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Pay later, not never: What ‘buy now, pay later’ spells for consumer debt and the easy credit business model, Brunch



There’s a new way to borrow at the checkout counter, and it’s finding favour with shoppers on a tight budget. Termed “buy now, pay later” (BNPL), these interest-free, short-term payment plans have captured a sizeable audience in credit-starved, cash-strapped millennials and Gen Zs. From sneakers and skincare products to coffee machines and ergonomic chairs, purchases can be split into instalments at checkout – both online and in stores – on a range of everyday items, effectively offering credit terms to those who do not have, or cannot get, a credit card.

BNPL pioneer Klarna is now the highest valued fintech in Europe with a valuation of over US$10.6 billion. Australia’s first mover Afterpay recently doubled its full-year revenue to A$519.2 million (S$497.8 million) for the financial year ended June 30, 2020.

Singapore has seen its fair share of homegrown BNPL providers as the trend gathers steam in Asia amid Covid-19 uncertainties.

Founded in 2016, Rely is the first fintech to set up shop here. Its rival, hoolah, launched over a year later. Other players Atome and OctiFi joined the race this year. Meanwhile, incumbent banks have also launched interest-free BNPL solutions on top of credit card offerings.

A recent report by Worldpay from FIS found that BNPL is one of two online payment methods forecast to gain global market share between now and 2023, with the other being digital and mobile wallets. Across the Asia-Pacific, e-commerce transactions using BNPL are also expected to more than double by 2023.

About 38 per cent of Singaporeans, or 1.1 million people, have used a BNPL service, according to a separate report by financial comparison platform Finder.

BNPL’s “zero interest” hook is certainly reshaping the way we view instalment loans, lending a much-needed rejuvenation to the retail scene. The service is layered on top of a customer’s existing debit or credit card and is not restricted to banks that offer instalment plans. But of course, nothing is as good as it seems.

Industry watchers flag risks of a false sense of affordability and hidden late payment charges that could introduce bad debt.

These observers also question the credit risk assessment capabilities of BNPL providers here; most do not have access to the wealth of consumer and enterprise data that banks do.

And the scalability of BNPL business models remains to be seen. In offering zero interest, these firms make money by taking a cut from their merchants’ revenue sales and charging consumers late payment fees.

“For now, it is viable as long as merchants see value in increased shopping cart conversion and the share of fees charged by BNPLs is manageable,” says Shirish Jain, director at PwC’s strategy consulting arm, Strategy&. “Of course, that is till the next innovative alternative comes to the marketplace.”

Easy, instant access

The concept of BNPL is not all new. Interest-free instalment plans for credit card purchases have long been offered by banks, and are often used for big-ticket items such as furniture and home appliances.

But what propelled BNPL providers Klarna and Afterpay into billion-dollar businesses was the speed and ease at which they extend credit.

These include near-instant approval of credit, no price shock or perceived lack of interest rate shock, and overall convenience of finance in the moment of “want”, Mr Jain tells The Business Times.

Banks typically undertake extensive levels of credit scrutiny and require proof of income before extending credit to consumers. But BNPL players take a “lighter touch approach” in evaluating credit-worthiness.

This means no credit checks, no debt discussions, no income assessment, and no having to submit minimum three months of payslips, among others.

From a customer’s perspective, this provides a much faster, simpler and better experience, says KPMG partner Umair Hameed.

Anyone above the age of 18 can create a BNPL account with providers like hoolah and start shopping in instalments almost immediately.

These firms are able to tap into a wider net of consumers by providing credit for smaller amounts, and having lower requirements for information, says Ho Kok Yong, financial services industry leader at Deloitte.

In countries where BNPL services have been successful, they were able to enable outcomes that weren’t possible from the incumbents, he adds.

In Singapore, BNPL’s key customer segment is between ages 18 and 35, with an average order value of around S$200 to S$300. Maximum transaction limits vary. Rely, for instance, puts a S$1,000 cap on debit card purchases, and a S$4,000 limit on credit card transactions.

There are also no annual account fees for BNPL services in Singapore for now, compared with most credit cards.

Flexible financing

Local BNPL players OctiFi, hoolah and Atome divide the cost of a purchase into three interest-free, equal monthly payments for its customers.

With Rely, shoppers have the option to pay in four payments due every two weeks, or pay in three monthly instalments.

In Asia where 80 per cent of consumers are price-sensitive, the ability to make small payments over a short period of time – sans the cost and longer-term commitment of credit cards – is alluring.

A Singtel survey found that 41 per cent of buyers abandon their carts because they are not ready to purchase, while 25 per cent of buyers don’t check out because of high prices.

This represents part of the addressable market for Singapore’s BNPL providers, says Siska Melinda, associate at consultancy Frost & Sullivan in Asia-Pacific. She projects for a 20 to 40 per cent increase in the number of orders and average spend due to BNPL adoption.

It further helps that consumers in Singapore are open to innovation and reward convenience with loyalty.

The growing use of relatively new digital payment methods such as GrabPay, ApplePay and PayNow is testament to that. There is also a shift away from traditional forms of credit, says Zhi Ying Barry, senior analyst at Forrester.

One can almost draw a parallel to the transport market, where consumers have responded well to ride-sharing apps amid a well-established taxi system, PwC’s Mr Jain adds.

As consumer income takes a hit in the wake of the pandemic, instalment plans may appear more attractive as they enable consumers to spread their expenses over a longer period, says Deloitte’s Mr Ho.

hoolah claims that transaction volumes have grown over 700 per cent year-to-date, with topline sales up more than 350 per cent.

During the circuit-breaker period, Rely’s online merchants were making two to three times of their usual volumes. Consequently, the firm has been taking a larger cut from its merchants’ sales revenue, says Rely CEO Hizam Ismail.

A fresh report by payments firm Adyen found that 54 per cent of Singaporeans surveyed plan to shop more online despite the easing of restrictions, higher than their global (36 per cent) and Hong Kong counterparts (47 per cent).

Atome, the consumer arm of digital bank hopeful Advance.AI, says that its 1,000-odd merchants have seen a 20 to 30 per cent increase in conversions, and as much as a 30 per cent increase in average order size.

Debt trap

“Say goodbye to high interest rates and escalating debt,” reads a line on OctiFi’s website.

“Get what you need now, pay only 1/3 upfront,” reads another on hoolah’s platform.

Much of BNPL marketing material tends to focus on the value to be derived from a purchase and not necessarily on the affordability of a customer to pay back, KPMG’s Mr Hameed tells BT.

BNPL services may give consumers, especially those whose credit profiles may otherwise disqualify them from conventional credit products, a false sense of affordability and encourage them to over-commit with multiple instalment plans, warns Deloitte’s Mr Ho.

Fresh data from Finder showed that 27 per cent of 1,008 Singaporeans surveyed admit to being financially worse off when using a BNPL service, with impulse buying being the most common mistake. About 11 per cent also said they have overstretched their budget so far that they struggled to pay for other expenses.

A separate OCBC survey found that 41 per cent of millennials in Singapore struggle to stick to their savings plan. Only 66 per cent managed to stick closely to their The ease with which younger consumers can access credit also raises valid concerns. OctiFi and hoolah’s minimum user age is 18, while Rely sets 21 as its minimum age.

Younger consumers are more likely to walk into unsuspecting debt traps, exacerbated by lower levels of financial literacy.

“Will they turn to their parents for help? Or will they take up more loans to pay off their debt? There will be some who will ignore the problem because they’re scared, and things will only get out of hand,” says Tan Huey Min, general manager at Credit Counselling Singapore.

She adds: “Sellers should be more responsible and maybe prompt customers to do a bit more thinking before they check out. But of course, as sellers, it’s not to their benefit.”

It doesn’t help that penalties on late payments are not upfront. Checks by BT found that most BNPL fee structures are buried in lengthy T&Cs. It’s not easy to find such information on most BNPL websites, unless a user specifically looks up “late fees” on Google.

BNPL fintechs in Singapore are, for now, not held to the same regulatory standards as banks. They are not licensed under the Payments Services Act or the Moneylenders Act.

“They may tell you that there’s a fee if you miss a payment, but they may not always tell you about the additional interest they may charge, or how the fees accumulate,” says KPMG’s Mr Hameed.

For example, Atome will freeze a customer’s account and charge a S$20 admin fee if an instalment payment is missed. If this admin fee and outstanding payment are not paid within seven days, an additional S$10 fee is imposed.

hoolah charges a S$15 late payment fee each time a customer fails to pay on time. This applies to order values between S$100 and S$999.99, and is subject to a cap of S$60, which works out to 6 per cent of a S$1,000 purchase but 60 per cent of a S$100 buy.

Given that BNPL providers do not charge interest on credit, penalty fees are a sizeable contribution to revenue and an important source of cash flow, says Deloitte’s Mr Ho. Australia-based Afterpay’s latest full-year revenue of A$519.2 million includes A$69 million from late fees. In Singapore, about 9 per cent of those surveyed by Finder have had to pay a late fee.

Managing credit risk

While the easy credit is both a boon and hidden danger for consumers, BNPL providers face the dual challenge of credit defaults from their consumer customers as well as merchant fraud.

To measure consumer credit risk, lenders typically resort to demographics and behavioural aspects such as occupation, residence, income, outstanding debts and credit history, says Arun Baid, global delivery head for banking, financial services and insurance at Cognizant.

But BNPL’s key market of young millennials may not have built a credit history yet.

The inherent risks of BNPL business models are high as their services are more likely to appeal to consumers with weaker credit profiles, Deloitte’s Mr Ho tells BT.

BT understands that most BNPL players in Singapore built their risk management systems in-house and conduct assessments internally. They have also tried to minimise bad credit risk by applying a credit limit to each customer.

Considering their limited scale, it is “highly unlikely” for BNPL firms to build a sophisticated in-house credit rating system like that of China payments giant Ant Group, says Frost & Sullivan’s Ms Melinda.

She reckons it could be possible to compile data from BNPL providers and build a centralised national database for credit scoring. “But this approach might not happen unless the government makes it compulsory through regulations.”

Regulatory grey areas in the Singapore finance scene do little to ease the concerns of industry watchers. The Monetary Authority of Singapore (MAS) declined to comment when contacted by BT.

If these firms are conducting straight lending to consumers, they would come under the Moneylenders Act or the Hire Purchase Act under the Ministry of Law. They could also come under the Payments Services Act if deemed to be providing one of the seven regulated payments activities set out by the MAS. Under the Act, licensed entities are prohibited from lending to individuals in Singapore.

But if BNPL fintechs are providing funding to merchants for them to in turn provide deferred payments to consumers, these firms would likely be exempt from regulation, says Deloitte’s Mr Ho.

Depending on the uptake of BNPL schemes, the government could become more concerned about financial stability and prudence and may over time require closer monitoring or restrictions on BNPL activities, he adds.

Globally, new-age lenders have started complementing traditional risk assessment models with consumers’ psychometric or social behaviours, by combining data from official sources and social media platforms, says Cognizant’s Mr Baid.

To manage merchant fraud risk, Atome CEO David Chen tells BT it leverages its parent firm Advance.AI’s tech and database of over 800 enterprises in the region to manage assessment issues like risk underwriting.

Staying alive

In providing near-identical solutions, BNPL players compete fiercely with each other, raising question marks over their long-term survival.

Incumbents are also alive to the trend. UOB’s SmartPay! feature, for instance, allows customers to convert credit card bills or selected transactions to interest-free instalments over six or 12 months with a one-time processing fee.

“The BNPL business model does not have a high entry barrier and is relatively easy to replicate. BNPL startups had better look for extensions of their services to add more value to consumers,” says ESSEC Business School professor Jan Ondrus.

These firms can look differentiate themselves in three key areas. Firstly, customer loyalty can be built by complementing BNPL with cashback or rewards that encourage repeat purchases. The variety of merchants is the second key differentiator, says Phil Pomford, Worldpay global e-commerce general manager.

The last point would be how and where firms make BNPL available, such as through overlay services like automated payment scheduling, QR code and cross-border payments to offer more convenience, as well as being omnichannel, Mr Pomford adds.

hoolah recently extended its BNPL services to physical stores in Singapore. It also integrated with national authentication system SingPass and introduced a one-click express checkout for online payments.

Rely’s merchant strategy is to acquire more enterprise retailers to bump up payment volumes. It counts e-commerce platform Qoo10 as a partner, with more “big names” expected in 2021, says its CEO, Mr Ismail.

“BNPL startups can only survive if they capture enough customers who regularly spend a large sum of money,” ESSEC’s Prof Ondrus notes.

Considering Singapore’s population size, it is unlikely for local BNPL players to match the scale of Klarna and Afterpay unless they build a regional presence, Frost & Sullivan’s Ms Melinda tells BT.

hoolah has since expanded into Malaysia and Hong Kong, with an eye on Thailand and other parts of North Asia in the next six to 18 months. Atome’s BNPL services are available in six Asian markets, with plans to move into Thailand soon.

Meanwhile, their regional competitors are already fired up. In Indonesia, established fintechs Ovo, Gojek, Shopee and Traveloka have all launched BNPL services. The Philippines’ BNPL startup BillEase has over 350,000 user accounts, while rival Cashalo saw 6.5 million app downloads since 2018.

“Expansion to other countries will not be easy, due to the availability of existing competitors with similar business models,” says Ms Melinda.

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New Mexico Student Loans: Pay for College in New Mexico



Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as “Credible.”

If you’re planning to attend a college or university in New Mexico, there are several options that could help you pay for it — including scholarships, grants, and New Mexico student loans.

Whether you’ll be attending Central New Mexico Community College, the University of New Mexico, New Mexico State University, or any of New Mexico’s other schools, you can expect to spend about $6,807 per year on average for in-state tuition.

Here are four ways to pay for school in New Mexico:

  1. Start with scholarships and grants for New Mexico students
  2. Apply for federal student loans
  3. Use private student loans to fill in the gaps
  4. Consider New Mexico Loan-For-Service Programs

1. Start with scholarships and grants for New Mexico students

If you need to cover education costs, college scholarships and grants could be a great choice since you won’t have to pay them back.

Here are some scholarships and grants available specifically for New Mexico students:

If scholarships and grants don’t fully cover your education costs, federal or private student loans could help fill any gaps left over. Just remember to consider how much these loans might cost you in the future so you can prepare to pay them back.

You can find out how much you’ll owe over the life of your federal or private student loans using our student loan calculator below.

Enter your loan information to calculate how much you could pay

Total Payment

Total Interest

Monthly Payment

With a
loan, you will pay
monthly and a total of
in interest over the life of your loan. You will pay a total of
over the life of the
loan, assuming you’re making full payments while in school.

Need a student loan?
Compare rates without affecting your credit score. 100% free!

Check Personalized Rates

Checking rates won’t affect your credit score.

Learn More: How to Get a Student Loan for Online College

2. Apply for federal student loans

If you still need to borrow money for school, federal student loans are a good place to start. This is mainly because they come with federal benefits and protections, such as access to income-driven repayment plans and student loan forgiveness programs.

Tip: To apply for federal student loans, you’ll need to fill out the FAFSA. Be sure to submit it as soon as possible to get the most financial aid you can.

Here are the main types of federal student loans you might be eligible for as a New Mexico student:

  • Direct Subsidized Loans are available to undergraduate students with financial need. The government pays the interest on these loans while you’re in school, which means you won’t have as much to pay back later.
  • Direct Unsubsidized Loans are available to both undergraduate and graduate students regardless of financial need. Unlike subsidized loans, you’re responsible for all of the interest that accrues on these loans.
  • Direct PLUS Loans come in two types: Grad PLUS Loans for graduate students who need to pay for grad school and Parent PLUS Loans for parents who want to pay for their child’s education. Keep in mind that PLUS Loans come with higher interest rates than subsidized and unsubsidized loans. They also require a credit check.
Loan typeWho qualifies?
Interest rates
Loan limits
Direct Subsidized LoansUndergrad students with financial need2.75%*$3,500 to $5,500 per year
Direct Unsubsidized LoansUndergrad, graduate, and professional studentsUndergrad: 2.75%*

Graduate and professional: 4.30%*

Dependent undergrad: $5,500 to $7,500 per year ($31,000 total limit)

Independent undergrad: $9,500 to $12,500 per school year ($57,500 total limit)

Graduate and professional: $20,500 per year
($138,500 total limit)

Direct PLUS LoansParents, graduate students, and professional students5.30%*Cost of attendance minus any other financial aid received
*Federal student loan rates for the 2020-21 academic school year.
Keep in mind: The student loan limits in the table above are maximum limits. The actual amount you might qualify for will depend on your FAFSA results, which will factor in your Estimated Family Contribution (EFC).

After you submit the FAFSA, your school will send you a financial aid award letter explaining the amounts and types of federal student loans you’re eligible for.

Check Out: Is My College Housing Covered by Financial Aid?

3. Use private student loans to fill in the gaps

If scholarships, grants, and federal student loans don’t fully cover your costs, private student loans could help fill any gaps left over. Depending on your credit, you might get a lower interest rate on a private student loan than on a federal student loan.

If you’re considering federal vs. private student loans, also note that private loans generally don’t offer the same amount of benefits and protections (such as access to income-driven repayment and student loan forgiveness programs) as federal loans.

Keep in mind: Unlike most federal student loans, you’ll need to have good to excellent credit to potentially qualify for a private student loan. Some lenders offer student loans for bad credit, but these generally come with higher rates than good credit loans.

If you can’t get approved on your own, you could also consider applying with a creditworthy cosigner. Even if you don’t need a cosigner to qualify, having one could get you a lower interest rate than you’d get on your own.

Before taking out a private student loan, be sure to shop around and compare as many lenders as possible to find the right loan for you.

Credible makes this easy — you can compare your prequalified rates from multiple lenders in two minutes. Each of the lenders in the table below is a Credible partner available to New Mexico residents.

LenderFixed rates from (APR)Variable rates from (APR)Loan terms (years)Loan amounts
ascent3.30%+2.40%+5, 7, 10, 12, 15, 20
(depending on loan type)
$1,000 – $200,000
citizens3.99%+11.19%+15, 10, 15$1,000 – $350,000
(depending on degree)
collegeave3.34%+2,31.04%+2,35, 8, 10, 15$1,000 up to 100% of the school-certified cost of attendance
edvestinu4.07%+72.00%+77, 10, 15$1,000 – $200,000
mefa3.75%+N/A10, 15$1,500 or $2,000 up to school’s certified cost of attendance
(depending on school type and minus other aid received)
4.25% – 12.35%91.25% – 11.10%95, 15Up to 100% of the school-certified cost of attendance
Compare rates without affecting
your credit score. 100% free!

Compare Now

Lowest APRs reflect autopay, loyalty, and interest-only repayment discounts where available | 1Citizens Bank Disclosures | 2,3College Ave Disclosures | 7EDvestinU Disclosures | 8INvestEd Disclosures | 9Sallie Mae Disclosures

Learn More: Coding Bootcamps: Average Cost and How to Pay

4. Consider New Mexico Loan-For-Service Programs

There are some professional-level jobs in New Mexico that are in particularly high demand, such as:

If you’re interested in one of these programs and are sure you’ll stay in New Mexico after graduation, then you might consider looking at the state’s Loan-For-Service Programs.

How does it work? These programs offer special loans to professionals who agree to practice for a designated time in a shortage area after they’ve graduated.

For every year of service, a portion of your loan will be forgiven. If you complete your full time of service, the program will forgive 100% of your loan.

Check Out: On-Campus vs. Off-Campus Costs

Students in New Mexico have plenty of options to pay for college

Whether you’re attending community college, a trade school, or another type of New Mexico school, using a mix of these strategies could help you pay for college.

Tip: Most students end up with a mix of both federal and private student loans to cover their costs. It’s typically a good idea to start with scholarships, grants, and federal loans before turning to private loans if you have leftover costs.

If you decide to take out a private student loan, remember to consider as many lenders as you can to find a loan that suits your needs. Credible makes this easy — you can compare multiple lenders in two minutes after filling out just one form.

Compare student loan rates from top lenders

  • Multiple lenders compete to get you the best rate
  • Get actual rates, not estimated ones
  • Finance almost any degree

See Your Rates
Checking rates will not affect your credit

Keep Reading: Low-Interest Student Loans

About the author

Lindsay VanSomeren

Lindsay VanSomeren

Lindsay VanSomeren specializes in credit and loans and is a contributor to Credible. Her work has appeared on Credit Karma, Forbes Advisor, LendingTree, and more.

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Loans Bad Credit Online – Euronext News Today – ASM INTERNATIONAL N.V. REPORTS FOURTH QUARTER 2020 RESULTS Amsterdam Stock Exchange:ASM | Fintech Zoom | Fintech Zoom



Loans Bad Credit Online – Euronext News Today – ASM INTERNATIONAL N.V. REPORTS FOURTH QUARTER 2020 RESULTS Amsterdam Stock Exchange:ASM | Fintech Zoom

Euronext News Today – ASM INTERNATIONAL N.V. REPORTS FOURTH QUARTER 2020 RESULTS Amsterdam Stock Exchange:ASM

Almere, The Netherlands
February 25, 2021, 6 p.m. CET

ASM International N.V. (Euronext Amsterdam: ASM) today reports its fourth quarter 2020 operating results (unaudited) in accordance with IFRS.

Strong quarterly results driven by continued logic/foundry demand


EUR million Q4 2019 Q3 2020 Q4 2020
New orders 429.0 303.4 378.7
Revenue 400.6 314.6 346.6
Gross profit margin % 51.5 49.9 45.2
Operating result 130.9 83.9 77.5
Result from investments (excluding amortization intangible assets resulting from the sale of ASMPT stake in 2013) 6.4 6.3 27.1
Amortization intangible assets (resulting from the sale of ASMPT stake in 2013) (3.5) (3.0) (3.0)
Net earnings 104.5 58.1 79.1
Normalized net earnings (excluding amortization intangible assets resulting from the sale of ASMPT stake in 2013 and result from sale of ASMPT shares) 108.0 61.2 82.1
  • New orders at €379 million were 25% above the level of last quarter.
  • Revenue for the fourth quarter 2020 was €347 million and increased 10% compared to the previous quarter due to stronger market demand.
  • Gross profit margin was 45.2% in Q4 2020 compared to 49.9% in the previous quarter which had an exceptionally strong mix.
  • Operating result was €78 million compared to €84 million in the previous quarter, mainly due to mix effects and higher R&D and SG&A costs.
  • Normalized net earnings for the fourth quarter 2020 were €82 million, €21 million higher compared to Q3 2020, due to the higher contribution of ASMPT, mainly caused by one-off effects.


“2020 was another year of strong performance for our company. In a year dominated by the COVID-19 pandemic, the global ASM team demonstrated tremendous commitment and execution,” said Benjamin Loh, President and Chief Executive Officer of ASM International. “In the fourth quarter, we realized revenue of €347 million which was at the high end of the guidance of €330-350 million and up 10% from the level in Q3. The revenue level was again driven by continuous high demand in the logic/foundry segment. Our Q4 order intake, at €379 million, was up 25% from the level in Q3 and substantially higher than our guidance of €340-360 million, driven by strong demand in logic/foundry. For the full year, revenue was €1,328 million, a year-on-year increase, excluding the litigation proceeds in 2019, of 18%.”


For Q1, on a currency comparable level, we expect revenue of €380-€400 million, while we expect our revenue in Q2 to be at the same level. Q1 bookings, on a currency comparable level, are also expected to be in the range of €380-€400 million.

Based upon the current market developments, the wafer fab equipment (WFE) market is expected to grow by a mid-teens percentage in 2021. While it is currently too early to provide guidance for the second half of the year, ASM is well positioned for another year of healthy growth in 2021.


On June 2, 2020, ASMI announced the start of the €100 million share buyback program. As of December 31, 2020, 63.8% of the share buyback program was completed at an average share price of €132.63.


ASMI will propose to the forthcoming Annual General Meeting of Shareholders (AGM) 2021, to declare a regular dividend of €2.00 per common share over 2020. The regular dividend increases 33% compared to the regular dividend paid over 2019 (€1.50 regular dividend, excluding €1.50 extraordinary dividend).    

About ASM International

ASM International NV, headquartered in Almere, the Netherlands, its subsidiaries and participations design and manufacture equipment and materials used to produce semiconductor devices. ASM International, its subsidiaries and participations provide production solutions for wafer processing (Front-end segment) as well as for assembly & packaging and surface mount technology (Back-end segment) through facilities in the United States, Europe, Japan and Asia. ASM International’s common stock trades on the Euronext Amsterdam Stock Exchange (symbol ASM). For more information, visit ASMI’s website at

Cautionary Note Regarding Forward-Looking Statements: All matters discussed in this press release, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include, but are not limited to, economic conditions and trends in the semiconductor industry generally and the timing of the industry cycles specifically, currency fluctuations, corporate transactions, financing and liquidity matters, the success of restructurings, the timing of significant orders, market acceptance of new products, competitive factors, litigation involving intellectual property, shareholders or other issues, commercial and economic disruption due to natural disasters, terrorist activity, armed conflict or political instability, changes in import/export regulations, epidemics and other risks indicated in the Company’s reports and financial statements. The Company assumes no obligation nor intends to update or revise any forward-looking statements to reflect future developments or circumstances.

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

ASM International N.V will host an investor conference call and webcast on Friday, February 26, 2021, at 15:00 p.m. Continental European Time (9:00 a.m. – US Eastern Time).

The teleconference dial-in numbers are as follows:

  • United States:          +1 646 7413 167
  • International:            +44 (0) 8444 819 752
  • The Netherlands:     +31 (0) 20 79 566 14
  • Access Code:          9692511

A simultaneous audio webcast and replay will be accessible at


Investor and media contact:

Victor Bareño
T: +31 88 100 8500
E: [email protected]

Euronext News Today – ASM INTERNATIONAL N.V. REPORTS FOURTH QUARTER 2020 RESULTS Amsterdam Stock Exchange:ASM

Loans Bad Credit Online – Euronext News Today – ASM INTERNATIONAL N.V. REPORTS FOURTH QUARTER 2020 RESULTS Amsterdam Stock Exchange:ASM | Fintech Zoom

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Bad Credit Credit Cards – Minn. Justices Say Menard Can’t Get Tax Offset On Card Debts | Fintech Zoom



Bad Credit Credit Cards – Minn. Justices Say Menard Can’t Get Tax Offset On Card Debts

By Daniel Tay · February 25, 2021, 4:46 PM EST

Menard can’t get sales tax offsets based on uncollectible debts from purchases made on its private-label credit cards because the debts were owed to Capital One, the card-issuing bank, and not…

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Bad Credit Credit Cards – Minn. Justices Say Menard Can’t Get Tax Offset On Card Debts

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