Trade Finance Corporation Limited (TFC) has arranged some pre-export finance facilities for Shanghai Trayton Furniture Company Ltd. The company is a manufacturer of high quality leather and fabric sofas for large European and US furniture retailers with three factory production lines in Shanghai, China.
The company is a subsidiary of Trayton Holdings Ltd, owned by Danish entrepreneur Simon Lichtenberg who is also involved in the timber trading business.
Large retailers send purchase orders to Trayton for deliveries over the following 180/270 days. The finance covers the manufacturing period, voyage time and receivable period and is available on a revolving basis against approved purchase orders.
Funding and documentation handling is provided by a European bank in Hong Kong. TFC also acts as general financial consultant to Trayton.
TFC is a Hong Kong-based arranger and facilitator of structured trade finance and project finance.