Warehouse and goods reserve sheets
VÚB offers financing for temporary storage of crops in accordance with the provisions of Act No. 144/1998 Coll. on a warehouse reserve sheet, a goods reserve sheet and on amending certain other acts in the form of a term or revolving loan.
Warehouse reserve sheet
A warehouse reserve sheet is a security that is a confirmation of receipt of goods for storage in a Public Warehouse and through which it is possible to obtain funds up to a certain amount for a certain period of time. In order to secure such ensuing commitments, a lien may be established on the goods for which the warehouse reserve sheet is issued. A warehouse reserve sheet can be exposed to cereal grains, including corn, or oilseeds, and the stored commodity must be accepted by the bank.
- A warehouse reserve sheet must be issued by a warehouse that is acceptable for VÚB
- maximum period of loan maturity is 12 years
- interest rate is determined on an individual basis
- a fee for not drawing the whole loan shall not be applied
Benefits for the client:
- the possibility of obtaining funds for which the client will use their agricultural commodities as collateral
- minimum loan collateral
- individual approach to individual applicants
- a strong partner with a strong market position
- the widest network of offices in Slovakia
- a professional team for professional and financial assistance
Goods reserve sheet
A goods reserve sheet has the character of a lien and is a confirmation that the issuer has placed the goods as collateral to secure the financial commitment specified on it. The goods are mostly stored in the owner's own warehouse.
- the specification of commodities is identical as with the warehouse reserve sheet
- The goods reserve sheet has to be registered at the Ministry of Agriculture and Rural Development of the Slovak Republic
- funding can be provided up to the maximum amount of 80% of the value of the goods
- the maximum period of loan maturity is 12 years
Benefits for the client:
- the possibility of obtaining funds for which the client will use their agricultural commodities as collateral
- minimum loan collateral
- individual approach to individual applicants
- a strong partner with a strong market position
- the widest network of offices in Slovakia
- a professional team for professional and financial assistance
