Danger! Do Not "Shop Your Deals"- It only hurts you...the developer and the broker

Time are tough. Enough said. One of the worst things you can do is "shop your deal". What I mean by this is sending your transaction (currency exchange, project development) to a) multiple funders; or b) multiple brokers. The most dangerous is sending it to multiple brokers. Or worse yet, a broker(s) accepted your project but doesn't have a funding source.

First, this is unethical on the broker's behalf, secondly the obvious will happen: He will send your project to every funding source and broker on the planet in hopes that someone will fund your deal. The best way to prevent this is to qualify your broker by asking if he already has a funding source that would accept your project. If he doesn't, don't give him your file. If he does, he should be able to explain the relative terms of the financing immediately or within 24 hours after contacting is funding source.

Why shopping hurts you: it's a small world in the universe of performing funders and brokers. We all know each other. There are some files that I see submitted to our company by 5 or 6 different brokers...funders simply turn down files they see more than once because they assume there's something wrong with the file,they turned it down previously, or they'll pick up the phone and call their other colleagues and ask them why they turned it down.

Why? Probably because the original broker was a rookie and just sent in a bunch of files that made no sense. WCF has our own in-house underwriter and we MAKE FILES WORK. Yes, files that have been turned down. They were good files, just not submitted properly. So we have go back to the funder after hearing, "we saw this file and turned it down" and explain why the deal will work.

Currency exchange deals won't tolerate ANY shopping. If they see the same deal twice, it is immediately declined and the client is blacklisted.

Solution: qualify your broker and make sure he is direct to a performing source or a broker that is. Often, that is WCF.
To learn more about our company feel free to watch this one minute video: ABOUT WCF

We can be reached at 281-852-9422

Clearing the confusing on MT103/23- Necessary for Diamond Transactions

In Short, the MT103 portion verifies funds are available for that specific purchase, the 23 field releases the funds once buyer and seller reach an agreement, the release is controlled by the buyer.

"Field 23 - Instruction Code" is where the remitting bank (at the request of the remitter) puts in a simple code instructing the beneficiary's bank how to effect the payment, such as "Credit Account under Advice", "Telephone beneficiary on receipt", "Pay against passport" and such like.

The authorities decided already at the end 2002 that within the year 2003 the Swift MT 799 should not be used anymore and should be replaced by the specified formats like MT 103/23 or MT 543.· The reason is that the MT 799 is a free text message of the Swift 700 series and with slightly changing of different words some restrictions, like free transferability for example could have been circumvented. Furthermore the authorities want, that banks and their branches participating in this business must assure that the bank officers and the Swift departments are properly trained.

It is of course the situation that a Free Text Message can be written by everybody, while issuing and sending a MT 103/23 or MT 543 requires a special and expensive training at the Swift academy for every bank officer. This way the participating banks/branches are controlled stronger and only highly qualified bankers can make the executions circumventing corruption inside the banks.

CONDITIONAL SWIFT VERBIAGE
S.W.I.F.T. FORMAT MT 103/FIELD 23
WE, , HEREBY PRESENT OUR IRREVOCABLE, ASSIGNABLE, TRANSFERABLE AND CALLABLE CASH BACKED S.W.I.F.T. WIRE TRANSFER MT 103/FIELD 23 CONDITIONAL IN YOUR FAVOR FOR THE ACCOUNT OF IN THE AMOUNT OF US$ ( UNITED STATES DOLLARS) FOR THE PURCHASE OF THE BANK INSTRUMENTS HEREIN DESCRIBED BY VERIFICATION OF REGISTRATION CUSIP NUMBERS CORRESPONDING WITH THE ISSUED CALLABLE CUSTODIAL SAFEKEEPING RECEIPTS WITH PHYSICAL DELIVERY TO BE MADE THEREAFTER. THIS S.W.I.F.T. IS CONDITIONAL UPON OUR ACCEPTING THE CERTIFIED BANK INVOICE.

WE HEREBY CONFIRM THAT THE FUNDS ARE GOOD, CLEAN AND CLEARED FUNDS OF NON-CRIMINAL ORIGIN AND ARE FROM A LEGAL SOURCE.

THIS IRREVOCABLE S.W.I.F.T. IS A BINDING FULLY PERFORMED DUE BILL AND IS IMMEDIATELY CALLABLE ON US FOR CASH PAYMENT AGAINST THE BANK CERTIFIED INVOICE CONDITIONAL UPON OUR ACCEPTANCE FOR THE PURCHASE AND DELIVERY OF THE BANK INSTRUMENTS SPECIFIED BELOW:

INSTRUMENTS :
CURRENCY :
UNITED STATES OF AMERICA DOLLARS
TERM : ( ) YEAR(S) AND ONE (1)DAY INTEREST : % ( PERCENT)
COUPON ISSUING BANKS : FROM TOP TWENTY-FIVE (25) WESTERN EUROPEAN
BANKS RATED “AA” OR BETTER WITH NORMAL EXCLUSIONS
DENOMINATIONS : $10, $25, $50 AND $100 MILLION UNITED STATES DOLLARS

THIS CONDITIONAL, IRREVOCABLE, DIVISIBLE, ASSIGNABLE, TRANSFERABLE AND CALLABLE S.W.I.F.T. WIRE TRANSFER IS VALID FOR TEN (10) BANKING DAYS FROM ____ DAY OF ________ 2004 AND UNTIL THE ____ DAY OF _______ 2004 1700HRS CENTRAL EUROPEAN TIME.
http://www.wallstreetfunds.biz/Bankers/MT-103format.htm

Rough Diamonds For Sale - Send Us Your Wish List

Through our mine funding programs we have formed strategic alliances with sellers of rough diamonds around the globe. Truly, there is no order we cannot fulfill. Please contact brian at brian@walkercf.com or 281-852-9422 for our Diamond Buyer Letter that will give you further instructions on how to do business with us. Direct buyers and mandates only, please. You may also skype me at brian.walker7 for the fastest response. Visit our website.

Mine Funding Available Now!

If you have a mine that needs funding, Walker Commercial Funding is one of the few resources you can count on for meeting your funding needs. We write bonds based on your business plan, and asset (with sound geologicals/assays) and proper proof of ownership. All of the details are on our webiste. Just click on this link: FUND MY MINING PROJECT!

Or send an email to mines@walkercf.com
http://www.walkercommercialfunding.com/mining.html