The Irish Exporters Association (IEA) warned that many exporters have now reached a critical point in their cash flow management, as credit insurance underwriters have cancelled or substantially reduced the credit cover extended to them in Ireland.

“There is little alternative for many exporters in managing the cash flow requirements for their export orders, as the banks have tightened the conditions to providing credit, or guarantees to their clients, and securitization of exporters receivables is critical to survival in the current economic environment,’’ said John Whelan, CEO of the IEA.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.