Keterangan :

Whenever I have responded to lease programs or have had associates ask me if I can lend against a leased Bank Guarantee, or Standby Letter of Credit the answer is 100% of the times NO! and the reason why is because the person who is leasing the Banking Instrument for one is not the Beneficial Owner, Two, the instrument has to be retuned back to the owner at the end of the term of the loan, Three, usually the Banking Instrument is not backed by Cash but assets and Four, the leased Banking Instrument most of the time comes from an Asian Bank with dubious background such as issuing worthless paper that cannot be verified, or confirmed. This also goes for individuals who have tried to lease Banking Instruments to have them placed into a HIGH YIELD INVESTMENT PROGRAM. An enhancement bank instrument can be a very powerful, but it is not an negotiable instrument or to be considered a security used as collateral. It can be used for enhancement purposes only because it will assigned to you, but the ownership can not be transferred.
Our program is very unique and that is the client can purchase a banking instrument of their choice, have it issue via a financial institution of their choice, and is 100% cash back. Also the Banking Instrument can be verified either through Euroclear, DTC, or Bank to Bank, and when the Banking Instrument matures it can be cashed in at the counter of the issuing bank because the client is the Beneficial Owner and is 100% backed by cash.
Nuts and Bolts
The cost of any of the above reference banking instruments is Twenty PERCENT (20%) of the face issue amount. To initiate the process we will need a Letter of Request and Proof of Funds.
The funds will be placed in an account in a bank of the clients choosing however on deposits of under 10 Million the account would have to be opened with the Providers bank in Utah also the bank will need to be an international rated bank and the account will need to be in the name of Caribbean Commerce Financial Agency LLC. The funds that are placed in the account will not be moved until the respective banking instrument is ready to be issued. To guarantee that the funds will not be move there will be two authorized signatories for any transfer to take place. One signatory will be the name of Virgil G. Smock, President of Caribbean Commerce Financial Agency LLC and the other authorize signatory will be in anyone that the client designates. THERE IS NO UPFRONT FEE but client is responsible to cover the cost of issuing the Banking Instrument. If client comes to our Utah office there is no cost. If client wishes to have us come to their location located within the borders of the United States the cost is $750.00 with a minimum of 5 days. The international cost is 1,000.00 USD a day with a minimum of 5 days. Other cost to be paid by client are travel, lodging, legal, and any other reasonable expense. The client will need Social Security number or if a foreign national a ITIN number which is an Individual Tax Indentification Number. THE MINIMUM BANKING INSTRUMENT AVAILABLE IS 50,000,000.00 WITH A MINIMUM INITIAL DEPOSIT OF 10,000,000.00
The client can choose any of the banking instruments that the client prefers
Bank Guarantee, Standby Letters of Credit, Bank Draft, or Certificate of Deposit and can choose whichever financial institution that the client will prefer to have the banking instruments issued. When the instrument is issued the clients or whomever the client designates will be the beneficiary and the client can use the banking instrument any way that the client wishes. The client can use it as collateral for a loan, hold the instrument until it matures, or can have the instrument place into a Private Program. When the banking instrument matures the client can surrender the banking instrument at the counter of the issuing financial institution. The respective instrument does not need to be returned to Caribbean Commerce Financial Agency LLC and CCFL has not claimed to the banking instrument once it is issued.
The time needed to have the particular banking instrument issued that the client prefers is 30 - 45 days.
TWENTY INTO ONE HUNDRED
The main question that I get is how you turn 20% cash into 100% cash. This is a process that I learned in the early 80’s when I was selling hard money loans to investors in Los Angeles. I had an investor that was an elderly Jewish man who would purchase most of my paper. We became friends and I was an eager student of the business. One day my investor told me that if I could come up with $10,000.00 USD he would arrange for me to get a line of credit for $50,000.00. I was told that the $10,000.00 would need to be in a banking account for one month and then have a Certified Public Account certify a balance sheet and submit the balance sheet to a bank. The investor took me to his banker and presented my balance sheet to the banker. Upon reviewing the balance sheet and my company’s net asset value I received a line of credit for the $50,000.00. The amazing aspect of this transaction was that a balance sheet is not lien against for the line of credit was unsecured.
Many large companies use “off balance sheet financing� of a way to purchase equipment. I am using the same scenario that my investor showed me twenty five years ago just the numbers are a bit larger. That is why I need to have the account in Caribbean Commerce Financial Agency name to have the Banking Instrument issued because the funds need to be in an account in the name of Caribbean Commerce Financial Agency so that my CPA can have it reflected on my balance sheet. Although times have changed I can still get 5 dollars for every 1 dollar on reflected on my balance sheet and that is how I can turn TWENTY INTO ONE HUNDRED.
Your Banking Instrument
After the line of credit is funded the client and I now get together for our last meeting on this project. The client instructs me which bank the client wants to have the Banking Instrument issued through, and what type of Banking Instrument the client prefers either a Bank Guarantee for our European clients, Letter of Credit for US clients or a Certificate of Deposit. The funds from the line of credit are sent to the bank to have the Banking Instrument issued and to have the Initial Deposit released to my company or I can deduct with the clients permission to deduct from the line of credit the amount of the deposit.
The client now has a Banking Instrument that is 100% backed by cash, and the client is the Beneficial Owner and now can either discount the Banking Instrument, use the Banking Instrument as collateral/security, or wait till the instrument matures and cash it in at the counter of the issuing bank.
Line of Credit
The Line of Credit that CCFA has taken out to provide the client with the cash to purchase the Banking Instrument is not connected in any way with the Banking Instrument. For instance, if my company CCFA defaults on the line of credit the financial institution that issued the line of credit cannot claim the Banking Instrument.
AGAIN, THE LINE OF CREDIT AND THE BANKING INSTRUMENT ARE NOT INTERCONNECTED IN ANY WAY SHAPE OR FORM.
I then use the funds from the initial deposit to invest in various programs and projects that I have to pay off the line of credit which my company CCFA and I are solely responsible.
To Recap:
1. The client will be the beneficial owner and can use the instrument for whatever purpose the client chooses.
2. The client can choose which financial institution to issue the banking instrument.
3. The client can choose which bank to place the funds to purchase the banking instruments.
4. The client can choose from the banking instruments to best serve their purpose, i.e. Bank Guarantee, Standby Letter of Credit, Bank Draft or Certificate of Deposit.
5. The banking instrument belongs to the client and is retained by the client.
6. The banking instrument is cashed back and can be redeemed at 100% of face issue amount at maturity.
7. Caribbean Commerce Financial Agency LLC does not retain any beneficial or equity interest in the banking instrument.
If you have any further questions we can be contacted either by phone, email, or fax.