London UK – Channel Capital Advisors LLP (“Channel”) is pleased to announce the launch of a dedicated programme to finance trade receivables sourced from several of the world’s leading diamond wholesale companies. The programme has been established in response to a gap in the working capital needs of the top tier of this unique industry, following the repositioning of its traditional lenders.
Channel will specifically partner with Standard Chartered Bank to transfer some of the bank’s key diamond trading and polishing clients to the financing platform, Channel Finance SA. Channel Finance SA has been providing receivables-backed finance to the diamond industry since 2015.
Sean Hanafin, European Head, Global Corporate Coverage at Standard Chartered Bank, said, “We announced last year that we would be reviewing all our businesses and reducing risk concentration in certain sectors. We have been working with clients in the mid-stream diamond segment to identify solutions and help them maintain their access to capital. We are therefore very pleased to be partnering with Channel to facilitate a reliable, alternative source of term working capital and provide securitisation-type financing to these clients.”
Walter Gontarek, CEO of Channel added “The launch of this programme marks an important shared initiative for Channel, Standard Chartered Bank and the leading diamond wholesalers”.
“This programme matches well the working capital needs of the leading companies in this sector with the credit, yield and duration requirements of our investors” said Peter Clarke, Investor Marketing at Channel.
At Channel, we provide high-quality, privately originated asset-backed investment products by originating, structuring, and managing investments for leading institutional investors. We specialise in opportunities from issuers in specialty finance and the innovation economy.
For borrowers, we are a trusted partner in growth. Our expertise in structuring tailored financing solutions ensures you get the capital you need to scale, with a streamlined process and terms that work for your business. We are committed to delivering flexible, efficient, and growth-focused funding that empowers your success.
Contact:
Walter Gontarek, Chief Executive Channel Capital Advisors LLP
Tel: + 44 207 291 5160
walter.gontarek@channelcapital.co.uk
Website: www.channelcapital.co.uk
