Block and Trade Program - Bank US Association

Block and Trade Program

This is a 40-week (*there are 40 banking weeks in one year) IMF and World Bankregulated program contracted for operation to a private banking organization in Europe, with trade groups at HSBC, Deutsche Bank, Credit Suisse, Barclays and Standard Chartered desks.

BankUS Association is the compliance division for the organization which intakes prospective clients’ proof of funds and documentation.

The program is one of the Leveraged Asset Management Programs (LAMP) which are available on a Private Placement basis and take a uniquely qualified investor with the right assets and the right collaborative and cooperative nature for a successful entry. This is an invitation only program extended to private, qualified investors who show that they have the amount of money needed to enter a trade.

Some of the features of this program are:

1. 150-Million and more US Dollars or Euro are required. Because the trade credit line from the European Central Bank only will provide up to 60-70% loan to value against the investor’s asset, the NET must be at least 100-Million to qualify. 
2.  This is a program that has been in business for over 40 years and is strictly regulated by IMF/World Bank and other rules and regulations which the traders must follow. 
3.  Blocking of funds occurs in the same bank account owned by the investor. Blocking is done by either SWIFT as required by regulation, or if the funds are in one of the banks mentioned above, may be an internal administrative hold. 
4. Returns are set by the IMF; however, it is typical that they might return 25% per week (or 100% per month) depending on the strength of the investor’s bank. The final determination is made by the IMF and may be lower. Profits are typically paid out every ten business days. 

Required documentation:
a. Our KYC package addressed properly to the Private Banker at BankUS Association. This is sent only to the principal investor, not through intermediaries.
b. Proof of Funds- a current (no older than 5 days) bank TEAR sheet signed by two bank officers. Please note we do not accept Bank Comfort Letters.
c. The investor’s banker emails to our Private Banker a Ready Willing and Able letter that the funds are clean and clear and free of terrorism or drug money, and that the amount in the account will be blocked in favor of a tobe-nominated party.
d. Other documents that may be required to satisfy the regulators as they may request during the due diligence process.
e. Copies of the banker’s business cards showing their switchboard phone number.

An Intake Officer-to-Principal Investor conversation is required before documentation is completed and returned in submission to the program. 

As shown in the flowchart above, there are several steps in the processing of an investor’s application.

 For more detailed specifics, the investor should have questions ready for the initial preliminary conversation. 

Intermediaries: Will be covered by their own Profit Sharing agreement with the investor. 

The trade groups cannot pay commissions (for regulatory reasons). Intermediaries need to step out of the way so principal conversations can be held privately, as sensitive information is shared by both the investor and the program intake officer. 

NOTE: This program is always subject to change without notice. Terms and Conditions are only spelled out in the asset management agreement which is presented only when the investor has successfully passed due diligence. This document is not an offer or solicitation.