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WE DO NOT SEND OUT QUOTATION OR INFORMATION IN REGARDS TO ANY INSTRUMENT, PURCHASE OR LEASING.
IF YOU RECEIVE ANY EMAIL THAT STATE TO BE ORIGIN FROM US, PLEASE REPORT THIS TO AUTHORITY.
PLEASE VIEW A SAMPLE OF SPAM AND SCAM EMAIL BELOW THAT IS SEND USING OUR firstname.lastname@example.org
From: ‘Exim World’ via Corporate Email <email@example.com>
Reply-To: Exim World <firstname.lastname@example.org>
Date: Friday, 29 June 2018 at 1:47 PM
To: “email@example.com” <firstname.lastname@example.org>
Subject: Looking for Monetization
SIR WE ARE RE-SENDING THE MAIL
AS EARLIER MAIL SENT TO YOU HAS BOUNCED BACK.
Looking for Monetization
Can you monetize Lease SBLC to be issued by
- Lease SBLC to be issued byDeutsche Bank – $ 200M
( Can you provide 50% of the Monetized amount
within seven days upon Receiving verifiable and authenticated
place balance 50% in Trading Program )
Advise LTV ( Gross + Net on FV ) and confirm
what would be
Profits / Returns +
commission for the Intermediaries against PPP (Trading Program).
What would be duration of Trading Program.
If you can arrange as stated above,
Funding Entity will have to confirm that
Upon Receiving MT 799 from Providers Bank
Funding Entity’s Bank would send MT 799
stating that they are RWA to Receive MT 760 and send MT 103
( for the amount as mutually agreed per Agreement
within 7 days
from the date of receiving verifiable and authenticated MT 760 )
- Lease SBLC to be issued by Suisse Credit Capital –$ 20M
- Lease SBLC to be issued by Soleil Chartered Bank- $ 30M
- Lease SBLC to be issued by HSBC or Barclays – $ 100M
Commitment (MT 799 ) from Funding Entity as stated above in proposal # 1 is required against each instrument.
One of o
ur Client would like to monetize a UBS bank certificate of about 1,000,000,000 euros, platinum deposit.
Do you have the opportunity to this amount and what are the conditions,
Our client is interested in monetization tool in full or in part, based on it does not
open MT 760 is made full or partial assignment by letter UBS.
Attached Certificate Model
We have Providers for MT 103 one way
Rate 8 + 3
Offer subject to prior sale.
Need copy of BCL along with the Application.
We are looking for Lease SBLC + FC-BG
Client(s) would provide copy of BCL issued against credit line
Advise what is minimum amount of the instrument you can provide
Give name of the Issuing Bank.
Advise rate + commission + commission structure
Can you offer MT 103/202 for our Client based in Dubai
His Receiving Bank is MASHERAQ BANK.
He prefers in small lots (Tranches)
We have Clients dealing in BGs, CMOs, Bonds, T-Strips, Bank Drafts,
MTNs + LTNs + MT 103, Foreign Currency Exchange Program + others
( we have Providers as well as Receivers ).
We deal both ways as it is possible sometimes you may have a
better offer and on better terms or vice verse.
We also have Clients looking for PROJECT FUNDING.
Regarding Bank Swift messages like MT799, MT999, and MT199, YES, it is not easy to explain quickly, clearly and why use one type or the other.
AND SO, here is an explanation of these Swift message types in more detail.
In order to know what an MT999 is; one must be familiar with an MT799.
For beginners, both are classified by SWIFT as “free format message” , the difference is that for an MT799, banks must exchange a so called BKE authenticator… which means a test key is automatically coded into the sent message, and decoded at the receiving end.
An MT999 is the same as MT799, just without this test code. therefore its considered unauthenticated, and MT999 messages have no value whatsoever, unless confirmed via a separate test key.
SWIFT MT 799
The MT-799 is a free format SWIFT message type in which a banking institution confirms that funds are in place to cover a potential trade.
This can, on occasion, be used as an irrevocable undertaking, depending on the language used in the MT-799, but is not a promise to pay or any form of bank guarantee in its standard format.The function of the MT-799 is simply to assure the seller that the buyer does have the necessary funds to complete the trade.
What does the SWIFT MT-799 option provide?
An account with the SWIFT MT-799 capability allows bank-to-bank SWIFT electronic verification for Proof of Funds in compliance with the SWIFT Category 7 “Treasury Markets & Syndication” message types.
Often there is a misconception that a particular circumstance requires a SWIFT MT760message, when in fact, the SWIFT MT-799 format provides the required bank confirmation for the application. There is a $1 million minimum account size for a SWIFT MT-799, and additional costs apply.
The MT-799 is usually issued before a contract is signed and before a letter of credit or bank guarantee is issued. After the MT-799 has been received by the seller’s bank, it is then normally the responsibility of the seller’s bank to send a POP (proof of product) to the buyer’s bank, at which point the trade continues towards commencement.
The actual payment method commonly used is a documentary letter of credit or an MT-103 (wire transfer), which the seller presents to the issuing or confirming bank along with shipping documents. Once the bank confirms the documents, the seller is then paid.
An alternative method is to use a bank guarantee in place of a letter of credit. It is normally at the seller’s discretion which method of payment is used.
How Do I Issue An MT-799 Swift Message
The short answer is that you don’t. Approach your bank, and make an arrangement with them to have an MT-799 wired to the seller’s bank. Some banks are reluctant to issue MT-799’s, as these make them liable for the full cost of the trade, which can sometimes be in the millions.
A bank will normally not issue an MT-799 without some form of collateral to secure their own interests, so be prepared to put up a hefty amount of collateral.
What Does A MT-799 Look Like?
An MT-799 is an automated message sent electronically from one bank to another, so you won’t really ’see’ an MT-799 at all. The paperwork associated with an MT-799 will vary from bank to bank, though most banks follow a similar format.
What Information Do I Need To Send A MT-799?
You will need the following information to send an MT-799.
- Name of the advising bank.
- LC Number.
- LC Amount.
- Tenor of Draft.
- Latest shipment date.
- Person or entity liable for confirmation fee.
- Whether the LC is restricted for negotiation or not.
- • A description of the merchandise.
- • Port and/or country where product will be loaded.
- • Port and/or country where product will be unloaded.
What does the SWIFT MT-999 option provide?
In order to know what an MT999 is; one must be familiar with an MT799, both are classified by SWIFT as “free format message” ..
The difference is that for an MT799, banks must exchange a so called BKE authenticator…which means a test key is automatically coded into the sent message, and decoded at the receiving end.
An MT999 is the same, just without this test code. therefore it’s considered unauthenticated, and MT999 messages have no value whatsoever, unless confirmed via a separate test key.
What is Swift MT199 Message bank letter?
A Swift Message Type 199 Is A Interbank Message Used Between Two Banks To Transmit The Value Of A Bond Or An Skr Or A Free Format Message Engaging 2 Banks Readyness To Move Forward With A Transaction. Usually A Private One.
A Mt199 Swift Message Is Easily Explained As A “Chat” Message.
Basically You Use This Format
- When A Transfer Order Has Been Sent And You Want To “Notify” The Beneficiary Bank In Order To Sort Out Something,
- Or To Find Out If Funds Have Been Applied,
- Or Basic Other Info.
For Example, A Mt199 Could Go;
We Refer To Our Mtxxx, Date Xxxxxx,
(Input Information Regarding The Orderer And Beneficiary. Amount, Dates, And So On)
And Then, Straight To The Point, You Just Simply Type The Text Of Your Question, Or Demand, Or Whatever, Like, “Our Customer Reports Funds
Have Not Been Applied Yet, Please Confirm Transfer Status”
Kind Regards, (Whoever)
The Other Bank Will Reply To You Using The Same Format (Most Likely), So Sooner Or Later, You Will Have An Incoming Mt199 From Them, Like;
We Refer To Your Mt199 Date Xxxxx And Our Mtxxx Date Xxxx Information, Codes, Etc…
“We Are Holding Funds, Request (Whatever Additional Information) In Order To Apply Funds To Beneficiary Minus Our Charges.
Please Confirm Iban Number (For Example).”
So Basically, A Mt199 Is One Banker Or Security Officer “Talking” To Another.
I hope this explains more clearly in a way you can understand.
None of the customary standards and practices that apply to normal, conventional business, investing and finance applies to private funding programs.
It is a “privilege” to be invited to participate in a Private Placement Transaction Program, not a “right.”
The trading administrators and managers have a virtually endless supply of financially qualified applicants. All things considered, the trading administrators and their banks will favor the applicant who provides the best paperwork. An applicant should never underestimate what the trading entities knowledge about him. Failure to provide full disclosure will disqualify the disingenuous.
Clients must first prove that they are qualified, not the other way around. Until the client is accepted by Compliance, the Traders, and Trading Banks, no placement can occur. The U.S. Patriot Act has introduced obligatory compliance procedures.
Face‐to‐face interviews with compliance officers and program management are occasionally required, but generally not necessary. Any arrogant or demanding personality will guaranteed to be rejected. Only the principal owner of funds is required as signatory. Corporations must empower an Officer or Director as sole, exclusive signatory by using a Corporate Resolution. Not only do the funds have to be on deposit in an acceptable bank; they must also be in an acceptable jurisdiction.
It is felony fraud to submit documents or financial instruments that are forged, altered or counterfeit. Such documents are promptly referred to the appropriate law enforcement agencies for immediate criminal prosecution.
The practices, procedures and rules are determined by the U.S. Federal Regulatory Authorities, Western European Central Banks program management, licensed traders and trading banks. It is their decision whom to accept and whom to reject.
Contract terms, yield, schedules, etc., are made to fit their needs and schedules – and not the caprices or demands of the investors. This marketplace is highly regulated and strictly confidential, and absolute confidentiality by the investor is a key element of every contract. A client who breaks confidentiality will precipitate instant cancellation.
Finally, submission of the application documents to more than one management group at a time is termed “shopping”. If an investor “shops” he can expect that this fact shall be quickly disseminated and known among the program management groups who maintain close communication – and will then be accepted by none and rejected by all.
This is a process which is critical to understand, but the problem is 99.9% of those in the private placement market have never closed a deal. Unfortunately, this had lead to a market flooded with inexperience and misrepresentation. Think about it, how can you accurately explain the process of a private placement transaction if you have never closed one? Simple answer, you can’t!
In this article, we will overview the typical process to complete a private placement transaction, and most importantly, we will supply common obstacles that you may face along the way.
10 Steps to Private Placement Success
(1) The client provides a proof of funds and passport copy along with their compliance package
NOTE: Most of the assets that people try to apply with CAN’T be used for any REAL private placement program. These include ITR’s (Irrevocable Trust Receipt), SKR’s (Safe Keeping Receipt), T Strips (Treasury Strips), junk bonds, asset backed bonds, hard assets, real estate, and more. As you can expect, most of the applications at this stage are unacceptable, and fraudulent.
(2) Trade group submits application to the compliance department for review
NOTE: Within hours, most real traders will know if the asset and owner are legitimate. Also at this time, the criminal background and origin of the funds are explored to ensure they are dealing with a clean applicant. In addition, if the client has over 100M, real trade groups typically either know of the applicant, or have seen the person try to apply before. There is a very small circle of real traders, so when someone applies with large assets, the word gets around rather fast.
(3) Client passes “due diligence”, speaks with the trader, and receives the contract
NOTE: Most clients have NEVER been involved with a legitimate private placement before. With that being said, many will show the contract to their attorneys, who have never been through this as well, and they may advise against proceeding due to a lack of familiarity. Needless to say, this can kill the deal, or may make the PPP investor feel uncomfortable. The problem you will run into over and over at this stage is transparency, and gaining trust from the client. due to the private nature of the private placement business, there is only so much information the trader can reveal, and this is a common obstacle.
(4) Client signs the contract, and then the trader countersigns it to make it official
NOTE: Once the client signs the contract, there are still a number of potential obstacles before you can “close the deal”. If a client signs the contract and does not complete the transaction, they may be reported to the authorities, and by doing so, they will be permanently prevented from participating in any private placement program in the future. As we said before, there is a small circle of real traders, and if they label a potential client as a non-performer, it is rare that any other REAL trader will spend their time to work with them.
(5) Client contacts their bank to complete the private placement transaction
NOTE: Banks are in the business of making money, and customer requests are secondary to the profit of the bank. When a client asks to block, conditionally assign, or transfer their funds, they are cutting into the pockets of the bank, which we know they don’t stand for. If the bank loses that asset off their books, they actually lose over 25x that amount in potential loans from their country’s central bank (FED/ECB). With this in mind, most banks stall with excuses, since that will frustrate most customers enough to kill the transaction. Even though this may be an obstacle, this should never be a deal killer since it is the client’s money, not the banks. To complete a deal, you either need a bull personality or a great relationship with the bank, otherwise you may encounter problems with the final steps.
(6) Client’s funds are blocked, conditionally assigned, or transferred to the trade group in accordance with the contract
NOTE: Very few trade groups request that the client transfers ownership of their assets. If they do request this, be very cautious, and expect something is not as it seems. Most private placement traders ONLY need a conditional assignment of assets, temporary beneficiary access, or the blocking of the assets in their favor for the period of the trade. This allows them to access a line of credit which they trade for the client, specific to their contract agreement. Also, so you know, PING programs are 99.9% fake, since they do not allow the trader to access the line of credit they need to start trading. No bank will loan without collateral, and since “PINGING” the account is not sufficient assurance to the bank that is has collateral in place, it never works. It is just another ignorant broker creation and is most often part of a “bait and switch” strategy.
(7) Trader accesses the line of credit from the trading bank
NOTE: The trader is the only one who can access a line of credit against blocked assets. No one who is trying to complete a scam will ever be able to draw a huge line of credit on blocked assets. The bank completes thorough due diligence on anyone it loans to, and when that loan involves millions of dollars, it is far more diligent. In short, no bank will offer a line of credit for millions to someone who they don not thoroughly trust, so there is not a lot of worry about when blocking assets in someone’s favor.
(8) Trader uses line of credit to have discounted bank instruments issued from bank
NOTE: First, the issuing bank sells the instrument directly to the trader for a significant discount (ex. 60% of face value). After the trader buys the instrument, they then sell it to the “commitment holder/exit buyer” (ex. 66% of face), who then sells it to their “commitment holder” for a higher price (72% of face). This continues until someone purchases it with the intent to hold the note to collect the coupon/interest, and the difference between the discounted note and its value at maturity. This is the basic idea of how profit is generated in Private Placement Programs that use bank instruments.
(9) Client receives payment of profits weekly or according to the contract
NOTE: Once everything it set up with the banking, it is a very smooth process to get continual profits into your account. Typically the first payment is made within 10-15 banking days after trading has started so they can ramp up the account to purchase larger notes. After the first payment, the client will receive disbursements on a weekly basis, or whatever their contract specifies. Most clients and brokers would be best served in setting up international bank accounts, or better yet, they can have an account at the bank where the trading is occurring. This will prevent the need to send external wires through different countries and banking systems. All profits would be internally transferred “ledger to ledger”, and would not attract as much attention.
(10) Client uses profits to fund projects and retains the rest for personal use
NOTE: Most real private placement programs are intended to fund humanitarian projects in underdeveloped nations. Typically 60-70% of the program’s profits must go to projects, while the remaining 30-40% is for “administrative use”. In essence, the 30-40% can be used at the client’s discretion, but you must make sure you are funding projects as well. The platform does not regulate this, but the FEB oversees all of the companies who have applied and received money in these types of programs.
Once the client completes this 40 week trading process, they can re-enter, but they must have projects funnel the profits into. Most private placement contracts are for 2 years, and are renewed upon expiration if both parties choose.
In summary, if you understand what we have described above you will know how to proceed with a private placement transaction, and be aware of how to overcome obstacles before they present themselves. Though there are some programs which follow different steps, this is the basic template for all REAL private placement opportunities above 100M.
Private Placement Programs, Do they really Exist?
Before we get the answer, let’s define the term “private placement program“. Through there are a number of different types of investments that are referred to as ” private placement”, such as pre-IPO fundign, managed Forex, equity investing, or organized investment pools, we are referring to the process of trading discounted bank instruments (MTN’s, BG’s, SBLC’s ) to generate high profits. This niche that has flooded with potential clients lately, but the question is, are any of these client ever successful? read more …
The investor in a Private Placement Program is just a cog in the over-all picture among many others. So, who are the other players that are involved in a PPP? Well, they include the trading groups as traders/commitment holders, top world banks who issue bank instruments, intermediaries/brokers and of course, the exit-buyers such as pension-funds/insurance, etc., who get the advantage to benefit from this private placement program trading.
Normally, private placement programs are nothing more than a pre-arranged buy/sell transaction of discounted banking instruments using an arbitrage transaction.
As a direct consequence of the environment where this business has to take place, a Non Solicitation regulation has to be strictly followed by all of the involved parties.