USA & International Commercial Finance Brokers                    Explode the myths
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     Christchurch, New Zealand.  Ph +64 3 3847 100   

If you cannot find what you are looking for below then send us an email with your requirements and our
securities brokers will be glad to try and source it for you - we aim to satisfy.

 
This website and information contained herewith in this announcement does not constitute an offer of securities for sale in the United States or any securities referenced in this announcement may not be offered or sold in the United States or to or for the benefit of US persons (as such term is defined in Regulation S pursuant to the U.S. Securities Act of 1933, as amended (Securities Act)) unless they are registered pursuant to the Securities Act or pursuant to an available exemption there from.

This website and any document is not being distributed to or directed at any persons or corporate entity in New Zealand.
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 These are 'Primary Market' Spot Offer Subordinated Obligations
 New Issue (these do not have ISIN's until they are issued) 
 MTN's, Bonds, CD's 
 
  Our securities broker is capable of raising investment quality notes from the cream of the Banking and Prime
  Broker organizations,  just tell us how much you need, Structured or Vanilla, CD, MTN, Bond, Note and we
  will tell you what we can get by way of discount and coupon rate.  We like to think our notes are sold at
  competitive market rates, we are not a bargain basement shop so please do not treat us like one.

  Prime Brokers are typically large organizations with well known names, like Banc of America Securities,
 Goldman Sachs, Lehman Bros, Merrill Lynch, Morgan Stanley, Pershing, and Speer, Leeds and
 Kellogg. 
 
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 PLAIN VANILLA 
 These are Senior Subordinated Debt Obligations (Secured Debt) unstructured - often referred to incorrectly as 
 Cash Backed.


 If your buyer can prove to us they are credible we can arrange an appointment with Merrill Lynch in either 
 Zurich or London - we will require the signing of a retro-session fee agreement prior to arranging such an 
 appointment.
 

  email your requirements

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 STRUCTURED NOTES

 MTN's are basically Promissory Notes. The portfolios behind these notes are to limit the issuers risk not the
 buyers.  The buyers risk is limited to Coupon and Maturity.  Both of which are guaranteed by the issuer.
 
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 Ref 9871 Re: HSBC- Amount USD 10B with R&E to 100B
 Additional information:   ISIN assigned prior to delivery.
 10 years BBB Synthetic CDO. Class D1 “BBB” Rated Credit-Linked Notes (“Notes”) due in [September] 2017

 Indicative Terms and Conditions - DVP Security Purchase Order Available.

 Issuer :   STARTS (Cayman) Limited 2007
 Rating :   AA
 Currency :   USD
 Issue Date :   (NEW ISSUE)
 Trade Date :   TBD
 Maturity Date :   10 Years from Issue
 Issue Price :   To be quoted.
 Redemption Price :   100%
 Nominal Amount :   USD 10,000,000,000 + Rolls & Extensions, no upper limit.
Tranches :   USD 200,000,000   Max 3 per day.
 Coupon  :   to be quoted

email your requirements
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 PROCEDURE FOR PURCHASE
 1. We send out Fee Pay Agreement and Purchase Order (or retro-session agreement) to be placed on buyers 
    letterhead and signed by buyer.
 2. We need to view a filed balance sheet or similar to enable us to be satisfied the buyer is a credible buyer.
 3. On receipt of these documents fully signed  our securities broker will contact the buyer to ensure the
    buyers bank officer has correct instructions to receive and pay for the paper to be delivered. The buyer must 
    appoint their bank officer to act as the principal in the transaction.
 4. Once satisfied all is in order our securities broker will issue a purchase contract to the buyer.
 5. On receipt of signed contract our securities broker will instruct the issuers Bank Officer to contact the buyer
     bank officer and close the transaction.
 6. Fees are distributed on receipt of tranche payments.

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