313. CAFELET EUROCLEAR REGISTERED SBLC BUY SELL TRANSACTIONS


CAFELET EUROCLEAR REGISTERED SBLC BUY SELL TRANSACTIONS

November 27, 2021

 A CAFELET approved SURROGATE may be approved by CAFELET to use funds held by CAFELET’s ATTORNEY, who is a USA FEDERAL COURT OFFICER.

But funds held by the ATTORNEY may only be used subject to instructions provided by CAFELET.

CAFELET may approve the SURROGATE buying and selling SBLC registered with EUROCLEAR if the following procedures are followed.

A VENDOR wishing to sell SBLC to the SURROGATE must disclose to the ATTORNEY information for the INSTITUTION used by the ATTORNEY as CLOSING INSTITUTION to be able to verify the availability and value of the SBLC on EUROCLEAR.

Through the CLOSING INSTITUTION, the ATTORNEY may provide appropriate disclosures to an END BUYER in exchange for appropriate capability information being provided by the END BUYER.

Through the CLOSING INSTITUTION, the ATTORNEY may provide appropriate disclosures regarding the sale to the END BUYER to the VENDOR.

If the VENDOR and the END BUYER agree, the ATTORNEY may arrange to have the purchase transacted through the CLOSING INSTITUTION.

If the VENDOR does not wish to abide by this protocol, then, through CAFELET, the ATTORNEY may arrange to have SBLC acquired elsewhere.

If the END BUYER does not wish to abide by this protocol, then, through CAFELET, the ATTORNEY may arrange for another END BUYER to do so.

For more information send an email to cafelet-surrogate@change2100.com