FGI Finance’s Chairman and CEO, David DiPiero, explains what to consider when selecting a foreign receivables partner



Yael Penn
Phone: 212.313.9616 x701

New York, NY – September 9, 2006 – David DiPiero, Chairman and CEO of FGI Finance (www.fgifinance.com), discusses with the ABF Journal everything that lenders should look for when seeking an international receivables financing partner.

Successfully expanding a business abroad means addressing a whole new set of operational and financial concerns, including extending more competitive payment terms to clients, accepting multiple currencies and minimizing credit and political risk, just to name a few. As a result, these businesses are searching for commercial finance companies that they can trust to partner with them.

According to DiPiero, a good international receivable financing partner, should have the capabilities to finance in all countries, finance and accept payment in different countries, provide credit protection to minimize risk, provide additional services (i.e. credit evaluation, underwriting potential risks in foreign markets, etc.) as well as be accessible and responsive.

This article talks about the most important items to consider when selecting your ideal partner for foreign receivable financing. The entire article can be found at http://www.fgifinance.com/news_and_media/pdf/abf_fgi_2007.pdf

About ABF Journal

The ABF Journal is a monthly trade journal for the commercial finance professional. It was the first independent trade finance magazine dedicated exclusively to the asset-based lending and factoring industries. www.abfjournal.com.

About FGI Finance

FGI Finance is a global commercial finance firm providing foreign receivable financing solutions and other financial services to mid-sized exporters, international service providers, and manufacturers worldwide. Headquartered in downtown New York City, FGI Finance has a presence in 6 continents.