Click Here for Main Forum Menu Current Events  
MAIN
MENU ARTICLE LIST POST REPLY EDIT PROFILE MEMBERS AREA REGISTER HELP
Please Visit Our Sponsor * Click Here!
Posted by Legal Counsel (Monday, December 24, 2007)
'LEGAL COUNSEL' / UNDERSTANDING PRIVATE PLACEMENT PROGRAMS (PROCEDURES)
Welcome back to our weekly series of practical, "hands-on" articles exploring subjects of interest to fellow BradyNet Users.

Our intention is to help Users better understand the meaning and significance of various financial terms, processes and transactions that appear with all-too-frequent regularity on the Forum Board.

Release 66: Understanding Private Placement Programs - Choosing the Right Procedures (The Winning Strategy)

Football pundits will tell you - and we are talking American football here - that a quarterback's greatest asset is not his passing arm or his speed or agility, but, rather, his ability to analyze the opposing team's defense and select the best play to facilitate the team's march downfield.

Similarly, a Trader's greatest asset is not his technical know-how with regard to securing credit facilities and arranging the actual buy-sell trading operation, but, rather, his ability to analyze the fact situation - the client's assets, the depository bank, the applicable legal jurisdiction, the trading platform requirements - and select the best procedure to facilitate the successful completion of the transaction.

And just like in football where quarterbacks rely on a comprehensive "play book" of plays, Traders too rely on a whole panoply of procedures at their disposal.

That being the case, we, perhaps, do the client a grave disservice - and "hamstring" the Trader unnecessarily - by trumpeting too loudly one procedure or another at the expense of all others.

Remember this: When it comes to choice of procedures, there is no one "right" approach - nor does "one size fit all". Each procedural format raises different considerations. What’s best for the client, therefore, will depend, ultimately, on the Trader's studied assessment of the nature of the proposed transaction and, of course, the client’s particular preferences.

And this determination...well, its probably best left to a sit-down meeting - and a frank and open discussion - between the client and the Trader.

Robert
lawscape@gmail.com

I work with a very senior, high-ranking and credentialed Trader in Europe who is one of the largest commitment holders in the world. The Trader was formerly in government service where he held a highly sensitive position in a prominent U.S. federal agency for a number of years. Our trading group has outstanding capabilities, with its own transacting facilities in most of the major banks.

We also have an established relationship with two major Providers who are able to supply medium term notes (MTN's) - fresh cut, slightly seasoned and seasoned. Both Providers are extremely reliable sources for bank instruments and have a wealth of experience; they conduct the business very professionally and are currently tranching for other clients.

We also offer business colleagues and friends a monthly "newsletter" setting out information and updates concerning our private placement opportunities and MTN purchase contracts. If you wish to receive our newsletter, just send us your email address and tell us a little about yourself - and we would be pleased to add you to our "mailing list".

Copyright 2007 All rights Reserved

Replies start here:
Newest messages appear on top.

06-29-08  FoxNews: Maybe we can petition the site for a moderator. Then we could clean up the board.

06-28-08  Buyer-principal: HERE IS THE WORLDS BEST HIGHEST YIELDS PAYOUTS ON TRADE PPP PROGRAMS THAT PERFORM DELIVER ! ALL PROGRAMS REQUIRE CIS, POF (CASH-BANK STATEMENT-UPDATED TODAYS DATED NO OLDER THAN 3 DAYS OR BANK INSTRUMENT UPDATED WITH OWNER CONTACT INFO) AND COPY OF PASSPORT ALL DOCUMENTS MUST BE UPDATED WITH TODAYS DATE. AFTER DD VERIFICATION INVESTOR GET CONTRACTS TO COUNTERSIGN TO CLOSE AND START TRADEING IN AROUND 72 HOURS. INQUIRE TO GET THE LATEST DIRECT TRADE PPP PLATFORM OFFERS TO

GETRESPONSE EMAIL AND ACCEPT OPTIN EMAIL NOW? AT : rb_world_enterprises@getresponse.com

OR CONTACT : ROBERT BILASKI AT:

EMAIL: rrb_enterprises2005@yahoo.com yahoo text messaging id: rrb_enterprises2005 Skype text messaging free telephone service id at: superman1158 Or call : 908-821-8639
15 S. Wood Ave., Linden, N.J., 07036 U.S.A.

Great effort gents!

Thank you for your time.


01-19-08  STBS: In fact BradyNet do not have an "active" Moderator and even don't show interest to clean up this board. They told me this several time with an e-mail.

Brady is becoming #1 for the Nigerian "Loan" Gangsters. But thank's to Robert's information and to all "serious" feedbacks we may save even "one" post and start a good and professional Discussion.


01-19-08  Big Investor: Its a crying shame. What used to be a good site with people like Legal Counsel contributing ideas is now overrun with these loan ads.

01-18-08  FoxNews: As far as I can tell, they have never had a moderator for this site

01-16-08  MaxPlayer: What moderator?

01-16-08  TradeWise: Its up to moderator to police site - and they don't do much on this site Thanks for this Legal Counsel

01-14-08  Titantic: Wish we could get rid of all these loan organizations - how do they post so many emessages at once.

01-13-08  Star Seeker: IF YOU WANT BG'S EMAIL ME AT starseeker678@yahoo.com

01-12-08  Tony Blair: Where do all these loan applications come from?

01-11-08  Tony Blair: TruthTeller: Thanks for info.

01-10-08  truth-teller: Tony Blair,

Did you read my answer before the Stupid Stinking Nigerian Scammers plastered the board with their shameless scams?


01-09-08  truth-teller: Tony Blair,

As you may already know, SBLCs and BGs are all different forms/versions of Letters of Credit (L/Cs)

L/Cs are generally and "technically" considered non-negotiable bank debt instruments, even though there may and have been exceptional derivatives. That said, generally L/Cs are issued for a specific purpose and bear the name of a specific person/company and the claim documented in the instrument can only be validated by this person/company or by his/its legal successor. Such paper may and can be transferred in accordance with the laws of obligations of the concerned jurisdiction, and this transfer is possible by means of mutual consent and assignment of the documented right. Ownership of the certificate is only assigned to the respective holder of the right.

One important thing to remember is that the paying bank can only be called upon to do so only within the time window parameters and conditions as set forth at the issuance of the L/C. Legally, this is why it is "technically" non-negotiable.


01-08-08  Tony Blair: Hey Truth Teller!

Why a non-negotiable bank debt instrument - wouldn't it be a negotiable bank debt instrument


01-06-08  Tony Blair: Hey Truth Teller!

Why a non-negotiable bank debt instrument - wouldn't it be a negotiable bank debt instrument


01-05-08  Tony Blair: Hey Truth Teller!

Why a non-negotiable bank debt instrument - wouldn't it be a negotiable bank debt instrument


01-03-08  truth-teller: As Legal Counsel has well stated previously, "a SWIFT MT 760 is a bank-responsible guarantee issued by a sender bank, upon instructions of its account holder, in favour of a particular transaction or party. The sender bank holds the client's funds under blocking as collateral for the SWIFT."

I just need to add that the client may have other assets besides cash blocked by the sending bank as collateral. It all depends on the bank and client relationship and what is acceptable to that relationship. The MT 760 is properly described as a non-negotiable bank debt instrument. In fact, most BGs and SBLCs these days are sent as MT 760 electronically.


01-03-08  Main Street: Can someone explain what is meant by mt760?

01-02-08  Titantic: Happy New Year too. Most important consideration that funds be secure - and not subject to being confiscated.

12-31-07  Mass Transit: hny 2008!

12-30-07  miami sound: Happy New Year too

12-29-07  miami sound: More important is how experienced is Trader. Everyone says they trader - can't always believ them

12-27-07  Mass Transit: Problem is how do you distinguihs one program from annother. You look at the proceedures. And investor want to know first what they are

12-26-07  Snoop Doggy: MC to everyone too.

12-25-07  FoxNews: Merry Christmas, Robert...keep up the good work

Click here to post a reply.


Please Visit Our Sponsor * Click Here!

Please read our disclaimer.

Home Page | BradyNet Pro | Search | CyberExchange
Forfaiting | Closing Prices | Live Prices | New Issues | Ratings
BradyNet Tour | BradyNet FORUMs | BradyNet Email Directory | Index (Site Map)
Analysis & Research | BradyNet Center | News | Jobs

General Correspondence: bradynet@bradynet.com    Questions/Problems? support@bradynet.com
Mail this page to a friend

This site copyright © 1995-2000 BradyNet.com