Finacity Facilitates USD 90 Million Receivables Factoring Program for ZIM Integrated Shipping Services
Aug, 2019 by FinacityFinacity Corporation (“Finacity”) has successfully launched a multi-jurisdiction trade receivables factoring program for ZIM Integrated Shipping Services Limited (“ZIM”), a company headquartered in Israel, allowing up to USD 90 million in funding from a leading Israeli bank.
Finacity provided origination, analytic and structuring support, and serves as the ongoing Program Administrator.
About ZIM
ZIM Integrated Shipping Services Limited is one of the world’s leading container shipping carriers. ZIM, established in 1945 and headquartered in Israel, operates a fleet of approximately 80 vessels and calls on more than 180 ports across the world on a weekly basis. ZIM is owned by Kenon Ltd (32%) and other financial institutions and ship owners (68%). For more information, please visit www.zim.com.
About Finacity
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual volume of receivables of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 175 countries. For further information, please visit www.finacity.com.
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