I have buyers ready willing and able to perform but we do not want a pile of BS broker paperwork.
DVP Block and Pay Bank Officer to Bank Officer.
MANDATORY
Send me an overview of the instrument and the sellers bank officer co-ordinates (Bank Name, Bank Address, Bank Officers Name, Bank Officers contact numbers)
DO NOT send me LOI's Procedures or FPA Agreements we have our own buyer agreed FPA which we will use.
This is how it works and it is simple.........
1> The Buyers bank officer confirms that the sellers instrument is valid.
2> The Buyer issues their Bank officer co-ordinates and the Sellers Bank Officer confirms the buyer has the funds to complete the order.
3> Buyer and sellers Bank Officers complete the transfer
Note:
i) No Upfront.
ii) Bank details are confidential between Bank Officers no need to disclose to brokers or other intermediaries.
iii) None of this Passport BS required.
iv) No pages of contracts, LOI's, procedures etc to sign and read. This is clean, quick and done in a couple of business days.
If the instrument is not valid or if the buyer does not have funds then it is not going to happen so keep your Joker BS instruments away they will NEVER close.
Our Standard FPA is as follows:
OLC Standard Fee Pay Agreement
We, here and now, confirm our strict adherence to the following Fee Pay Agreement.
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(A) FPA Agreement On Purchase of OLC Supplied Instruments by Direct Request or from our Web Site
1. Standard FPA agreements would allow for a 1% commission to be split between the buy side and the sell side.
0.5% to Sell Side - Normally closed.
0.5% to Buy Side
2. The Buy Side commission of 0.5% is then split into 3 groups each earning 0.1666%
Group 1 - Referral Network (Broker chain that is marketing the instrument)
Group 2 - OLC
Group 3 - Buyers Mandate (your group)
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(B) FPA Agreement On Purchase of Broker Supplied Instruments
1. Standard FPA agreements would allow for a 1% commission to be split between the buy side and the sell side.
0.5% to Sell Side - Normally closed.
0.5% to Buy Side
2. The Buy Side commission of 0.5% is then split into 3 groups each earning 0.1666%
Group 1 - Referral Network (Your Group)
Group 2 - OLC
Group 3 - Buyers Mandate (Securities Broker)
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Our securities broker can provide CD's, Commercial Note, Bonds, MTN's etc, you can request structured or vanilla and will be given spot prices.
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How to close a deal ..........................
(and this is all we need to get the ball rolling)
1. When buying - Reference the instrument of interest, supply amount wanted and
BUYERS BANK OFFICER CO-ORDINATES (Bank Name, Address, Bank Officer Name + contact number)
(Listed and referenced on
http://www.olcfinance.com/notes_for_sale.htm)
2. When selling - Send sanitized terms of instrument offered ALONG WITH SELLERS
BANK OFFICER CO-ORDINATES. (Bank Name, Address, Bank Officer Name + contact number)
3. When requesting we locate or have a new instrument created -
SEND BUYERS BANK OFFICER CO-ORDINATES we will then 'Bank to Bank' get proof
of capability and present offers for the buyers consideration.
The golden rule is................. no bank officer co-ordinates = no deal.
We will not change our procedures above so do not ask.
Offshore Loan Centre
Global Financial Solutions
http://www.olcfinance.com
