It was presented today in Rome, in the Sala Pininfarina of Confindustria as part of the conference "Without exports there is no future", The fund promoted by Comoi, with Prometeia as advisor, which promotes a first sector aimed at supporting Italian exports. The CO.MO.I. Group is a financial group established in 1985 on the initiative of professionals from the banking world. The Group is present in Italy, Switzerland and Luxembourg and assists corporate customers mainly in exchange activities and foreign investments.
The fund will help Italian companies compete more effectively on foreign markets, allowing them to offer long-term payment extensions to buyers of goods and services. The bottom, which is called CO.MO.I. FUND SCA SIF SICAV (SIF), will invest in trade finance receivables, or payment obligations (letters of credit) issued by the banks of the importing countries is involved in commercial transactions. The SIF will operate by purchasing receivables without recourse, calculating a net proceeds at the time of purchase based on the characteristic elements of the export operation. In this sense, the exporter will obtain the benefit of freeing up his entire credit, freeing himself from the risk. The payment flows will generate the yield structure of the SIF.
The fund, intended only for institutional investors (especially ai pension funds that manage a significant part of national savings), is the first fund of its kind in Europe. The target is to achieve a synthesis between the objective of these funds to optimize the flows of their investments in the medium-long term and an effect of social utility important as financial resources are put into circulation in the productive fabric of the country.
The complete press release is attached.
Attachments: Comoi export fund CS 25 09 2012.pdf
