ETG CAPITAL

ETG Capital was launched in 2009. This firms’s vision is to offer innovative solutions for protecting high-risk and distressed accounts receivable. ETG Capital was founded by David Tawil and Steve Azarbad, two singularly determined bankruptcy attorneys. Skadden Arps. Mr. Azarbad is a former associate at Weil Gotshal and Skadden Arps and Mr. Tawil practiced bankruptcy law at Davis Polk. Tawil and Azarbad were Directors at Credit Suisse prior to founding ETG Capital. The highly successful Tr... ade Receivable Protection (TRiPs) program, was co-founded and co-headed by the talented duo. This is a Credit Suisse’s Put Option business within the Leveraged Finance department of the esteemed investment bank. The names Tawil and Azarbad are virtually synonymous with high-risk and distressed credit, among savvy CFOs, corporate treasurers, and credit risk managers, representing the Fortune 50, wholesalers, and, manufacturers from North America to Asia. Among savvy CFOs, corporate treasurers, and credit risk managers—representing the Fortune 50; wholesalers; and, manufacturers from North America to Asia—the names Tawil and Azarbad are virtually synonymous with high-risk and distressed credit. Both, Tawil and Azarbad are routinely invited to speak at credit industry conferences, worldwide, where they offer their Wall Street perspective on industry giants in distress Partners of ETG Capital bring over 20 years of bankruptcy law, corporate restructuring, and credit underwriting expertise to every deal. ETG has the flexibility to underwrite some of a client’s most difficult accounts, with minimal organizational constraints. Providing the most creative and ambitious solutions to client credit challenges is the ETG’s sole priority. A conservative approach to underwriting, emphasizing diversification and substantial capital reserves are taken by ETG. ETG maintains a minimum capital ratio of the aggregate contingent liability. A capital reserve for every contract sold is set aside by ETG. All reserves are held in cash. ETG is not involved in any other line of business and is not invested in any securities. With this, the firm is put in very strong stead with respect to liquidity and capital-preservation. In order to satisfy 100 percent of expected future payments, the firm maintains sufficient reserves. With the aim to ensure that the funds are available when needed for payment, reserves are held by a third-party financial institution. A rigorous methodology is used by ETG, in order to determine its reserving requirements, accounting for expected macro-economic trends, industry movements, individual company performance and outlook, and overall portfolio exposure.More