Tradewind has closed a deal with a tire company based in China to provide a recurrent facility of $800,000 to support the company\u2019s export business to the USA. The supplier, whose products are sold globally, has additional branches in the United States, Africa, and Southeast Asia.<\/p>\n
With US buyers embracing open account payment terms, which give them longer windows to pay their invoices, the client faced increased financial pressure and risk, so it turned to Tradewind for help to overcome these challenges.<\/p>\n
Tradewind arranged a financing solution that expedited cash flow to the client, replenishing its working capital reserves, and at the same time provided credit protection that covered the risk of nonpayment due to buyer insolvency. It was Tradewind\u2019s flexibility that really shone through in the partnership, though.<\/p>\n
To avoid the blow of tariffs affecting the tire industry, the Chinese company moved its operations to its Southeast Asia branch. Based on the relocation, Tradewind adjusted their services in line with the move, financing invoices on exports from Southeast Asia, instead, and wiring funds to the company\u2019s account in the US.<\/p>\n
\u201cTradewind has extensive experience in the automotive and auto parts industry, which we used to customize an optimal financing solution for our client with a quick funding turnaround. We are especially happy to have leveraged our global presence and international capabilities and provide flexibility and security during a time of volatile trade conditions,\u201d states Ms. Li Fang, Sales Manager of Tradewind Shanghai.<\/p>\n
Tradewind maintains a network of offices all over the world, including Bangladesh, Bulgaria, China, Hong Kong, Hungary, India, Pakistan, Peru, Turkey, UAE, and USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible and best-in-class services to the world’s exporters and importers.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tradewind has closed a deal with a tire company based in China to provide a recurrent facility of $800,000 to support the company\u2019s export business to the USA. The supplier, whose products are sold globally, has additional branches in the United States, Africa, and Southeast Asia. With US buyers embracing open account payment terms, which […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","footnotes":""},"categories":[475,477],"tags":[624],"class_list":["post-30811","post","type-post","status-publish","format-standard","hentry","category-case-studies-hu","category-deal-announcements-hu","tag-automobile-hu"],"acf":[],"yoast_head":"\n