Warehouse financing is a form of inventory financing in which loans are made to manufacturers and processors on the basis of goods or commodities held in trust as collateral for the loans. The goods may be held in field warehouses located in the borrower’s facilities but controlled by PAEGAE or may be held in public warehouses both approved according to PAEGAE’s specifications.
PAEGAE issues a warehouse receipt to the borrower that certifies the quantity of the stored goods or commodities. Subsequently the borrower presents the warehouse receipt to the financial institutions in order to be funded.
PAEGAE is the only company in Greece that can issue Warehouse Receipt.