{"took":2,"timed_out":false,"_shards":{"total":1,"successful":1,"skipped":0,"failed":0},"hits":{"total":{"value":276,"relation":"eq"},"max_score":1.0,"hits":[{"_index":"site_euf","_type":"_doc","_id":"Content-1","_score":1.0,"_ignored":["end_date","publish_end_date"],"_source":{"url":"index.php?option=com_content&view=article&id=1","route":"index.php?option=com_content&view=article&id=1:industry-overview&catid=16","path":"industry-overview\/industry-overview.html","title":"Industry overview","description":" Over the last twenty years factoring and commercial finance has established itself as an important form of finance for corporates, particularly the SME community. The unique structure and risk attributes of factoring and other types of commercial finance make it possible for these products to be offered where other more traditional forms of finance are either inappropriate or not available. Combined with the dynamic nature of factoring and commercial finance, which is directly linked to the performance of the funded company, this makes these solutions increasingly important within the current economic climate. The Factoring and Commercial Finance Industry has a proven track record in good risk management with a low \u201closs given default\u201d ratio, even when financing SMEs who are generally considered as higher risk. This unique aspect of the Factoring and Commercial Finance Industry offers a great potential advantage in terms of Risk Adjusted Capital Requirements as prescribed by the regulatory rules in Basel II. Factoring and Commercial Finance offer companies a flexible form of finance with the possibility of outsourcing credit and risk management , improving performance and quality, providing access to leading technology, and freeing up key resources for strategic developments. Factoring and Commercial Finance have proven to be consistent financial instruments which stimulate the growth and success of companies. The potential for this market to grow and overcome many of the issues that currently exist in terms of small businesses funding is great. However there are still issues that hinder development. The legal environment across Europe is very different and, amongst other things is a barrier to market development on a European scale \u2013 and this is just one example. With the creation of the EUF factoring associations across the EU have come together to join forces and combine resources to improve the availability of corporate finance and will hopefully surpass these obstacles. Factoring and Commercial Finance occupies a unique place in the world of finance. The global financial crisis of 2008, resulted in many companies, particularly SMEs, experiencing greater difficulty in obtaining traditional bank funding. Factoring and Commercial Finance Companies however are experiencing increasing levels of new business enquiries and are continuing to write more new business than ever before. The finance factoring companies provide is secured by the underlying receivables, or other assets. With a much reduced emphasis on the balance sheet a factor is able to provide significantly higher levels of finance to companies experiencing temporary difficulties or those experiencing liquidity problems as a result of strong growth. It is therefore not a surprise that the Industry has become a key source of funding not just for SMEs but for larger corporates. Other examles include the funding of MBI and MBO transactions, M&As and Larger Corporates requiring further working capital for growth or diversification. . . . . . Gwendoline de Viron","image":"images\/layout_2020\/industry-overview.jpg","indexdate":"2025-12-03 20:20:03","published":1,"state":1,"access":1,"featured":0,"language":"*","publish_start_date":"2009-07-29 21:09:03","publish_end_date":"0000-00-00 00:00:00","start_date":"2009-07-29 21:09:03","end_date":"0000-00-00 00:00:00","list_price":0.0,"sale_price":0.0,"cat_id":["Content:16"],"cat_state":1,"location":null,"taxonomy":[{"type":"Article","author":"Gwendoline de Viron","article_category":"Industry overview","publish_date":"2009-07-29 21:09:03","language":"*"}],"table":"Content"}},{"_index":"site_euf","_type":"_doc","_id":"Content-2","_score":1.0,"_ignored":["end_date","publish_end_date"],"_source":{"url":"index.php?option=com_content&view=article&id=2","route":"index.php?option=com_content&view=article&id=2:what-is-factoring&catid=16","path":"industry-overview\/what-is-factoring.html","title":"What is factoring?","description":" Sometimes referred to as a Full Service Factoring , this provides the complete answer to slow-paying customers, shortage of working capital and if needed, protection against bad debt losses. If credit protection is part of the Factoring agreement, it is referred to as \u201cnon-recourse\u201d Factoring . A Factoring agreement where the credit risk on the debtor remains with the seller is called \u201cwith-recourse\u201d Factoring . With a Factoring solution the Factor agrees to pay an agreed percentage of approved debts as soon as he receives an assignment, or notification, of the invoice. The percentage depends upon a number of factors, but 80-85% is common. The balance, less charges, is paid when the customer pays. This flexible finance keeps pace with business growth as the funding is dynamically linked to the turnover of the company. The Factor will also undertake all credit management and collections work, following an agreed credit policy designed to ensure faster customer payments without loss of goodwill. The savings in administration are substantial and faster customer payments mean lower levels of advances and lower interest costs. There will normally be a charge for the collections service and, if it is required, for bad debt protection; this will usually be expressed as a percentage of turnover. An offer of factoring will take the form of a formal quotation after the Factor gains an understanding of a business and the workload to be undertaken. For finance provided in advance of collections there is usually a discount charge calculated on the day-to-day usage of funds. It is likely to be comparable with normal secured bank overdraft rates. This type of finance is generally of interest to start-up and SME sized companies. Factoring is offered in all EU countries and is especially important in the more emerging EU markets. . . . . . Gwendoline de Viron","image":"","indexdate":"2025-12-03 20:20:03","published":1,"state":1,"access":1,"featured":0,"language":"*","publish_start_date":"2009-07-29 21:22:44","publish_end_date":"0000-00-00 00:00:00","start_date":"2009-07-29 21:22:44","end_date":"0000-00-00 00:00:00","list_price":0.0,"sale_price":0.0,"cat_id":["Content:16"],"cat_state":1,"location":null,"taxonomy":[{"type":"Article","author":"Gwendoline de Viron","article_category":"Industry overview","publish_date":"2009-07-29 21:22:44","language":"*"}],"table":"Content"}},{"_index":"site_euf","_type":"_doc","_id":"Content-3","_score":1.0,"_ignored":["end_date","publish_end_date"],"_source":{"url":"index.php?option=com_content&view=article&id=3","route":"index.php?option=com_content&view=article&id=3:invoice-discounting&catid=16","path":"industry-overview\/invoice-discounting.html","title":"Invoice discounting","description":" If a company already practices sound credit management, and has the staff and systems to generate rapid customer collections, some of the Factor\u2019s skills will not be required. However, there may still be a need to turn debtors into cash more rapidly and generate working capital from the sales ledger balance. Invoice Discounting is the ideal solution for this scenario. Immediate cash is available for up to 80-85% of approved invoices. However, responsibility for the sales ledger operation remains with the company\u2019s organization. The service is usually offered on a confidential basis without disclosure to debtors. Payments for outstanding invoices are paid into a bank account administered by the Invoice Discounter, after which the company is credited with the balance less charges. The administration charge may be a flat monthly fee or a percentage of turnover. A facility offer will take the form of a formal quotation after the Invoice Discounter gains an understanding of the business requirements. As in the case of Factoring, for finance provided in advance of collections there is normally a discount charge calculated on the day-to-day usage of funds. Again, it is likely to be comparable with normal secured bank overdraft rates. Invoice Discounting started in the eighties in the UK and is today offered in most of the mature markets of the EU. . . . . . Gwendoline de Viron","image":"","indexdate":"2025-12-03 20:20:03","published":1,"state":1,"access":1,"featured":0,"language":"*","publish_start_date":"2009-07-29 21:27:31","publish_end_date":"0000-00-00 00:00:00","start_date":"2009-07-29 21:27:31","end_date":"0000-00-00 00:00:00","list_price":0.0,"sale_price":0.0,"cat_id":["Content:16"],"cat_state":1,"location":null,"taxonomy":[{"type":"Article","author":"Gwendoline de Viron","article_category":"Industry overview","publish_date":"2009-07-29 21:27:31","language":"*"}],"table":"Content"}},{"_index":"site_euf","_type":"_doc","_id":"Content-4","_score":1.0,"_ignored":["end_date","publish_end_date"],"_source":{"url":"index.php?option=com_content&view=article&id=4","route":"index.php?option=com_content&view=article&id=4:reverse-factoring-or-factoring-to-supplier&catid=16","path":"industry-overview\/reverse-factoring-or-factoring-to-supplier.html","title":"Reverse Factoring or Factoring to supplier","description":" For this form of Commercial Finance, a contract is set up between the Factor and a (credit strong) buyer. Based on the solvency of the buyer and knowing the identity of his suppliers, in Reverse factoring the Factoring company contacts the suppliers and offers them a Factoring contract on one single debtor, the buyer. In Reverse Factoring the Factor signs a contract with the buyer who provides him with a list of approved invoices to be paid by the buyer in the coming weeks or months. This list permits the Factor to offer each supplier an option to discount (without recourse) their invoices. The supplier may accept this offer for the total invoices or for some of them or even refuse the offer. In this case, at maturity, the Factor will transfer the funds to the bank account of the supplier. If the supplier accepts the discount he must return the offer duly signed to the Factor who will make the advanced payment (fees and interest deducted), to the bank account of the supplier. With Reverse Factoring the supplier gets an extra funding line and the buyer outsources his payments workload. Reverse factoring is very popular in Spain where it represents 40% of the market. . . . . . Gwendoline de Viron","image":"","indexdate":"2025-12-03 20:20:03","published":1,"state":1,"access":1,"featured":0,"language":"*","publish_start_date":"2009-07-29 21:33:24","publish_end_date":"0000-00-00 00:00:00","start_date":"2009-07-29 21:33:24","end_date":"0000-00-00 00:00:00","list_price":0.0,"sale_price":0.0,"cat_id":["Content:16"],"cat_state":1,"location":null,"taxonomy":[{"type":"Article","author":"Gwendoline de Viron","article_category":"Industry overview","publish_date":"2009-07-29 21:33:24","language":"*"}],"table":"Content"}},{"_index":"site_euf","_type":"_doc","_id":"Content-5","_score":1.0,"_ignored":["end_date","publish_end_date"],"_source":{"url":"index.php?option=com_content&view=article&id=5","route":"index.php?option=com_content&view=article&id=5:maturity-factoring&catid=16","path":"industry-overview\/maturity-factoring.html","title":"Maturity Factoring","description":" In this form of Factoring the supplier receives the payment of the receivables on the due date or on a certain and fixed date, usually pre-agreed on the basis of the average payment period taken by the debtor. Maturity Factoring can be either with recourse or without recourse and allows the supplier to predict and optimize cash flows, to outsource the receivable management to a specialist and to extend payment terms (with a resulting positive effect on sales) with no supplementary costs. This form of Commercial Finance is often used in Italy. . . . . . Gwendoline de Viron","image":"","indexdate":"2025-12-03 20:20:03","published":1,"state":1,"access":1,"featured":0,"language":"*","publish_start_date":"2009-07-29 21:36:47","publish_end_date":"0000-00-00 00:00:00","start_date":"2009-07-29 21:36:47","end_date":"0000-00-00 00:00:00","list_price":0.0,"sale_price":0.0,"cat_id":["Content:16"],"cat_state":1,"location":null,"taxonomy":[{"type":"Article","author":"Gwendoline de Viron","article_category":"Industry overview","publish_date":"2009-07-29 21:36:47","language":"*"}],"table":"Content"}},{"_index":"site_euf","_type":"_doc","_id":"Content-6","_score":1.0,"_ignored":["end_date","publish_end_date"],"_source":{"url":"index.php?option=com_content&view=article&id=6","route":"index.php?option=com_content&view=article&id=6:what-is-asset-based-lending&catid=16","path":"industry-overview\/what-is-asset-based-lending.html","title":"What is Asset Based Lending?","description":" Asset based Lending or ABL is a logical extension of the sevices provided by a receivables financier. Instead of funding only the most liquid of assets, the debtors, the ABL provider will consider the client company's other assets such as raw materials, stock, plant and machinery and fixed assets such as property. The ABL lender will consider the overall value of the basket of assets and create a lending package based on their current (and ongoing ) value. ABL facilities are therefore generally more complicated structures combining revolving credit lines based on current assets with amortising loans based on fixed assets. ABL is accordingly used for bigger clients, typically in a restructuring or MBO situation. Syndication between ABL companies for very large facilities is very common. Asset based lending is a relatively new form of commercial finance originating from the US and at present is mostly offered in the UK. . . . . . Gwendoline de Viron","image":"","indexdate":"2025-12-03 20:20:03","published":1,"state":1,"access":1,"featured":0,"language":"*","publish_start_date":"2009-07-29 21:38:14","publish_end_date":"0000-00-00 00:00:00","start_date":"2009-07-29 21:38:14","end_date":"0000-00-00 00:00:00","list_price":0.0,"sale_price":0.0,"cat_id":["Content:16"],"cat_state":1,"location":null,"taxonomy":[{"type":"Article","author":"Gwendoline de Viron","article_category":"Industry overview","publish_date":"2009-07-29 21:38:14","language":"*"}],"table":"Content"}},{"_index":"site_euf","_type":"_doc","_id":"Content-7","_score":1.0,"_ignored":["end_date","publish_end_date"],"_source":{"url":"index.php?option=com_content&view=article&id=7","route":"index.php?option=com_content&view=article&id=7:euf-position-paper-on-late-payments-directive&catid=5","path":"news\/newsflash\/euf-position-paper-on-late-payments-directive.html","title":"Late payments directive","description":" EUF position paper on Late payments directive The EU Federation for Factoring and Commercial Finance welcomes Commission proposal to fight late payments Summary The EU Federation for Factoring and Commercial Finance (EUF) generally welcomes the new proposal to fight late payments as announced by the European Commission on 8 April 2009. The EUF agrees with the Commission\u2019s overall objective of improving the cash flow of European businesses, which is of particular importance in times of economic downturn. The EUF considers the Commission's initiative as an essential step forward that needed to be taken in order to address the challenges that come with the current financial crisis and its effects on the payment discipline of debtors resulting in delayed or late payments. In particular, it helps to prevent small and medium size enterprises (SME\u2019s), being the key players in a vibrant EU economy, from cash-flow shortages that could ultimately result in bankruptcy - all this as a result of debtors paying late. undefined . The factoring and commercial finance industry can provide essential services to better manage late payments, as highlighted in the European Commission's Impact Assessment. Over several decades, the factoring and commercial finance industry has demonstrated to be an effective way of providing alternative finance options for SMEs, often considered as a higher risk borrowers. Factoring and commercial finance offers companies the possibility of outsourcing credit and risk management; improving performance and quality; and freeing up of key resources for strategic developments. Given the industry's proven track record in good risk management, with a low \u201closs given default\u201d ratio, factoring and commercial finance is a consistent financial instrument which stimulates the growth and success of companies. The EUF sees the recast of the Late Payment Directive as a positive first step towards addressing payment issues in the EU. However, the EUF considers that this important pieceof legislation for businesses should be more thoroughly considered by relevant European stakeholders. Why late payments need to be addressed Late payments constitute a major challenge for businesses, with SMEs being particularly vulnerable. A delay on the payment carries the severe risk of liquidity constraints that affect the competitiveness and viability of the companies. Moreover, it increasingly leads to the economic failure of otherwise viable businesses, causing in some cases a series of bankruptcies across the supply chain of a particular sector. In times of economic crisis, this risk increases now that SMEs will find it more difficult to access financial instruments such as bank loans or short-term credit. These realities have negative consequences for the financial management of the enterprise, causing multiple cash flow issues. Late payments occur in the private as well as public sector. Another problem resulting from late payments is the large amount of time and expense involved in the collection of overdue debts. In the majority of the cases, cost caused by the extra administrative activities cannot be recovered, and many businesses prefer to avoid the additional administrative costs generated by chasing late payments or charging interest for late payments. Therefore creditors feel they are left with very little incentives to motivate debtors to respect timely payments. In this context, it is important to underline that it is an unfortunate reality that debt often runs the risk of not being paid, especially when it comes to cross-border business transactions. Enterprises consequently are more reluctant to do cross-border businesses for the simple reason that the uncertainty and the recovery costs increase considerably. Moreover, the reputational risk for many debtors is much lower when creditor and debtor are located in different EU Member States. As a result, trade credit insurance and other instruments coping with trade risk management are often used in cross-border trade,reducing revenue uncertainty but also absorbing an important part of the profit margin, in particular for small enterprises. Late payments have a negative effect on the functioning of the Internal Market, particularly in times of economic crisis. Even when more prominently manifested in some EU Member Sates compared to others, the deliberate extension of the payment due-date by customers\/debtors is becoming a worrying general practice across the EU. This is valid even in cases where debtors are in fact able (in view of their cash position) to settle their invoices in time. It seems that late payment is seen as an alternative way of financing. In view of the above, the EUF welcomes the proposal to recast the Late Payment Directive aiming at improving the cash flow of European business by providing creditors with the appropriate instruments that enable them to fully and effectively exercise their rights when paid late. The EUF also welcomes the establishment of shortened payment periods, the reinforcement of the disincentives to late payment by a flat-rate compensation from the first day of the delay, and in the case of B2B transactions, the possibility to claim late payment interest and a compensation of recovery costs. The EUF considers that such measures are necessary in order to comply with the principles of the Internal Market and to foster economic growth and competiveness in the EU, and generally welcomes the European Commission taking up the issue of late payments once more. However, we do have some concerns that this recast of the Late Payment Directive repeats many of the provisions already set out in Directive 2000\/35\/EC. Therefore, the EUF would like to see some further modifications introduced through the forthcoming discussions when it comes to the co-decision between the European Parliament and Council of Ministers. The EUF's is primarily concerned by the following We believe that stricter enforcement measures should be put into place as the Directive in its current statusmay not prevent (especially public) debtors from paying late. We see that some Member States are still facing difficulties in relation to the implementation of the previous Late Payment Directive. The current amendments made to the 2000\/35\/EC of the European Parliament and of the Council on combating late payment, we feel are not sufficient to ensure the public sector pay by required deadlines. We fear that the introduction of provisions establishing interests rates and compensation costs in favour of creditors, may not be sufficient to disincentivise late payers. The EUF also encourages decision makers to further address problems such as the enforcement of the judgement and titles, in particular with regard to the different enforcement costs amongst Member States, which are the main reason for putting creditors off when fighting for their rights. The EUF welcomes the reissuing of the late payments directive, but believes that this proposal to amend the existing directive will not bring about significant practical changes to the current situation unless further enforcement measures are taken into consideration simultaneously. The EUF is the Representative Body for the Factoring and Commercial Finance Industry in the EU. It is composed of national and international industry associations that are active in the EU. Factoring is a method of business financing: a company sells its accounts receivables to a factoring company at a discount in exchange for immediate liquidity with which to finance continued business. Factoring is especially attractive to small and medium-sized enterprises, particularly during periods of rapid growth, because cash flow is preserved and risk eliminated. Larger companies may also use Factoring services as a practical tool to provide additional working capital, by financing their domestic and international trade transactions. The EUF seeks to engage with Government and legislators to enhance the availability of finance to business, with a particular emphasis on theSME community. The EUF, acts as a platform between the factoring and commercial finance industry and key legislative decision makers across Europe bringing together national experts to speak with one voice. The EUF offers itself as a source of reference and expertise between the factoring and commercial finance industry and key legislative decision makers across Europe. Its aim is to provide legislators and policy makers with vital industry information to inform, influence and assist with the direction of existing and future finance legislation with a view to ensuring the continued provision of prudent, well structured and reasonably priced finance to businesses across the EU. . . . ","image":"","indexdate":"2025-12-03 20:20:03","published":1,"state":1,"access":1,"featured":0,"language":"*","publish_start_date":"2009-07-29 21:44:10","publish_end_date":"0000-00-00 00:00:00","start_date":"2009-07-29 21:44:10","end_date":"0000-00-00 00:00:00","list_price":0.0,"sale_price":0.0,"cat_id":["Content:5"],"cat_state":1,"location":null,"taxonomy":[{"type":"Article","article_category":"Newsflash","publish_date":"2009-07-29 21:44:10","language":"*"}],"table":"Content"}},{"_index":"site_euf","_type":"_doc","_id":"Content-8","_score":1.0,"_ignored":["end_date","publish_end_date"],"_source":{"url":"index.php?option=com_content&view=article&id=8","route":"index.php?option=com_content&view=article&id=8:an-active-platform-in-the-eu&catid=15","path":"what-is-euf\/an-active-platform-in-the-eu.html","title":"An active platform in the EU","description":" An active platform in the EU The EUF is the Representative Body for the Factoring and Commercial Finance Industry in the EU. It comprises national and international industry associations that are active in the EU. The EUF seeks to engage with Government and legislators to enhance the availability of finance to business, with a particular emphasis on the SME community. The EUF acts as a platform between the factoring and commercial finance industry and key legislative decision makers across Europe bringing together national experts to speak with one voice. The EUF acts as a source of reference and expertise between the factoring and commercial finance industry and key legislative decision makers across Europe. Its aim is to provide legislators and policy makers with vital industry information to inform, influence and assist with the direction of existing and future finance legislation. It seeks to ensure the continued provision of prudent, well structured and reasonably priced finance to businesses across the EU. The Factoring and Commercial Finance Industry has a valuable role to play in the EU economy and the EUF will work to engage in debate with regulators and legislators to ensure they are fully aware of the benefits that the Industry has to offer. The EU Federation for the Factoring and Commercial Finance Industry (EUF) was originally instigated in 2009 as a subdivision of the International Factors Group (IFG). Following the union of IFG with FCI, as from January 2016, it is now a subdivision of FCI, the Global Association for Open Account Trade Finance. EUF operations are delivered from the FCI Headoffice at Keizersgracht 559 1017 DR Amsterdam The Netherlands Tel: +31-20-6270306 Email: info(@)euf.eu.com 52.366,4.88681 FCI\u2019s Registered Office Keizersgracht 559 1017 DR Amsterdam The Netherlands . . . . . Gwendoline de Viron","image":"images\/layout_2020\/eu-platform.jpg","indexdate":"2025-12-03 20:20:03","published":1,"state":1,"access":1,"featured":0,"language":"*","publish_start_date":"2009-07-30 05:22:04","publish_end_date":"0000-00-00 00:00:00","start_date":"2009-07-30 05:22:04","end_date":"0000-00-00 00:00:00","list_price":0.0,"sale_price":0.0,"cat_id":["Content:15"],"cat_state":1,"location":null,"taxonomy":[{"type":"Article","author":"Gwendoline de Viron","article_category":"What is EUF","publish_date":"2009-07-30 05:22:04","language":"*"}],"table":"Content"}},{"_index":"site_euf","_type":"_doc","_id":"Content-9","_score":1.0,"_ignored":["end_date","publish_end_date"],"_source":{"url":"index.php?option=com_content&view=article&id=9","route":"index.php?option=com_content&view=article&id=9:objectives&catid=15","path":"what-is-euf\/objectives.html","title":"Objectives","description":" To represent the Industry with EU policy makers and to promote harmonization in the EU legal, fiscal and regulatory environment To promote an understanding of the benefits of factoring, receivables financing and ABL as an appropriate and flexible form of growth finance for companies To gather information and publish papers and statistics on industry related subjects To observe legal and EU Policy initiatives affecting the Industry and to lobby in favour of policy decisions that can support the growth and effectiveness of the Industry or lobby against initiatives that would create barriers for the Industry\u2019s growth or negatively influence the provision of this effective and efficient form of finance for business To encourage the establishment of factoring and commercial finance activities in all EU countries . . . . . Gwendoline de Viron","image":"","indexdate":"2025-12-03 20:20:03","published":1,"state":1,"access":1,"featured":0,"language":"*","publish_start_date":"2009-07-30 05:28:20","publish_end_date":"0000-00-00 00:00:00","start_date":"2009-07-30 05:28:20","end_date":"0000-00-00 00:00:00","list_price":0.0,"sale_price":0.0,"cat_id":["Content:15"],"cat_state":1,"location":null,"taxonomy":[{"type":"Article","author":"Gwendoline de Viron","article_category":"What is EUF","publish_date":"2009-07-30 05:28:20","language":"*"}],"table":"Content"}},{"_index":"site_euf","_type":"_doc","_id":"Content-10","_score":1.0,"_ignored":["end_date","publish_end_date"],"_source":{"url":"index.php?option=com_content&view=article&id=10","route":"index.php?option=com_content&view=article&id=10:mission-objectives&catid=15","path":"what-is-euf\/mission-objectives.html","title":"Mission & Objectives","description":" Mission of the EUF To act as a platform The EU Federation acts as a platform for its members to inform the key legislative decision makers of the activities of the EU-based factoring and commercial finance industry and the finance opportunities they provide. One voice Representatives of the factoring industry will be able to speak with one voice, and members will be provided with an in depth knowledge of the different regulatory outlooks relating to the factoring industry across the EU. To engage in a debate with main regulators The EU Federation provides legislators and policy makers with vital information from the industry which informs and influences the regulatory change agenda. Objectives of the EUF To represent the Industry with EU policy makers and to promote harmonization in the EU legal, fiscal and regulatory environment To promote an understanding of the benefits of factoring, receivables financing and ABL as an appropriate and flexible form of growth finance for companies To gather information and publish papers and statistics on industry related subjects To observe legal and EU Policy initiatives affecting the Industry and to lobby in favour of policy decisions that can support the growth and effectiveness of the Industry or lobby against initiatives that would create barriers for the Industry\u2019s growth or negatively influence the provision of this effective and efficient form of finance for business To encourage the establishment of factoring and commercial finance activities in all EU countries . . . . . Gwendoline de Viron","image":"","indexdate":"2025-12-03 20:20:03","published":1,"state":1,"access":1,"featured":0,"language":"*","publish_start_date":"2009-07-30 05:37:58","publish_end_date":"0000-00-00 00:00:00","start_date":"2009-07-30 05:37:58","end_date":"0000-00-00 00:00:00","list_price":0.0,"sale_price":0.0,"cat_id":["Content:15"],"cat_state":1,"location":null,"taxonomy":[{"type":"Article","author":"Gwendoline de Viron","article_category":"What is EUF","publish_date":"2009-07-30 05:37:58","language":"*"}],"table":"Content"}}]}}