Licensed Trading Entity - Medium Term Notes / Bank Guarantees / MTN Trading / Managed Buy - Sell
UHNW | GILLERAN is DIRECT to a WHOLESALE Licensed Trading Entity.
*{We are NOT interested in the leased bank instrument market, nor in historical
bonds. Exercise caution with any party offering leased bank instruments (e.g. leased BG, leased SBLC) simultaneously promising it as a route to project
funding.}
**{Please note there are NO upfront fees, in relation to the activities mentioned below.}
Please note that the following is a guide, and is subject to market conditions and change.
The following are some of the activities which this WHOLESALE Licensed Trading Entity is involved in:
Please note that this is a general guide, and is subject to market conditions and change.
In some circumstances, it may be possible for clients to have different terms.
Retail transactions are also possible, in addition to transactions on the private or wholesale market.
All clients must meet AML/CTF requirements first.
If you own assets worth in excess of US$10 Million, contact UHNW | GILLERAN for further details.
Please find below a few often used terms...
ISIN - International Securities Identification Number (ISIN) - The ISIN standard is used worldwide to identify specific securities such as bonds, stocks (common and preferred), futures, warrant,
rights, trusts, commercial paper and options. ISINs are assigned to securities to facilitate unambiguous clearing and settlement procedures. They are composed of a 12-digit alphanumeric code and act
to unify different ticker symbols “which can vary by exchange and currency” for the same security. The ISIN code has a country code composed of two letters, a national security identifier composed of
nine alphanumeric characters, and one check digit. In the United States, ISINs are extended versions of 9-character CUSIP (Committee on Uniform Security Identification Procedures) numbers; ISINs can
be formed by adding a country code and check digit to the beginning and end of a CUSIP, respectively.
PURPOSE OF ISIN - Its purpose is for the uniform international identification of securities that are traded and settled. It is being used in most parts of the world, especially in Europe.
CUSIP - Committee on Uniform Securities Identification Procedures - A CUSIP number can be used to identify financial instruments such as stocks of registered U.S. and Canadian companies,
commercial paper, and U.S. government and municipal bonds. The CUSIP system, owned by the American Bankers Association and managed by Standard & Poor’s—facilitates the clearance and settlement
process of securities.
ISIN vs CUSIP - CUSIP is mainly used in USA & Canada, while ISIN is used internationally. ISIN is being used to identify securities that are traded and settled internationally while CUSIP is used
in securities that are traded, cleared, and settled in USA & Canada. ISIN has 12 alphanumeric characters ,whilst CUSIP has 9.
EUROCLEAR - Euroclear Bank is a provider of settlement and related securities services for cross-border transactions involving domestic and international bonds, equities, derivatives and investment
funds.
SWIFT - Back in 1973, in order to facilitate transfer of money between banks, a group of 239 banks created the Society of Worldwide Interbank Financial Telecommunication, {SWIFT}. The initial focus
of SWIFT was to develop standard protocols and methods for transferring money between one bank and another. They established operating procedures and rules. The first message sent was in 1977. It
revolutionized the banking industry. In order to transfer messages, SWIFT developed nine different types of messages. The MT760 is one of those messaging options.
MT760 - This is the SWIFT Message Type that Bank Guarantees {BGs} are sent and received by, between one bank and another bank.
MARGIN LENDING - Margin lending describes the provision of finance, backed by a portfolio of cash, shares, units in managed funds, commodities, derivatives and any other form of market traded
asset, which is extended to individual or corporate borrowers for the purposes of financing investments. The ability to borrow funds is determined by the assets in the portfolio, their loanable value
and a credit limit based on the borrower's financial position. Margin loans can be made by lenders to individual borrowers, limited partnerships, private and public companies, limited liability
partnerships and other incorporated associations.
LINE OF CREDIT - An arrangement between a financial institution, usually a bank, and a customer, that establishes a maximum loan balance that the bank will permit the borrower to maintain. The
borrower can draw down on the line of credit at any time, as long as he or she does not exceed the maximum set in the agreement.
"We make a living by what we get, but we make a life by what we give."