The major benefit of syndication to Borrower is the large financing amount to be provided by a group of lenders for capital intensive project. Since all lenders share the same credit risk for a single transaction, Borrower do not have to approach and negotiate with numerous lenders to fulfil a single purpose substantial financing. Syndication loans save the time and most likely the cost of financing for Borrower. Imagine if a lender could save the time to conduct due diligence, terms negotiation and client acquisition, the lender would accept a lower lending rate due to saved staff cost and administrative cost…..(read more)
Syndication loan is a financing offered by a group of lenders who committed to provide a financing with the same terms and condition under a single financing agreement. The key benefit for a syndication loan lender instead of bilateral loan…….(Read more)
(27 Oct 2020 – Hong Kong) In Mar 2020, we signed a MOU with global financial data guru Refinitiv. After months of discussion and development, we now officially launch a brand-new corporate loan market information service. This unprecedented collaboration between a giant corporate and fintech startup is a significant event for Hong Kong as an international financial centre.
Singaporean residents can collect the improved reusable masks from May 26 for three weeks until June 14. This will be the third nationwide distribution of masks……(continue reading)
In the past two or three decades, with the development of free trade, people mobility and universal value, globalization undoubtedly…
(11 March, 2020 – Hong Kong) Eureka Holding Limited (“FinMonster”) is pleased to announce that it has signed a memorandum of understanding (MOU) with Refinitiv. This MOU establishes a Strategic Alliance to enhance FinMonster’s platform with market intelligence on the primary and secondary loan markets delivered by Refinitiv LPC. FinMonster is designed both to help businesses make informed and timely financing decisions, and to help banks efficiently expand their SME banking market share. (continue reading)
One of the most panic questions to business owner is the processing time of business financing generally take longer time than the business financing needs. In traditional commercial banks, the average time to funding of Corporate Lending (a general business financing term including SME financing) is generally around Three Months. The time to funding count from the financing application to funding deposited to bank account. From an experienced banker point of view, these processing cycle make sense as data collection, KYC, industry research, data verification, internal credit proposal parathion, credit approval negotiation and account opening all need time to process. From business owner perspective, these times is unacceptable as business needs change quickly and seldom has business can foresee the financing needs prior three months ago.(continue reading)
The outbreak of coronavirus has plagued all companies from start-ups, SMEs to corporates. When the going gets tough, the tough get going. As a newly Cyberport on-site incubatee, FinMonster will get through all the difficulties and help SMEs get better banking support through simplified loan origination progress and reduced credit risk. To echo our saying in Blog earlier, our disruptive mindset is to break through and make a better world.
Writer was exactly a Standard Chartered staff back to 2009. The only feeling of mine about the sponsorship to Liverpool is “Gosh, my year-end bonus is gone”. I believe a lot of people had similar feeling back on that day as year-end bonus substantially contributed the total compensation in banking back to the old day. Today, my feeling to the sponsorship is “Standard Chartered is the winner of recent Liverpool dominated global football era”. How Standard Chartered could make a good deal and foresee Liverpool would get a premier league champion and entitled a UEFA Champions League winner after 10 years? (continue reading)
With the escalation of the anti-extradition bill protest, some members of the community are advocating a public octopus strike to boycott the MTR Corporation. However, except for taxi, octopus seems to be the only electronic payment method available for most forms of transport in Hong Kong. This raises several questions: 1) There are many electronic payment methods in Hong Kong, including but limited to credit cards, Apple pay, Alipay, etc., but why the octopus is still the only solution to transportation payment, leaving alone cash? Meanwhile, Hong Kong as an international financial center, why many small shops and vendors still accept cash only, leaving not much sign of a “cashless society”? Recently, with the official launch of the Faster Payment System (FPS), Hong Kong seems to have taken a big step forward, but will it be enough to keep up with its foreign neighbors? (continue reading……)