Good evening) First I want to ask about your service itself and then also how many phases does the project have and what are they?
A unique service has been developed that provides safe deposits for investors on one hand and a comfortable trade funding solution on the other hand. The service has replaced credit, factoring and necessity of L/C and is being delivered via trade operations.
TradeBacking.com has 3 main phases:
Contracting
Purchase of goods
Sale of goods
Ok, I understood. But I want to go deep into these phases. What is happening during the first, second and the third stage? If it is not hard for you, of course
• During the first stage, our risk analyst department will investigate the client’s business model, reputation, finances and products. Our credit committee will decide the amount of credit and on the terms of providing the client with the access to funds. If more funds will be needed, the Trade House will send the deal description to investors and raise money.
• During the second stage, the Trade House will receive the client’s prepayment at a minimum amount of 30% of the total purchase price. The Trade House will pay 100% to the manufacturer, deliver and stores the goods in a safe warehouse for a maximum period of 90 days.
• During the third stage, the client will buy purchased goods from the Trade House – by lots or all at once, paying the rest of the 70% plus commissions for the Trade House and logistics costs. The Trade House will pay back funds and pay commission to the Investors.