BANK OF AFRICA's advance on securities offers your company the opportunity to take advantage of your listed securities by pledging them. Get an immediate answer to your liquidity requirement that will help relieve the burden on your cash flow.
Any company that is a BANK OF AFRICA customer and has a portfolio of securities listed on the stock market can claim this cash advance.
The amount of the advance generally represents a percentage of the pledged securities' market value, reduced by a discount depending on the quality of the security and the duration of the advance. The duration of the advance cannot generally exceed one year.
To obtain this advance, it will be necessary to pledge the securities as collateral, with delegation allowing the bank to sell the pledged securities at the fixed maturity or if the drop in value is reached, sign a promissory note and a loan contract.
The credit rate is fixed for a given period but can be revised if necessary. Special pricing may be granted to customers who favour their relationship with BANK OF AFRICA
For more information on BANK OF AFRICA's advance on securities, please contact your customer advisor or contact our Customer Relations Center on 08 01 00 81 00 to get answers to your questions.