Non Recourse Program - Non-Rated Bank
1. Financial Institutions Accepted: subject to quota availability 2. Minimum Blocked Funds Amount: 150M 3. Currency: USD or Euro 4. Type of Asset backed Blocked Funds: Can Be Any like Company Guarantee, Real Estate Property, Precious Minerals, etc. 5. Blocked Funds Letter Validity: One Year 6. No Swift Required, No bank/financial instrument required. No cash backed funds required. Asset backed fund is fine...A blocked fund letter is all we need. 7. Verification/Confirmation: Just make sure the issuing financial institution will reconfirm the blocked funds / Adm. Hold letter when the trader/funder's bank will request it. 8. Documents Requirement: KYC and bank RWA letter. Non-Recourse Loan LTV: 21% - 30 % final ratio depend on funding bank A. 1% NRL cash advance in five bank days / - 30 % Commission B: 5% NRL First Month Payment / - 30 % Commission C: 5% NRL Second Month Payment / 30 % Commission D. 5% NRL Third Month Payment / 30 % Commission E: 5% NRL Fourth Month Paym