DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $1 million export accounts receivable facility to a sporting goods and accessories manufacturer in Pakistan. The client, exporting to Europe and North America, is implementing this facility to support the increased demand for open account payment terms from their overseas buyers. With the export factoring facility in place, the client anticipates an annual factored volume of $8MM-$10MM.
“We are excited to announce another manufacturing client with such a tremendous opportunity for international growth,” states Mr. Qaseem Jaffri, Managing Director of DS-Concept Pakistan. “Our non-recourse factoring product has been, and will continue to be, a great asset to the entire Pakistani manufacturing community.”
The DS-Concept Group maintains a network of offices and affiliates all over the world, including USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, UK, China and the United Arab Emirates as well as 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.