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Credit Suisse withdraws $10 billion from Greensill - Industry Leaders Magazine

Greensill Capital, supply chain finance — and where do we go from here?

Securitization + Trade Credit Insurance + Intercompany Borrowings who would have thought this would end badly? The future of the supply chain finance firm Greensill Capital is on shaky ground, and after our initial coverage of its impact on SCF, let’s look ahead. News about Greensill broke this week when an insurer gave notice of intention not to renew a policy, triggering uncertainty about Greensill’s value. The trade cover insurance provided to Greensill is in the order of US$4.6 billion, in respect to about 40 clients. This forced Credit Suisse Group AG to freeze a client fund that bought the debt and has rocked the supply chain finance industry.

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