Setting up a successful payables finance programme

Geoffrey Wynne was quoted in the article, "Setting up a successful payables finance programme," which was published in Deutsche Bank's 2nd edition of Payables Finance: A guide to working capital optimisations. Geoff's comments can be found on pages 23 and 26.

Geoff discusses how the reclassification of trade payables as debt could have serious implications for corporate buyers' loan covenants.