DS-Concept Provides $3 Million Factoring Facility to Garment Exporter in Bangladesh
DS-Concept Factoring, a global commercial ﬁnance company specializing in international non-recourse factoring, has provided a $3 million export accounts receivable facility to an entrepreneur-led garment exporter in Bangladesh. The client, who is experiencing growth in major markets such as the US and Europe, was limited by the ﬁnancing options offered by the local banks. DS-Concept will provide ﬁnancing on open account and discounting of deferred L/Cs. The client anticipates a factored volume of $25 million for 2016. The DS-Concept Groupmaintains 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.