Irrevocable Payment Undertakings and Buyer-Led Supply Chain Finance; Mass Confusion Abounds | Mayer Brown - Retained Interest
To embed, copy and paste the code into your website or blog: Many supply chain finance programs are structured on what is called a “buyer-led” or “buyer-focused” basis. In certain of these types of programs, although the bank or other financier providing the program (the “ Finance Provider”) may purchase accounts receivable represented by invoices or otherwise provide funding to a number of suppliers, the true customer of the Finance Provider is a single corporate buyer of goods and services (the “ Buyer”) for whom the program has been arranged (a “ payables finance program...
Source: jdsupra.com