A Medium Term Note is a corporate debt instrument that is offered to investors over a period of time by an agent of the issuer.

Here are the parameters:

Eligible Collateral
- Must be issued by a top-tier bank with a rating by S & P and Moody's of A or higher.

Tranche Size
- 50mm to 300mm of face amount.

Terms
- Up to 90% LTV of face amount (certain debentures over 90% LTV).
- Matching Interest – interest due on the loan equals the coupon payments that the collateral is entitled (no payments made during the loan term).
- Difference of the face amount and the loan amount wired to the borrower at loan maturity.
- Maturity date of the loan will correspond with the maturity date of the collateral.

Loan Specifics
- Non taxable transfer (loan - this is not a sale).
- Non-Recourse Loan.
- Fund on a transfer plus 3 day basis (loan proceeds wired to borrower’s designated account three days after the security is delivered to lender's account).
- Collateral delivered free delivery via Euroclear or DTC to lender's account.

- Verification of Ownership is needed (no "screen shots" please).
- A copy of the latest monthly statement is preferable.
- Must be eligible for transfer to our lender's custodial account.
- Loan terms as short as one year are available.

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