For some years now, credit platforms have developed in the area of lending to private customers (B2C) and to corporate customers (B2B). As part of a credit platform, a borrower is brokered online to a lender or vice versa. In Austria too, most banks have a so-called “online lending” and the topic “crowdfunding or crowdlending” […]
Our services Analysis and optimization of existing financing and formal review of contracts (conditions, rounding, contract clauses, interest surcharges, etc.) Creation of a balanced financing portfolio Financing alerts with the banks – we know the market and compare the financing parameters. Computational review of current cash flows (credit and leasing rates, interest rate adjustments, etc.) […]
Now that FRC-Finance & Risk Consult GmbH (FRC) has established itself as a well-known service provider for Austrian municipalities in the field of finance, FRC is starting a sustainable partnership with Kommunalnet. The purpose of this partnership is for the Austrian municipalities to gain sustainable know-how in the field of financing and risk management via […]
In the autumn of 2017, we informed you about the topic “negative interest rates”. Here we have the following update: In the meantime, many companies, municipalities and cities have asked the banks to book the negative interest rates on the credit accounts and also to carry out the future interest payments taking into account the […]
The City of Neusiedl am See has successfully used our services in financing. By analyzing existing loans and taking advantage of the still rather low interest rates, it was possible to achieve a high level of savings for the city. Read more here: Savings Municipality Neusiedl am See. If there are any problems with the […]
As is known, the interest rate for financing has declined significantly in recent years. The relevant interest rate indicators for variable-rate loans have, for years, fallen below the limit of 0 and are still negative (3M-EURIBOR since 2015, 3M-CHF-LIBOR since 2014). This favorable situation for borrowers is saddened by the fact that lenders often do […]
The route is the goal… Setting up processes Within the scope of their business activities, payment flows in foreign currencies also occur regularly for companies. For the management of these, predefined rules and processes should be developed. For this, it is necessary to analyze the processes in the company. Thus, payment streams should be centrally […]
News about the municipality finances … The Austrian municipal association published the Gemeindefinanzbericht 2015. In summary, it can be seen that the communities have done well. The total debt of the municipalities has declined slightly. Fortunately, the municipalities in Lower Austria and Burgenland have reduced their debt levels more clearly than the average of all […]
In October 2015, the Voranschlags- und Rechnungsabschlussverordnung 2015 (VRV) entered into force. This will lead to the introduction of a new budgetary law and will also require an account for all Austrian municipalities from 2019-2020. What is to be evaluated? The calculation of the value is aimed at both the collection of assets and the […]
Recently, we have reported on the current interest rate paradise for borrowers, with the headline also talking about a market dilemma [Blog 2016 09 02]. Do we now see this dilemma more quickly than many market participants believe? Inflation increase … How do you think? Currently it is said that the economy is growing too […]
