FCI Conference on Fundamentals of Factoring and Receivables Finance Samarkand

CODIX IS A BRONZE SPONSOR OF THE UPCOMING FACTORING CONFERENCE OF FCI AND EBRD TFP IN UZBEKISTAN

CODIX is a Bronze Sponsor of the upcoming FCI Conference on “Fundamentals of Factoring and Receivables Finance”. The international event, organized in partnership with EBRD Trade Facilitation Programme (TFP), will be held on 17 May in Samarkand, Uzbekistan.

The one-day conference, hosted by FCI, will take place during the EBRD Annual Meeting and will provide the opportunity for industry professionals to share their expertise with attendees on how to build factoring operations on a national level.

The FCI conference will be attended by CODIX top management representatives who will network and discuss with FCI local members and industry leaders the latest developments in the region, as well as share their views and experience on how to strengthen any factoring business with the right All-In-One Commercial Finance Software Solution.

The programme of the event includes presentations on:

• Global Industry trends and the local market environment
• Developments of Trade and Receivables Finance through the Lens of EBRD
• Answering the big questions and the advantages of Factoring & Reverse Factoring – comparison to Traditional Trade Finance and factoring as an alternative Financing Solution for the SMEs
• Factoring as an Alternative Tool for Financing – Turkey & Poland Success Story

Participants are expected to be EBRD members, participation banks, FCI members and potential members which wish to learn what factoring is in more detail.

Data show that 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 can provide more financing than traditional lenders and, at the same time, limit their credit risks to a strict minimum. Factoring, therefore, plays a significant role in financing economic activity, especially during the financial crisis. Traditionally it is small and medium-sized companies that benefit most from this financial instrument, but more importantly, companies use factoring for flexible growth finance or restructuring purposes.