Trade finance firm closes securitization with Natixis

code 4
By Tom Brown
17 Jul 2019

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.