MDV’s iFactoring disbursement

KUALA LUMPUR: Malaysia Debt Ventures Bhd (MDV), a wholly-owned unit of the Minister of Finance Inc, aims to disburse RM200mil for its newly-launched iFactoring financing product up to March 2013.

The products iFactoring and Equity-Linked Financing Structures aim to further support small and medium enterprises (SMEs). The iFactoring facility offers an arrangement between a firm and MDV, under which MDV buys over its accounts receivables for cash.

-Bernama