Skip to main content

The revolving pledge, which allows wineries to transform the wine in stock into economic liquidity, through bilateral agreements with credit institutions, also becomes reality in Morellino di Scansano: the Consortium of the denomination of the South of Tuscany, led by the president Bernardo Guicciardini Calamai, has in fact subscribed an agreement with Crédit Agricole Italia which provides for the possibility of granting a credit according to the market values of the Dop and Igp wine in stock, subject to certification of existence.
The goal is to favor the economic development of the territory in a logic of strengthening and consolidation of the local productive fabric and collaboration between farms, local authorities and the banking system. Specifically, the facility consists of a credit opening, which can be used in one or more solutions, against the contextual pledge of the envisaged types of PDO and PGI products.
It continues, therefore, the commitment of Crédit Agricole Italia to favor the activation of the revolving pledge in synergy with the companies and the wine territories, after the agreements reached in recent months with the Bolgheri Wine Consortium, with the Valpolicella Wine Consortium and the Franciacorta Consortium. But the revolving pledge is also gaining ground thanks to the agreements between wine consortia and credit institutions, as, for example, those of Brunello di Montalcino, Chianti Classico, Nobile di Montepulciano, with Monte dei Paschi, and Barolo and Barbaresco, with Intesa San Paolo.

Contacts: [email protected]
Follow us also on Twitter: @WineNewsIt
Follow us also on Facebook: @winenewsit

This article is taken from the WineNews archive – All rights reserved – Copyright © 2000/2021

Marco Ribaudo

Marco Ribaudo

For the love of food and wine! Marco Ribaudo, Certified Sommelier, with 25 years in the food and beverage industry now invites you to join him in his latest adventure, the opening of la Cucina del Vino to share his culture and passion for creating unforgettable memories around the table.

Leave a Reply