Supply chain finance exists because companies don’t pay promptly. The Greensill type of financial engineering just ducks the real issue and its rational would disappear with a simple legislative imperative to pay on demand and release the billions of tied up cash to the economy.

Faster supplier payments would destroy the Greensill raison d’etre. It’s a wakeup call to the digital payments’ age. There is no excuse for the current plethora of payment delays and the hardship this causes the real economy…

FT Greensill case shows risks of supply chain finance

Economist Greensill Capital’s woes will reverberate widely