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About our Services.

Transaction Funding & Xchange Facilities ―

 

3rd Party Transaction.

Service Buyer (You) have established 'transaction/s' with 3rd party/s to exchange performance & payment — under condition — Xchange Facility establishes Your bankable proof of transaction performance '(PoF) before' or 'after' establishing 3rd Party bankable proof of transaction payment guaranty/s (PoG).

Funding Transaction.

To fulfill Service Buyer performance — Service Seller (USAsset) to cause $1±Million to $100+Million Funding via Xchange Facility.

Xchange Facility.

The 'Xchange' Guarantor (a U.S.A. Trust-Escrow Bank) to open Account Agreement with Service Buyer & Seller to facilitate transaction/s —

  • Guarantor/s = issue/paying U.S.A. bank/institution name+city, with services & creditworthiness effective for purpose intended.
  • Commitment/s (proof) = a Guarantor/s commitment that becomes an effective Commitment when match with another Guarantor/s offsetting commitment.
  • Guaranty/s = legally effective bankable instrument/s that guarantee divisible payment of $amount in certain funds directly & automatically to the holder/s 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 Service Fee deposit, Xchange to email advice Guarantor/s, the below services are open per below sequence:

  1. Proof = Within 10-days, Xchange to receive via email, verify, & advice the Guarantor/s 'before' "Commitment/s" are effective to match   then within 10-days, verify 'after' commitment/s match/offset  then
  2. 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 in response; then
  3. Settle = Xchange, prior to 28-day Service Period expiration — to exchange the Payment Guaranty/s face pay amount in Funds (i.e. 80±% USDollars & 20±% Guaranty/s); less any applicable amounts per Service Terms & Conditions: 

 

Service Terms & Conditions:

Service Parties to establish a Memo of Understanding (MoU) — then Service Buyer 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.

  1. Service Costs = Service Buyer to pay via Service Attorney prior to work —  Service Costs of $25±Thousand if 'after PoG', or $50±Thousand 'before PoG' — 
  2. Service Fee = Xchange pay from 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).   
  3. Transaction Cost = Xchange pay from Service Buyer USD funding; any Costs due or to reimburse Service Fee paid costs as mutually accepted.  If default initial transaction, pay transaction costs from Service Fee.
  4. Transaction Fee = Xchange pay from Service Buyer funding proceeds per Service Seller instructions —
    • PoF after PoG = 12% for 1-year or 1.5% for each 28-day service period — ($150±Thousand minimum); or
    • PoF before PoG = 18% for 1-year or 2% for each 28-day service period — ($250±Thousand minimum). 
  5. Rollover Fee = Xchange to pay from 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.     
  6. 3rd Party charges = from Service Buyer proceeds; per Service Buyer & Seller instructions; and as agreed between service parties. 

Default occurs if Guarantor/s fail to make/cause legal and effective exchanges with Bank Trust-Escrow, at certain events &/ times; then Service Fee balance, less any transaction costs be paid to Service Seller if Service Buyer Guarantor defaults or if Service Seller Guarantor does not default; or if Service Seller Guarantor does default, return Service Fee balance to depositing bank. 

Change occurs if Service & applicable Parties mutually make written change.

Closing occurs upon default, payment of Guaranty/s, certain change, Service Period expiration.

  Performance is assured – see About Us.

 Email Us: fred@usasset.com — Call Us: +1 (702) 944-0375 — Visit Us: www.usasset.com

For Accredited or Sophisticated Service Buyers Only

Subject to change.