EUFederation for the Factoring and Commercial Finance Industry

In this edition of EUF industry terminology, we explore "ACCOUNTS RECEIVABLE (A/R)". A legally enforceable claim for payment held by a business entity against its customer for goods supplied or services rendered in execution of the customer's order, and recorded on the balance sheet. Such claim generally takes the form of invoice raised by a seller and delivered to the customer for payment within agreed timeframe. Also called "Receivables". 🔁 Translations: French - Compte client German - Forderungen aus Lieferungen und Leistungen Greek - Λογαριασμοί Εισπρακτέοι Italian - Crediti verso clienti (A/R) Polish - Należności (brak odpowiednika w jęz. polskim) Portuguese - Contas a Receber Spanish - Cuentas por cobrar To learn more, visit https://lnkd.in/eey-8xfA #EUF #factoring #commercial #finance #europe FCI Fausto Galmarini

Discover the latest EUF Newsletter Summer 2024 Highlights include: 📢 Welcome from EUF Chairman, Fausto Galmarini 📢 EU-legislation regulating late payments – quo vadis?, Maggie Wessel 📢 Still on the growth path – 2023 factoring figures, Magdalena Ciechomska-Barczak, ACMA, CGMA 📢 The new ESG Committee, Antoine de CHABOT 📢 Winds of Change in Europe for Factoring?, Diego Tavecchia   Read more and download your copy via https://lnkd.in/e9hBmvuT #euf #factoring #commercial #finance

The Factoring and Commercial Finance Industry offers a wide range of products and services, which European firms extensively use to grow their businesses. The EU Federation for the Factoring and Commercial Finance Industry, as the industry's representative body in the European Union, wishes to contribute to the establishment of standard terminology concerning commonly used terms to improve communication and knowledge about the Industry across Europe. In this new series on industry terminology, we will discuss and explain the terms used in our industry. This week, we explore "Accounts Payable (A/P)". A legally enforceable liability to a creditor recorded in the balance sheet usually arises from purchases of goods and services and is evident by a received invoice due to be paid within an agreed timeframe. 🔁 Translations: French - Compte fournisseur German - Verbindlichkeiten aus Lieferungen und Leistungen Greek - Λογαριασμοί Πληρωτέοι Italian - Debiti verso fornitori (A/P) Polish - Zobowiązania (brak odpowiednika w jęz. polskim) Portuguese - Contas a Pagar Spanish - Cuentas a Pagar To learn more, visit https://lnkd.in/eey-8xfA #EUF #factoring #commercial #finance #europe FCI Fausto Galmarini

Today EUF released the 2023 European Factoring statistics! More details in the link #euf #europeanfactoring #statistics Fausto Galmarini https://lnkd.in/enE3dExk

Our Chairman, Mr Fausto Galmarini, will attend the FCI 56th Annual Meeting in Seoul from June 9 to 13. Mr Galmarini will feature in the panel discussion alongside FCI's Regional Directors and Managers to share the latest updates from our region. Join our chairman and register today via https://lnkd.in/eXH-k9vf #euf #factoring #commercial #finance #receivables

Following her re-election last month, our Vice Chair, Ms Maggie Wessel, would like to share a message. To find out more about the EUF and our work, visit www.euf.eu.com #euf #factoring #comercial #finance #receivables #legal

Following his re-election last month, our Chairman, Mr Fausto Galmarini, would like to share a message. To find out more about the EUF and our work, visit www.euf.eu.com #euf #factoring #comercial #finance #receivables #legal

EUF warmly thanks Mr Othmar Karas, first Vice-President of the European Parliament and EPP shadow rapporteur on the Banking package, for his intervention at the beginning of the panel moderated by Antoine de CHABOT, chairman of EUF ESG Committee and representative of Association française des Sociétés Financières. In this intervention on CRR and ESG, Mr Karas insisted on the importance of making progress on common understanding and reliability of data as a first step for a dedicated treatment of related exposures. From this perspective, transition plans, which the management bodies of institutions are, following CRR, required to draw up in order to deal with ESG risks, have full relevance.   The EUF's warm thanks are also dedicated to Mr Fabien Le Tennier, Policy Expert, Sustainable Finance, European Banking Authority (EBA), who brought key insights on transition plans aimed at demonstrating how institutions ensure robustness and readiness for the transition to a sustainable economy and on EBA doctrine and roadmap on ESG risks, as reflected in the corresponding pending EBA consultation.   Two high-level practitioners from the industry, Aurelien Viry, CEO of Société Générale Factoring, France, and board member of ASF, and Pierre-Olivier Maes, International Development and Sustainability Manager, BNP Paribas Factoring, emphasized how the industry has identified requests from businesses and is dedicated to accompanying clients in their transition walks to ESG, with strong concerns of general interest underpinning the orientations chosen. #euf #finance FCI

Last year, during the FCI 55th Annual Meeting in Marrakech, the IFC - International Finance Corporation unveiled its ‘Knowledge Guide on Factoring Regulation and Supervision’, which is now available to download. The main objective of this Knowledge Guide is to direct legal reforms supporting receivables finance, thereby promoting inclusive access to credit in emerging markets. Read more and download the guide via https://lnkd.in/eSq5ebw6 #fci #factoring #receivables #finance #regulation #ifc

On 21 and 22 March, FCI and the EUF hosted the 9th EU Factoring Summit in Vienna, Austria. This ninth Summit provided a unique opportunity for over 150 Industry Leaders to network and address topics that matter to the Factoring Industry. Find out more about what took place at the Summit via https://lnkd.in/e7gXfw68 #EUF #factoring #receivables #finance #commercialfinance