A leading printshop was operating without bank financing facilities, and was unable, according to its CEO and owner, to show proper collateral to get a credit facility. This resulted in excessive interest payments for using credit.
A check of its order backlog revealed that it had won tenders that included printing of checks (bank notes), including for that printshop’s bank.
After exacting preparation work and contacts with the bank, an understanding was reached under which the tenders for printing checks, including those of other banks, would be valued of a quarter of their financial volume for collateral purposes for the bank credit facility.