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Find all the latest press releases here along with contact details for NACFB representatives if you would like comment on any area of the commercial finance industry. You can also sign up to our mailing list to receive e-mail updates.
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All the latest NACFB events - what's on and where it's happening. Click here for a full calendar of NACFB events.
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The NACFB is the only UK trade body dedicated to the commercial finance broker. We represent members from across the whole commercial finance market: from buy-to-let specialists and commercial mortgage advisers to vehicle finance brokers; from leasing and asset finance specialists to factoring brokers. All NACFB members comply with an industry recognised Code of Practice
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NACFB launches The Deal Exchange
27th November 2008
The National Association of Commercial Finance Brokers (NACFB) has launched a new forum on its website aimed at members who are having problems placing a deal. Current market conditions mean brokers need to diversify and step outside their comfort zone, simply in order to make a living. The Deal Exchange has been developed to help members get together to share their experience and expertise and will be launched, initially for members’ feedback, in the next week.
Adam Tyler, Chief Executive of the NACFB explains: “The Deal Exchange is aimed to help NACFB members work together in placing deals they couldn’t place on their own. Here at the Exeter office we are getting an increasing number of enquiries from members requesting information about which lender will look at which deal. In order to cut out the middle man (i.e. us) the Deal Exchange is designed to be an online meeting place, so members can post deals anonymously and request help from fellow members.”
Adam Tyler continues: “The Association will have minimal involvement in any deal –although of course we will check any threads before they are posted – but for the most part all we do is provide the online meeting space and allow brokers to work out any deals between themselves. The idea is that if a client requests something out of the broker’s usual field of expertise, he can (anonymously) place it on the Deal Exchange forum for another broker member to look at and offer his (or her)assistance. The brokers can then work together and, depending on whatever agreement they have come to between them, split and commissions created by the deal.”
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