We have the ability to Issue Loaned/Leased instrument program CD's, BG's, SBLC's, etc. that are cash-backed from top 25 banks. What makes this collateral so strong is that the instrument will be in the name of the Beneficiary, is fully lienable, collateralizable, callable, transferable & assignable.
Where most deals fall apart is that they require a bank undertaking that says the bank will return the instrument back at maturity, very few banks will do this.
These instruments only require a "Corporate Undertaking" between the Beneficiary and our company. You will not find this any other place in the market!!!!
Minimum of $10 million instrument.
For more info contact:
ryan@pofllc.com
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Ok, ryan I will gamble with you!!!
I have a great project in the Petroleum Industry for $500mm usd so I need your Bank Instrument in my name for $500mm usd!!!!
No up-front fees????? No fees or costs for me until the closing of the funding at my bank in London HSBC??????
And what is your jv share??????? How is your jv structured----as I have to have my project money 1st!!!!!
thank you Sir!!!
All the best, Mike
usafuelsystems@yahoo.com
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This clown wants a lender to provide him with a service with no out of pocket expenses. Mike, welcome to the real world ! Real deals are not cost free ! A lender is bound to go out of business by not prequalifyig the client. Jokers like you are in the millions. I bet you do not have the collateral assets to support a $500 million dollar deal.
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Mike,
No where in my post or on our website is "no upfront fees" mentioned. The old saying rings true it takes money to make money. However unlike most other providers of instruments I can provide references and redacted copies of recently issued instruments to review the verbage.
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Ryan you asked me for 4% upfront when I was trying to lease a CD from your group and the Law firm you listed for escrow is a fraud.
If you can do the deal come clean.
My banks want to verify the CD first and I have no problem paying your fees.
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Any real and legal funding deals get paid at the closing---at the bank!!!
The FBI informs me that up-front fees are illegal and are just scams to get your money!!!!! Any legitimate funder understands these guidelines!!!!!
Good luck in finding some sucker to pay you up-front!!!
All the best, Mike
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Carlyfornia,
Stay out of my business!!!! Or is this tony hiding behind another alias??? Yes I have the contracts with the major oil companies for their services--------but only to JV Partners with real verifiable funds----not a joker broker like you!!!!!
Mike
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Its pretty easy if someone wants to use third party collateral the bank issueing the credit line or paying out will want to evaluate and assess the value of the collateral, the position of the third party and the availability of the collateral when the actual borrower defaults.
Its even found in the Sumerian texts that a third party guarantees the payment of a loan.
Sure the party providing the collateral does not do that for free, so he will earn a fee for the use of his assets. He will in turn evaluate and assess the risk that he has to pay up.
Its between the parties when the fees and expenses will be paid. If parties are brought together by a broker its in most countries very questionable if the broker can have his fees upfront, however it is possible to secure the assessment cost and set up cost of the collateral provider. If they are paid than they are refundable when the deal breaks down.
The problem is that in most broker generated files the borrower who shall pay does not know the collateral provider, so its a chicken and egg scenario. In positive files the bank knows the collateral provider and secures the payment by a conditional bank commitment or if the collateral provider uses a well known and positively referenced escrow agent such fee and cost deposits are acceptable.
However every party needs to evaluate the risk itself and that includes the intermediary partners and parties which benefit from the transaction without being principals. Kepp in mind the bank issueing the instrument does not really care as long as they get their money when the collateral is called upon and they have a hands on approach.
There are some parties offering these transactions who fly under false pretense (most of them in my opinion, I can however not say anything about the offer here) and the lending bank will never release the credit line, if not money a lot of time wasted and good bank relations troubled. Sometimes people just loose sight of realities and pay up front and then have trouble recovering these expenses. In these cases the broker as well as the collateral provider count on the fact that the lending party is almost broke, does not have the funds or willingness to go after them in multijurisdictional environments and the unwillingness of law enforcement agencies (that may change but slowly).
I'm not saying all the non-performing transactions are fraud, some fail because of the lender not reading the fine print, some fail because of a collusion of all parties including the lender, to misrepresent towards the bank, hoping for all the best and so on... but some are and the line is thin and crossed fast.
I believe it would be beneficial if someone offering these transactions would spell the offer out more clearly and does include a risk assessment, but thats me. My argument for it however should be thought through: This forum is Search Engine Active, meaning its postings are assessible by search engines, which means the offers are to the public since you can not control the receiving sphere of such postings. There are a lot of jurisdictions who have elaborate rules and even enforce outside their jurisdiction ( such as the US who reserves the right even to kidnap offenders overseas if a court in the US has issued a warrant or an indictement, yes not only for terrorism, for taxes, securities situations, patents etc if you follow the presentation of a UK attorney in a London court acting for the US Federal Government).
A final word: If you consider the expenses and the set up the economic viability of these transactions using third party collateral is very restricted and legal considerations make them expensive and difficult to handle, so I really do not see much value here for the non-institutional investor or borrower
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Mike, Tony who? If you are going to accuse me of something, have the courtesy to post a last name, so I will know who you are accusing me of being.
Richard, you are so correct. However, your comments will mean squat to most of the readers of this forum, because they lack common business education. And, a large majority are idiots, just like Mike.
Re. the FBI: Please give me a break ! Since when the FBI dictates how a business is ran? FBI is a Law Enforcement Agency!
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Carlyfornia, You continue to attack me here on this forum and use hateful words to insult me????? I wonder why the forum manager has not run you off yet----as you continue to break the rules of the forum with your attacks!!!
You must not be an American Citizen or you would know the FBI investigates and prosecutes these up-front fraud schemes!!!!
I sure you know who tony is as you use the same words!!!!!!
Mike
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My group can lend against these as long as the issuing bank is US based and A rated or better and we are assigned. Must be backed by an irrevocable counter guarantee. We charge no upfront fees. Lender requires background investigations and due diligence on the principals which the client must pay for. (nominal $3-5k)
7-8% interest only, 5 pts., renewable annually with no additional fees so long as the underlying instrument is valid. Minimum loan $10m. Can handle most any size.
Beware: We lend pension fund money and gladly report malfeasance of any kind to the FBI and Treasury Dept so don't bother. Serious inquiries with real assets and real bankers only. Please do not contact me about Life Settlement Policies as collateral or leased SBLC's that do not fit the criteria the gentleman spoke of here as I can not help you.
Contact: M. Moon mmoon@cd-finance.com
Phone: 415-846-9718
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Tony, out of respect for Richard-------I have kept from laying into you on this forum----and I have reason to go after you!!!!!! As long as you behave and are respectful of the rules and not go after posters because you believe that is your right then you have nothing to fear from me!!!! I post here from facts and my bad experiances with brokers and crooks who would lie and steal up-front money with no real instruments or abilities to fund projects!!!!!!
Mike
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Carlyfornia,
I only state facts on this forum that I know to be true!!! If I see a name that has cheated me or tries to cheat others I post my bad experiances with these brokers------as any honest person would do to keep others from losing their hard earned money!!!! I post out of conviction not spew critical hateful words to no end!!!! You have nothing to contribute here but criticism!!!!
Mike
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Hello, I'm hoping some of you kowledgeable banking people can help me find a solution to a problem that my wife and I are having with a check. My wife just left a job to stay at home and raise our young son, and she cashed out her 401K plan. After fees and such, T.Rowe Price sent her a check for about $3100. Her name isn't on my checking account, but I thought if we both endorsed the back of the check, then I could deposit it into my account. So I put it into my Washington Mutual checking account with both of our signatures on the back, along with my account number. Unfortunately, Washington Mutual didn't accept the check, so they debited the funds from my account, and sent the check back to us. They said they couldn't accept a "Third Party Item". So I spoke to a Washington Mutual representative about how we could cash the check since my wife doesn't have an account (and we don't want her name on my checking account). She suggested we bring it to the bank that the check is drawn from, which is M&T Bank. My wife called M&T Bank to confirm they would cash the check, since the nearest branch is about 75 miles from us. On the phone, the M&T rep said it would be "no problem" as long as my wife brought two forms of identification. So today we made the drive out to the M&T branch, and when we got there, we were told that they couldn't cash the check because it had my signature on the back of it along with my wife's. We explained why that was, and even showed them the letter from Washington Mutual, but they said the check cannot be cashed. Now what? We're afraid that nobody will accept the check because it has my signature on it. After a couple of phone calls to T.Rowe Price, it seems like getting the check replaced would be very difficult, if not impossible. Is this check garbage? Do we have to throw away $3100? This whole experience has been horribly disappointing. Please, if anybody has any ideas or comments, I would love to hear them.
JDP
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Author Reply
Richard Ludwig
(Login sapphirecapital)
70.187.168.121 stop right there
No score for this post December 18 2007, 2:11 AM
before you listen to a bunch of crap from these banks or so called banks, think back, you received the check as a payment, that easy, you did not get the money, so you can go back to the party which supposed to pay and have the check either cashed there or reissued. Its an easy process, any bank outside the US understands it, in the US its just the problem that the people who work at the level you talk to have deposited their brain in a storage facility and cann't find the address to put it back in. The issuer has to take it back and reissue or open a joint account and put it in there (which for some reason you seem to want to avoid) So stop listening to the basic guy and talk to the supervisor, if that does not work complain, loud and hard, even threaten legal action, do not forget your money, there is no legal reason for the problem just a misunderstood internal paper which makes it a bit more difficult to cash third party checks by a bank (I'm not talking about securities houses which emulate banks).
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Trb
(Login REKNAB)
207.200.116.195 Another approach
No score for this post December 18 2007, 10:48 AM
Just call "T.Rowe Price" and tell speak with a different person and tell this person that you never received the check. They will "check" their "payables" to confirm if the "check" has been cashed. And, since it has not been cashed, they will cancel the previous one and issue a new one. Now, go to the bank where they refused to help you and pull all your money out and walk into your nearest bank and open a new account.
Make sure you tell your old bank's manager how unhappy you were with their lousy customer service.
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Jerrold
(Login JerroldDP)
69.121.208.20 Thanks...
No score for this post December 18 2007, 12:54 PM
Thanks for the reply. We will try your suggestion, but getting T.Rowe Price, which is a large investment company, to do anything to help us seems difficult. They certainly don't seem very motivated to assist, and they already know what's going on since they're keeping notes on each phone call we make to them. But we'll try asking for a supervisor or something. I was just hoping there was a banking solution to getting the check cashed, so we didn't have to jump through hoops and wait for a new check, but I guess not.
Anyway, are you saying that the bank I first brought it to (Washington Mutual), who denied the check when I tried to deposit it into my account, should have accepted it? They told me it was a company policy not to accept third party checks, and there was no way around that. At first the manager of the branch thought that maybe it was possible if my wife wrote her driver's license number and other identifying information on the back of the check, but after making a phone call to confirm, she came back and said that she was mistaken and there was no way they could possibly do it. Is that the norm? Do other banks have a different policy about something like this?
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Richard Ludwig
(Login sapphirecapital)
70.187.168.121 third party checks
No score for this post December 18 2007, 1:57 PM
I'm not sure Washington Mutual is a real bank or just an emulating entity, third party checks are normally not accepted by those and security houses, but banks can and do, to take the issuer on the horn is easy, have a go at it, you will find them very sensitive to bad press, lawsuits and generally complaints send to the supervising authorities, not at the low level but talk straight ahead to the supervisor and the manager, if that does not help send a complaint to the head quarters, I can assure you there will be an answer. The system depends on these routines, does not make much sense but thats america
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Chad
(Login Chad1234)
64.12.116.71 WAMU
No score for this post December 18 2007, 6:35 PM
You could have opened a new WAMU account with joint access for like $1.
Just call T Rowe and pretend like you are still waiting on the check
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bizfeedback
(Login bizfeedback)
207.138.93.14 Another fraud and make someone lie by Tony
No score for this post December 24 2007, 4:58 PM
Here Anotonio Cohen Enriquez's response to the original poster is another proof of what he is. He is asking the poster to lie that he never received the check without being honest to the bank. Hey Tony you are a fake banker. Why Tony will not do it? Because he is a well known scammer out of California. Here is a proof by his own post.
Google it up ""Tony Enriquez Scam"" Find the information you need.
------------------------------------------------------------------
The previous information was from a posting in this forum. Here Antonio Cohen Enriquez is asking someone to lie about getting a check without being honest to the bank and explain the problem.
Why did trb do it? Because he is a dishonest and a scammer out of Calyfornia( California)
Hey fake banker, Anotnio Cohen Enriquez, Trb, The real banker, Aefoundation, Isagracela Madison, Johhny Estrada, Mikepumps(in bradynet), moneybroker123, Johnny Lachuan Bussey(whatever that neame is), TonyCe, JoseMikelovecock(in bradynet), now here Calyfornia. What else can you be Antonio Cohen Enriquez? A propven scammer and dishonest person. You can run but can never hide. Truth will hunt you for the rest of your life.
Google it up "Tony Enriquez Scam" Alot of information is available through that search.
This Trb, Tony Enriquez gets patting on his back by the like minded people. Thomas Wolf, William Chan(clear Verbiage) etc. They are all in the same group. Be aware of them.
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