No; HICL Securities Limited does not require any financial collateral from Clients.

However, Clients must share their financials and project proposals to prove their capacity to afford repayments and charges associated with this program. Upon approval, Helios will obtain an Undertaking from Client’s company or agreement to pay certain percentage after receipt of SWIFT MT799/MT760; Client also agrees that in the event of breach/default, or any claim that may arise under the issued financial instrument, Client’s company will cover the entire amount of the claim.