Is this a possible outlet for BG-owners and is it feasible and effective?

Thanks for feedback and Happy Halloween, all. >

Paul

it is not

Care to explain, please? It's no help to tell me "No." I need to know why.

Paul

Paul, a sign of getting old, is when you start to lose your memory cells.

This subject has been discussed over and over in this forum.

Bottom line:

1. Only money can enter into trade contracts.

2. The only way a BG can be "part of a trade contract" is when the platform can issue a CASH line of credit and place the CASH in the trade. The LV is based on the rating of the BG and the issuer.

I can go on and on explaining how it can be done. But, why? You will forget the lesson as soon as you click onto another subject in this forum.

~

Hi Paul,

Have a look at ny answer to Dr Reynolds.

Will

http://www.network54.com/Forum/27708/thread/1189540542/last-1225295623/MT760>

The next question is:-

Why cant the owner or the benificiary forfait the BG themselves and come

to the dealer with a term paper, unless like others have advised,

most likely it is a colleteral, Leased ( rental ) or stolen etc.

To trade, an account has to be set up in a brokerage, with liquid funds.

Secerario is that the investor is not straight or the solicitor is a

Joker Broker trying to do a JV and trade with some scammers knights of the

universe.

Look carefully at the risks involved.

There is too much in this grey game and the chances of it being legit

is almost Zero.

TRB mention cash only.

Yes he is right as can you open a brokerage account with a paper.

will

Paul I know your comments recently can make everyon think you are some kind of smartass, yet by your own admission you are learning about guarantees and the finance business outside of your comfort zone.

You have been given some good advice to your respond.

namely do your own diligence on any offer of paper or cash that is put forward to you. In other words a ''know your client'' exercise.

with regard to paper/instrument look in the mirror and ask yourself a simply question Why me? a good answer is always, I must be the end of the line. The reason being that is more that likely the paper you have been offered has come through a broker who has failed witht he placement of the instrument, he normally has received it from someone else who has failed, but has demanded a percentage of a successful placement, and so on and so on until the find the ''owner/beneficiary''.

Then ask yourself why the ''owner/beneficiary'' has not lodged to his brokerage and secured a credit line/cash loan against the instrument or indeed sold it for cash. Will has summed this up beautifully, usuall there is something wrong with the paper, the alleged owner, the lawyer/solicitor or the broker who has approach you. Otherwise you are not required. That is the reason why you see all these brokers looking for some of the action because the hope against hope that someone out there might have an avenue to intake the note and earn money for their breakfast.

Considering all the above then you are nearly there.

TRB told you that only cash is acceptable in any sort of trad/investment opportunity. Simple answer because 99/100 you cannot move the credit line if so required. So the brokerage offering you the placement will not work with you.

So if you follow the above, you will either be still in the position you are seeking the Holy Grail or you may be lucky and find the cash find a good broker house and hey presto you are earning.

Do not listen to JBs any more they are all like you and the rest pursuing a dream to become rich overnight. It doesn't happen.

Consider this as a further thought, solid broker houses, banks and registered brokers work on basis points which is usually somewhere between 0.10 and 0.20 percent, yet you are being asked for 1percent, equals 100 basis points, from a non registered broker. Do you really think a bank will allow you to earn more than them. Yu may do so in property deals but not in bank paper. I have never seen a transaction close where plus 1 etc is on the documentation, however I have seen many deals close where the commission is within an acceptable amount.

Finally investors with money, are not stupid and understand how to make money. So if you are lucky to find one treat him/her with respect and do not push your client around the broker world because the client will lose his/her trust and belief in you and you end up the permanent loser. I have been at this business for over 25 years and still learning and never ceased to be amazed at the quality of rubbish that is presented. lst but not least stay away from currency exchange deals, no one can prove the funds they claim to have and most certainly no one has the amount of dollars required in these deals, all offered at large discounts, if that world existed then the US banks would not have required any assistance from the Treasury. That particular world is pure fantasy

Good hunting and I hope this helps you make your decisions.

I concur with "BBB" comments up to a point.

A normal trade transaction may bring a maximum of 2 bps per tranche (to the investor) and hence a (0.50 bps ~ 1 bps)1 bps commission fee for a broker would be out of the question. But, there're transactions where the ROI per tranche is between 10 to 14 bps for the investor, hence a fee of 1 bps allocation for the introducing agents is not out of this world and European banks will accept a "pay order" assigned to the introducing registered agents in that level (1 bps per tranche). I know; it is hard to believe it.

Trb

Guys,

You meann it is not +1+1+1+1+1.

Man, Joker Brokers hearts are broken by thos comments.

Will

Will

Like your comment but in fairness, prove the funds exist and it is possible to have a nice living, try to con people and there are plenty of jails around the world with welcoming arms