Exeter Group of Companies LLC

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Our MTNs are from some of the world top 100banks, and we used SWIFT FOR delivery. Specially, we use the SWIFT MT760 and the SWIFT MT799.

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Leased Mid Term Note (MTN’s)

SERVICE AND INSTRUMENT DESCRIPTION:

Medium-Term Notes (MTN’s) are referred to as debt instruments because they have a date of maturity, predefined face valued, an annual interest rate, and is sold by banks to investors. The term of maturity is five to ten years and can be helpful in your financial future. Even those these instruments are available they are difficult to secure without the right financial brokers.

Leased MTNs are a good option for those that cannot get access to investor’s that have large cash accounts. Banks have been using leased MTNs for decades, and it is a good option for unconventional financial funding. With a leased term you have access to another person’s MTN for a fee, and when the term is up so is your ownership.

While acting as an owner you have the same rights, and can use your fund as collateral, place a lien, or even monetize it. This is all available through your term of the leased MTN, or upon renewal of the contract.

Leased Mid Term Note (MTNs)

Our MTNs are from some of the World Top 100 Banks, and we used Bloomberg, Euroclear, DTC screen block and pay and SWIFT for delivery. Specifically, we use the SWIFT MT760 and SWIFT MT799.

We Protect Our Client Deposits Fully Through 3 Levels of Protection

You never have to worry about your security with our three levels of protection:

  1. A Two Percent (2%) Non-Performance Penalty
    • Two Percent (2%) damage fee will apply to a Party that fails to perform. The 2% shall apply in both cases, either when the Provider has sent a Corporate Invoice which the Beneficiary’s Bank will not respond or pay, and/or when the Beneficiary’s Bank is ready willing and able to receive the BANK INSTRUMENTS and no BANK INSTRUMENTS is delivered from the Providers Bank by SWIFT MT-760, DTC, Euroclear or Bloomberg.
  2. A Program to Refund Deposits (all our agreements are Bank Endorsed (confirmable) with full bank responsibility as an insurance wrap)
    • With our agreement with banks, that bank becomes responsible for payment when the transaction becomes complete.
    • When a bank endorsed an agreement, the bank becomes responsible before our company is paid any fees by the client. We are the only Bank Instrument Facilitators in the WORLD that guarantee 100% your initial deposit through bank endorsement before the client releases any payment.
  3. Attorneys Client Trust Account
    • Once your agreement is approved by the compliance department and bank endorsed, the payment is to be made ONLY AND EXCLUSIVELY to an attorney’s office client trust account. This banking coordinates will be provided directly from an Essex Trade Capitals compliance officer (CCO) and it will be included inside of your Invoice.

This Refund Deposit  Program protects our clients and makes sure that the deposits are completely safe.

16 Benefits of Purchasing a Leased MTN from Us!

  1. Our Program Operates with the Top 100 Banks of the World
  2. We offer monetization for our own bank instrument in case clients need this service.
  3. Our Bank Guarantees are available in a variety of currencies like the USD or Euro.
  4. We offer low lease rates 10% (8+2%) percent rated banks or 7% (5+2%) percent with a non-rated institution.
  5. Offer five days to have full payment after the MT760 arrives at your bank.
  6. We include advice about your MT799
  7. We protect 100 percent of your deposit.
  8. We do not allow Corporate or Personal Checks.
  9. You do not need to show your project documents.
  10. We promise that after an agreement is completed, it will be signed within 72 hours.
  11. We deliver the MT760 to your institution.
  12. We offer Bloomberg, Euroclear or DTC delivery to your Bank
  13. We will pay a commission of up to 1.5% to any brokers.
  14. We develop your MTN specifically for each client.
  15. We impose a performance penalty of 2% in every contract.
  16. Our banks endorse our deposit guarantee and also ensure to payout.

 

Deposit Requirements for Leased BG’s via SWIFT: 

Deposit Requirements for Leased BG’s via EUROCLEAR & BLOOMBERG:

Prices in EUROS

If you Do NOT have Initial Deposit Funds and want a FREE Bank Instrument.

Apply Here

 

SWIFT MT-799/MT-760 Closing Process: 

1. The Beneficiary and provider sign the contract initiating the memorandum of understanding and the letter of intent. This enters them into a contractual agreement.

2. During an upcoming day of business the providing bank will endorse the agreement, granting the beneficiary payment for:
* Swift delivery of the MT799 and MT760
* MT760 Cost of Portfolio Reservation
* Verifying the Beneficiary
*Compliance Assessment Coordinated by the Bank

3. The beneficiary, within two (2) international banking days, instructs his Bank to send swift transmission/portfolio reservation cost of €XXX, XXX  by wire transfer to the Provider’s banking coordinates, and emails a copy of the wire transfer receipt to the Provider.

4. Within three (3) banking days after the Providers Bank has received above bank swift transmission/portfolio reservation cost, Provider will instruct his issuing bank to cut the Bank Instruments for the Beneficiary and schedule its delivery to the Beneficiaries Bank (BPU securing the leasing fee needs to be confirmed before the MT799).

5. Within ten (10) banking days Provider sends MT-799 Pre-Advice to the Receiver’s bank asking “Are you ready to receive SWIFT MT760 with Bank Instrument, verify and pay by SWIFT MT103 in five (5) calendar days according to Transaction Code No. _______________?” (Provider shall provide a copy of said MT799 to the Beneficiary by email).

6. Within three (3) banking days thereafter Receiver’s Bank sends a MT799 to Provider’s bank “Yes, Confirmed, we are ready to receive SWIFT MT760 with Bank Instrument, verify and pay by SWIFT MT103 in five (5) calendar days according to Transaction Code No. _______________?” (Beneficiary shall provide a copy of said MT799 to the Provider by email).

7. Within three days the provider’s institution will send the MTN through the SWIFT MT760.

8. When the receiving bank has received the MTN, they will confirm this with the other bank and will pay within 5 days 10% (minus initial deposit paid to provider), which includes a 2% consultant fee.

9. If the beneficiary does do not honor the payments, then the Provide will place a claim on the MTN which causes the receiver’s institution to return the MTN through SWIFT MT760. Any payments that have been made by the beneficiary will not be refunded.

10. The provider’s bank has one week within the reception of the payment of the MTN to send a hard copy of the MTN to the beneficiary’s bank through a courier that is bank-bonded.

11. Any additional tranches will abide by the same procedures and will continue until the funds have been depleted.

Important: Our contracts have a clause that requires the purchaser to return the Leased Mid Term Note (MTN) to the institution that issued the MTN no later than 15 days before the first year anniversary of the contract.  This is required of all leased Mid Term Note (MTN).

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Exeter Group
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Deposit Requirements for Leased BG’s via EUROCLEAR & BLOOMBERG:

Bank Guarantee Agreement and Delivery Process

Step-by-Step Procedures:

  1. Contract Execution:

    • The Provider and Beneficiary sign and execute the Letter of Intent and Memorandum of Understanding, converting it into a full commercial recourse contract agreement.

  2. Provider’s Commitment:

    • On the next banking day, the Provider’s bank endorses the agreement and guarantees the Beneficiary’s payment for:
      • SWIFT Transmission (MT799 and MT760).
      • Portfolio Reservation Cost (MT760).
      • Beneficiary Verification.
      • Bank Delivery Coordinates Compliance Assessment.

  3. Beneficiary’s Obligation:

    • Within two (2) international banking days, the Beneficiary directs their bank to transmit the SWIFT transmission and portfolio reservation cost of $XXX,XXX (______________________) via wire transfer to the Provider’s designated receiving bank account.
    • A copy of the wire transfer receipt must be emailed to the Provider.

  4. Bank Instrument Creation:

    • Within three (3) banking days of receiving the SWIFT transmission/portfolio reservation cost, the Provider instructs their issuing bank to prepare the Bank Instrument for the Beneficiary and schedule its delivery through Euroclear/Bloomberg Screen.

  5. Instrument Delivery:

    • Within ten (10) banking days, the Provider’s institution will email a certified receipt confirming the Bank Instrument delivery via Euroclear/Bloomberg.
    • A copy of the Euroclear/Bloomberg Screen will also be provided to the Beneficiary via email.

  6. Payment of Leasing Fees:

    • Upon acknowledgment of receipt, the Beneficiary is required to immediately pay the leasing fees (screen block and pay).

  7. Return of Bank Instrument:

    • The Bank Instrument must be returned no later than 15 days before the contract reaches its one-year anniversary.

Required Documents

  • Application Submission:
    • Complete the Bank Guarantee Application form provided below.
    • Submit the application via email to: [email protected]

Compliance Standards

  • Accepted Standards:

    • Clients must adhere to our compliance standards and accurately complete the online application.

  • Rejected Standards:

    • Applications involving providers listed on the Forbidden Assets and Financial Instrument List.
    • Situations where the client fails to pay the deposit.

Important Information

  • Banking Days and Holidays:

    • All references to “days” apply exclusively to banking days. Weekends and public holidays are excluded.

  • Non-Negotiable Terms:

    • Pricing and procedures for Bank Guarantee (BG) services are fixed and non-negotiable.

  • No RWA or BCL Letters:

    • Exeter Group does not issue Ready Willing and Able (RWA) or Bank Comfort Letters (BCL), as these are commonly misused to shop for credit lines.

  • No Free Bank Guarantees:

    • All Bank Guarantees (BGs) must be fully paid for or secured via Bank Payment Undertaking before delivery. Banks will not deliver a BG without secured funds, and no BGs will be provided free of charge.

Leasing and Monetization Notes

  • If leasing via Euroclear and seeking a loan through monetization with the Attorney’s Trustee office of Exeter Group, note the following timelines:

    1. Compliance Approval:
      • Initial application review and approval take 72 hours.
    2. Application Submission:
      • Once approved, the client will receive an application for the bank instrument and loan. Due diligence takes an additional 72 hours.
    3. Payment Submission:
      • After due diligence, the client will receive a bank-endorsed countersigned agreement and must submit payment within three days.
    4. Processing Period:
      • Leasing of the bank instrument takes 35 days from payment receipt.
      • Monetization of the bank instrument requires 30 days.
    5. Total Timeline:
      • The entire process spans 65 working days after payment is received.

  • Performance Bond (Insurance Wrap):

    • In certain cases, banks may require a performance bond to mitigate risks flagged during due diligence. This ensures the bank instrument will not be called at maturity due to failure to fulfill the financial obligations secured by the collateral.

Exclusive Payment Terms:

  • Payments are accepted only through the attorney’s client trust account. Exeter Group is not responsible for payments made to third parties, including brokers or delegation offices.

For additional inquiries, contact us at: [email protected]

Download the Medium Term Notes (MTN’s) – Leased Application & Agreement Here!

Read the Medium Term Notes (MTN’s) – Leased Application & Agreement Below

Become An
Exeter Group
Broker Today!

Apply Now
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