About our Services.
Xchange to fulfill 3rd Party Transactions ―
3rd Party Transaction.
You have established, a '3rd party transaction/s' to exchange performance
& payment — under condition — Xchange confirms the 3rd party Guarantor proof of payment guaranty/s (PoG/s) before or after you prove Guarantor funding-performance (PoF/s).
To fulfill your 3rd Party transaction obligations — Service Seller (USAsset) to provide Guarantor performance-funding of $1±Million
to $100+Million in exchange for 3rd
Party/s payment guaranty/s.
The Service Seller & Buyer Xchange services agreement, to be via a U.S.A.
Bank Trust to provide private escrow, custody, & settle services between Guarantors. See About Us > Benefits.
Service Period to open within 5-days of Xchange 'of email advice' of Bank Agreement mutual execution & receipt of Service Buyer deposit-transfer of Service Fee — then within 10-days:
1st Proof = Xchange to receive & establish Guarantor/s 'email advice' Conditional Commitment/s (CC) of funding-performance (PoF/s) or payment guaranty/s (PoG/s) are effective for clear-settle — sequence is to establish 'before proof', then if effective per below, to then receive &
establish 'after proof' response matches below, within following 10-days:
2nd Clear = Xchange to establish guaranty/s with Guarantors; then 'email advice' guarantor/s to transfer effective USD funds & guaranty/s deposits to custody or confirm default; then
3rd Settle = Xchange, prior to 28-day
Service Period expiration, Xchange to disburse funding less any
applicable (10±%) amounts per below Service Terms & Conditions and any 3rd party payments:
- 100% of guaranty face amount funding to Service Buyer; OR
- Default pay/refund cash Service Fee balance.
Service Terms & Conditions:
Service Parties to establish a Memo of Understanding
(MoU); then Service Buyer to pay — USDollar (USD) Service Costs of $25-Thousand if 'after PoG' , or $50±Thousand 'before PoG' or to leverage Service Fee — in response to Service Attorney conditional commitment to facilitate a Bank Trust-Escrow (Xchange)
Agreement effective with the MoU and following Terms & Conditions:
- Service Fee = Xchange pay from Service Buyer escrow deposit to Service Seller at closing — PoF after PoG = 1% of PoG (minimum $150-Thousand) or PoF before PoG = 5±% of PoG (minimum $300±Thousand).
Transaction Fee = Xchange pay from Service Buyer funding proceeds per Service Seller instructions —
Transaction Cost = Xchange pay from Service Buyer USD funding; any Costs due or to reimburse Service Fee paid costs. If default, pay transaction costs from Service Fee.
3rd Party charges = from Service Buyer proceeds;
per Service Buyer instructions; and agreed between service
- Rollover Fee = Xchange pay from Service Buyer funding to Service Seller — 1% ($125-Thousand minimum) of the face amount of the Pay Guaranty for any & each exchange/event after initial/first 3rd party transaction settle.
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; then if Service Seller Guarantor 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, change, or Service Period expiration.
Performance is assured – see About Us.
For Accredited or Sophisticated Service Buyers Only
Subject to change.