Description:

The product involves the shipment of goods using a vessel with flags of convenience registered in a different country.

Appears in:

• Acquisition Leveraged Finance
• Borrowing Base Facility
• Certificate of Deposit (Broker Acting as Principal)
• Credit Facility
• Discounting of Receivables With or Without Recourse
• Documentary Collections (Export)
• Export Credit Agency Cover
• FX Prime Brokerage (Continuous Linked Settlement)
• FX Prime Brokerage (Non-Continuous Linked Settlement)
• FX Spot
• Import Guarantee (Standby Letter of Credit)
• Letter of Credit and Guarantee Syndication
• Leveraged Loan
• Loan Syndication
• Multi-Product Facility
• Revolving Credit Facility (Bilateral Agreement)
• Revolving Credit Facility (Syndicated)
• Standby Facility

Addressed by:

• Early Termination Clause: Legally binding agreements relevant to the service include an early termination clause for high-risk clients or sanctions breaches.
• Limits on 3rd Party Payments: Restricted capacity to make 3rd party payments.
• Sanctions Payment Filtering: Screens financial transactions to identify potential matches against international economic and financial sanctions.
• Transactional Due Diligence (TDD): Conducts a detailed examination of specific transactions identified as being higher risk.