The News Review:
- First Online Auction Marketplace Launches to Provide Capital …
- Ritchie Bros. attracts thousands of bidders to auctions in new and …
- Hungary cuts 6-w liquidity auction over poor demand
First Online Auction Marketplace Launches to Provide Capital …
MarketWatch
“Through its centralized, transparent marketplace, it is
transforming an industry that has long been based on one-to-one
relationships, effectively making the sale of commercial receivables a
completely transparent and globally competitive marketplace. ”
“Institutional investors around the world are constantly looking for new
classes of high-quality investments,” said Nic Perkin, co-founder and
president of The Receivables Exchange. “An online auction marketplace
represents an opportunity for them to gain access to a new investable
asset class of millions of businesses that can use the Exchange to drive
their growth. ”
“The Receivables Exchange allows us to extend our asset-based finance
investment strategies to include short-term receivables,” said Sam
Adams, managing director of Cedar Lane, a New York based asset based
hedge fund. “The Exchange offers a unique opportunity to obtain returns
better than money-market but with shorter tenures than the traditional
entertainment and media loan positions in our funds’ portfolios. Through
The Receivables Exchange platform we can invest funds on a short-term
basis to a qualified pool of Sellers at a more attractive rate of return
than cash alternatives without diverging from our investment strategy. ”
For more information about The Receivables Exchange and becoming a
Member, please visit.
Ritchie Bros. attracts thousands of bidders to auctions in new and …
SYS-CON Media, NJ
Auctioneers (NYSE and TSX: RBA), the world’s largest auctioneer of industrial equipment, attracted thousands of bidders to seven unreserved public auctions in four countries last week – including its first ever auction in Poland. The successful multi-million dollar equipment auction in Katowice, Poland on November 14, 2008 attracted hundreds of on-site and online bidders from 26 countries.
Related from Aviationmonster: Greece announces bidders for Olympic Airlines
Hungary cuts 6-w liquidity auction over poor demand
Portfolio, Hungary
7 billion worth of bids on HUF 30 bn 6-week discount treasury bills (D081231) at a liquidity auction on Monday. Considering the poor demand, the issuer sold HUF 10 bn less of the instrument than originally planned. The average yield was set to 12. 19%, and accepted yields were between 11. The KK’s next auction will take place on Tuesday (HUF 30 bn worth of 3-m bills).