The fund has the ability to provide the developers with financing at very competitive rates in comparison to the lending rates available locally in South Africa and will receive first charge collateral security
over the developments," the companies said.
If a policy has been assigned as collateral security
for insured's loan, are the life insurance proceeds includable in insured's gross estate?
Pensher Skytech balance aesthetics and high performance to ensure that personal safety and collateral security
are never compromised.
A bank shall use the standard flood hazard determination form developed by the Director of FEMA when determining whether the building or mobile home offered as collateral security
for a loan is or will be located in a special flood hazard area in which flood insurance is available under the Act.
Another difference between software leasing and traditional equipment leasing lies in the lessor's collateral security
for the user's payment obligations.
More to the point, they typically waive any failure, neglect, omission or delay on the part of the lender to realize on, take advantage of or protect or perfect in any collateral security
for the loan, or to exercise any right or remedy with respect to the borrower's property.
Under each scenario, the cash flows from each collateral security
were aggregated, and applied to the transaction structure.
Prest Loans offers short term or long term Loans, with or without collateral security
, to new and existing businesses, including Micro, Small or Medium Enterprise (MSME unit) in any kind of business.
Such loan will be extended by MLIs without any collateral security
and/or third party guarantee.
Keeping in mind that SMEs often face difficulty in providing enough equity or collateral security
and with a view to assisting SMEs, ODB in collaboration with the Ministry of Commerce & Industry, has entered into agreements with two commercial banks Bank Muscat and Oman Arab Bank in sharing their risk by providing 50 per cent guarantee to the lending bank, through which loans up to RO250,000 may be availed for viable projects not exceeding total investment of RO500,000.
The loans will be offered under CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) Scheme, and no collateral security
is required for such loans.
Vontobel said the new product series offers investors "additional safety as issuer risk is excluded by means of collateral security