Corporate Turnaround- looking beyond just banks and the debtor
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Presentation by Igor Zax (Tenzor Ltd.) at a conference on Corporate Financial Restructuring in Russia & CIS
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The document discusses trade credit insurance and its benefits for companies. It provides an overview of how companies can manage bad debt risk, including through self-insurance, factoring, letters of credit, and trade credit insurance. Trade credit insurance offers both tactical and strategic advantages for companies, such as protecting against unexpected losses, enabling growth through more flexible credit terms, and improving financial stability. However, some companies resist it due to lack of knowledge, believing they are large enough to self-insure, or potential political issues internally. The document argues that trade credit insurance can often pay for itself through reduced interest rates, lower credit and collections costs, and increased sales margins from new business enabled by more flexible credit terms. Major providers of trade credit
Debt Protection White Paper 10-22-15
The document discusses trade credit insurance and its benefits for companies. It provides an overview of how companies can manage bad debt risk, including through self-insurance, factoring, letters of credit, and trade credit insurance. Trade credit insurance offers both tactical and strategic advantages for companies, such as protecting against unexpected losses, enabling growth through more flexible credit terms, and improving financial stability. However, some companies resist it due to lack of knowledge, believing they are large enough to self-insure, or potential political issues internally. The document argues that trade credit insurance can actually pay for itself through reduced interest rates, lower credit and collections costs, and increased profits from new business enabled by more flexible credit terms. Major providers of trade credit insurance
Protecting bad debt white paper
This document discusses trade credit risk and insurance. It explains that any sale carries the risk of non-payment from buyers, which can be damaging to a company's profits and viability. It outlines different methods companies use to manage bad debt risk, including self-insurance, factoring, letters of credit, and trade credit insurance. Trade credit insurance provides protection against unexpected losses from customer insolvency or slow payments. It also allows companies to grow more confidently by taking on new customers and markets. The document argues that trade credit insurance can help companies expand strategically while protecting themselves from bad debt risks.
Aftab Hasan Speaking at Trade Credit Insurance Summit - 2014
This document summarizes a presentation about the emergence of trade credit insurance in the Middle East market. It provides an overview of key concepts such as what trade credit insurance is, the origin and history of trade credit insurance, reasons to have it, major global underwriting markets and players, availability and practices of insurers, policy structures and coverages, prevailing market conditions, regional country coverages, the role of brokers, and concludes with noting the profile and services of Arya Insurance Brokerage Company in Dubai.
Risk intelligence: How to reliably mitigate transaction risk and secure clean...
This risk intelligence white paper is part of a series of publications from Aon Strategic Advisors & Transaction Solutions (ASATS). The series focuses on risk management and mitigation and is specifically created to help:
• Chief executives and corporate management board members pursuing growth strategies through M&A, or divesting
• Corporate tax managers, development officers and legal counsel responsible for planning, overseeing and / or delivering planned value from M&A
• Chief executive and chief financial officers of private-equity backed portfolio companies
• Private equity executives, portfolio managers and risk officers
• Corporate finance, accounting, tax and legal advisors servicing corporate and private
equity clients
Igor Zax interviewed on Credit Insurance for Secured Lender
Igor Zax, Managing Director of Tenzor Ltd., was interviewed about credit insurance, among other industry leaders in Secured lender, a publication of Commercial Finance Association.
The article,
Trade Credit Insurance Proves to be a Useful Financial Tool
was written by, Eileen Wubbe, Senior Editor and also includes interviews with senior officers of credit insurers (Atradius, COFACE, EULERHermes), insurance brokers (Marsh, Arthur J. Gallagher) and Financiers (GE, EX-Works Capital).
Igor Zax also moderated credit insurance panel at Factoring and Trade Finance World, a major conference by Commercial Finance Association, that will be held in Miami 2-4 March 2015.
trade finance - Copy.pptx
The project report provides an overview of trade finance. It defines trade finance and discusses various tools used in trade finance like letters of credit, bonds and guarantees, invoice discounting and factoring, and supply chain finance. It also outlines some common risks in international trade like counterparty risk, country risk, and FX risk. Finally, it discusses some key trade finance products available in India such as term loans, working capital limits, letters of credit, invoice discounting/factoring and export credit.
Get In The Drivers Seat Of Lending To Automobile Dealerships
This article discusses key issues for lenders to consider when lending to automobile dealerships. It outlines the types of financing requests dealerships typically make, including floorplan financing, mortgages, and working capital loans. It also discusses important factors for lenders to evaluate such as the dealership ownership structure, franchise mix, processing days, advance rates and collateral requirements. The article emphasizes the importance of understanding the dealership's operations, financials, ownership, and managing credit risks when lending to automobile dealerships.
Buyer confirmed receivables wider market implications
Igor Zax, managing director of Tenzor Ltd, published a new article, Buyer Confirmed Receivables - Wider Market Implications , in the World Supply Chain Finance Report 2016, a major publication by BCR/Factorscan. The article is focused on use of buyer confirmed receivables across a variety of financing products, such as credit insurance, secularization, alternative fiance, distribution finance, as well as it's technological and strategic implications.
Effective Risk Management Strategies for Factoring Success.pptx
Factoring, which involves the purchase of accounts receivable to provide businesses with quick access to working capital, is a powerful financial tool that can fuel growth and stability. However, it comes with its own set of risks and challenges.
Visit: https://m1nxt.blogspot.com/2023/12/effective-risk-management-strategies.html
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Trade Credit: the nature of the risk and its implications for SCF
Trade Credit: the nature of the risk and its implications for SCF
Aftab Hasan Speaking at Trade Credit Insurance Summit - 2014
Aftab Hasan Speaking at Trade Credit Insurance Summit - 2014
Risk intelligence: How to reliably mitigate transaction risk and secure clean...
Risk intelligence: How to reliably mitigate transaction risk and secure clean...
Igor Zax interviewed on Credit Insurance for Secured Lender
Igor Zax interviewed on Credit Insurance for Secured Lender
Get In The Drivers Seat Of Lending To Automobile Dealerships
Get In The Drivers Seat Of Lending To Automobile Dealerships
Buyer confirmed receivables wider market implications
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Effective Risk Management Strategies for Factoring Success.pptx
Effective Risk Management Strategies for Factoring Success.pptx
More from Igor Zax (Zaks)
Supply Chain Finance and Artificial Intelligence - a game changing relationsh...
Igor Zax (Zaks) , CFA, President of Tenzor Ltd. and Alexei Lapouchnian, Ph.D. published a new article, Supply Chain Finance and Artificial Intelligence -a game changing relationship? in Receibable Finance Technology Yearbook 2018 by BCR Publishing. The book would be officially launched at RFIx Receivables Finance International Convention 14-15 March 2018 in London, UK.
Buy and Build Strategies- Presentation Slides by Igor Zax at Private Equity O...
Igor Zax, Managing Director of Tenzor Ltd., chaired Private Equity Deal Origination Conference 25 November 2015. The event was hosted by IIR/Informa and featured will major PE houses such as Bain Capital, LDC, Riverside, and August Equity, as well as Houlithan Lokey, Cavendish Corporate Finance, KPMG, Grant Thornton, White and Case and others.
Igor Zax also presented a panel on Buy and Build Strategies, talking about successful identification of platform companies, putting together effective management teams, financing initial purchase and add-on acquisitions.
Alternative invoice finance- areas for innovation
Igor Zax, Managing Director of Tenzor Ltd., published a new article, Alternative invoice finance- areas for innovation in Trade and Receivable Finance news (TRF News).
The article is published ahead of Alternative and Receivables Finance conference in London 11 May 2015 (organized by BCR Publishing), where Igor Zax will moderate a panel on Optimizing product innovation and market differentiation in the receivables and alternatives space, that will include senior representatives from C2FO, Secured Trust Bank, Funding Options and Demica
Distribution Finance- article by Igor Zax at Trade and Forfeighting Review
Distribution finance, also known as floor plan financing or inventory finance, provides financing to distributors and retailers for their inventory. While traditionally focused in the US, it is expanding globally. The document discusses how supply chain finance (SCF) techniques could modernize distribution finance programs by separating credit and performance risk and leveraging credit insurance. This could make distribution finance programs more efficient and accessible to more financial institutions.
Distressed M&A: Some Strategic and Financial Trends and Considerations
This article by Igor Zax, currently Managing Director of Tenzor Ltd. was first published in Issue 2, Volume 6, 2009 of International Corporate Rescue journal, and looks into opportunities created for distressed M&A due to evolving industry structure and working capital issues.
Designing a Corporate Credit Policy- by igor Zax in GT News
Igor Zax, managing director of Tenzor Ltd, published a new article, Designing a Corporate Credit Policy in GT News (major treasury publication by AFP).
The article discussed effects of granting credit to customers, credit origination process,credit risk management, dilutions/late payments and their effects, concentrated A/R, effect of A/R policy on return on capital.
Supply Chain Finance-Where Will The Future Lead -by Igor Zax
Igor Zax, managing director of Tenzor Ltd, published a new article, Supply Chain Finance Where Will the Future Lead in GT News (major treasury publication by AFP).
The article discussed advantages and implications of seller centric approach to SCF, as well as use of SCF within overlall context of Supply Chain co-operation.
Reprinted with permission.
Антикризисные Программы - Не Только Банки и Заемщики
Презентация Игоря Закса на конференции "Корпоративная Финансовая Реструктуризация в России и СНГ" - Москва 1-2 Декабря 2009ю Дополнительная информация на www.tenzor.co.uk
Taking A Holistic Approach To Working Capital Pilots Log
The article analyses strategic approach to working capital, conceptual framework (outsourcing of financing), financing tools, redesigning supply chain, changing product mix and adjusting business model. It also addresses implications for private equity owned businesses
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Supply Chain Finance and Artificial Intelligence - a game changing relationsh...
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Distribution Finance- article by Igor Zax at Trade and Forfeighting Review
Distribution Finance- article by Igor Zax at Trade and Forfeighting Review
Distressed M&A: Some Strategic and Financial Trends and Considerations
Distressed M&A: Some Strategic and Financial Trends and Considerations
Designing a Corporate Credit Policy- by igor Zax in GT News
Designing a Corporate Credit Policy- by igor Zax in GT News
Supply Chain Finance-Where Will The Future Lead -by Igor Zax
Supply Chain Finance-Where Will The Future Lead -by Igor Zax
Антикризисные Программы - Не Только Банки и Заемщики
Антикризисные Программы - Не Только Банки и Заемщики
Taking A Holistic Approach To Working Capital Pilots Log
Taking A Holistic Approach To Working Capital Pilots Log
Corporate Turnaround- looking beyond just banks and the debtor
- 1. Corporate Turnaround- looking beyond just banks and the debtor. Igor Zax, CFA Tenzor Ltd © Tenzor Ltd 2009 www.tenzor.co.uk
- 8. Redesigning the Model -Distribution example Supplier Distributor purchase Sell Payment Provides: Marketing/Sales Logistics Service Working Capital Finance? Risk mitigation??? Risks: Distributor credit risk This risk may be highly concentrated Customer credit risk (if distributor has little capital) Product liability (any case) Credit Insurance? Factoring? Securitisation? What credit limit? Diversified risk? Low concentrations? Single vs multi tier? How do you finance receivables in Russia? © Tenzor Ltd 2009 www.tenzor.co.uk
- 9. Distribution example Supplier Distributor-now agent? Sell Provides: Marketing/Sales Logistics Service Collections? Performance risk mitigation? Credit Insurance-easier to obtain? Invoice discounting? Factoring? We are in Europe! Diversified risk? Low concentrations? Single vs. multi tier? No need to finance in Russia? Low working capital needs! © Tenzor Ltd 2009 www.tenzor.co.uk