Daimler
Financial Services (DFS), incorporating Mercedes-Benz Financial
Services, will implement a new system for administrating stock
funding in the UK from November.
The new wholesale finance
system (WFS), provided by stock funding specialist Sword Apak, will
replace Daimler’s current Datascan system, and is intended to be
fully operational by April 2013.
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Thomas Weltrowski, DFS
director for global operations, Europe, said the nature of
wholesale finance made it easier to adopt one system across
multiple jurisdictions.
He added: “With the exception of tax and law conditions,
which we do recognise must be taken into account, it is possible to
have one approach to wholesale even between very different
developed markets.”
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