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Posted by Legal Counsel (Friday, July 04, 2008)
'LEGAL COUNSEL' // UNDERSTANDING PRIVATE PLACEMENT PROGRAMS (SWIFT MT 760) #2
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 74: Understanding Private Placement Programs - The SWIFT MT 760 (Part 2)

Just to recap our discussions in Part 1:

1) A SWIFT MT 760 is a bank-responsible guarantee of payment issued by the sender bank upon instructions of its account holder - in favour of a designated party.

3) The SWIFT is typically backed by cash funds/assets belonging to the client which are "blocked" by the bank and held by the bank as collateral.

4) Securing a credit line against a SWIFT MT 760 is not without its risks. Should the Trader/borrower default on the credit line, the bank would call in the client's cash funds/assets straight away - and the client would be powerless to prevent it.

5) The MT 760 has fallen into disfavour with many clients and Trade Groups alike. The reason: The unwillingness of banks to issue the SWIFT, the associated high bank charges, the constant delays, as well as issues regarding the safety of the client's funds.

Let's move on...

The SWIFT MT 760 comes in a variety of shapes and sizes, depending on the precise language employed by the sending bank as provided in the field specifications, particularly Field 77C. Clients requested to issue an MT 760 would be well-advised, therefore, to obtain the text of the field specifications so there can be no "surprises" later on.

And before committing to sending an MT 760, clients had best confirm that their bank will cooperate. A number of banks, as a matter of policy, will simply not issue the SWIFT, or they impose burdensome requirements on the client; this includes, certainly, banks in the United States. Banks in jurisdictions with currency restrictions, meanwhile, like India or mainland China, require strict Central Bank permissions before they can issue an MT 760.

Keep in mind, also, that bank charges for issuing a SWIFT MT 760 are not insubstantial. Costs can range anywhere from .05%-1.5% percent of the amount of the SWIFT - depending on the sender bank, the size of the proposed guarantee and the client's relationship with the bank.

In Part 3, we will examine various safeguards the client can employ to secure his funds when utilizing an MT 760...

Robert
lawscape@gmail.com

I work with a senior, high-ranking and credentialed Trader in Europe. 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.

We have also pioneered an innovative, "client-friendly" Managed "Buy-Sell" Program. The process is simple and straightforward: Clients needn't transfer their funds. The client's funds are never touched (funds verification only). No SWIFT MT 760's or MT 103's. No joint ventures. No asset management contracts. No powers of attorney. No joint-signature accounts. No 50-50 profit sharing agreements. No surprises.

We also offer business colleagues and friends a monthly "newsletter" setting out information and updates concerning our private placement opportunities. 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 2008 All rights

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07-15-08  thatsagoodone: Michael Cunt: I guess you did not complete your deals and did not retire like you claim you will. What major securities dealer will deal with you when you are not licenced yourself. Thats like dealing with a crook.

Why don't you tell us your web site and the "idiots" on this forum will give it the once over and find out your past dealings. Maybe we will find a crimminal past or fraud?

Whats with the capitals and all the semi colons in your sentences?

"INTRODUCTORY AGENT" means a nobody broker having nothing, knowing shit and trying to scam.

"HOLY GRAIL" means .... why would you even put this in and especially on ALIBABA? Just proves you are a crook. We already proved you are a LIAR. Scream and kick all you want, you are still a liar and a bad one at that


07-15-08  IBCUSA: efund1, sorry for not responding to your question. The other poster took some cheap shots at me and since my time is limited, I focused on his remarks.

efund1, we do have a website. But, as you are surely aware, there are tons of goof balls visiting this forum that no one would want to touch. I am sure you know what I mean. We release our information to those who show merit and are qualified to be in direct contact with our team. Nothing personal. I receive, at least, 20 to 30 emails, on a daily basis, from people wishing to "learn about us and send us their junk offers". If you have an account with one of the major U.S. securities firms, you may ask them if they heard about me (Michael Hunt) or my team (Initials are IBC USA LLC). I prefer they are the ones to tell you about us, then for me to post it here and from then on, start to receive junk offers at our official email addresses.

No one is forced to deal with me and my group, based on the conditions I have placed on this forum.

Michael Hunt


07-15-08  IBCUSA: thatsagoodone: LOL !! You sure are a funny demented low self-esteem idiot. However, thank you for a good laugh. Now, turn your computer off and try to do something constructive! I am sure your poor wife is wondering where the next meal is coming from. You sure have shown us how dumb one can be. If I had a trophy, I would give it to you. "that's a good one indeed" !!

07-15-08  thatsagoodone: "Diversification" ... means you know shit about shit and did not complete a deal and had to move on to other scams. If you are" NOT A LICENSED SECURITIES : TRADER OR BROKER "... then you did not even bother to take the securities course to get a licence. Barriers to entry are pretty low for your so-called profession....meaning you got your education on Bradynet Forum. What good are you other than a scammer? Another dumbass on this forum claiming to be all pro at what he does and everybody else is an idiot, right?

07-15-08  efund1: Why can't you answer MY post? I didn't bash you. I just asked for you to BACK UP what you made a point of.

I deserve an honest reply.

You've totally ignored me and only answered the bashers.

Have the bashers hit a nerve?


07-15-08  IBCUSA: thatsagoodone / aka Rick C.

Are you familiar with the term "Diversification" ? If not, look it up. Obviously you have never owned a business in your life and if you did, most likely, it failed ! Your ignorance shows.


07-15-08  thatsagoodone: More lies and scams from famous Michael Hunt... this is starting to be funny...

MY NAME IS MICHAEL HUNT AND I A BUSINESS : CONSULTANT AND NOT A LICENSED SECURITIES : TRADER OR BROKER. I HAVE BEEN IN BUSINESS : FOR OVER 32 YEARS AND AFTER MANY DECADES OF : USELESS EFFORTS AND TIME WASTED, I FINALLY : FOUND THIS GROUP. I HAVE BEEN ACTING AS THE : "INTRODUCTORY AGENT" AND HAVE BEEN : DEALING WITH THEM FOR OVER 9 YEARS. I AM : ABOUT TO RETIRE IN 120 DAYS FROM NOW AND I : HAVE DECIDED TO HELP SOME OF YOU, THAT HAVE : BEEN LOOKING FOR THE "HOLY GRAIL" : FOR MANY UNSUCCESSFUL YEARS WITH NO PAY-DAY : AT THE END OF THE MONTH / YEAR. THIS IS THE : ONLY POST I WILL ENTER IN THIS FORUM AND IF : YOU ARE LUCKY TO FIND IT, THEN, IT IS A SIGN : FROM "ABOVE" THAT YOUR TIME HAS : COME TO COLLECT ON ALL YOUR EFFORTS AND : SLEEPLESS NIGHTS. PLEASE, DO NOT ENTER IN : CONTACT WITH ME IF YOU HAVE NOT QUALIFIED : YOUR INVESTOR AND OR YOU ARE NOT IN DIRECT : CONTACT WITH A QUALIFIED INVESTOR. I HAVE : WAY TOO MUCH EXPERIENCE NOW, AND I AM ABLE : TO SPOT THE TIME WASTERS BASED ON THEIR : INITIAL EMAIL REQUEST. SEND ME AN EMAIL IF : YOU ARE QUALIFIED AND YOU KNOW YOU HAVE A : QUALIFIED INVESTOR. SEND ME A BRIEF HISTORY : OF YOUR BUSINESS EXPERIENCE AND DETAILS : ABOUT YOUR CLIENT. I AM NOT HERE TO PLAY : GAMES.
: : MICHAEL HUNT
: IBC USA, LLC


07-15-08  thatsagoodone: Found this on ALIBABA about this company ( IBC USA LLC ) :

We are one of the largest financial institutions in United States and we can finance most private and corporate deals in the nation. If you reside outside United States and wish to hire our services for the following projects, we are here to be of service: Purchase real estate as your vacation home. Purchase a business in order to qualify for an Immigration Green Card, we can assist (We have Immigration Attorneys working with us) . If you wish to finance a project outside United States and you own a financial instrument, rated by Moody's and S & P (and it is on euroclear) , we can help. Any questions? Contact Mr. and present your case.

I guess lying is one of your specialities and after all, you are just a plain old broker just like the rest of us on this forum. Since you are one of the largest financial companies in the USA, can you at least come up with a crummy web site to show us little guys who you are? AOL account? How low can you go? at least get a GMAIL account. Thats more fashionable these days.


07-15-08  efund1: Mr. Hunt, wanting to get an understanding of who you are and what you claim, when clicking on your bio, it is a very impressive write-up, BUT when checking on the world wide web, other than other Brady references, nothing comes up under your company, nor you.

Can you assist in verifying "your credentials", since you make a rather definative point in checking your credentials.

I'm not interested in verifying your connections, as I am fully aware that this relationship will be verified on a 1 to 1 between qualified client/trader.


07-15-08  IBCUSA: Wayne Gretsky,the first thing one needs to do is check on the poster's credentials. Mine are available and presentable at this forum. Just click on my moniquer and you will see what we do for a living. Click on the other posters to see what they do (claim) for a living. Like someone said..."opinions are like butt-holes....everyone has one".

07-15-08  Wayne Gretsky: So now I am really confused! Will US banks issue it or not? I am getting contradictory information!

07-14-08  assetsmgr: MT 760 is a valid protocol used extensively by all top banks inclusive American either locally or off shore.

I must however stress that in America it is not in the form of a BG.


07-13-08  IBCUSA: Err.....

s/b MT 760


07-12-08  IBCUSA: No. They won't. No bank in the U.S. will send an M7 760 SWIFT.

07-12-08  Wayne Gretsky: Does anyone know if banks in the US will issue a MT 760? Talking about JPMorgn Chase and Citibank, in particular

07-11-08  IBCUSA: Wilshire Blvd: Obviously you have no class !

07-11-08  Wilshire Blvd.: Jeez, IBCUSLESS, let's not go all blubbery on me. How embarrassing! Grow a backbone, for god sake!

07-10-08  IBCUSA: As I take time to re-read WB's comments, it reminded me that most of the people visiting and reading this forum, come from various and different backgrounds. Some have forgotten what is the true nature of humanity and some have chosen to take the animalistic approach to life.

Perhaps is time to slow down and think about what George Carlin once said. [It has been edited to reflect my point]

Quote--

The paradox of our time in history is that we have taller buildings but shorter tempers, wider Freeways, but narrower viewpoints. We spend more, but have less, we buy more, but enjoy less. We have bigger houses and smaller families, more conveniences, but less time. We have more degrees but less sense, more knowledge, but less judgment, more experts, yet more problems, more medicine, but less wellness. We drink too much, smoke too much, spend too recklessly, laugh too little, drive too fast, get too angry, stay up too late, get up too tired, read too little, watch TV too much, and pray too seldom.

We have multiplied our possessions, but reduced our values. We talk too much, love too seldom, and hate too often.

We've learned how to make a living, but not a life. We've added years to life not life to years. We've been all the way to the moon and back, but have trouble crossing the street to meet a new neighbour. We conquered outer space but not inner space. We've done larger things, but not better things.

We've cleaned up the air, but polluted the soul. We've conquered the atom, but not our prejudice. We write more, but learn less. We plan more, but accomplish less. We've learned to rush, but not to wait. We build more computers to hold more information, to produce more copies than ever, but we communicate less and less.

These are the times of fast foods and slow digestion, big men and small character, steep profits and shallow relationships. These are the days of two incomes but more divorce, fancier houses, but broken homes.

These are days of quick trips, disposable diapers, throw-away morality, one night stands, overweight bodies, and pills that do everything from cheer, to quiet, to kill. It is a time when there is much in the showroom window and nothing in the stockroom. A time when technology can bring this post to you, and a time when you can choose either to share this insight, or to just ignore it...

Remember, spend some time with your loved ones, because they are not going to be around forever.

Remember, say a kind word to someone who looks up to you in awe, because that little person soon will grow up and leave your side.

Remember, to give a warm hug to the one next to you, because that is the only treasure you can give with your heart and it doesn't cost a cent.

Remember, to say, 'I love you' to your partner and your loved ones, but most of all mean it. A kiss and an embrace will mend hurt when it comes from deep inside of you.

Remember to hold hands and cherish the moment for someday that person will not be there again.

Give time to love, give time to speak! And give time to share the precious thoughts in your mind.

And always remember:

Life is not measured by the number of breaths we take, but by the moments that take our breath away.

------End of quote.


07-10-08  IBCUSA: Wilshire Alley Cat, I must'a hurt your feelings. And, no. I do not sell cars (new or used). Are you saying used car salespeople do not deserve to feed their families? Where were you when the good old creator started to give brains? Getting in line to get a big mouth instead?

07-10-08  efund1: :Wilshire Blvd, i have wired several million dollars from my JP Morgan accounts over to Deutsche. I have paid the wire fees all the time.

My reps have given me credit back, but it seems if you move the asset, you pay the fee.


07-10-08  Wilshire Blvd.: IBCUSA: I am not impressed at all with your answer. By the way, do you sell used cars? I didn't suggest that the BANK OR BROKERAGE pay the SWIFT fees for the MT 760 - not at all. What I said is, using your logic (which, admittedly, is in short supply), why can't the fabulously successful and wealthy TRADER pay the paltry SWIFT charges. Now you went and distorted my comments to suggest I was asking why the bank/brokerage doesn't pay the fees. Tsk. Tsk. Send a boy to do a man's job. My oh my, shame on you! Are you sure you don't sell used cars?

07-09-08  assetsmgr: IBCUSA:

He's smoking something that neither you nor me can have our hands on. Damn, it must be good!


07-07-08  IBCUSA: WilshireBlvd: What are you smoking? Go ahead and approach, let's say, Chase Securities, and tell them you are a zillionaire and wish to trade, but, you want them to pay for the cost of the SWIFT. Let's see how quickly they point you towards the front door and ask you to leave.

You remind me of the poor saps that want to buy a home, with lousy credit score and want the lender to pay for all the costs (appraisal, loan processing, escrow fees, insurance, etc.). Yah, sure, the bank will do that. Wait, there is more.

You remind me of the old saying: "Everybody wants to go to heaven, but, no one wants to die".

So, back to square one. Zillionares, without the funds to pay for a basic transaction. Strange. Isn't ?


07-07-08  Wilshire Blvd.: IBCUSA below - Seems to me, you can make the same arguments on the other side:

Isn't it funny that "traders" with zillions of dollars in their bank account, shy away from paying a miserable SWIFT fee? Makes you wonder. Huh?

If the so called "trader" cannot afford to pay the SWIFT fee, then, that means his "funds" have no value and the whole Program is false.

Real traders, once they review the POF and see the projections, have no problem incuring and paying for the SWIFT fee.

Something to think about, I suppose.


07-07-08  assetsmgr: IBCUSA:

The answer/s will be:-

1) It is a restricted fund,
2) It is already encumbered,
3) The signatory has no control on the fund, i.e. he/she is a dummy. 4) Lastly but not least, ...it is by arrangement.


07-07-08  assetsmgr: Shakey:

Trader pays NO COST whatsoever.

Exception is when he intend to relinquish his practice thru' the act of solicitation which is prohibited by a real trader


07-06-08  IBCUSA: Isn't funny that "investors" with zillions of dollars in their bank account, shy from paying a miserable SWIFT fee? Makes you wonder. Huh?

If the so called, "investor" cannot afford to pay the SWIFT fee, then, that means his "funds" have no value and the whole POF is false.

Real investors, once they review the ROI spreadsheet and see the projections, have no problem incuring and paying for the SWIFT fee.


07-06-08  Shakey: Can you have trader pay costs? Does that ever happen? I mean its trader who using funds for making credit lines.



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