![]() Bank instruments, such as cash and MT-760s.Ĭommitment Holder: An individual/institution who is contractually obligated to purchase a bank instrument at an agreed upon value.Ĭompliance: The process of completing due diligence on a new investor. This is most commonly achieved via a Swift MT-760īroker Chain: Also known as a “daisy chain”, this frequently-used term describes the “layers” of brokers that one must go through before one reaches a trader.īullet Program: Phrase used by brokers that describes “short-term” private placement programs, promising high returns in less than 30 days.Ĭash Backed: Assets which are backed by cash, the most common type of backing.Ĭollateral: An asset guaranteeing the line of credit the bank gives, which can be seized upon default from the loan terms. For example, a contract may say “profits will be achieved on a best efforts basis”.īlocked Funds: A phrase which refers to blocking liquid assets in favor of another person. It refers to the investor’s bank reserving funds in favor of another individual, without actually encumbering or moving the assets.Īsset Backed: A note or bank instrument which is collateralized by hard assets, not liquid assets such as gold, arts, diamonds, or other rare valuables.Īssignment: Transferring ownership, or rights to use the collateral, to another individual for a specific period of time.īank Instrument: A debt instrument issued by banks to access immediate liquidity, providing an annual interest and face value for the purchaser such as BGs and MTNs.īeneficiary: The individual listed as the owner of a debt instrument, such as a medium term notes (MTNs) or bank guarantees (BGs).īest Efforts: This term (contract with trader) states that the trader, or investment manager, will use their best efforts to achieve high profits. ![]() More than twenty years of experience in private and public financial transactions makes the group a good partner for investors, institutions and banks.Īdministrative Hold: A term usually used by brokers. ![]() As an experienced team of economists, lawyers and bankers specialized in the financial sector, De Micco & Friends is one of a small number of law firms which provide qualified assistance and consulting in Private Placement Programs (PPP). ![]()
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