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Agro market leaders – the biggest domestic agricultural producer and exporter NIBULON and the expert in agricultural companies finance CREDIT AGRICOLE BANK – developed a joint partnership program for lending to agricultural producers against the pledge of cereals stored at grain warehouse. This product will allow the customers to quickly receive the funds for working capital, on the one hand, and to ensure high-quality storage of their products in up-to-date grain terminals, on the other hand.
|Lending target||Finance of working capital used by the customer to fund operating cycle|
|Maximum limit amount||Up to 80% of value of the pledged grain|
|5 days less than the period of grain storage under double warehouse certificate but not later than on 31 May of the year following the year of harvesting the grain to be pledged|
|Currency||UAH, USD, EUR|
|Form of issue||Loan is issued in the form of non-revolving or revolving credit line|
|Repayment schedule||Upon maturity; interest payment on a monthly basis|
|Fee||Front-end, 1% of the amount of the set limit|
|Collateral||Grain and oil crops|
|Requirements to collateral||Grain stored under double warehouse certificate (wheat, sunflower seeds, rape, barley, rye, corn, soia) can be pledged |
Requirements to double warehouse certificates:
Requirements to borrowers
|Collateral insurance||In any insurance companies accredited by the Bank and chosen by the customer|