Trésorier/Treasurer magazine - N°84 - Jan/Feb/Mar 2014 - (Page 60)
15 MINUTES WITH...
- Could you briefly describe CRX Markets?
In contrast to traditional single-bank financing or common
factoring options, we are offering a triple-win situation to
all parties involved. The Supplier is awarded with an earlier
cash inflow at a competitive discount, the Buyer stabilizes his
supply chain and may expand days-payables-outstanding
while the investor gets access to a new security with attractive short-term yields.
Fees and interest rates for credit lines are about to rise again
when banks further reduce their credit portfolios to meet Basel
III requirements. Following the trend to get less dependent on
Banks, US corporates already refinance by more than 75% via
the capital markets, corporates are actively searching competitively priced short-term financing alternatives. Through its
auction platform CRX Markets access to the capital markets and
a broad investor base for the trading of payables and receivables.
By providing a SaaS (Software-as-a-Service) solution we enable
corporates to achieve effective sales, which is less expensive
than the offerings of factoring companies and banks.
By sidestepping the current structures our team provides a fully
flexible funding solution that matches individual requirements
instead of subjecting corporates and suppliers to static credit
lines. At the same time, our pool of institutional investor is
rewarded with attractive returns on short term corporate risk.
The general process can be viewed above.
- What are the main advantages of the CRX platform?
LE MAGAZINE DU TRESORIER / TREASURER MAGAZINE - N°84 - JAN
/ FEV / MAR 2014
CRX Markets is a bank independent, multi-channel trading platform with its main focus on the optimization of the
cash-to-cash cycle by auctioning securitized trade receivables
and payables to the capital markets. Through its new highly
automated and integrated technology platform and a broad
pool of institutional investors, we makes short-term funding of
companies less costly, more competitive, transparent and liquid
than other available alternatives.
Due to the trading and securitization of short-term liabilities
and based on a flexible auctioning structure, the platform
creates an opportunity where each party involved benefits in
These benefits can be summarized as follows. The corporate
buyer of goods and services, next to the primary goal of ensuring a stable supply chain, transfers its own credit rating /
standing to its suppliers, thereby allowing its suppliers to
refinance themselves at the level of the buyer. Thus, financing of his supply chain neither affects the corporate buyer's
liquidity nor his debt capacity. In addition, the corporate
buyer can use the program to extend payment term (DPO's)
positively impacting his working capital and improves the
overall financing structure as well as its KPIs. Cash rich
corporates can also act as investors on the platform, thereby
enhancing their own returns on cash.
Table des matières de la publication Trésorier/Treasurer magazine - N°84 - Jan/Feb/Mar 2014
FINANCIAL HIGHLIGHTS Luxembourg Tax News
INTERVIEW Martin Sadleder- Treamo Business Consulting
15 MINUTES WITH CRX Markets
THE FINANCIAL RISK OBSERVATORY
Trésorier/Treasurer magazine - N°84 - Jan/Feb/Mar 2014