mukundhan001
New Member
Current Programs: (100M- 5B+)
All trade programs in 2014 have include both day trades (3-21 days) followed by 40 weeks+. The client will be given a menu of options from the trader after their file has been excepted for trade.
Timelines and Steps (Sample):
1. Submission: Fresh and complete Submission or KYC with wet ink signatures and Current POF (Online account statement or tearsheet)
2. Due Diligence: (Generally within 2 banking days)
3. Successful DD and file accepted for Trade
4. Trade Terms verbalized: (Generally within 2-3 days of acceptance)
5. Trade Registered
6. Contract delivered and signed
6. Trade begins (Generally Monday or Tuesday)
Blocked Funds: The Blocked funds/Ad Hold language is very similar to an MT 760, but done from behind the scenes and without a SWIFT (Sample below):
TRANSACTION CODE : TRANSACTION NUMBER :
WE, [INSERT NAME & LOCATION OF SENDING BANK] ON BEHALF OF OUR CLIENT [INSERT NAME OF ACCOUNT HOLDER/SIGNATORY], HEREBY PRESENT OUR CONFIRMATION OF FUNDS IN THE AMOUNT OF [INSERT WRITTEN AMOUNT]UNITED STATES DOLLARS (USD $XXX,XXX,000.00) IN ACCOUNT NUMBER [XXXXXXXX] AS OF THE DATE OF THIS TRANSMISSION.
BY VIRTUE OF THIS INSTRUMENT WE [INSERT NAME & LOCATION OF SENDING BANK] CONFIRM WE HAVE PLACED SAID FUNDS ON ADMINISTRATIVE HOLD FOR A PERIOD OF [INSERT WRITTEN NUMBER] (XX) [INSERT TIME PERIOD] IN FAVOR OF THE BENEFICIARY LISTED ABOVE
THIS INSTRUMENT IS IRREVOCABLE AND VALID FOR A PERIOD OF IE-(SIXTY (60) DAYS TO FORTY (40) WEEKS), AND THE FUNDS SHALL REMAIN UNENCUMBERED FROM ANY OTHER BENEFICIARIES.
WE, ---INSERT NAME & LOCATION OF SENDING BANK--- CONFIRM THE FUNDS IN OUR CUSTODY WILL NOT BE CHANGED, ALTERED, AMENDED OR PLEDGED FOR A PERIOD OF [INSERT WRITTEN NUMBER] (XX) [INSERT TIME PERIOD] FROM THE DATE OF THIS TRANSMISSION.
BANK OFFICER, TITLE: BANK OFFICER, TITLE: PIN: PIN
Further Clarifications:
1. Applicants real cash funds are blocked in their own bank account (Non-callable/non swift). The format of the 'blocked funds/Administrative hold" language is similar to an MT 760 but done from behind the scenes and not swifted out. (Sample attached)
2. Applicant must be true funds owner or titleholder of instruments (IE-BG's) (No 3rd party trading)
3. Trade contract will clearly state that:
the trader is responsible for repaying all credit lines and debts owed by the trade. The trades engage in pre-determined buy-sell transactions where the profit margins are agreed to. The medium term notes (MTN) trading paper is the first level of collateral. The trader also maintains ‘capital guarantees’ (insurance) to ensure that the applicant (Mr. Stein), banks, traders, etc., are not at risk.
Documents Required to engage:
1. Fresh KYC from Applicant (Corporate or individual) signed in wet ink (no cut and paste)
2. Fresh POF (Online account statement or tearsheet) 3 days old or less. If the asset is an Instrument (IE-BG) we will require a scanned copy of the BG and would prefer a copy of he electronic delivery (SWIFT) of BG.
Contact Via Skype: mintmukundhan
(*** Don't call for free services upfront + commission is there)
(***Investor Should not proceed their own rules, investor should follow my rules)
All trade programs in 2014 have include both day trades (3-21 days) followed by 40 weeks+. The client will be given a menu of options from the trader after their file has been excepted for trade.
Timelines and Steps (Sample):
1. Submission: Fresh and complete Submission or KYC with wet ink signatures and Current POF (Online account statement or tearsheet)
2. Due Diligence: (Generally within 2 banking days)
3. Successful DD and file accepted for Trade
4. Trade Terms verbalized: (Generally within 2-3 days of acceptance)
5. Trade Registered
6. Contract delivered and signed
6. Trade begins (Generally Monday or Tuesday)
Blocked Funds: The Blocked funds/Ad Hold language is very similar to an MT 760, but done from behind the scenes and without a SWIFT (Sample below):
TRANSACTION CODE : TRANSACTION NUMBER :
WE, [INSERT NAME & LOCATION OF SENDING BANK] ON BEHALF OF OUR CLIENT [INSERT NAME OF ACCOUNT HOLDER/SIGNATORY], HEREBY PRESENT OUR CONFIRMATION OF FUNDS IN THE AMOUNT OF [INSERT WRITTEN AMOUNT]UNITED STATES DOLLARS (USD $XXX,XXX,000.00) IN ACCOUNT NUMBER [XXXXXXXX] AS OF THE DATE OF THIS TRANSMISSION.
BY VIRTUE OF THIS INSTRUMENT WE [INSERT NAME & LOCATION OF SENDING BANK] CONFIRM WE HAVE PLACED SAID FUNDS ON ADMINISTRATIVE HOLD FOR A PERIOD OF [INSERT WRITTEN NUMBER] (XX) [INSERT TIME PERIOD] IN FAVOR OF THE BENEFICIARY LISTED ABOVE
THIS INSTRUMENT IS IRREVOCABLE AND VALID FOR A PERIOD OF IE-(SIXTY (60) DAYS TO FORTY (40) WEEKS), AND THE FUNDS SHALL REMAIN UNENCUMBERED FROM ANY OTHER BENEFICIARIES.
WE, ---INSERT NAME & LOCATION OF SENDING BANK--- CONFIRM THE FUNDS IN OUR CUSTODY WILL NOT BE CHANGED, ALTERED, AMENDED OR PLEDGED FOR A PERIOD OF [INSERT WRITTEN NUMBER] (XX) [INSERT TIME PERIOD] FROM THE DATE OF THIS TRANSMISSION.
BANK OFFICER, TITLE: BANK OFFICER, TITLE: PIN: PIN
Further Clarifications:
1. Applicants real cash funds are blocked in their own bank account (Non-callable/non swift). The format of the 'blocked funds/Administrative hold" language is similar to an MT 760 but done from behind the scenes and not swifted out. (Sample attached)
2. Applicant must be true funds owner or titleholder of instruments (IE-BG's) (No 3rd party trading)
3. Trade contract will clearly state that:
the trader is responsible for repaying all credit lines and debts owed by the trade. The trades engage in pre-determined buy-sell transactions where the profit margins are agreed to. The medium term notes (MTN) trading paper is the first level of collateral. The trader also maintains ‘capital guarantees’ (insurance) to ensure that the applicant (Mr. Stein), banks, traders, etc., are not at risk.
Documents Required to engage:
1. Fresh KYC from Applicant (Corporate or individual) signed in wet ink (no cut and paste)
2. Fresh POF (Online account statement or tearsheet) 3 days old or less. If the asset is an Instrument (IE-BG) we will require a scanned copy of the BG and would prefer a copy of he electronic delivery (SWIFT) of BG.
Contact Via Skype: mintmukundhan
(*** Don't call for free services upfront + commission is there)
(***Investor Should not proceed their own rules, investor should follow my rules)