financing Diverse export financing services for export companies and financiers The official Finnish Export Credit Agency Finnvera promotes exports by providing companies and banks with

More information

Support for West Midlands Exporters

Support for West Midlands Exporters Support for West Midlands Exporters Ian Fletcher International Trade Director Transaction Services UK 20 November 2014 What is an exporter concerned about? How to break into a new overseas market How to

More information

A Simple Approach to Business Loans and Cash Management

A Simple Approach to Business Loans and Cash Management A Simple Approach to Business Loans and Cash Management Christine Ho Vice President SME Banking 11 February 2009 Operating Cycle Liquidity Liquidity Management Management Working Capital Working Capital

More information

CREDIT GUARANTEE SCHEME

CREDIT GUARANTEE SCHEME CREDIT GUARANTEE SCHEME Customer Frequently Asked Questions 1. What is the purpose of the Scheme? The purpose of the Scheme is to encourage additional lending to micro, small and mediumsized enterprises

More information

SMALL BUSINESS AND THE. Administration- Office of International Trade

SMALL BUSINESS AND THE. Administration- Office of International Trade SMALL BUSINESS AND THE INTERNATIONAL MARKETPLACE A Report by the U.S. Small Business Administration- Office of International Trade Small Business Exports are Exploding! In 2008, SBA reported 3,305 loans

More information

Better Business Finance

Better Business Finance Better Business Finance Alternative sources of finance There are a wide range of financial products now available to help businesses access the investment needed to grow and thrive. This factsheet explains

More information

SMALL BUSINESS AND THE INTERNATIONAL MARKETPLACE. A Report by the U.S. Small Business Administration- Office of International Trade

SMALL BUSINESS AND THE INTERNATIONAL MARKETPLACE. A Report by the U.S. Small Business Administration- Office of International Trade SMALL BUSINESS AND THE INTERNATIONAL MARKETPLACE A Report by the U.S. Small Business Administration- Office of International Trade Small Business Exports are Exploding! Since fye 2005 thru 2010, SBA reported

More information

1. Trade Financing Instruments

1. Trade Financing Instruments CHAPTER 8 AN INTRODUCTION TO TRADE FINANCE The absence of an adequate trade finance infrastructure is, in effect, equivalent to a barrier to trade. Limited access to financing, high costs, and lack of

More information

Small and Medium Enterprises

Small and Medium Enterprises Small and Medium Enterprises YOUR LOANS Small and Medium Enterprises Financing Products for Your Business A consumer education programme by: contents 1 Introduction 2 The right product for the right purpose

More information

Arranging insurance backed trade finance structures

Arranging insurance backed trade finance structures Arranging insurance backed trade finance structures London Countertrade Roundtable Ian Henderson 21 March 2012 Current environment Economic environment Bank liquidity: Fewer global players active in trade

More information

SME Information Series. Exportrelated. finance

SME Information Series. Exportrelated. finance SME Information Series Exportrelated finance SMEs spend a large amount of their time managing their cashflow and when it comes to exporting, there are a whole new range of financial considerations. We

More information

foreign risk and its relevant to acca qualification paper F9

foreign risk and its relevant to acca qualification paper F9 01 technical foreign risk and its relevant to acca qualification paper F9 Increasingly, many businesses have dealings in foreign currencies and, unless exchange rates are fixed with respect to one another,

More information

FINANCING EXPORTS. Sandro Murtas Small Business Administration Office of International Trade Regional Manager sandro.murtas@sba.gov Tel: 504-756-5353

FINANCING EXPORTS. Sandro Murtas Small Business Administration Office of International Trade Regional Manager sandro.murtas@sba.gov Tel: 504-756-5353 FINANCING EXPORTS Sandro Murtas Small Business Administration Office of International Trade Regional Manager sandro.murtas@sba.gov Tel: 504-756-5353 Separating Myths from Facts Myth Small Businesses Don

More information

TAKE YOUR BUSINESS FURTHER.

TAKE YOUR BUSINESS FURTHER. TAKE YOUR BUSINESS FURTHER. 02 Take your business further UK Export Finance WE ARE THE UK s EXPORT CREDIT AGENCY We provide trade finance and insurance solutions to support UK exporters. If you are planning

More information

Measures to support access to finance for SMEs. Funding for Lending... 2. The National Loan Guarantee Scheme (NLGS)... 2

Measures to support access to finance for SMEs. Funding for Lending... 2. The National Loan Guarantee Scheme (NLGS)... 2 Measures to support access to finance for SMEs Contents Funding for Lending... 2 The National Loan Guarantee Scheme (NLGS)... 2 Enterprise Finance Guarantee (EFG)... 3 Business Finance Partnership (BFP)...

More information

3. In this paper, the staff recommend that the exposure draft:

3. In this paper, the staff recommend that the exposure draft: IASB Meeting January 2010 IASB agenda reference 14 Project Topic Financial Statement Presentation Net debt information Purpose of the meeting 1. At the September 2009 meeting, the IASB tentatively agreed

More information

Customer financing in Brazil Guide for a Finnish SME exporter

Customer financing in Brazil Guide for a Finnish SME exporter Customer financing in Brazil Guide for a Finnish SME exporter Contents Financial markets 2 Know your customer 3 Prepayments received from the buyer 4 Granting payment terms with invoice 5 Bills of exchange

More information

Sources of Short-Term Financing C H A P T E R E I G H T

Sources of Short-Term Financing C H A P T E R E I G H T Sources of -Term Financing C H A P T E R E I G H T Figure 8-1 Structure of corporate debt, 1998 PPT 8-1 35% 30% 25% 20% 15% 10% 5% 0% Accounts payable Bank loans Other short term loans term paper Bonds

More information

Export Import Bank Financing Programs

Export Import Bank Financing Programs Export Import Bank Financing Programs The Export Import Bank of the United States (Ex Im Bank) is the official export credit agency of the United States. Ex Im Bank assists in financing the export of U.S.

More information

Solutions Guide for Financial Institutions

Solutions Guide for Financial Institutions SOLUTIONS GUIDE Solutions Guide for Financial Institutions Say yes to your customers more often If you want to enhance the lending value of your customer s assets or use our guarantees as security, consider

More information

SALTUS, LLC. Serving the Global Financial Marketplace

SALTUS, LLC. Serving the Global Financial Marketplace Serving the Global Financial Marketplace Exporting U.S. Goods and Services Financing/Funding Modalities International Financing Programs U.S. Government Export Import Bank of the United States (EXIM) Working

More information

Contents. Why is export finance needed? What types of export finance are available? Which currencies can be borrowed? How are risks managed?

Contents. Why is export finance needed? What types of export finance are available? Which currencies can be borrowed? How are risks managed? Contents Why is export finance needed? What types of export finance are available? Which currencies can be borrowed? How are risks managed? What terms of interest apply? Is state-supported financing a

More information

-SQA- SCOTTISH QUALIFICATIONS AUTHORITY HIGHER NATIONAL UNIT SPECIFICATION GENERAL INFORMATION -----------------------------------------

-SQA- SCOTTISH QUALIFICATIONS AUTHORITY HIGHER NATIONAL UNIT SPECIFICATION GENERAL INFORMATION ----------------------------------------- -SQA- SCOTTISH QUALIFICATIONS AUTHORITY HIGHER NATIONAL UNIT SPECIFICATION GENERAL INFORMATION -Unit Number- 6520606 -Superclass- -Title- AL INTERNATIONAL FINANCING -----------------------------------------

More information

1. Whatis Export Credit Insurance? 2. Structured Trade Credit Solutions for the Value Chain. 4. Benefits to Exporters

1. Whatis Export Credit Insurance? 2. Structured Trade Credit Solutions for the Value Chain. 4. Benefits to Exporters Export credit risk solutions Re-defining the way exporters trade successfully 1. Whatis Export Credit Insurance? 2. Structured Trade Credit Solutions for the Value Chain 3. Products & Services available

More information

Michael James VP Commercial Banking, RBC. Patrick Murphy Senior Account Manager, EDC. Julia Lee Account Manager, BDC

Michael James VP Commercial Banking, RBC. Patrick Murphy Senior Account Manager, EDC. Julia Lee Account Manager, BDC Michael James VP Commercial Banking, RBC Patrick Murphy Senior Account Manager, EDC Julia Lee Account Manager, BDC Contract signing 9 months Delivery 60 days Final payment Risk of non-payment (70%) Security

More information

FUNDING SNAPSHOT 2013

FUNDING SNAPSHOT 2013 FUNDING SNAPSHOT 2013 Case Study How do I raise more finance for my business? Until recently the big banks were the first stop for businesses wanting to borrow money, but the marketplace is changing. Alternative

More information

TURNAROUND OF SMALL AND MEDIUM SIZED ENTERPRISES

TURNAROUND OF SMALL AND MEDIUM SIZED ENTERPRISES TURNAROUND OF SMALL AND MEDIUM SIZED ENTERPRISES Definition of a Small and Medium Sized Enterprise (SME) Turnover Not more than Balance Sheet Not more than Employees Not more than Small 6.5 million 3.26

More information

Support to business during a recession. Scheme outlines

Support to business during a recession. Scheme outlines Support to business during a recession Scheme outlines MARCH 2010 Contents Working Capital Scheme 1 Trade Credit Insurance Scheme 3 Enterprise Finance Guarantee Scheme 6 Capital for Enterprise Fund 9 Automotive

More information

SITPRO. International Trade Guides. Management. Managing the Risks of International Trade

SITPRO. International Trade Guides. Management. Managing the Risks of International Trade SITPRO International Trade Guides Management Managing the Risks of International Trade Managing the Risks of International Trade This guide provides information that will help you to put procedures in

More information

Exploring Exports: Financing Your Export Sales

Exploring Exports: Financing Your Export Sales Exploring Exports: Financing Your Export Sales Presented by: Scott K. Hibbard, Vice President International Trade Finance February 9, 2012 Agenda Overview: Global Trade Trends Trade Cycle, Trade Risks,

More information

UK Export Finance Main Features of the Export Refinancing Facility:

UK Export Finance Main Features of the Export Refinancing Facility: UK Export Finance Main Features of the Export Refinancing Facility: Main Features of the Export Refinancing Facility (ERF) Summary UK Export Finance s Export Refinancing Facility (ERF) will help overseas

More information

How to Finance Export Receivables. By Michael D. Farstad Export Finance Lender

How to Finance Export Receivables. By Michael D. Farstad Export Finance Lender How to Finance Export Receivables By Michael D. Farstad Export Finance Lender Table of Contents New Products Working Capital Supply Chain Finance Guarantee Program Global Credit Express Loan Guarantee

More information

Transport Insurance for International trade

Transport Insurance for International trade Transport Insurance for International trade 1) International trade insurance indemnifies importers and exporters against various types of losses, including damage to goods in transit, products injuring

More information

EXPORT IMPORT BANK OF TRINIDAD AND TOBAGO

EXPORT IMPORT BANK OF TRINIDAD AND TOBAGO EXPORT IMPORT BANK OF TRINIDAD AND TOBAGO Evolution EXCICO 1973 EXIMBANK 1997 Vision To be the premier trade finance and credit insurance institution facilitating the national export thrust as the country

More information

Growing your Business: A Guide to SME Finance. www.contracts.mod.uk

Growing your Business: A Guide to SME Finance. www.contracts.mod.uk Growing your Business: A Guide to SME Finance Growing your Business: A Guide to SME Finance Michael Crosby Communications Officer Connect on LinkedIn Michael Crosby: uk.linkedin.com/in/michaelcrosby2/

More information

J. Gaspar: Adapted from Jeff Madura, International Financial Management. Slides by Yee-Tien (Ted) Fu

J. Gaspar: Adapted from Jeff Madura, International Financial Management. Slides by Yee-Tien (Ted) Fu Chapter 19 Financing International Trade J. Gaspar: Adapted from Jeff Madura, International Financial Management 19. 1 Slides by Yee-Tien (Ted) Fu Merchandise Trade Merchandise trade, i.e., exports and

More information

Trade Finance : SMEs Emerging Needs

Trade Finance : SMEs Emerging Needs ASIA-PACIFIC TRADE FACILITATION FORUM 2013 [Session 2: Integrating SMEs into international supply chains through trade finance] Beijing, China, 10-11 September 2013 Trade Finance : SMEs Emerging Needs

More information

Your Logo Here Creative Ways to Finance Your Working Capital Needs. February 22, 2012 2/24/2012

Your Logo Here Creative Ways to Finance Your Working Capital Needs. February 22, 2012 2/24/2012 Your Logo Here Creative Ways to Finance Your Working Capital Needs February 22, 2012 1 Trade Finance Tools Classic Trade Products: Letters Of Credit, Collections, Open Account Enhanced Trade Products:

More information

EXIM Bank EXIM Bank Trade Financing Solutions for Export Success!

EXIM Bank EXIM Bank Trade Financing Solutions for Export Success! EXIM Bank EXIM Bank Trade Financing Solutions for Export Success! Products: Risk Protection International sales are challenging enough without the added risk of not receiving payment for your goods or

More information

www.hampshirechamber.co.uk

www.hampshirechamber.co.uk FEEDBACK TO THE BRITISH CHAMBERS OF COMMERCE ON FUNDING AND FINANCE SCHEMES PROVIDED BY THE GOVERNMENT IN AID OF SMEs 10 FEBRUARY 2012 Hampshire Chamber of Commerce is the Independent Voice of Local Business

More information

FINANCIAL SUPPORT AVAILABLE TO BUSINESS (AT 8th February 2011)

FINANCIAL SUPPORT AVAILABLE TO BUSINESS (AT 8th February 2011) FINANCIAL SUPPORT AVAILABLE TO BUSINESS (AT 8th February 2011) Enterprise Finance Guarantee BIS 14 January 2009 Guarantees to lenders to enable them to provide debt facilities which would otherwise be

More information

Non-Bank Debt Finance providers operating in Ireland. Date: Wednesday 10 th December 2014

Non-Bank Debt Finance providers operating in Ireland. Date: Wednesday 10 th December 2014 Non-Bank Debt Finance providers operating in Ireland Presented by: Tom Early Date: Wednesday 10 th December 2014 Understand the Banks Perspective Banks are concerned with REPAYMENT CAPACITY De-risking

More information

Agenda item 6 CfER 01/12/10-05 COUNCIL FOR ECONOMIC RENEWAL ACCESS TO FINANCE

Agenda item 6 CfER 01/12/10-05 COUNCIL FOR ECONOMIC RENEWAL ACCESS TO FINANCE 1. Purpose COUNCIL FOR ECONOMIC RENEWAL ACCESS TO FINANCE 1.1 Ensuring that businesses have sufficient access to start up and growth investment, not only to meet current demands but to finance the ambitious

More information

COSME Loan Guarantee Facility. -FREQUENTLY ASKED QUESTIONSpublished

COSME Loan Guarantee Facility. -FREQUENTLY ASKED QUESTIONSpublished COSME Loan Guarantee Facility DISCLAIMER This document provides some information on the terms of the COSME Loan Guarantee Facility and its related documentation. This document is not, and should not be

More information

The Receivables Exchange. Darla Moore School of Business Inaugural Fixed Income Conference April 20, 2012

The Receivables Exchange. Darla Moore School of Business Inaugural Fixed Income Conference April 20, 2012 The Receivables Exchange Darla Moore School of Business Inaugural Fixed Income Conference April 20, 2012 The Opportunity Trade Receivables Asset Class Standing in Credit Markets (1) Other Bank Loans Commercial

More information

Chapter Sources of Short-Term Financing

Chapter Sources of Short-Term Financing Chapter Sources of Short-Term Financing Chapter 8 - Outline PPT 8-2 Sources of Short-Term Financing Trade Credit from Suppliers Net Credit Position Chartered Banks in Canada Types of Short-term Loans Interest

More information

British Business Bank Growth Loans Pilot

British Business Bank Growth Loans Pilot British Business Bank Growth Loans Pilot Delivering Help to Grow 26 th March 2015 Content Welcome and Introduction The Evidence Base: Research Findings The Growth Loans Pilot Application Process and Next

More information

FACTORS CONTRIBUTING TO EXTROVERSION

FACTORS CONTRIBUTING TO EXTROVERSION 1 FACTORS CONTRIBUTING TO EXTROVERSION The increase in extroversion may be achieved by the following: Promotion of exports of goods and services, Construction works abroad undertaken by Greek Companies,

More information

Question 1. Marking scheme. F9 ACCA June 2013 Exam: BPP Answers

Question 1. Marking scheme. F9 ACCA June 2013 Exam: BPP Answers Question 1 Text references. NPV is covered in Chapter 8 and real or nominal terms in Chapter 9. Financial objectives are covered in Chapter 1. Top tips. Part (b) requires you to explain the different approaches.

More information

Your Partner in International Trade, Investment & Structured Finance. Aon Trade Credit Asia

Your Partner in International Trade, Investment & Structured Finance. Aon Trade Credit Asia Your Partner in International Trade, Investment & Structured Finance The ever-changing financial and political landscape makes it impossible to predict the future. Our culture encourages us to aggressively

More information

Outstanding Loans Received From Abroad by Private Sector. Definitions and Explanations. Statistics Department Balance of Payments Division

Outstanding Loans Received From Abroad by Private Sector. Definitions and Explanations. Statistics Department Balance of Payments Division Outstanding Loans Received From Abroad by Private Sector Definitions and Explanations Statistics Department Balance of Payments Division Contents I- Definitions... 3 II- Compilation Of The External Debt

More information

Guide for SMEs in Obtaining Business Loan from Lending Institutions. The five steps of obtaining business loans

Guide for SMEs in Obtaining Business Loan from Lending Institutions. The five steps of obtaining business loans Guide for SMEs in Obtaining Business Loan from Lending Institutions Part I. The five steps of obtaining business loans 1. Gather information - Obtain information on the type of loan you are interested

More information

Non-Bank Debt Finance providers operating in Ireland

Non-Bank Debt Finance providers operating in Ireland Non-Bank Debt Finance providers operating in Ireland Presented by: Tom Early Enterprise Ireland Date: Tuesday 10 th February 2015 Understand the Banks Perspective Banks are concerned with REPAYMENT CAPACITY

More information

Corporate and Investment Banking. Open Account Trade Finance Solutions

Corporate and Investment Banking. Open Account Trade Finance Solutions Corporate and Investment Banking Open Account Trade Finance Solutions Open Account Trade Finance Solutions Standard Bank your trade partner in, for and across Africa Open Account Trade Finance Solutions

More information

British Business Bank

British Business Bank British Business Bank Peter Wilson CEO British Business Bank Investments ABFA Annual Conference 3 June 2015 Contents Overview of the British Business Bank Rationale Business Model Aims Programmes Impact

More information

FORFAITING A USER'S GUIDE WHAT IT IS, WHO USES IT AND WHY?

FORFAITING A USER'S GUIDE WHAT IT IS, WHO USES IT AND WHY? FORFAITING A USER'S GUIDE WHAT IT IS, WHO USES IT AND WHY? By: John F Moran, Jr. Abstract Italian and West German exporters have long been familiar with Forfaiting and still provide the bulk of the market.

More information

CARIBBEAN FINANCIAL SERVICES CORPORATION ACCOUNTS RECEIVABLE FACTORING

CARIBBEAN FINANCIAL SERVICES CORPORATION ACCOUNTS RECEIVABLE FACTORING CARIBBEAN FINANCIAL SERVICES CORPORATION ACCOUNTS RECEIVABLE FACTORING DEVELOPING A REGIONAL PROGRAMME FOR SMALL BUSINESSES CONTENTS 2 Introduction Objective and Target Groups Definition of Accounts Receivable

More information

THE HONG KONG INSTITUTE OF CHARTERED SECRETARIES THE INSTITUTE OF CHARTERED SECRETARIES AND ADMINISTRATORS

THE HONG KONG INSTITUTE OF CHARTERED SECRETARIES THE INSTITUTE OF CHARTERED SECRETARIES AND ADMINISTRATORS THE HONG KONG INSTITUTE OF CHARTERED SECRETARIES THE INSTITUTE OF CHARTERED SECRETARIES AND ADMINISTRATORS International Qualifying Scheme Examination CORPORATE FINANCIAL MANAGEMENT DECEMBER 2013 Time

More information

27 October 2010 Your ref: TRADE F.2/LT/ba. Ref: CHAP (2010) 02320 - Complaint against the UK export credit scheme

27 October 2010 Your ref: TRADE F.2/LT/ba. Ref: CHAP (2010) 02320 - Complaint against the UK export credit scheme THE CORNER HOUSE Station Road Sturminster Newton Dorset DT10 1BB Tel: +44 (0)1258 473795 Email Website: http:// www.thecornerhouse.org.uk Company No: 3892837 Ditte Juul-Jørgensen

More information

SBA EXPORT EXPRESS LOAN PROGRAM

SBA EXPORT EXPRESS LOAN PROGRAM SBA EXPORT EXPRESS LOAN PROGRAM Patrick Hayes, Regional Manager SBA Export Solutions Group U.S. Export Assistance Center 600 Superior Avenue, Suite 700 Cleveland, OH 44114-216-522-4731 patrick.hayes@sba.gov

More information

Credit Guarantee Schemes: a tool to promote SME growth and innovation in the MENA Region

Credit Guarantee Schemes: a tool to promote SME growth and innovation in the MENA Region Credit Guarantee Schemes: a tool to promote SME growth and innovation in the MENA Region Professor Stephen Roper, UK Stephen.roper@wbs.ac.uk Presentation structure On SME growth and innovation International

More information

Small Business confidence, funding and the potential for growth

Small Business confidence, funding and the potential for growth Small Business confidence, funding and the potential for growth Executive Summary Following the 2013 budget in March, Bibby Financial Services conducted three surveys, surveying a total of 1,450 SMEs to

More information

Access to Finance: Impacts of Publicly Supported Venture Capital and Loan Guarantees

Access to Finance: Impacts of Publicly Supported Venture Capital and Loan Guarantees Access to Finance: Impacts of Publicly Supported Venture Capital and Loan Guarantees Authors : Dr. Ronnie Ramlogan & Dr. John Rigby Presented by : Arslan Austin Innovation IV SS 2014 Introduction Innovation

More information

United States of America. Presentation of financial resources available to US investors in Afghanistan; Financial Tools

United States of America. Presentation of financial resources available to US investors in Afghanistan; Financial Tools United States of America Presentation of financial resources available to US investors in Afghanistan; Financial Tools Kabul, February 2007 Research categories for all countries Finance Categories 1. Equity

More information

Management of Receivables

Management of Receivables Management of Receivables Different costs involved in maintaining the debtors: 1. Interest. 2. Discount. 3. Collection Charges. 4. Bad Debts. Different approaches of calculating Interest: Total Cost approach.(priority)

More information

RMB Internationalization & Hong Kong. Graham Coker Trade Director, Transaction Services UK & Ireland

RMB Internationalization & Hong Kong. Graham Coker Trade Director, Transaction Services UK & Ireland RMB Internationalization & Hong Kong Graham Coker Trade Director, Transaction Services UK & Ireland RMB Internationalisation China s Market Reform Agenda RMB is called CNY onshore and CNH offshore. Hong

More information

SBA EXPORT LOAN PROGRAMS

SBA EXPORT LOAN PROGRAMS SBA EXPORT LOAN PROGRAMS Patrick Hayes, Regional Manager SBA Export Solutions Group U.S. Export Assistance Center 600 Superior Avenue, Suite 700 Cleveland, OH 44114-216-522-4731 patrick.hayes@sba.gov National

More information

CHAPTER 17. Financial Management

CHAPTER 17. Financial Management CHAPTER 17 Financial Management Chapter Summary: Key Concepts The Role of the Financial Manager Financial managers Risk-return trade-off Executives who develop and implement their firm s financial plan

More information

Capita Asset Services (Ireland) Limited acting as Operator of the SME Credit Guarantee Scheme

Capita Asset Services (Ireland) Limited acting as Operator of the SME Credit Guarantee Scheme 1 st Quarter Report of 2015 to the Minister for Jobs, Enterprise and Innovation detailing the analysis and performance of the SME Credit Guarantee Scheme at 31 st March 2015 Capita Asset Services (Ireland)

More information

Key learning points I

Key learning points I Key learning points I What do banks do? Banks provide three core banking services Deposit collection Payment arrangement Underwrite loans Banks may also offer financial services such as cash, asset, and

More information

Trade Finance Update for Multinationals and Financial Institutions

Trade Finance Update for Multinationals and Financial Institutions Trade Finance Update for Multinationals and Financial Institutions A Discussion on Recent Developments in Trade Finance Presented by: Ricardo Martinez, Partner, New York Lloyd Winans, Partner, New York

More information

Information booklet for small and medium enterprises (SMEs) in financial difficulty

Information booklet for small and medium enterprises (SMEs) in financial difficulty Information booklet for small and medium enterprises (SMEs) in financial difficulty We understand that in the current economic climate SMEs can experience difficulties meeting their financial commitments.

More information

MANAGING YOUR BUSINESS S CASH FLOW. Managing Your Business s Cash Flow. David Oetken, MBA CPM

MANAGING YOUR BUSINESS S CASH FLOW. Managing Your Business s Cash Flow. David Oetken, MBA CPM MANAGING YOUR BUSINESS S CASH FLOW Managing Your Business s Cash Flow David Oetken, MBA CPM 1 2 Being a successful entrepreneur takes a unique mix of skills and practices. You need to generate exciting

More information

K3 BUSINESS TECHNOLOGY GROUP PLC ( K3 or the Group ) Announces. Unaudited Half Yearly Report For the six months to 30 June 2009.

K3 BUSINESS TECHNOLOGY GROUP PLC ( K3 or the Group ) Announces. Unaudited Half Yearly Report For the six months to 30 June 2009. KBT 2 September K3 BUSINESS TECHNOLOGY GROUP PLC ( K3 or the Group ) Announces Half Yearly Report For the six months Key Points Encouraging results in more difficult trading environment demonstrate resilience

More information

FINANCING GUARANTEES INSURANCE

FINANCING GUARANTEES INSURANCE FINANCING GUARANTEES INSURANCE ABOUT US UNIQUE INSTITUTION ON THE ROMANIAN FINANCIAL/BANKING MARKET Target client groups: Companies with high development potential that can drive growth in the Romanian

More information

The role of UK Export Finance

The role of UK Export Finance The role of UK Export Finance BUSINESS WITH CONFIDENCE icaew.com Lord Livingston s Foreword Minister of State for Trade and Investment I am delighted to support this guide which gives UK businesses a useful

More information

Topic Overview. Strategies and Management E4: Resources Management Sources of Financing

Topic Overview. Strategies and Management E4: Resources Management Sources of Financing Resources for the TEKLA curriculum at Junior Secondary Topic 7 Sources of Financing Strategies and Management Extension Learning Element Module E4 Resources Management Topic Level Duration Topic Overview

More information

SMEs access to finance survey 2014

SMEs access to finance survey 2014 EUROPEAN COMMISSION MEMO Brussels, 12 November 2014 SMEs access to finance survey 2014 This memo outlines the results of a survey undertaken by the European Commission to provide policy makers with evidence

More information

5. Funding Available for IP-Rich Businesses

5. Funding Available for IP-Rich Businesses 20 IP Finance Toolkit 5. Funding Available for IP-Rich Businesses Introduction As the Banking on IP? report notes; SMEs first port of call for finance is often a bank. Figures quoted in the report show

More information

SMALL AND MID SIZED ENTERPRISES ON THE FRONTIERS OF EXPORTING PROTECTING PROFITS WHEN CURRENCIES FLUCTUATE

SMALL AND MID SIZED ENTERPRISES ON THE FRONTIERS OF EXPORTING PROTECTING PROFITS WHEN CURRENCIES FLUCTUATE SMALL AND MID SIZED ENTERPRISES ON THE FRONTIERS OF EXPORTING PROTECTING PROFITS WHEN CURRENCIES FLUCTUATE Supported by: Protecting profits when currencies fluctuate Protecting foreign earnings against

More information

Export Finance Guide. A Team Canada Inc Publication

Export Finance Guide. A Team Canada Inc Publication Export Finance Guide A Team Canada Inc Publication Overview The Team Canada Inc (TCI) Export Finance Guide is a complement to existing TCI publications and resources. Its purpose is helping Canadian entrepreneurs

More information

Notes on the parent company financial statements

Notes on the parent company financial statements 316 Financial statements Prudential plc Annual Report 2012 Notes on the parent company financial statements 1 Nature of operations Prudential plc (the Company) is a parent holding company. The Company

More information

Fundamentals Level Skills Module, Paper F9. Section A. Monetary value of return = $3 10 x 1 197 = $3 71 Current share price = $3 71 $0 21 = $3 50

Fundamentals Level Skills Module, Paper F9. Section A. Monetary value of return = $3 10 x 1 197 = $3 71 Current share price = $3 71 $0 21 = $3 50 Answers Fundamentals Level Skills Module, Paper F9 Financial Management December 2014 Answers Section A 1 A Monetary value of return = $3 10 x 1 197 = $3 71 Current share price = $3 71 $0 21 = $3 50 2

More information

Paper F9. Financial Management. Friday 7 June 2013. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants.

Paper F9. Financial Management. Friday 7 June 2013. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants. Fundamentals Level Skills Module Financial Management Friday 7 June 2013 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FOUR questions are compulsory and MUST be attempted. Formulae

More information

Section A: Introduction

Section A: Introduction Section A: Introduction A1 Was this business a subsidiary of another business in 2014? Yes No A2 If you are a subsidiary, what is the name of your current parent business? A3 Did your business generate

More information

The vast majority (73%) of small businesses have experienced late payment for their supplied goods and services within the last 12 months.

The vast majority (73%) of small businesses have experienced late payment for their supplied goods and services within the last 12 months. Late Payment The scourge of late payment is both commercially and ethically wrong. 73 per cent of small businesses report that they have been paid late in the past year. Small businesses suffer cash flow

More information

AN EXPORTER S GUIDE TO. Working Capital Loan Guarantees

AN EXPORTER S GUIDE TO. Working Capital Loan Guarantees AN EXPORTER S GUIDE TO Working Capital Loan Guarantees In This Guide Introduction The Value of a Working Capital Loan Guarantee How It Works The Application Process Case Study: CECA Supply & Services Inc.

More information

A guide to managing foreign exchange risk

A guide to managing foreign exchange risk A guide to managing foreign exchange risk CPA Australia Ltd ( CPA Australia ) is one of the world s largest accounting bodies with more than 122,000 members of the financial, accounting and business profession

More information

Benjamin Mugisha Resident Underwriter African Trade Insurance Agency (ATI) Central, East & Southern Africa

Benjamin Mugisha Resident Underwriter African Trade Insurance Agency (ATI) Central, East & Southern Africa Benjamin Mugisha Resident Underwriter African Trade Insurance Agency (ATI) Central, East & Southern Africa Place your company logo here (i.e. replace the Spintelligent logo with your company s logo). NB:

More information

Leasing and Factoring for SME Finance

Leasing and Factoring for SME Finance Leasing and Factoring for SME Finance ADBI Seminar on SME Finance May 2006 Yasuo IZUMI 1 The v iews expressed in this paper are the v iews of the author and do not necessarily reflect the views or policies

More information

Managing Foreign Exchange Risk

Managing Foreign Exchange Risk Managing Foreign Exchange Risk As evidenced in recent years, the value of the Canadian dollar is unpredictable over time. The profitability of exporters and importers has taken a hit from the loonie s

More information

Commonwealth Caribbean Regional Conference. Investing in Youth Exploring Strategies for Sustainable Employment. Financing and Financial Mechanisms

Commonwealth Caribbean Regional Conference. Investing in Youth Exploring Strategies for Sustainable Employment. Financing and Financial Mechanisms Commonwealth Caribbean Regional Conference Investing in Youth Exploring Strategies for Sustainable Employment Financing and Financial Mechanisms Presented by Ian Chinapoo May 25 th, 2011 Outline: Background

More information

Finance and Small Business

Finance and Small Business Small Business Management 4 2011 Finance and Small Business Notices: go to your own bank and ask for the Business Start-up Pack This should contain useful info (printed and in CD format). Take a look at

More information

EU-CELAC Business Summit eucelac-bizsummit2015.eu. Wednesday 10 th June 2015, 14:30-16:30 Concept Note for Workshop 3

EU-CELAC Business Summit eucelac-bizsummit2015.eu. Wednesday 10 th June 2015, 14:30-16:30 Concept Note for Workshop 3 EU-CELAC Business Summit eucelac-bizsummit2015.eu Wednesday 10 th June 2015, 14:30-16:30 Concept Note for Workshop 3 Access to finance and financial instruments The important role of Small and Medium-sized

More information

LECTURE NO.8 THE ROLE OF GUARANTEES AND BONDS IN INTERNATIONAL TRADE

LECTURE NO.8 THE ROLE OF GUARANTEES AND BONDS IN INTERNATIONAL TRADE LECTURE NO.8 THE ROLE OF GUARANTEES AND BONDS IN INTERNATIONAL TRADE A guarantor issues a guarantee or bond, usually a bank or an insurance company, on behalf of an exporter. It is a guarantee to the buyer

More information

A guide to the business services offered by: Also Trading As Really Useful Brokers Really Useful Factoring. 1 P a g e

A guide to the business services offered by: Also Trading As Really Useful Brokers Really Useful Factoring. 1 P a g e A guide to the business services offered by: Also Trading As Really Useful Brokers Really Useful Factoring 1 P a g e Contents Useful business contacts Business & Strategic Planning is not just for big

More information

Top Tips for Raising Finance

Top Tips for Raising Finance Top Tips for Raising Finance With Liz Gjoni All material Enterprise Enfield What do I Need? A realistic business plan that s concise and demonstrates your business idea makes sense and is financially viable

More information

EU-CELAC Business Summit eucelac-bizsummit2015.eu. Wednesday 10 th June 2015, 14:30-16:30 Concept Note for Workshop 3

EU-CELAC Business Summit eucelac-bizsummit2015.eu. Wednesday 10 th June 2015, 14:30-16:30 Concept Note for Workshop 3 Working Party on Latin America and the Caribbean (COLAC) m.d. : 90/15 source : EEAS for : Information date : 29-04 - 2015 EU-CELAC Business Summit eucelac-bizsummit2015.eu Wednesday 10 th June 2015, 14:30-16:30

More information

Overseas Direct Investment ANALYSIS & INSIGHTS

Overseas Direct Investment ANALYSIS & INSIGHTS Overseas Direct Investment ANALYSIS & INSIGHTS What is overseas direct investment (ODI)? ODI refers to investment by Australian companies in business operations overseas. This can take the form of a new

More information

SME Finance Monitor. Q3 2014: Management Summary. An independent report by BDRC Continental, November 2014. providing intelligence

SME Finance Monitor. Q3 2014: Management Summary. An independent report by BDRC Continental, November 2014. providing intelligence SME Finance Monitor Q3 2014: Management Summary An independent report by BDRC Continental, November 2014 providing intelligence Shiona Davies Director Tel: 020 7490 9124 shiona.davies@bdrc-continental.com

More information