UPDATE: Program Change on our Monetization Program of different financial instruments

Date: Thu, May 16, 2013 at 11:20 AM
Subject: Program Change on our Monetization Program
To: ir@globalcrossroadscapital.com

Dear Jeff,

We have made some changes to our bank instrument monetization program. We now offer 4 different ways you can monetize your owned cash backed bank instrument. If you are interested, please email me a request for the submission documents

For Cash Backed Bank Instruments:

1. The instrument MUST be a Cash Backed Bank Instrument (MTN, CD, BG, SBLC) issued by a Western European Bank with a BBB + bank rating or better

2. The instrument MUST be owned not leased

3. The client on the CIS MUST be the titled owner of the cash backed bank instrument

4. The bank instrument must be blocked in favor of the Traders Corporation as the Beneficiary and can be done by any of the 4 options listed below.

5. At time of submission, the client will need to get a RWA letter from his banker on bank letterhead stating that the bank is ready willing and able to issue one of the 4 blocking methods listed above as well as submitting the sample language the bank requires for the blocking procedures.

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CASH BACKED BANK INSTRUMENTS FOR 100M EURO/USD AND ABOVE

100M MINIMUM CASH BACKED BANK INSTRUMENT MONETIZATION PROGRAM

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BANK INSTRUMENT 100M Minimum, No Maximum, INSTRUMENT MUST BE OWNED AND CAN NOT BE LEASED, ASSIGNED or POA – This program will accept OWNED 100M minimum CASH backed Bank Instrument (MTN, CD, BG, SBLC) issued by a BBB + Bank Rated Western European Bank. For all Cash Backed Bank Instruments, we require the Client/Owner block the instrument in favor of the Trader assigning the Traders Corporation as the Beneficiary of the instrument. We have 4 options that we accept for blocking and are the following.

1. MT760 – The Client/Owner will issue a MT760 blocking the instrument in favor of the Traders Corporation assigning the Traders Corporation as the Beneficiary of the instrument for the term of the 13 month contract. This option will block the instrument and the instrument will stay in the clients account. At the end of the 13 months, the MT760 will be released and the instrument will be free and clear of any liens and the Trader Corporation as the Beneficiary will be removed.

2. MT542 – The Client/Owner will issue a MT542 blocking the instrument in favor of the Traders Corporation assigning the Traders Corporation as the Beneficiary of the instrument for the term of the 13 month contract. This option will block the instrument and the instrument will stay in the clients account. At the end of the 13 months, the MT542 will be released and the instrument will be free and clear of any liens and the Trader Corporation as the Beneficiary will be removed.

3. Free Delivery by Euroclear – The Client/Owner will deliver the instrument via Free Delivery by Euroclear to the Traders Corporate account in Deutsche Bank Frankfurt. The Traders Corporation will be the Beneficiary of the instrument for the term of the 13 month contract. At the end of the 13 month contract, the instrument will then be sent back to the Client/Owners account free and clear of any liens and the Trader Corporation as the Beneficiary will be removed.

4. Blocked Via Euroclear – The Client/Owner will Blocked Via Euroclear. This option will block the instrument via Euroclear issuing the Traders Corporation as the Beneficiary of the Instrument. The Traders Corporation will be the Beneficiary of the instrument for the term of the 13 month contract. At the end of the 13 month contract, the instrument will be un-blocked and released to the Client/Owners account free and clear of any liens and the Trader Corporation as the Beneficiary will be removed.

Process : Once the Client and Instrument have passed compliance and we have verification of one of the 4 blocking options above, we will release the monetized funds in 72 Hrs. We will only work with the titled owner of the instrument and/or company that paid for the instrument; we will not accept leased instruments, assignees, POA’s or beneficiaries. The Client/Owner’s Bank must issue a RWA letter on bank letterhead stating they are ready, willing and able to block the Clients cash backed bank instrument in one of the 4 options available listed above.

LTV – The LTV will only be determined once the instrument has passed compliance and is determined by the bank rating from the issuing bank. The higher the bank rating the higher the LTV.

Submission Requirements – Completed Individual or Corporate Compliance Package, Color copy of Clients Passport, The Broker Mandate (Broker direct to the Client) must fill out the Intermediary Disclosure, Proof of Cash Backed Bank Instrument as well as a RWA letter from the bank on bank letterhead.

Trade – Once the instrument is monetized the client can use the monetized funds (if the amount is over 100M) to enter into a 40 week trade or we will just monetize the instrument and the process will be complete.

Thank you,

Tier 1 Trader

This E-mail letter and the attached related documents are NEVER TO BE CONSIDERED A SOLICITATION FOR ANY PURPOSE in any form or content, simply a reply to a request for information. Upon receipt of these documents, the Recipient hereby acknowledges this Disclaimer.

This message was sent to ir from:

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Globalcrossroadscapital.com is an IR media firm and is not a lender, funder, investor, seller, or buyer. If you have interest in the above program you must be a client to pursue it. Proof of instrument or proof of funds required. ICBPO also required. Procedures in becoming a contractual client are disclosed abundantly on our website & blogfeed.

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7 thoughts on “UPDATE: Program Change on our Monetization Program of different financial instruments

  1. Hey there just wanted to give you a quick heads up.
    The words in your content seem to be running off the screen
    in Firefox. I’m not sure if this is a format issue or something to do with web browser compatibility but I thought I’d post to let you know.
    The design and style look great though! Hope
    you get the problem fixed soon. Thanks

    Like

  2. FYI: SWIFT MT542 is a free delivery and is not a blocking code. You need to correct your procedures. The same with case with Euroclear Free Delivery (92146). These are title of ownership transfer free of payment and the bond or bank note us all yours once you get it. The only SWIFT blocking comes under a full blown bank guarantee via SWIFT MT 760.

    Like

    • Do you work for Swift? If you have difference of opinion with this source I would take it up with them. But as of now they dispute your opinion and have stated no change of SOP is intended. We do not dictate SOP to any of the 100’s of different kinds of sources or service providers on our wirefeed.

      Like

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