01 — Inspection and verification
Collateral management
Verification of stock pledged for a loan, monthly, with a report to the bank. For borrowers using the commodity as security.
← All servicesWe work under contract with the bank. When a client pledges a grain or oilseed stock for a loan, the bank calls us to verify every month that the goods exist, in the quantity and condition declared. We measure, reconcile with the warehouse records and report.
What it covers
- 01Initial stock verification, at loan drawdown
- 02Monthly checks: measurement, spot weighing, condition of the goods
- 03Reconciliation with warehouse records: stock cards, receipts, deliveries
- 04Dated photographs and a report to the bank and the borrower
How it goes
- The bank sends the instruction: warehouse, commodity, quantity.
- Initial verification, with the borrower present.
- Monthly checks, on the agreed date.
- A report after every visit.
What you receive
The stock verification report, the same day: quantity found, difference against the records, condition of the goods, photographs. It goes to the bank and to the borrower.
Questions about this service
Who calls us: the bank or the client?
The bank, under the contract we have with it. The client knows about the visit and gives us access to the warehouse.
How often is the stock checked?
Monthly, as a rule. The bank can ask for additional checks, especially when the stock goes down.
More answers, on the GAFTA and FOSFA rules: frequently asked questions ↗
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