Business
Launch of Global Inventory Monetisation Fund
Launch of Global Inventory Monetisation Fund.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9760H\n Supply @ME Capital PLC \n 09 August 2021\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN. \n \n \n \n \n \n 9 August 2021\n \n \n \n \n \n \n \n \n Supply@ME Capital plc\n \n \n (The \"Company\" or \"SYME\")\n \n \n Global Inventory Monetisation Fund launched;\n \n \n \n First full \n \n $40m of funding secured\n \n \n Supply@ME Capital plc, the innovative fintech platform which provides the Inventory Monetisation© service to manufacturing and trading companies, is pleased to announce the following key developments regarding its Group inventory funding activity.\n \n \n Global Inventory Monetisation Fund launched \n \n \n As stated in the recent 2020 Annual Report, following the acquisition of TradeFlow Capital Management Ltd (\"TradeFlow\"), the Company now manages three Open-Funding structures, in addition to the Bank-funding routes. The three open funding routes are: \n \n \n · \n the inventory-backed securitisation note programme, also distributed by StormHarbour Securities LLP;\n \n \n · \n a Shariah compliant investment product;\n \n \n · \n a new proprietary structure, which includes the two existing TradeFlow Funds of which Tradeflow is also the investment advisory company.\n \n \n With reference to the new structure, the Company is pleased to announce that it has agreed with Apex Group[1] to launch a comprehensive inventory monetisation fund, comprising four components (\"the funds\"):\n \n \n · T\n wo funds focussed on \"inventory in-transit\" monetisation (import/export transactions), advised by TradeFlow. TradeFlow has a positive track record over the past three years;\n \n \n ·\n Two new funds, focussed on \"warehoused goods monetisation\". These funds will also be advised by TradeFlow and will be focused on UK, UK Common law (including MENA region) and Italian monetisation transactions.\n \n \n It is expected that the Global Inventory Monetisation Fund will establish new components following the Group's business expansion (...