Daily News: March 27, 2015

DS-Concept Provides Factoring Facility to Beef Exporter

DS-Concept Factoring provided a $5 million export accounts receivable facility to a slaughterhouse in Brazil. The client, a family owned business, provides high quality beef to over 25 countries including the Magreb, Gulf States, Europe, China and Hong Kong.

DS-Concept will provide financing on TT, deferred payment LC and CAD payment terms and anticipates a factored volume of $50MM-$60MM for 2015.