FIMBank Addresses M.C.A.S.T. Conference

23.02.2006

Malta College of Arts, Science & Technology (M.C.A.S.T.) held its 4th Annual Financial Services Conference, on Thursday, 9th February 2006 in the Wignacourt Auditorium of the Institute of Water Technology, Luqa. 

The conference, which was organized by the Institute of Business and Commerce and the theme of the conference, was “Facing New Challenges in the Financial Services Sector”.    This year as in previous years FIMBank was invited to address the conference on Trade Finance.  Charles Wallbank, Senior Vice-President Head of Banking Operations and Elaine Ancilleri, Assistant Vice-President Head of Exports Section were selected to address the conference on behalf of FIMBank because of their expertise in their fields.

Ms Ancilleri’s presentation was titled “An Introduction to Trade Finance” and focused on the various methods of payments used in the finance of international trade and their respective advantages and disadvantages to the importer and exporter.

Mr. Wallbank commenced his address with a brief overview of FIMBank activities locally and globally and then went on to his presentation titled ‘Forfaiting and Factoring”.  This presentation described in detail the theory as well as the practical use of forfaiting and factoring as export financing mechanisms. 

Some 80 students and teachers attended the conference and both presentations were well received.  Following the conference Margrith Lütschg Emmenegger, President of FIMBank PLC donated a copy of her published and internationally acclaimed book “A Guide to Forfaiting” to the school library for the benefit of students who expressed an interest in furthering their knowledge on the subject.

FIMBank plc is a licensed institution based in Malta, which carries out the business of banking as a credit institution in terms of the Banking Act and is specialized in the provision of tailor-made trade finance solutions to customers, banks and individuals around the world, with a particular emphasis on the Emerging Markets. The Bank carries out structured trade financing and is geared towards the more complex trade transactions that require careful structuring and a more personalized service and approach. FIMBank Group includes London Forfaiting Company, UK and Global Trade Finance, India. The Group operates from offices in London, New York, Sao Paolo, Moscow, Istanbul, Dubai and Singapore.

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