SOURCE: DS-Concept Factoring GmbH

DS-Concept Factoring GmbH

October 06, 2015 09:28 ET

DS-Concept Provides $1 Million Reverse Factoring Facility to German Fashion Retailer

MOENCHENGLADBACH, GERMANY--(Marketwired - Oct 6, 2015) -  DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $1 million reverse factoring facility to a fashion retailer in Germany. The client, a fashion retailer with over 50 locations throughout Germany, anticipates an annual factored volume of $10MM-$15MM. With DS-Concept funding the client's suppliers in China and Bangladesh, the foreign vendors benefit from faster funding and lower borrowing costs. With their increased working capital, the client will focus on their expansion and plans to add an additional 5 retail locations this year.

The DS-Concept Group maintains a network of offices and affiliates all over the world, including USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, UK, China and the United Arab Emirates as well as the headquarters in Germany. Combining credit protection, collections, and financing into a single suite of trade finance products, DS-Concept brings streamlined, flexible and best-in-class services to the world's exporters.

DS-Concept is an international trade financing expert, which has set itself the objective of ensuring liquidity to exporters. To meet that goal, DS-Concept assumes currency fluctuations and provides an optimized cash flow solution to its customers. With offices and affiliates in eleven countries, the DS-Concept Group (www.ds-concept.net) maintains the network necessary to provide its services to its customers around the globe.

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