Funds & Funding for Transactions

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Terms & Conditions

Parties agree to provide certain proof at certain time(s).

Your review is requested; your comments are welcome.

About Funds and/or Funding Services for your Transactions —

Service Seller to provide an Institution Proof of Funds in the form of an ‘e-statement/equal’ document in the cash amount of $1-Million to $100+Million USDollars; and/or

Service Seller to provide Proof of Funding to Service Buyer — committing to Funding your certain Transaction within the 28-day Service Period, the USDollar loan amount in exchange for a certain negotiable NOTE:

Under Conditions — that verification of your Proof of Exit confirms that clearing of the DTC NOTE is supported by a certain Institution certain depository acceptable exit-instruments confirming an absolute obligation to pay the face amount-principal at maturity, plus pay Interest at 12% annual rate in arrears/in advance at clearing settlement.

Under Terms — to pay per below:

Deposit to Escrow effective with escrow

·       Full Service Fee - means your proof of Exit is exchanged in response to our proof of Funds & Funding.

·       Limited Service Fee - means the proof of Funds is exchanged after verification your proof of Exit is effective with our proof of Funding.

Pay at settlement effective with clearing

·       Exchange Profit = to pay for each settlement/activity, 1% of Funds or Instrument face amount ($100-Thousand minimum at 1st exchange then no minimum).

·     Interest = pay any due per conditions.

About Clearing — 

Service Parties to provide their Institutions for clearing of the funds, instruments, and settlement disbursements. 

About Support Services — if requested

Service Seller may agree to provide certain support services with our private Experts and Institutions as requested for your Transaction and to facilitate Service Closing: DTC securitise loan instruments, create certain Instruments, SWIFT messages, managed sub-accounts, currency conversion, compliance documents, etc.

Under Conditions — support services are only available for certain Funds-Funding services herein, after verification that your Proof of Exit is effective with the Proof of Funding.

Under Terms — for any Transaction Services

·       Transaction Fees — TBD non-accountable services and retainers in advance.

·       Transaction Costs — TBD accountable costs in advance when called. 

About Service Closing —

1st Proof of Closing Services —

Service Seller agrees to provide certain transaction closing services to create a Memorandum of Understanding (MoU) and certain Proof documents, to conduct verification of proof, to facilitate execution, to perform certain related back office administration, to receive any Fees & Costs, to pay our private guarantors for indemnification-reservation costs, and certain clearing services.

Under Conditions — after execution of MoU, Service Seller Attorney to exchange proof that Transaction Fees+Costs payments due in advance have been paid. 

Under Terms —

·       Transaction Fee = pay $10-Thousand non-accountable in-advance via Service Seller Attorney before Service Closing commences; and this payment is accepted under Service Seller instructions to refund if Service Seller default per Proof of Service Closing.

2nd Proof of Escrow Deposits —

Service Buyer to arrange Institution proof, or Service Seller to arrange at your choice: Swiss Trust with Institution support documents or USA institution

Under Conditions — Service Buyer and Service Seller to receive at exchange, an Institution ‘Proof of Escrow Deposits’ confirming Service Buyer payment of the Escrow Agent Fees and deposit of Service Fee Note and/or Cash; and the executed ‘Escrow Agreement’ undertaking to pay/refund Service Fee subsequent and effective with below 'Proof of Exchange and Proof of Service Closing’ events.

Under Terms — for any Transaction Services

·      Transaction Fees — TBD non-accountable services and retainers in advance. 

·      Transaction Costs — TBD accountable costs in advance.

3rd Proof of Exchange

Service Buyer, Service Seller, their Attorneys — to email exchange certain proof at certain times: 

·       Proof of Escrow Deposits; and Proof of Transaction Fees+Costs paid; then within 5-days

·       Proof of Service Commitment with any agreed attachments; then within 5-days

·       Proof of Exit — fully effective with the Proof of Funding; then within 5-days

4th Proof of Service Closing

Escrow Institution to issue proof of Service Fee disbursements effective with Clearing Institution statement of settlement; or Service Parties written instructions: 

Under Terms —

·       Pay Service Fee to Service Seller if Service Buyer/Parties default; or

·       Refund Service Fee to Service Buyer if Service Seller defaults and fails to cure within 7-days.