Facility's Deal Features:
Each deal under any Facility is less than 120 days. This reflects the cycle of the underlying trade flow.
Each deal amount under any Facility is typically less than $50 million
Each deal is backed by trade contracts. Collection rights are assigned to Hommocks
No obligation for Hommocks to fund eacch deal. Thus, a $0 commitment fee is charged to the borrower.
Hommocks seeks to finance multiple shipments that the seller makes to the buyer. Not just one shipment.
Each self liquidating deal has an independent invoice amount, pricing, start date, maturity date, and customized terms & conditions.