Şişecam Wins “Best Deal” Award at GTR 2025 for Its Innovative Financing Model

A global player in the glass and chemicals sectors, Şişecam has advanced its pioneering approach to financial innovation with another milestone achievement. Şişecam, successfully executed the world’s first Working Capital Note (WCN) transaction structured and financed as a Digital Negotiable Instrument (DNI).

Developed to address working capital requirements arising from varying payment terms across Şişecam’s multinational supply chain, the structure was recognised with the “Best Deal” award at the prestigious GTR Awards 2025, a leading platform for international trade finance.

As the first step of a global programme targeting a total size of up to US$250 million, the initial US$500,000 tranche of the transaction was financed by İşbank UK.

The solution was implemented using the Faturalab platform infrastructure and ETR Digital’s Flownote™ technology and was deployed within just 10 business days. The structure enables the rapid, secure and efficient issuance of digital negotiable instruments, while integrating seamlessly into existing accounts payable processes to enhance operational efficiency. It also allows working capital assets to be managed more flexibly and efficiently between trade finance and capital markets.

This model enables the early settlement of approved supplier invoices, allowing Şişecam to optimise its payment terms. This supports balance sheet management while playing a strategic role in strengthening liquidity across the supply chain.