Business News • MarketWire • Finacity Facilitates $55 Million Off-Balance Sheet (IFRS De-Recognition) Receivables Securitization Program for Greek Multinational Client

Finacity Facilitates $55 Million Off-Balance Sheet (IFRS De-Recognition) Receivables Securitization Program for Greek Multinational Client

Finacity Facilitates $55 Million Off-Balance Sheet (IFRS De-Recognition) Receivables Securitization Program for Greek Multinational Client

STAMFORD, CT--(Marketwired - Aug 21, 2014) - Finacity Corporation ("Finacity") announced today that it has facilitated the successful closing and funding of an innovative trade receivables securitization program for a Greece-headquartered multinational corporation. The securitization program will initially provide Finacity's client with cash proceeds of up to $55 million through the on-going purchase of trade accounts receivable.

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