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UniCredit introduces Trade Purchase for cross-border supplier financing of Corporate Clients

Starting from today, UniCredit is to offer its corporate customers Trade Purchase, an internet-based form of cross-border supply chain financing. This modern solution will significantly reduce both the costs that result from extended order-to-cash-cycles and the requirement for capital for companies engaged in national and international business. UniCredit is the first bank able to offer this alternative working capital enhancement method domestically and cross-border in all 22 European countries where it is active. With representation on a local level, there is full compliance with all the prescribed guidelines ("anti money laundering" and "know your client").

Markus Wohlgeschaffen, Head of Global Trade Finance & Services at UniCredit says: "In Trade Purchase we are offering every company with diversified sourcing strategies a modern and efficient tool that generates additional working capital leveraging on recurring trade/supply flows."

Trade Purchase will help buyers to further expand payment terms and at the same time enable the suppliers to receive funds from trade receivables earlier. This means that Trade Purchase represents a favourable form of transaction based financing in addition to traditional credit lines, without increasing bank debts in the balance sheet. Balance sheet ratios such as return on capital and return on net assets show improvement, with a resulting positive effect on the company's rating. At the same time, the payment process is made transparent, safe and efficient.

Milan, 11 December 2008


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