Secured Loans

Secured Loans

Discounted Bills


The promissory notes, in either LCY or US Dollars, are endorsed by the client wishing to discount the documents and these documents are held by Citi until the credit has been repaid. Interest rates and fees are negotiable and can either be discounted directly or paid on a basis established prior to disbursement.

This product also includes the possibility of a portfolio purchase (i.e. the client`s accounts receivables portfolio). Portfolio purchases can be instrumented with full recourse, partial recourse, or no recourse depending upon the transaction dynamics.

The benefits offered by this product include:

Target Client


Local and Foreign companies.

Basic Requirements


Meet new client criteria.

Required Documents


Same as described in Commercial Loans section.