Trade with leased instruments works through a huge foundation which has the right channels and ability to facilitate leased instruments into trade. The applicant must first request in writing a compliance package, which will be provided to the applicant after a telephone conversation.
What is needed first is:
1) Compliance documents
2) Copy of the instrument
3) Bank attestation/recommendation letter about the client, that he is a valueable/honorable client for the past years and is well known to his bank.
4) Authorization to Authenticate-Bank Instrument which must come on client's full letterhead
5) Bank Acknowledgment which must come on client bank's full letterhead
1) Compliance documents
2) Copy of the instrument
3) Bank attestation/recommendation letter about the client, that he is a valueable/honorable client for the past years and is well known to his bank.
4) Authorization to Authenticate-Bank Instrument which must come on client's full letterhead
5) Bank Acknowledgment which must come on client bank's full letterhead
The Bank Declaration on client bank's letterhead - THIS IS THE KEY TO SUCCESS WITH A LEASED INSTRUMENT. The client must FIRST go sure that his bank will issue this Bank Declaration (exactly the given verbiage, no changes nor amendments are allowed) BEFORE he starts working on his compliance package.
In case of sorts of instruments, the foundation trader accepts CD, BG, MTN, absolute minimum amount is 50M, but then also the profits are quite low. An ideal face value is 500M and more, what brings nice profits.
Should you have any questions or should anything be not clear, please contact your Altika representative.
