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Financial Instruments:
Creditnet Bank Internationale can issue an array of
Financial Instruments to suit your requirements. Such
instruments include:-
Letters Of
Credit,
Payment
Guarantees,
Medium Term
Notes (MTN),
International
Bills-Of-Exchange,
Long Term Bank
Bonds,
Certificates-Of-Deposit,
Promissory
Notes,
Bank
Guarantees,
International-Bills-Of-Exchange:
An International
Bill-Of-Exchange can be issued as a Debt Obligation
Instruments such as a Promissory Note (to be redeemed /
collected at a future date) OR it can be issued against
assets as a 'cash currency collateral Instrument'. Creditnet
Bills-Of-Exchange are issued against assets, and in most
cases against gold assets.
Bills-Of-Exchange
have been around for centuries and the oldest known example
on record in the Sanskrit language was issued by a camel
trader against his heard of camels to purchase another heard
of camels. Today, the general market-place and many bankers
do not understand the real functions and operations of
Bills-Of-Exchange and therefore validation within the
banking system is often misunderstood.
After our various
discussions with the Australian Treasury Department, it was
obvious that a central registry for Bills-Of-Exchange was
required to effect a simplistic verification of issuance in
order to use these cash instruments as 'valuable
consideration' in the market-place. Hence, we were
instrumental in establishing: www.aboer.net (AA+ Bills Of
Exchange Registry) which is now run by qualified
professionals.
According to the
various Federal Legislation and United Nations UNCITRAL
convention; A Bill-Of-Exchange is a negotiable instrument
and when issued in perpetuity (as a perpetual instrument)
against an asset (especially gold), it is to be treated as
CASH in the same way you treat a smaller denomination
currency note you carry in your wallet or purse. A
Bill-Of-Exchange cannot be transferred or deliver
electronically therefore ONLY a physical delivery or
transfer is valid.
Medium Term
Notes (MTN)
' A Medium Term
Note (MTN)'' is issued as a debt-obligation instrument for
collection / payment to order or to bearer at a fixed and
predetermined maturity date for an amount in principal with
or without redeemable coupons payable during the term of the
MTN.
All MTNs issued
by Creditnet Bank Internationale are issued against assets;
either owned by Creditnet or committed by a Positive Pledge
Deed, whereby the MTN is still considered as negotiable for
payment or for bankable deposit because of the supporting
assets. The Creditnet MTN program is a FIXED coupon program
and does NOT have a FLOATING coupon component on the term
sheet.
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