Justin A. Brownhill of The Receivables Exchange Elected to Board of Association of Trade & Forfaiting in the Americas (ATFA)

NEW YORK--(BUSINESS WIRE)--

The Receivables Exchange (TRE), the leading online marketplace for U.S. receivables sales, today announced that its co-founder and CEO, Justin A. Brownhill, has been elected to the Board of Directors of the Association of Trade & Forfaiting in the Americas (ATFA) during the organization's Annual General Meeting in New York.

ATFA is a not-for-profit association of trade finance professionals that promotes informational exchange regarding the best practices of global trade finance in the Americas.

Brownhill joins two other new additions to ATFA's esteemed 11-member board: Agnes Alderson, Vice President of Structured Trade Credit at ACE Global Markets Political Risk and Credit, and Mike Lonie, Vice President of the Global Trade Finance Division at Mizuho Corporate Bank. Remaining Board members include executives from Wells Fargo Bank, Bank of America Merrill Lynch and Standard Chartered Bank as well as other leaders in trade finance. ATFA's new president is John Weinshank, Senior Vice President, China Construction Bank, New York.

“As a premier electronic marketplace for receivables financing, TRE is a major advocate for widespread adoption of the online model in trade finance which will increase market efficiency. TRE has been a long-time valued member of ATFA,” Weinshank said. “I am pleased to welcome Justin to our Board of Directors, along with Agnes and Mike. Justin and his colleagues have built from scratch an innovative new approach to receivables financing, and his perspective will be highly valued as one of the few ‘non-bank' members of our Board.”

Represented among ATFA's 78 members are Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Credit Suisse, GE Capital, JP Morgan, Bank of Montreal, Banco Bradesco, and other major providers and insurers in the trade finance space such as FCIA, Marsh and QBE. The Receivables Exchange has been a member of ATFA since 2008.

ATFA Board initiatives for 2012 include the planning of seminar-receptions in New York, Sao Paulo, Panama, Toronto and Houston, as well as the convening of its 15^th Annual Conference in Miami (in May). The Board will support and promote a series of industry events with media partners, including Euromoney's Structured Trade and Export Finance conference (in March). The Board will also oversee the creation of an Advisory Board composed of several past presidents of ATFA and other trade finance experts, which will identify potential alliances and partnerships and address global trends and topics of concern.

About ATFA

The Association of Trade & Forfaiting in the Americas, Inc. (ATFA) is a not-for-profit association of financial institutions and companies involved and interested in trade finance and forfaiting. The Association educates its members and the public by: organizing and providing seminars, lectures, convocations and publications; serves as a medium for exchange of information between organizations with an interest in forfaiting and international trade finance; offers advice and counsel to interested parties; fosters national and international communication, cooperation and understanding by encouraging contact with similar trade organizations overseas and complementary organizations in the Americas; seeks to promote the highest degree of ethical and professional standards amongst the membership. See www.tradeandforfaiting.com for more details.

About The Receivables Exchange

Established in 2007, The Receivables Exchange is a first-to-market, real-time online marketplace for working capital financing that provides a game-changing solution for both small and large U.S. companies to monetize receivables. The Exchange connects businesses (Sellers) in search of flexible, affordable and continuous access to working capital to a global network of accredited Institutional Investors (Buyers). Sellers gain prompt and highly cost-effective access to the capital they need without restrictive covenants or onerous constraints, while Buyers get direct access to a $17 trillion asset class. The process lowers Days Sales Outstanding (DSOs) to as little as one day. For more information, visit www.receivablesXchange.com.