Marex Spectron, the global commodities broker, today announced a $10 million receivables finance facility with Royal Bank of Scotland (RBS), which was effective from 13 February 2017.
This is in addition to a $65 million working capital facility that is already in place with Lloyds Bank, Bank Leumi (UK) and Barclays Bank.
Ian Lowitt, Marex Spectron’s Chief Executive Officer, commented: “I am pleased to be expanding our group of funding banks to include RBS. This facility adds to the financial resources we can deploy to serve our clients and grow the franchise. “