Collateral management has become standard practice for reducing risk in Sierra Leone's gold and diamond deals. Multipro provides custody, care and control of physical trade assets for commodity traders, financial institutions and owners or processors of mineral resources, so that financing and settlement can proceed against assets that are verifiably held.
How it works
- The asset is received into our Freetown vault or bonded warehouse, inspected, weighed and recorded.
- A collateral management agreement sets out who may instruct release and on what conditions.
- Regular stock reports go to the lender or buyer; inspection access is available on request.
- Release only against the agreed instruction, typically completed settlement or a lender's authorisation.
Assets we manage
- Gold and rough diamonds, in the vault under safe-keeping receipts
- Bulk minerals and general cargo in bonded or open warehousing
- Goods in transit through Freetown port or Lungi International Airport
Why Multipro
A logistics company with its own vault, warehousing and customs clearance in Freetown, and a security background. The asset, the paperwork and the movement are handled by one accountable party.
Frequently asked questions
What is collateral management?
Holding physical trade assets under independent custody, care and control so that a buyer or lender can finance them with confidence, releasing them only against agreed instructions.
Who uses it?
Commodity traders, banks and trade-finance lenders, and owners or processors of mineral resources.
How does it reduce risk in a gold deal?
The gold sits in our vault under a verifiable receipt from assay to settlement. The seller cannot sell it twice and the buyer does not pay for metal that is not there.
Related services
Buy gold in Sierra Leone Gold export and shipping Vault storage Collateral management Due diligence