CWEC was established by Andreas Charalampous in South Africa after being awarded the opportunity to establish a representative office for the Principle Company based on his accolades and success as an agent in establishing and facilitating trading relations with clients. CWEC has the exclusive mandate to facilitate their business in Africa. The representative office is based in , Johannesburg, South Africa.
Andreas has been providing trade solutions as an agent for over 15 years prior to being granted the representative office for the African continent and since inception has contributed to the growing demand for alternative source of finance for small and medium size traders requiring credit enhancement to support their business transactions.
CWEC’s role is to establish relationships with all clients requiring credit enhancements, providing all consultation to the clients and finally making representative to our collateral providers. The Business success attributed to maintaining the required standards of services, experienced management, structured logical solutions and foremost as a rule-service delivery on time.
When in doubt, consult one of our experienced CWEC trade finance representatives who will help you structure your international trade transactions to minimize risk and cost.
Let us help you select what’s most appropriate for your international and domestic trade needs.
Due to banking regulations, banks must enforce strict lending criteria without the ability to think or act outside of the box. Within the narrow parameters of traditional banking, it doesn’t matter if you have purchase orders; without enough inventory or accounts receivable as collateral, you will not receive trade services to assist to buy goods and grow your business.
CWEC | COMMONWEALTH EUROCREDIT is a service provider providing trade solutions for both established and upcoming business whose growth is constrained through financial limitations.
We assist in providing custom global trade solutions to traders, brokers and agents who do not have the credibility to obtain the financial assistance from their conventional local banks, and thirdly to enhance the credibility of the client in obtaining his supplier’s confidence on capability to perform thus also filtering the same to his buyers who would then place their own financial instruments to secure the commodities for themselves which the client can then replace with that backed by CWEC’s top financial instrument providers in the U.S.A., Europe and Eastern Europe.
These financial instruments range from:
- Documentary Letter of Credits
- Standby Letter of Credits | Bank Guarantees
- Performance Guarantees
- RWA / POF
CWEC negotiates the terms and conditions of the financial instruments with the clients before obtaining the required financing from the financial instrument providers. The financial instrument formats are accepted by the client’s in writing before implementation.
CWEC has experienced trade services professionals dedicated to help with your cross border trade. CWEC through its affiliated companies also has a network of decentralized agents and brokers throughout South Africa and Africa that have been recognized for their contact network in the industry and are a source for leads of clients to whom our services are offered. These agents and brokers are rewarded on a success bases and this has proved to be a great motivation for them.
These financial instruments allow our clients to take advantage of the commodity trade as opportunities globally and more specially in South Africa / Africa, where the client’s require a financial instrument to be in place with their supplier for a long term period to secure their contracts.
CWEC has a mission to provide credit enhancements to initiate the clients trading activities with cost effectiveness as its main priority.