{"id":1904,"date":"2016-09-11T19:32:36","date_gmt":"2016-09-12T00:32:36","guid":{"rendered":"http:\/\/35.174.253.60\/inicio\/"},"modified":"2021-09-07T16:29:19","modified_gmt":"2021-09-07T21:29:19","slug":"inicio","status":"publish","type":"page","link":"https:\/\/www.globalabcp.com\/en\/","title":{"rendered":"Home"},"content":{"rendered":"[vc_row css=&#8221;.vc_custom_1615220287901{padding-top: 10px !important;padding-bottom: 0px !important;}&#8221;][vc_column][vc_single_image image=&#8221;1563&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;.vc_custom_1615215451447{padding-bottom: 0px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1618946421401{margin-bottom: 0px !important;}&#8221;]\n<p style=\"text-align: center;\">GlobalABCP allows large Panamanian private companies (Debtors), which have local investment grade issued by an international risk rating agency such as Moody&#8217;s, Standard and Poor&#8217;s or Fitch, indirect access to the international short-term money market (money market) of a year or less.<\/p>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1615220296830{margin-top: 0px !important;padding-top: 0px !important;}&#8221;][vc_column] \n\n\n\n      <div class=\"about-page-content\">\n\n          <div class=\"container\">\n\n            \n              <div class=\"row feature-image\">\n\n                \n                  <div class=\"col-lg-6 col-md-6 col-sm-12 col-xs-12 text-center acurate\">\n\n                      <div class=\"about-featured-image\">\n\n                          <a href=\"#\"><img src=\"https:\/\/www.globalabcp.com\/wp-content\/uploads\/2016\/09\/about-image.jpg\" alt=\"\"><\/a>\n\n                      <\/div>\n\n                  <\/div>\n\n                \n                \n                  <div class=\"col-lg-6 col-md-6 col-sm-12 col-xs-12 acurate\">\n\n                      <div class=\"about-main-content\">\n\n                          <h4>About Us<\/h4>\n\n                          <h3>What We Offer<\/h3>\n\n                          <p>Debtors guarantee the issuance of Swiss Debt Securities for less than one year, typically Commercial Papers or Commercial Papers Backed by certified accounts receivable from their suppliers (Asset Backed Commercial Papers), which are sold to non US and non Canadian Institutional Investors around the world, through a GlobalABCP Special Purpose Vehicle.<\/p>\n\n                      <\/div>\n\n                  <\/div>\n\n                \n              <\/div>\n\n          <\/div>\n\n      <\/div>\n\n[\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; el_class=&#8221;about-page-content&#8221;][vc_column width=&#8221;1\/3&#8243;] \n\n\n\n    <div class=\"about-service\">\n\n      <div class=\"single-about-services\">\n\n          <div class=\"service-top\">\n\n              <ul>\n\n                  <li><a href=\"#\"><span class=\"flaticon-graph\"><\/span><\/a><\/li>\n\n                  <li><a href=\"#\">Suppliers<\/a><\/li>\n\n              <\/ul>\n\n          <\/div>\n\n          <p>Suppliers benefit from selling their certified accounts receivables through Early Payment Discount at a total cost lower than what a bank or factoring company charges them.<\/p>\n\n      <\/div>\n\n    <\/div>\n\n\n\n[vc_column_text]<div class=\"show_more\"><p class=\"wpsm-show\" style=\"color: #cc0000; font-size: 100%; text-align: left;\"> View more<\/p><div class=\"wpsm-content\">Without having to sign financing contracts, promissory notes, go through credit committees, present financial statements, credit references, go through credit analysis, or pay the FECI financing tax.  <p class=\"wpsm-hide\" style=\"color: #cc0000; font-size: 100%; text-align: left;\"> View less<\/p><\/div><\/div>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;] \n\n\n\n    <div class=\"about-service\">\n\n      <div class=\"single-about-services\">\n\n          <div class=\"service-top\">\n\n              <ul>\n\n                  <li><a href=\"#\"><span class=\"flaticon-finances\"><\/span><\/a><\/li>\n\n                  <li><a href=\"#\">Debtors<\/a><\/li>\n\n              <\/ul>\n\n          <\/div>\n\n          <p>Debtors receive free additional credit days, between 30 to 90 additional days, for a total of maximum 180 days.<\/p>\n\n      <\/div>\n\n    <\/div>\n\n\n\n[vc_column_text]<div class=\"show_more\"><p class=\"wpsm-show\" style=\"color: #cc0000; font-size: 100%; text-align: left;\"> View more<\/p><div class=\"wpsm-content\">Depending on the profit margin obtained between the Discount for Prompt Payment charged to the provider and the annual interest paid to the investor who bought the ABCP . The greater the profit margin, the greater the number of days of free credit that the Debtor obtains.<\/p>\n<p>If the Debtors have excess liquidity, they can continue to pay their accounts payable in the usual time and receive 50% of the profit margin of the interest spread, as a bonus for being forced to pay the trust irrevocably on a fixed date. <p class=\"wpsm-hide\" style=\"color: #cc0000; font-size: 100%; text-align: left;\"> View less<\/p><\/div><\/div>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;] \n\n\n\n    <div class=\"about-service\">\n\n      <div class=\"single-about-services\">\n\n          <div class=\"service-top\">\n\n              <ul>\n\n                  <li><a href=\"#\"><span class=\"flaticon-presentation\"><\/span><\/a><\/li>\n\n                  <li><a href=\"#\">Investors<\/a><\/li>\n\n              <\/ul>\n\n          <\/div>\n\n          <p>Investors receive higher annual returns than other short-term alternatives for the same level of risk.<\/p>\n\n      <\/div>\n\n    <\/div>\n\n\n\n[vc_column_text]<div class=\"show_more\"><p class=\"wpsm-show\" style=\"color: #cc0000; font-size: 100%; text-align: left;\"> View more<\/p><div class=\"wpsm-content\"> In addition, they have the option of investing in a new class of investment instrument, that of ABCPs guaranteed by large private Debtors with local or international investment grade. These investments do not pay income tax in Panama. <p class=\"wpsm-hide\" style=\"color: #cc0000; font-size: 100%; text-align: left;\"> View less<\/p><\/div><\/div>[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; css=&#8221;.vc_custom_1628687214422{background-image: url(http:\/\/review.globalabcp.com\/wp-content\/uploads\/2021\/03\/bgsection3.jpg?id=1629) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221; el_class=&#8221;en-version&#8221;][vc_column] \n\n    <div class=\"home-page-core-activities-area\">\n\n        <div class=\"container\">\n\n            <div class=\"row\"> \n\n                 <div class=\"col-lg-6 col-md-6 col-sm-6 col-xs-12\"><\/div>\n\n                 <div class=\"col-lg-6 col-md-6 col-sm-6 col-xs-12\">\n\n                    <div class=\"home-activities-area\">\n\n                        <h2>Why Us?<\/h2>\n\n                                           \n\n                              <div class=\"single-activities\">\n\n                                  <div class=\"media\">\n\n                                    <div class=\"pull-left\">\n\n                                      <a href=\"#\">\n\n                                        <span class=\"flaticon-presentation\"><\/span>\n\n                                      <\/a>\n\n                                    <\/div>\n\n                                    <div class=\"media-body\">\n\n                                      <h4 class=\"media-heading\"><a href=\"#\">Efficient business model<\/a><\/h4>\n\n                                      <p>We disintermediate the factoring market and short-term business financing. We implement a more efficient business model that minimizes costs, times, requirements and paperwork for Debtors, Suppliers and Investors.<\/p>\n\n                                    <\/div>\n\n                                  <\/div>\n\n                              <\/div>\n\n                                               \n\n                              <div class=\"single-activities\">\n\n                                  <div class=\"media\">\n\n                                    <div class=\"pull-left\">\n\n                                      <a href=\"#\">\n\n                                        <span class=\"flaticon-graph\"><\/span>\n\n                                      <\/a>\n\n                                    <\/div>\n\n                                    <div class=\"media-body\">\n\n                                      <h4 class=\"media-heading\"><a href=\"#\">Low Fixed costs<\/a><\/h4>\n\n                                      <p>We operate with fixed costs and profit margins much lower than those of banks and factoring companies, which allows us to charge less to Suppliers, pay more to Investors and share 50% of the profit with participating Debtors.<\/p>\n\n                                    <\/div>\n\n                                  <\/div>\n\n                              <\/div>\n\n                                               \n\n                              <div class=\"single-activities\">\n\n                                  <div class=\"media\">\n\n                                    <div class=\"pull-left\">\n\n                                      <a href=\"#\">\n\n                                        <span class=\"flaticon-piggy-bank\"><\/span>\n\n                                      <\/a>\n\n                                    <\/div>\n\n                                    <div class=\"media-body\">\n\n                                      <h4 class=\"media-heading\"><a href=\"#\">Transactions without tax<\/a><\/h4>\n\n                                      <p>Transactions of ABCPs issued in Switzerland are considered exempt from income tax for Panamanian Investors, as they are from a foreign source. They also do not pay the financing tax (FECI) for being a Discount for Prompt Payment, not financing.<\/p>\n\n                                    <\/div>\n\n                                  <\/div>\n\n                              <\/div>\n\n                              \n\n                    <\/div> \n\n                 <\/div>\n\n            <\/div>\n\n        <\/div>\n\n    <\/div>\n\n[\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; el_class=&#8221;home-faq-area&#8221; css=&#8221;.vc_custom_1611425765188{margin-top: 40px !important;margin-bottom: 40px !important;padding-top: 58px !important;padding-bottom: 58px !important;background-position: center !important;background-repeat: no-repeat !important;background-size: contain !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1602008377850{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 5% !important;margin-left: 0px !important;}&#8221;][vc_single_image image=&#8221;653&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;.vc_custom_1603732875605{margin-bottom: 20px !important;}&#8221;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text el_class=&#8221;faq-area&#8221;]\n<h2>How it Works?<\/h2>\n[\/vc_column_text][vc_tta_accordion active_section=&#8221;1&#8243; el_class=&#8221;special-accordion&#8221;][vc_tta_section title=&#8221;Electronic Financial Market&#8221; tab_id=&#8221;1615224628573-8b627f46-96a8&#8243;][vc_column_text]<span style=\"font-weight: 400;\">Swiss electronic financial market where ABCPs are traded backed by accounts receivable certified by public or private entities with investment grade, issued in local currency.<\/span>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;ABCP is issued by a Special Purpose Vehicle (SPV)&#8221; tab_id=&#8221;1615224715520-69d5c5bf-e1a5&#8243;][vc_column_text]A special purpose vehicle, also called a special purpose entity (SPE), is a subsidiary created by a parent company to isolate financial risk. Its legal status as a separate company guarantees its obligations even if the parent company files for bankruptcy. The GlobalABCP SPV is incorporated in Guernsey (a British Crown dependency located in the English Channel), governed under Swiss securities laws and is tax-free.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Administrator of the GlobalABCP SPV is regulated by the Guernsey Financial Services Commission&#8221; tab_id=&#8221;1631049402390-6365bd37-e999&#8243;][vc_column_text]The Guernsey Financial Services Commission is the regulatory body for the finance industry in the Bailiwick of Guernsey. It seeks to secure good regulatory outcomes with integrity, proportionality and professional excellence, thereby generating confidence in the Bailiwick as a jurisdiction.<\/p>\n<p>It is an independent public body funded entirely by the licensees that it regulates by charging them fees.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Paying Agent is regulated by the Swiss Financial Market Supervisory Authority (FINMA)&#8221; tab_id=&#8221;1615224628583-820b2340-1cd3&#8243;][vc_column_text]<span style=\"font-weight: 400;\">The Swiss Financial Market Supervisory Authority (FINMA) is the Swiss government entity responsible for regulating financial matters. This includes the supervision of banks, insurance companies, stock exchanges and brokerages, as well as other financial intermediaries in Switzerland. FINMA Switzerland&#8217;s primary function is to protect investors and maintain the integrity of the supervised securities markets.<\/span>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;The SPV may reject the admission of Institutional Debtors&#8221; tab_id=&#8221;1615224740703-9ef32609-fe11&#8243;][vc_column_text]The SPV may reject the admission of Institutional Debtors, Suppliers or Investors The SPV may reject admission of Debtors, Suppliers or Institutional Investors who do not comply with its Know Your Customer policies.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;It is transparent and secure&#8221; tab_id=&#8221;1615224803646-24bfc23a-dbd0&#8243;][vc_column_text]It is known who sells and buys, what quantities and at what prices, through Blockchain and Bloomberg.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Issues have Swiss ISIN numbers&#8221; tab_id=&#8221;1615224840404-d1f9ca7b-d346&#8243;][vc_column_text]The ISIN Organization offers management services related to International Title Identification Numbers (ISIN). ISIN uniquely identifies a security &#8211; its structure is defined in ISO 6166. The securities for which it is issued include securities, promissory notes, shares, and court orders. The ISIN code is a 12-character alphanumeric code. You can view it as a serial number that does not contain information to describe financial instruments but rather serves to uniformly identify a title for business and deal-signing purposes.[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; content_placement=&#8221;bottom&#8221; css=&#8221;.vc_custom_1615298758061{margin-top: 40px !important;background-color: #1976aa !important;}&#8221; el_class=&#8221;call-to-action-position&#8221;][vc_column][vc_row_inner][vc_column_inner][vc_cta h2=&#8221;Electronic Financial Market&#8221; color=&#8221;white&#8221; add_button=&#8221;right&#8221; btn_title=&#8221;Contact us&#8221; btn_style=&#8221;outline&#8221; btn_shape=&#8221;square&#8221; btn_color=&#8221;success&#8221; btn_align=&#8221;right&#8221; css=&#8221;.vc_custom_1620228365524{margin-bottom: 0px !important;padding-bottom: 0px !important;background-color: #1976aa !important;}&#8221; el_class=&#8221;call-to-action-color&#8221; btn_link=&#8221;url:%2Fen%2Fcontact-us%2F&#8221;]We offer ABCPs backed by accounts receivables certified by large investment grade private companies.[\/vc_cta][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[vc_row css=&#8221;.vc_custom_1615220287901{padding-top: 10px !important;padding-bottom: 0px !important;}&#8221;][vc_column][vc_single_image image=&#8221;1563&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;.vc_custom_1615215451447{padding-bottom: 0px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1618946421401{margin-bottom: 0px !important;}&#8221;] GlobalABCP allows large Panamanian private companies (Debtors), which have local investment grade issued by an international risk rating agency such as Moody&#8217;s, Standard and Poor&#8217;s or Fitch, indirect access to the international short-term money market (money market) of a year [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Global Commercial Paper Exchange Corp | Home<\/title>\n<meta name=\"description\" content=\"Indirect access to the international short-term money market of one year or less.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.globalabcp.com\/en\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Global Commercial Paper Exchange Corp | Home\" \/>\n<meta property=\"og:description\" content=\"Indirect access to the international short-term money market of one year or less.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.globalabcp.com\/en\/\" \/>\n<meta property=\"og:site_name\" content=\"The Global Commerce\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-07T21:29:19+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/globalabcp.com\/es\/#website\",\"url\":\"https:\/\/globalabcp.com\/es\/\",\"name\":\"The Global Commerce\",\"description\":\"Otro sitio realizado con WordPress\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/globalabcp.com\/es\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.globalabcp.com\/en\/#webpage\",\"url\":\"https:\/\/www.globalabcp.com\/en\/\",\"name\":\"The Global Commercial Paper Exchange Corp | Home\",\"isPartOf\":{\"@id\":\"https:\/\/globalabcp.com\/es\/#website\"},\"datePublished\":\"2016-09-12T00:32:36+00:00\",\"dateModified\":\"2021-09-07T21:29:19+00:00\",\"description\":\"Indirect access to the international short-term money market of one year or less.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.globalabcp.com\/en\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.globalabcp.com\/en\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.globalabcp.com\/en\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.globalabcp.com\/en\/\",\"url\":\"https:\/\/www.globalabcp.com\/en\/\",\"name\":\"Portada\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@id\":\"https:\/\/www.globalabcp.com\/en\/#webpage\"}}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/www.globalabcp.com\/en\/wp-json\/wp\/v2\/pages\/1904"}],"collection":[{"href":"https:\/\/www.globalabcp.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.globalabcp.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalabcp.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalabcp.com\/en\/wp-json\/wp\/v2\/comments?post=1904"}],"version-history":[{"count":33,"href":"https:\/\/www.globalabcp.com\/en\/wp-json\/wp\/v2\/pages\/1904\/revisions"}],"predecessor-version":[{"id":2181,"href":"https:\/\/www.globalabcp.com\/en\/wp-json\/wp\/v2\/pages\/1904\/revisions\/2181"}],"wp:attachment":[{"href":"https:\/\/www.globalabcp.com\/en\/wp-json\/wp\/v2\/media?parent=1904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}