DAVID CRAYFORD ............. THAT LAST ARTICLE RE: THE US MARSHALL FUND FOR GERMANY CERTAINLY OPENED UP ...........
.............. A WHOLE NEST OF VIPERS WITH MULTIPLE EMAILS / INFORMATION COMING IN ON A CONTINUOUS BASIS.
The best information so far is one that proves I was wrong on one issue. I stated, quote "Hundreds of Billions of USD held in the Deutsche Bank Trust", when in fact it is actually confirmed as "Hundreds of Trillions of USD being held in the Deutsche Bank Trust", so I am pleased someone corrected me and even more pleased to note that the information came from a reputable source, being someone of standing connected to a Trading Desk in Geneva, Switzerland.
That person also had the decency to send me a document, from the Trading Desk, which is quite clearly a document of instruction / procedures for the "Traders / Clients", which I copy over below:-
We can establish a business relationship between your MTN/BG buyer/client and one of the banks we entertain strong relations into the capital/global markets department which are:
BONY Mellon EMEA
BBW EMEA SEB AG Germany Deutsche Bank AG Germany
Before we engage the buyer/client with the capital/global markets department of one of these banks it has to be clear that the client will only be able to obtain FC/SS MTN´s or FC/SS BG´s from these banks if they fit the following criteria:
1. The client needs to be willing to offer at least 5 to 10 B Euro in cash to the above mentioned bank's Asset Servicing Department;
2. The client needs to be willing to hold 20 % to 30 % of the obtained MTN´s/BG´s from these banks in their own asset servicing account;
3. The client will have to follow my guidance from the first introduction until the first FC or SS financial instruments are tranching and the asset servicing account has been opened for 1 month.
If the client is unwilling or unable to accept the above criteria we will not entertain any introduction to any of the capital or global market department of these banks.
The first 3 banks mentioned (excluding Deutsche Bank AG) would be willing when the client follows our criteria to supply the new client with a SS MTN spot in the value of 2 to 10 B Euro according to his needs and requirements.
In return when this transaction is settled it is expected that the client will sign an asset servicing agreement with the bank after successful due diligence, and then the above amount of funds is transferred into the client's own asset servicing account at this bank.
When the cash funds are transferred into the asset servicing account the FC or SS instrument agreements will be signed with the bank and if needed we (my group) will supply the exit buyers, (Each of our buyers have X00 B Euro or more and will also hold a desk account or asset servicing account at this bank).
If your client/buyer would exit to one of my clients within the same bank it would work out favourably for further business (FC or SS financial agreements or SS MTN spots) as the "instrument" does not leave the bank which of course would be welcomed by the bank supplying the instrument especially in case of a FC MTN or BG.
I represent a cluster of clients therefore these options are given. If a buyer will try this by himself he will not be able to achieve the same result. I of course will be transparent about the entities whom are in this pool of buyers the moment I have direct access to your client, whom I will only speak to when he is willing to work according to my criteria.
After the initial call with your buyer or client and our assessment with which bank he could work with we will require a full KYC and comprehensive documentation that may facilitate an identification of the client, e.g. certificates, extracts from the appropriate commercial registries where the company is registered.
The asset servicing divisions of the mentioned banks require full documentation in order to issue any fee protection agreement providing information about the quantity and value of transferred securities, duration of the intended custody relationship, the description of the corporate purpose and the intended business activities.
The asset manager has to introduce the individual business case to the bank's committee for further decision making. This will require the submission of a complete file in order to assure a positive decision from this committee of decision makers within the asset servicing division of the bank we will work with.
When this is received we will arrange a conference call between the head of the capital/global markets and head of the asset servicing division of the bank in question, the bank will send out the invitation via email to client and myself.
Depending on the verbal skills/quality of the client/buyer I will either take the lead in this conference call or let the client explain that he would like to have a relationship with the bank, we suggest in order to obtain FC or SS financial instruments to hold in their portfolio within their asset servicing account at the mentioned bank or this will be used as collateral for the projects which the client/buyer would like to execute on a worldwide scale.
In the course of this first conference call we will make clear that the client would start with a spot SS MTN transaction which will be agreed to by the bank due to our relation with them.
If required a follow up meeting will take place either in London/Frankfurt or Stuttgart (in case of the LBBW) after this first SS MTN spot has been settled and the DD will take place until the asset servicing and desk account are opened at one of the above mentioned banks.
Further SS MTN spots may follow until the asset servicing and desk accounts are operative and negotiations will take place about the possible FC or SS MTN agreement which the client will enter into.
Before we have our initial call with the client I require the parameters of the SS MTN´s he would like to obtain as this will play a major role together with the strength of the client if we are able to give the client the options described in this email or with which bank I will engage myself with on behalf of the client:
1. Coupon rate of the SS MTN´s spot
2. Type of MTN (Unsubordinated, cash backed or unstructured)
3. Required years until maturity of the MTN
4. Minimum discount under trading price (10, 15 or 20 % of course depending on coupon).
Your client might think he can do this by himself and of course he might try, but he should keep in mind that I work on behalf of a cluster of clients whom hold more then 1 T Euro in cash assets and if you are within my group you will receive exit buyers (even pension funds) with cash on the account instead of entities whom work with credit lines.
I am available for a chat with the client after he has answered the above questions and after he is willing to work via my criteria and before I forget, the client will sign a PPA of 2 % for all FC/SS agreements he will enter into thru us (for SS we might decide to accept 1 % commission if the pricing is not so favourable).
Let's just look carefully at some of the content of the above:-
i).Stated, quote "Section i). at the beginning of the document, "The client needs to be willing to offer at least 5 to 10 B Euro in cash".
There are not many individuals who hold that much cash in any bank account. This is a program for high end Trusts / Foundations, Insurance Companies, Pension Funds, Corporations. Etc.
ii).Stated, quote "The first 3 banks mentioned (excluding Deutsche Bank AG) would be willing when the client follows our criteria to supply the new client with a SS MTN spot in the value of 2 to 10 B Euro according to his needs and requirements."
"Supplying the new client with a SS MTM spot in the value of 2 - 10 Euro". Good grief that is a large portion of the named banks capital, so therefore heavy leveraging is being applied here whereby one mistake and the Bank goes "South", taking with it the funds of other clients, which is similar to what happened with Lehman Bros in September 2008.
The MTM paper debt is out there in the market place somewhere. Now let's apply that to the top 25 World Banks and that is an enormous amount of Debt in the world, issued by Banks in the form of MTM which amounts to "Short Term Profit" and "Long Term High Level Risk", the latter of which would affect the whole world.
So risky, so immoral, so irresponsible, and sickening to say the least. Just think of the poverty stricken people around the world who could benefit from such activities, but no, "Trading" is profit based for the minority, and to hell with the poverty stricken.
iii).Stated, quote " .......the client will sign an asset servicing agreement with the bank after successful due diligence,"
Oh, so what we really have is another little secret club for the wealthy. Who use the "Trading" systems to cement their strength and power base, whilst millions in the world go hungry.
iv).Stated, quote "I work on behalf of a cluster of clients whom hold more then 1 T Euro in cash assets".
Really, 1T in cash assets. I am sat here working out how many poverty stricken families that would feed, or how many children could receive an education, or even have a second set of clothes.
The world of fantasy finance and debt creation and the masses receive nothing at all from it.
When the United Nations and the Red Cross / Red Crescent go publicly begging for funds for relief work after a natural disaster, I really do get sickened by such systems because when "Trading" was first introduced the principle behind it was to service the world, eliminate poverty, create sufficient funds following any natural disaster, etc.
NO, that is not the purpose now, as we see, "Trading" is for an elite group, the very minority, of people and to hell with the people, or suffering of same.
Parasitic Bastards of the highest order.
Such issues were partly to blame for the 2007 / 8 Global Financial Crash, and these banks are still being allowed to operate same with all the risks being carried forwards towards the next Global Financial crash.
As I have stated several times previously, the real problems are, that the core of the problems that created the 2007 /8 Global Financial Crash have not been resolved, and that such matters as the above is actually adding to the problems of 2007 / 8, which support a much bigger financial crash in future years.
Banks are no longer credible, nor hold any credibility, in my eyes.
David P. Crayford.