Wednesday, July 22, 2009
Role of Collateral Managers in Trade Finance
By using a collateral manager, the lender can make sure that goods, such as commodities, for example, are being controlled in such a way that if anything goes wrong with the loan, such as the borrower defaulting on payments, then the bank can get its hands on the goods which are the subject of the loan, and sell them to recover monies lent.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment