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Transaction Procedure

The request for a guarantee should be submitted by the financial institution which is providing the financing. The request should provide the following initial information:

 

  • Type of guarantee requested and amount;
  • Profile of the institution including legal status, key activities, shareholding, directors, management;
  • Three year audited accounts; and
  • Description project/product program requiring guarantee support and type of guarantee suoght.

Upon receipt of the application together with the accompanying information, AGF will carry out a quick dip-stick review to be followed by the issuance of an indicative term sheet. Once the indicative term sheet has been accepted, AGF will commence detailed due diligence touching on the following (click for information). AGF has an average transaction turn-around time of one month.

Pricing

AGF uses a Price-to-Risk model in arriving at the actual pricing for a guarantee facility to be availed to a particular financial institution. Pricing may vary across banks depending on the quality of the portfolio as measured by among others, the default rate. Below are indicative prices of guarantees:

 

Loan Guarantees

Facility Fee

Utilization Fee

Individual Guarantee

0.75%

1.75%

Portfolio Guarantee

0.75%

2.0%

Counter Guarantee

0.75%

1.75%


Bank Resource Mobilization 
Guarantees

 

 

Guarantee

1.0%

2.5%

Counter Guarantee

1.0%

2.5%


Equity Guarantees

 

 

Guarantee

1.0%

5.0%

Counter Guarantee

1.0%

5.0%

Video Gallery
AGF Training - Credit Bank Limited
October 2016
2017 EUROPEAN DEVELOPMENT DAYS 
8th June 2017
2016 AGF Annual Report
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