Securitisation of trade receivables in the steel sector

Banca Akros acted as Arranger.

The securitisation programme, with a maximum rotation amount of €30 million, relates to performing trade receivables originating from corporate clients of Banco BPM operating in the trade of steel and other non-ferrous materials with customers in various European jurisdictions.

Banco BPM performed the roles of Senior Noteholder, Sponsor and Account Bank.

The transaction underlines the importance of securitisation of trade receivables as a comprehensive and flexible financial instrument for companies, with the aim of optimising the management of working capital, diversifying the funding mix, and transferring the credit risk represented by the trade receivable portfolio off the balance sheet.

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