Facility Confirmation and Security

The facility is considered formally secured once the Term Sheet has been duly executed by all relevant parties and formally accepted by the applicant. At this stage, all key commercial terms—such as the facility structure, the face value and tenor of the Bank Guarantee, applicable fees, delivery conditions, and the responsibilities of each party—are contractually agreed upon.

Execution of the Term Sheet signifies the mutual intent to proceed and represents a binding commitment under the agreed terms and conditions. It also initiates the preparatory steps for issuance, including internal compliance clearance, coordination with the issuing bank, and the lodging of collateral assets by Balkan Capital Assets, as the Provider.

From this point forward, the transaction proceeds toward final documentation, bank-level coordination, and guarantee delivery in accordance with the agreed timeline set out in the Term Sheet. This milestone effectively secures the facility, subject only to procedural execution and fulfilment of any remaining conditions precedent.