About Us
InterCuentas Holding, Inc. (ICH) is a Panamanian company created on July 24, 2000, owner of InterCuentas technology and business model. ICH granted an exclusive license for the development of its business and technology model, in the territory of the Republic of Panama, to Mercado InterCuentas, S.A.
Mercado InterCuentas, S.A. is a Panamanian company created on June 25, 1999. It began operations in February 2001 as a factoring exchange, where it affiliated banks and factoring companies to buy and sell invoices between them. Later, in July 2009, it modified its business model to offer invoices certified by large local companies with low credit risk, directly to affiliated investors.
InterCuentas Holding Inc. created the Global ABCP Special Purpose Vehicle (SPV) in Guernsey which is the issuer of ABCPs and Bonds (Short and Medium Term Debt Securities), backed by invoices certified by affiliated Debtors, managed by a Swiss Paying Agent regulated by FINMA. These Debt Securities have a unique Swiss International Securities Identification Number (ISIN), are listed in the Swiss Stock Exchange Central Securities Depository (SIX-CSD) clearinghouse, and are held in custody and settled in Euroclear, for which they are regulated by the Swiss securities law.
Swiss financial center
SIX operates the infrastructure of the Swiss financial center, thus ensuring the flow of information and money between financial market players. SIX offers exchange, financial information and banking services with the aim of increasing efficiency, quality and innovative capacity throughout the entire Swiss banking and stock exchange value chain. SIX is also building a digital infrastructure for the new millennium. SIX connects financial market participants in Switzerland and around the world. The company is owned by around 120 national and international financial institutions that operate in the Swiss financial center.
Euroclear is a Belgian-based financial services company that specializes in the settlement of securities transactions, as well as the custody and servicing of these securities assets. It was founded in 1968 as part of J.P. Morgan & Co. to settle transactions in the developing Eurobond market.
Debtors
Investment grade private debtors, assigned by international risk rating agencies such as Moody’s, Fitch and Standard & Poor’s, manage to extend the payment term they have with their affiliated providers for free, obtaining between 30 to 90 additional days of credit, up to a 180 calendar days maximum. View more In addition, through us they can issue Commercial Papers and Bonds, obtaining financial costs lower than those obtained in their local banking markets, without the need to become public companies or having to comply with the demanding requirements of the Superintendency of Securities of their country. View less
Suppliers
Suppliers are able to sell their certified accounts receivable through a Prompt Payment Discount to Institutional Investors and Brokerage Houses, who buy the ABCPs backed by them, with a total cost lower than that offered by Banks and Factoring companies.
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Investors
Non-US and Non-Canadian Institutional Investors who buy our Swiss ABCPs and Bonds through Brokerage Houses obtain higher returns than other investment instruments of the same risk and term. View more View Less
GlobalABCP partner companies
GlobalABCP partner companies