Workshop on Factoring

Transcription

1 In Partnership with With the sponsoring of FCI WORKSHOP: Workshop on Factoring Jakarta / 6 April :30-17:30 FREE ADMISSION Venue: Four Points By Sheraton Jakarta Jalan M.H. Thamrin, Kav. 9 Jakarta, Jakarta Indonesia

2 More and more Indonesian MSMEs are now exporting overseas. They are competing with exporters in the ASEAN region. Export factoring is a very powerful tool which will help the Indonesian MSME exporter to compete not only with regional exporters but exporters worldwide as well. According to the White Paper published by the EU Federation of Factoring and Commercial Finance, factoring is used primarily by MSME and it also provides working capital to businesses that drive the true economy. In addition, according to a study by WTO, international factoring enables MSME to have access to international trade. During this workshop, you will learn the fundamentals of both domestic and international factoring, the benefits of factoring to MSME and the risks and controls of factoring. THE AUDIENCE The Conference is aimed at an audience of professionals from Indonesia, and particularly towards: Factoring companies Financial institutions Official organizations Banks FCI was set up in 1968 as an umbrella organisation for independent factoring companies around the world. Today it has grown into the world s representative factoring network and association with more than 400 members in 90 countries. In 2016 the activities of IFG (International Factors Group) were integrated into FCI. Today, FCI is truly the global representative body for the Factoring & Receivables Finance Industry. FCI s Vision is to be the Global Association for the Open Account Receivables Finance Industry. FCI Mission Statement: Receivables Finance is the core focus of the association and includes Factoring, Invoice Discounting and other Supply Chain Finance solutions. FCI has two main activities and value propositions: 1. FCI facilitates and promotes International Factoring through a Correspondent Factoring platform. 2. FCI is the Global Industry Association for Open Account Receivables Finance FCI actively supports the growth of the Industry and works jointly with policy makers and stakeholders worldwide FCI promotes best industry practices through education FCI publishes Information & Statistics about the Industry FCI endorses financial stability, the prevention of financial crime and respect for regulatory compliance and conduct 2

3 CONFERENCE PROGRAM THURSDAY 6 APRIL :30 The following topics will be covered during the workshop: Introduction to factoring The Fundamentals of factoring International factoring Factoring Operation 1. Risks and controls 2. Sellers an buyers selection How a good system helps in a factoring operation Agenda Speakers : Peter Mulroy, Secretary General, FCI In his role as Secretary General, Mr. Mulroy assists banks, regulators and governments introducing the concept of factoring and explaining its role. He addresses audiences around the world on the subject of factoring and international trade and is generally regarded as an ambassador for the factoring industry. Prior to joining FCI, Peter was Senior Vice President, International Regional Manager and Managing Director with CIT s Trade Finance unit in the US, one of FCI s original founding members. Peter also served on the management committee of CIT, supporting the global growth strategy of the company. Peter is a past Chairman of FCI, and served on the FCI Executive Committee for over a decade. He has previously been working and living in Europe and the Middle East. Peter has a Bachelor s Degree from Rutgers University in New Jersey, and an MBA from Thunderbird, School of Global Management in Arizona. He also studied at the Universität Konstanz in Germany. Lee Kheng Leong, Asia Chapter Director FCI Prior to joining FCI, Kheng Leong worked at DBS from 1978 to He started DBS Factors, an independent Factoring company which was a subsidiary of DBS Bank. In 2001 DBS Factors was absorbed into DBS Bank and Kheng Leong became the SVP and Head of regional factoring. In 2012, he became the Managing Director of Bibby Financial Services ( Singapore) Pte Ltd. In July 2015, he was appointed the Asia Chapter Director of FCI. He acquired his factoring knowledge through training attachment with factors in the US and UK. Kheng Leong was also active in many FCI activities and he was a member of the marketing committee and education committee. At DBS he was involved in the training of new factors in China, Taiwan, India and Indonesia. In his current role, he travels all over the Asian countries to expand the existing membership and to develop the emerging markets. Neo Ban Seng, Managing Director, KAPPS consulting Singapore Neo Ban Seng is a former Partner of KPMG Advisory LLP. Ban Seng has more than 30 years of Technology Consulting experience, and has worked with organizations on mission critical applications in various industries covering Banking & Finance, Hospitality, Real Estate, and Manufacturing. One of Ban Seng s key focus is to assist banks, financial institutions, and factoring companies with their Factoring business initiatives. In this, KAPPS Factoring System, which was first developed in the 1990s, has been significantly enhanced over the years to meet the changing requirements of this industry. It covers a wide range of services and functions for both Domestic, Export, and Import Factoring handling both invoice-by-invoice and pool financing. In addition, it incorporates an I-Access module which allows for selfservicing by clients in invoice submission, request for funds, and a suite of client enquiry functions. KAPPS Factoring System FactorGo is available on monthly rental/subscription basis for a low cost start up. KAPPS Factoring System is being used by major banks in the region including Singapore, Indonesia, Malaysia, India, China, Hong Kong, and Taiwan. 3

4 LOCATION The conference will take place at the Four Points By Sheraton Jakarta Jalan M.H. Thamrin, Kav. 9 Jakarta, Jakarta Indonesia FREE REGISTRATION Accommodation, travel and personal expenses are at the expenses of the attendees. The conference will start with a welcome lunch at 12:00. REGISTRATION DEADLINE Please register by 20 March 2017 at the latest. Please note that due to the limited number of places, we will accept a maximum of two participants per company. INFORMATION For all information, please contact the FCI Secretariat: T: +32 (0) F: +32 (0) E: CANCELLATION POLICY Should you be prevented from participating in the workshop, please let us know as soon as possible, so as to allow other participants to join. In the event that a speaker cancels his participation, every effort will be made to find a replacement presenter of equivalent experience. Program details or the actual organization of the event are subject to changes depending on the number of participants. A final program and confirmation will be sent to the participants 7 calendar days before the event. 4

5 Please send the form duly filled and signed to the FCI secretariat: REGISTRATION FORM Workshop on Factoring Dates: 06/04/2017 Location: Four Points By Sheraton Jakarta (Indonesia) COMPANY Company Name: Address (for non-member): City: Zip Code: Country: DELEGATE 1 Title: Mr. Mrs. Ms. Surname: First Name: Position: Branch office / Department: Special wishes for meals for health or religious reasons: DELEGATE 2 Title: Mr. Mrs. Ms. Surname: First Name: Position: Branch office / Department: Special wishes for meals for health or religious reasons: PLEASE TICK THE APPROPRIATE BOX(ES): I will attend Thursday 6 April 2017 workshop In the event that a speaker cancels his participation, every effort will be made to find a replacement presenter of equivalent experience. Program details or the actual organization of the event are subject to changes depending on the number of participants. A final program and confirmation will be sent to the participants 7 calendar days before the event. In case of cancellation of the event, there will be a full refund of already paid registration. Name (CAPITAL LETTERS): Date: Signature (Mandatory):