RE: PR3 Feb 2023 02:15
Thanks steveward for the link, I've found a translation....
From the non-possessory pledge liquidity of 7.7 billion for companies. The entry into force of the new instrument with the special register frees up new potential for access to credit for businesses.
The value of company stocks that can be monetized by Italian companies with the entry of the non-possessory pledge is close to eight billion euros. In fact, a week ago the regulatory process was completed for the entry into force of this instrument eagerly awaited by Italian companies and by operators in the credit sector.
This is a real guarantee that will allow entrepreneurs to more easily access the financing of their warehouse without renouncing to alienate, transform or otherwise dispose of the assets that compose it, i.e. without having to bind or deliver the goods given as guarantee. The last formal passage that allows the adoption of the new instrument was the provision of the Revenue Agency which made the computerized register operational for the registration and maintenance of non-owner movable pledges.
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Thanks to this register, all the operations relating to the pledge can be carried out electronically and quickly: registration, consultation by anyone, modification, renewal and cancellation.
From the point of view of banks and investors, the new regulation will facilitate the effective enforcement of the rights of secured creditors. The assets that may be subject to a non-possessory lien are movable assets, including intangible assets, and credits intended for or inherent in the running of the business, existing or future, determined or determinable by reference to their total value. All registered movable property is excluded.
The non-possessing pledge enables a new channel of
It is a revolution for the Italian industrial and manufacturing sector, which makes it possible to free up new resources in a moment of great uncertainty, allowing companies to attract investments for the disinvestment or financing of their warehouse. According to estimates made by Supply@Me Capital, a fintech active in the inventory monetization sector , the potential of inventories that could be monetized in Italy is worth 7.7 billion euros.
The calculation was made on the basis of all the Italian companies that comply with the criteria of the MEF decree n.114 of 25 May 2021 and which therefore can access the non-possessory pledge: access to companies in the manufacturing and industrial sector is conditional at the closure of the last three positive balance sheets, recording positive revenues deriving from the business activity. Of those considered, those having the necessary type and rotation of the warehouse were evaluated, since it is, for example, of fundamental importance that the warehouse rotates at least once a year to free up liquidity for the company.
Even the inventory monetization sector is facilitated by innovative solutions that manage to exploit the a
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