Collateral management
Are you a Corporate? Gulf African Bank has designed its Corporate Collateral Financing Scheme to treat the imported stocks as collateral. It accords you flexibility as you only pay for the stocks that are released to you periodically.
FEATURES
- Increased trading capacity
- Problems associated with collateral registration e.g creating legal charge are eliminated
- Less reliance on balance sheets
- Financing limits between 70 – 80% of the pro-forma invoice
- Financing includes fiscal fees e.g. import duties, port charges and handling fees
- Self liquidating
APPLICABLE TO TRADERS DEALING WITH:
- Vegetable Fats
- Tractors
- Aluminum Wire
- Motor Vehicles
- Graders
- Levelers
- Telecommunication equipment
- Electrical machinery e.g. generators
- Rubber tires for heavy duty commercial vehicles
- Rice
- Bitumen
- Natural Gas
- Fertilizer
- Wheat
- Sugar etc