Download (iboe) ppp program - Volga Realty Ventures (Proposed)

FIDUCIA ASSET MANAGEMENT
INTERNATIONAL BILLS OF EXCHANGE
NOW ACCEPTABLE IN NEW
(IBOE) PPP PROGRAM
IBOE’s are presented to a bank and negotiated to the US Treasury for settlement as an "Obligation of THE UNITED
STATES" under Title 18 Sect 8, representing "a certificate of indebtedness...drawn upon an authorized officer of the
United States," (Secretary of the Treasury) "Issued under an Act of Congress" (public law 73-10, HJR-192 of 1933 and
Title 31 USC 3123, and 31 USC 5103) and by treaty (UNITED NATIONS CONVENTION ON INTERNATIONAL BILLS
OF EXCHANGE AND INTERNATIONAL PROMISSORY NOTES (UNCITRAL) and the Universal Postal Union
headquartered in Bern, Switzerland)
Bill of Exchange must contain:
1. The term "Bill of Exchange" inserted in the body of the instrument and expressed in the language
employed in drawing up the instrument.
2. An unconditional order to pay a determinate sum of money.
3. The name of the person who is to pay.
4. A statement of the time of payment.
5. A statement of the place where payment is to be made.
6. The name of the person to whom or to whose order payment is to be made.
7. A statement of the date and of the place where the bill is issued.
8. The signature of the person who issues the bill.
Over the last 18-24 months the US Treasury and the US Federal Reserve has approved the placement
of US issued IBOE’s into the banking system of many of the major European banks that are part of the
Central Bank of Europe. It has been common over the last several years to be asked if our trade
programs could accept an IBOE into trade. Until now the answer has always been “NO”; however
because of the changes made by the US Treasury and Federal Reserve, the answer now is “YES”. In
the past most holders of IBOE(s) have had to simply put them into a safety deposit box because they
were not allowed to be placed into the European Banking System. These IBOE’s which typically have a
face value of One Billion Dollars or more can now be placed into a PPP program which can generate
over a period of time several times the face value of the IBOE (s). Please advise your clients and
associates of this new and great opportunity. We can provide the funding of the IBOE (s) and
placement of said funding into a Program.
Below please find two options. Option 1 involves the placement of the IBOE (s) in the bank of the
client’s choice and Option 2 involves the placement of the IBOE (s) in an Acceptable Major European
Bank provided by the Platform/Funding Group. Once a Bank has been chosen and the IBOE (s) have
been lodged into that bank, a MT760 will need to be forwarded to one of our credit facilities at either
Credit Suisse, Deutsche Bank or HSBC London to generate and provide the cash line of credit relative
FIDUCIA ASSET MANAGEMENT
to the IBOE (s) for trading purposes. Typically if we provide the bank for the lodging of the IBOE (s), it
will be one of the banks named above.
Upon expression of an interest in our program, we will be delighted to forward a Complete
Compliance Submission Package to be completed and will gather the necessary information needed to
understand the Client’s banking Needs.
There are two options regarding bank selection:
OPTION 1
The Client may lodge his IBOE (s) in an account in his present bank, as long as it is a top major world
bank and that bank is willing and capable to send a MT760, as per the Provider’s specific required
verbiage, which will be provided upon the signing of a 60/40 Asset Management Agreement with the
Platform Provider.
The cost / fee the bank may charge for the sending of the MT760 in this option will be the Client’s
responsibility.
In order for these aforementioned procedures to take place, the Provider will need to know if the
Client’s bank would be willing to facilitate the placement of the Client’s “original” IBOE (s), into his
own account, and provide the conveyance of the MT760, with the Provider’s specific MT760 verbiage,
which we will provide with the signing of the contract. NOTE: Not all major European banks are
willing to provide this service to their Clients.
In order for these aforementioned procedures to take place at your bank, without any
misunderstanding as to the structure of your account and in association with your cash credit line, the
Provider will require, with the Client’s permission to have a phone call with the Client’s bank officer.
Therefore, if Option 1 is the Client’s choice, to lodge his IBOE(s) in his present bank, the Platform will
request that the Client make an arrangement for his Bank Officer to receive a call from the owner of
the Platform, along with its’ Trust Representative, at a specific date and time, to discuss his account
and the particulars of this transaction as it will relate to Platform’s contract agreement.
Protocol: After the sending of the Swift MT760, the Investor client, must provide to the Platform a
certified copy of the Swift MT760, that was sent through the Swift System of the bank, that has been
signed and stamped by TWO Bank Officers as a “certified true copy”, and /or a Letter from the bank
stating that the Swift copy is valid and authentic. The “certified true copy” must include a copy of the
Answer- back from the Receiving Bank confirming the validity of the Swift. Bank-to-Bank Swift
Protocol only, No Advance Calls, no Swift Pre-Advise. The Swift MT760 must be sent via the standard
Swift system by PRIORITY-URGENT, EXPRESS-SAME DAY WIRE (Not via Euroclear).
FIDUCIA ASSET MANAGEMENT
OPTION 2
The Client may lodge his IBOE (s) in a bank which the Platform will provide.
The Bank Coordinator Service Provider has arranged for accounts to be opened at one of three banks.
These banks have agreed to send the required Swift MT760 to a designated account as represented by
the Funder to obtain the necessary Credit Line for trading purposes.
The specific bank that will be utilized for a particular Investor Client will be determined by the Bank
Coordinator Service Provider on a case by case basis. The decision, as to which financial institution,
will be made and chosen, for each particular Investor Client, is contingent upon due-diligence and
compliance evaluation.
Special arrangements will be made at the selected bank, for the establishment of a “Sole Signature
Account” in the Investor Client’s name, for the lodging of the “Original” IBOE(S).
PLEASE NOTE THE FOLLOWING BELOW
These particular banks have also agreed to send the required Swift MT760 to a designated
account, with an “agreed upon” 72 hour “grace period” for payment of the MT760. Therefore,
the cost/fee for the MT760 can be paid out of the cash Credit Line obtained.
Therefore, if the Client chooses this option, for the depositing of his “original” IBOE(S), after the
deposit, upon his direction, a Swift MT760 will be sent to the Credit Line Lender, with an agreed upon
72 hour grace period for payment.
The“ benefits” to choosing this OPTION 2 are:
a) A “72 hours grace period” can be arranged with the bank after the sending and acceptance of
the Swift before the cost to send must be paid from the credit line that has been arranged.
Result: No out of pocket expenses to the Client.
b) The Bank will be familiar with the Program concept and approach which eliminates the time
to educate the bankers in your present bank. With the cooperation of this Bank, the Platform
already is assured of the cooperation it will need with this transaction. There would not be the
concern with the Protocol aspects of Option 1.
c) PROTOCOL: The protocol procedure of Option 1 will not be required since the provider’s
chosen bank will be in control of the Swift MT760 sending and the Answer-back and can
communicate bank-to-bank with the receiving bank to confirm.
FIDUCIA ASSET MANAGEMENT
If the Client wishes to utilize Option 2, with the Provider’s chosen facilitating bank, it is necessary this
information is advised ASAP so an appointment can be made for him to meet with the facilitating
bank.
This Private transaction will be a Long Term Trade Program with a 40 week duration and with a
projected return of 25% per week or 100% per month over a period of 10 months in accordance with
historical performances.
TIMING: The Platform and the Trust Representative wish to activate this transaction immediately.
You are advised that the Platform hosts and manages controlled collateral (MTN’s) Buy Sell private
transactions and assists private individuals as well as partnerships and corporate organizations with
Managed Buy Sell Transactions.
The Platform highly recommends Option 2, and should the Client agree, the Platform will
arrange and confirm an appointment for a specific day and time at the selected Bank.
At that meeting, the Client will meet the Platform Provider owner, the Service Provider, and the
Trustee providing the cash Line of Credit and appropriate Bank Officers.
Thank you for your interest in our IBOE program and hope you realize this is an entirely new market
involving several trillion dollars in IBOEs held by individuals, trusts, corporations, etc. around the
world.