Trade Services

FIRA Credits

Ideal for primary commodity producers and traders

Description

Line of Credit through which Monex is able to provide credits to companies of the agricultural sector and others that qualify for FIRA support (Trust Funds for Rural Development).

Loans with inventory guarantee with pledge of Certificates of Deposit and commodity Pledge Bonds.

Revolving line of credit that requires a guarantee by FEGA (agricultural guarantee fund), which is provided by FIRA to Monex.

On a selective basis, Monex may grant credits other than inventory loans.

Characteristics
  • One year term and during such period the company may draw funds whenever so needed, without exceeding the credit line amount.
  • Being a revolving line of credit, any principal payments made release resources that will once again be available to the company.
  • Principal and interest payments are paid upon the credit’s maturity and any pre-payments may be credited with no cost whatsoever to the borrower.
  • In the case of inventory credits, Monex shall take a haricut between the credit’s amount and the guarantee’s amount that is set for each case.
  • Credits may be granted in pesos or USD.

THE SUPPORT YOU NEEDED

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REQUIREMENTS

1

Contact your Account Executive

2

Forward the financial and legal information in order to make an assessment

3

Contracting and compliance of conditions set by the Credit.