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.
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.“We know that ...
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