Working Capital

Igor Zaks to present at Georgetown University

Igor Zaks

Igor Zaks, CFA, President of Tenzor Ltd, will present as a guest speaker at Georgetown University McDonough School of Business on 26 April 2022. The topic would be “Tools for financing and credit risk mitigation in supply chains-past, present, and future?”. We would be discussing the importance of suppliers’ financial health and supplier bankruptcies and also look at supply chain finance and its… Read More »Igor Zaks to present at Georgetown University

Igor Zaks presents at FCI Conference on Receivables Finance

Igor Zaks

Igor Zaks, CFA, President of Tenzor Ltd will be presenting (via video link) at the Conference on Evolution and Outlook of Receivables Finance in CEE & SEE, taking place on 9-10 March 2022 in Budapest. It will focus on Central and South-Eastern Europe and is organized by FCI (formerly known as Factors Chain International), in partnership with EBRD and the Hungarian Factoring Association Leading industry professionals from… Read More »Igor Zaks presents at FCI Conference on Receivables Finance

Greensill and insurers – the story is just beginning

Igor Zaks

Igor Zaks, Editorial Board Member of TRF News and President of Tenzor Ltd, explains the recent developments in Greensill case and how these impact the credit insurance industry. Insurance Claims As it just started to appear, most of the Greensill story followed the headlines, and new development occurred. January 13th, Credit Suisse announced it filed five insurance claims related to US$1.17bn in exposure… Read More »Greensill and insurers – the story is just beginning

Greensill: The lessons for credit insurers by Igor Zaks

Igor Zaks

Igor Zaks, President of Tenzor Ltd., published a new article in Berne Union Yearbook: Greensill: The lessons for credit insurers. It looks at the potential consequences of Greensill story for credit insurance, draws parallels with some aspects of the 2008 crisis, and investigates various steps the industry might take to mitigate the impact and turn the crisis into a great… Read More »Greensill: The lessons for credit insurers by Igor Zaks

Igor Zaks presents at BCR Receivables Convention in London

Igor Zaks

Igor Zaks, President of Tenzor Ltd. speaking at BCR Publishing 22nd Annual Receivables Finance International Convention, 26-27 May 2022, in London. As the global receivables finance sector’s premier event, RFIx’22 will bring together senior receivables finance executives from around the world, to discuss the industry trend during the current situation of recurrent lockdowns, disturbances of supply chains, and heightened ESG consciousness. Attending… Read More »Igor Zaks presents at BCR Receivables Convention in London

FCI panel recording: Post-Mortem Analysis on Greensill.

Igor Zaks

Igor Zaks, CFA, President of Tenzor Ltd., presented at the FCI (Formerly known as Factors Chain International) 53rd Virtual Annual Meeting 2021 22-23 September 2021. The panel focused on Greensill situation and its impact on supply chain finance, credit insurance, platforms, and funds. PANEL DISCUSSION: POST-MORTEM ANALYSIS ON GREENSILL AND OTHER CASES STUDIES: EXAMINING THE RISK FACTORS, THE ROLE OF… Read More »FCI panel recording: Post-Mortem Analysis on Greensill.

Receivables platforms- key considerations by Igor Zaks

Igor Zaks

Igor Zaks, Editorial Board Member of TRF News and President of Tenzor Ltd, describes below the key considerations for receivables finance platforms. Recently, we saw significant growth of receivables based platforms. Several major trends contributing to its growth are: Covid-19 move to digitalisation. With less face-to-face contact and perceived reduction of relationship component, more companies consider digital platforms as an alternative to traditional banks and… Read More »Receivables platforms- key considerations by Igor Zaks

Jens Noffke of La Roche interviewed by Igor Zaks

Igor Zaks

“Whether there’s a global pandemic or no global pandemic, if you need money, you need money.” Jens Noffke, Working Capital Lead, Global Procurement, F. Hoffmann-La Roche. Corporates are looking to find ways they can mobilise external capital and at the same provide a lower risk environment for those deploying risk capital. In advance of Consortia21, Igor Zaks, President of Tenzor,… Read More »Jens Noffke of La Roche interviewed by Igor Zaks

Bolero CEO, Andrew Raymond, interviewed by Igor Zaks

Igor Zaks

Being at the forefront of digital trade finance for the past 20 years Bolero has been instrumental in the development of blockchain structures. In advance of Consortia21, a major industry event by BCR Publishing, Igor Zaks, President of Tenzor, discusses with Andrew Raymond, CEO of Bolero: Progress in the building the corporate ecosystem Whether centralised registries are still fit for… Read More »Bolero CEO, Andrew Raymond, interviewed by Igor Zaks

Supply chain finance – some thoughts about fundamentals

Igor Zaks

Supply chain finance – some thoughts about fundamentals With recent events (Greensill, Carillion and Abengoa before), supply chain finance (SCF) got in the spotlight. Accountancy bodies (both IFRS and FASB) are looking into disclosure requirements, rating agencies (such as Fitch) into debt reclassifications, various government inquiries questioning its use, etc. While it appears so far knee jerk reaction was mainly avoided,… Read More »Supply chain finance – some thoughts about fundamentals