Welcome to the PPE EXCHANGE
WHO WE ARE
GLOVE HUB USA
GH is clearinghouse company for medical PPE and associated items that manage the PPE exchange Web site and handles initial contacts with Buyers and sellers. They assist the PPE member throughout the transaction process to ensure complete transparency and answer any questions.
Tabarak Investment Capital Ltd
TIC is a Dubai based Investment bank, fully licensed and regulated by the Dubai Financial Centre(DIFC) and Dubai Financial services Authority(DFSA), executing high value transactions for 12 years (established in 2009). Our accounts are held by Dubai Islamic Bank with assets of $80 billion USD and rated “A” by Standard and Poor’s.
BILLION Global CHASE
BGC manages the business and provides additional banking relationships, government entity processing and interface with large medical clients to ensure growth and ongoing security of the PPE exchange.
During the Covid-19 pandemic, it is essential that supplies of Personal Protective Equipment are consistently delivered to governments, medical facilities and end users.
Naturally, in the last 18 months, there have been many new entrants into the PPE market with respect to manufacturers, sellers, buyers, brokers, financiers, etc…
Whilst many transactions are successfully executed between bona fide parties, the market is saturated with fraudulent buyers and sellers.
Because of this, trust between buyers and sellers is at an all time low.
Buyers typically want proof of product first and sellers want proof of funds first thereby greatly reducing the probability of deals closing.
CREATING THE SOLUTION
A PPE Exchange has been created where parties can transact on a risk free basis.
Onboarding is already occurring which includes Masks, Gloves, Covid rapid Test Kits and more.
Our system handles the complete on boarding and qualification of both buyers and sellers as well as processing by our specialized bank in terms of payments and settlements after inspection and receipt of goods.
Consultancy services relating to import and export procedures, letters of credit and logistics are readily available.
Creation of a high trust environment with a private exchange model provides for an ongoing high transaction confidence level with exchange members.
Check out OUR STORY for more about how Glove Hub USA began working on our due diligence process to combat fraud.
HOW IT WORKS
- Glove Hub USA hosts a live PPE exchange in cooperation with Bullion Chase Global and Tabarak Bank.
- Sellers are required to qualify and register with the Exchange and provide evidence of available product.
- Buyers are required to qualify and register with the Exchange and provide evidence of available funds.
- Glove Hub USA and Billion Chase Global will work with buyers and sellers to resolve provide commercial non-bank related assistance while onboarding and during each transaction process.
- Tabarak bank will carry out full compliance checks on all prospective buyers and sellers as well as managing the financial settlement process.
- The Exchange provides for buyers and sellers to be matched dynamically on the live Exchange.
Have further questions? Check out our FAQ Section!
Do you have Purchase Orders for PPE products from credit-worthy customers,
but lack the funds to pay for the goods to fill those orders?
Is your bank unwilling to fund inventory in transit?
We can help with financing!
Glove Hub USA has a unique PPE funding program/solution for manufacturers and distributors of personal protective equipment products. Our funding solutions can incorporate our successful Purchase Order, Trade Finance and Accounts Receivable Funding solutions to help with successful fulfillment.
Click Here For More Information
Get started today!
IMPORTANT: All onboarding info is sent directly to the bank and is completely confidential between client and bank.
Costs & Fees:
Fees are determined by the banks underwriting on the strength and proven track record of the applicants and company profile.
The PPE Exchange registration bank application fees of $15,000 may be waived if buyer or seller is pre-qualified or is a well known company with proven capabilities.
A minimum bank processing fee of 1% is charged for the bank settlement of the turn key transaction in addition to any financing standard charges.
A minimum office charge of 1% is charged for the commercial processing. Other fees may apply depending on the nature of the transaction.
All fees can be charged to the account of the Buyer, Seller, or split between parties.
Tabarak Investment Capital Ltd is a Dubai based investment bank, fully licensed and regulated by the Dubai International Finance Centre (DIFC) and the Dubai Financial Services Authority (DFSA).
Tabarak has been successfully executing high value transactions for 12 years since being established in 2009.