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New partnership with ASEI for project insurance
ASEI a Government owned Insurance company has partnered with us in order to secure our members' projects.
Alpen Ressourcen Sparkassa has entered into an agreement with ASEI (www.asei.co.id);
Our members are Finance Companies from all around the World. They in turn service clients from various backgrounds and in different fields. Some of said clients ranging from startups to established companies.
Our main activity is to pool our members’ assets together in order to create a substantial assets pool.
When one of our members requires help, we allocate some assets for him and issue a collateral letter that can be in various financial forms.
Said instrument is then forwarded to other financial institutions around the World as per our member's instructions.
As there seem to be, more and more, a requirement for rating and as we do not have any major debts, we decided to find an insurance company that could wrap our instruments. Because of our Asian based members and risks inherent to their geographical locations, we partnered with an Asian entity, ASEI. After a lengthy process the agreement was finally reached. At ASEI's request we performed an audit by a local International auditing firm, ARH&J Jakarta, Indonesia associated with the Japanese firm NOZAKA CPA.
We are glad to announce that we are now able to propose, subject to approval by both our credit committee and ASEI, instruments wrapped by a rated institution, ASEI.
These wrapped instruments have been designed to apply to any geographical location. They usually insure lenders in case of default by the borrowing companies.
Please feel free to contact us for any queries you might have regarding aforementioned product or any others that you can find on our web site at www.alpensparkassa.com