About Transaction Funding & Xchange ―
3rd Party Transaction.
About Service Buyer (You) establishing a 'transaction/s' with 3rd Party/s (Guarantor/s, &/ their broker/agent/s) to exchange performance/funds for pay guaranty/s — under condition — Service Buyer
establishes a Guarantor commitment of performance/funds (PoF)
including profit 'before' or 'after' 3rd Party/s establish a Guarantor commitment of payment guaranty/s (PoG); via below Xchange facility.
About fulfilling Service
Buyer performance/funds — Service Seller (USAsset) to cause $1±Million to
$100+Million Funding in exchange for Payment Guaranty/s.
About a U.S.A. Trust–Escrow
guarantor — the 'Xchange'; to open Account Agreement/s with & 3rd Party/s &/ Service Buyer & Service Seller — to
facilitate transaction/s under below 'myGlossary' & Xchange performance commitment —
Guarantor/s = the paying/action U.S.A. bank/institution name+city+state, with services & creditworthiness effective for purpose intended. Commitment/s (proof) = a Guarantor/s commitment effective with offsetting Guarantor/s commitment. Guaranty/s = Guarantor/s legally effective instrument/s that pay $amount in certain funds directly & automatically to the guaranty holders at certain event &/ time/demand. Funding = Xchange disbursement of certain Funds at settlement.
Then within 3-days of execution of Bank
Trust-Escrow Account Agreement, and 3rd Party/s &/ Service Buyer deposit of Service Fee; Xchange to email advice
to Guarantor/s, that the below escrow/custody services are open for Xchange performance, and their email response:
Proof = Within 10-days, Xchange to establish the Guarantor/s 'before' "Commitment/s" are effective / in default (see Service Terms default condition for action) — then within 10-days, if 'before' commitment/s are effective, establish 'after' commitment/s match/offset — then
Clear = Within 5-days, Xchange to facilitate the final Guaranty document/s between Guarantor/s; then 'email advice' Guarantor/s to transfer to custody — guaranty/s then funds; then
Settle = Xchange, prior to 28-day Service Period time expiration — to exchange the Payment Guaranty/s face pay amount for Performance/Funds & your profit (LTV±rate in USDollars & balance in Guaranty/s); less any applicable amounts per Service Terms & Conditions shown at www.usasset.com:
Service Terms & Conditions:
About Service Parties establishing a Memo of Understanding
(MoU) — then Service Buyer/3rd/s Party/s to pay Service Costs in response to Service Attorney conditional undertaking
to facilitate an Account Bank Trust-Escrow (Xchange guarantor) Account
Agreement effective with the MoU and Service Terms & Conditions.
Service Costs = 3rd Party/s &/ Service Buyer to pay via Service Attorney prior to work — Service Costs of $25±Thousand if 'after PoG', or $50±Thousand 'before PoG' —
Service Fee = Xchange to pay from 3rd Party/s &/ Service Buyer escrow deposit, subject to default condition — PoF after PoG = 1% of PoG (minimum $100±Thousand) or PoF before PoG = 6% of PoG (minimum $250±Thousand).
Transaction Cost = Xchange pay from 3rd Party/s &/ Service Buyer USD funding; any Costs due, any costs estimated until closing, or to reimburse Service Fee paid costs.
Transaction Fee = Xchange pay from 3rd Party/s &/ Service Buyer funding proceeds per Service Seller instructions —
- PoF after PoG = 12% for 1-year or 1.5% for each 28-day service time period — ($150±Thousand minimum); or
- PoF before PoG = 18% for 1-year or 2% for each 28-day service time period — ($250±Thousand minimum).
Rollover Fee = Xchange to pay from 3rd Party/s &/ Service Buyer Settlement proceeds of prior settlement — Roll-over Fee equal to Service Fee + 50% amount for any & each exchange/event or Pay Guaranty funding.
3rd Party/s = charges are paid from 3rd Party/s &/ Service Buyer proceeds; per Service Buyer & Seller instructions; and as agreed between the 'Service 3rd Party/s'.
Default occurs if Guarantor/s fails to make/cause legal and effective exchanges with Bank Trust-Escrow, at certain events &/ times; then Service Fee balance, less any Transaction Costs — is paid to Service Seller if Service Buyer Guarantor defaults; or Service Fee depositor bank is paid if Service Seller Guarantor defaults.
Change occurs if Service &
applicable Parties mutually make written change.
Closing occurs upon default, payment
of Guaranty/s, change, Service Period expiration.
Performance is assured – see About Us.
For Accredited or Sophisticated Service Buyers Only
Subject to change.