Investment Strategy

Disciplined origination. Structural repayment. No speculation.

  • Self-Liquidating Only Every disbursement requires both a purchase contract and a sale contract in place. Repayment flows automatically from buyer payment — no revolving facilities, no balance sheet lending.
  • Producer to End-User Altrus exclusively finances flows from producers or processors to industrial end-users. Trader-to-trader deals — where circular trading and fictitious flows typically hide — are avoided entirely.
  • Advance Ratio Discipline The advance ratio is the single number integrating all qualitative assessments. A borrower who pushes back hard on limits is a yellow flag — it is a behavioural alignment tool, not just a collateral calculation.
Buyer Payment Hierarchy

Preferred instruments, in order of security.

I
Letter of Credit — Gold Standard
Issuing bank substitutes its own credit for the buyer's. Repayment depends only on documentary compliance, not buyer willingness.
II
Documents Against Payment
Bank releases original shipping documents to the buyer only upon payment. Altrus retains constructive control of the commodity until that moment.
III
Advance Against Scanned B/L
Buyer pays before Altrus releases the original bill of lading — the document of title. Full document control until payment received.
IV
Open Account — Majors Only
Applied exclusively to major industrial buyers. Formal assignment of receivable. All buyer payments flow into co-signatory collection account.
Transaction Lifecycle

Capital returns automatically — by design.

Every transaction follows the same structured five-stage lifecycle from origination to repayment.

0

Origination

Borrower presents deal. Credit assessment. Advance ratio calibrated. Facility executed. Collection account opened with Altrus as co-signatory.

1

Disbursement

Altrus disburses to collection account. Borrower deposits equity. Cargo insurance confirmed. Inspection certificate received.

2

Goods & Docs

Goods shipped supplier to buyer. Bill of lading issued to order of Altrus. Vessel tracked via AIS. Shipping documents presented per contract.

3

Payment

LC bank reimburses; DP bank releases on payment; or buyer pays directly into co-signatory collection account.

4

Repayment

Principal and interest applied first. Borrower margin released only after full repayment. Capital recycled to next deployment.

Risk Controls

Five layers of structural protection on every transaction.

Control Layer Mechanism
Cargo Insurance ICC A all-risks open cover. Altrus named loss payee at policy level. Seller's Interest Clause mandatory. Confirmed before every disbursement.
Co-Signatory Mandate Collection account in borrower's name. No outgoing payment possible without Altrus's explicit approval — at any time, for any amount.
Assignment of Receivables Formal assignment of sale proceeds to Altrus. Notice served on buyer. Direct legal claim on proceeds independent of borrower.
Personal & Corporate Guarantee All-monies guarantee from directors and corporate parent. Guarantors' personal and corporate assets at risk.
Advance Ratio Borrower equity contribution ensures aligned incentives. Borrower loses own capital before the fund loses anything.