What is finacity?

Finacity is a leader in the structuring and provision of asset-backed working capital funding solutions, consumer receivables financing, supplier and payables finance, back-up servicing, and transaction reporting globally.

Who owns Finacity?

White Oak buys Finacity in flagship acquisition White Oak Global Advisors (“White Oak”) has completed the acquisition of Finacity Corporation (“Finacity”) a global leader in working capital and trade finance funding solutions to global businesses.

What do you mean by Forfaiting?

Forfaiting is a method of trade finance that allows exporters to obtain cash by selling their medium and long-term foreign accounts receivable at a discount on a “without recourse” basis. “Without recourse” or “non-recourse” means that the forfaiter assumes and accepts the risk of non-payment.

What are the types of Forfaiting?

At present, the types of forfaiting are as follows:

  • Forfaiting under a usance L/C.
  • Forfaiting under a sight L/C.
  • Forfaiting under D/A.
  • Forfaiting under domestic L/C.
  • Forfaiting under the credit insurance (non-recourse Rong Xin Da).
  • Forfaiting guaranteed by IFC or other international organizations.

What is difference between factoring and forfaiting?

Factoring: Deals with short-term accounts receivables, which typically falls due within 90 days or less. Forfaiting: Deals with medium- to long-term accounts receivables. Forfaiting: The sales of receivables are on capital goods.

Is a method of renting assets?

A finance lease is a method of financing assets where they remain the property of the finance company that hires them and the lessee pays for the hire of the asset or assets. The lessor charges a rent as their reward for hiring the asset to the lessee.

What are the four pillars of trade finance?

Overview of Trade Finance: Definition and context; trade finance as an element of finance; discussion of the four pillars (payment, financing, risk mitigation and provision of information).

What is factoring in simple words?

Factoring, receivables factoring or debtor financing, is when a company buys a debt or invoice from another company. In this purchase, accounts receivable are discounted in order to allow the buyer to make a profit upon the settlement of the debt.

Is known as mezzanine capital?

Mezzanine capital is a hybrid form of funds that lies in between pure equity and pure debt financing of a corporation’s capital structure. It allows investors rights to convert into equity interest if the company defaults. Some experts call it ‘cheap equity’. It is a costly debt; also less dilutive.

Who has to manage the post issue activities?

5 Post-issue Lead merchant banker shall continue to be responsible for post issue activities till the subscribers have received the shares/debenture certificates or refund of application moneys and the listing agreement is entered into by the issuer company with the stock exchange and listing/ trading permission is …

What are the 3 elements of trade finance?

Trade finance covers different types of activities including issuing letters of credit, lending, forfaiting, export credit and financing, and factoring. The trade financing process involves several different parties, including the buyer and seller, the trade financier, export credit agencies, and insurers.

What are the four pillars of international trade compliance?

This Policy reflects Enterprise’s commitment to compliance in four specific areas: Customs and Import Controls; Export Controls; Economic Sanctions; Anti-Boycott and the Foreign Corrupt Practices Act.