SOURCE: DS-Concept Factoring GmbH

DS-Concept Factoring GmbH

September 26, 2014 09:00 ET

DS-Concept Provides $3 Million Export Factoring Facility to Indian Auto-Parts Manufacturer

DS-Concept Factoring, a Global Commercial Finance Company Specializing in International Non-Recourse Factoring, Has Provided a $3 Million Export Accounts Receivable Facility to an Automobile Parts Manufacturer in India

MONCHENGLADBACH, GERMANY--(Marketwired - Sep 26, 2014) -  The client, who provides truck and tractor parts to major automobile manufacturers in the USA, and Europe, is implementing this non-recourse factoring facility to free up their local borrowing facilities so they can reinvest in additional inventory and capital expenditure to accommodate growing sales. By working with DS-Concept Factoring, the client can now replace the need for an ECGC credit insurance policy and can avoid the long underwriting and decision-making process common with domestic Indian banks.

"We are very pleased to bring onboard yet another export client based in South Asia, as the region continues to impress us with the many quality companies in need of supportive trade finance," states John Stillwaggon, Vice President of Sales of DS-Concept Factoring. "We think DS-Concept Factoring can bring a tremendous amount of support to these exporters, especially through our un-capped, non-recourse, export factoring facilities. Our quick underwriting turnaround and our ability to fund within 24-48 hours of shipment is a welcomed change for our clients in South Asia, especially when compared to the domestic financial companies they are used to working with."

The DS-Concept Factoring 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 Factoring brings streamlined, flexible and best-in-class services to the world's small and mid-sized 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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