About our Services.
Xchange to fulfill 3rd Party Transactions ―
3rd Party Transaction.
You have established, 3rd party transaction/s' to exchange performance
& payment — under condition — Xchange transaction confirms proof of funding (PoF/s)
before or after proof of payment &/ performance guaranty/s (PoG/s).
To fulfill your 3rd Party transaction obligations — Service Seller (USAsset) to provide funding of $1±Million
to $100+Million upon exchange of 3rd
The Service Seller Xchange services, 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
'email advice' of Service Buyer deposit-transfer of Service Fee; then within 5-days:
1st Proof = Xchange to issue 'before advice' of Guarantor/s Conditional Commitments of funding (PoF/s) or performance &/ payment guaranty/s (PoG/s) effective to settle; then within following 10-days —
Xchange to issue 'after advice' of Guarantor/s PoF or PoG response — then if effective to settle —
2nd Clear = Xchange to issue 'call advice' to transfer 'before' deposits; then if effective — call 'after' deposits:
*Guarantor = name, a address U.S.A. established bank/institution, with creditworthiness effective for purpose intended. *Guaranty = negotiable instrument/s, legally effective for certain performance &/ direct payment, at certain date/time. *Funds & Funding = 60±% USDollars &/ 40±% Guaranty/s.
3rd Settle = then prior to 28-day Service Period expiration, Xchange to disburse guaranty face amount funding to Service Buyer — less any applicable (10±%) amounts per below
Service Terms & Conditions.
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' — 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 —
- PoF after PoG = 12% for 1-year or 6% for initial 28-days plus 1% for each 28-day service period added for either option — ($250-Thousand minimum); or
- PoF before PoG = 18% for 1-year or 9% for initial 28-days plus 1.5% for each 28-day service period added for either option — ($500-Thousand minimum).
Transaction Cost = Xchange pay from Service Buyer USD funding; any Costs due or to reimburse Service Fee paid costs.
3rd Party Charges = Xchange pay from Service Buyer funding; per Service Buyer instructions; and agreed between service parties.
- 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 settled.
Default occurs if Service Parties fail to make/cause legally
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 defaults; then if Service Seller 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.