On these pages we have set out the most important information for our business partners. You can find more information on these and other topics in our latest corporate report.
For previous annual reports and further important information, please visit our Media Center.
non-recourse forms of funding, loans and internally sourced funding from free cash flow
worldwide
is on a non-recourse basis
CHG-MERIDIAN´s financial strength is the result of our strong market position and the consistent pursuit of our strategy.
In accordance with our values, when it comes to funding the CHG-MERIDIAN core business we always pay close attention to innovation, risk diversification, and a down-to-earth approach.
Our funding requirements arise from our business activities: On the one hand this consists of providing customers with Consulting and support regarding technologies and services, on the other it comprises the right of use of assets.
The three main sources for the funding that we require are, to a varying degree depending on corporate strategy and the market situation: Non-recourse funding (e.g. forfaiting), loans (bilateral bank credit lines and syndicated loans), and our own net worth and free cash flow (internally sourced funding). When funding the volume of lease originations, we primarily focus on matching maturities. Here, CHG-MERIDIAN collaborates with a number of funding partners at regional and international level.
The wide range of funding instruments and funding partners used ensures that CHG-MERIDIAN sustains a broad-based funding model.
The sale of receivables without recourse – also known as forfaiting – remains one of the funding mainstays for CHG-MERIDIAN’s core business. At group level, at least 60 percent of the annual volume of lease originations is covered by non-recourse funding sources.
In addition to bilateral loan facilities from banks and savings banks, CHG-MERIDIAN is also able to access syndicated loans involving savings banks and credit cooperatives to fund its volume of lease originations.
Since 2013, CHG-MERIDIAN has also been financing part of its liquidity through currently four bonded loans placed with a wide circle of investors renegotiated annually.
All of these loans are granted without the need to provide additional collateral due to what are in some cases very long-standing business relations with the funding partners.
Have you got any questions on finance and treasury at CHG-MERIDIAN? Please get in touch with your own personal contact directly. We look forward to hearing from you.
EVP Finance Central Europe