Excellence Awards 2017 - Best Non-Bank Trade Services Provider: London Forfaiting Company

Awards | 31 July 2017

London Forfaiting Company

In a market beset by derisking correspondent relations by banks, receivables financing continues to be an opportunity for nimble operators. This awards category this year was extended and amalgamated to include non-bank trade services such as forfaiting and factoring alongside non-bank trade financing. The winner, London Forfaiting Company (LFC) was a popular choice among the voters and the editorial board.

Simon Lay, LFC's CEO, says, "LFC is proud to receive this award in its inaugural year; we are particularly pleased to have won in a group that included very strong competition."  

Indeed, that competition was from six nominees and the final shortlist included Falcon Group and Factors Chain International, who were highly commended.

Lay added, "I hope that such awards are a reflection of LFC's commitment to deliver bespoke forfaiting services to our growing client base, whereby diverse risk solutions coupled with an efficient and timely service, remain the core pillars of our business."

LFC was set up in 1984 to specialise in arranging and providing forfaiting and other non-recourse financing to exporters and importers. LFC is a wholly owned subsidiary of FIMBank.

Runners up: Falcon, Factors Chain International (six non-bank trade services providers were nominated).

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