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DS-Concept Provides Factoring Facility to Bangladeshi Garment Exporter

December 29, 2015, 07:28 AM
Filed Under: Exporter

DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $3 million export A/R 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.

"Bringing on our most recent Bangladesh-based export client confirms a trend we have seen in 2015-many Bangladeshi SME's have limited financing options available. The post-shipment bill discount facilities remain too small, restrictive and slow," states representative from DS-Concept Bangladesh office.

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.

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