Commission Operations

How are Commission operations performed

Commission operations are carried out on the basis of, on one hand, a Cooperation Agreement concluded between the Bank and the Principal, and on the other hand, a Commission Loan Agreement concluded between the Bank and the Loan Beneficiary. The Bank undertakes, under this type of arrangement, to receive funds from the Principal and, in its own name but for the account of the Principal, to conclude a Commission Loan Agreement with the Loan Beneficiary and make the full amount of those funds available to them.
The terms of approval for commission operations (amount, tenor, collateral instruments, etc.) are agreed upon between the Client and the Loan Beneficiary.