25-01-2020, 05:32 AM
Thanks v much @Albio . I see it’s based on promissory notes ie the legal action by the lawyers has already been accepted/approved by RvR (pls correct if wrong) and CF are bridging the lawyers’ payment from the agency.
I only place weight on a BBG to the extent of the capital adequacy of its provider (and have enough defaults to not pin hope on director/manager guarantees). Given that CF are a new co without sizeable (negative?) reserves yet, what are the assignment rights Debitum and individual investors have over the promissory notes being refinanced. Have your legal documents been tested yet - would you expect to make a claim as a creditor of the company or have security over ring-fenced invoices (as well as the Netherlands, how would you also expect this to occur in somewhere like Romania where another LO was recently onboarded)?
As CF grow and assume greater credit risk with plans for SME factoring, will you still be able regularly to monitor CFs loan book and balance sheet not going through D.N to evaluate BBG adequacy? Thanks.
I only place weight on a BBG to the extent of the capital adequacy of its provider (and have enough defaults to not pin hope on director/manager guarantees). Given that CF are a new co without sizeable (negative?) reserves yet, what are the assignment rights Debitum and individual investors have over the promissory notes being refinanced. Have your legal documents been tested yet - would you expect to make a claim as a creditor of the company or have security over ring-fenced invoices (as well as the Netherlands, how would you also expect this to occur in somewhere like Romania where another LO was recently onboarded)?
As CF grow and assume greater credit risk with plans for SME factoring, will you still be able regularly to monitor CFs loan book and balance sheet not going through D.N to evaluate BBG adequacy? Thanks.