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carmen marín

T2 · manager / operator

Former BBVA international trade finance executive (commodities, project finance, supply chain finance) who left to build Twinco, a purchase-order financing platform for emerging-market manufacturers. 20+ years in trade finance.

1 call·1 name·100% bull·last heard 3 months ago·itnig
track record

no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY

top calls

highest conviction · one per company
1stmedium conviction
$SANBanco Santander

Santander leads first-ever purchase-order securitization vehicle validating Twinco's asset class

Santander's leadership of the inaugural purchase-order securitization SPV signals institutional acceptance of supply-chain receivables as investment-grade assets, enabling lower-cost funding for emerging-market manufacturers.

itnig2026-07episode →

most discussed · click a bar to filter

  • $SAN

recurring themes

  • Securitization Innovation1
  • Data Center Infrastructure1
  • ESG as Risk Mitigation1
1 total
$SAN
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Banco Santander
MEDcarmen marín·itnig·3 months ago·Han financiado 1.000M$ sin una sola pérdida | Twinco Capital
Santander leads first-ever purchase-order securitization vehicle validating Twinco's asset class
Santander's leadership of the inaugural purchase-order securitization SPV signals institutional acceptance of supply-chain receivables as investment-grade assets, enabling lower-cost funding for emerging-market manufacturers.
"En este caso es liderado por el Banco Santander y entonces el Banco Santander pues pone financia ese vehículo ya el liderado, ¿qué significa? que ellos ponen su licencia bancaria,…"
86:00
9
Securitization Innovationtailwind
First purchase-order securitization unlocks institutional capital for emerging-market manufacturing
Structuring purchase-order receivables into an EU-regulated SPV with first-loss equity from the originator and senior debt from Santander transforms fragmented trade receivables into investment-grade paper, opening access to pension and insurance capital at scale.
8
Data Center Infrastructuretailwind
Real-time supply-chain transaction data replaces financial statements for credit underwriting in opaque markets
Daily purchase-order, shipment, and invoice flows provide a live, portfolio-level view of supplier performance that is far more predictive than annual audited financials in emerging markets, turning opaque credit into quantifiable, low-risk exposure.
8
ESG as Risk Mitigationtailwind
Sustainability criteria function as leading credit-risk indicators in supply-chain finance
Suppliers meeting ESG standards (labor, environmental, governance) show more stable long-term buyer relationships and lower default probability; embedding these criteria into pricing creates a virtuous cycle where better sustainability lowers funding costs.