Any body understand how a tri party swap or repo works, if you do it is the easiest trade in the world to do, easier then a buy/sell, no haggling over pricing, or any of the joker broker stuff.
if know how , it is done deal and money in your pocket and no dreaming. contact if interested.
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simple the one bank we use are not putting anymore risk on there books, so therefore need a new counterparty to trade with.
simple trade for 100m the bonds have been verified that we have and are very liquid, is a bank had a heavy exposure to the subprime paper and there fore no more risk on the books.
Deal is all set at Euroclear.
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a straight trade bond swap for bonds, the bonds we have are issued, corporates finance issues, govvies, all listed, all dtc/euroclear settlement.
If you have access to a desk that can do a bond swap it is sweet and simple, the swap dealers basically issues a order/via euroclear/dtc the bonds and and tickets are matched as per the orders and settlement.
We have 100 M of the bonds, all ready to go, all on bloomberg. Just tell what your dealer is interested in and i can match the order from what the fund has in inventory, as per the maturity, coupons, ratings, corps or govvies.
regards
smt2000
tel 33 6 13756746 fr
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Mr. Banker Banker, wanted 5 per cent commission based on the value of the instrument plus the cost of setting up a offshore corporation, roughly 21,000 usd fee.
Not quite how it works.
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This might be the worst time for swaps. The only two groups I know who used to work with these are swamped for the moment. Hell, I can't even extend a line of credit with tax credits.
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The problem with you is that you do not know what you want to do, the second is that you can never do a straight swap just like that for an individual account, its either an aged coperation or an institutional account, the esond is that you can only accomplish this through a Tripartit repo loan from either any of BON, ClearStream, JP etc forget about Euroclear because the will not open any Custodian account for you if you are not a financial institution and have at this $200m in asset instrument. now the third is that I requested for information about the said instrument you said that you have so that I will check the rating and the actual value base on the real time trading price but you also fail, now that says its all that your offer is bugus if you can even give a simple fact like the symbol of the bond in question and the custodia bank that you havve account with. tripartit repo is not something you do with an Individual account, you can only do it with institutional account or corperate account. but in all you really are wasting your time if you think you will accomplish this based on your terms which is nothing then go ahead and good luck with you.
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the paper was checked and the trade we set up was via our account at BS, since they are now JPM, JPM is not putting any more risk on the books of BS, in fact JPM is hand picking the accounts they wish to keep and are closing 98 Per cent of the accounts at BS, as they have already started to break up BS.
It is a corp account, took us 6 months to go through DD and compliance and sign , "give up" and "ISDA Agreements" so we know our stuff.
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