Asset Backed LC Funding Program
This Asset Backed Credit Line (LC) funding program has our investor/private lender pledging their assets, as a third party underwriter, to another lender who would issue a Credit Line secured by and based solely on the asset(s) pledged under this program. This is designed so clients can leverage their relationships with banks, hedge funds and family offices to secure a Credit Line or loan that will provide 100% funding for their projects.
The investor will provide the Client's bank the amount of pledged assets they require to set up the credit line, either through a “SKR” (safekeeping receipt) issued from Brinks (most common), a Bank Instrument (such as an LC, SBLC or a Bank Guarantee, whichever they prefer to receive) from the lending bank's corresponding bank in Italy, or an Asset Pledge of gold bullion from the Italian Central Bank, to be confirmed via SWIFT (whichever method the bank prefers to use).
The investor will provide the Client's bank the amount of pledged assets they require to set up the credit line, either through a “SKR” (safekeeping receipt) issued from Brinks (most common), a Bank Instrument (such as an LC, SBLC or a Bank Guarantee, whichever they prefer to receive) from the lending bank's corresponding bank in Italy, or an Asset Pledge of gold bullion from the Italian Central Bank, to be confirmed via SWIFT (whichever method the bank prefers to use).
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This new funding program is available to any lender who would accept the asset pledge and lend solely against the asset classes being offered. Got questions? Get in touch.
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