: You must subtract stocks purchased on credit (Trade Creditors) to find the net hypothecated value. Part B: Production and Sales Statement This section captures overall business performance: Sales Data : Monthly gross and net sales figures. Production : Units produced during the month. Receivables
The form is divided into two primary sections to provide a complete financial snapshot of your inventory: Part A: Stock Statement & Drawing Limit Commodity Details
The bank uses this statement to monitor the primary security of your loan. Submitting Form NF 902 periodically (usually monthly or quarterly) is a covenant in your loan agreement.
Usually submitted by the 7th or 10th of every month for the previous month's end.
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