IBB International invests in Africunia Bank, the latest digital banking platform by underwriting AFCash (ICO) coin offerings for an initial value of USD$1 Billion.
United Nations Global Compact Fund House IBB International Holdings Limited (IBB) and Mainsail Trading Limited (MTL), both made an entry into the digital banking by underwriting the Initial Coin Offering (ICO) of AFCash, a digital currency being floated by Africunia Limited, a United
Kingdom based digital bank. IBB Holdings is a wholly owned subsidiary of Anametrics Holdings Limited and partner to Albatross Fund. Read More
Every sunset has a promise of a new dawn and each sunrise brings a new beginning, so it is for Albatross Fund. Albatross Fund has embarked on an exciting journey with Anametrics Holdings Limited; to be one of the leading financial powerhouses across the african continent. Mr. C.K. Low, group managing director and co-founder of the multi-billion dollar conglomerate, Anametrics Holdings Limited, recently amalgamated with Albatross Fund to spearhead the mission to “Re-create Wealth for Growth” in Africa and developing nations.
Mr. C.K Low is a seasoned business professional who earned his success in the areas of mining, manufacturing, renewable energy, petroleum, agriculture and global resources. He has expertise and experience in alternative banking, structured finance, mergers & acquisitions (m&a), & private equity. His primary objective is to achieve above average capital gains for shareholders, derived from expanding international activities through strategic partnerships armed with an aggressive management team.
Mr. T.L Makoni, co-founder and managing partner of Albatross Fund, at the commencement of the partnership, announced that Albatross Fund will be providing exclusive global trade financing facilities to companies in developing nations and these facilities are the key to encourage sustainable economic growth in these nations. “It is time for Africa to take a bold step forward and through this synergy with Anametrics Holdings Limited, for Albatross Fund to boldly re-create wealth for the growth of Africa.”
Johannesburg, South Africa (October 12, 2015):- Albatross Fund is a private international consultancy firm which primarily deals in trade finance, capital raising solutions and financial instruments. The company’s efforts are aimed towards recreation of wealth to allow businesses to grow and expand. This growth and expansion is facilitated by providing financial services to clients present in different regions where there is a lack of funding through the traditional channels. The company strives and continues to grow based on a back-bone of highly creative, dynamic and inventive experts, who work seamlessly to address the funding requirements of small-medium sized firms, organisations, companies, entrepreneurs, state enterprises and importers/exporters.
Presently businesses across the world do not have sufficient access to funding which limits their growth. The reason behind this is primarily the lack of adequate collateral to satisfy the funding and financial needs of the business. Hence, Albatross Fund has introduced collateraltransfer facilities in Africa, South East Asia, and South America so that businesses can develop in their region and grow globally.
With collateral transfer facilities, businesses can obtain collateral from the provider at a fee for a certain time period. A Collateral Transfer Agreement is signed by the Provider and the Beneficiary, in which the Provider agrees to issue the collateral in the form of (a) Demand Guarantee or (b) Letter of Credit towards the Beneficiary in return for a Fee.
During the time period of the agreement, the Beneficiary undertakes to utilize the collateral appropriately for expansion of their business operations that includes but not limited to import, export trading, and security for loans. The Beneficiary is responsible to pay off any debt against the guarantee prior to its expiry.
Albatross Fund has been active in the international market for several years and recently taken a public approach in embarking on its quest to “Re-create wealth for growth” of businesses.
Lucia, Global Operations Director
A significant portion of businesses operating globally are unable to access funding due to lack of collateral. Collateral transfer facilities enable business owners to accesscollateral from providers at a fee for a given tenure. The collateral is backed by assets/cash and issued by a financial institution on behalf of an applicant/provider.
The Provider agrees (through his issuing bank/financial institution) to issue collateral in the form of (a)demand guarantee (the Bank Guarantee/Standby Letter of Credit) or (b) Letter of Credit towards the Beneficiary in return for a ‘rental’ or ‘return’ known as the ‘Contract Fee’. The parties agree to enter into a Collateral Transfer Agreement (CTA) which governs the issuance of the Guarantee.
In the course of the relationship between Provider and Beneficiary, the beneficiary may utilise thecollateral for their own purposes which may include; security for loans, credit lines or for trading purposes. At the end of the term, the Beneficiary agrees to extinguish any encumbrance against the Guarantee and allow it to lapse (or return it) prior to expiry and indemnify the Provider against any loss incurred by default of loans secured upon it.
Over recent years, these collateraltransfer facilities have become more popular in certain regions as they enable the Beneficiary to have accessto substantial credit facilities by using the Guarantee as loan security.
At Albatross Fund, our mandate is to Re-create Wealth For the Growth of businesses through the provision of such facilities towards clientele domiciled in different regions upon satisfying our funding requirements.