November 2023
Within Multi-Bank Intermediation the suppliers sell their receivables to an Irish SPV operated by CRX Markets. The SPV immediately on-sells these receivables to selected financing partners. While the financing partners are purchasing buyer approved receivables and directly obtain the Promise-to-Pay of the buyer, they only face one counterparty: the Irish SPV, very similar to the well-known bank participation model.
Discover everything about our new model in our whitepaper.
"Our new model is a strong sign for our commitment to connect with all relevant financing partners in the working capital finance ecosystem. At the same time, it will help us ensure we keep offering the broadest funding base to our corporate clients."
Florian Reis | Head of Capital Markets, CRX Markets
