SOURCE: Finacity

Finacity

August 11, 2014 09:00 ET

Finacity Announces Annual Back-Up Servicing Volumes Exceed $40 Billion

STAMFORD, CT--(Marketwired - Aug 11, 2014) - Finacity Corporation ("Finacity") announced today that it has been responding to the growing demand for back-up servicing in the trade accounts receivable finance arena.

Michael Rodgers, Finacity EVP of Operations, said that, "Finacity has provided this capability and service since the company's inception in 2001, but the demand for this added level of support in trade AR transactions has increased significantly since the market adjustment in 2008. Finacity currently provides explicit back-up servicing for approximately $42 billion in annual trade receivable flow, representing about half of its $95 billion annual receivable financing and administration."

About Finacity Corporation

Finacity Corporation specializes in the structuring and provision of efficient capital markets receivables funding programs, state-of-the-art servicing, bond administration and back-up servicing. Finacity currently facilitates the financing and administration of approximately $95 billion of receivables annually. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 165 countries. For more information on our company, please visit www.finacity.com.

Contact Information

  • For more information, please contact Finacity Corporation:
    Michael D. Rodgers
    Tel: (203) 428-3531