DS-Concept Opens New Branch in Iceland
Iceland’s export-driven economy with fishing, energy and aluminum smelting as its staple industries, has become increasingly competitive as it benefits from a strong commitment to open market policies that facilitates dynamic flows of trade and investment.
With the opening of its new branch in Iceland, DS-Concept continues to strengthen its position as a leader in global trade finance. The new branch located in Reykjavik will service its growing client base of trading companies and processors in the seafood and consumer goods industries.
DS-Concept services Icelandic parent companies and foreign subsidiaries with both pre-export and export financing. The private lender provides financing on open account, L/C and documentary collections payment terms, to help accelerate its Icelandic clients’ cash flow and allows them to increase their turnover, take on larger purchase orders and experience faster growth.
“The services offered by DS-Concept are just what the Icelandic fishing industry needs: offices in key markets and local know-how, expertise in international supply chain finance and tailor-made solutions that allow companies to grow as they can focus on their core business,“ said Sveinn Reynisson, Country Manager of DS-Concept’s Iceland office.
Because of its international finance expertise and capabilities, DS-Concept is able to structure credit facilities for Iceland-based companies supplying the USA, Europe, UK, and Asia and transacting in USD, EUR and GBP.
“DS-Concept has been providing financing to the seafood industry, among other industries, for the past 17 years. Because of the large global network it has built over the years in this specific industry, DS-Concept is able to bring additional value, beyond fast funding and low borrowing costs, by introducing new buyers to Icelandic exporters,” said Rene Pastor, DS-Concept Group President of Global Commercial.
DS-Concept provides powerful and innovative international cash flow solutions tailored for global clients. Focused on the small and mid-market, its core product is non-recourse factoring and supply chain finance. The group maintains a network of offices and affiliates all over the world, including the USA, China, India, Hong Kong, UAE, Turkey, Bangladesh, Pakistan, Iceland, UK, Spain, Bulgaria, Hungary and the headquarters in Germany. Combining credit protection, collections, and financing into a single suite of trade finance products, DS-Concept brings streamlined, flexible and best-in-class services to the world's exporters.