An ‘accidental’ success - TFS was established in 2007 to finance a distribution contract of Brazilian wood pulp destined for the Mediterranean. After an initial year of supporting trade in excess of £10 million, TFS pursued a growth strategy as an export financier of both pulp and tissue paper. In addition to these commodities, TFS now supports exporters of vegetable oils, foodstuff, biofuels, chemicals and plastic commodities.
TFS supports international trade as follows:
EXPORT TRADE FINANCE - Assessing the credit risk of buyers and becoming a principal in the transaction, advancing working capital to the producers and extending credit terms to the buyers.
OUTSOURCING – Buy-side origination of commodities transactions, supporting contract-manufacturing agreements by financing the working capital cycle.
The Royal Bank of Scotland provides us with facilities in 45 countries across all continents. The UKEF and Lloyd's Atradius underwrite credit insurance policies for TFS.