Glossary

Deed of Corporate Counter Indemnity - It is the general obligation to repay a debt. Specifically, it is a guarantee document obtained from the 'Client' in which they are liable to the Surety Provider for any and all monies for which the Surety Provider becomes liable in terms of a surety bond or payment guarantee issued on behalf of the 'Client' to an 'Acceptor'.

Fixed Charge - It is a lien or registered mortgage security, taken over a specific fixed asset, usually a parcel of land, in order to secure the repayment of a loan or credit facility.

Floating Charge - Unlike a fixed charge, this does not attach to any single particular asset and floats over a class of assets during which time the component parts may change.

Shabus Accredited Agent - In the context of this glossary, and due diligence, and in respect of any Enquiry or Application made to Shabus Securities Corporation, Shabus Group of Companies or any corporate member thereof then: - A Shabus Accredited Agent is an independent agent who has been specifically appointed and authorised by Shabus to introduce business to it and which agent has met with our minimum engagement criteria and whom is additionally bound by our Terms of Engagement and Code of Conduct. Shabus Accredited Agents may not in any way, manner or form, bind Shabus Securities Corporation, Shabus Group of Companies or any of its corporate members, surety bond suppliers and providers and/or funders to issue any surety bond, payment guarantee or funding. Shabus Accredited Agents may not raise or charge any manner of fees in any form whatsoever to any client of Shabus Securities Corporation, Shabus Group of Companies or any of its corporate members.