Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, August 25 2020 - 23:30
AsiaNet
Private Trade Finance Firm, USEC, Issues Limited Private Placement Offering to Expand Trade Operations
GENEVA, August 25, 2020 /PRNewswire-AsiaNet/--

Geneva based international investment firm, United Securities Equity Corp 
(USEC) [http://www.usecinvest.com/ ]  has recently issued a new limited private 
placement offering in order to further strengthen its investment portfolio and 
stimulate trade activity in light of the widespread slowdown due to the corona 
virus pandemic.  USEC provides a specialized range of trade finance solutions 
to businesses across the globe.  This offering moves USEC closer to its goal of 
expanding their trade finance operations, potentially valued at $850M USD. 

With the support and guidance of the ICC (International Chamber of Commerce), 
USEC positions itself as a unique conduit to trade finance and investment 
opportunities for companies during this period of economic uncertainty. The ICC 
wishes to effectively alleviate some of the key disruptions caused by the novel 
coronavirus (COVID-19) pandemic.

In its April 6th 2020 memo [ 
https://iccwbo.org/content/uploads/sites/3/2020/04/icc-memo-on-essential-steps-to-safeguard-trade-finance-operations.pdf 
] the ICC is "calling on governments and central banks to immediately void the 
legal requirement for paper-based documentation, and to adopt the UNCITRAL 
Model Law on Electronic Transferable Records."  ICC's Secretary-General John 
W.H. Denton AO further clarified that, "The trade finance market is 
systemically important to the functioning of the global economy."

To this end, USEC is working diligently to fulfill the ICC's objective, by 
offering its services to businesses in search of non-traditional funding in the 
goal of helping with a speedy global economic recovery.  "As the global economy 
gradually recovers and opens for business again, trade companies may meet with 
funding constraints and require assistance to transact effectively," said Edgar 
Burke, USEC Chief Investment Officer.

USEC has enlisted the services of international advisory firm Mainsail 
Capmarkets [http://mscmkts.com/Home/RetailIndividual ] who will operate in the 
capacity of Exclusive Distributor for the Private Placement.

United Securities Equity Corp (USEC) is a Geneva based international investment 
firm, providing businesses across the globe with a specialized range of trade 
and finance solutions. 

If you would like more information about this topic, please contact Media 
Relations, Nelson Abraham, at +41 22 531 0013 or email media@usecinvest.com.

Logo - 
https://mma.prnewswire.com/media/1243377/United_Securities_Equity_Corp_Logo.jpg 


SOURCE: United Securities Equity Corp
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