Type: Invoice Trading
Invoice Trading - geography: Denmark
CO. no.: 34079137
Regulated as of: 2015
Regulator: Finanstilsynet (Danish FSA)
Payment Services and E-money Act section 38.
The Danish Financial Services Authority.
Permits (Restricted authorisation):
A restricted authorisation, cf 38, no. 2, cf. Appendix 1, no. 6: Money remittance.
Dansk Faktura Børs, is a Danish based B2B invoice/receivables exchange/marketplace. An exchange for account receivables, where SME?s get access to liquidity by selling their invoices against credit worthy debtors, and institutional investors get access to a unique asset class at gross prices while getting superior short-term yields. The sellers on the exchange are typically Danish suppliers looking to be paid immediately after completing their work instead of waiting 30, 60, 90 or 120 days. Debtors (the ones who pay the invoices) are typically credit worthy Nordic companies or government/state. Yields are currently in the range from 5-15% p.a. I.e. an invoice toward Danish government would currently yield 5-7% p.a., which is a big mark-up compared to Danish government bonds. All invoices are approved by the Debtor before being put on auction.
Dansk Faktura Børs is regulated by Danish FSA. You can read more about us on https://danskfakturabors.dk/?lang=en
Description: GLI Finance Limited ("Company" or "GLIF") is a Guernsey-domiciled loan company listed on the AIM market of the London Stock Exchange (ticker GLIF). The Company's objective is to produce a stable and predictable dividend yield, with long term preservation of net asset value. This the Company aims to achieve through the provision of secured lending to small and medium sized companies with the view to exit the CLO business over time and focus on the provision of alternative finance to SME?s.
The Company Strategy is to become a leading alternative provider of SME finance and in the last year the Company has made significant strides to achieve this by completing a number of partnership transactions with lending platforms. The platforms which have been invested in vary by geography, industry, size of lending and by type of lending. These include Global trade Finance, UK SME Lending, Offshore Lending, UK invoice discounting, European invoice discounting, Global multi-asset crown funding and UK property-backed lending.
Start: Jun, 2015
Description: Dansk Faktura Børs A/S is an active member of the Danish Crowdfunding Association and member of the board.
Start: Jan, 2015
Description: Dansk Faktura Børs A/S is an active member of CFIR.
The committee said in a resolution this week that they want CMU building blocks, such as diverse investment choices, risk mitigation and clear investment information across the EU, to be in place by 2018 to complement bank financing.
Non-bank sources of finance should be developed alongside well-established bank financing. EU businesses will be less vulnerable in the event of tighter bank lending if market participants are able to raise debt, equity and venture capital directly from the market, it said.
Effective cross-border insolvency rules will be needed along with a recovery and resolution framework for non-banks, especially 'central counterparties' who work as intermediaries between sellers and buyers and manage the risk in case one party defaults, the committee said.
After much hint dropping and consideration, P2PGI has confirmed its intention to raise in excess of £250m in a new C Share issue.
The announcement comes following significant investor demand, and will likely close in late July 2015. As we discussed when the whispers of this issue first surfaced, existing C Shares will be converted into ordinary shares prior to the issue of the next batch of C Shares. P2PGI will supposedly have fully deployed the £250m that was raised in the last C Share issue by the end of June.
In less than a year, new regulation will require all quoted companies and limited liability partnerships (LLPs) to publish information about their payment practices. The regulations won?t precisely dictate payment terms, but are intended to allow businesses to identify good and bad payers and which ones offer their suppliers terms that fit best with their business model.
The prominent institutional investor announced in June that it would soon launch a Closed End Fund (CEF) by the name of ?GLI Alternative Finance PLC?. The purpose of the fund is to invest across a range of SME loan assets, and we presumed at the time that those loans would be originated by the GLI?s portfolio platforms. The fund will launch via an IPO on the London Stock Exchange.
GLI Finance Ltd has now confirmed plans to launch a closed end fund (CEF), listed on the LSE, to invest in SME loan assets.