FUNDING
PROGRAM USING ASSETS LODGED
IN THE INVESTORS BANK
These steps provided are basic to using any assets for bank investment
programs. They will vary in different programs, however, most programs will accept assets
in the investors bank trust department. Preliminary steps that are the responsibility of
the investor to enter into a bank investment program:
- Investor takes his asset to his bank along with the documents that are needed by the
program to be issued by the bank. (Note: the bank; to be used has to be pre-approved by
the Insurance Company (some programs do not provide insurance). If the asset is a Credit
Instrument from a country or bank, it is best to lodge the instrument in one of their
corespondent banks. (Top 25 USA, Canadian, Mexican banks, or top 500 world banks should be
used or banks having correspondent with major world bank.)
- Investor explains to his banker (in the trust department) that he needs to have his
asset lodged into a "Trust" or "escrow" account and have the approved
letter sent acknowledging that the account has a credit value (the value of the asset)
established for the account. (The value of assets to be determined by current appraisal
(Assay) recognized by the bank)
- Once the bank understands the process and is willing move ahead, the Investor has the
bank issue the short letter acknowledging that they are ready to move forward with the
transaction.
- The other documents for the Investor information and project summary need to be
completed at this point and ready to submit with the Letter of intent.
- The bank issues their letter to the Investor acknowledging in particular the value and
exhibits A-l and A-2. The investor issues his Letter of Intent (form provided) and submits
it with the appropriate documentation to World Investment Network, Ltd.
- At this point, the Investor has read and understood all the documents and procedures.
The bank has acknowledge their willingness to accept the asset in trust for one year
according to the trust document and issue the two exhibits, A-l (Exhibit10) and A-2
(Exhibit11). The Investor is now ready to approach the Trading Program Manager and the
Insurance Company to have their contracts issued and to formally start the process. If the
investor has everything ready, then it should only take two to three weeks to complete the
documents. When the A-l is issued, the first Moines will be generated within l0 days.
- The asset being used is a credit instrument, it is always better to have it lodged in
the investors issuers bank or correspondent bank in order to make the verification easier,
as well as, to allow the bank to give the instrument it's highest value. The purpose of
this is to put the burden of the establishment of the value on an institution which has a
relationship with the Investor or the credit instrument which they are holding for the
investor.
- The insurance company and the bank involved in the investment program do not want the
responsibility for being the custodians of the asset nor to establish value. With their
pre-approved bank in place, the Program manager does not really want to know what the
asset is, but that it exists, has value and is being held by a qualified institution. The
documentation, as listed on page one, would be placed in the investors bank trust during
the period of the program.
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