We provide Lease instrument CD is placed on DTCC CASH BACK
Posted in the Banking Forum
#1 Sep 5, 2010
A) the instrument will be issued for 1 year;
B) the leasing fee will be 9%;
C) the instrument will be placed in DTCC with the company or person that you state to us as beneficiary.
D) We will deliver the CUSIP number, Certificate of Deposit Number and the Security Code/Electronic Signature (in order for you the beneficiary to block it or transfer it to the lender, but only one time);
E) If the leasing fee of 9% is not paid within 30 days then the transaction is considered null and void and all funds received are deemed earned.
Clients Would Provide CIS, Passport copy contact me on email@example.com
#2 Sep 5, 2010
Everyone knows Chase Manhattan Bank issued CDs are a waste of paper. No one, and I repeat, no one can use leased bank notes as collateral. What is next? Lease the house next door to mine for a few euros per year? Do I own the house next door....? Of course not. But, I know the back door latch is not securely closed! Any fools out there?
Ask to read the contract first and you will see the part that will state: "no one can contact the issuing bank and no one can pledge this CD as collateral and no one can ask to have the CD moved to the funding bank and no one........"
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