Security Agent
Agency arrangement solely to follow up, assist in and ensure creation of security. We assist in obtaining the documents of title, obtaining title search report, valuation of securities, payment of appropriate stamp duty, vetting of documents and creation of security in favour of lenders.
We
- security creation procedure and stamp duty provisions/implications.
- creation and holding of the security as an agent of Lenders.
- keeping the security documents and documents of title in safe custody.
- acting upon the instructions of the Lenders.
- monitoring the security & if need be, review financial position of Borrowers from time to time.
- monitoring the Asset Coverage Ratio, if stipulated.
- maintain Records and submit various reports to the Lenders.