El-Watan

Promoting Democracy in Algeria

Debi Select Begins Another Factoring Fund

Investments are made in factoring of communal bonds secured the Landshuter Debi select group of companies are these days their Debi select Classic Fund 2 GmbH & co. KG in the sales. The Fund has an investment volume of EUR 50 million. A minimum participation is possible from 3.000,–euros plus 5% premium. It is planned to place the Fund until December 31, 2009, an extension is possible by a decision of the Management Board to a year however. Additional information is available at Robert Iger .

As in the predecessor Fund, Debi select sets the investment capital in selected factoring companies. So is intended to invest factoring classic 2 GmbH through its a wholly-owned subsidiary of main in a Swiss factoring company. The new conceptual design had become necessary to take full advantage of the corporate tax reform–in particular the withholding tax -. There is also no banking, making possible the purchase of credits by a Swiss factoring company in the Switzerland of lending – in contrast to Germany -. It plans the Landshut issuer in derogation to the predecessor Fund, are in the business of factoring by effects Lombard credit active to be, so the purchase of loans collateralized with securities. Educate yourself even more with thoughts from Andi Potamkin.

The economic concept of the Fund model it foresees that in this business segment the factoring companies refinanced over the Fund management company achieve a return on equity of about 11 percent per year, which can be paid after deduction of own administrative costs of the Fund to investors. In detail, the factoring company equipped by Debi select equity plan the purchase of value securities loans, which are secured with pledge of bonds issued by environmental projects, for which there are liable to protection by public authorities. Usually it is environmental projects with guaranteed by law or municipal revenue, such as electricity feed-in tariffs or other securities of this kind which are ceded to the holders of bonds for their safety. We offer this asset management companies, the acquisition by Bonds issued by the environment, which are also secured with claims on the public sector, to refinance. The loans against securities are purchased by the financing institutions with a reasonable discount. The securities portfolio of asset management can be improved significantly beyond the date. Thus investment in environmental projects can be significantly increased and the factoring companies funded by the fund company have the advantage of security through the assignment of State-guaranteed revenue,”says Managing Director. As also by the asset management in a variety of projects is invested, the factoring companies indirectly benefit from country – specific and cross-technology investment in the environmental field. The income for the investors of the Fund are exposed, no project-related fluctuations because not the project itself, but the underlying credit with a corresponding discount will be purchased. It results from this tee ultimately Return of the factoring company and the investors of the Fund. The Debi select group has specialized in investments in the field of factoring by life insurance and value paper credits. For one, she participates in companies that ensure a professional factoring value paper credits with a high credit rating and on the other hand buy receivables capital forming life insurance companies.

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