TBD bank assigned Attorney/ExecutiveLegal Counsel and Compliance OfficerLegal & Banking Compliance Department
Daily Archives: February 18, 2013
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 […]
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 […]
Yes. Telephone contact is generally “discouraged” (officially), because under banking regulations all “advisory support” must be issued in verifiable written form (i.e. email or letters). However, of course everybody understands the time-honored tradition of the “comfort call”.
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 […]
From the point of view of a lending bank, the only “terms” in the standard model services are simply the fact of providing A-rated tangible monetary assets of guaranteed face value to lenders. All lenders worldwide fund on those “terms”. The only thing different about the model of services is that the […]
The result of the model loan structure is “non-recourse” only because the bank (service provider) actually brings in third-party collateral and structures it into the funding package, covering 100% of the loan. To the lender, this is not “non-recourse” at all, it is full recourse, because the bank provider actually gives […]
The collateral is A-rated monetary assets of guaranteed payout value, in the form of insurance annuities, called “SLS policies”. These are universal assets, as they can be easily used by lenders in all countries, with no need for “attaching” collateral property through registrations outside of the lender’s country.
Europe is not one single entity. There are vast differences between countries. The current Euro Zone problems are precisely because of the fact that the countries have different economic and banking performance levels. The Netherlands, Sweden, Finland and Switzerland are still economically strong, and still have active bank lending programs. […]
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 […]