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December 21, 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.
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Commentary
--2009 Ends. Thank God.--
To say that this year was a monster roller coaster ride in the economies of the world would certainly be an understatment. The last couple of weeks, as buyer's scramble to find paper (in their continuing self-sabotaging insistence on using their procedures) pricing has gone up as the supply goes down. Yet there is still the continual misrepresentation of brokers and ill-informed, or ill-educated intermediaries and some sellers, too. Fortunately, the changes that have been long overdue will go into effect around the end of January, and those who have been operating incompetently or fraudulently may find enforcement authorities knocking on their doors. Good riddance.
Basel III will kick in, and those who can interpret the writings will find most reputable sellers and buyers, or their principal authorized representatives, the last ones standing. This will clear the way for more straight-forward, direct principal to principal transaction conversations, and eliminate what I have called "InterFeriaries" who see a fast buck and don't understand the basic human relationships needed for someone to trust someone else before making a deal-- particularly in this high-dollar arena. The big boys on both sides of the transaction have been both laughing at this, and also being frustrated by it, too.
That this piece of the financial industry, which has such huge impact on economies around the world, for it to have been allowed to become the Wild West of transactions, is beyond astounding.
Finally, those who can do something have woken up to find this mess at the very heart of the monetary flows and project fundings. It may not totally clear the sewer of people who don't know what they are doing, or are doing criminal things like changing legal documents that should not be touched, or spreading sensitive documents of a buyer to unauthorized parties, or otherwise representing themselves as "direct" when there is in actuality a chain of brokers. At least though, it may clear it enough for one side to deal with the other side cleanly, truthfully, and with good intention and capability to either buy or sell.
PPP TRADING MANAGERS
During the next weeks, until January 15th or so, trading platform managers have, for the most part, shut down to catch up with the paperwork and take a rest. My trading house has also closed down for the break for the same reasons.
NEW ORDERS CLOSED FOR SUBMISSION
We are not accepting new orders from buyers from now until the rest of the year-- and then resuming around January 4. A number of buyers keep trying to muscle in their orders, and they are not meeting with much success. It is a seller's market, and the seller's rule the procedures. It is amazing how many buyers insist on buying their way, then wonder why they can't find paper. I've already commented on this phenomenon many times in past issues, so I won't beat that dead horse here.
TRUST IS THE BOTTOM LINE
It takes the building of a relationship of trust before you can expect anyone to seriously allow you to work with their money or their paper. It is easy to become a bit complacent about letting people in who do not have the requisite business sense, ethics, integrity and accountability. I won't hold myself out as being the be-all, end-all, as I have certainly made my share of mistakes that had unintended consequences. Haven't we all? Fortunately, I usually learn from them. What I cannot understand is those people who do not learn the lesson and keep repeating it. It is not wonder that finding a reliable, trustable business associate is so difficult. I would be foolish to expect someone with hundreds of millions or billions of dollars to roll over and let in an unknown, untested or inexperience into their inner sanctums. |
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Senior Life Settlement MTN's
The SUPER Bond/MTN... Better Collateral Than Cash!
USD 530,000,000 Medium Term Note Offering
7 years, Zero-Coupon
THIS IS NOT AN OFFER TO SELL: INFORMATIONAL ONLY
INDICATIVE SUMMARY OF TERMS AND CONDITIONS
Financial Instrument Type: 7-year, Zero-Coupon, Non-Callable Medium Term Notes (the "Notes").
Identification Detail: CUSIP NUMBER AND REGISTRATION will be furnished once Purchaser is identified and submitted to Standard & Poor's (S&P) where Notes will be registered.
Description of Offering: Zero-CouponMedium Term Notes (also referred to herein as "MTN"s) collateralized by Senior Life Settlement policies issued by U.S. life insurance companies with an AM Best rating of A- or better (the "Policies"). All of the underlying Policies are in-force, past the period of contestability, and past the applicable suicide period.
Underlying Insurance Rating : A- or Better AM Best rated Insurance Backed Notes (rating from underlying insurance policy)
Currency : USD
Trade Date : TBD
Issue Date : Receipt of funds
Maturity Date : 7 years from issue date; August ____, 2016
Offering Amount : 530,000,000 USD
Offering Price : 57.5% of face value (par) or $304,750,000 USD
Insurance for RVG Bond The Offering Price includes the issuance of a RVG Bond. The Offering Price shall be reduced if this bond is not required by Purchaser. Quotes for adjustments to Offering Price will be available upon request of requirements by Purchaser.
LE Maturities The Offering Price does not include LE Maturity Insurance. The Offering Price shall be increased if this type of insurance is required by Purchaser. Quotes for adjustments to Offering Price will be available upon request of requirements by Purchaser.
Redemption Price : 530,000,000 USD
Denomination : 10,000,000 USD or TBD by Purchaser
Annualized Return[1] : 10.56%
Yield to Maturity[2] : 8.23%
Rate Cut Off Date : Not applicable as principal and all accrued interest due at maturity.
Issuer Call : Non-Callable
Call Notice Period : Non-Callable
[1] The Annualized Rate of Return or Annualized Return on Investment is 10.559006%. It is calculated by:
(a) dividing the total Interest earned on the Notes (42.5% of face value (par)) and dividing it by the total price paid (in this example, the Offering Price) (57.5% of face value (par)): 42.5%/57.5% = 73.9% (in dollars, 225,250,000/ 304,750,000 =73.9%); and (b) then dividing that figure by the term (7 years): 73.9%/7 = 10.56%.
[2] The Yield to Maturity is 8.2264%. It is calculated using the standard yield to maturity calculations for a zero-coupon instrument, consisting of the Offering Price plus interest compounded annually to maturity..
TO OBTAIN MORE INFORMATION SEND A REQUEST TO INFO@BGMTN.COM AND REFERENCE THIS INFORMATION POSTING: WILRO112509 |
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What Are "Senior Life Settlement" backed Bonds?
Bundling these policies, or 'securitizing' them, into hundreds or thousands of these policies, will go into a Bond, to be sold to investors such as big pension funds, who will receive the payouts when the insured dies.
Life insurance is a bet, of course. The longer an insured lives, investors in these bonds could receive poor returns, or even lose money. But some proponents say it would benefit people who want to cash out their policies while they are still alive.
If a policy is purchased and packaged into a security, the investor keeps the policy alive by paying the premiums. With 26 Trillion dollars of life insurance policies in force in the United States alone, the market could be hard to ignore. Even is a small fraction of policyholders sell them into a bundle, some industry sources think the market could reach 500 Billion.
Reportedly, Credit Suisse is essentially building a financial assembly line to buy large numbers of life insurance policies to be packaged and resold as bonds to investors. Credit Suire purchased a company that originates life settlements and has established a group to structure deals, and another to sell the products. The same sources say even Goldman Sachs has developed a tradable index of life settlements, similar to tradable stock market indices.
PCC has already connected with a small group of underwriters also packaging these bonds, and believes that many investors in 'plain vanilla' medium term notes (10 yr/7.5%/cash backed) may be missing the boat by not looking into the SLS backed market. Because it is still in the early stages, establishing a relationship with a multi-stream source of bundles will put a buyer in the position of taking down the cream of the crop. More information is available on certain current offers by request. Info@bgmtn.com |
Project Funding Program:
Reference PMG112009-1
Presentation of investor for 100% JV Finance for 50% profits.
Brief Summary
100% JV -- Not a Loan
Suitable for
Infrastructural projects including construction
How it works
Stage No 1
Our JV funders will look at the type of projects mentioned above;
Preferably an 'Executive Summary' and also some financials;
We need to know who are the promoters, and need their details clearly;
JV funders will need to know important information like ownership of the Company etc;
You will need to explain clearly what the Finance is require for;
Confirm that all Legal documents and permits are in place;
Confirm that the project is ready to 'go'.
Send all of the above as .pdf document
Stage No 2
If the proposal is accepted you will be notified, usually within 1-2 weeks with a direct JV offer.
In the meantime NCND is signed for fee protection on the clients Headed Paper and also notarized.
Our fees will be agreed as a % of the total value of the investment. We may enter into an agreement with a signing fee plus % of the value of the output in the JV period.
The funders will make their JV offer direct to the client, not via Broker.
JV will also travel to the clients site to review business plan and see operations;
It is expected that all permits, certificates and plans will be immediately available.
All negotiation is directly between them.
This stage can be concluded within 30-40 days.
JV does not get involved in day-today operations!
JV is basically a 'business partner' for the future growth of the business.
During the due 'diligence stage' the JV partner may request the client to share this cost. This will be clearly discussed beforehand and does not always apply. So, it is best to have all documents, business plans in place and at hand.
What Type of Projects are accepted?
- Projects not accepted
Pilot projects
Unproven technology
Projects under $5 million
Projects not ready, no up-to-date business plan.
Projects where client is not identified.
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JV Funders
Proven, both Institutional Investors and private.
Have funder huge projects including all types mentioned above from Hotels, mines, oil installations, Wind Farms worldwide etc
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What do you get?
100% Finance for 50% of profits.
Length of term is 30 years.
"Business partner for long term growth", sharing the profitability.
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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 |
Why This Newsletter?
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As a communicator of over 36 years, the need for open discussion 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!'.
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Trust is always the foundation of a true, strong
relationship.
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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 business 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 seller mandate, and a principal facilitator to a hedge fund plus 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.
PCC Funding
a division of PreConstruction
Catalysts, Inc.
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For The Principal Owner Of BG's and MTN's
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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. |
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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 |
DISCLAIMER: 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, Olney MD 20830.
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New Appointments As Seller Mandate, Principal Facilitator to Hedge Fund |
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PreConstruction Catalysts' CEO Michael Weiner has been appointed as a Seller Mandate to a registered Swiss trading house, with high-level trader access and private placement opportunities.
In addition, Mike is also a papered Principal Facilitator to a European Hedge Fund. This appointment provides another direct source for paper and adds to the growing list of providers that the company is working with directly.
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NEW!!! Subscribe To Our New FIRST ALERT Plan!
Our distribution list for this free newsletter has just exceeded 1,100 individuals around the world. Several of our readers cannot wait for the next newsletter and ask us to send them various opportunities as they come in.
Frankly, to send out special offers to people who want to receive them before the next newsletter is just not practical. That list is too long to sort and send each time something comes in. So we are now offering a paid FIRST ALERT opportunity for the serious and genuine reader who wants to get the offers we receive from our sources faster than weekly.
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There is a monthly fee for this service. $35/month, billed automatically to a credit or debit card. You can order the subscription service through Paypal.
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What you will get:
- Early notification of offers that we receive and believe, to the best our abilities to validate, as real.
- Strictly TIME SENSITIVE opportunities, either from our direct providers or others we have reason to believe are genuine.
What you WON'T get:
- Your name sold or distributed
- Unrelated, irrelevant information.
There is a monthly fee for this service. $35/month, billed automatically to a credit or debit card. You can order the subscription service through Paypal.
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An Information Service of
News, Views, Opportunities, Opinion.
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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. |
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If you are a buyer principal and are prepared to provide and follow the seller procedures to the letter, the time is now to get your offering package in.
NOTE:
A complete offer to buy always includes a Letter of Request or Intent, a Client Information Sheet, a photocopy of the principal signatory's Passport, and a letter indicating how you intend to proof your funds.
Remember, the seller is under obligation to follow "Know Your Client" rules, meaning he/she must verify that each and every Buyer be cleared as eligible to buy, and theBuyer's money must be clear and clean from drug, terrorist or other illicit restrictions.
Asking for them to do anything before having these documents in their hands is a relationship killer. Insisting that the above is Broker BS is just plain ignorant and stupid. |
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FOR INFORMATIONAL PURPOSES: NOT AN OFFER TO SELL.
BANK INSTRUMENT DESCRIPTION
(Ref Gen112109-1)
(Note- we are SELLER MANDATE)
OFFER OF THE DAY:
Instrument: Bank Guarantee.
Condition: Fully cash-backed.
Currency: Euro.
Issuer: Barclays Bank Plc.
Contract amount: 2,500,000,000 (two billion five hundred million Euros), with possible rolls and extensions.
Denominations: 500,000,000.
Maturity: 2010.
Invoice price: 75% (Seventy five percent) inclusive of Fees paid by Seller.
Initial Tranche: 500,000,000.
Purchase Format: Interbank screen/verify/block/download and pay via MT103.
Mode of payment: MT 103 to Seller's bank within 4 international banking hours after download.
Mode of delivery: Interbank block/download, no hard copy to follow.
Screen: Interbank screen only (thru Euroclear/DTC/Reuters interface).
BUYER PURCHASING PROCEDURES:
1. Buyer submits this Purchase Order / Contractual Agreement with;
a. Banking Coordinates for Bank to Bank verification of funds
b. Client Profile (CIS)
c. Non-Solicitation Declaration
d. Authorized Signatory's Passport Copy (Color)
e. Board Resolution for Signatory Authority
2. Upon acceptance and execution of this Purchase Order/Contract, Seller issues a Corporate Invoice to Buyer via the Buyer's e-mail address: EMAIL ADDRESS. The Corporate Invoice shall include the necessary Interbank access codes and particulars, Letter of Authority, ISIN / CUSIP / Registration numbers, issue & maturity dates, denominations of the instruments, Seller's banking coordinates for receipt of payment and all other information required for authentication, validation and verification of the instrument(s) on Interbank screen before Buyer blocks and downloads the instrument(s).
3. Within one (1) international banking days of receipt of the Corporate Invoice(s), Buyer shall complete the download of the instrument(s) and payment to the Seller, or this contract shall be deemed non-binding to the Parties.
4. The Buyer will make immediate payment to Seller's bank co-ordinates provided in the Corporate Invoice via MT 103, or as agreed, within four (4) international banking hours of downloading the instrument(s).
BUYER'S PAYMENT BANK:
At this time, this proposed transaction will be handled exclusively by Buyer's Bank.
BANK NAME :
BANK ADDRESS :
BANK ACCOUNT NAME :
BANK ACCOUNT NUMBER :
SIGNATORY NAME :
SWIFT/BIC CODE :
IBAN CODE :
BANK OFFICER / PIN :
BANK OFFICER TEL. :
BANK OFFICER FAX :
BANK OFFICER E-MAIL :
SELLER'S RECEIVING BANK:
Seller's bank coordinates for receipt of funds shall be provided only on the Corporate Invoices.
GENERAL PROVISIONS
1. The Force Majeure clause of the relevant publications of the International Chamber of Commerce, Paris, France ("ICC") applies to this transaction.
2. This is Full Recourse Commercial Commitment Document, enforceable under the laws of the countries in which both the buyer and the seller are located and such countries' applicable laws shall govern the performance, execution, interpretation, enforceability, validity of this Agreement and any other such matter in its regard.
3. There shall be no unauthorized communication to or between the Buyer's and Seller's banks. Any violation of this provision shall automatically void the transaction.
4. This transaction is for the purchase of Bank Guarantees and is to be considered a private transaction. It shall not be construed or interpreted as a securities transaction as defined by the United States Securities Act of 1933/34, as amended, or as defined by the laws of any other nation or jurisdiction.
5. Both parties confirm that each is fully empowered, legally qualified and duly authorized to execute, to deliver this document, and to be bound by its terms and conditions.
6. All e-mail and facsimile copies of this document, when fully executed, are considered as original documents and are legally binding and enforceable.
7. Banking co-ordinates shall be kept strictly confidential and are not to be used in any manner whatsoever other than in connection with the proper conduct of this transaction.
8. The Transaction, security, Buyer's and Seller's codes in this transaction shall remain the same and shall not be changed until this transaction and any and all rolls, extensions or additions have been completed.
9. All matters regarding collection, payment and delivery of documents not mentioned in this instrument will be conducted in accordance with normal banking practices and procedures.
IN WITNESS WHEREOF:
This PURCHASE AGREEMENT consists of three (3) pages which is a full recourse commercial document and by the signatures hereon affixed, the signatory by doing so have approved, accepted and agreed to as set forth herein and warrant that the same shall be binding and enforceable upon the signatory including their respective heir, successors and/or assigns.
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BG / SBLC, MTN, ASSIGNMENT
(Ref SUDA113009-1)
TERMS AND PROCEDURE
We want to introduce interested clients who are genuine, ready willing and able to access this unique opportunity of BG/SBLC assignment through our financial source. This programme is design/created by private investor's currently providing Fresh Cut BG, SBLC issued directly from their nominated Bank, which are specifically assign to the client as beneficiary. They are completely different from other lenders in the industry because they operate outside the stock market; all our investors are private entities and individuals coming together to create this programme. Most importantly what you are getting is a block cash loan unlike leasing an already made instrument from the money market industry (MMI)
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG)/SBLC, MTN.
2. Total Face Value: 50M Euro (Minimum) - 500M Euro (MAX).
3. Issuing Bank: Top 25 Bank.
4. Age: One Year, One Day.
5. Leasing Price: 10% of Face Value by (MT799, MT103-23)
6. Commission: 2% [Split equally by both side]
7. Delivery: MT760 SWIFT TO SWIFT.
8. Payment: Wire Transfer.
9. Hard Copy: Bonded Courier within 5 banking days.
CURRENT ISSUING BANKS:
1] HSBC LONDON [2] BARCLAYS FRANKFURT [3] ABN-AMRO [4] DEUTSCHE BANK [5] PNB PARIBAS (SBLC).
PROCEDURE - [MT799]: DIRECT SWIFT MT760
Fresh Cut BG/SBLC.
1. Lessor and Lessee execute, sign an initial a Deed of Agreement which thereby automatically becomes a full commercial recourse contract after Lessee application have been accepted by the Lessor.
2 After signing the agreement and simultaneously with the return of the agreement to the Lessee.
2.1 Within 24hrs the Lessee will instruct his Bank to swift by MT799 a bank undertaking/ICBPO the 10% lease fee directly to the Investor nominated bank account as agreed in the contract and application formalities.
3. The Lessor will instruct his Bank to issue and deliver the BANK INSTRUMENT OF XXX,XXX.XXX ( Million Euro/DOLLARS) by MT760 to Lessee's bankers for authentication & verification not later than 72hours of confirmation/receipt of the lessee's MT799 payment undertaking/ICBPO (10% of Face Value) into the Investor's bank
account.
4. Upon receipt and confirmation of the Lessor's swift MT760 of BANK INSTRUMENT OF XXX,XXX,XXX (Euro/DOLLARS) by Lessee's bankers, Lessee will instruct his bank to make payment to the lessor and agent 2% fees by MT103 within 48hours for the lease amount.
5. Within 2 banking days after confirmation of receipt of payment of the (10% + 2% of Face Value) leasing/agent fees, the Lessor will deliver the hard copy of the BG to the Lessee's bank via bank bonded courier.
Should Lessee default to pay the leasing fees to the lessor and the Agents 2% fees as agreed after 2 banking days of confirmation of BG MT760 in lessee's bank account, Lessor will instruct the issuing bank to put a claim on the BG thereby forcing the Lessee's bankers to return the BG MT760 to the issuing Bank.
REQUIRED DOCUMENT TO MAKE AN APPLICATION:
01 LETTER OF INTENT
03 CLIENT INFORMATION SHEET
04 PASSPORT COPY
05 RESOLUTION OF THE COMPANY BOARD OF DIRECTORS (IF APPLICABLE)
06 COMPANY REGISTRATIONS, IF APPLICABLE (AS SEPARATE ATTACHMENT)
07 PROOF OF FUNDS (AS SEPARATE ATTACHMENT)
08 COPY OF MODIFIED BANK INSTRUMENT TEXT VERBIAGE AND ANY SUPPORT
DOCUMENTS (AS SEPARATE ATTACHMENT)
09 INDEMNITY LETTER (AS SEPARATE ATTACHMENT)
Request Package SUDA113009-1 via email to info@bgmtn.com |
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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.
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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. |
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How We Work |
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Or... The Rules Of Engagement |
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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 Yours or Our Time.
I am DIRECT to several trading houses, hedge funds and other sellers of paper. As a Seller Mandate for one trading house, I am connected generally either to the provider's principal, or rarely no more than 1 away from the person who can sign the contract. I do not accept offers of paper from non-principals!
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 seller of an instrument is usually prohibited by regulations from soliciting, or appearing to solicit, someone to buy their paper, all initial interest in it must FIRST start from the buyer.
In addition, post-911 "Know Your Client" rules require that a Buyer and his money be Cleared and Clean through Homeland Security and the Treasury. The seller cannot send out a LOI or other documents without first having been approached by the buyer prospect, then clearing him.
So many buyers want to see the sellers informatio 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.
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 NOT be interested in 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. GREEDY BROKERS AND MANDATES KILL DEALS AND LOSE CREDIBILITY! It is better to take a small slice of a pie, than to have no pie at all. | |
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