IMPORTANT: The information provided below is not to be considered a solicitation of any kind in any way. This information is not applicable or available to any party coming in contact with this information (whether inadvertently or intentionally) who is not a sophisticated or accredited investor. By continuing to read the information below, you affirm that you are a financially sophisticated or accredited investor. Further information regarding this historical asset opportunity will be provided only in direct response to a request for that information from yourself or through your duly appointed liaison/representative.
Frequently Asked Questions
Historical Asset Purchase Opportunity
Revert to Description of Historical Asset Opportunity
Historical Asset Purchase Opportunity
Revert to Description of Historical Asset Opportunity
Is this historical asset purchase opportunity real and serious?
Yes. The attorney with whom we work directly is a principal in one of the largest, tier-1 trade groups in Europe. He is “real” and does not spend his time on matters that are not serious. We have received direct notice from this attorney that:
- Many German bond submissions have been received.
- Every “large” submission received in December has received a contract.
- Many of the December submissions have closed already.
- One of the earlier submission of 100 1924 bonds (which may no longer be considered “large” did close and (unofficially) the price offered and paid for those bonds was $100M per bond.
- Right now the foundations are focusing their priority on German bonds.
- After they have purchased a sufficient number of German bonds, the foundation buyers will focus next on Super Petchili bonds/boxes and then others.
Is this purchase opportunity associated with a redemption program?
No, the historical asset purchase opportunity is not part of any redemption program. The sale/purchase transaction will be between two private parties.
Who is the private buyer?
The buyer will one of several massive foundations who are being approved by their respective governments and by highest levels of world banking for a period of time to leverage historical assets. Major tier-1 trade groups are facilitating these purchase transactions on the front end, but the private buyers are the large foundations.
Why are these foundations acquiring historical assets / currencies at this time?
It is our understanding that these large foundations have received special approval to leverage historical assets so they can continue and expand their normal and beneficial foundation activities in this time of financial disruption due to the Covid-19 pandemic.
What is SRM's role and position within this purchase opportunity?
SRM has a working relationship with this purchase opportunity that is directly with an attorney/principal in one of the large European tier-1 trade groups that are facilitating the asset purchase activity for the buyers—massive, government-approved foundations. SRM's role is to evaluate potential asset submissions from sellers, make sure those submissions comply with buyer's requirements, and then to send them directly to the above-mentioned attorney/principal. Larger submissions of 3+ boxes or 1,000+ bonds should be sent directly here. Smaller packages should be sent here.
Is it possible for me to play a role in establishing transaction procedures?
No. Negotiation on the buyers' established procedures is not allowed. The foundations purchasing the assets have a set procedure and transactional process they must follow. The volume of submissions and the pace of buying do not allow for negotiating changes requested by an individual seller. If a seller thinks it is absolutely necessary to try to negotiate a change in transaction procedures, the earliest in the process that this could happen would be AFTER the buyer decides to issue a purchase contract to the seller and the buyer and seller are in direct contact.
What if I do not like the buyer’s procedures, offer price or contract terms?
If the buyer's procedures, offer price or contract terms are not acceptable, then you can decide to not participate in this opportunity and to wait until you find another sale opportunity more acceptable to you. However, if you want to take advantage of the rare opportunity available at this time to sell to a credible buyer who has been approved at the highest governmental levels and who has already begun paying reasonable and good prices for the assets, you will need to follow the buyer’s procedures to first find out if they will issue you a contract. Whatever you decide, we wish you the best.
Is it possible for me to deviate in any way from the buyers’ established purchase process?
Deviation is unacceptable. We have received many requests from potential sellers that they be exempted from the buyer’s requirement to submit a KYC and/or to proceed directly to a TTM where they would meet with buyers, negotiate, and provide documentation and bonds. The buyers have never once deviated from their established procedures, even for a seller who had thousands of boxes of an eligible asset. In that case, I wrote to the attorney/principal of the tier-1 trade group facilitating these asset purchases to ask for an exception for this box seller. Here is the response that I received back from the attorney.
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The KYC instructions must be followed to a “T.” SKR is not always needed if Seller has other forms of identification that can be verified. BUT Buyers will not issue any offers to anyone until they are given serial numbers to verify, POL, letters of attestation or other forms of proof of assets that are described in the KYC docs you were sent...so there would be no tabletop close, until these verifications occur FIRST...Buyers are NOT wasting time on potential frauds verifying anything after travelling to tabletop closes....closes happen only AFTER verifications. This is common sense.
To be clear...Buyers are not sitting down at any tables to have ‘discussions’ with any Seller about anything....Buyers won’t do anything at all until serial numbers or other identifying documents or information is provided that they can verify as authentic....otherwise how would they even know they are talking to someone real and not fraud? Other HUGE Sellers with valuable assets have presented KYC’s....so Buyers will not waste time with anyone who will not follow the rules laid out. Just assume in every case...that there are no ‘exceptions’ to anything....the rules are there for legal reasons...not just for fun.
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In summary, before the buyers decide to offer a contract, they first do due diligence on the seller and serial number validation on the assets the seller proposes to sell. If all goes well, then buyers have their attorneys issue a contract for the transaction. If seller signs the contract, then buyers schedule a TTM. Finally, buyers set aside the funds to complete the purchase at the TTM. We understand that an asset seller may be disappointed with this news, but there is nothing we can do to assist a seller in getting a purchase contract until the seller follows the buyer’s process by submitting a compliant KYC.
Can I go direct to a TTM and skip the KYC?
No. See the complete answer in the previous question.
Why is the KYC with included bond/box serial numbers so critical?
The KYC gives the buyers the information they need to approve the seller. The serial numbers enable the buyers to do some pre-approval of assets, to have their attorneys draft the purchase contract (for specified bond/box serial numbers), and to set aside the appropriate amount of funds for the closing event when a contract is signed.
Do I need to list serial numbers for all of my assets on my KYC?
No. You only need to list serial numbers for the actual assets you want to sell at the TTM. You should list a sufficient number of serial numbers to demonstrate to the buyers that your portfolio is large enough to entice them to issue you a contract and to schedule a TTM trip to where your bonds are located. You will not be allowed to sell more bonds at the TTM than the ones you specified by serial number in your KYC. After the TTM, you may be allowed to submit another KYC for additional bonds (of the same or different type) but, if this is allowed, then the buyers will have to go home and do their pre-evaluation work again, have their attorneys issue another contract, set aside new funds for a 2nd closing and re-schedule another TTM for you. Keep in mind that the buyers are focused on buying as much as they can in the most cost-efficient manner. Your primary focus should be on actually getting an opportunity to have a TTM—and that is influenced greatly by the size of your initial submission.
Can I use my own KYC?
Unfortunately, “No.” The only KYC that will be accepted is the KYC draft the buyers have specifically designated for submissions for this purchase opportunity. To receive the most current version of the only approved KYC for this historical asset purchase opportunity, send us an email.
Do I have to include serial numbers in my submission package?
Yes. Serial numbers of assets may be included in the KYC if seller prefers, but buyers have specified that those serial numbers must be included in a separate Excel Workbook file (.xlxs or .xls file format) that accompanies the KYC. (Excel PDF files are not acceptable.)
Is there a minimum number of bonds/boxes required?
The buyers are not requiring any particular "minimum" number of bonds--but some of the portfolios they have received number into the ten's and hundreds of thousands of bonds. Currently, they are contracting larger portfolios (because they are available) and the cost efficiency of buying larger portfolios is a business necessity when dealing with the huge volume in the limited time the buyers will be sanctioned to make these purchases. That said, there are several different foundation buyers participating in this purchase opportunity and it IS possible for a smaller package to be contracted IF logistics happen to fall in someone's favor. When a smaller bond portfolio happens to be in the same location where a larger bond portfolio is being closed, and if there can be some coordination with the other larger sellers, then it is possible for the smaller portfolio to be accommodated as well.
How quickly will I receive a contract and be able to close?
There is no stipulated timing of contract and closing but the various purchasing foundations are moving quickly to close on as many assets as they can—sending their closing representatives wherever they have to go around the world to conduct the TTM meetings. Right now the foundation buyers are focusing on purchasing 1924 German bonds. After that we have been told that they will move to Super Petchilis, but we have been given no guidance when that will begin. That said, the attorney told us that the seller of every large package of German bonds submitted during December received a contract—and that many of those transactions have already closed (including the one for 100 bonds).
Is there a price list available for the various assets being purchased?
No. The foundation buyers behind this historical bond purchase opportunity have not released an official list of prices being offered for each of the various assets—nor is there any formula that we know of that can be used to estimate an approximate price.
When and how will buyers determine the price they will offer?
The trade group attorney/principal working to facilitate purchases by the government-approved foundation buyers told us:
Will a good price be offered to me?
The buyers seem to be offering both reasonable and attractive prices. The only “unofficial” pricing information we have learned about is the approximate prices that were offered in contracts that have been recently issued (but which are in no way guaranteed to future sellers). By way of example: the previous approximate price on a lot of one hundred 1924 German bonds was $100M per bond. For seller submitting Super Petchilis, we have been told that the price will range from $30-50M per bond. Our understanding is that these are “net” payout amounts to the seller.
Is the price paid to me “in full” at closing or by way of “structured payments” over time?
The price that buyers pay is not structured. Sellers are paid the full price at closing.
Is any information available about the paying bank?
No, not at this time. Prior to a contract being issued, it is not even possible to know which of the several buying foundations will actually contract to make the purchase. That said, the transaction banks will be capable of billion dollar transactions and approved by the purchasing foundations' respective governments and the highest levels of world banking.
Are commissions available and who pays them?
The attorney/principal in the trade group who is facilitating purchases by the government-approved foundation buyers has told us that the commission will be:
What is the commission percentage?
The only “unofficial” commission information we are aware of is the approximate percentage amount that was offered for a recent German bond closing. That approximate percentage amount was 2.5%. But this amount is not guaranteed for each transaction in the future and we have no way of knowing if identical percentage amounts are offered on each respective asset, by each of the different foundation buyers, and irrespective of the number of bonds being purchased.
How will the genealogy process work?
We have been told that, when the attorney/principal has been notified that a contract is being issued to a seller, he will collect the necessary information on each involved intermediary for submission to the buyers. In the meantime, SRM will make every effort to collect genealogy information from every party associated with the submission so it is ready to present at the time it is requested.
Contact us directly for full list of assets being purchased and for the buyer-designated KYC that must be completed and signed in wet-blue ink. If you have an historical asset portfolio of 50,000 or more bonds, request the list and KYC here.
Otherwise, click here to receive this important information. Time is of the essence.
Can I go direct to a TTM and skip the KYC?
No. See the complete answer in the previous question.
Why is the KYC with included bond/box serial numbers so critical?
The KYC gives the buyers the information they need to approve the seller. The serial numbers enable the buyers to do some pre-approval of assets, to have their attorneys draft the purchase contract (for specified bond/box serial numbers), and to set aside the appropriate amount of funds for the closing event when a contract is signed.
Do I need to list serial numbers for all of my assets on my KYC?
No. You only need to list serial numbers for the actual assets you want to sell at the TTM. You should list a sufficient number of serial numbers to demonstrate to the buyers that your portfolio is large enough to entice them to issue you a contract and to schedule a TTM trip to where your bonds are located. You will not be allowed to sell more bonds at the TTM than the ones you specified by serial number in your KYC. After the TTM, you may be allowed to submit another KYC for additional bonds (of the same or different type) but, if this is allowed, then the buyers will have to go home and do their pre-evaluation work again, have their attorneys issue another contract, set aside new funds for a 2nd closing and re-schedule another TTM for you. Keep in mind that the buyers are focused on buying as much as they can in the most cost-efficient manner. Your primary focus should be on actually getting an opportunity to have a TTM—and that is influenced greatly by the size of your initial submission.
Can I use my own KYC?
Unfortunately, “No.” The only KYC that will be accepted is the KYC draft the buyers have specifically designated for submissions for this purchase opportunity. To receive the most current version of the only approved KYC for this historical asset purchase opportunity, send us an email.
Do I have to include serial numbers in my submission package?
Yes. Serial numbers of assets may be included in the KYC if seller prefers, but buyers have specified that those serial numbers must be included in a separate Excel Workbook file (.xlxs or .xls file format) that accompanies the KYC. (Excel PDF files are not acceptable.)
Is there a minimum number of bonds/boxes required?
The buyers are not requiring any particular "minimum" number of bonds--but some of the portfolios they have received number into the ten's and hundreds of thousands of bonds. Currently, they are contracting larger portfolios (because they are available) and the cost efficiency of buying larger portfolios is a business necessity when dealing with the huge volume in the limited time the buyers will be sanctioned to make these purchases. That said, there are several different foundation buyers participating in this purchase opportunity and it IS possible for a smaller package to be contracted IF logistics happen to fall in someone's favor. When a smaller bond portfolio happens to be in the same location where a larger bond portfolio is being closed, and if there can be some coordination with the other larger sellers, then it is possible for the smaller portfolio to be accommodated as well.
How quickly will I receive a contract and be able to close?
There is no stipulated timing of contract and closing but the various purchasing foundations are moving quickly to close on as many assets as they can—sending their closing representatives wherever they have to go around the world to conduct the TTM meetings. Right now the foundation buyers are focusing on purchasing 1924 German bonds. After that we have been told that they will move to Super Petchilis, but we have been given no guidance when that will begin. That said, the attorney told us that the seller of every large package of German bonds submitted during December received a contract—and that many of those transactions have already closed (including the one for 100 bonds).
Is there a price list available for the various assets being purchased?
No. The foundation buyers behind this historical bond purchase opportunity have not released an official list of prices being offered for each of the various assets—nor is there any formula that we know of that can be used to estimate an approximate price.
When and how will buyers determine the price they will offer?
The trade group attorney/principal working to facilitate purchases by the government-approved foundation buyers told us:
- After the buyers receive a compliant KYC document, they first determine if the bond submission includes the type of bond on which they are currently targeting their purchase activity.
- If the package includes such a bond, then they prioritize that package based on the quantity of the bonds in the package—since, for time and effort efficiency, they are trying to close on the biggest packages first.
- When they decide to offer a contract on a package of bonds, then they consider several factors to determine the price they will offer (size of package, location of bonds, and if available in a box, whether the sealed box has been opened or not).
- All of the official offer prices and terms are presented in the purchase contract when it is issued.
Will a good price be offered to me?
The buyers seem to be offering both reasonable and attractive prices. The only “unofficial” pricing information we have learned about is the approximate prices that were offered in contracts that have been recently issued (but which are in no way guaranteed to future sellers). By way of example: the previous approximate price on a lot of one hundred 1924 German bonds was $100M per bond. For seller submitting Super Petchilis, we have been told that the price will range from $30-50M per bond. Our understanding is that these are “net” payout amounts to the seller.
Is the price paid to me “in full” at closing or by way of “structured payments” over time?
The price that buyers pay is not structured. Sellers are paid the full price at closing.
Is any information available about the paying bank?
No, not at this time. Prior to a contract being issued, it is not even possible to know which of the several buying foundations will actually contract to make the purchase. That said, the transaction banks will be capable of billion dollar transactions and approved by the purchasing foundations' respective governments and the highest levels of world banking.
Are commissions available and who pays them?
The attorney/principal in the trade group who is facilitating purchases by the government-approved foundation buyers has told us that the commission will be:
- Generous (especially considering the transaction size amount).
- Divided equally between all parties on the genealogy.
- Paid directly by the buyer.
What is the commission percentage?
The only “unofficial” commission information we are aware of is the approximate percentage amount that was offered for a recent German bond closing. That approximate percentage amount was 2.5%. But this amount is not guaranteed for each transaction in the future and we have no way of knowing if identical percentage amounts are offered on each respective asset, by each of the different foundation buyers, and irrespective of the number of bonds being purchased.
How will the genealogy process work?
We have been told that, when the attorney/principal has been notified that a contract is being issued to a seller, he will collect the necessary information on each involved intermediary for submission to the buyers. In the meantime, SRM will make every effort to collect genealogy information from every party associated with the submission so it is ready to present at the time it is requested.
Contact us directly for full list of assets being purchased and for the buyer-designated KYC that must be completed and signed in wet-blue ink. If you have an historical asset portfolio of 50,000 or more bonds, request the list and KYC here.
Otherwise, click here to receive this important information. Time is of the essence.
Note: Prior to contract execution the above overview details may be modified at any time, plus this purchase opportunity may terminate and be withdrawn from availability without any advance notice.
Request More Information
The above program was available recently. We are continually introduced to a wide variety of programs and the program mentioned above may no longer be available as specified above. Each program has its own structure and requirements. If you have specific questions, then upon your formal request, we will assist you in obtaining this information. Unless you have previously submitted it, use our Request for Information form to submit your formal information request now and we will respond to you promptly.
Request More Information
The above program was available recently. We are continually introduced to a wide variety of programs and the program mentioned above may no longer be available as specified above. Each program has its own structure and requirements. If you have specific questions, then upon your formal request, we will assist you in obtaining this information. Unless you have previously submitted it, use our Request for Information form to submit your formal information request now and we will respond to you promptly.
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