The loans typically consist of US Dollar based structured trade finance credit facilities with a maturity of up to 36 months, supported by numerous individual transactions that are expected to be short-term in nature. Deals are entered into only after an intensive due diligence process including both top-down and bottom-up analyses of the company and industry as well as an on-site visit.
All transaction documentation is prepared by local legal counsel and any inventory used as collateral is supervised by 3rd party managers. IIG always takes a first lien on the collateral and payment is typically remitted by the borrower’s more credit-worthy off-taker to a collection account set up in the US and administered by IIG.
Each deal is structured separately based on several factors including, but not limited to: collateral, location of borrower and past working experience. Structures can include: