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

 

Advertisement