Complete Sale of Long Term Notes
(Letra do Tesouro Nacional / National Treasury Notes of Brazil)
Series M, R or Z that are on Euroclear.
This LTN Sale settlement process is fast, transparent and uses the Free Euroclear Delivery process so Clients DO NOT incur any SWIFTING FEES or Delays.
Euroclear is a well-established European financial transaction settlement network that was founded in 1968 by JP Morgan and continues to operate successfully employing over 3,500 people today.
This Sale process is ideal for clients looking to permanently sell their Brazilian LTN Bond or Note because the FREE Delivery method through Euroclear is the cleanest, fastest and cheapest way to do it!
- 35% to 55% Non Recourse
Estimated Completion Time:
- 7 to 14 Days after all documents are signed and verified or 3 days after Instrument Delivery.
- The Buyer logs onto Euroclear system and confirms that the person who has presented their passport is truly the owner.
- Thereafter the buyer sends a pay order to the desk at the bank that placed the LTNs onto Euroclear and they accept and respond.
- The buyer contacts the seller and issues a contract for closing. Upon receiving the fully executed document back the Buyer instigates the sale.
- The codes on the Current Dated pages then allow the buyer to load the funds into the Euroclear system and block the LTN’s in favour of the sale. The Seller has the option of having the funds wire transferred to their desired location.
- The sales transaction takes 3 to 4 days from beginning to end.
- Once the funds are released to the seller the title is then transferred to the new owner’s name.
- The LTN is listed on Euroclear with a Value of Maturity: $80,000,000,000 Real (Brazils Currency)
- The LTN is Monetized Non-Recourse at 50% LTV being: $40,000,000,000 Real (Brazils Currency)
- The Client is paid the USD equivalent of $40,000,000,000 Real (Brazils Currency)
Critical Compliance Criteria:
We require clients meet key standards and pass compliance in order for us to consider working with them. We do not accept all clients because doing business with Economic Consultants is a unique Privilege given solely to real, genuine, authentic clients, not a Right that is attainable by all.
We solely deal with real deals, real people and real LTN’s that need real sales. Euroclear is the Gold Standard that validates that your LTN is real and it provides a respected industry platform where free settlement can be facilitated. Your LTN MUST be on Euroclear, if it’s not on Euroclear we cannot accept your deal.
EC requires clients meet key standards and pass compliance for us to consider working with them. We do not accept all clients because doing business with EC is a unique Privilege given solely to real, genuine, authentic clients, not a Right that is attainable by all.
In order for you to get started please download the EC CIS for Monetising Bank Instruments and Fixed Assets, complete and send to firstname.lastname@example.org.
We will follow up sending you our EC NSNC NDA.
With that in place we have done our KYC and we will send you our Service Agreement for Monetizing Bank Instruments.
By then we have a Pre-approval for your request in place and we will send you the final application for you to sign and return to us.
Then we will get you the LOI/MOU. The entire process should take between five to ten days after the first payment is made.
NB! Changes may occur without warning!