The first order of business is to assist mills and customers in controlling expenses and protect them from the impact of market fluctuations. Volatile in nature, international finance requires astute decision-making and familiarity with the idiosyncracies of individual markets. IFP buys and sells in local currencies as well as US dollars, hedging against currency fluctuations. We are well-versed in international banking systems, including the use of letters of credit and bank collections to minimize the risks associated with international transactions. IFP also has extensive relationships with a variety of credit insurance companies providing highly favorable terms and insuring efficient service for customers of all sizes. We often act as a financing entity, bridging the gap for customers through extended payment terms. We also will assume the credit risk for sourcing mills, insulating them from financial exposure in foreign territories. With hundreds of millions of dollars in both revenues and assets, the Kraft group of companies provides liquidity and strength. This strength, coupled with diligence in reviewing customer credit and access to credit lines at international banks, translates into flexibility for both customers and suppliers.
With almost 50 years of trading history in the international arena, IFP has a wealth of experience and the relationships in place to identify, support and protect our principals in the areas of financing, foreign exchange fluctuations and credit risk.
