SALVUS ADVISORS JLT

Salvus Advisors JLT is owned by senior ex bankers and arranges banking credit facilities for companies in the UAE. We have arranged over AED 500 million in facilities in the last 12 months alone. The 2nd activity is that we help companies reduce intereest costs by arranging for usance letters of credit to be discounted outside the UAE and suppliers paid at sight, thereby reducing the cost of borrowings significantly for importers in the UAE. The second area is that we arrange for discounting of export letters of credit received by companies, in overseas markets. Interest costs are far lower in global markets than in the UAE. We have discounted LCs from India, GCC, India, China etc. We have also arranged for one year financing against 1 year LCs from African countries. Trading companies will enormously benefit from our ability to cut interest costs. Our TradeSave services described above are worth exploring. Together with our partners, over USD 6 billion in LC discounting was done in 2012.