Chicago, IL, February 15, 2018 --(PR.com
)-- Delract, Inc., an American multinational commodity trading and investments company, announced today that it has revised its policies, which previously mandated that the company participate only in trade deals that originated at Delract and were strictly in a commodity in which the company specializes.
The company will now finance up to 50% of import or export deals of a third party in any widely-traded commodity.
"We will finance up to 50% of the entire transaction, and expect to receive half of the profits, which are estimated in advance, as per prevalent currency exchange rates," said Martin Healy, Assistant Vice President for Trade at Delract.
"A single trade, from sourcing and dispatch of goods to receipt of payment, typically takes less than 45 days. This excludes shipping time, as most payments are released as soon as the goods are shipped. If you look at any of the transactions in emerging markets, such as Thailand, Turkey, or Brazil, importers and exporters are netting about 3-4% per trade. Financing a part of the deal to get a proportionate share of the profits gives us an edge over the low-interest-based model that the banks are using to finance deals," he added.
Healy elaborated on why his company’s participation is so vital: "Traders do not want to go to banks because banks in emerging economies in particular are slow to respond to finance requests because of the inherent risks of a transaction when the bank is on the outside. In our case, we are essentially part of the deal, and everything from the clearing of goods to payments goes through us.”
About Delract: Founded in 2013, Delract, Inc. is an American multinational corporation based in Chicago, Illinois, United States with subsidiaries involved in manufacturing, trading and investments globally.