Trade finance firm closes securitization with Natixis

Stenn, a trade finance specialist, has closed a $200m receivables securitization programme with Natixis, expanding its capital markets programme. The company said it hopes to address the $1.5tr 'trade finance gap' that could be closed by digitisation, according to the International Chamber of Commerce (ICC) and the Asian Development Bank.

  • By Tom Brown
  • 17 Jul 2019

In 2017, the UN officially recognised an estimated $1.5tr trade financing gap in its annual Financing for Development (FfD) review proposed by the ICC, a gap which could be filled by the growth of paperless trade, particularly via innovation from the non-banking sector.

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