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Corona Bridging Loans (COL) for start-ups and scale-ups
04-05-2020 | by Rowan Hermes | Symbid
Since Wednesday, April 29, startups, scale-ups and innovative SMEs can apply for a special bridging loan, the Corona Bridging Loan (COL). In this blog we briefly explain what the COL is and what criteria a company must meet in order to claim the COL.
Blog is in Dutch language:
Op verzoek van het kabinet zullen de Regionale Ontwikkelingsmaatschappijen (ROM’s) de COL-regeling uitvoeren. De regeling is opgezet omdat veel startups niet in aanmerking komen voor de Noodmaatregel Overbrugging Werkgelegenheid (NOW), bij banken nauwelijks terecht kunnen en weinig voordeel hebben van de verschillende fiscale maatregelen van het kabinet.
De specifieke doelgroep voor de COL zijn startups, scale-ups en innovatieve mkb’ers die overwegend met extern eigen vermogen gefinancierd zijn. De COL is ook beschikbaar voor ondernemers die de afgelopen jaren groei gefinancierd hebben met intern eigen vermogen, maar zij mogen geen bancaire financieringsrelatie hebben (met uitzondering van een beperkte bancaire rekening-courantverhouding).
De verstrekte leningen zijn een noodinstrument, bedoelt om een tijdelijke overbrugging naar ‘break-even’ of een vervolgronde te verzorgen. Het geld mag niet gebruikt worden om andere leningen af te lossen. De bedragen zullen variëren tussen de € 50.000,- en 2 miljoen euro. Bij bedragen groter dan Є 250.000,- wordt er een cofinanciering van 25 % verwacht van aandeelhouders of andere investeerders. Het rentetarief is uniform 3 %. Aangezien er vaak snelheid gepaard is bij overbruggingskrediet streven de ROM’s ernaar om aanvragen onder de € 500.000,- binnen vier tot negen werkdagen af te handelen. Het streven voor grotere aanvragen is drie werkweken.
De criteria
Je komt met je bedrijf naar alle waarschijnlijkheid in aanmerking voor de COL als je voldoet aan de volgende voorwaarden:
Je bedrijf is niet actief in retail, horeca, kleine zakelijke dienstverlening en je bent geen zelfstandig ondernemer.
Je kunt een twaalfmaands-liquiditeitsoverzicht voorleggen waaruit de financieringsbehoefte als gevolg van de coronacrisis blijkt en aangeven hoe je de overbruggingslening voor de komende negen maanden aanwendt.
Je bedrijf viel op peildatum 31/12/2019 niet in de categorie ‘bedrijven in moeilijkheden’.
De lening wordt ingezet voor investeringskosten of werkkapitaal en de financiering voldoet aan de vereisten van het Fresh Money-beginsel.
De jaarrekeningen van 2018 en 2019 moeten beschikbaar zijn, net als het budget voor 2020 voor zover mogelijk.
Je kunt onderbouwen hoe je geprognosticeerde omzet terugvalt door de coronacrisis. De ROM’s kunnen hier een due diligence onderzoek naar doen.
Je moet aangeven welke maatregelen getroffen zijn om kosten te reduceren, waarbij ook het gebruik van andere overheidsmaatregelen meegenomen moeten worden.
Er moet redelijke comfort verschaft worden dat na het eerste jaar aflossing plaats kan vinden en de lening binnen drie jaar afgelost kan worden.
Kijk voor meer informatie, een uitgebreide Q&A en specifieke aanleverspecificaties op de website van ROM Nederland.
Source
Types of Money Transfer: All About Market Orders
01-05-2020 | treasuryXL | XE |
Last week, we explored the wonderful world of forward contracts. And for those of you who wanted to take advantage of a potentially favorable current exchange rate but didn’t need to make a money transfer right away, forward contracts could have been the answer to your transfer troubles.
But what happens if you want to make a future transfer, and the rates aren’t in your favor? Are you left with no option but to just sit tight and hope that the markets eventually move towards the rate that you want?
Don’t worry, that’s not your only option. Instead, you can set up a market order that will allow you to target your ideal rate.
What is a market order?
Remember how we described forward contracts as the “buy now, pay later” transfer option? Market orders would be the “buy now, transfer later” option.
When you make a market order, you can specify your target rate at which you’d like to exchange your currencies. The current rate doesn’t matter: the markets are constantly moving, and you’ll never know when your desired rate will be live.
After you’ve placed your market order and set your target rate, your work is done, and now it’s up to the markets. Once your rate is live, your money transfer will send, allowing you to transfer currency at your ideal rate.
What’s the difference between a market order and a rate alert?
If you’ve set up a rate alert before, you might think that this sounds a little familiar. And it’s true: both rate alerts and market orders are tools that can help you improve the efficacy of your future money transfers. The difference is all in their names.
When would I want a market order?
Depending on the currencies you want to transfer and what’s going on in the world at the time, your currencies could be subject to quite a bit of volatility. If you’re contending with frequent market motion, setting up a market order can help you to ensure that you’ll be able to make your transfer at the best possible rate, whenever that may be.
Market orders are also a great option for transfers that aren’t time-sensitive. Some transfers (such as bills or educational payments) need to be made by a certain date, but if your transfer doesn’t come with its own hard deadline, you can take advantage of market orders to make the most of your money in your transfer.
How do I set up a market order?
Ready to set up a market order? It’s no more complicated than sending any other money transfer. If you don’t have an account, take just a few minutes and sign up for your free account first. If you’re already registered, visit the Money Transfers page to learn more about how you can get started.
Get in touch with XE.com
About XE.com
XE can help safeguard your profit margins and improve cashflow through quantifying the FX risk you face and implementing unique strategies to mitigate it. XE Business Solutions provides a comprehensive range of currency services and products to help businesses access competitive rates with greater control.
Deciding when to make an international payment and at what rate can be critical. XE Business Solutions work with businesses to protect bottom-line from exchange rate fluctuations, while the currency experts and risk management specialists act as eyes and ears in the market to protect your profits from the world’s volatile currency markets.
Your company money is safe with XE, their NASDAQ listed parent company, Euronet Worldwide Inc., has a multibillion-dollar market capitalization, and an investment grade credit rating. With offices in the UK, Canada, Europe, APAC and North America they have a truly global coverage.
Are you curious to know more about XE?
Maurits Houthoff, senior business development manager at XE.com, is always in for a cup of coffee, mail or call to provide you detailed information.
Visit XE.com
Visit XE partner page
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Online Open Evening: Treasury Management & Corporate Finance by VU Amsterdam
| 30-04-2020 | VU Amsterdam |
VU Amsterdam, will host an Online Open Evening on May 13, to provide you with the opportunity to get to know more about the post-graduate programs. You will have the opportunity to ask questions by means of an online livestream webinar.
Continue to read about the Treasury Management & Corporate Finance program, and to register for the Online Open Event on Wednesday May 13, 2020 from 18:15 pm to 19:15 pm CEST.
Treasury Management & Corporate Finance
The post-graduate Executive Treasury Management & Corporate Finance program combines two finance disciplines, as these disciplines are inextricably connected and largely overlap:
It is a unique program that has been running for more than 20 years at VU Amsterdam. The curriculum consists of 6 modules, each comprising approx 8 lecture days on Thursdays (from 15:30 – 20:00). It is an intensive and efficient 18-month program. Participants successfully completing this post-graduate executive program are awarded with the title of Registered Treasurer, a well-known and widely recognized within the world of Treasury professionals.
This program offers the following key benefits
In order to learn more about this program, ask questions during a livestream webinar, get to taste the experience at Vrije Universiteit Amsterdam, our Partner VU Amsterdam, invites you to join the Online Open Evening.
Program
Date, time and registration
Date: 13 May, 2020
Start: 18:15 – 19:15 CEST
Register Now and safe your virtual seat