COLLATERAL FIRST TRANSACTION (Screen Block and Pay)
Posted in the Banking Forum
Since: Oct 08
#1 Oct 18, 2008
COLLATERAL FIRST TRANSACTION (Screen Block and Pay)
BUYER’S PROCEDURES REQUESTED:
BUYER sends letter of intent with banking details, including enlarged copy of Signatories Passport, Client Information Summary, and Non Solicitation Statement.
SELLER countersigns the letter of intent making it a binding contract as read and approved by him, adding his full banking details for the dispatch of the Corporate Invoice, corresponding to the first Tranche of the transaction.
Within one (1) international banking day from the signature by the SELLER of this Contract and the dispatch of the same, signed to the BUYER, the SELLER will send Corporate Invoice plus a copy of the title Page showing beneficial ownership by fax: and by e-mail:.This Corporate Invoice must include: Registration Number, EUROCLEAR Access Code, CUSIP Number, Issuing bank, date of issue, maturity date, complete screening information and other data for authentication and verification of the instruments on the Euroclear Screen.
Within two (2) International Banking hours, after receipt of the above referred to Corporate Invoice, Buyer will validate and authenticate on Euroclear Screen, we will block the transaction using the blocking codes provided on the Invoice, post a Buy Ticket in favor of the Seller on the Euroclear Screen, and settle via Fed Wire, MT 103 or as agreed between Buyer and Seller
After the SELLER’s Bank has received Euroclear settlement or payment by SWIFT MT 103 or Fed Wire, the bank Instruments will be delivered by bonded courier to the BUYER’s Bank or to such other depository as may be designated by the BUYER’s Bank within seven (7) International Banking days.
Upon receipt of the funds via electronic transfer, the SELLER’s bank shall immediately deliver the safe keeping receipts. Physical delivery of the actual instruments will be made within seven (7) international banking days to the BUYER’s bank or other such depository designated in the BUYER’s bank delivery instructions.
Following tranches will be executed as agreed by both principals until the agreed amount of MTN’s is exhausted.
NO BROKER CHAIN PLEASE
As always, please feet free to contact me at any time with additional questions or comments.
#2 Oct 18, 2008
I have a question for you, Fisher. What are you selling? You did not specify that in your offer. What about the selling price? You did not specify that either. Who issued the bank paper you are offering? You did not specify that either too. And, so on.
Here is an example of what your offer reads.
"Nice car for sale. Send me proof that you can pay for the car and I will sell it to you. Cash only. Once I receive the cash, I will deliver it to you."
"Of course, I will not tell you what kind of car I am selling. I will tell you once I receive and view your utmost confidential, private banking and personal information."
And, what are the chances that you are not a licensed securities trader or a financial adviser?
Get my point?
Can anyone spell IDENTITY THEFT?
#3 Oct 18, 2009
A couple of facts to consider for the prior written nonsense.. First let me start by saying I'm a true buyer that have been showing POF up front on my buys for the bash 12 year.. So I think I know a bit morre then both of these Green Horns..
There is only group i know up that will ever open a new buyer to a new seller (POF UP FRONT IS REQUIRED THOUGH..) That it www.semglobal.eu
No real seller will ever countersign an LOI and offer their banking coordinates to an non-vetted buyer.. Are you joking?? Remember, you are asking them to sell to you, they dont need buyers... you need them..
Second, true sellers have Real Buyers with POF lined up all day... why would they waist their time with groups that want to chance standard banking procedures of showing POF up from fro the past 40+ years?? Think about this logically ..
Also, you don't have to be licensed to broker wholesale paper trade in the secondary market.. To the second gentleman..
Good day Green Horns
#4 Oct 19, 2009
Mr. Fisher is fishing for some paper as our friend from Fresno noted. We are buyers too but of "existing paper" and not so much MTNs which is what I believe my friend Mr. Fisher is seeking.
One thing our friend from Fresno said that I been saying for years is sellers of MTNs and buyers of MTNs already know one another and have no need for us in this secondary or grey market as it is sometimes called. A needle in the haw stack but good luck all the same.
#5 Oct 19, 2009
"And the check is on the mail."
"I am from the federal government and I am here to help you."
"Sure thing honey. I love you."
"But your honor, she said she was 18!!"
"I been buying for over 12 years....." AND THE SELLERS DON'T KNOW ME YET OR HAVE ANY CLUE OF MY FINANCIAL CAPABILITY...I NEED TO CONTINUE PROVING THAT I AM AN ACCREDITED INVESTOR..."
What a bunch of stupid stuff (the joker broker from Fresno).
Who is this moron trying to impress?
#6 Nov 29, 2009
I am trying to understand Euroclear/DTC screen and block procedures for using instruments in trading platforms? Can you explain this for me?
#7 Nov 29, 2009
Sure. Come on over and bring a pillow....it is going to take several months of training. And, don't forget to bring toilet paper....we are running low!
Since: Mar 09
#8 Nov 24, 2010
You're right on that Yucaipa.
He's making me look bad. Where in the hell did he come out from???
You've been buying what for the past 12 yrs??
Houses perhaps??? keep playing the housing market.
There isn't anyone in this town with the Financial Capability
to come out and play with the Big Boys!!!!
#9 Dec 4, 2010
Euroclear be previewed on the screen knows what? For example, Eurobonds, Gold, Cash Money etc..
#14 Oct 24, 2011
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