NORD/LB, one of the largest commercial banks in Germany, has gone live with its new securitization offering, serviced by BearingPoint and its refinancing solution ABS+.
NORD/LB offers its corporate clients a unique portal to upload and sell receivables in modern refinancing structures, enabling them to also monitor their performance and to receive a state-of-the-art reporting of their securitization transactions.
Eva Richau and Jürgen Timm, who together lead Supply Chain Finance in a leadership tandem at NORD/LB note:
NORD/LB chose BearingPoint for both its market proven receivables purchase solution ABS+ and their more than 20 years of experience in the securitization area. Over the next two years NORD/LB plans to structure more than 30 transactions by using the BearingPoint solution ABS+.
Jürgen Timm, Co-Lead Supply Chain Finance at NORD/LB
NORD/LB provides financing to help its customers to sustainably grow their businesses. By using the solution ABS+ customers will be able de-risk their balance sheet while optimizing Key Performance Indicators including the maximization of their free cash flow.
Eva Richau, Co-Lead Supply Chain Finance at NORD/LB
BearingPoint is thrilled to be NORD/LB’s partner to provide this unrivaled solution to the markets, whose modern and intuitive user experience is defined by three main features:
Global Senior Manager Communications
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