Page 9 - Trade Finance Profile

REQUIREMENTS

Our Trade Finance product is strategically This financial information is an imperative
positioned as a premium service for which our indicator which helps us measure against
Clients first need to qualify. Our product only specific criteria:
targets mature, developed companies and we
do not accommodate start-up businesses. • Solvency, liquidity, and balance sheet
strength
Approved insurance on our Trade Finance
facilities is a key risk management tool that is • Profitability as a continuing business and
also required. going concern

A minimum requirement of information to • Sufficient gross margins
assess the feasibility of a prospective client • Required securities
includes:
Turners Shipping emphasizes the importance
1. Latest signed annual financial statements of the Client’s underlying transaction that is
2. Latest management account information being funded. The key to success of our Trade
3. Collateral (which includes at a minimum, Finance product is to ensure theoretically and
practically that the funded transaction pays for
personal suretyships of shareholders) itself within the prescribed terms. As soon as
4. An understanding of your business and the funded transaction is liquidated through
payment from the Client’s debtor, payment
the nature of the underlying transaction must be made over to Turners Shipping –
that requires funding preventing over-leverage and reckless trading.

In global markets that are volatile and ever-changing, the ongoing monitoring of accounts,
financial information and securities is an essential requirement.

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www.turnerstradefinance.co.za