In addition to debt collection, AFRIK FINANCES has developed a debt carrying and/or debt acquisition offering. Debt carrying can be carried out over the short or medium term. Debt acquisition is primarily conducted through an asset management vehicle established for this purpose.
OUR APPROACH – DEBT CARRYING AND/OR DEBT ACQUISITION
- The Bank officially notifies us by letter of its intention to assign receivables.
- Signing of an NCDA (Non-Disclosure and Cooperation Agreement)
- Communication of information on the receivables (see template below)
- Proposal of a Termsheet including a fee to cover Due Diligence and structuring work
- Conducting Due Diligence and proposing a structuring scheme for the management and/or purchase of receivables
- Discussions with the Bank regarding the structure and terms
- Signing of a receivables assignment agreement as applicable (management and/or purchase of receivables)
- Implementation of the transaction
- Establishment of a Governance framework for the transaction (management and/or purchase of receivables)
- Periodic reporting & evaluation
