FUNCTION

The purpose of General Deposit Warehouses is to warehouse, store or preserve goods or merchandise and issue warehouse certificates and pledge certificates. The warehoused merchandise can also be altered in order to increase its value, without essentially changing its nature. Only General Deposit Warehouses are authorized to issue warehouse certificates and pledge certificates.
    General Deposit Warehouses can perform the following activities:

• Obtain loans and credits from lending, insurance and surety bond institutions in the country or financial organizations from abroad.
• Grant financing with the security of goods or merchandise stored in warehouses that they own, or rented warehouses that they administer directly and that are covered by pledge certificates.
• Provide services for sale and transport of goods.
• Certify quality, as well as appraise the goods or merchandise.
• Issue subordinate obligations and other credit instruments, in series or mass, for their placement among the general investing public.
• Provide In-Bond warehousing.
• Package the goods and merchandise warehoused, on behalf of the depositors or holders of the warehouse certificates, as well as apply the respective labels.