• Numerous inquiries from existing and new business partners
  • Recent transactions include: Player transfer by a top European football club, export to West Africa, purchase commitment for German SME

The international sales units of DF Deutsche Forfait AG (Prime Standard, ISIN: DE0005488795) have received numerous new business inquiries from the company's partner network as well as from new business partners. The strong rise in demand is the result of increased sales activities launched as part of a 100-day programme following the removal of the company's name from the sanctions list of the US Office of Foreign Assets Control (OFAC) in mid-October.

Only recently the company financed a EUR 3 million tranche with a maturity of just under 12 months for a player transfer between two top European football clubs; the buyer's payment obligation is secured by a guarantee issued by a renowned European financial institution. Another transaction was realised in the promising West African market where DF Group purchased part of a supply transaction with a volume in the single-digit USD million range between a US IT company (exporter) and an African banking group (importer). Interested investors for placement have already been identified in the UK. The most recent transaction is a non-cash purchase commitment for a receivable held by a German mid-sized company against a Bangladeshi importer in the lower single-digit USD million range secured by a deferred payment Letter of Credit.

"The increased number of new business inquiries received in recent weeks demonstrates that our market continues to offer great potential and that our DF Deutsche Forfait brand reputation as well as our network of business partners remain intact. In selecting new transactions, we currently prefer to underwrite short-term, low-risk or already pre-sold transactions in order to strengthen our cash base in the rebuilding phase. Going forward, we will focus on expanding our financial capabilities for larger business volumes through the upcoming capital-building measures," says Marina Attawar.

Selected growth markets, particularly in Africa, currently offer significant opportunities for the DF Group, which can draw on many years of experience as a foreign trade financier in this region. In the past year alone, DF Group's business volume with African trading partners more than doubled from EUR 33 million to EUR 71 million.

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