|
October 29, 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.
__________________________________________________________ |
( just another day in paradise!)
It seems this business is about as scary as it gets, and sometimes it feels like Halloween is a daily occurence-- What with Buyers who want to dictate terms and procedures to the Seller; Sellers who decide to "bait and switch" a Buyer after providing one set of procedures, then changing them at the last minute; And don't forget the army of untrained intermediaries who don't know how to screen a genuine buyer from just another broker. It's a witches brew that will burn holes in the stomach and cause pains in places you didn't know existed. And that's the good news!
But it isn't all a haunted house; there are a few live and real buyers and sellers who are walking carefully through the cemetery, trying to find another living being to do business with. That's what our role is: get direct without any interference or bodies in between us and the principal. Of course, there are always a couple of nasty spirits that try to jump in and 'control' things. But we won't turn and run... just sweep them aside and keep on moving.
This week we have been creeping through the same old cemetery, looking between the carcasses of failed deals and dishonest people trying to pollute this market, to find that living soul who is going to perform.
Over time, I have noticed there is a trend where the same questions are asked over and over. Usually by those poor disillusioned folks who think they have discovered the greatest business in the world and can retire off of one deal. Some of these questions and answers appear in another column in this newsletter.
It's human nature to be greedy, and to deny it is akin to ignoring the 800 pund gorilla sitting in the middle of the room. The problem is, this market requires implicit trust among the parties-- the principals AND the people connecting them to one another. That takes time to build, and the vast majority of people in this are in for a quick kill: Get in, Get out.
Truth is, it doesn't work that way. Who in their right mind with huge sums of money to invest into bank paper is going to trust just anyone with the sensitivity, discretion, confidentiality and professionalism to carry their desires to the other side?
If you aren't in this to build relationships, out of which transactions occur, then you are in for a lot of frustration and failure.
-MW |
|
New Self-Liquidating Loan Program Against Bank Guarantees For Real Estate Projects
PROGRAM DESCRIPTION
This program is an Economic Stimulus Package that is designed to fund existing businesses, commercial and residential developments with strong reliable management/development teams that are able to operate their business profitably. Long-term players that have established credit worthiness and in need of funds to expand their business, develop new products, and establish additional operating capital or any combination of the three. The Funder is interested in long-term projects with companies that have a good established business and offer a sound business plan. The applicant must have the ability to provide a Financial Instrument that equals 33% to 50% of the total funding amount. This program is ideal for developers with multi-phased long-term projects in commercial construction, energy, medical facilities, assisted living facilities and more.
The provider is interested in projects that involve Real Estate of all types, Energy projects, and will consider Asset Based projects for existing businesses that are in need of reorganization, expansion, business purchases or other investments.
This program is based on the value of the "Financial Instrument". If a borrower needs to use an investor to collateralize the financial instruments we will design the program for an outstanding annual return on investment paid monthly and in some cases can design the program to include a Premium Return at the end of the investment period.
In all cases the borrower will be required to establish a Capital Reserve Account administered by the Funder's Administrator for the financial protection of all parties. FOR DETAILS, SEND EMAIL TO Info@BGMTN.COM and request TA102809 Package
PROGRAM HIGHLIGHTS
> Program is a self-liquidation loan over a three year period
> Program can be extended past the three year period for additional funding
> Program minimum Instrument amount is $5 Million USD, there are no maximums
> A lower amount will be looked at on a case-by-case basis (USA Only)
> No due diligence fees or up-front fees required by Funder or allowed by Brokers
> The Borrower/Investor funds used to secure the Financial Instrument are protected at all times
> The Financial Instrument is fully protected during the entire transaction period
> The Financial Instrument shall have a maturity date in the 12th month and an expiration date in the 13th month.
> Borrower must extend/renew the Financial Instrument after each maturity date and prior to the expiration date twice to complete the self-liquidation
> Financial Instrument is assigned to the Funder via SWIFT transfer between the borrowers'/investors' bank and the funders' bank
> The Financial instrument is returned to the borrower prior to the expiration date after the second extension free of liens
> Funding up to 2 1/2 times face value of the Financial Instrument (varies per project)
> Funding up to 3 times available for projects with a Capital Reserve Account
> Typical Close is within 30-45 days (contract execution to first installment)
> Closing can take up to 120 days on smaller Financial Instrument transactions (under $100 million)
> No payments required during the disbursement period (interest does accrue)
> No payments required during the self-liquidation period
> Funding is normally over a 12 month period
> Funding can be disbursed over a 6 month, 24 month or 36 month period (varies per project)
> If Funder fails to make payments for 60 consecutive days borrower may cancel the contract and keep all money received with no repayment required per the Contract Agreement
> No project performance standards or schedule of values necessary to regulate the funding
> Program is underwritten per Funder's guidelines
> Program is administered internally (via an administrator) per Funder's guidelines
> Administrator can set up a Project LLC for disbursement of funds
> Borrower has two loan options, available at the end of the disbursement period
> Option One: Continue the Financial Instrument for a three year period of time to self-liquidate the loan
> Option Two: Early payment of debt prior to the end of the third year with no pre-payment penalty (Financial Instrument still has to be maintained)
> Administrator is responsible for the monthly disbursements according to the escrow instruction at the time the loan is initiated
> Payments to investors (if applicable) will be paid first, then payments to brokers, then Capital Reserve Accounts and then the balance will be disbursed to the borrower |
| PPP for $1 Million to $100 Million. Now Available--USA CLIENTS ONLY
This is for Informational Purposes Only. Not an Offer for Sale.
FOR PRINCIPAL OWNERS OF THE MONEY-- NO INTERMEDIARIES, PLEASE. PCC IS DIRECT TO THE COMPLIANCE ADMINISTRATORS!!
A US Bank (Top) has announced a new fed bullet program for US bank clients ONLY with $1M - $100M cash deposits. Program will return a very nice multiple over two weeks.
Funds will be accessed by way of administrative hold and will NOT be physically moved, blocked or encumbered. Clients will be required to have access to their bank officers upon request.
CRITICAL NOTE: We may only provide the information and documentation to the Principal Owner of the Money!!! If you are NOT the Owner of the Money, please do not respond.
|
____________________________________________
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. |
 Leased Instruments
Collateral for Credit Facilities
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, Barclays Bank 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...
Note that our Leased BG/SBLC is fresh Cut Cash Backed and will be issued in the LESSEE'S NAME. This Provider will not change his procedure, so be aware.
TRANSACTION PROCEDURE:
1. Lessee must read and accept this PROCEDURE very carefully in order to understand the content therein; especially in paragraph 2, 3 4 5 and 6. Only upon acceptance of this 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 5yrs.
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 agree and accept, and are RWA to perform, we can start closing next week.
|
|
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. |
Why This Newsletter?
As a professional communicator of over 36 years, the need for open discussion in this industry quickly became apparent to me when I entered the business of facilitating relationships.
My philosophy is simple: when you create a good, clear and honest relationship between people, transactions happen.
I have seen the exact opposite behavior fail time and time again.
This includes brokers who do nothing more than leech onto a potential transaction but could care less about the long-term benefits of developing a solid relationship, to buyers who end up empty-handed because of their inflexibility to work with a seller. And, of course, 'sellers' who end up having nothing to sell. This world is insane and destined to fail 99% of the time, until someone puts a screeching halt and says, 'ENOUGH!'.
_______________
Trust is always the foundation of a true, strong relationship.
_______________
That holds particularly true when we are dealing with the financial underpinnings of our global economies.
There is just too much at stake to allow untrusted players to be involved. And, that's why most deals that are done are completed behind closed doors, privately, and quietly.
Integrity and Accountability are also ingredients of a successful relationship that spawns transactions.
Do what you say you will do. Better yet, don't TELL me, SHOW me. How we operate as human beings in the world of high finance ultimately decides how successful we will be.
I hope that this newsletter, brought to you occasionally as there is something to talk about or share, will provide a common basis for the creation of the type of relationship that makes for fertile ground in which deals can happen.
Enjoy, and please contribute your thoughts as well. I don't know everything-- learned that a long time ago. I am pleased to act as a medium for facilitating direct relationships between buyers and sellers.
And now that I am also a principal facilitator to a number of trade platform managers, I hope to set the bar higher for those who will work in this industry in the professional, competent way it needs to be worked.
Mike Weiner |
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.
| |
|
|
|
BGMTN.COM:
An Information Service of PCC Funding
News, Views, Opportunities, Opinion.
________________________
Nothing in this communication is to be construed as solicitation or an offer to sell. 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. |
| New Issue BG
This is NOT an offer to sell. It is provided for informational purposes only.
BANK INSTRUMENT DESCRIPTION:
New Issue BG
Age:
Fresh Cut/New Issue
Interest Rate:
Zero Percent (0%)
Term:
One (1) Year and One (1) Day
Issuing Banks:
Top 25 European Banks "AA" Rated or Better
Currency:
United States Dollars (USD)
Contract Amount: Fifty Billion (50 B) US DOLLARS PLUS ROLLS AND
EXTENSIONS
Price:
Fifty percent (50%) Percent or better plus 1% to Consultants and Intermediaries : Buyer's side 0.50%; Seller's side
0.50%
First Tranche:
USD Five Hundred Million
Subsequent. Tranches:
USD One Billion, or as otherwise mutually agreed
Denomination:
USD 500M/ or as mutually agreed
Mode of Payment:
MT103/23
Delivery:
MT760 followed by Hard Copy
PROCEDURES:
1. The Buyer submits the Letter of Intent with CIS, Non-Solicitation Letter, Copy Passport, Board Resolution, POF Tear Sheet signed by two bank officers and Authorization to Verify.
2. After due diligence the Seller will countersign and make it a binding contract for the Buyer.
3. Upon receipt of the countersigned Agreement the Buyer shall cause his Paying Bank to issue a Conditional SWIFT MT103/23 to the Receiving Bank to proceed with this transaction.
4. Seller's Bank delivers the Bank Certified Invoice
5. Buyer's Bank verifies the Invoice and sends the "MT103" or releases the "23"
6. The Seller's Bank delivers the Bank Guarantee via MT760
7. Transactions and their settlement will continue according to above-noted procedures and pre-agreed tranche schedule, until contracted collateral instruments are fully delivered
For More Information, request SV102809 by sending email to Info@BGMTN.com
PCC is DIRECT with the Seller Rep
|
|
Bank Instruments for Trade Programs and Platforms
Does your private placement program or trade platform require you to provide an instrument to their trade program to maximize your earning potential?
We are direct to a provider who contracts with clients for the issuance of cash backed certificates of deposit, bank guarantees and standby letters of credit to be issued by globally recognized banks.
These instruments are strong due to the fact that they are issued in the name of the client as beneficiary and are fully lienable, callable, transferable and assignable which allow them to be used as primary collateral for a credit facility and/or transaction.
Most instrument transactions fall apart because the bank instruments are leased. The issuing bank and/or lessor require the client's bank to undertake to return the instrument on a certain date. This is the only way a leased instrument can be used, however very few banks will do this.
Since leased assets are not practical, our provider has created a exclusive method of collateral infusion in which the instruments only require a corporate undertaking to return or repay the instrument on a certain date between the beneficiary and our company. You will not find this type of product any other place in the market today.
The minimum instrument they issue is Fifty Million United States Dollars.
Send Email Request to Info@BGMTN.COM to receive pricing and documentation.. Use of Instruments:
The Client/Beneficiary has the ability to participate in any legal financial transaction with the bank debt instrument provided through this provider.
The bank instrument may be used as the only, primary, or as a secondary source of collateral. It is agreed that the bank debt instrument can be monetized directly by the beneficiary or an assignee, designated by the beneficiary. Issuance Pricing: Price Sheet upon email request: Info@BGMTN.COM
Instrument Types:
1. Standby Letters of Credit (SBLC)
2. Bank Guarantees (BG)
3. Certificates of Deposit (CD)
4. Reserved and Blocked Funds - Cash Collateral Accounts (CCA)
REFER TO DB102809 WHEN REQUESTING MORE INFORMATION.
|
|
Q and A
Will Your Seller Send Me His Offer And Instrument Screen?
The buyer always starts the transaction FIRST... no seller that I work with will ever send anything out first for two reasons:
1) it is considered solicitation which it is illegal for the seller (if he is a licensed trader) to ever start a transaction-must always start with the buyer asking for the seller to open the door and do business with him.
2) the seller is entitled to know who is asking for this first-by virtue of full disclosure of the buyer and his financial capacity. In fact, the seller has to check the authorities to know if the buyer is legally eligible to purchase in the first place, and that his money is clean and clear.
If the seller has not done this PRIOR to ANY discussion about an instrument, and it turns out the buyer and/or the money have been listed by the authorities as ineligible, the seller can be fined or worse.
So, the buyer, if he is genuinely capable and interested, must take the first step ALWAYS! A buyer who asks for the seller to show his instrument before he knows who is asking is not familiar with the actual rules under which these instruments can be sold. It's called "Know Your Client".
We constantly have some Buyer's who insist that the above isn't necessary. Yet if you want to do business with a seller, you have to take the first step. The Seller is the one with the paper that you want... He/She is within his rights to insist on the way he will sell.
It is, after all, a Seller's market.
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? |
|
Placing Cash, a Bank Guarantee, or MTN
Directly Into a PPP WITHOUT MOVING IT!
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 details. info@pccfunding.com
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. OR, if you can get a SKR (Safe Keeping Receipt) from a major Top 25 European or Canadian Bank, that can be used as well. It must be a western European, Canadian or US bank. |
|
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.
__________________________
Our Focus
________________________
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. OR, if you can get a SKR (Safe Keeping Receipt) from a major Top 25 European or Canadian Bank, that can be used!
|
|
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 | |
|
