Hommocks | Trade Finance | Deal features

Facility's Deal Features:

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Short Term:

Each deal under any Facility is less than 120 days.  This reflects the cycle of the underlying trade flow.

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Amount:

Each deal amount under any Facility is typically less than $50 million

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Collataeralized:

Each deal is backed by trade contracts.  Collection rights are assigned to Hommocks

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Uncommitted:

No obligation for Hommocks to fund eacch deal.  Thus, a $0 commitment fee is charged to the borrower.

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Recurring:

Hommocks seeks to finance multiple shipments that the seller makes to the buyer.  Not just one shipment.

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Transactional

Each self liquidating deal has an independent invoice amount, pricing, start date, maturity date, and customized terms & conditions.