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Date Posted: 18:21:01 10/30/03 Thu
Author: Christopher S. Riley
Subject: I need a personal Loan: No Collateral
In reply to: International Commerce Facilitator 's message, "New Program to Guarantee Your Loans: No Collateral Necessary" on 16:51:43 08/03/03 Sun

>NEW PROGRAM TO GUARANTEE YOUR LOANS THAT DOES NOT
>REQUIRE BANK INSTRUMENTS OR OTHER TYPES OF COLLATERAL
>
> Minimum is 10M and maximum is 2B.
>_______________________________________________________
>_____
>
>The following is a statement from the Guarantee Bank:
>
>SECURITY OF LOANS PROGRAM
>
>We can offer a security that a loan will be repaid via
>an agreement between the funding/lending bank and our
>bank.
>
> Let me attempt to outline and explain what we do at
>present concerning security of loans. Under the
>assumption there is a bank prepared to provide a loan.
>
>
>1. The client has submitted its business plan to the
>bank for approval. The bank "likes" the business plan,
>but considers funding risky. Or maybe it is a start up
>company. The bank prefers to have some type of
>security that the loan funds will be repaid.
>
>
>
>2. We receive the same business plan and the name of
>the bank and banker.
>
>
>
>3. We contact the banker and offer that the loan funds
>will be secured for repayment via an agreement with
>another European bank (having a double A rating).
>
>
>
>4. Answer yes or no. If not, we simply leave. If yes,
>we make an official proposal.
>
>
>
>5. After the proposal has been accepted by YOUR
>lending bank, we arrange a telephone conference call
>between the lending bank, ourselves and our banker(s).
>
>
>
>6. Our bankers confirm their intent, readiness, etc.
>(on our behalf) to conduct the transaction as outlined
>by ourselves (see attached).
>
>
>The bank will be very clear that direct communication
>between both banks is permitted, however, that we make
>the final decision and have to sign off on all
>dcouments. Without our signature, nothing will happen.
>
>Let me outline a PRESENT transaction, which we conduct
>right now.
>
>
>Bank is prepared to give an entity US$400 million as a
>loan, however, seeks that above-outlined agreement.
>
>Here the bank itself opens the account at our bank,
>and we have the management on that account and funds.
>However, the principal amount is secured ("Pledged")
>to the lending bank.
>
>The lending bank and ourselves agree to "Permitted
>Investments", i.e. we are permitted to utilize these
>funds for investments in certain highly rated
>securities.
>
>This is done via another and separate account (in our
>name). However, also this account is "pledged" to the
>lending bank. Thus creating in fact a double security
>for the lending bank.
>
>They love it.
>
>We conduct the purchase and sale of certain
>securities. However, these securiteis are pre-sold
>prior to being bought. The profits are transferred to
>a third account.
>
>However, from this third account we have to finance
>the underlying project.
>
>The project needs to be approved by all parties, thus:
>lending bank, ourselves and our bank. Full and
>complete due diligence is required and demanded by our
>bank. That means, they don't accept just anybody. All
>has to and will be screened, etc. and full disclosure
>must be given to the bank and us. Otherwise our bank
>will not cooperate.
>
>How can we work together?
>
>We need a viable project with a business plan, whereby
>you have a funding source (Lending bank) that provides
>the funds.
>
>These funds are to be placed into an account in name
>of the bank providing the funds, whereby we would have
>the management of these funds (as outlined above).
>
>These funds shall be utilized for our “permitted
>investments”.
>Since we bring equal parties to the table, we share
>equally in the profits, unless we simply begin
>financing projects ourselves.
>
> An other way would be, to accept clients with
>projects and a lending bank and then follow the
>above-outlined structure. We always will be and remain
>in control. Both parties bring equal parties to the
>table, thus share equal.
>
>"Problems" usually occur,because one party does not
>want to disclose to the other party what their
>capabilities are and/or there is no trust.
>
>
>We offer the following:
>
>1. We will arrange a telephone conference call between
>you, ourselves and our banker in Switzerland. Our
>banker will confirm our capability as outlined herein.
>However, We will not release the contact numbers of
>our banker.(yet). We will utilize the general
>telephone number of the bank, so you really know that
>it is a real bank we are contacting.
>
>We wil explain to our banker the purpose of the
>telephone call, i.e. a possible business relationship
>between us, whereby we will provide the collateral for
>projects, etc. and seek our assistance to conduct them
>in accordance to the herein outlined procedure.
>
>2. You arrange same for us.
>
>3. Then we know and we work on a transaction together.
>
>Details can be agreed upon.
>
>A Project is no problem whatsoever. There are more
>than enough projects.
>
>The question is: What type of projects is the bank
>interested in to provide funding for? We will stay
>away from projects requiring billions of dollars,
>since they are often not real and realistic.
>
>Projects requiring $10 million up to $2 billion are
>usually real and realistic.
>
>Remains the question: What type of projects?
>
>Commercial: like hotels, resorts, infrastructure, etc.
>
>Humanitarian: Schools, hospitals, research, housing,
>etc.
>
>Government: usually the most difficult ones, thus not
>really interested. However, we could get a very
>interesting project with full support of the US
>Government and local Government. Project is in former
>Eastern Europe like Kosovo and surroundings.
>
>
>First and foremost, we have to establish the
>credibility of both parties. We have made a
>suggestion. That suggestion is the only way both
>parties can establish their creditbility.
>
>
>
>Secondly, we need to know exactly what type of
>projects can be financed, prior to any communication
>as proposed by us.
>
>
>
>The projects have to be agreeable to all parties
>involved.
>
>
>
>Agreements can be entered into AFTER both have
>established their credibility. No need to do a lot of
>work, if nothing will come from it.
>
>
>
>A formal outline of this program is available upon
>request.
>
>
>
>The contents of this Program description and Outline
>are for informational purposes only and are not be
>construed as an offer or solicitation.
>
>Funding terms and conditions may vary from time to
>time and may change without notice, and may not
>contain all of the applicable terms. Funding criteria
>may require periodic adjustments.
>
>Contact:
>Ken Heller
>International Commerce Facilitator
>Tel. (595) 981-960-456
>Fax (1) 240-536-3267
>e-mail: kenheller@fastmail.fm

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  • Re: New Program to Guarantee Your Loans: No Collateral Necessary -- Titus, 04:36:41 04/07/04 Wed
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