TRADE FINANCE ENGINEERING SA
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Consultants business
Factoring has until then mainly expanded in the EU and some other OECD countries.
While trade flows with or between non-OECD countries take a growing share of total international trade volumes, factoring hardly exists in most among these growing economies.
Because of the recent regulatory and prudential constraints, many banks have contracted or simply stopped their international trade finance activities.
Exporters, for their part, though generally benefiting of large cash availabilities, do not want, because of audit requirements, to keep in their balance sheet a Clients receivables account representing too big a portion of their total assets.
Because of this specific context, a group of specialists in international trade and finance, credit insurance and capital markets has set up in October 2016 TFE Trade Finance Engineering SA in Swiss « canton de Vaud » as a limited company specializing in factoring.
The factor shall select a limited number of exporters with a proven track record in the buying countries. The factor shall endorse the seller’s credit management policy in accordance with their customer’s risk profile. TFE believes that the quality of the seller/buyer relation remains key to a good performance of payments.
TFE Trade Finance Engineering SA is discounting invoices with maturities between 30 days and 360 days to the benefit of suppliers of goods selling to non-OECD countries. Only invoices being covered by an export credit insurance from the best export credit agencies or private insurers shall be eligible to TFE program.
TFE Trade Finance Engineering has selected Swiss or EU exporters showing a proven track record in the buying countries and monitoring their credit management policy in accordance with their customer’s risk profile.
Though concentrating primarily on flows of consumption goods, revolving by definition, TFE Trade Finance Engineering is as well discounting spot sales of equipment goods compatible with its risk assessment guidelines.