The Benefits

If your company is active in industry activities (factoring, invoice finance, commercial finance, secured lending, asset based finance…) but is not interested in the two-factor platform (because your company prefers to do all international business on a direct basis for example), you can apply for membership as an Associated Partner.  This status gives full access to all Trade Association activities but doesn’t give access to the use of the 2-Factor platform. Your company will benefit from following advantages:

• Being a member of IFG is first of all an important quality label for your Domestic and International Operations.

• As a Shareholder you have full access to all Trade Association activities in the areas of education and events and industry information.

• IFG organizes each year a series of networking and learning events. The most important event is the Annual Meeting where members discuss the evolution of their industry and the association during 3 days. All members can discuss and vote on a one-member one-vote principle for all items related to the Trade Association activity. The result of this voting session is submitted for approval to the annual assembly of shareholders.

• Shorter seminars are organized to bring together the General Managers, the Sales Managers and the International Managers.

• Specific theme seminars are organized in the areas of 2-Factor Operations and Risk Management.

• As a Global Trade Association, defending the industry’s interests, the IF-Group has also developed in close co-operation with some of the finest industry experts a Foundation Course on factoring and International Factoring that gives a comprehensive overview on all important aspects of Factoring and Commercial Finance. This course is also organized on a regional level through the work of the Chapters.

• Through its strategic alliance with the UK Industry organization, the ABFA, IFG members have also access to the e-learning Foundation Course developed by this organization.

• As a member, you will benefit greatly from the networking environment with other members and also with the top Service Providers to our industry. IFG being an open-minded Trade Association, participation to our events and seminars is of course never an obligation.

• Members have free access to the Private Part of the IFG-website containing a complete contact information on the members with names and contact details for senior and middle management as well as vital information on market specifics e.g. legal framework and statistics in the members’ countries.
  
  
• Members are invited to publish articles of special interest to the other members and company news in our ewsletters and on the website.
  
  
• As a partner your company can designate candidates for membership of the different technical and strategic committees in order to play an active role in the further development of the Group and the Industry.

Membership fee

Today’s annual membership fees for associated partners are as follows:

(*) Members belong to the same group under following circumstances: members that have one common shareholder who owns 50 % or more of their capital / members who own minimum 50 % of another member / member companies that are owned for minimum 50 % by another member

There is NO entrance fee when your company joins IFG.

For companies starting their international activities, special conditions can be granted during the first two years of membership. Please contact the Secretary General, Erik Timmermans at e.timmermans@ifgroup.com for more details.

Membership application

The International Factors Group is an open association and welcomes members across the world. In order to maintain our high standards of reputation and service quality, there are certain minimum requirements for joining the IFG and new applicants have to be approved by the Group’s Board of Directors. The process is very straightforward and doesn’t take much time.

If your company wants to apply for membership, please download and fill out this membership application form for associated partner and send it by email to e.timmermans@ifgroup.com or by fax on +32/2.772.64.19.

Your application should be accompanied by:

1. A cover letter containing following information:

• A description of the company and company strategy;
• Description of ownership structure and major shareholders
• Full contact details;

2. If available : the latest annual Report, in English, preferably made in accordance with IFRS and auditor’s report.

For all additional information on your membership application, please contact Erik Timmermans: e.timmermans@ifgroup.com or by phone on +32/2.775.82.70.