The general
lending policy outlined herein, is subject to
geographical location and attempts to give some of the types of
financial accommod-
ation and facilities that may be provided.
The terms are given as a guide, and are therefore subject to
change as dictated by the market conditions and lending portfolio
requirements.
Overall flexibility can be provided by a combination of some of
the various types of financing listed, and perhaps provide new avenues
of financing for quality projects not necessarily falling within the
perimeters outlined.
We accept loan applications of Five Million ($5,000,000) US
Dollars upwards.
STANDBY COMMITMENTS
Arrangements may
be made for the provision of Standby Commitments
to
provide for permanent financing. Such commitments are usually written
and formulated upon terms that do not envisage that a drawdown and
take-
out would prove to be attractive to the borrower for any
substantial period of time. Such commitments are widely utilised,
however, to permit construction and interim financing on projects which
it is inappropriate to arrange concurrently the ultimate permanent
financing, specifically in connection with International developments
involving foreign exchange transactions and regulations.