Data from May trading sessions shows invoice finance sector outperforming broader financial services by 3.2%, supported by high repayment reliability metrics. Technical charts display strong moving average convergence, hinting at sustained bullish sentiment. “She was recently promoted to that position and had only been doing that for three months, so she was new to that role and hadn't done any of those functions before. So, when she received this email from both people to whom she answers to, she was like I better address this email. However, she didn't stop to look at it and go, 'Is this reasonable? Are there any red flags in this email?'” said Converse. Several creditors listed could not be reached or immediately identified. The creditor with the second-largest exposure, at US$208mn, is listed as Trade Finance Company, but the UK-headquartered company of that name tells GTR it has not engaged in business with First Brands. The invoice finance sector is riding a wave of optimism as PMI data points to stronger manufacturing output, reducing payment default probabilities. Analysts suggest accumulating positions during minor pullbacks.
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