This procedure is carried out by Cayman Corporation, it is a demonstrative summary of the provision that our team takes in order to give transparency and predictability to your investments
1.- Personalized analysis and evaluation 2.- Presentation of documentation 3.- Düe Diligence and Verification of assets 4.- Options available to block assets 5.- Contact of the program manager 6.- Signing of the commercial contract * Note: Audited financial operation
1.- Analysis and personalized evaluation Our team of economists and lawyers will be at all times responsible for advising client in a detailed and personalized way. Depending on the client's assets, each the case will be studied independently and the best way to proceed with Cayman Corporation will be proposed
The key intention to complete the operation successfully. Advice at all stages of the process: from the explanation of this type of opportunity and how yields increase to required bank and corporate documentation that the client must provide to be presented later in the Merchants Office. Possibility of holding any type of face-to-face meeting in Madrid (Spain) or, if not possible, traveling to the city where the investor is. This last option will be available. depending on the characteristics of the clients' assets.
. 3.- Due Diligence and Asset Verification: Once the transaction is presented at the merchant's office, we will immediately proceed to the verification of the assets and the realization of the "Diligence Düe" (in study for acceptance) of the client and the presented assets. The client must not be connected to the mafia, drug trafficking, weapons or any other illegal activity. The asset must be good, clear, clean, with a non-criminal origin and must be freely available to the customer.
5.- Program manager contact Once the above queries are successfully completed, within a maximum of 48-72 hours, the program administrator or merchant will communicate directly with the customer by phone. The objective of this call, in addition to the formal presentation of the Program Manager, is inform the type of program to which the client will have access, the earnings and also agree on different possible ways to lock assets.
6.- Signing of a commercial contract After the client and the program administrator agree on the form of blocking and clarify each possible matter that may arise in the conversation, the client will be offered several options to sign the Commercial Agreement: Option 1.- Sign the Commercial Contract by email and later, when the The opening of the customer account takes place, the ratification of the negotiation The agreement will be made before the merchant. (Quick option) Option 2.- The client and the merchant agree on the day and time to sign the commercial contract at Cayman Corporation.
(This option is not available for all cases, since it will depend on the characteristics of the assets presented). * Note: Audited financial transaction: the investor will receive a monthly report from one of The World's Most Prestigious Audit Firms (PricewaterhouseCooper-PwC, Deloitte or Ernst & Young-EY) that will fully detail all the transactions made by the merchant and profit driven in each of them. 2.- Presentation of documentation The client must provide all the documentation required for the presentation of the Merchant office operation: * Establish compliance: after initial contact with the client and after studying the feasibility of the operation, the compliance set will be provided to the client (Set of documents) for its correct completion and signature. For greater efficiency and ease, our firm will complete 90% of the compliance package, so the client will simply need review it and proceed to sign it.
* Passport: DIN-A4 size and in any of the following formats: PDF, JPG, BMP or P * Active: proof of funds and all bank documents must be manually signed by two bank officials currently in charge of the customer's account. Electronic signatures do not to be accepted. In the case of documents that require verification by Euroclear system / DTCC, it will be essential to print all 12 pages. IMPORTANT: we do not accept any type of procedure that prohibits all bank-to-bank phone calls, as this is necessary to verify and ensure that we are dealing with a real signer of the account and that the funds and / or assets are not "leased".
4.- Available options to lock the assets: The investor will have to choose one of the following two options available to blockassets: * Swift MT-799 and MT-76:the customer's bank issues a Swift MT-799 advance notice and a Swift MT-760 locks up at the bank the merchant designates in the contract. The recipient of the MT-760 will be "the merchant's company". This option implies a higher cost for the customer, but it is the classic because it is more comfortable for the merchant. * Administrative withholding - Internal blocking: the client authorizes the merchant as a signatory Cayman Corporation to manage the account where the resources are deposited,EXCEPT to transfer funds from the account. Merchant intervention At the customer's bank, it will be solely and exclusively to request a letter to block the amount of funds invested. The client is the only authorized signer to move funds. Is The option is cheaper for the client, since it avoids the cost of issuing Swift and the waste of time involved in bureaucratic procedures, This option is only possible if the The customer account is a corporate account. In this case, the investor issues a corporate resolution for the merchant, allowing you to manage the account as CFO of the company. The corporate resolution must be notarized and your bank must accept in writing (signed by two bank officials) the merchant as the account signer. the The client indicates to his bank internally that the merchant is not authorized to make account transfers, so that the client can be sure that their funds will never be moved. The funds are not used as collateral, they do not move. * Issuance of a bank guarantee: if the client does not want the merchant to work from your account (or if it is a private and non-corporate account), or for those who they don't want to lock their funds, there's still a chance that they can instruct your bank to issue a BG with the merchant's company as the beneficiary, and have this BG confirmed by the speedy MT 799 and blocked by the MT 760, sent to the merchant's bank.
It is not a risk for the client. * Transfer the funds: the client transfers the funds to the merchant's account and will receive a bank guarantee for the same amount to protect and guarantee the funds. The customer sends a quick 103/23 and received a BG from the merchant. When the client receives the BG and his bank verifies the BG, the client releases the speedy 103/23. So There is no risk for the client. * Euroclear / DTCC: the investor must send all the pages of euroclear. Is The option will be available only if there are no communication restrictions. with the bank Full communication between bank officials should be possible. Yes there are some kind of restrictions, this option will not be available.