Based in Hong Kong, Trex Capital Asia has made a name for itself in private equity and venture capital. Our the past couple of years, due to Covid lockdowns the company has made a pivot to world wide project financing.
The company unveiled a product earlier this year called the Collateral Loan Program. Put simply, Trex Capital Asia will issue collateral in the form of a leased Standby Letter of Credit, with they will then monetize with their own credit facilities for the benefit of a clients project.
The company announced earlier this month that they were seeking world-wide representatives for their products. “We are seeking entrepreneur minded representatives globally that would be a good fit for our firm. We want to find the right candidates for each local.” said Tao Mai, Director of Trex Capital Asia.
What’s so interesting about this announcement was the financial backing Trex Capital Asia is willing to give its representatives. Representatives that bring applications for Project Finance forward successfully, defined by Trex Capital as having the required escrow payment deposited will be paid directly, and immediately by Trex Capital. Meaning that a Representative does not even need to wait for the transaction to close to get paid.
Why is Trex Capital doing this, as its unheard of in the industry? They seem to be so confident in their products “We know that once we are in position to provide collateral or project finance directly that the transaction will close.” commented Chris Brock, Trex Capital Asia’s new North American Director.
In addition to the financial backing, representatives also enjoy some of lowest lease SBLC fees in the industry at 3% of the instruments face value (https://trexcapitalasia.com/banks-and-procedures). In all actuality other issuance firms can barely compare with fees of 6% to 8%. With no maximum amount of funding, the firm itself is taking on larger institutions as well.
Parties that are interested in becoming an authorised representative of Trex Capital Asia are encouraged to contact the office by email [email protected]. Parties with past experience and many potential projects will be given priority.
Media ContactCompany Name: Trex Capital AsiaContact Person: Chris BrockEmail: Send EmailCountry: HongKongWebsite: https://trexcapitalasia.com
