BGMTN
October 5, 2009
All Information Subject To Change Without Notice
Greetings!

You may be receiving this for the first time, and if so, welcome. Your name was identified to us as having some involvement in the buying and selling of bank instruments, and we thought this information might be of interest to you. If it is not the case and we've missed the boat entirely, or we were in error, please Unsubscribe at the bottom, and accept our apologies.
__________________________________________________________ 

T-Strips

This is NOT an offer to sell. It is presented as information only.
 
 
Our T-Strip Provider Partners have just finalized their pricing and procedures for t-strips.
 
Their pricing will be 18+1 or 19 all inclusive or 19+1 or 20 all inclusive, and they have unlimited paper. The compliance package-- even with a buy ticket in hand for the first buy-- will require POF.
 
Buyers will be registered with them after the first buy and from that point forward they will just complete a recurring purchase (LOI) without the need of a follow-on compliance package.
 
T-strips will be unrestricted, 10 yr and 30 yr maturity dates. 
 
Processing requires that Buyer or buyer mandate at this time. NO BROKERS. This is not to say they won't pay brokers but when you understand what they have created you will see why No Brokers.
 
Once they receive the first buy from a client, the FPA is set for the life of that client per product line. This means that for t-strip buyers the first FPA will remain the FPA for the life that customer buys from the provider seller.
 
They will not take the same buyer from another mandate or sales rep. The buyer must be made aware that whoever he wants to pay, they will pay, but it can only be changed at the buyer's direction--  not by a broker. Why? After the first buy the process is very simple to repurchase. The buyer will complete a one page order form identifying contract size and traunching schedule with no required interaction of anyone.
 
There will be no conversations with anyone other than the buyer principal or his legal rep. Our partner will not talk to brokers or anyone else. All buyers must come through our partner, therefore for the sellers-- once the client is under contract-- there cannot be any spamming of a client around the group who is entitled to the client.
 
POFs are tear sheet, bank statement, ERISA number, D2d Broker dealer to broker dealer or the like approved by seller.
 
Delivery can be made d2d, t2t, dvp. Posting can be BEC, EC, Bloomberg, etc. These must be requested by buyer.
 
FROM TREASURY
 
For purchases directly from treasury requires individual package submittal per contract. The price point will be the daily issue price from the federal reserve. Today it is 24+1. Purchase here cannot be all inclusive.
 
Compliance packages and a direct connection to the provider partner will be sent upon request from the Principal Buyer or Legal Rep by email:
[email protected]
 
____________________________________
MTN Opportunities

___________________________________________________

 
While the prices vary, this is an example of routine opportunities that come to our attention. Prices range all over the map. Your LOI should specify exactly what you are looking for.  You stand a better chance of successfully buying if you match your procedures to the seller's: At least to get the principal-to-principal conversation going where the real negotiation happens. 

To help you help us, download this Request form, and return it completed.  

 
 
Instrument:                       Medium-Term Notes (MTN)
Format :                           Per Standard Top World Bank / ICC
Issuing Bank:                   Top 25 West European banks
Age:                                Fresh Cut/Slightly Seasoned/Seasoned
Term:                               Ten (10) years and one (1) day
Rating:                             S&P "AA" rated or better
Currency:                         USD OR EURO's
Interest Rate:                    7.5% coupon
Contract Amount:              up to 50Billion USD OR EURO
                                        (with Rolls and Ext)
Price:                                XX% Plus one percent (1%)  .
First Tranche:                    500-Million USD or Eu
Subsequent Tranches:       As per agreement
Tranche Frequency:           As agreed.
Denominations:                 100M/ 250M/ 500M/1B 
                                        agreed between buyer and seller.

Screening:                         EUROCLEAR/DTCC/Bloomberg
Purchase:                          as accepted directed by seller.
Delivery:                           Original hard copies Bonded Couriered Bank to Bank within (7) International Banking days per
                                        Instruction.
 
Where XX is in the price, we suggest you put in a realistic price range, not a wishful thinking price.
 

NOTE: UNLESS YOU ARE A PENSION FUND OR FOUNDATION BUYER, YOU MUST SHOW POF OR VOD TO SELLER. THE SELLER IS REQUIRED TO CLEAR FUNDS THROUGH THE U.S. TREASURY BEFORE ANY CONVERSATIONS WITH SELLER ARE INITIATED.
____________________________________
Bank Guarantees- Fresh Cut/SS/Seasoned
NOTE: SCREENSHOTS DO NOT APPEAR ON EUROCLEAR OR BLOOMBERG.
____________________________________
 
INSTRUMENT DESCRIPTION  Bank Guarantee
CONDITION                          Fresh Cut/SS/Seasoned
                                               [no ISIN/CUSIP for FC]
TERM                                   Varied
COUPON                              N/A
CURRENCY                          USD or EUR
PURCHASE PRICE               RANGE FROM 70 to 85
FEES                                    ONE  
ISSUING BANK                    TOP25
CONTRACT                          5-B ROLLS AND EXTENSIONS
DENOMINATIONS                100M, 500M PREFERRED
INITIAL TRANCHE                As Negotiated w Seller
PURCHASE MODE               Acceptable by Seller
MODE OF PAYMENT            As Accepted by Seller
 
 
SELLERS WILL NOT RESPOND TO ANY INQUIRIES UNLESS ACCOMPANIED BY THE BUYER'S DOCUMENTATION. WE ARE UNDER STRICT ORDERS NOT TO FORWARD QUESTIONS OF ANY KIND TO ANY OF OUR PROVIDERS.
 
IT IS PROTOCOL THAT, UNLESS A SELLER HAS AGREED TO A PRE-PAPER CONVERSATION, THE BUYER PRESENTS THEMSELVES AND THEIR INTEREST IN WRITING.
 

The above is for information only and is NOT an offer to sell.
Buyer's must pass compliance and issue non-solicitation documentation to the end seller first.
____________________________________________
 
For The Principal Owner Of BG's and MTN's
_________________________________________

 
If you own paper and would entertain selling it, we invite you to email your model LOI with the instrument specifications. In the event someone is looking for something fitting the description, please include your desired procedures.  The list of people potentially interested in speaking with you about your paper(s) is ever- growing. As an information exchange service, we put the Principal players together and stand aside. We deal only with the Principal or the Authorized Agent/Rep.
 
If you need to see some sample formats of documents that you would typically use-- again for informational purposes only- we have prepared a set that can be yours for
downloading here.

 
If You Do NOT Yourself Own A Instrument, Please Do Not Reply To This! This is For Owner's Only.
Placing Cash, a Bank Guarantee, or MTN
Directly Into a PPP WITHOUT MOVING IT!
 

MTNSPrivate Placement Programs are still around, and they range from 24 hour "Bullet" programs, to 40-weeks, and in-between. If you are the owner of an instrument that is bonafide and can be verified, that instrument could be moved into the trader's account and start profiting the owner. In some program manager's world, if the money is in a bank where the program manager does business, funds may not have to move at all. That is only up to the program manager to discuss with the owner-principal. 

In order to get started, the Instrument Owner sends a Letter of Request, which includes the language that they have not been solicited by the PPP Manager in any way. Upon clearing the path with this letter, the Program Manager (PM) will communicate directly with the principal owner. There are no others allowed to be in these conversations as they contain sensitive and proprietary information to each party.
 
Each program manager has his or her own specific strategy. We are fortunate enough to be in touch with a number of them. Shoot us an email for more info. [email protected] 
 
Leased InstrumentsLeased Instruments
 
Collateral for Credit Facilities

Note that our Leased BG/SBLC is fresh Cut Cash Backed and will be issued in the LESSEE'S NAME.
 
The Provider will not change his procedure, so be aware.

 

 

REF WS

My principal is RWA to provide Financial Instrument for both lease and outright purchase. Also if you have instrument for discount, we can also handle it.

Only reply if you have genuine requests to deal and is direct to principal.   No broker chains will be entertained.

DESCRIPTION OF INSTRUMENTS:

1. Instrument: Bank Guarantee (BG)/SBLC ,MTN etc
2. Total Face Value: Euro 5M MIN and Euro 50B MAX (Fifty Billion Euro/USD).
3. Issuing Bank: HSBC London,barclaysbank london or AAA rated Bank in Western Europe or USA.
4. Age: One Year, One Day
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers to be shared 50/50 between the brokers on both lessor/lessee side
6. Delivery SWIFT TO SWIFT. PRE ADVICE FIRST
7. Payment: Wire Transfer./MT103/23
8. Hard Copy: Bonded Courier within 7 banking days..
 
 TRANSACTION PROCEDURE:

1. Lessee must read this PROCEDURE very carefully in order to understand the content therein especially in paragraph 2, 3 4 5 and 6.
 
Only upon acceptance of the deed of agreement contract should lessee enter into agreement with Lessor. On no account must lessee sign these documents without accepting the terms and conditions as stated in the document.Lessor and Lessee execute, sign and initial this Deed of Agreement which thereby automatically becomes a full commercial recourse contract for 5 yrs.

 2. Within 3 days after both parties sign the Agreement and returned the agreement to lessor, Lessor's then will issue on his full company letter headed a signed and stamped Corporate Refund Recourse Undertaking letter and an invoice  to the Lessee guarantying to refund Lessee all the cost incurred by lessee for the bank transmission
charges /pre advice fee and . If the lessor bank fail to deliver MT799/MT760/MT700 by swift as the lessor and lessee have agreed on the deed of agreement contract.

3. Within 3 working days after Lessee receives Lessor's signed and sealed Corporate Refund Recourse Undertaking and the invoice Lessee will make payment by wire transfer into the Lessor's bank account for the bank transmission charges/pre advice to trigger by swift the BG/SBLC MT799 MT760/MT700

4. For lessor's bank to trigger MT799/ MT760/ MT700 via swift to lessee's bank account Lessee must pay for bank transmission charges fees/pre advice upfront. All bank transmission charges/pre advice fees are refundable upon returning of the instrument after expiration of one year and one day.

5.Within Three (3) banking days after confirmation of receipt of payment of the bank transmission charges for the BG/SBLC MT799/MT760 MT700 swift in Lessor's bank account,lessor bank auditors will  Open a communication by swift to swift to lessee bank confirm from lessee
bank if lessee bank account is fit to receive MT760 by swift after confirmation of that,  Lessor will instruct his bank to deliver the BG/SBLC via bank confirmation by swift BG/SBLC MT760/MT799 MT700 to the Lessee's bank account after lessee confirmation.

6. Lessee will instruct his bank to make payment by wire transfer to lessor bank account after lessor confirm his money into his account then lessor Will transfer brokers fee to brokers giving bank account, Lessor bank will deliver  the hard copy of the BG/SBLC via bank bonded courier in Seven (7) banking days..Should Lessee default to pay the leasing fees to the lessor and the brokers commission fees as agreed after 7 banking days of confirmation of SBLC MT760 in lessee's bank account, Lessor will instruct the issuing bank to put a claim on the SBLC/BG thereby forcing the Lessee's bankers to return the BG/SBLC MT799/ MT760/ MT700 to the issuing Bank.

Once you study and are RWA to perform, we can start closing from early next week. Therefore, study and advise if we are to move on based on our procedure and send all your full contact details so Provider will contact you for quick closure...

These instruments may be used as the primary and/or only source of collateral for a credit facility.
 
________________________________________
 
REFERNCE : JS
 

Do you have a transaction for which you are trying to obtain funding through your lender and need a source of collateral that's safe and reliable?
  • The issuance fees are not put at risk, they are simply put into any mutually acceptable third party escrow account where they will stay until acceptable collateral is delivered as agreed;
  • We may even be able to allow an acceptable bank pay order for the payment of fees contingent upon delivery of acceptable collateral.
  • Our bank communicates with your bank prior to deployment and execution of agreements. We are not leasing or joint venturing to provide assets, we are issuing our clients' lender an irrevocable guarantee of principal and interest paid at maturity.
  • The bank instruments can be used for any legitimate, legal financial transaction where a client has the ability to get a loan with his lender with acceptable collateral. Read below for additional details.


    Requirements

    1. Client must have their bank financing arranged conditionally upon the presentation of acceptable collateral from an acceptable bank.

    2. Client must provide a conditional commitment letter from their bank addressed to the client (sample format downloadable)

    3. Client must have 1.75% of the required instrument.

     
    Steps

    1. Client applies to POF

         a. Client provides POF letter of intent

         b. Client provides POF a completed application and supporting documents

    2. POF issues documents to the client

         a. Term sheet

         b. Letter of Intent

         c. Engagement fee request letter

         d.  Sample conditional commitment letter

    3. Client sends $10,000.00 non-refundable engagement fee to POF.

    4. Client sends POF the conditional commitment letter provided by the bank.

    5. Client moves their 1.75% of the required instrument size to an acceptable escrow attorney. Escrowed monies are not released from escrow until after the instrument is delivered.

    6. POF's bank contacts the clients bank at the coordinates provided in the conditional commitment letter.

         a. Banks discuss and come to terms on acceptable instrument text.

         b. Banks discuss and come to terms on acceptable instrument transmission (delivery).

    7. POF orders its bank to initiate and finalize the transaction between the banks.

    8. POF's bank delivers the instrument of principal and interest to the clients bank.

    9. Client's receiving bank receives the previously agreed upon bank debt instrument upon acknowledging its acceptance confirms this with its client and escrow attorney.

    10. Client's 1.75% is released from escrow to POF.

    11. 15 Days from the date of the banks acceptance and acknowledgment of the bank debt instrument, the client releases 6.75% to POF. (Drawn down from new credit line)

    12. Client's bank funds the loan

    13. Client bank deposits the proceeds of the loan into the bank who issued the bank debt instrument or to mutually consented coordinates from which monetary draws will be made by the client in conformity with his transactional requirements.

    14. On the 91st day the client begins making principal and interest payments at LIBOR (+ floating rate*) to POF or to its order until the loan has been paid as agreed.

    15. Client's bank perfects payment on the bank instrument at its maturity date (12 months from its date of issue).

    Footnote:
    *Floating Rate would be determined in review of the transaction after we've received the bank letter and our bank has communicated with the clients' bank.

    Issuing Banks

    1. HSBC in London

    2. HSBC in New York

    3. JP Morgan Chase in New York

    4. Wells Fargo Bank in California

    Pricing is a moderate total of 8.5% for the use of the instrument and on month three the client begins making principal and interest payments at Libor + a floating rate (*Floating Rate would be determined in review of the transaction after we've received the bank letter and our bank has communicated with the clients bank.) There are several benefits to the structure we are now offering.


    1. Once the clients' bank provides the client the conditional commitment letter our bank opens up a line of communication to agree upon instrument type, text and delivery protocols.

    2. Transactions can be as small as $5 million United States Dollars.

    3. You can spend your time with clients that have real closeable transactions, clients do not lose money and we do not lose time spent on clients with no transactions.

    4. Other than the engagement fees which covers expenses of the attorney documentation, initial due diligence, etc., No moneys are released from escrow until the clients bank receives the acceptable collateral from a bank acceptable to them.

    5. There is bank to bank communication by phone, fax and/or Swift prior to entering into a final contract with Provider to make sure POF and the client are not wasting any time or energy.

    6. The client makes no payments to his lender whatsoever.

    7. The instrument can be the primary and/or only collateral used to support the clients credit facility.

    8. The client can get a loan from many different types of creditors to include but not limited to the following.

         a. Banks

              1. Private Banks

              2. Commercial Banks

              3. Retail Banks

              4. Investment Banks

              5. Central Banks

         b. Credit Unions

              c. Saving & Loan Banks

              d. Angel Investors

              e. Equity Investors

              f. Brokerage Firms

              g. Hedge Funds

              h. Investment Funds

              i. Pension Funds

              j. Venture Capital Firms

              k. Private equity firms

    Submit an application today along with documentary evidence of your ability to pay the 1.75% upon receipt of an acceptable instrument. Send to
    [email protected].

 To download a copy of this memorandum, click here.


How We Work

______________

Rules Of Engagement

 
FIRST RULE:
 
NO PHONE CALLS!!!
 

EMAIL IS THE BEST WAY TO START A CONVERSATION!
 

 SECOND RULE:
 
NO BROKERS OR INTERMEDIARIES WHO ARE NOT DIRECT! NO CHAINS WHATSOEVER!
If The Person You Are Talking To CANNOT WRITE A CHECK OR SIGN A CONTRACT.... Please Do NOT Waste Time. 


Unfortunately, it seems to be a regular occurrence where people claim to have the ability to deliver a product and truly don't... most of the time due to their misrepresentation, some of the time due to circumstances beyond their control.
 
In order to effectively put a Principal buyer together with a specific opportunity, we ask each buyer to complete the
downloadable request form-a "wish list" if you will, for each of the paper they are looking for. 

The more specific the description of the instrument the buyer wants, the closer we can come to finding them what they are looking for. Otherwise, it's like walking into a grocery store filled with thousands of items and asking someone to 'show me what you got'. Waste of Time.
 
As buyers and sellers come together, they can be directed to each other when there is a fit that is close, or exact. If you know where you are going, getting there is a lot easier.
 
For legal reasons as mentioned above, paper sellers want to see the Buyer prepare either a Letter of Request or an LOI.

Some Buyers ask that the Seller provides some kind of letter or ISIN or CUSIP numbers. What they don't realize by asking that is they ask the Seller to SOLICIT an offer. Until a Seller has cleared the Buyer and his/her money, and provided a non-solicitation statement, the Seller can be looking at fines or jail time.

The Sellers are very cautious about this, even if the particular instrument is not subject to Solicitation rules. They tend to err on the side of caution.
 
This opens the door for a conversation once the seller has had a chance to look over the buyer's request and do a quick due diligence check. It helps even more if a Non-Solicitation Letter or clause is included to better ensure compliance.
 
Because the owner of an instrument is prohibited by law from soliciting, or appearing to solicit, someone to buy their paper, all initial interest in it  must FIRST start from the buyer.
 
The seller cannot send out a LOI or other documents without first having been approached by the buyer prospect.
 
So many buyers want to see the seller's LOI first, they don't realize they are actually asking for the seller to break the law!
 
This is many times the reason a buyer is unsuccessful.
 
Without even knowing it, they have demonstrated a lack of understanding of the manner in which a transaction is facilitated, and sent that message to the seller, who naturally will decline any reply or response.
 
The role that I play is to facilitate the information about a buyer to an owner or seller of the paper desired, which helps overcome the issue of putting the seller at legal risk for being seen as soliciting.
 
If I am not acting as the  principal in the deal, simply providing the opportunity for a meeting of the minds with a buyer/seller is much like posting a "Want to Buy" notice, and having that delivered personally directly to a possible opportunity.
 
As of last week, I am DIRECT to several platforms managers and owners as well as certain banks. I am connected generally either to the provider's representative, or rarely no more than 1 away. 
 
In the case where other intermediaries might be involved in bringing the end buyer to the table, they must stand back immediately and allow for direct conversations to be facilitated with the buyer principal. However, if there is a chain of more than one broker between the Principal and you, we will most likely not be interested in discussing it.
 
Group conference calls and broker interference in any way automatically kill the deal. If there is no one on the phone who can sign a contract or write a check, there is no reason to talk.
 
Compensation is generally broken into two categories: Full Share and Referral Group.
 
A Full Share of a box may be shared by those who are doing the heavy lifting in a deal, versus those would be considered a Referral Fee recipient-making a phone call or email to introduce the parties is not an entitlement to a full share of a box.
BGMTN.COM:
An Information Service of PCC Funding
 
News, Views, Opportunities, Opinion.
 ________________________
Due to widespread fraud perpetuated by certain brokers, sellers and buyers, the information contained in this newsletter is provided with the caveat that all Principal parties are warned to beware and verify any items in this newsletter. This newsletter is a compilation of experiences and observations of the writer, and are not intended, nor to be mistaken, for legal or financial advice. Unfortunately, the industry has become fraught with individuals of questionable ethics and behaviors, so each reader must take responsibility for their own due diligence. Should you find a gross inaccuracy in one of the items, it is appreciated if you would let us know so it can be further researched and, if necessary, retracted, corrected, or validated.
In This Issue
New T-Strip Availability
Generally Available Paper
Own Your Own Paper?
Private Placements
Leaseable Instruments
Working With Us
Offers In Play
T-Strips..Well Done?
Private Selling
Q&A: MT103/23. Why Not??
How To Fail At Buying
This Week's Opps
Quick Links
 

NEW: CMO's Collateralizable for PPP

One of our network has introduced a private placement program that will accept Collateralized Mortgage Obligations (CMO's)  for bank paper buy sell programs.
 
Here is what he has:
  • Min 1-B;
  • LTV 10-30% conservatively based on CMO quality.
  • Can be placed in 40 week program OR credited as a deposit to facilitate an MTN transaction.
  • CMO must be assigned and delivered to the Platform/Provider via DTC or Euroclear
  • Full submission is required along with complete and current DTC or Euroclear Screen Shots and an account statement in the client's name showing the same CMO on deposit.

PRINCIPAL OWNERS OF CMO'S ONLY! MORE INFO IS PROVIDED TO QUALIFIED PRINCIPAL OWNERS OR POA.

By Dan Chandler
It Sounds Like A Steak, But It Isn't . . . The T-Strip is An Investment
It Sounds Like A Steak, 
 
 
T-Strips are an interesting investment tool that really is being used in the current economy more and more due to the safety net it provides. The word "STRIPS" is an acronym which stands for "Separate Trading of Registered Interest and Principal Securities." The thing unique about T-Strips is the fact that the coupons may be seperated from the principal of the coupons and traded seperately as zero coupon securities. This is especially important to banks, corporations, and large investors looking for a safe investment.

History of T-Strips

People call then T-STRIPS due to the fact that they are issued by the Treasury. The background behind the start of T-Bill trading took a path closely related to the dawn of the computer age. In the era of break dancing, rubics cube, and parachute pants, there was a new method of investing that was being born on the technological backbone of new computer software and hardware. T-Strip trading was much different than the old style coupon tearing of the old style zero coupon bonds. The US Treasury made the new form official by passing out identifications for the new STRIPS called a CUSIP code.

Under this program, the financial entity can provide the Treasury with standard treasury note or treasury bond that can be stripped. Not naked! :-) ..but stripped into individual instruments of cash flow. At this point the securities are returned to the financial entity.

For example, a 10-year note which is issued will be stripped into 20 interest payments, 2 annually or semi-annually for 10 years and one principal payment payment due at maturity date. All twenty interest payments plus the single principal payment are broken up into STRIPS form, each one will then become a separate security. The new separate securities are then identified as coupon strips for the interest payments and principal strips for the principal payment. Together they are called Treasury STRIPS.

These Treasury STRIPS are separate zero-coupon securities. Nothing is different about them at all from the zero-coupon securities. As a matter of fact, to an investor, there is no distinction between a coupon strip and principal strip, although in reality the Treasury STRIPS are not identically the same. In the example given, all the twenty one coupons have its own unique identifying number or the CUSIP number.

When a T Strip is stripped through the commercial book-entry system each interest payment and the principal payment becomes a separate zero-coupon security. At this time, each component of the T-strip is given its own identifying number called the CUSIP number and can be held or traded separately.

T Strips Provide Risk Free Investing

The Treasury STRIPS normally mature over ten years out to thirty years. They are backed by the US government which makes them risk-free credits. STRIPS are not issued or sold directly to investors, only financial institutions such as investment banks and brokerage firms; government securities brokers and dealers can hold and purchase it.

Treasury STRIPS allows liquidity in the financial markets because it provides investors with many maturity options. Similar to other zero-coupon instruments STRIPS can be used to meet a wide range of objectives because they are definitely going to have cash-flow values at a known future date. They are attractive to investors with specific opinions regarding interest rates, because prices of STRIPS are exceptionally susceptible to fluctuations in interest rates.

STRIPS are more attractive when short-term interest rates are low. At these times short term bank rates and reinvesting bond proceeds are not alluring. T- Strips, being zero-coupon securities, do not have reinvestment risk. 
 
 
SEASONED BG NAT100109
Seventy Seven Percent (75%+1%+1%)
 
Instruments:
Senior, Unsubordinated cash-backed and unconditional Bank Guarantee (BG) Format ICC 500/458
Term:
One  (1) Year and one day
Interest Rate:
Zero Percent (0%) Coupon
Issuing Banks:
Deutsche Bank (Germany) or as mutual agreed
Issued:
Seasoned issued with ISIN and Registration No. available on Euro Clear
Bank Guarantee #:
XXXXXXXXX
ISIN:                    
XXXXXXXXXXX
CUSIP:                 
ISSUED:
April 06, 2009
MATURITY:
April 07, 2010
Contract Amount:
Two Billion EURO (€2 B)with Rolls & Extensions up to ** B as mutual agreed
First Tranche:
Two Billion EURO
Proposed Schedule: -
Denominations:
Euro Five Hundred Million (€500,000,000.00)
Invoice Price:
Seventy-Seven Percent (75%+1%+1%)
Consulting Fee:
2.0% (TwoPercent) of total face value, split 1%buyer's side and 1% seller's side consultants. Buyer accepts legal responsibility for the disbursement from each and every tranche through the buyer's/seller's paymasters nominated
Mode of Purchase:  
PAY VIA SWIFT MT103/23
Mode of Payment:  
PAY VIA SWIFT MT 103/23
Proof of Funds:
BANK TO BANK AUTHORIZATION TO VERIFY FUNDS
Currency:
Euro (€)
Validity:
Seven (7) Banking Days
 
 
 
NOTE:   NO PRICE OR BENEFICIARY SHALL BE SHOWN ON ANY SCREEN.
THE STATEMENT "PRIVATE SALE" SHOULD BE ENTERED IN PLACE OF PRICE.
 
PROCEDURES
 
1.      Buyer submits his Letter of Intent (LOI/MOA) with full banking co-ordinates, Corporate Resolution, Client's Information Sheet, PROOF OF FUNDS (LETTER OF AURTHORIZATION TO VERIFY FUNDS, BANK CAPACITY LETTER OR TEAR SHEET), Master fee protection agreement (MFPA)and copy of Passport.

2.      After satisfactory Due Diligence, within two (2) international banking days, Seller signs, stamps and returns the LOI/MOA by fax and signed Fee Protection Agreement, which will become a Memorandum of Agreement (MOA) with full banking co-ordinates. Fax copies of this MOA will initiate the Transaction.

3.      Within agreed window time, not more than two (2) banking days thereafter, the Seller shall deliver the " Pre-Advise" Via MT799 to Buyer's Bank The Copy of Swift MT799 must be sent via E-mail for following up (Buyer's email address directly ).

4.      After verification and authentication of the Pre-Advise", Buyer will Swift Pay order via  MT 103/23 to Seller's designate Bank account for amount 75% and 2% to the intermediaries direct nominated Bank accounts within 2 banking Days (48 hours) .Then Seller will request his Bank to Swift MT 760 to Buyer's Bank.

5.  After verification of Swift MT760, Buyer will immediately release payment MT 103 within 8 Banking hours.

6.      The Hard copies of the BG to be delivered via bank bonded courier to Buyer's designated bank as instructed within seven (7) banking days after the payment being received by Seller's Bank.
 
THESE ARE SELLERS PROCEDURES. DO NOT ASK FOR ANYTHING TO BE CHANGED.
 
 
More information by request at [email protected]. Ref NAT100109
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OVERHEARD FROM PRIVATE OWNER/SELLER

This is NOT an offer to sell. This is strictly for information purposes only. 
Instruments:
MTN, (Senior, Unsubordinated)
Term:
10 year/1 day
Age
Slightly Seasoned
Interest Rate
7.5% annually in arrears
Issuing Bank
Deutsche Bank
Contract Amount
10 B USD Plus R&E
Invoice Price
80 + 1, then lower on R&E
First Tranche
500MM
Subsequent Tranches
As Agreed
Tranche Frequency
Five (5) Days/week or as agreed
Denominations
50M or 100M
Authentication
EUROCLEAR
PAYMENT: Tranche #1- MT 103/23, Follow on Tranches as Agreed (Seller OWNS paper but insists on 103/23)
Instruments:
Bank Guarantee's (BG's)
Term:
One (1) Years and One (1) Day
Interest Rate:
Zero coupon
AGE:
Slightly Seasoned
Issuing Bank:
CREDIT SUISSE, Z�rich, CH
Contract Amount:
10 Billion € plu sR&E
Invoice Price:
75 + 1% then lower on R&E
First Tranche:
Five Hundred MM (€500MM), unless otherwise agreed upon
Subsequent Tranches:
As agreed between Buyer and Seller
Tranche Frequency:
Five (5) Days per week, or as agreed
Text Verbiage:
Standard ICC Format 458. Text can be modified at request of Buyer and
Buyer's bank, subject to approval of Issuing bank. (see attached draft)
Beneficiary:
Buyer's name will be issued as the new Beneficiary unless otherwise
agreed upon.
Authentication:
Euroclear
PAYMENT:
FIRST TRANCHE: MT103/23 CONDITIONAL SWIFT Wire Transfer
SECOND TRANCHE
& EXTENSIONS:
As agreed by seller & buyer
 
Procedures (both MTN and BG): 
Step 1. LOI/CIS/LOA/POF/PP.
Step 2.
Bank-to-Bank exchange Funds vs. Assets.
Step 3. 
Purchase Agreement presented and signed.
Step 4.
MT799 exchanged
Step 5.
Buyer MT103/23 sent.
Step 6.
Seller sends complete Bank Invoice w copy of Title page.
Step 7.
Buy Ticket posted in favor of seller and invoice.
Step 8.
Hard copy delivered in 7 banking days via courier.
 
 
 
[email protected] for procedures. Ref KOKO
Q and A
 
Why should a MT103/23 
  NOT Be An Issue
For A Buyer?

It is true that some sellers will use the buyer's MT103/23 to take down the paper. My question to the buyer is, "So What?"


If the buyer is getting paper at the price he accepts, and then gets the paper, why should he care that the seller is actually being smart and using Other People's Money to make a deal happen? 

Buyer's claim they don't want to 'finance' the purchase of the paper that they want, but the truth is they are already financing it within in the price at which the seller will sell. 


Again, So What?


The objective for the buyer is to buy the paper. What happens before he gets his paper really isn't his business.
 
________________________
Compare it to ordering a custom built car from a car dealer.
________________________

The car hasn't been built yet-- but the Buyer is STILL required to make a deposit before the manufacturer builds it.

The car dealership isn't using its money to make the order happen, but he is making a profit on the sale. It's exactly the same business process.

The Bottom Line is: Did you get the paper that you wanted at an acceptable price?
After all, isn't that all that really matters?

Waiting For ISIN's And CUSIP's Guarantee Failure To Buy  

Running After Train
(this is a reprint from a prior issue)
ATTENTION BUYERS!
 
Over the last weeks, many buyers have requested or insisted on seeing information on specific instruments before they will make their interest known.
 
This flawed approach to buying FAILS NEARLY EVERY TIME! Why?
 
Since analogies are a great way to illustrate a point, imagine that you want to ride the train (i.e.- buy an instrument).
 
All day long, trains keep coming and going (instruments for sale), and they are ridden (i.e.- bought), by other riders who have already presented their tickets (i.e.-been accepted as a bonafide buyer by the seller), from the ticketmaster (the trade platform manager).
 
The reason so many deals never make it is because you cannot wait for a train to come into the station before you decide if you want to ride it!
 
You first have to buy a ticket (present your LOI, CIS, Passport, LOA, etc) so the ticketmaster (the seller) can OK you to climb aboard the next train.
 
Once you have bought your 'ticket', you are now entitled to stand on the platform waiting for the next train (instrument) that is the right one to jump on (take down).
 
The trains are always coming and going, but the ticketmaster won't allow you to board an oncoming train until you have been cleared and shown your capacity to buy.
 
When you ask to see a specific instrument's identification, you are asking about a train that is already in the station and is in the midst of being boarded (taken down) by another buyer.
 
Too late! You have to be timed so that the seller has your ticket BEFORE the next train comes down the track. 
 
Also, when the buyer wants to see ISIN and CUSIP numbers, they are again asking about a train that is about to leave the station.
 
If you know you are going to ride the train, get your ticket (documents) punched so you can jump on the next train coming. Be prepared.
 
When the train has pulled into the station, you don't have time to first get your ticket and get on board. That's why you may have found that paper you were interested in has been sold out from under you.
Timing is everything, and being on the platform when the train comes in is the only way to buy your paper.
 

Outlook and Opportunities 

In no way are these a solicitation to sell. They are provided as information only. We are not responsible for the accuracy of information should it later be discovered to be incorrect.
 __________________________
 NON-RECOURSE LOANS
AGAINST PAPER
(MINIMUM 150MM) 
___________________________
 
THE LOAN TO VALUE IS 23% OF INSTRUMENT FACE VALUE NET.
 
SUBSEQUENT ENHANCEMANT ARRANGED AT REQUEST OF BENEFICIARY.

THE BEST WAY FORWARD IS TO SEND TO ME A GOOD COPY OF THE INSTRUMENT FOR CHECKING, AND WE WILL PROCEED FROM THERE.
 
WHEN VALIDATED AND VERIFIED,  AN AGREEMENT IS PREPARED FOR SIGNATURE. 
 
 ________________________
 BG's/MTN 
_______________________
 
Fresh Cut. Slightly Seasoned. Seasoned. Or for those who know the real terminology-- New Issue, or Issued.
 
How to get started? Send an email with your staus as a Principal Buyer, or legal, papered representative status. We can only respond to these two positions in the buying chain for this opportunity.
 _________________________
Private Placements
__________________________
There are several providers of Private Placement Programs that we are working with. Some will even accept hard assets (like the offer above for Gold); and some will accept certain types of in-ground assets with certain criteria.
 
If you have assets other than cash to put into a program, you must send front and back copies of the instrument and proof of ownership along with a non-solicitation letter.
 
 
Sender is not a licensed United States Securities Dealer, Broker, US Investment Advisor or Commodities Trader. This electronic transmission and or attached documents are not to be considered a solicitation for any purpose in any form or content, nor an offer to sell and/or buy securities. And  is sent so as a request for information.
 
NOTE:  This communication is private, confidential, and between the parties.  It is not public disclosure and not a public offering.  It contains information which may be proprietary and privileged, and does not constitute a legal agreement, nor is it to be construed as legal advice or consulting.  Any review, re-transmission, dissemination or other use thereof, or taking of any action in reliance upon this information by persons or entities other than the intended recipient is prohibited. 
 
This material is for information purposes only, and is not a solicitation of funds to buy and/or sell Securities, nor a solicitation to provide financial services.  The afore-referenced instruments are not offered for sale herein.  We are not the Providers.  Bank Instruments are for private sale and do not come within the purview of security laws of any nation.
 

Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of  PCC Funding, PO Box 1222, Olney MD 20830.
Thank you for reading this. If this newsletter does not apply to your interests or business, please Unsubscribe at the bottom.
 
If this DOES have value to you, please share it with other reputable people who are principals in the business.
 
Sincerely,
 

Michael Weiner, President/CEO
PreConstruction Catalysts, Inc