Dematerialized LTN Purchase Program
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OVERVIEW
This purchase program is for LTN owners whose bonds have been registered electronically with STN, who can provide current STN black screens that indicate that STN has custody of their LTN through “Electronic Registration” or “Screen Electronic Registration on National Treasure Secretary” and who have the capacity to meet the required financial commitments. Possession of the original bond documents is not required by this program—but presentation of current copies of those bond documents can be helpful.
PROGRAM PROVIDER: The company that is coordinating the sale and purchase:
PURCHASE PRICE: The gross sale price paid to bond owner is indicated to be 10% of the future value (PU+) of the LTN.
TRANSACTION COSTS: The bond owner is responsible for the following Transaction Costs:
o $350,000 for a Z-series LTN
TRANSACTION PROCESS:
90% (or more) of the gross sales price is paid to LTN owner
after payment of the 5-10% profit share portion to the introducing consultants;
o If the Global Bond Conversion Fee is paid by the third-party investor:
85% (or more) of the gross sales price is paid to LTN owner
after payment of the 5-10% profit share portion to the introducing consultants
and payment of the up to 3-5% profit share portion to the third-party investor
with whom SRM is making arrangements to provide case-by-case, advance funding
to assist bond owners with payment of their global bond conversion fees.
Note: This program may be changed or withdrawn from availability without notice prior at any time.
This purchase program is for LTN owners whose bonds have been registered electronically with STN, who can provide current STN black screens that indicate that STN has custody of their LTN through “Electronic Registration” or “Screen Electronic Registration on National Treasure Secretary” and who have the capacity to meet the required financial commitments. Possession of the original bond documents is not required by this program—but presentation of current copies of those bond documents can be helpful.
PROGRAM PROVIDER: The company that is coordinating the sale and purchase:
- Is a wealth management company with over €20 billion of assets under management
- Is skilled in converting illiquid assets into viable structured liquid assets
- Custom structures Brazilian LTNs into credit-linked, asset-backed instruments that can be sold for value on European public exchanges
PURCHASE PRICE: The gross sale price paid to bond owner is indicated to be 10% of the future value (PU+) of the LTN.
TRANSACTION COSTS: The bond owner is responsible for the following Transaction Costs:
- Consultant compensation fee in the form of a profit-share agreement to have 5-10% of bond owner’s gross sale proceeds paid to the introducing consultants.
- The required upfront* global bond conversion fee of:
o $350,000 for a Z-series LTN
- * For those situations where the bond owner is unable or unwilling to advance the global bond conversion fee, arrangements are being made for a third-party investor to provide all of, or a portion of, the global bond conversion fee in exchange for a profit share agreement that will allocate up to a 3-5% portion of the bond owner’s gross sales proceeds to the third-party investor. Availability of this fee assistance funding will be announced when details are completely finalized.
TRANSACTION PROCESS:
- Bond owner submits a qualifying LTN package to SRM.
- Bond owner signs a profit share agreement with SRM for payment of consultants.
- SRM submits LTN package to program manager for review and approval.
- Program manager speaks directly with bond owner to provide full program details.
- Bond owner performs due diligence on company offering purchase program.
- Bond owner receives and signs contract documents for program participation.
- Bond owner (or the third-party investor) pays the global bond conversion fee.
- Program manager creates a global bond and lists it on an appropriate European public exchange.
- Contracted buyer executes sales and purchase agreement.
- Gross sale proceeds are received by transaction paymaster.
- Paymaster distributes payment per one of the two following scenarios:
90% (or more) of the gross sales price is paid to LTN owner
after payment of the 5-10% profit share portion to the introducing consultants;
o If the Global Bond Conversion Fee is paid by the third-party investor:
85% (or more) of the gross sales price is paid to LTN owner
after payment of the 5-10% profit share portion to the introducing consultants
and payment of the up to 3-5% profit share portion to the third-party investor
with whom SRM is making arrangements to provide case-by-case, advance funding
to assist bond owners with payment of their global bond conversion fees.
Note: This program may be changed or withdrawn from availability without notice prior at any time.
Initiate Your LTN Connection With SRM Via Our
LTN INFORMATION FORM
LTN INFORMATION FORM
Criteria for receiving program assistance from SRM Services for dematerialized LTNs:
- Bonds titled in the name of the CIS Applicant
- STN black screen pages produced after 2017
- Corporate Resolution signed by the President and Signatory (if the CIS is from a corporate entity)
* For LTN owners who do not speak English, the SRM Team has Portuguese/English translation services available through our attorney associate in Lisbon, Portugal.
- SRM will work with the consultant or the legal representative of the bond owner* for the purpose of receiving and processing required bond documents.
- Direct access to the LTN owner must be available when required by the purchase program.
- The bond portfolio must contain:
- Bonds titled in the name of the CIS Applicant
- STN black screen pages produced after 2017
- Corporate Resolution signed by the President and Signatory (if the CIS is from a corporate entity)
- Upon receipt of all required bond documentation, SRM will provide a Bond Package Summary & Genealogy document to obtain the information necessary to prepare a Profit Share Agreement (PSA) between SRM and the Bond Owner.
- The final item required by SRM prior to package submission to the LTN Purchase Program is the PSA, signed and notarized by the Bond Owner and SRM. (The PSA will ensure that all eligible consultants will be compensated.)
* For LTN owners who do not speak English, the SRM Team has Portuguese/English translation services available through our attorney associate in Lisbon, Portugal.
FREQUENTLY ASKED QUESTIONS
About the LTN Purchase Program that is Available and on How to Work with SRM on LTNs
About the LTN Purchase Program that is Available and on How to Work with SRM on LTNs
INITIATE YOUR LTN COMMUNICATION WITH SRM VIA OUR
LTN INFORMATION FORM
LTN INFORMATION FORM
To receive LTN assistance from SRM Services: If your bond portfolio meets the criteria listed above, we invite you to submit general information about your bond portfolio using our online LTN Information Form. Upon an acceptable review of your LTN Information Form we will communicate back to you and arrange to send you a Program Overview of the LTN program mentioned above as well as other important documents needed to proceed.
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Copyright 2018. All rights reserved. SRM Services Limited.
Copyright 2018. All rights reserved. SRM Services Limited.
