LTS articles
- A discount is not an interest rate Why the cost of factoring an invoice must not be annualised — and what to measure instead Dr. Ghassan Chammas · Oct 2026
Exporters who multiply a 90-day factoring discount by four to get an “annual rate” annualise the cost but not the return, apply to a sale a method their own accounts reject, and compare factoring with a loan they cannot obtain.
Read the article
News
-
Webinar on factoring and reverse factoring with the Association of Lebanese Industrialists
LTS and the Association of Lebanese Industrialists held an online session, “Innovative Trade Finance Solutions”, presenting factoring to Lebanese manufacturers, followed by questions from participants.
-
Factoring presented to Lebanese industrialists, with the USAID Trade and Investment Facilitation project
A working session at the Association of Lebanese Industrialists presented LTS's factoring solution to manufacturers, with the support of the USAID TIF project.
-
“Innovative and efficient trade finance solutions” at the Chamber of Commerce, Industry and Agriculture of Beirut and Mount Lebanon
LTS and the USAID TIF project presented factoring as a trade finance tool to the Chamber's members in Beirut.
Research from the Orion group
Publications by the founders of LTS on the Orion Financial Solutions research library. Research is published in its original language (English).
- Effects of the absence of banking services Investment Contextual Report Dr. Ghassan Chammas and Nicolas Photiades · Jun 2022
Lebanon’s paralysed banks, a restructuring agenda, and factoring, reverse factoring and recapitalisation funds as finance for companies.
Read the summary - Profiling Lebanese SMEs Investment Contextual Report Dr. Ghassan Chammas and Nicolas Photiades · Jan 2023
What a transaction advisory programme revealed about Lebanese SMEs, with factoring and reverse factoring among the funding routes it opened.
Read the summary - Food shortage Investment Contextual Report Dr. Ghassan Chammas and Nicolas Photiades · Feb 2023
Food insecurity in Lebanon and the financing measures to stabilise supply, including a factoring mechanism.
Read the summary - SMEs’ financial flexibility: solutions for a new economy Investment Contextual Report Dr. Ghassan Chammas and Nicolas Photiades · Feb 2022
How the banking collapse constrained company funding in Lebanon, and trade financing and an organised factoring facility as alternatives.
Read the summary - Islamic financing vehicles Investment Contextual Report Dr. Ghassan Chammas and Nicolas Photiades · Dec 2022
Islamic trade-financing instruments, including factoring, and a Mudaraba industrial fund for Lebanese companies.
Read the summary - De-risking Investment Contextual Report Dr. Ghassan Chammas and Nicolas Photiades · Sep 2022
The forms and drivers of de-risking, and how it cut Lebanon off from international trade finance.
Read the summary - Four thousand companies nobody can see Why Lebanon’s private sector will not exit the credit crisis until it agrees to be measured Dr. Ghassan Chammas · Oct 2026
Why Lebanese companies cannot regain foreign credit until they are measured — the reason LTS assesses every exporter before financing.
Read the summary