Tradewind Finance, a global trade finance provider now in its 25th year, has provided additional working capital for a commodities trader specialized in raw materials and consumables for the steel industry. The company, based in Europe, is a returning client of Tradewind’s and has received a EUR 700,000 export factoring facility in the arrangement.
Scrap metal trading requires prepayment conditions on the procurement side and longer payment terms on the receivables side. The facility announced today is enabling the company to free up cash flow tied to their receivables, bridging liquidity at different stages of the transaction.
“Trade in scrap metal, especially steel and stainless-steel scrap, is entirely subject to global supply and demand and generally requires great flexibility, which requires very dynamic management of payment deadlines, storage, and transport. Tradewind’s export factoring facility is a perfect solution that is allowing our client to support the different payment schedules of buyers and suppliers,” Balazs Domonkos, Senior Sales Manager in Tradewind’s Hungary office, says.
Mr. Domonkos continued: “The client valued Tradewind’s international network, which was important for supporting their operations across Europe and Asia. Combined with our competitive rates, a positive experience when working with Tradewind in the past, and our deep understanding of the financing needs of the scrap metal trading industry, the client confidently partnered with Tradewind again to get the working capital support they were looking for.”
For more information about Tradewind Finance, visit our website at x6pz.rf518.com.
About Tradewind Finance
Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Bulgaria, China, Hong Kong SAR, Hungary, India, Pakistan, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.
