THIS IS REAL BUSINESS ,,,DAVID JOHNSON ,,BANKING !! (1833 hits)
LinkedIn Victor Brown has sent you a message. Date: 7/07/2012 Subject: 83 + 2 MTN DEUTSHE BANK Cusip, isin and title page from paper that is currently tranching will be provided as proof Hi David,
I have an offer on seasoned, cash-backed MTNs that are trading right now. Issuer is Deutsche Bank, and price is 83 + 2.
Please review the procedures and advise further if your Buyer is interested:
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PROCEDURE:
A) After a rep to rep call, the seller will speak with the buyer before any paperwork is submitted.
B) The seller is the titleholder. The goal is to get the buyer and seller engaged.
C)The buyer will have to be qualified to enter into the MTN program. Basically, it is your standard compliance in multiple steps.
D) The seller will prove to the buyer that he has MTNs that are currently tranching now.
Here is a very brief overview:
1. Rep to rep call to explain the program for purchasing the MTNs. The current offer is for an exit buyer at 83 + 2.
The Seller rep will give the contact information for the seller and the buyer rep will provide the contact information for the buyer.
2. The buyer and seller will have a conversation on how they wish to transact. The seller will provide additional documentation to the buyer prior to the call.
3. The buyer will be qualified as an exit or end buyer. At this point, no financial information on the buyer is provided.
4. Cusip, isin and title page from paper that is currently tranching will be provided as proof that the seller has what he says he has.
5. The buyer will present financials for verification.
6. Draft contract is issued.
7. Transaction can be bank to bank, desk to desk , or as discussed.
This is to clarify to the buyer that the Program Manager identified in the offer is also the seller/title holder.
He will send ALL documentation direct, and only to the buyer.
Once completed, the buyer has the option to return the Compliance Package to the seller/title holder (Program Manager) or directly to the transacting bank.
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