{"id":159,"date":"2026-05-18T13:08:20","date_gmt":"2026-05-18T13:08:20","guid":{"rendered":"http:\/\/madabrt.cluster100.hosting.ovh.net\/semad\/?page_id=159"},"modified":"2026-07-01T08:50:13","modified_gmt":"2026-07-01T08:50:13","slug":"collateral-management","status":"publish","type":"page","link":"https:\/\/semad.mg\/index.php\/collateral-management\/","title":{"rendered":"Collateral Management"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"159\" class=\"elementor elementor-159\" wpc-filter-elementor-widget=\"1\">\n\t\t\t\t<div class=\"elementor-element elementor-element-51df1b64 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-column-slider-no wpr-equal-height-no e-con e-parent\" data-id=\"51df1b64\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-fa3d9d0 e-con-full elementor-hidden-tablet 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data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Collateral Management<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-56fac336 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-column-slider-no wpr-equal-height-no e-con e-child\" data-id=\"56fac336\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7b23999c elementor-widget elementor-widget-text-editor\" data-id=\"7b23999c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tSEMAD S.A. acts as a trusted, independent custodian through our comprehensive Collateral Management Agreements (CMA) across Madagascar.\nWe bridge the trust gap between international financing banks, local underwriters, and importers by taking absolute physical and legal custody of commodities from the moment of vessel discharge until final warehouse release. \nBy operating in complete autonomy and managing 100% of the logistical and security chain, we eliminate default risks, mitigate stock discrepancies, and guarantee that collateral remains fully secured.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2f77619e e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-column-slider-no wpr-equal-height-no e-con e-parent\" data-id=\"2f77619e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-18fef112 elementor-widget elementor-widget-heading\" data-id=\"18fef112\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">OUR SERVICES<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7d90ca6 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-column-slider-no wpr-equal-height-no e-con e-parent\" data-id=\"7d90ca6\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-449e3d45 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-column-slider-no wpr-equal-height-no e-con e-child\" data-id=\"449e3d45\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6ba2a327 elementor-widget elementor-widget-heading\" data-id=\"6ba2a327\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">End-to-End Custody &amp; Supply Chain Control<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-26e55c58 elementor-widget elementor-widget-text-editor\" data-id=\"26e55c58\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>We do not rely on third-party service providers; SEMAD S.A. directly manages and assumes full operational responsibility for the entire inbound flow.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf927b2 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"bf927b2\" data-element_type=\"widget\" data-e-type=\"widget\" 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facilities.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M173.898 439.404l-166.4-166.4c-9.997-9.997-9.997-26.206 0-36.204l36.203-36.204c9.997-9.998 26.207-9.998 36.204 0L192 312.69 432.095 72.596c9.997-9.997 26.207-9.997 36.204 0l36.203 36.204c9.997 9.997 9.997 26.206 0 36.204l-294.4 294.401c-9.998 9.997-26.207 9.997-36.204-.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong>Full Operational Control : <\/strong> Our dedicated teams\u2014including expert Tallymen, dockers, warehouse keepers, and specialized security personnel\u2014are entirely under SEMAD\u2019s payroll and supervision, ensuring an unbroken chain of 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d=\"M19.23,21.94c.61-.13,3.67-.11,4.36-.02.51.06,1.02.48,1.2.95.22.57.2,3.52.13,4.25-.08.83-.56,1.49-1.42,1.58-.94.1-2.99.09-3.95,0s-1.41-.8-1.5-1.68c-.08-.81-.1-3.46.14-4.15.14-.4.62-.85,1.03-.94ZM23.27,24.18c-.85-.79-1.88,1.35-2.35,1.43-.17.03-.65-.85-1.26-.34-.56.46.21,1.24.58,1.55.33.27.52.46.97.28.14-.06,1.9-1.8,2.03-2,.19-.28.32-.65.03-.92Z\" style=\"fill: #9fceeb;\"><\/path><\/g><path d=\"M19.32,40.32c.78-.13,3.36-.11,4.19-.02s1.33.72,1.42,1.5c.1.89.08,2.79,0,3.7-.07.77-.51,1.49-1.33,1.59-.9.11-3.11.08-4.04,0-.99-.09-1.41-.75-1.5-1.68-.07-.77-.1-3.44.13-4.08.15-.44.67-.93,1.14-1.01ZM22.67,42.11c-.41.07-1.51,1.57-1.75,1.61-.15.03-.4-.4-.63-.47-.58-.18-1.04.36-.73.9.08.14.96,1,1.09,1.06.28.12.45.03.69-.12.3-.19,1.58-1.47,1.82-1.79.13-.16.31-.41.28-.63-.05-.37-.41-.63-.78-.57Z\" style=\"fill: #9fceeb;\"><\/path><\/g><g><path d=\"M32.56,14.37c1.96.01,4.07-.36,5.21,1.62,1.49.13,3.01-.29,4.38.43,1.05.55,1.76,1.63,1.92,2.8v19.95c3.7.6,7.11,2.47,9.87,4.95.34.3,1.58,1.45,1.61,1.83.04.5-1.45,1.77-1.87,2.13-2.77,2.37-7.13,4.79-10.86,4.85-8.56.16-17.24.15-25.82-.03-1.66-.42-2.69-1.85-2.82-3.53v-29.71c.06-1.54,1.05-2.99,2.53-3.48,1.17-.38,2.63-.05,3.85-.18,1.09-2.01,3.26-1.59,5.21-1.62.1-4.53,6.61-4.54,6.78,0ZM28.93,13.62c-1.73.27-.75,3.04.82,2.11,1.06-.62.48-2.32-.82-2.11ZM36.43,51.63c.08.14.3.08.43.08v-.08c-.05-.01-.14.02-.17,0-.81-.47-1.68-.84-2.48-1.34-.96-.59-1.93-1.29-2.8-2.01-.46-.39-1.69-1.44-1.97-1.89-.46-.72.64-1.54,1.15-2.01,3.23-2.98,7.68-5.41,12.19-5.28v-19.62c0-.13-.2-.69-.27-.85-.79-1.76-2.99-1.28-4.54-1.34-.04,1.46-1.18,2.61-2.62,2.75-3.94.37-8.44-.27-12.44,0-1.38-.14-2.6-1.31-2.54-2.74-1.89,0-4.23-.4-4.79,1.95l-.02,30.2c.11,1.12.87,2.04,2.02,2.19,6.28,0,12.56,0,18.84,0ZM42.25,40.4c-7.2.18-7,11.15.14,11.15,7.4,0,7.29-11.34-.14-11.15ZM47.93,50.17c2.26-.98,4.21-2.52,6.01-4.16-1.73-1.75-3.77-3.21-6.01-4.25-.06.07.48.8.56.94,1.1,2.08,1.09,4.45,0,6.53-.07.13-.6.9-.56.94Z\" style=\"fill: #0e3d64;\"><\/path><path d=\"M36.68,51.63s.12-.01.17,0v.08c-.13,0-.35.06-.43-.08h.26Z\" style=\"fill: #0e3d64;\"><\/path><path d=\"M43.81,43.39c-1.84.29-.94,2.96.77,2.18l.69-.72c.89,2.58-1.66,5.08-4.21,3.82-2.06-1.02-2.21-3.85-.37-5.18.84-.61,2.3-.81,3.12-.1Z\" style=\"fill: #9fceeb;\"><\/path><\/g><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-41e5f641 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-column-slider-no wpr-equal-height-no e-con e-child\" data-id=\"41e5f641\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-392d7876 elementor-widget elementor-widget-heading\" data-id=\"392d7876\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Strict Quantity &amp; Quality Monitoring<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f9578d4 elementor-widget elementor-widget-text-editor\" data-id=\"1f9578d4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>We safeguard the value of the financial collateral under our care throughout its<br \/>storage cycle, which can span over several months.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-33ee335 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"33ee335\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M173.898 439.404l-166.4-166.4c-9.997-9.997-9.997-26.206 0-36.204l36.203-36.204c9.997-9.998 26.207-9.998 36.204 0L192 312.69 432.095 72.596c9.997-9.997 26.207-9.997 36.204 0l36.203 36.204c9.997 9.997 9.997 26.206 0 36.204l-294.4 294.401c-9.998 9.997-26.207 9.997-36.204-.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong> Initial Condition Auditing : <\/strong> Comprehensive quantitative counting and visual quality tracking upon cargo receipt into our leased or managed warehouses.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M173.898 439.404l-166.4-166.4c-9.997-9.997-9.997-26.206 0-36.204l36.203-36.204c9.997-9.998 26.207-9.998 36.204 0L192 312.69 432.095 72.596c9.997-9.997 26.207-9.997 36.204 0l36.203 36.204c9.997 9.997 9.997 26.206 0 36.204l-294.4 294.401c-9.998 9.997-26.207 9.997-36.204-.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong> Continuous Stock Audits : <\/strong> Regular inventory reconciliation and environmental monitoring to ensure the goods are preserved in sound and marketable condition.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2c70d034 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-column-slider-no wpr-equal-height-no e-con e-parent\" data-id=\"2c70d034\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-446cab61 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-column-slider-no wpr-equal-height-no e-con e-child\" data-id=\"446cab61\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2160428d elementor-widget elementor-widget-heading\" data-id=\"2160428d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Secured Release Management (Release Orders)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-62ade2c1 elementor-widget elementor-widget-text-editor\" data-id=\"62ade2c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>No cargo leaves our custody without formal, multi-party authorization.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13452c2 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"13452c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M173.898 439.404l-166.4-166.4c-9.997-9.997-9.997-26.206 0-36.204l36.203-36.204c9.997-9.998 26.207-9.998 36.204 0L192 312.69 432.095 72.596c9.997-9.997 26.207-9.997 36.204 0l36.203 36.204c9.997 9.997 9.997 26.206 0 36.204l-294.4 294.401c-9.998 9.997-26.207 9.997-36.204-.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong> Bank Authorization Alignment : <\/strong>Stock is systematically locked within our facilities. We only trigger cargo release upon receiving an official, authenticated \"Release Order\" from the financing bank for a strictly defined quantity.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M173.898 439.404l-166.4-166.4c-9.997-9.997-9.997-26.206 0-36.204l36.203-36.204c9.997-9.998 26.207-9.998 36.204 0L192 312.69 432.095 72.596c9.997-9.997 26.207-9.997 36.204 0l36.203 36.204c9.997 9.997 9.997 26.206 0 36.204l-294.4 294.401c-9.998 9.997-26.207 9.997-36.204-.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong> Controlled Dispatch Supervision : <\/strong> Our warehouse supervisors physically monitor the extraction and delivery of the authorized batches, updating the collateral balance in real-time until the entire lot has been successfully liquidated.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1faa9dc e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-column-slider-no wpr-equal-height-no e-con e-child\" data-id=\"1faa9dc\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1b938835 elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"1b938835\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Calque_1\" data-name=\"Calque 1\" viewBox=\"0 0 64 64\"><polygon points=\"31.98 10.04 8.28 24.81 8.28 53.96 10.99 53.96 10.99 26.33 31.98 13.27 52.96 26.33 52.96 53.96 55.72 53.96 55.72 24.81 31.98 10.04\" style=\"fill: #fff;\"><\/polygon><path d=\"M38.81,46.77c.49-1.24.6-2.56.64-3.54v-4.21c0-1.81-1.47-3.31-3.31-3.31h-8.28c-.83,0-1.54.3-2.11.79-.71.6-1.17,1.51-1.17,2.52l-.04,1.62v2.26c0,.98.08,2.22.53,3.46.87,2.45,3.01,4.03,4.97,5.23,1.24.75,2.75.75,3.99,0,.98-.6,1.96-1.24,2.78-2.03.83-.79,1.54-1.69,1.99-2.78ZM33.43,50.6c-.23.15-.45.23-.68.3s-.49.11-.71.11c-.49,0-.98-.15-1.43-.41s-.9-.56-1.35-.87l-.04-.04c-1.28-.94-2.48-2.11-3.01-3.69-.38-1.05-.56-2.14-.56-3.12v-2.26s0-1.66,0-1.66c0-1.2.98-2.22,2.22-2.22h8.28c1.2,0,2.22.98,2.22,2.22v4.18c0,.9-.11,2.11-.56,3.16-.79,1.92-2.56,3.2-4.36,4.29Z\" style=\"fill: #fff;\"><\/path><rect x=\"14.22\" y=\"28.23\" width=\"15.57\" height=\"4.23\" style=\"fill: #fff;\"><\/rect><path d=\"M14.22,37.82h8.45c.03-.46.15-.9.32-1.3.25-.59.65-1.12,1.13-1.52.71-.62,1.61-1,2.66-1h3.01v-.4h-15.57v4.23Z\" style=\"fill: #fff;\"><\/path><polygon points=\"14.22 43.18 22.6 43.18 22.65 40.26 22.65 39 14.22 39 14.22 43.18\" style=\"fill: #fff;\"><\/polygon><path d=\"M14.22,48.59h9.56c-.19-.37-.37-.75-.51-1.16-.38-1.05-.55-2.11-.62-3.06h-8.43v4.23Z\" style=\"fill: #fff;\"><\/path><path d=\"M24.49,49.73h-10.27v4.23h15.2c-1.76-1.09-3.62-2.43-4.93-4.23Z\" style=\"fill: #fff;\"><\/path><rect x=\"34.16\" y=\"28.23\" width=\"15.62\" height=\"4.23\" style=\"fill: #fff;\"><\/rect><path d=\"M34.16,33.99h3.06c1.73,0,3.2,1.05,3.84,2.52.18.4.29.85.33,1.3h8.39v-4.23h-15.62v.4Z\" style=\"fill: #fff;\"><\/path><rect x=\"41.4\" y=\"39\" width=\"8.38\" height=\"4.18\" style=\"fill: #fff;\"><\/rect><path d=\"M40.59,47.95c-.09.22-.19.43-.3.64h9.49v-4.23h-8.43c-.08,1.09-.28,2.36-.75,3.58Z\" style=\"fill: #fff;\"><\/path><path d=\"M38.08,51.47c-1.01.97-2.2,1.75-3.4,2.49h15.1v-4.23h-10.18c-.45.63-.96,1.2-1.52,1.73Z\" style=\"fill: #fff;\"><\/path><path d=\"M32,38.64c-1.36,0-2.57.61-3.38,1.57-.4.46-.7,1.01-.87,1.6-.08.26-.14.52-.16.79-.03.16-.03.33-.03.49,0,.08,0,.16.01.23.02.52.13,1,.32,1.45.18.44.43.85.74,1.21.35.42.78.76,1.26,1.02.25.13.51.24.77.33.3.09.62.15.95.18.13.02.25.02.39.02.13,0,.26,0,.38-.02.27-.02.52-.07.77-.13,1.9-.51,3.29-2.24,3.29-4.29,0-2.45-1.99-4.45-4.44-4.45ZM33.91,42.57l-.76.75-.77.76-.5.51c-.08.07-.17.11-.27.12h-.01c-.11,0-.21-.05-.29-.12l-.65-.64-.57-.57c-.12-.13-.15-.32-.06-.47,0-.04.03-.08.06-.11.16-.16.42-.16.58,0l.21.22.72.71.54-.55,1.01-1,.18-.18c.16-.16.41-.16.58,0,.15.15.15.41,0,.57Z\" style=\"fill: #fff;\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Collateral Management SEMAD S.A. acts as a trusted, independent custodian through our comprehensive Collateral Management Agreements (CMA) across Madagascar. We bridge the trust gap between international financing banks, local underwriters, and importers by taking absolute physical and legal custody of commodities from the moment of vessel discharge until final warehouse release. By operating in complete autonomy and managing 100% of the logistical and security chain, we eliminate default risks, mitigate stock discrepancies, and guarantee that collateral remains fully secured. OUR SERVICES End-to-End Custody &amp; Supply Chain Control We do not rely on third-party service providers; SEMAD S.A. directly manages and assumes full operational responsibility for the entire inbound flow. Port to Warehouse Logistics : Independent supervision during vessel discharge, secure customs clearance removal, and dedicated transport tracking to our designated storage facilities. Full Operational Control : Our dedicated teams\u2014including expert Tallymen, dockers, warehouse keepers, and specialized security personnel\u2014are entirely under SEMAD\u2019s payroll and supervision, ensuring an unbroken chain of custody. Strict Quantity &amp; Quality Monitoring We safeguard the value of the financial collateral under our care throughout itsstorage cycle, which can span over several months. Initial Condition Auditing : Comprehensive quantitative counting and visual quality tracking upon cargo receipt into our leased or managed warehouses. Continuous Stock Audits : Regular inventory reconciliation and environmental monitoring to ensure the goods are preserved in sound and marketable condition. Secured Release Management (Release Orders) No cargo leaves our custody without formal, multi-party authorization. Bank Authorization Alignment : Stock is systematically locked within our facilities. We only trigger cargo release upon receiving an official, authenticated \u00ab\u00a0Release Order\u00a0\u00bb from the financing bank for a strictly defined quantity. Controlled Dispatch Supervision : Our warehouse supervisors physically monitor the extraction and delivery of the authorized batches, updating the collateral balance in real-time until the entire lot has been successfully liquidated.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-159","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/semad.mg\/index.php\/wp-json\/wp\/v2\/pages\/159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/semad.mg\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/semad.mg\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/semad.mg\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/semad.mg\/index.php\/wp-json\/wp\/v2\/comments?post=159"}],"version-history":[{"count":65,"href":"https:\/\/semad.mg\/index.php\/wp-json\/wp\/v2\/pages\/159\/revisions"}],"predecessor-version":[{"id":2466,"href":"https:\/\/semad.mg\/index.php\/wp-json\/wp\/v2\/pages\/159\/revisions\/2466"}],"wp:attachment":[{"href":"https:\/\/semad.mg\/index.php\/wp-json\/wp\/v2\/media?parent=159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}