30 Days payment terms to become law in Netherlands

The Dutch government is to bring in legislation reducing the maximum terms on which large companies can pay their SME suppliers from 60 days to 30 days. The change is one of the results of a reassessment of the current Large Business Payment Terms Act. That exercise...

SCF Tops the agenda for next IFRS meeting

The issue of supply chain finance is the first item on the agenda for the next meeting of the global accounting standards body, IFRS, on Tuesday 16th June. The meeting follows multiple requests for clarification from the largest accountancy firms and ratings agencies...

Overdue invoices soar during pandemic, says Slidetrade

Almost one 40% of invoices issued in the UK is overdue for payment, according to data from AI specialist Sidetrade. The company has tracked B2B invoices since January 2020 across France, UK, Spain, Italy, Belgium and the Netherlands. In the UK, on average, 30.4% of...

Ford signs with C2FO for early payment scheme

Ford Motor Company has launched a supply chain finance programme with C2FO to support its suppliers during the pandemic. The move comes after Ford prepared for the Covid-19 downturn by drawing down more than $15 billion from existing credit lines, issuing $8 billion...

LiquidX rolls out new platform with first trade

LiquidX has completed its first trade on its LiquidX 360 platform, which integrates its existing supply chain finance, accounts receivable and trade credit insurance into a single web-based platform. “Until today, corporate treasurers have relied on disparate,...

Danish export credit agency aligns with Tradeshift

The Danish Export Credit Agency (EKF) is working with fintech Tradeshift, to underwrite credit lines to exporters as part of the country’s support for businesses during the pandemic. Banks will be encouraged to offer favourable credit lines to large...