Die Umschichtungs- finanzierung

Since the beginning of the 1980s, international financial markets have been undergoing a structural change. While the attractiveness of bank loans is declining, innovative financing instruments are emerging as a new trend. It is becoming increasingly important for SMEs to engage with modern financing tools. By selecting the appropriate form of financing, not only can desired liquidity improvements be achieved, but important balance sheet ratios for their own rating can also be enhanced. This book focuses on the area of three off-balance-sheet financing forms from restructuring financing: Asset-Backed Securities, Factoring, and Sale-and-Lease-Back. Practical expert interviews aim to help verify scientific statements from the literature and, where necessary, supplement them. The work primarily emphasizes the balance sheet advantages of their application.