|
We assumed an accounts receivable factoring program from the acquisition of Meritor for trade receivables as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Expiration |
|
Total Facility Size at September 30, 2022 |
|
Utilized at September 30, 2022 |
| In millions |
|
|
EUR |
|
USD |
|
EUR |
|
USD |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Off-balance sheet arrangements |
|
|
|
|
|
|
|
|
|
|
Committed Swedish factoring facility(1)(2)
|
|
March 2024 |
|
€ |
155 |
|
|
$ |
151 |
|
|
€ |
144 |
|
|
$ |
139 |
|
Committed U.S. factoring facility(1)
|
|
February 2023 |
|
N/A |
|
75 |
|
|
— |
|
|
76 |
|
Uncommitted U.K. factoring facility(3)
|
|
February 2025 |
|
25 |
|
|
24 |
|
|
2 |
|
|
2 |
|
| Uncommitted Italy factoring facility |
|
June 2025 |
|
30 |
|
|
29 |
|
|
11 |
|
|
11 |
|
Other uncommitted factoring facilities(4)
|
|
None |
|
N/A |
|
N/A |
|
7 |
|
|
7 |
|
| Total off-balance sheet arrangements |
|
|
|
€ |
210 |
|
|
$ |
279 |
|
|
€ |
164 |
|
|
$ |
235 |
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Actual amounts may exceed the bank's commitment at the bank's discretion.
|
(2) The factoring program is supported by a 364-day committed credit facility through June 22, 2023.
|
(3) The U.K. factoring facility enables the factoring of British pound and Euro denominated accounts receivable.
|
(4) There is no explicit facility size under the agreement, but the counterparty approves the purchase of receivable tranches as its discretion.
|
|
|
|
|
|
|
|
|
|
|
|
|
|