Collateral Management Services
Collateral Management Services
Mitchell Cotts Freight’s collateral management services consist of receiving physical commodities into storage and retaining control over them until Mitchell Cotts is instructed to release them in accordance with predetermined terms of agreement. Physical control is achieved by obtaining and regulating technical and security aspects of the storage facilities in accordance with Mitchell Cotts internal warehousing standards. Legal control of the storage facilities is secured through the execution of a lease and / or storage agreement with the owner of the facilities.
Additional services such as sampling, distribution and insurance of the goods in storage are available upon request. Unless local legislation or the agreement requires that documents of title be issued, receipt of the physical commodities into storage by Mitchell Cotts Freight Kenya Ltd. is evidenced by the issuance of non-negotiable warehouse receipts.
The advantage of using Mitchell Cotts collateral management services include:
- Access to structured trade finance.
- Increases flexibility and opens options in trade finance transactions.
- Transfer of storage and other associated risks to the collateral manager.
- Physical and documentary control of the pledged goods.
