Private Placement Platforms and Programs- The Hardest Part of the Process

Private Placement Programs- The Hardest Part of the Process

The hardest thing about Private Placement Programs is following protocol and understanding that it is like no other business out there including the rules and procedures.  Potential clients are expected follow protocol period.  This is not to say that there will be no questions answered or asked.  The overall process is strait forward and the client is never asked to risk any money or put forth any money during the whole Private Placement Programs process.  What they are asked for is information regarding how they are going to enter into the program, how the funds where accumulated, and basic background information.  This is part of the compliance package that will be presented for admittance into the Private Placement Program.  What must also be remembered is that the vetting and compliance is done on the client, not the other way around.  These programs are private and by invitation only.  Vetting is done before hand on the client before they ever get to the platforms compliance department.  After the client has passed compliance (3-5 days), they receive a call from the platform directly. The platform does not speak with any brokers, but will pay them upon the client signing the contract and entering into a trade through weekly distributions.  The compliance process is quick and easy.  What they do is make sure that all of the information that is presented is correct and accurate, along with background checks, and sourcing of the funds.  It is also VERY important that the compliance package is filled out completely and “wet” signed in BLUE ink by the owner of the asset or funds.

The main points to realize are that:

• This is not like normal typical business transactions
• It is a privilege to enter into the program
• The client is vetted and expected to follow protocol
• This marketplace is strictly private and confidential
• All documents must be dated within 3 days of submission to the platform and all paperwork must be “wet” signed in Blue ink by the owner of the funds or asset…Period!

If you have any questions or comments, please feel more than free to contact me by email at tssprivateplacement@gmail.com or give me a call at 407-341-1162

 

Private Placement Platforms and Private Placement Programs

Private Placement Platforms and Private Placement Programs

I just wanted to write a little bit today about Private Placement Platforms and Private Placement Programs. Typically Private Placement Platforms and Private Placement Programs are used interchangeably, but they are not necessarily the same. Private Placement Platforms are a specific trading program that a platform operates. A Private Placement program can be the same thing, but can also mean what any program that is not available to the public. This brings Private Placement Programs under a much larger umbrella of investments, whereas Private Placement Platforms are very specific. Private Placement Platforms trade senior fresh cut debt which are Medium Term Notes (MTN’s ). The will contract with an individual investor and is pretty standardized with paperwork and protocols.

There are a few protocols that have come up in some of my recent dealings that are very important to adhere to. The first being that all documents must be “wet” signed in blue ink by the individual applying to be part of the program on the compliance docs. Scanned signatures do not work. The second is that all dates on all the documents must be new. 5 days is usually the max that is allowable. A lot of times anything past 3 days is considered old. This means that you get the hardest documents first, usually the ones that require bank signatures, before you sign the rest of the compliance documents. An example of this would be to have all the compliance documents filled out and then when you get your Proof of Funds (POF )Letter and/or your Ready Willing and Able (RWA) letter from the bank, you just date the compliance docs that you have already put the bulk of the information. Print them out, sign them, and send them in. This is pretty simple, but you would be surprised that people show docs that are dated over the course of a month and then act like they have submitted a valid compliance package. Dates and original signatures are very important in this business, and any other contracted business. Please keep this in mind whenever submitting a compliance package. Let me know if you have any additional questions. My email address is tssprivateplacement@gmail.com and my telephone number is below.

Have a great day!

 

Best Regards,

Ryan Drachenberg

tssprivateplacement@gmail.com

407-341-1162