NLB InterFinanz offers to its clients different
forms of financing of trade as well as other types of credit facilities,
as described bellow.
Buyer’s credit
We offer our clients on a case by case basis direct access
to funds in the form of buyer’s credits.
Commercial Loans
NLBI offers on a case by case basis project related loans. secured
by a bank guarantee or other type of collateral (e.g. real-estate)
acceptable to ourselves. Please approach us for individual transactions.
Import, Export and pre-Export Financing
NLBI offers structured financing for clients importing or exporting
capital goods. On a case by case basis NLBI would also offer financing
for pre-export financing, subject to acceptable structure and security
involved.
NLBI also offers financing of uncovered portions of ECA
arrangements, on a disclosed or undisclosed basis.
The following are characteristics of NLBI’s financing
schemes:
Currency
NLBI provides the funds in the currency of the underlying transaction
(Euros, US dollars or Swiss Francs etc.).
Interest Rates, Fees and Maturities
NLBI provides variable rate funding with maturities extending up
to 7 years, subject to credit evaluation of the buyer and his home
bank.
Interest rate is determined based on LIBOR or EURIBOR, increased
by a margin to be determined by NLBI on a case by case basis in
accordance with the underlying risk .
Security
In most cases NLBI requires unconditional and irrevocable letters
of guarantee issued by the borrower’s (importer’s) bank
acceptable to NLBI.
NLBI accepts on a case by case basis also other forms of security
from top ranking clients according to our risk classification, such
as first ranking mortgage on real-estate or pledge of movables.
Such security is subject to evaluation by NLBI and security pledge
ratio determined by ourselves.
Commission fee is charged in percentage terms,
flat on the entire loan amount and is deducted upon the drawdown
form the loan amount.
Commitment fee is charged in percentage terms on
an annual basis on the undisbursed portion of the loan amount from
the date of the signing of the loan agreement. Flat fees apply for
short term transactions or smaller amount transactions.
Other costs
All banking costs related to the loan and all costs incurred in
connection with the preparation of the loan, including legal and
other expert expenses are borne by the borrower.
Required documentation
The following conditions have to usually be fulfilled prior to the
disbursement of the loan:
| • |
Copy of a duly signed documentation satisfactory
to NLBI |
| • |
Original extract from a trade register and original
specimen signatures of the buyer |
| • |
Security documentation, satisfactory to ourselves |
| • |
Legal opinion, issued by an attorney, acceptable
to ourselves |
NLBI reserves the right to request additional documentation should
this prove necessary.
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