Monthly Archives: February 2013

10 posts

Next steps after hiring Bank- steps to funding?

Step 1 – Bank begins advising the client on collecting all best and most relevant documents to compile the Banking Compliance package, and processes that package. Step 2 – Bank makes private arrangements with the source(s) of A-rated collateral instruments, as the basis for issuing a Collateral Commitment to be included […]

Type of contract provided by bank?

It is written by the “plain English” method, but is long only because it is a “framework” contract, designed to cover all versions of the services for various situations, to give flexibility as client needs or transactions tend to cross over mixing with other services, and to accommodate repeat business […]

How is collateral raised?

The bank purchases A-rated insurance instruments of guaranteed face value from brand-name banks who already own the assets. The bank has multiple cooperating other banks directly selling the assets, which are at a discount because they are like “annuities”. The banks have hundreds of billions of dollars in such assets at any given […]

Is fixed Bank Retainer fee refundable?

The retainer is strictly limited to real expense costs of making the project bankable, including giving it universal collateral. First, making the project bankable with acceptable collateral is 100% the client’s sole responsibility, and it is prohibited by banking and finance laws and regulations for any institution to pay those […]