This excerpt taken from the SYT 20-F filed Mar 16, 2005.
Off-balance sheet finance
At December 31, 2004, non-recourse factoring amounted to US$7 million (2003: US$6 million: 2002: US$14 million). Under these arrangements, Syngenta has no liability under the factored principal, but pays interest at a commercial rate until the underlying debtor has either settled or has been declared insolvent.
Syngenta has no other off-balance sheet financing transactions or arrangements.