EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
Copyright  EUROPEAN STANDARD BANK, 2012 (further abr. ESB)
Panama City, Republic of Panama
http://www.esbank.org
To whom it may concern
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Date of certificate issued: 04-12-2010
ASSETS-BASED LOAN
for trade by Clearing and Settlement
initially issued to ESB account number 0000 0000 0000 0000 0000
[and
further transferred to the ESB account number 0000 0000 0000 0000 0000]
based on the next assets financial characteristics and properties of
Loan and Assets:
Some Term Definitions:
An algorithm - is a specific set of instructions for carrying out a procedure or solving a
problem, usually with the requirement that the procedure terminate at some point.
Specific algorithms sometimes also go by the name method, procedure, or technique.
Asset Back Lending ("ABL") - typically provides collateralized credit facilities to
borrowers with high financial leverage and marginal cash flows.
An Asset-Based Loan - is a loan, secured by a company's assets. Real estate, accounts
receivable (A/R), inventory, and equipment are typical assets used to back the loan. The
loan may be backed by a single category of assets or some combination of assets, for
instance, a combination of A/R and equipment.
A bank run (also known as a run on the bank) - occurs in a fractional reserve banking
system when a large number of customers withdraw their deposits from a financial
institution at the same time and either demand cash or transfer those funds into
government bonds or precious metals or a safer institution because they believe that the
European Standard Bank Officer’s signature _____________________________
1
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
2
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
financial institution is, or might become, insolvent. As a bank run progresses, it generates
its own momentum, in a kind of self-fulfilling prophecy (or positive feedback loop) – as
more people withdraw their deposits, the likelihood of default increases, thus triggering
further withdrawals. This can destabilize the bank to the point where it runs out of cash
and thus faces sudden bankruptcy.
A banking panic or bank panic is a financial crisis that occurs when many banks suffer
runs at the same time, as people suddenly try to convert their threatened deposits into
cash or try to get out of their domestic banking system altogether. A systemic banking
crisis is one where all or almost all of the banking capital in a country is wiped out. The
resulting chain of bankruptcies can cause a long economic recession as domestic
businesses and consumers are starved of capital as the domestic banking system shuts
down. Much of the Great Depression's economic damage was caused directly by bank
runs.
Bookkeeping - is to be understood in the context of a business. It is simply the recording
of financial transactions. Transactions include purchases, sales, receipts and payments by
an individual or organization. Bookkeeping is usually performed by a bookkeeper. Many
individuals mistakenly consider bookkeeping and accounting to be the same thing. This
confusion is understandable because the accounting process includes the bookkeeping
function, but is just one part of the accounting process. The accountant creates reports
from the recorded financial transactions recorded by the bookkeeper and files forms with
government agencies. Any process that involves the recording of financial transactions is
a bookkeeping process. (http://en.wikipedia.org/wiki/Bookkeeping).
Clearing - The procedure by which an organization acts as an intermediary and assumes
the role of a buyer and seller for transactions in order to reconcile orders between
transacting parties. Clearing is necessary for the matching of all buy and sell orders in the
market. It provides smoother and more efficient markets, as parties can make transfers to
the clearing corporation, rather than to each individual party with whom they have
transacted. (www.investopedia.com). In banking and finance, clearing denotes all
activities from the time a commitment is made for a transaction until it is settled. Clearing
is necessary because the speed of trades is much faster than the cycle time for completing
the underlying transaction.
In its widest sense clearing involves the management of post-trading, pre-settlement
credit exposures, to ensure that trades are settled in accordance with market rules, even if
a buyer or seller should become insolvent prior to settlement.
Processes included in clearing are reporting/monitoring, risk margining, netting of trades
to single positions, tax handling, and failure handling.
(http://en.wikipedia.org/wiki/Clearing_(finance))
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
3
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
Depreciation - A method of allocating the cost of a tangible asset over its useful life.
Businesses depreciate long-term assets for both tax and accounting purposes. For
accounting purposes, depreciation indicates how much of an asset’s value has been used
up. For tax purposes, businesses can deduct the cost of the tangible assets they purchase
as business expenses; however, businesses must depreciate these assets in accordance
with IRS rules about how and when the deduction may be taken based on what the asset
is and how long it will last.
EUROPEAN STANDARD BANK – Panamian non-licensed financial institution
functioning from 2004 in accordance with Panamian Law and have permission for this
activity up to 2104 year, acting independently and jointly under licensed panamian nonoffshore financial legal entity ESB Monetary SA and providing electronic currency
fasility (online electronic bookkeeping system) for lended funds intrabanking transactions
based on financial technology created by Swiss bank «Wir», (www.wir.ch) for CHW
currency. European Standard Bank is not partner and is not affiliate of Swiss Bank Wir or
any other financial institution in the World. European Standsrd Bank provide his service
exclusively for his owners, shareholders and their business partners. This service in not
available foe general public.
Financial Leverage - (sometimes referred to as gearing in the United Kingdom, or
solvency in Australia) is a general term for any technique to multiply gains and
losses.Common ways to attain leverage are borrowing money, buying fixed assets and
using derivatives.
Insolvency - is the inability of a debtor to pay their debt. Cash flow insolvency involves a
lack of liquidity to pay debts as they fall due. Balance sheet insolvency involves having
negative net assets—where liabilities exceed assets. Insolvency is not a synonym for
bankruptcy, which is a determination of insolvency made by a court of law with resulting
legal orders intended to resolve the insolvency.
Liquidity - The degree to which an asset or security can be bought or sold in the
market without affecting the asset's price. Liquidity is characterized by a high level
of trading activity. Assets that can be easily bought or sold are known as liquid
assets. By others words, liquidity is the ability to convert an asset to cash quickly.
Also known as "marketability".
Recursion – (In mathematic and programming) an algorithmic technique where a
function, in order to accomplish a task, calls itself with some part of the task. In finance
and lending Recursion can enhance loan security across all realms (including security of
Lender and Beneficiary of lended funds [Seller in deals with payment by lended funds]),
in many cases transforming it into a competitive advantage. Using Recursion in lending
allowing for our customers to benefit from reduced demands for market value of own
assets they provide as collateral for obtaining loan and provide collective knowledge and
understanding of security for each Beneficiary of lended funds in any transactions.
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
4
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
a Settlement - is a resolution between disputing parties about a legal case, reached either
before or after court action begins. A settlement, as well as dealing with the dispute
between the parties is a contract between those parties, and is one possible (and common)
result when parties sue (or contemplate so doing) each other in civil proceedings. The
plaintiff(s) and defendant(s) identified in the lawsuit can end the dispute between
themselves without a trial.
The contract is based upon the bargain that a party foregoes its ability to sue (if it has not
sued already), or to continue with the claim (if the plaintiff has sued), in return for the
certainty written into the settlement. The courts will enforce the settlement: if it is
breached, the party in default could be sued for breach of that contract. In some
jurisdictions, the party in default could also face the original action being restored.
The settlement of the lawsuit defines legal requirements of the parties, and is often put in
force by an order of the court after a joint stipulation by the parties. In other situations (as
where the claims have been satisfied by the payment of a certain sum of money) the
plaintiff and defendant can simply file a notice that the case has been dismissed.
(http://en.wikipedia.org/wiki/Settlement_(litigation)).
Clearing and Settlement historically proved solution for businesses in Financial
Crisis of 2008 – 2023++ years
The term financial crisis is applied broadly to a variety of situations in which some
financial institutions or assets suddenly lose a large part of their value. In the 19th and
early 20th centuries, many financial crises were associated with banking panics, and
many recessions coincided with these panics. Other situations that are often called
financial crises include stock market crashes and the bursting of other financial bubbles,
currency crises, and sovereign defaults. Financial crises directly result in a loss of paper
wealth; they do not directly result in changes in the real economy unless a recession or
depression follows.
Many economists have offered theories about how financial crises develop and how they
could be prevented. There is little consensus, however, and financial crises are still a
regular occurrence around the world.
Several major financial institutions either failed, were bailed-out by governments, or
merged (voluntarily or otherwise) during the crisis. While the specific circumstances
varied, in general the decline in the value of mortgage-backed securities held by these
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
5
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
companies resulted in either their insolvency, the equivalent of bank runs as investors
pulled funds from them, or inability to secure new funding in the credit markets.
Losses on mortgage-backed securities and other assets purchased with borrowed money
have dramatically reduced the capital base of financial institutions, rendering many either
insolvent or less capable of lending.
These losses impacted the ability of financial institutions to lend, slowing economic
activity.
slowing economic activity, by other word a recession in basic terms. It is when the
economy slows down. It is when people stop buying/selling/trading. The economy is the
over all general money in a way and when it "slows down" the money gets lesser and
everyone gets poorer.
Economy means the system of production and distribution and consumption so when
there is slow economic activity there is less of all of those.
A period of slow economic activity is an amount of time where there is less production,
distribution, and consumption. Generally causing a lack of money.
The Great Depression was a recession in the USA and there was a lack of money because
there was a lack of the system of production and distribution and consumption.
«Most of the world's largest economies are heading for a period of slower growth, and it
is increasingly likely that the U.S. will share that fate, according to the Organization for
Economic Cooperation and Development's composite leading indicators.» - wrote in
2011 PAUL HANNON in “The Wall Street Journal”. And most economists predict crisis
period 2008-2023++ years.
According to the Chicago Fed's National Activity Index, September 2012 economic
activity slowed from the previous month, now at -0.56. The indicator has been negative
(meaning below-trend growth) for six of the past eight months, and the all-important 3month moving average has been negative for all eight of those months and 21 of the last
27 months.
“Entering the final quarter of the [2012] year, domestic and global economic conditions
are extremely fragile. Across the globe, countries are in outright recession, and in some
instances where aggregate growth is holding above the zero line, manufacturing sectors
are contracting. The only issue left to determine is the degree of the downturn underway.
International trade is declining, so weaknesses in different parts of the world are
reinforcing domestic deteriorations in economies continents away…
New government initiatives have been announced, particularly by central banks, in an
attempt to counteract deteriorating economic conditions. These latest programs in the
U.S. and Europe are similar to previous efforts. While prices for risk assets have
improved, governments have not been able to address underlying debt imbalances. Thus,
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
6
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
nothing suggests that these latest actions do anything to change the extreme overindebtedness of major global economies. “ – wrote Van R. Hoisington Lacy H. Hunt,
Ph.D.
Despite scattered signs of improvement, the world economic situation and
prospects continue to be challenging. After a marked slowdown in 2011, global
economic growth will likely remain tepid in 2012, with most regions expanding at a pace below potential. In the face of subdued growth, the jobs crisis
continues, with global unemployment still above its pre-crisis level and unemployment in the euro area rising rapidly. The risks to the global outlook are tilted
to the downside. The euro area debt crisis remains the biggest threat to the
world economy. An escalation of the crisis would likely be associated with severe
turmoil on financial markets and a sharp rise in global risk aversion, leading to
a contraction of economic activity in developed countries, which would spill
over to developing countries and economies in transition. A further sharp rise
in global energy prices may also stifle global growth. National and international
concerted policies should be enacted on multiple fronts in order to break out
of the vicious cycle of deleveraging, rising unemployment, fiscal austerity and
financial sector fragility in developed economies. Breaking this cycle requires
policy shifts away from fiscal austerity and towards more counter-cyclical fiscal
stances oriented to job creation and green growth. These policies need to be
better coordinated across the major economies and concerted with continued
expansionary monetary policies in developed countries, and accompanied by
accelerated financial sector reforms and enhanced development assistance for
low-income countries. [1]
Although your small business may not be in the national spotlight or have a public
relations guru of its own to consult, no company is too small for a crisis. From
bankruptcy to disgruntled customers or employees seeking revenge, even a mom-and-pop
should be prepared to handle the fundamentals of crisis management.
Small and medium size businesses often don’t realize they are facing a potential crisis
until they are already in too deep, risking their credibility and support.
Small businesses or sole proprietors won’t make any changes in their business activity
until they’re on a ledge. It’s not until they realize that something really bad has happened.
Just like couples who marry without prenuptial agreements or those who chose not to
plan their estates, businesses that are unprepared often face consequences that could have
been easily prevented.
They wish for the best and hope that nothing happens. So many times, a person will walk
outside into a ‘crisis’ situation, and they look like a deer in the headlights because they
have no preparation for this.
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
7
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
Here are the three fundamentals every small and medium size business should practice in
order to be prepared for a potential crisis of any measure.
No. 1: Define your core values. No matter how small your business is, determining your
set of core values is key, and can potentially save you in a crisis situation.
“If a crisis takes place, at least you know what your core values and vision are, and know
it was always your intention to run the business ethically. If your first platform is wanting
to do good in the community, and something goes wrong, you will have allies and
constituents [to support you].”
No. 2: Ability to collaborate. Build relationships and share the core values you have
determined for your company. Extending your relations with business partners and
obtaining new business partners World Wide and working well with them can go a long
way and will help you, especially if you get into hot water. Co-operative principles and
Legal Entities with will be suitable in this case. Especially financial services based.
No. 3: Link your business to additional payment system. Select one of the oldest
alternative payment system which was verified by long time and survived in multiple
crisis situations.
Let’s look at two historically proved crisis management solutions and approaches.
History of Clearing and Direct Settlement from 1733 year
One of the oldest and most basic clearing methods was termed “direct settlement” and
can be traced back to 1733 with the trading of metal warrants of the East India Company.
Direct settlement dictated that each trader wanting to offset a trade or group of trades, his
“position,” had to do so with each trade’s original counterparty. This was a cumbersome
and inefficient practice.
Disputes between traders were common at that time and were resolved through expensive
court proceedings that made it difficult for some to participate in the markets. The need
for an impartial body to inexpensively arbitrate disputes gave rise to trading associations.
These associations were organized around common products and/or geographic locations.
Membership was not mandatory, but associations were nevertheless effective in bringing
some order to the chaos of these early markets.
In England, the Liverpool Association used direct settlement. Traders in Liverpool
bought and sold what were then termed “to arrive” contracts on cotton. While initially
successful, direct settlement was both inefficient and ineffective during volatile periods
such as the 1860s with the wild commodity speculation that occurred as a result of the
U.S. Civil War. To help prevent nonperformance of contracts, steps were taken by the
Liverpool Association to make the contracts more fungible, or interchangeable, through
the standardization of contract terms.
Through time, direct settlement evolved to provide more security for market participants
through the inclusion of provisions that called for margin deposits, a sort of collateral,
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
8
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
and suspension of trading privileges or expulsion from the exchange upon contract
nonperformance.
With the organization of trading associations and increased contract fungibility, direct
settlement proved to be a fairly effective system. However, as worldwide trading volume
increased toward the end of the 19th century, there was a need for a more flexible
settlement method. It was determined that the best way to do this was to allow
participants to close trading positions without having to do so with their original
counterparties.
The system that developed was termed “ring settlement.” Under this system, “rings” of
buyers and sellers were linked together to settle their accounts. This was a major step
toward the multi-party clearing system used by The Clearing Corporation today. As an
example of “ringing,” Adams sells to Brooks who sells to Campbell who sells to Adams.
Adams’ trading position is even, as the original sale to Brooks is negated through the
purchase from Campbell. By not limiting trades to original counterparties, simultaneous
contract settlement was made possible.
The benefits of ring settlement were numerous. Settlements for large volumes of
contracts could occur instantly, the costs of maintaining an open position were lowered
and, most importantly, counterparty risk was diminished.
In the history of the world’s financial markets, perhaps no single entity has had a greater
impact on the safety and soundness of the clearing process than The Clearing Corporation
(CCorp). Based on a tradition of independence, integrity, and innovation, The Clearing
Corporation has established itself as the model for the majority of the world’s
clearinghouses.
September 3, 1925 is among the most important dates in the history of the futures
industry. It was on that day, more than 85 years ago, that the Board of Trade Clearing
Corporation, now named The Clearing Corporation, was founded by the Chicago Board
of Trade (CBOT®) membership.
The Clearing Corporation is one of the oldest independent clearinghouses in the world. It
has not only survived, but flourished, through the Great Depression and periods of
recession, war, and rapid technological and economic change. Its world-class standing
has been and will continue to be built upon three fundamental concepts: Independence,
Integrity, and Innovation.
The importance of its independence as a corporate entity cannot be overestimated. This
quality has allowed The Clearing Corporation to make objective decisions during periods
of substantial stress with one goal in mind– financial integrity for the clearing and
settlement process.
Integrity goes hand-in-hand with independence. Clearing members know that The
Clearing Corporation makes decisions based on safety and soundness for the marketplace
and nothing else. [4]
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
9
BUSINESS LOAN CERTIFICATE
Last update date:
Certificate Unique Registration ESB number: 0836367876
03/01/2013
Positive experience of Swiss Bank Wir
Clearing system of Swiss Bank Wir was based on experience of Clearing Corporation
started 10 years before was additional step forward in Clearing systems development fo
fight negative phenomenas of financial crisis. From 1934 Swiss Co-operative «Wir»,
previously formed as aconomic Circle made miracle in finanacial theory and practice.
Fusion of bookkiping system, clearing, and Assets Based Landing in one Lending system
based on electronic CHW currency with intrabanking only loan transfer facility provided
during last 75++ years possibility obtain finance for small and medium businesses. More
than 60 000 businesses obtained finance during this period of time (1934-2012). In 2010
year turnover of Swiss bank Wir grow up to 6 billion CHF. But all started from small
economic Circle of 15 members only. Today its largest financial institution around the
Switzerland, which provide such type of financing for businesses located in Switzerland
only with collateral also located in this country. From 2004 the same service became
available for international customer who use the same financial technology with
panamian financial institution European Standard Bank.
Please note, there is significant difference between clearing of Clearing Corporation and
clearing system of Bank Wir (European Standard Bank).
#
1
1
Assets for clearing
transactions
2
Regulation of clearing
3
Clearing model based on:
4
Clearing method
Clearing
Corporation
Bank Wir
2
3
Commodities
Markets
Contracts,
Agreecultural
Contracts,
Energy
Contracts, etc.
Non –
regulated
European
Standard
Bank
4
Commodities
Markets
Contracts,
Agreecultural
Contracts,
Energy
Contracts, etc.
Non –
regulated
independence,
integrity, and
innovation
Direct
Settlement,
ring settlement
independence,
integrity, and
innovation
Direct
Settlement,
ring settlement
Futures
Contracts,
Options
Contracts, 60
Currency Pairs
Regulated by the
Commodity
Futures Trading
Commission
(CFTC)
independence,
integrity, and
innovation
Direct
Settlement, ring
settlement,
modern open-
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
10
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
5
6
7
8
9
Trading without intent to
receive or make delivery
Time in clearing business
Electronic Clearing
Plateforms
Last update date:
outcry, complex
multi-party
settlement
YES
From 1925
ACT™, OTIS,
GAINS, ATOM,
TEAM®,
SHAMIS™
Is risk of loss for participants YES
of clearing covered ?
Source of funds for clearing Reserve Fund
risk coverage
created by
participants
03/01/2013
NO
NO
From 1934
Online, web
browser
integrated
From 2004
Online, web
browser
integrated
YES
YES
Clearing
transactions of
ring of
participants
backed by
assets of
Borrower
10 Liquidation value of
clollateral (guarantee) of
clearing in time duration
Unchangeable
Decrease (Due
to depreciation
if in use)
11 Are clearing funds
transferrable outside clearing
financial institution ?
12 Can clearing participants
obtain clearing funds as cash
?
13 Are clearing funds
applicable for pay salary and
simillar expenses in business
of clearinf participants ?
14 Possibility borrow clearing
funds as long term Loan
15 Law applicable in clearing
No
No
Clearing
transactions of
ring of
participants
backed by
assets of
Borrower plus
backed
recursively
Increase
(because assets
are substituted
with money)
No
No
No
No
No
No
No
No
Yes
Yes
USA
Switzerland
Panama
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
11
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
16 Clearing Guarantee Assets
Holder/Territory
Clearing
Bank Wir/
Corporation/USA Switzerland
United States
Corporation/
Territory of
Borrower's
Country
17 Clearing technology
considering assets
depreciation
No
No
Yes
18 Responsible for Funds
Holding for assets recovery
19 If we use Clearing financial
technology and using
clearing platforms have
these services bank notes,
which covering clearing
transactions ?
Nobody
Borrower
No
No
YES, European
Standard Bank
No
20 Are any limitations what I
can purchase by clearing
with clearing funds ?
Yes, only
prederminited
and standartized
contracts
No, any
contract with
any assets are
allowed
No, any
contract with
any assets are
allowed
This documents is certificate for one of such Loan issued for international Borrower,
and below are detailed description of this Loan in accordance impemented Swiss
Bank's finanacial technology for international customers.
1. European Standard Bank’s Loan Characteristic:
Loan currency: USD
Loan amount: 00000
Data of loan issued: 24-12-2009
Data of Loan Repayment: 24-12-2024
Interest Rate per year (%): 7
Loan type (secured/unsecured): secured
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
12
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
Loan Collateral: Promissory Note
Promissory Note (secured/unsecured): secured
Promissory Note Collateral: Borrower’s owned assets plus assets acquired and paid with
this Loan
Special conditions: 1) Loan amount equal 000000 gram of 99.99999 purity Finest Gold
and Loan amount will be returned in amount which will provide possibility purchase the
same amount of gold.
2) Financial Technology contain 2 financial solutions :
- Recursive Algorithm of Collateral Creation (RACC)
&
- Dynamically Growing Assets Liquidity Value (DGALV).
2. Characteristics of Promissory Note Collateral {or determination of Dynamically
Growing Assets Liquidity Value (DGALV)}:
Date of Promissory Note issued: 24-12-2009
Date of Promissory Note redemption: 24-12-2024
A. BORROWER’S OWNED ASSETS PROPERTIES (OBTAINED BEFORE
LOAN HAS BEEN GRANTED):
Country of assets Location: Russian Federation
City (Cities) of assets Location: Moscow
Owner of assets is (private person/legal entity): Legal Entity
Citizenship for private person or country of incorporation for legal entity: Russian
Federation
ASSETS VALUATION:
Assets market value, currency: $578987.00/=
Average Term of Sale for above market value (Days): 60
Assets liquidation value, currency: $278987.00/=
Average Term of Sale for above liquidation value (Days): 14
European Standard Bank Officer’s signature _____________________________
(http://www.esbank.org),
EUROPEAN STANDARD BANK
13
(Proforma-Specimen)
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
ASSETS DEPRECIATION:
Assets structure Table 1. (Table of Class Lives and Recovery Periods, based on Publication 946
(2011), IRS, USA):
#
1
Asset
class
2
Description of assets included
3
Class
Life
(in
years)
4
Recovery
Periods
(in years)
GDS
ADS
Notes
(MACRS)
5
6
7
Where depreciation will be paid: To account number 0000 0000 0000 0000 00000 00000
of financial institution European Standard Bank
Is account with depreciation funds blocked for commercial use (y/n): YES
Frequency of depreciation will be transferred to above account (monthly/quartally/per
half year/yearly): yearly
Grace period for calculation and pay depreciation costs (years): 2
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
14
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
Collateral Keeping before liquidation:
Collateral Keeper Name: Global American Syndicate
Collateral Keeper Registration number:
Collateral Keeper incorporation address (for Legal Entities): _________
Collateral Keeper postal address: _________
Assets keeping under personal responsibility of (Name, Surname): Adam Smith
Contact of assets keeping person (Email/Phone/Fax/Web): tytytu@gmail.com,
+7847657587
Preferable language of contact with assets keeping person: russian
Collateral Kipper Agree above information will be published and used by potential assets
supplier, their auditors, lawyers, attorneys, etc.
COLLATERAL INSURANCE:
Assets insured (y/n): yes
Insurance company (name, country): Trade Insur Inc., Russia
Insurance company address: _________________________________
Insurance company contact (country, city, street, Email/Phone/Fax):
Insurance company contact person: ___
Insurance policy number and date: 754676, 24-09-2010
Insured amount, currency: 54567.00/= USD
Insurance policy start date:
Insurance policy end date:
Insurance policy coverage: risk of steel, etc.
Governing Law in Case of collateral liquidation (stage of alienation): Russian Federation
COLLATERAL HOLDER (in accordance with Investment Agreement):
Collateral Holder acting in accordance with Agreement (Number and date): ______
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
15
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
Promissory Note Collateral (assets) Holder is (private person/legal entity): Legal Entity
Collateral holder’s Citizenship for private person or Country of incorporation for legal
entity: United States of America
Governing Law in Case of collateral liquidation (stage of sales): USA
Collateral Holder Name: Global American Syndicate
Collateral Holder Registration number: 991072935 - 3009197
Collateral Holder postal address: Global American Syndicate, #207-1425 Marine Drive, West
Vancouver, B.C., Canada, V7T1B9
Collateral Holder Email address: gasdirect@gmail.com
Additional notes (optional): ____
B. PREVIOUSLY PURCHASED ASSETS PROPERTIES (AFTER LOAN HAS
BEEN GRANTED) WITH LOAN FUNDS UTILIZATION (NON RECURSIVE
ALGORITHM OF COLLATERAL CREATION):
Country of assets Location: Russian Federation
City (Cities) of assets Location: Moscow
Owner of assets is (private person/legal entity): Legal Entity
Citizenship for private person or country of incorporation for legal entity: Russian
Federation
ASSETS VALUATION:
Assets market value, currency: $578987.00/=
Average Term of Sale for above market value (Days): 60
Assets liquidation value, currency: $278987.00/=
Average Term of Sale for above liquidation value (Days): 14
ASSETS DEPRECIATION:
Assets structure Table 2. (Table of Class Lives and Recovery Periods, based on Publication 946
(2011), IRS, USA):
#
Asset
class
Description of assets included
Class
Life
(in
Recovery
Periods
(in years)
GDS
ADS
(MACRS)
European Standard Bank Officer’s signature _____________________________
Notes
(http://www.esbank.org),
EUROPEAN STANDARD BANK
16
(Proforma-Specimen)
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
years)
1
2
3
4
5
6
7
Where depreciation will be paid: To account number 0000 0000 0000 0000 00000 00000
of financial institution European Standard Bank
Is account with depreciation funds blocked for commercial use (y/n): YES
Frequency of depreciation will be transferred to above account (monthly/quartally/per
half year/yearly): yearly
Grace period for calculation and pay depreciation costs (years): 2
Collateral Keeping before liquidation:
Collateral Keeper Name: Global American Syndicate
Collateral Keeper Registration number:
Collateral Keeper incorporation address (for Legal Entities): _________
Collateral Keeper postal address: _________
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
17
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
Assets keeping under personal responsibility of (Name, Surname): Adam Smith
Contact of assets keeping person (Email/Phone/Fax/Web): tytytu@gmail.com,
+7847657587
Preferable language of contact with assets keeping person: russian
Collateral Kipper Agree above information will be published and used by potential assets
supplier, their auditors, lawyers, attorneys, etc.
COLLATERAL INSURANCE:
Assets insured (y/n): yes
Insurance company (name, country): Trade Insur Inc., Russia
Insurance company address: _________________________________
Insurance company contact (country, city, street, Email/Phone/Fax):
Insurance company contact person: ___
Insurance policy number and date: 754676, 24-09-2010
Insured amount, currency: 54567.00/= USD
Insurance policy start date:
Insurance policy end date:
Insurance policy coverage: risk of steel, etc.
Governing Law in Case of collateral liquidation (stage of alienation): Russian Federation
COLLATERAL HOLDER (in accordance with Investment Agreement):
Collateral Holder acting in accordance with Agreement (Number and date): ______
Promissory Note Collateral (assets) Holder is (private person/legal entity): Legal Entity
Collateral holder’s Citizenship for private person or Country of incorporation for legal
entity: United States of America
Governing Law in Case of collateral liquidation (stage of sales): USA
Collateral Holder Name: Global American Syndicate
European Standard Bank Officer’s signature _____________________________
(http://www.esbank.org),
EUROPEAN STANDARD BANK
18
(Proforma-Specimen)
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
03/01/2013
Last update date:
Collateral Holder Registration number: 991072935 - 3009197
Collateral Holder postal address: Global American Syndicate, #207-1425 Marine Drive, West
Vancouver, B.C., Canada, V7T1B9
Collateral Holder Email address: gasdirect@gmail.com
Additional notes (optional): ____
C. FUTURE PURCHASE ASSETS PROPERTIES WITH LOAN FUNDS
UTILIZATION (RECURSIVE ALGORITHM OF COLLATERAL CREATION):
Country of assets future Location: Russian Federation
City (Cities) of assets future Location: Moscow
Future owner of assets is (private person/legal entity): Legal Entity
Future owner’s citizenship for private person or country of incorporation for legal entity:
Russian Federation
FUTURE PURCHASE ASSETS VALUATION:
Future purchase assets market value, currency: $578987.00/=
Future purchase assets Average Term of Sale for above market value (Days): 60
Future purchase assets liquidation value, currency: $278987.00/=
Future purchase assets average Term of Sale for above liquidation value in future (Days):
14
FUTURE ASSETS DEPRECIATION:
Future assets structure Table 3. (Table of Class Lives and Recovery Periods, based on Publication
946 (2011), IRS, USA):
#
1
Asset
class
2
Description of assets included
3
Class
Life
(in
years)
4
Recovery
Periods
(in years)
GDS
ADS
Notes
(MACRS)
5
European Standard Bank Officer’s signature _____________________________
6
7
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
19
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
Where depreciation of future purchase assets will be paid: To account number 0000 0000
0000 0000 00000 00000 of financial institution European Standard Bank
Will be account with depreciation funds blocked for commercial use (y/n): YES
Frequency of depreciation will be transferred to above account (monthly/quartally/per
half year/yearly): yearly
Grace period for calculation and pay depreciation costs (years): 2
Collateral Keeping before liquidation:
Future purchase assets as Collateral Keeper Name: Global American Syndicate
Future purchase assets as Collateral Keeper Registration number:
Future purchase assets as Collateral Keeper incorporation address (for Legal Entities):
_________
Future purchase assets Collateral Keeper postal address: _________
Future purchase assets will be located under personal responsibility of (Name, Surname):
Adam Smith
Contact of future purchase assets keeping person (Email/Phone/Fax/Web):
tytytu@gmail.com, +7847657587
Preferable language of contact with future purchase assets keeping person: russian
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
20
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
Future purchase assets as Collateral Kipper agree above information will be published
and used by potential assets supplier, their auditors, lawyers, attorneys, etc.
FUTURE PURCHASE ASSETS AS COLLATERAL INSURANCE:
Assets insured (y/n): yes
Insurance company (name, country): Trade Insur Inc., Russia
Insurance company address: _________________________________
Insurance company contact (country, city, street, Email/Phone/Fax):
Insurance company contact person: ___
Insurance policy number and date: 754676, 24-09-2010
Insured amount, currency: 54567.00/= USD
Insurance policy start date:
Insurance policy end date:
Insurance policy coverage: risk of steel, etc.
Governing Law in Case of future purchase assets as collateral liquidation (stage of
alienation): Russian Federation
Future purchase assets as COLLATERAL HOLDER (in accordance with Investment
Agreement):
Future purchase assets as Collateral Holder acting in accordance with Agreement
(Number and date): ______
Promissory Note Collateral (Future purchase assets component) Holder is (private
person/legal entity): Legal Entity
Future purchase assets as Collateral holder’s Citizenship for private person or Country of
incorporation for legal entity: United States of America
Governing Law in Case of collateral (Future purchase assets) liquidation (stage of sales):
USA
Collateral Holder Name: Global American Syndicate
Collateral Holder Registration number: 991072935 - 3009197
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
21
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
Collateral Holder postal address: Global American Syndicate, #207-1425 Marine Drive, West
Vancouver, B.C., Canada, V7T1B9
Collateral Holder Email address: gasdirect@gmail.com
Additional notes for future purchase assets (optional): ____
SOURCES OF INFORMATION USED IN THIS DOCUMENT
1. Borrower’s existing funds [and purchased with landed funds assets] market and
liquidation price evaluation made in accordance with Expert Conclusion dated
“_____”_________ 20___ y, made by licensed financial specialist (license #____
issued by _______________________ date of issued “_____”_________
20_____ y in City __________, Country_____________).
2. Future value of purchased with landed funds assets and depreciation of existing
assets evaluation executed in accordance with demands of Publication946 (Cat.
No. 13081F), How to Depreciate Property, Department of the Treasury, Internal
Revenue Service, USA, 2011.
CONCLUSION ABOUT LEVEL OF LOAN COVERAGE (BACKED) BY ASSETS
Finally, the level of secured by Promissory Note Loan (covered with two sources of
assets [before loan owned and with loan acquired]) in accordance with described above
consist of:
- Market Value (in Currency) / Market Value (in Percent): 765678 (USD)/120(%)
- Liquidation Value Currency / Liquidation Value Percent: 765447(USD)/78(%)
That is why in accordance with above, funds for clearing transactions issued as Loan
initially to ESB account number 0000 0000 0000 0000 0000 [and further transferred to
the ESB account number 0000 0000 0000 0000 0000] have the same assets coverage
level with:
- Market Value (in Currency) / Market Value (in Percent): 765678 (USD)/120(%)
- Liquidation Value Currency / Liquidation Value Percent: 765447(USD)/78(%)
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
22
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
In case of Borrower insolvency (bankruptcy) holder of clearing funds can expect the next
actions:
-
Assets of Borrower will be sold on Market in exchange of
EUR/USD/GBP/RUB/ETC currencies
Obtained funds will be directed to Lender as loan repayment
EUR/USD/GBP/RUB/ETC currencies will substitute electronic clearing funds of
ESB clearing accounts
EUR/USD/GBP/RUB/ETC currencies will become available for withdrawal by
previous clearing funds holder (which clearing funds with ESB accounts are
derivative of Loan indicated in this document)
Any non-authorized by Lender in Investment Agreement assets related activity of
Borrower will be subject of civil and/or criminal prosecution of Borrower.
Very important : Because funds for assets depreciation recovery will be collected with
ESB accounts they (these funds) will substitute depreciated assets and from year to year
assets market value plus accumulated funds for recovery will grow and at the end of
period of recovery assets market value plus accumulated funds for recovery will be equal
assets liquidation value. By other words assets liquidation value will grow from year to
year and at the end of period of recovery liquidation value will grow up to initial assets
market value. That is why if Borrower’s owned funds before Loan obtained was small or
zero value or insignificant in most cased purchased with loan assets will cover 100% of
Loan if from time of loan was issued passed acceptable time in accordance with this
document. Information of this document provide enough facts for understanding of each
loan beneficiary his risk and reward and their relationship, to be able get designing if this
suit for beneficiary’s business goals and objectives.
Due to nature of recursive algorithm used in financial technology, this document have to
be updated after each new assets purchased.
Zhur In,
Executive officer of
Clearing Transactions Department,
European Standard Bank
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
23
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
Electronic signature:
Electronic seal:
Electronic URL for document verification:
Final Notice: This document is following modern achievements of financial science and practice, created with terminology, which
provide clarity not only for specialists in finance, but small and medium business stuff too. That is why some extended definitions
included. Document use Know-How of European Standard Bank based on two financial solutions: Recursive Algorithm of Collateral
Creation (RACC) & Dynamically Growing Assets Liquidity Value (DGALV) explained above and financial clearing technology
developed by Swiss Bank Wir (www.wir.ch) in 1934. This is only draft of document, not perfectly worded and specimen for further
development, improvement and fill out of Borrower data.
Used sources of information: 1. Updates World Economic Situation and Prospects 2012
(United Nations publication, Sales No. E.12.II.C.2), released in January 2012
(http://www.un.org/esa/policy/wess/wesp.html)
2. Paul Hannon, “The Wall Street Journal”, 2011
3. Van R. ,Lacy H. Hunt, Ph.D, Hoisington, 2012 (www.Hoisington.com)
4. WebSite of The Clearing Corporation, (USA), (www.clearingcorp.com)
5. Publication 946 (2011), IRS, USA
6. Wikipedia, the free encyclopedia, (http://en.wikipedia.org)
7. INVESTOPEDIA (www.investopedia.com)
8. Swiss Bank Wir Web Site (www.wir.ch), (www.bancawir.ch)
9. Tutto Sula Banca WIR (PDF-publication of Bank WIR in Italian language )
10. European Standard Bank Web Site (www.esbank.org)
11. Федеральный закон Российской Федерации от 7 февраля 2011 г. N 7-ФЗ "О
клиринге и клиринговой деятельности"
12.
Multiple Trade Marks used in this document belong to their respective owners.
-------- END OF CERTICATE HERE -------FAQs of Borrowers and participants of clearing transactions from CIS countries
(this part is not official addendum of Certificate)
1. Q. Law of my country demand I have make any transaction only with accounts
opened in local Bank. Can I transfer Clearing Loan to my local Bank account?
A. No, you cannot. Read document carefully and you will find reason.
2. Q. My business partner refuse accept clearing funds because he say he cannot pay
salary for stuff with them. What I can do in this case?
A. There are three solutions here:
- If you can pay for him 50% by borrowed Clearing Funds and 50% with your own
funds. It’s the best solution, which use Borrowers of Bank WIR, for example.
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
24
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
- Explain for his business partner that not all 100% of his commodities he sale with
clearing. So from others sources he can pay out salary and from clearing funds
purchase raw materials he use in business.
- Find other supplier who better understand how functioning economy in
International crisis environment of 2008-2023 or let him better to think about his
place in such economic reality.
3. Q. In my Country conducting business without brides is utopia. Can I pay bribes by
clearing for private persons?
A. We cannot evaluate moral component of your question here. But you have to
know you can always make payment for everyone is this beneficiary
recognize this method.
4. Q. In my business there are penny costs which I definitely cannot pay by
Clearing, like pencils, pens, office paper etc. How I can resolve this problem?
A. You can make bulk purchase of some assets using Clearing and re-sell them
with cash to cover such penny expenses. Nobody prohibit you to do this.
5. Q. I arrived to office of equipment supplies to purchase equipment by Clearing but
office’s stuff can not understand what is Clearing and what I talking about? What
I have to do in this case?
A. Despite Clearing exists more than 300 years it is seldom use instrument in small
trading companies or companies who have not experience of futures trading
techniques. Stuff of such companies is not right audience who able earn such
decision because clearing participant must to have account in such financial
institution as European Standard Bank and it is outside of most stuff obligations.
You must refer your offer to somebody, who have such rights and is prepared
for such trading technology. Reading of BUSINESS LOAN CERTIFICATE by
prospective seller is key to prepare him to be able to make such transactions and
get huge profit for company, especially in economic crisis environment. In any
case buyer and seller, who want to make transactions with using of clearing
possibilities – both have prepare “homework” where each of them have
understands what is clearing, why it is only way for them, how they can use
clearing funds, etc.
6. Q. I see using clearing instead of conventional bank’s accounts transactions is
more complex task and require from parties more time and efforts? May be exists
for this purposes others more easy solutions for those, for whom conventional
lending behind their capabilities ?
A. Maybe exists easier solution, but I, as scientist with 20++ years of financial
background, do not know such solutions and never read about them. My
friend also scientist, former counselor of President USA also do not know
such solution. May be YOU’LL try to find or invent them.
7. Q. What will happen if prospective seller will refuse my offer to sell with
Clearing?
A. Both parties will obtain only losses and become poorer. And nothing more
will be happen.
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
25
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
8. Q. I’m Borrower and want to know who can issue for my Loan such Certificate?
A. European Standard Bank can issue for you such Certificate in English and other
languages you need in your business practice. To obtain Certificate you have
use this specimen and include inside data from your business-plan and from
assets evaluation document made by professional specialist who have license to
do it. Based on your Business Plan, Exert Conclusion, and Agreement with your
investor ESB will issue for you such document on paper and also will be
available inside banking system. Everybody who will use your clearing money
in “clearing ring” will be able to know their market value. Read in our price list
of cost for this service.
9. Q. Can European Standard Bank provide for me list of suppliers who willing sell
with Clearing technology ?
A. We are thinking about such service to create specific market place for
Clearing participants, something like we have on Forex or Future markets.
Probably such service will exists in nearest future. But today you have make
deals on case-by-case bases with partner you will find on markets you are
working with.
10. Q. What have I to do if I want obtain for Clearing transactions Loan?
A. You have fill out application form and provide us. And we will forward to
prospective investor.
11. Q. I read that conventional international lending today does not exists at all.
Especially does not exists for emergency markets at all.
A. You are not right. Conventional International Lending exists all time. Today
you can find very much information placed into Internet by enforcement
agency, worked under nicknames of independent observers etc and place there
such false information. I don’t know there goals because I never worked there.
For example, Russian businessman Oleg Derepaska obtained billions US
dollars loans from International Lenders during last years. Please investigate
Internet and find biography and others facts of his business life and you will
find amount of International Loans he got.
12. Q. Can you tell me have any chance obtain conventional loan like Oleg Derepaska
?
A. To obtain such Loan you business must meet the next criteria: 1) You must to
be owner at least of 30% of market with you production in your country. 2)
Your business must to be based on patent of significant Know-How. 3) You
must to have collateral with high level of liquidity, which cover Loan and
Interest, sometimes twice. 4) Your company must to have stable significant
turnover, confirmed by tax officials and auditors like PRICEWOTERHOUSE
COOPERS, KPMG, etc. You must to be able at least 50% of total project
necessary investment. Nobody and never will invest in you project 100% of
capital. Some others demands are also. It was demands if you seek
international lending. If you seek joint-ventures, you have to know that each
party of joint-venture will have shares (ownership) proportionally of initial
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
26
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
capital you able invest into joint-venture business. If you have only businessplan in your hands and some insignificant assets, probably you can obtain up
to 5% shares (ownership) in joint-venture and never 30%, 40%, 50% etc.
Because it’s only your dream, which never will be true because against rules
of joint-venture creations which exists hundred years. If you will seek leasing
you also must to be capable pay et least 20%-30% of leasing upfront from
your own funds. You can obtain conventional loan theoretically if you meet
above demands. But ONLY OUT OF CRISIS TIMES. In crisis it also
impossible due to lack of money in World, in most financial institutions. Why
? Please read BUSINESS LOAN CERTIFICATE document carefully and you
will find answer.
13. Q. I think to make significant changes in my business. I want wipe my money
from the bank I use and purchase with them gold, real estate, other valuable assets
and under their collateral obtain finance in European Standard Bank for
operational needs. In this case I’ll prevent my risk to lose all in case when
collapse occurs and will keep my ability conduct my business turnover. Is it good
solution? Can it save my assets?
A. We cannot give you any advice what you have to do. Only think about next
facts. My friend, former counselor of president USA in private conversation
24 November 2012 told me:” deposits are only worth 5% of what they were
and may soon no longer exist when collapse occurs”. If you wipe money and
purchase something you will have 100% of your money market value stored
in hard assets and in case of collapse for you will be easy to recover them.
And simultaneously you will make your assets make business turnovers with
Clearing accounts of European Standard Bank. What is better for you - it’s
your business.
14. Q. I never was phisically in European Standard Bank I don't know what will
happen if this finanacial instutution will fill Bankrupcy or become insolvent.
What will happen with my assest are they safe ?
A. On the one hand you will lose nothing because assets are always WITH YOU
and European Standard Bank as any other clearing financial institution operate
only with their VALUE but never operate with phisical assets. In the World
history you can find very much banks who was insolvent or bankrupt. But you
cannot find NO ONE PURE CLEARING FINANACIAL INSTITUTION
which bacame bankrupt due to nature of clearing business. And possibility of
physical presense never guarantee for you safety of your assets, especially and
in case of collapse or risky assets management of Bank’s stuff. In case of
clearing YOU AND ONLY YOU IS YOUR ASSETS MANAGER and no
one officer of Clearing financial institution have influence here. Where you
are absolutely safe?! Think for himself, ask auditors, lawyers, consultants,
anybody who is expert in Clearing. Such is reality.
15. Q. What about taxes ? How I can pay VAT and others taxes using clearing money
?
European Standard Bank Officer’s signature _____________________________
EUROPEAN STANDARD BANK
(http://www.esbank.org),
(Proforma-Specimen)
27
BUSINESS LOAN CERTIFICATE
Certificate Unique Registration ESB number: 0836367876
Last update date:
03/01/2013
A. Nobody in the World pay taxes with clearing money. Ask taxes counsellor or
auditor or tax consultant about business practice in this case. Only I wish
inform you that tax obligations exists always and in all countries if you or
somebody sell something, or, by others words if we have change of assets
owner. Instead of sale something you can borrow money and transfer to lender
your assets as mortgage for 5, 10, or 50 years. During these 5, 10 or 50 yeras
you have not pay taxes because owner of assets is the same. It's tax planing
technique, absolutelly legal.
16. Q. My seller want not sell assets based on pure clearing technology. Some of
them ask 50% or 60% or 75% of money they have use free without any
limitations. I cannot find other party who agree for pure clearing. Exists any
solution in this case ?
A. Some clients in such case try obtain loan with others financial institutions
using assets they purchased by clearing as mortgage. In European Union countries
available loans from 3% per years sometimes. Such refinancing in countries of
Emergencies Markets are more expensive. In times of financial crisis obtaining
such finance is very problematic. Your seller MUST ADJUST his intents in
accordance with financial reality. You can involve into deal good known
consultants who will help for Seller understand reality of World in financial crisis
and adjust his dream to reality or he will obtain only loses.
European Standard Bank Officer’s signature _____________________________