© 2019 by Multistream International Pty. Ltd. 

Corporate One

Level 15, 2 Corporate Court, Bundall

Queensland 4218

TEL: (+61) 0459-208-798

Mid Term Note Monetization (MTN)

ROAD MAP

 
Complete Non Recourse Monetization of Mid Term Note (MTN)
We offer 3 Monetization settlement methods:

1. Bank SWIFT - We use the Bank SWIFT Network to have the Mid Term Note (MTN) delivered Bank to Bank using SWIFT MT799 followed by SWIFT MT760.

2. Euroclear - We use the Euroclear Network because the Euroclear settlement process is fast, transparent and uses the Free Euroclear Delivery process so Clients DO NOT incur any SWIFTING FEES or Delays. Euroclear is a well established European financial transaction settlement network that was founded in 1968 by JP Morgan and continues to operate successfully employing over 3500 people today.

3. DTCC - On some deals we now also accept delivery of the  Mid Term Note (MTN) by DTC also known as DTCC (The Depository Trust & Clearing Corporation). The advantage of DTC is that clients using this process to deliver a  Mid Term Note (MTN) DO NOT incur bank SWIFTING FEES. DTC is a well established International business that was founded in 1999 and in 2015 was recorded as settling 1.5 Quadrillion Worldwide making its the highest value securities settlement processor in the world.

Mid Term Note Monetization (MTN)

Multistream International's Monetization services are ideal for clients looking to Discount, Monetize, or create an immediate Non Recourse loan against a Mid Term Note (MTN) that they own. The Monetization process for Mid Term Note (MTN) issues Non Recourse funds to the Client shortly after the Mid Term Note (MTN) is delivered to the Monetizer.

Important: Our contracts also include the monetizer returning the Mid Term Note (MTN) to the original owner or Issuing bank 15 days prior to the Mid Term Note (MTN) expiration or after 1 calendar year (whichever the client prefers). We can also complete the Mid Term Note (MTN) transaction using Screen, Block and Pay on the Euroclear or SWIFT Networks if requested by the client.

Monetization LTV:
  • Mid Term Note (MTN) - 60% to 80% Non Recourse

Estimated Completion Time:
  • 7 to 14 Days after all documents are signed and verified or 3 to 4 Days After Instrument Delivery on the SWIFT or Euroclear Networks.

  • Sometimes because of the size of Mid Term Notes (MTN) the Monetizer will give clients two options:

    • A one off 60% LTV Non Recourse Payment on delivery of the Mid Term Notes (MTN), OR

    • 3 Split Payments Totaling a 80% LTV over a 6 or 8 week period.

Closing Process - SWIFT
  1. After execution of the monetization contract by both parties the Client will instruct his bank to send SWIFT MT799 to the bank coordinates provided by the Monetizer.

  2. The Monetizers bank on receipt of the SWIFT MT799 from the clients bank will reply with a SWIFT MT799.

  3. On receipt of the Monetizers bank SWIFT MT799 the Clients bank will deliver the Mid Term Note (MTN) by SWIFT MT760 to the Monetizers bank.

  4. Upon receipt, confirmation and delivery of the SWIFT MT760 the Monetizer will within maximum four (4) banking days grant a Non Recourse Loan for the LTV as agreed from its nominated bank to the Client.

  5. The Monetizer agrees to return the Mid Term Note (MTN) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.

Closing Process - Euroclear:
  1. After execution of the monetization contract by both parties the Client will instruct his bank to assign the Mid Term Note (MTN) using FREE Euroclear Delivery to the bank coordinates provided by the Monetizer.

  2. The Clients Banker shall immediately email a certified Euroclear execution receipt of the Mid Term Note (MTN) delivery to the Monetizer.

  3. Upon receipt and confirmation of the Euroclear assignment and delivery, the Monetizer will within maximum three (3) banking days grant a Non Recourse Loan for the LTV as agreed from its nominated bank to the Client.

  4. The Monetizer agrees to return the Mid Term Note (MTN) unencumbered fifteen (15) calendar days before the 1 year anniversary of the signed contract between the parties.

Example:

The Mid Term Note (MTN) is issued with a Value of: $100,000,000,000.00

The Mid Term Note (MTN) is Monetized Non Recourse at 80% LTV being: $80,000,000,000.00 

The Client is paid $80,000,000,000.00

YES - IT'S THAT EASY!

Contact us today to find out more information or to receive the MTN Monetization Application.

Contact Us

Level 15, 2 Corporate Court,
Bundall, Queensland Australia

 info@multistream.com.au  |  Tel: 0459-208-798

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