Egypt’s FRA introduces new type of investment funds specialised in transferred financial values – ZAWYA

Egypt’s FRA introduces new type of investment funds specialised in transferred financial values – ZAWYA

Egypt's FRA introduces new type of investment funds specialised in transferred financial values Egypt's FRA introduces new type of investment funds specialised in transferred financial values | ZAWYA MENA Edition HomeBusinessArticleEgypt's FRA introduces new type of investment funds specialised in transferred financial values The move will help overcome the problem of low capacity in generating capital for economic development    The Financial Regulatory Authority (FRA) has introduced a new type of investment funds specialising in transferred values, according to FRA Chairperson Mohamed Omran.The new fund will see the transfer of all or part of its future financial rights portfolio from non-bank financing activity regulated, so it can obtain the present value of instalments due on its customers. It represents a financing alternative to real estate finance, financial leasing, consumer finance, factoring, and microfinance companies.Omran said the step aims to achieve integration between non-bank financial activities subject to the authority's control, and provide diversification of funding sources to non-bank financing companies.The new fund will see the transfer of all or part of its future financial rights portfolio from non-bank financing activity regulated, so it can obtain the present value of instalments due on its customers. It represents a financing alternative to