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Commercial Credit News
Omnibus II package agreed – comments by Sharon Bowles MEP
Friday, 15 November 2013

Yesterday’s final trialogue on Omnibus II lasted for over 8 hours and late into the night. Presided over by Sharon Bowles MEP, Chair of the European Parliament’s Economic and Monetary Affairs Committee, a provisional deal has been agreed with Member States.

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Toyota Capital Malaysia Selects SunGard’s AvantGard Treasury & Risk Solution
Friday, 08 November 2013

Toyota Capital Malaysia (“TCAPM”) (a joint venture between Toyota Financial Service of Japan and UMW Corporation) has selected SunGard’s AvantGard Treasury (Integrity) to manage treasury and cash management.

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Significant liquidity potential to be exploited in Central Europe, reveals Demica’s new research
Tuesday, 22 October 2013

Significant liquidity could be released for supplier companies based in Central Europe through Supply Chain Finance (SCF), according to the latest research from Demica, a technological specialist for working capital solutions. Its new study reveals that SCF programmes could help unlock combined working capital of over €16 billion for suppliers located in Poland, the Czech Republic and Hungary in the manufacturing, wholesale, and logistics sectors. The exploitation of this hidden liquidity potential is particularly important for many domestic companies in Central Europe, in particular the small- and medium-sized enterprises (SMEs), as standard relationship credit is getting more difficult and more expensive to access against the backdrop of economic slowdown and western bank deleveraging.

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Iowa Banker Elected Chairman of ABA
Tuesday, 22 October 2013

WASHINGTON — Jeff Plagge has been elected chairman of the American Bankers Association for the 2013-2014 association year. Plagge is the president and CEO of Northwest Financial Corp., in Arnolds Park, Iowa.

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M. B. McGrady Embraces Online Accounting
Tuesday, 22 October 2013

London, 22nd October 2013: Northern Ireland based, M. B. McGrady & Co. has launched Now! Accounts, an online accounting service to enable businesses to ensure compliance and collaborate in the cloud.

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Myanmar latest to join list of frontier markets in South East Asia
Thursday, 17 October 2013

Leading trade credit insurer, Atradius, has identified Myanmar as the latest in a list of frontier markets offering foreign investors promising opportunities for future long-term growth in South East Asia.

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Tieto supplies Arek with centralized application management services
Wednesday, 16 October 2013

Tieto and Arek, developer and provider of earnings-based pension information system services in Finland, have signed a five-year agreement on application management services. The agreement covers service management, continuous maintenance, version projects, service desk operations and consulting. To deliver the services, Tieto will utilize the delivery centre it is establishing in Pune, India. The centre focuses on application management in the pension insurance sector.

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ABA Urges Consumers to Stay Safe Online
Wednesday, 02 October 2013

WASHINGTON — The American Bankers Association (ABA) is kicking off the 10th annual National Cybersecurity Awareness Month with a reminder to consumers that for all the internet’s advantages, it can also make users vulnerable to fraud, identity theft and other scams.

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Top tips for trading successfully with Mexico
Wednesday, 02 October 2013

Leading trade credit insurer, Atradius, has published a report outlining the most important principles for trading with Mexico.

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Iceland’s Prime Minister asks foreign investors to view economy in new light
Thursday, 19 September 2013

London – 19 September 2013 – The Prime Minister of Iceland, Sigmundur David Gunnlaugsson, will announce at a Mergermarket conference today that the economy has a bright future and that the time is right for foreign investors to return to Iceland.

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£69 million more for Start-Up Loans and New Enterprise Allowance
Thursday, 12 September 2013

Extra financial support for British entrepreneurs to start a business is now available through Start-Up Loans and New Enterprise Allowance.

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