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Factoring continues to grow successfully both in mature markets and in emerging markets. Through their control methods and permanent monitoring of the receivables on their clients’ debtors, factoring companies or factoring divisions of banks are able to provide more financing than traditional lenders, and at the same time limit their credit risks to a strict minimum. Factoring, therefore, plays an important role in financing the economic activity, also during the financial crisis.
Traditionally it is small and medium-sized companies that benefit most from this financial instrument, but also more important companies use factoring for flexible growth finance or for restructuring purposes.
For this webinar, IFC and FCI have joined forces to promote factoring in the United Arab Emirates.
Who should attend?
FCI members or prospects from the UAE in charge or that are going to be in charge of trade finance and factoring operations:
- Financial institutions
- Factoring companies
The objective of the conference is to discuss various aspects of factoring as an alternative tool for financing and its relevance for the UAE. Global and regional industry experts will explain the legal and regulatory framework for factoring in the UAE, present the new Emirates Development Banks’s National Supply Chain Finance Program and highlight challenges and latest developments in the global and UAE's factoring industries.
All participants are expected to actively participate in the session by using the various interactive tools of the webinar platform. The day will end with a Q&A session answering all questions, on a best-effort basis.