It's how USAsset does business!
About Transactions & Services.
Consist of You & Your transaction party/s establishing transaction/s — to exchange performance and payment.
Consist of USAsset (Service Seller), to exchange Funding of ($amount) in USDollars & Guaranty/s for Payment Guaranty/s via below Exchange services — under following Terms & Conditions.
Terms & Conditions.
About requirements to do business together.
Conditions = Service
Buyer/s to submit to
Service Seller — email response to highlighted items and bank proof of Service Costs — in exchange for a 'draft' Memo of Understanding
Terms = Service Attorney
— after receipt of below Service Costs from Service Buyers/Transaction Beneficiary/s — to arrange exchange services between Trust & Service Party/s that match 'MoU':
Service Costs = Service Buyer &/ Transaction Beneficiary/s to pay USDollars 'USD' Service Fee option to Service Attorney to facilitate MoU with Bank Trust —
Option1 = $25±Thousand for each transaction; or
Opton2 = $50±Thousand initial transaction, then $25±Thousand for each additional.
Service Default Fee = Service Buyer &/ Transaction Beneficiary/s to deposit CC / 'USD' to Trust escrow account to pay per below Exchange > Close > Default.
Option1 exchange = CC of transaction performance after CC of transaction payment = 1% of Payment amount (minimum $100±Thousand fee) for 28±day Service Period; or
Option2 exchange = CC of transaction performance before CC of transaction payment = 5±% of Payment amount (minimum $200±Thousand fee) for 28±day Service Period.
Consist of Service Seller Financing Service Buyer Transaction Performance Funding — in amount equal to Payment Funds — in exchange for Payment Funds at settle.
Guaranty/s = legally effective Guarantor/s Guaranty/s to make performance funding &/ payment funds — directly & automatically to the guaranty holder/s beneficiary/s @ certain time/s.
Payment Funds = $1±Million to $100+Million.
Performance Funding = 100±% of Payment Funds amount.
Funding/Funds = USD &/ Guaranty/s.
Guarantor/s = U.S.A. bank/institution/S&P rated/NASDAQ entity/acceptable party — having services, resources, creditworthiness, etc. — effective for any required matter.
Consist of Bank 'Trust' – agreements for escrow,
custody, banking, and exchange services, with Service Party/s & per their instructions — then upon escrow deposit of above Service Default Fee
terms and any Trust exchange costs — Trust to open exchange:
Proof = Trust to email receive, verify,
then confirm to Guarantor/s the 'before' CC/s are legally effective/default — then if effective, Trust to verify the Guarantor/s 'after'
CC/s; then if match, go to Clear. If any default, pay Service Fee per below Close > Default —
Conditional Commitment (CC) = guarantor/s guaranty to exchange performance funding / payment funds — that becomes actual commitment only when one or more specified conditions are fulfilled.
Clear = Trust to facilitate the
final Guaranty document/s with Guarantor/s then Guarantor/s to transfer funds of USDollars &/ Guaranty/s to Trust
— then upon receipt
Settle = Trust to
exchange Payment Funds & disburse Performance Funding (LTV±rate in USDollars & balance in conditional Pay Guaranty/s); less below amounts.
Interest/Discount = Trust to
pay from Service Buyer funding proceeds = $100±Thousand minimum for any of following option/s = 13±%
annual; or 1.5±% each for more than 6+, 28-day
Service Periods; or 2±% each for less than 6 & more than 3, 28-day Service Periods. then
Funding Funds = Trust to pay Service Fee to Service Seller plus pay any Exchange costs deducted from Service Fee, then pay guarantor/s as agreed, then pay agreed others, then
pay balance to Service Buyer/s.
Close = Trust to close services upon settle, default, change, Service Period expiration, Trust agreement/s.
Default occurs if Guarantor/s fail to make/cause legal and effective exchanges with Bank Trust-Escrow-Custody, at certain events &/ times — if default — then Service Fee balance, less any Exchange Costs is paid to non-default Service party.
Change occurs if Service & applicable Parties mutually make written change.
Close occurs if settle or Service Period expiration — the longer time period takes precedence.
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For Accredited or Sophisticated Service Buyers Only
Subject to change.