Local presence key as SCF enters complex countries

SCF can provide essential finance for supporting the growth of companies in “complex countries”, argue panellists at SCF Forum Europe. Chantal Joosse, business development director, strategic partnerships – Stenn International, Steven van der Hooft, CEO – Capital Chains, Avarina Miller, director, working capital solutions – Demica and Alejandra Alcalde, head of SCF global sales, BBVA all agreed that while entering developing markets or complex countries can be challenging, there are some exciti

Moody's raises questions about SCF disclosure

Greater clarity from regulators and increased disclosure by companies is needed in order to prevent misuse of SCF by firms such as UK construction firm Carillion, insists the associate managing director at Moody’s, William Coley, speaking at the SCF Forum Europe. The treatment of reverse factoring on balance sheets has been contentious and there have been fears that the product could be abused by unscrupulous firms. Coley says that this is an issue of mismanagement, rather than a problem with t

Retailers promote use of SCF to help suppliers grow

Ronald Molenaar, manager business controlling at Dutch supermarket chain Jumbo and Vilhelm Otterheim, senior sourcing manager with Swedish retailer ICA Gruppen told SCF Europe forum delegates how they used supply chain finance to ensure that their key suppliers can afford to stay with them as they develop. Both acknowledged the vital importance of supply chains growing with their companies. Jumbo’s passion for modernising and evolving was conveyed by Molenaar, who used Jumbo’s history of fast g

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