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IINNDDUUSSTTRRIIAALL DDEEVVEELLOOPPMMEENNTT
PUBLIC & PRIVATE SECTOR
- Infrastructure
- Technical Hardware
- Energy & Water
- Agroindustry
TO:
In accord with Iso9001-2000 std & SA8000 std
Date Version Release File Sign.
Jan.2017 English 1.0 Pr.English
Copyright of West Africa Constellation Programme ®
Industrial Development Programme – West Africa Regions Logistic System from Europe to West Africa - Industrial Projects & Management European Back Office – Como (Italy)
Ph.0039.340.2677759 – Mail:[email protected] – [email protected]
Pbx 0039.31.988695 – Fax 0039.31.988683 – Mobile IT 0039.340.2677759
Local Back Office – Banjul (The Gambia)
FINANCIAL STRUCTURE & FACILITIES
The Financial Facilities are in relation at singles project
what have the correct plan of investment with generation of
economic margin.
There are two typologie of support:
- Public Projects and Private Projects
The particularity is the accept of Guarantee from
African banks: ECOBANK – ACCESS BANK OF THE GAMBIA GAMBIA TRUST BANK – CREDIT DU SENEGAL
SOCIETE’ GENERAL DES BANQUE AU SENEGAL
SKYE BANK
Second Guarantee
ADB
EIB
International banks:
Standard Chartered Bank
The operation is direct closed with local Company or parteciped JV. For the Public sector through a company controlled by the same entity.
BUILDING – HOTELERIE & PUBLIC
---------------------------------------------------------------------------------------------------------------
ENERGY PRODUCTION & COMPONENTS
WATER PLANTS & COMPONENTS
HOTELERIE HARWARE & FURNITURE
AGROINDUSTRY – FOOD & BEVERAGE PRODUCTION
Example of Investment Structure for Projects in WEST AFRICA (Ecowas) – FORFAITING
MIGA(Word Bank)
Guarantee - Country Risck
Forfaiting
70%
Local Partener
20%
Public or private
Local Specialized Company
Infrastructure/Industry
Local Bank
Guarantee
Mortgage Plan
3/5 Year
Example of Investment Structure for Projects in WEST AFRICA (Ecowas) –
PARTECIPATION & FORFAITING
=
MIGA(Word Bank)
Guarantee - Country Risck
Forfaiting
70%
Supplier
10%
Local Partener
20%
Public or private
Local Specialized Company
Infrastructure/Industry
Local Bank (investor)
Guarantee
Supplier
Local Partener
What is Forfaiting Forfaiting is a form of international supply chain financing. It involves the discount of future payment obligations on a without recourse basis.
Forfaiting can be applied to a wide range of trade related and purely financial receivables. Although discounted receivables typically have maturities over medium terms of 3 to 5 years they can be as short as 6 months or as long as 10 years.
Forfaiting is a flexible discounting technique that can be tailored to the needs of a wide range of counterparties and domestic and international transactions. Its key characteristics are:
100% financing without recourse to the seller of the debt
The payment obligation is often but not always supported by a bank guarantee
The debt is usually evidenced a legally enforceable and transferable payment obligation such as a bill of exchange, promissory note, letter of credit or note purchase agreement.
Transaction values can range from US$100,000 to US$200 million
Debt instruments are typically denominated in one of the world’s major currencies, with Euro and US Dollars being most common.
Finance can be arranged on a fixed or floating interest rate basis.
Example of Investment Structure & Guaranties – West Africa Countries
=
Note:The initial capital guarantee is available on the amount of initial investment not covered from the grants, to the attainment by
the business profits equivalent to the value of the guarantee provided.The form of guarantee is a Banking or insurance guarantee
MIGA(Word Bank)
Guarantee
Industrial Partecipation
Equity Investor
Public Co./Institution
Partecipation
International
Commercial Banks
(MT Loans)
LOCAL PRODUCTION UNIT
MANUFACTURING COMPANY
FUND,FOREIGN COMPANY,LOCAL PATRS (Public or Private)
International
Bank
Guarantee
Notice of Coverage
International Grants
& Donors
Project finance
Int.University or
Equivalent Local University
Formation & Research
FEWACCI
Inst. Sponsor & Coord.
Cert.Suppliers
Partnership
Guarantee
Are Request a guarantee from Local Bank or International Bank or Development Bank
Fir the “Forfaiting Operation”
Insurance
Hardware
Gambia National Insurance Company Ltd
----------------------
Country Risck
West Bank (MIGA) insurance
World Bank-Miga
EXAMPLE OF MORTGAGE PLAN
To ……………………….. ……………………….. (name and address of the Exporter) Letter of Guarantee no. …………..
………………………………………
(place and date of issue) Dear Sirs,
We have been informed that you have concluded a contract no. ………. (the “Contract”) with Messrs. ……………………. (name & address)……………… (the “Importer”) dated ………………. for the supply of ……………………………………………………………… (description). In this context the following Promissory Notes have been issued:
No. Date of issue Currency Amount Maturity Dates
1
2
…..
……
TOTAL
issued by : ………… (insert name and address)……………… to the order of : ……………… (insert name and address) ……………. payable at : …………………(insert name and address)……………. As security for the payment of the above detailed Promissory Notes the Contract calls for the provision of a Letter of Guarantee. In consideration of the above, and at the request of the Importer, we, …………..(Insert name and address of the guaranteeing bank) ……….., hereby irrevocably and unconditionally guarantee, as primary obligor and not merely as surety, payment at maturity of the above mentioned Promissory Notes to your order on first written demand, without protest or objection, in effective currency of the presentation without any deductions whatsoever of any nature present or future, irrespective of the validity and effects of any contractual dispute and waiving all rights of objection and defence arising therefrom, up to an aggregate amount of …………………….. Such written demand may be made by authenticated swift. The total amount of this Letter of Guarantee shall be reduced by any payment effected by us hereunder. We confirm that both the Importer and ourselves have received all necessary authorisations and registrations, including any foreign exchange approvals, to enable us to effect payment under this Letter of Guarantee of the above mentioned amounts on their maturity dates. This Letter of Guarantee is valid until 30 days after the due date of the last Promissory Note, after which it shall automatically become null and void, except to the extent of any valid claim received on or prior to such date. The rights under this Letter of Guarantee are fully and freely transferable, subject to our receipt of such notice of transfer, and we hereby undertake to promptly acknowledge such transfer to any new bona fide assignee without charge. This Letter of Guarantee is governed by, and shall be construed in accordance with, …… Law. Non-exclusive place of Jurisdiction shall be the Courts of …………….. Or “This Guarantee shall be governed by and shall be construed in accordance with the uniform rules for demand guarantee ICC publ. 758”. We hereby confirm that the undersigned are duly empowered to sign this Letter of Guarantee which is duly issued and fully binding for and on behalf of ……..(Name and address of the guaranteeing bank)…….. Best regards __________________________________________ (authorized signatures of the guaranteeing bank
Date Version File Release Rev.
1.0 Eng. MP.01 1 0
PREPARATORY DOCUMENTATION:
NAME OF CLIENT:_____________________________________________________
NAME OF SUPPLIER:___________________________________________________
AMOUNT (USD):________________________________________________________
GOODS/INTERVENTION:_______________________________________________
_______________________________________________________________________
_______________________________________________________________________
______________________________________________________________________
MORTGAGE PLAN (YEAR)_______________________________________________
TYPE OF GUARANTEE:__________________________________________________
_______________________________________________________________________
TIME OF DELIVERY/REALIZATION:______________________________________
INSTITUTIONAL PARTNER/AUTORIZATION:______________________________
_______________________________________________________________________
ANNEX:
- Business Plan
- Executive Project
- Pro-Forma Invoices
- Pro-Forma LC
- Bank Guarantee
- Country Risk Insurance
- _______________
- ________________
( annex no._____documents)
Signature & Date
Eng. Gian Matteo Balestrini
Ph. 0039.340.2677759
Ph. 00220.7485112
Mail: [email protected]
Mail: [email protected]
Skype : GIAN.MATTEO.BALESTRINI 3
