Global Credit Line / Lease Instrument Program
General Information:
Qualified and selected developing countries, commercial project developers and non-profit entities in the domestic/overseas marketplaces currently have the opportunity to participate in Our Credit Line/Lease Instrument Program. Interested parties should acquaint and inform themselves with the following procedures, directives and requirements below. We are in business joint-venture partnership agreements with 5 paper cutting houses and 11 platform program entities, permitting the company to offer its clients a variety of available paper and platform programs (separately/combined) both in the domestic/overseas marketplaces. The program funds will become available within 45 Ourys.
The company is in a position to offer developing countries/non-profit entities/project developers, inexpensive access to non-recourse funds should they decide to cover, in advance, instrument expenses of euro 200,000 – 300,000 to be made payable directly to the instrument providers. These offers depend on the particular need of each governmental, non-profit and commercial client’s project funding requirement and financial capacity to cover the instrument’s advance expenses. The loan-to-value (LTV) of the offered paper is predicated on the top 20 world banks from which the paper originates and we have direct/indirect banking relationship with the top 10 world banks. In the domestic marketplace, We and our JV paper cutting houses and platform program partners have established bank accounts at Wells Fargo/Wachovia Bank for the convenience of facilitating inexpensive ledger-to-ledger funds/instrument transfer transaction in a timely manner for clients.
Lease Instrument Program Information:
The usual marketplace cost to lease instruments range between 10% - 15% of their face value, depending on the rating of the bank from which the instrument originates. Likewise, the LTV cash payment of the instrument is similarly predicated on the rating of the bank issuing the instrument; be it the top 10 world banks; or the 10 top that are below the top 10 world banks. Based on handling costs realities, the minimal costs of obtaining the lease instruments within Our JV group, range between euro 200K – 300K and noting that the LTV increases when instruments originate from the top 10 world banks. Therefore, instrument selection from any particular bank will depend on the program participant’s financial capacity to cover the instrument handling expenses to receive it in their credit line as seconOurry collateral.
Credit Line Lease Instrument Offered: Euro 100M – 500M from top 20 world banks
Advance Instrument Lease Cost: Not required. This 10% - 15% advance cost is waived and made payable at the backend
Advance Instrument Least Expenses: Required. The euro 200,000 – 300,000 covers paper-cutting, Swift, legal and bank fees
Available Program Funds Status: Interest-free/non-recourse. All such funds utilized for project developments shall be forgiven.
Advance Expense Payment Protection:
The paper cutting house, the platform program entities and we have bank accounts at Wells Fargo/Wachovia from where the bank paper will be deposited or cut and transferred to program participants’ credit line account at their domestic/overseas bank. We have prearranged for program participants to establish a bank-supervised escrow account at Wells Fargo/Wachovia to receive their euro 200,000 – 300,000 lease instrument expense funds to pay for receiving the agreed and contracted instrument which shall be placed in a platform program.
In this collective paper cutting house, platform program entity, We and our program participant’s banking arrangement, Wells Fargo/Wachovia shall undertake, under one roof, the fiduciary duties of protecting the escrow funds, transferring instruments to program participants banks, and making expense payments to the instrument providers. This arrangement permits timely execution and expediting of the agreed transaction and protecting the financial interests of all the parties concerned. In addition, this bank-centric comfort level facility is equally available to domestic and overseas program participants alike. Program participants need only to wire transfer their euro 200K – 300K into their own prearranged Wells Fargo/Wachovia escrow account in their name to be established at Wells Fargo/Wachovia Bank; and with instructions for release of the funds only on receipt of the lease instrument into their domestic/overseas credit line account.
