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, 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
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.
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
“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
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
Igor Zaks , President of Tenzor Ltd, published on the lessons from the Greensill crisis at TRF News, leading publication on factoring, supply chain finance, trade receivable securitization, and receivable based products Greensill – lessons in structuring and due diligence The collapse of Greensill Capital and the ripple effects from it caused multiple questions about underlying structures, roles of different… Read More »Greensill – lessons in structuring and due diligence
Igor Zaks, CFA, President of Tenzor Ltd., published an article, Greensill: Lessons, impact, and opportunities for insurers at The International Union of Credit and Investment Insurers, Berne Union.Greensill Capital’s recent problems have highlighted the many different products and industries that were somehow featured in its structures. Supply chain finance and credit insurance were dragged into the discussion. Based solely on public… Read More »Greensill: Lessons, impact, and opportunities for insurers
Igor Zaks, CFA, President of Tenzor Ltd., will present as a guest speaker at Georgetown University McDonough School of Business on 15 April 2021. We would be discussing the importance of suppliers’ financial health and supplier bankruptcies and also look at supply chain finance and its role and impact within supply chains. We will look at the impact of COVID-19,… Read More »Igor Zaks to Present at Georgetown University
Igor Zaks, CFA, President of Tenzor Ltd., will present at Greensill Fallout Webflash by BCR Publishing 11 March 2021: Greensill – a crisis for the SCF sector? The collapse of Greensill last week is once again raising questions about supply chain finance and the way it is operated. Are these questions justified? Has SCF been used by heavily leveraged companies… Read More »Igor Zaks to present at Greensill – a crisis for the SCF sector?