COLLATERAL
The new guarantee system for your business transactions

Collateral is an operating and monitoring process which is applied to business transaction or industrial supplies between small and medium-sized enterprises. Such application ensures both the buyer and the supplier to prevent credit risks or performance risks. Collateral is a trust service dedicated to the ccompanies that have less means with which to protect themselves or to deal with transactions risks.

SmarTechT is an indipendent third party firm, acting as a “guarantor” in a commercial transaction between companies, applying the collateral process

In a commercial transaction or industrial supplies between companies or between companies and public authorities, collaterals increasingly represent a milestone of the contract. Smartecht holds the role to ensure projects run smoothly and payments take place regularly.

  • does not take part in selecting the buyer or suppplier
  • takes care of drafting the detailed contract that regulates the business transaction
  • manages exclusively the financial stock dedicated to the supply
  • carries out an on-going monitoring, by checking and validating the progress of works
  • manages to fix dispute settlements or stress scenarios

Collateral’s features

Collateral process applied to business transaction or industrial supplies between small and medium-sized enterprises., represents an attractive option to most common tools for commercial guarantees, such as bank guarantees, surety bonds or performance bonds. It provides some benefits:

Smartecht has an active role: draws up a detailed contract, manages financial stock for the supply, is responsible to monitoring, verifying and validating time of implementation and progress of works

Collateral is not a standard procedure, but it is customized implementation, fliexible use according to your needs

Collateral takes place outside of banking or insurance system and it is a viable alternative to bank guarantees, surety bonds or performance bonds.

Expected costs are generally lower, compared with those for banking or insurance services