Mps-Parmigiano Reggiano agreement: credit for companies thanks to the revolving pledge of cheeses
A financial model using a high level of collaboration and specialisation is perfected with expected benefits for the entire agri-food chain
Banca Mps and the Parmigiano Reggiano DOP Consortium have signed a new memorandum of understanding to strengthen credit access tools for consortium member companies.
The agreement, reads a note, introduces a structured model for verifying, certifying and valuing the cheeses of Parmigiano Reggiano DOP destined for the constitution of a revolving pledge to guarantee bank loans, thanks to which Mps will be able to speed up credit inquiries and create a virtuous information-sharing mechanism.
No specific ceiling of resources is envisaged, but the protocol 'defines, in a precise manner, the qualitative-quantitative control activities, the procedure for certifying batches of products, and the methods of collaboration between the Bank, the Consortium, and consortium members', ensuring 'uniform standards, transparency of costs, and greater protection, both for operators and for the credit system'.
The Consortium undertakes to carry out, "by means of inspection personnel,documental and physical checks on the pledged forms, issuing certificates necessary for the constitution, integration or replacement of the pledged items".
"In years characterised by macroeconomic uncertainties, this is an excellent development opportunity to offer our companies access to credit and guarantee liquidity during the maturing phase of our PDO. The objective is to strengthen the solidity of the companies, supporting their growth and competitiveness,' commented the president of the consortium, Nicola Bertinelli.
