Many major projects are stalled due
to lack of available liquidity in the banking system. We are able to
provide credit lines for major projects supported by bank guarantee. The
issuing banks must outside our
excluded areas.
General Outline Terms and Conditions
Loan
Value Limits: Euros or
USD, 10
million and above.
Term:
1 to 3 years. Extended terms are available in special cases. Thereafter annual renewals as required.
Security: Bankers' Acceptance, Promissory Note, Structured Note,
Letter of Credit, Guarantee or other form of negotiable instrument. To be
rated at least "A-" (S.&.P. or equivalent) for terms up to 2 years and
"Aa-" for terms over two years. Commodities are also acceptable
in some circumstances.
Setting-up Fee: A non-usance fee of not less than
1.5% must be
lodged in advance within an agreed escrow arrangement. This is returnable
upon completion.
Issue
Fee:
3.5%, deductible from the
loan proceeds.
Annual
Interest Rate: Fixed rate set at inception dependant upon the credit
rating of the bank concerned. From 0.25% above LIBOR., or from 6% fixed.
Repayment:
On maturity.
