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2020.10.08 14:16 iAmGionism Report

[report](http://<<< System >>>
Device Model: Samsung Galaxy Note20 Ultra 5G (USA Unlocked) Device Type: Phablet Manufacturer: samsung Model: SM-N986U1 Brand: samsung Board: kona Device: c2q Hardware: qcom Platform: kona Product: c2quew Serial (RIL): R5CN902067X Installed RAM: 12 GB LPDDR5 Total Memory: 10.30 GB Available Memory: 5013 MB Internal Storage Total Space: 106.77 GB Internal Storage Free Space: 65.21 GB Bluetooth Version: 5.0 Device Features: android.hardware.audio.low_latency android.hardware.audio.output android.hardware.audio.pro android.hardware.biometrics.face android.hardware.bluetooth android.hardware.bluetooth_le android.hardware.camera android.hardware.camera.any android.hardware.camera.autofocus android.hardware.camera.capability.manual_post_processing android.hardware.camera.capability.manual_sensor android.hardware.camera.capability.raw android.hardware.camera.flash android.hardware.camera.front android.hardware.camera.level.full android.hardware.faketouch android.hardware.fingerprint android.hardware.location android.hardware.location.gps android.hardware.location.network android.hardware.microphone android.hardware.nfc android.hardware.nfc.any android.hardware.nfc.ese android.hardware.nfc.hce android.hardware.nfc.hcef android.hardware.opengles.aep android.hardware.ram.normal android.hardware.screen.landscape android.hardware.screen.portrait android.hardware.sensor.accelerometer android.hardware.sensor.barometer android.hardware.sensor.compass android.hardware.sensor.gyroscope android.hardware.sensor.hifi_sensors android.hardware.sensor.light android.hardware.sensor.proximity android.hardware.sensor.stepcounter android.hardware.sensor.stepdetector android.hardware.strongbox_keystore android.hardware.telephony android.hardware.telephony.gsm android.hardware.telephony.ims android.hardware.touchscreen android.hardware.touchscreen.multitouch android.hardware.touchscreen.multitouch.distinct android.hardware.touchscreen.multitouch.jazzhand android.hardware.usb.accessory android.hardware.usb.host android.hardware.vulkan.compute android.hardware.vulkan.level android.hardware.vulkan.version android.hardware.wifi android.hardware.wifi.aware android.hardware.wifi.direct android.hardware.wifi.passpoint android.hardware.wifi.rtt android.software.activities_on_secondary_displays android.software.app_widgets android.software.autofill android.software.backup android.software.cant_save_state android.software.companion_device_setup android.software.connectionservice android.software.cts android.software.device_admin android.software.file_based_encryption android.software.freeform_window_management android.software.home_screen android.software.input_methods android.software.ipsec_tunnels android.software.live_wallpaper android.software.managed_users android.software.midi android.software.picture_in_picture android.software.print android.software.secure_lock_screen android.software.securely_removes_users android.software.sip android.software.sip.voip android.software.verified_boot android.software.voice_recognizers android.software.webview android.sofware.nfc.beam com.google.android.feature.DPS com.google.android.feature.TURBO_PRELOAD com.nxp.mifare com.samsung.android.api.version.2402 com.samsung.android.api.version.2403 com.samsung.android.api.version.2501 com.samsung.android.api.version.2502 com.samsung.android.api.version.2601 com.samsung.android.api.version.2701 com.samsung.android.api.version.2801 com.samsung.android.api.version.2802 com.samsung.android.api.version.2803 com.samsung.android.api.version.2901 com.samsung.android.api.version.2902 com.samsung.android.api.version.2903 com.samsung.android.authfw com.samsung.android.bio.face com.samsung.android.camerasdkservice com.samsung.android.cameraxservice com.samsung.android.knox.knoxsdk com.samsung.android.sdk.camera.processor com.samsung.android.sdk.camera.processor.effect com.samsung.feature.SAMSUNG_EXPERIENCE com.samsung.feature.aodservice_v07 com.samsung.feature.aremoji.v2 com.samsung.feature.device_category_phone com.samsung.feature.galaxyfinder_v7 com.samsung.feature.ipsgeofence com.samsung.feature.samsung_experience_mobile com.samsung.feature.samsungpositioning com.samsung.feature.samsungpositioning.snlp com.sec.android.mdm com.sec.android.secimaging com.sec.android.smartface.smart_stay com.sec.feature.cocktailpanel com.sec.feature.cover com.sec.feature.cover.clearsideviewcover com.sec.feature.cover.flip com.sec.feature.cover.ledbackcover com.sec.feature.cover.nfcledcover com.sec.feature.cover.sview com.sec.feature.edge_v03 com.sec.feature.fingerprint_manager_service com.sec.feature.motionrecognition_service com.sec.feature.nfc_authentication com.sec.feature.nfc_authentication_cover com.sec.feature.nsflp com.sec.feature.overlaymagnifier com.sec.feature.people_edge_notification com.sec.feature.saccessorymanager com.sec.feature.sensorhub com.sec.feature.slocation com.sec.feature.spen_usp com.sec.feature.usb_authentication com.sec.feature.wirelesscharger_authentication com.verizon.hardware.telephony.ehrpd com.verizon.hardware.telephony.lte com.verizon.hardware.telephony.srlte samsung.hardware.uwb
<<< CPU >>>
SoC Model: Qualcomm Snapdragon 865 (SM8250) Core Architecture: 4x Qualcomm Kryo 585 Silver @ 1804 MHz 3x ARM Cortex-A77 @ 2419 MHz ARM Cortex-A77 @ 3091 MHz Manufacturing Process: 7 nm Instruction Set: 64-bit ARMv8-A CPU Revision: r1p0 CPU Cores: 8 CPU Clock Range: 300 - 3091 MHz Core 1 Clock: 1804 MHz Core 2 Clock: 1804 MHz Core 3 Clock: 1804 MHz Core 4 Clock: 1804 MHz Core 5 Clock: 2419 MHz Core 6 Clock: 2419 MHz Core 7 Clock: 2419 MHz Core 8 Clock: 1075 MHz L3 Cache: 4 MB Scaling Governor: schedutil Supported ABIs: arm64-v8a, armeabi-v7a, armeabi Supported 32-bit ABIs: armeabi-v7a, armeabi Supported 64-bit ABIs: arm64-v8a AES: Supported NEON: Supported PMULL: Supported SHA1: Supported SHA2: Supported
<<< Display >>>
Screen Resolution: 1440 × 3088 Technology: Dynamic AMOLED 2X Screen Size: 74 mm × 159 mm Screen Diagonal: 6.9 inches Pixel Density: 494 dpi xdpi / ydpi: 371 / 372 dpi GPU Vendor: Qualcomm GPU Renderer: Adreno (TM) 650 Current GPU Clock: 305 MHz GPU Clock Range: 305 - 670 MHz GPU Utilization: 0 % Refresh Rate: 120 Hz Default Orientation: Portrait OpenGL ES Version: 3.2 GPU Version: OpenGL ES 3.2 [email protected] ([email protected], Ic71133a7bc, 1594419786) (Date:07/10/20) OpenGL ES Extensions: GL_OES_EGL_image GL_OES_EGL_image_external GL_OES_EGL_sync GL_OES_vertex_half_float GL_OES_framebuffer_object GL_OES_rgb8_rgba8 GL_OES_compressed_ETC1_RGB8_texture GL_AMD_compressed_ATC_texture GL_KHR_texture_compression_astc_ldr GL_KHR_texture_compression_astc_hdr GL_OES_texture_compression_astc GL_OES_texture_npot GL_EXT_texture_filter_anisotropic GL_EXT_texture_format_BGRA8888 GL_EXT_read_format_bgra GL_OES_texture_3D GL_EXT_color_buffer_float GL_EXT_color_buffer_half_float GL_QCOM_alpha_test GL_OES_depth24 GL_OES_packed_depth_stencil GL_OES_depth_texture GL_OES_depth_texture_cube_map GL_EXT_sRGB GL_OES_texture_float GL_OES_texture_float_linear GL_OES_texture_half_float GL_OES_texture_half_float_linear GL_EXT_texture_type_2_10_10_10_REV GL_EXT_texture_sRGB_decode GL_EXT_texture_format_sRGB_override GL_OES_element_index_uint GL_EXT_copy_image GL_EXT_geometry_shader GL_EXT_tessellation_shader GL_OES_texture_stencil8 GL_EXT_shader_io_blocks GL_OES_shader_image_atomic GL_OES_sample_variables GL_EXT_texture_border_clamp GL_EXT_EGL_image_external_wrap_modes GL_EXT_multisampled_render_to_texture GL_EXT_multisampled_render_to_texture2 GL_OES_shader_multisample_interpolation GL_EXT_texture_cube_map_array GL_EXT_draw_buffers_indexed GL_EXT_gpu_shader5 GL_EXT_robustness GL_EXT_texture_buffer GL_EXT_shader_framebuffer_fetch GL_ARM_shader_framebuffer_fetch_depth_stencil GL_OES_texture_storage_multisample_2d_array GL_OES_sample_shading GL_OES_get_program_binary GL_EXT_debug_label GL_KHR_blend_equation_advanced GL_KHR_blend_equation_advanced_coherent GL_QCOM_tiled_rendering GL_ANDROID_extension_pack_es31a GL_EXT_primitive_bounding_box GL_OES_standard_derivatives GL_OES_vertex_array_object GL_EXT_disjoint_timer_query GL_KHR_debug GL_EXT_YUV_target GL_EXT_sRGB_write_control GL_EXT_texture_norm16 GL_EXT_discard_framebuffer GL_OES_surfaceless_context GL_OVR_multiview GL_OVR_multiview2 GL_EXT_texture_sRGB_R8 GL_KHR_no_error GL_EXT_debug_marker GL_OES_EGL_image_external_essl3 GL_OVR_multiview_multisampled_render_to_texture GL_EXT_buffer_storage GL_EXT_external_buffer GL_EXT_blit_framebuffer_params GL_EXT_clip_cull_distance GL_EXT_protected_textures GL_EXT_shader_non_constant_global_initializers GL_QCOM_texture_foveated GL_QCOM_texture_foveated_subsampled_layout GL_QCOM_shader_framebuffer_fetch_noncoherent GL_QCOM_shader_framebuffer_fetch_rate GL_EXT_memory_object GL_EXT_memory_object_fd GL_EXT_EGL_image_array GL_NV_shader_noperspective_interpolation GL_KHR_robust_buffer_access_behavior GL_EXT_EGL_image_storage GL_EXT_blend_func_extended GL_EXT_clip_control GL_OES_texture_view GL_EXT_fragment_invocation_density GL_QCOM_validate_shader_binary
<<< Network >>>
<< Telephony >> Phone Type: GSM Network Operator Name: cricket Network Operator Code: 310410 Network Operator Country: United States SIM Provider Name: Aio SIM Provider Code: 310150 SIM Provider Country: United States SIM State: Ready Network Type: Unknown Data Connection State: Disconnected Data Activity: None Device Is Roaming: No ICC Card: Present
<< Wi-Fi >> State: Enabled SSID: BSSID: 02:00:00:00:00:00 Hidden SSID: Yes IPv4 Address: 192.168.50.199 IPv6 Address: fe80::203b:ffff:fe9e:7201 Signal Strength: -36 dBm (Excellent) Link Speed: 173 Mbps Frequency: 2462 MHz Gateway: 192.168.50.1 Netmask: 255.255.255.0 DNS1: 192.168.50.1 DHCP Lease Duration: 24 hours 5 GHz Band: Supported Wi-Fi Aware: Supported Wi-Fi Direct: Supported
<<< Battery >>>
Power Source: Battery Level: 96 % Status: Discharging Health: Good Technology: Li-ion Temperature: 27.2°C Voltage: 4.276 V Charge Counter: 3938 mAh Discharge Rate: 625 mA Remaining Battery Time: N/A Capacity (Reported by Android): 4370 mAh Capacity (From Database): 4500 mAh
<<< Android >>>
Android Version: 10 API Level: 29 Android Security Patch Level: 2020-10-01 Rooted Device: No Android ID: 6996b690cadcb496 Baseband: N986U1UES1ATID Bootloader: N986U1UES1ATID Build ID: QP1A.190711.020.N986U1UES1ATID Codename: REL Fingerprint: samsung/c2quew/c2q:10/QP1A.190711.020/N986U1UES1ATID:userelease-keys ID: QP1A.190711.020 Incremental: N986U1UES1ATID Java Runtime Version: Android Runtime 0.9 Java VM Version: ART 2.1.0 Java VM Heap Size: 256 MB Kernel Architecture: aarch64 Kernel Version: 4.19.81-19269629 Tags: release-keys Type: user Google Play Services Version: 20.36.15 (120400-333172415) Huawei Mobile Services Version: < Not Present > OpenSSL Version: OpenSSL 1.1.0 (compatible; BoringSSL) ZLib Version: 1.2.11 ICU CLDR Version: 34.0 ICU Library Version: 63.2 ICU Unicode Version: 11.0 Android Language: English (United States) Configured Time Zone: Mountain Daylight Time (UTC-06:00) UpTime: 09:24:19
<<< Devices >>>
<< Rear-Facing Camera >> Camera ID: LSI_S5KHM1 Resolution: 12 MP (4000 × 3000) Focal Length: 7.00 mm Focus Modes: infinity, auto, macro, continuous-video, continuous-picture Video Stabilization: Supported Zoom: Supported Auto Exposure Locking: Supported Auto White Balance Locking: Supported Flash: Supported
<< Front-Facing Camera >> Camera ID: SONY_IMX374 Resolution: 7.1 MP (3216 × 2208) Focal Length: 3.30 mm Focus Modes: infinity, auto, macro, continuous-video, continuous-picture Video Stabilization: Supported Zoom: Supported Auto Exposure Locking: Supported Auto White Balance Locking: Supported Flash: Not Supported
<< Rear-Facing Camera >> Camera ID: LSI_S5KHM1 Resolution: 12 MP (4000 × 3000) Focal Length: 2.20 mm Focus Modes: fixed, infinity Video Stabilization: Supported Zoom: Supported Auto Exposure Locking: Supported Auto White Balance Locking: Supported Flash: Supported
<< Front-Facing Camera >> Camera ID: SONY_IMX374 Resolution: 10.0 MP (3648 × 2736) Focal Length: 3.30 mm Focus Modes: infinity, auto, macro, continuous-video, continuous-picture Video Stabilization: Supported Zoom: Supported Auto Exposure Locking: Supported Auto White Balance Locking: Supported Flash: Not Supported
<< Fingerprint Scanner >> Manufacturer: QCOM Model: QBT2000
<< OpenCL Device - QUALCOMM Adreno(TM) >> Device Name: QUALCOMM Adreno(TM) Device Type: GPU Device Vendor: QUALCOMM Device Vendor ID: 0xBF4D3C4B Device Version: OpenCL 2.0 Adreno(TM) 650 Device Profile: Full Driver Version: OpenCL 2.0 QUALCOMM build: commit #7c50932 changeid #Ic71133a7bc Date: 07/10/20 Fri Local Branch: Remote Branch: refs/tags/AU_LINUX_ANDROID_LA.UM.8.12.C1.10.00.00.649.113 Compiler E031.37.07.02 OpenCL C Version: OpenCL C 2.0 Adreno(TM) 650 Clock Rate: 1 MHz Compute Units: 3 Address Space Size: 64-bit Max 2D Image Size: 16384 × 16384 Max 3D Image Size: 16384 × 16384 × 2048 Max Image Array Size: 2048 Max Image Buffer Size: 134217728 Max Samplers: 16 Max Work-Item Size: 1024 × 1024 × 1024 Max Work-Group Size: 1024 Max Global Variable Size: 64 KB Preferred Global Variables Total Size: 1 MB Max Argument Size: 1 KB Max Constant Buffer Size: 64 KB Max Constant Arguments: 8 Max Pipe Arguments: 16 Max Printf Buffer Size: 1 MB Native ISA Vector Widths: char1, short1, int1, half1, float1 Preferred Native Vector Widths: char1, short1, int1, long1, half1, float1 Profiling Timer Resolution: 1000 ns OpenCL Library: /system/vendolib64/libOpenCL.so Global Memory: 5398808 KB Global Memory Cache: 128 KB (Read/Write, 64-byte line) Local Memory: 32 KB Max Memory Object Allocation Size: 1 GB Memory Base Address Alignment: 1024-bit Min Data Type Alignment: 128 bytes Image Row Pitch Alignment: 64 pixels Image Base Address Alignment: 64 pixels Preferred Platform Atomic Alignment: 128 bytes Command-Queue Out Of Order Execution: Enabled Command-Queue Profiling: Enabled Compiler Available: Yes Error Correction: Not Supported Images: Supported Kernel Execution: Supported Linker Available: Yes Little-Endian Device: Yes Native Kernel Execution: Not Supported SVM Atomics: Supported SVM Coarse Grain Buffer: Supported SVM Fine Grain Buffer: Supported SVM Fine Grain System: Not Supported Unified Memory: Yes OpenCL Extensions: cl_khr_3d_image_writes cl_img_egl_image cl_khr_byte_addressable_store cl_khr_depth_images cl_khr_egl_event cl_khr_egl_image cl_khr_fp16 cl_khr_gl_sharing cl_khr_global_int32_base_atomics cl_khr_global_int32_extended_atomics cl_khr_local_int32_base_atomics cl_khr_local_int32_extended_atomics cl_khr_image2d_from_buffer cl_khr_mipmap_image cl_khr_srgb_image_writes cl_khr_subgroups cl_qcom_create_buffer_from_image cl_qcom_ext_host_ptr cl_qcom_ion_host_ptr cl_qcom_perf_hint cl_qcom_other_image cl_qcom_subgroup_shuffle cl_qcom_vector_image_ops cl_qcom_extract_image_plane cl_qcom_android_native_buffer_host_ptr cl_qcom_protected_context cl_qcom_priority_hint cl_qcom_compressed_yuv_image_read cl_qcom_compressed_image cl_qcom_ext_host_ptr_iocoherent cl_qcom_accelerated_image_ops cl_qcom_dot_product8 cl_qcom_reqd_sub_group_size cl_qcom_recordable_queues
<< Vulkan Device - Adreno (TM) 650 >> Device Name: Adreno (TM) 650 Device Type: Integrated GPU Device UUID: 32-09-C5-07-43-51-00-00-00-00-02-00-05-06-00-00 Device ID: 00005143-06050002 Memory Size: 2671152 KB Max 1D Image Size: 16384 Max 2D Image Size: 16384 x 16384 Max 3D Image Size: 2048 x 2048 x 2048 Max Cube Image Size: 16384 x 16384 Max Image Layers: 2048 Max Texel Buffer Elements: 134217728 Max Uniform Buffer Range: 65536 Max Storage Buffer Range: 536870912 Max Push Constants Size: 128 bytes Max Memory Allocation Count: 4096 Max Sampler Allocation Count: 4000 Buffer Image Granularity: 1 bytes Max Bound Descriptor Sets: 4 Max Per-Stage Descriptor Samplers: 256 Max Per-Stage Descriptor Uniform Buffers: 96 Max Per-Stage Descriptor Storage Buffers: 72 Max Per-Stage Descriptor Sampled Images: 256 Max Per-Stage Descriptor Storage Images: 64 Max Per-Stage Descriptor Input Attachments: 8 Max Per-Stage Resources: 608 Max Descriptor Set Samplers: 256 Max Descriptor Set Uniform Buffers: 96 Max Descriptor Set Dynamic Uniform Buffers: 32 Max Descriptor Set Storage Buffers: 72 Max Descriptor Set Dynamic Storage Buffers: 16 Max Descriptor Set Sampled Images: 256 Max Descriptor Set Storage Images: 64 Max Descriptor Set Input Attachments: 8 Max Vertex Input Attributes: 32 Max Vertex Input Bindings: 32 MaxVertex Input Attribute Offset: 4096 Max Vertex Input Binding Stride: 2048 Max Vertex Output Components: 128 Max Tesselation Generation Level: 64 Max Tesselation Patch Size: 32 Max Tesselation Control Per-Vertex Input Components: 128 Max Tesselation Control Per-Vertex Output Components: 128 Max Tesselation Control Per-Patch Output Components: 120 Max Tesselation Control Total Output Components: 4096 Max Tesselation Evaluation Input Components: 128 Max Tesselation Evaluation Output Components: 128 Max Geometry Shader Invocations: 32 Max Geometry Input Components: 128 Max Geometry Output Components: 128 Max Geometry Output Vertices: 1024 Max Geometry Total Output Components: 131072 Max Fragment Input Components: 112 Max Fragment Output Attachments: 8 Max Fragment DualSrc Attachments: 1 Max Fragment Combined Output Resources: 72 Max Compute Shared Memory Size: 32 KB Max Compute Work Group Count: X: 65535, Y: 65535, Z: 65535 Max Compute Work Group Invocations: 1024 Max Compute Work Group Size: X: 1024, Y: 1024, Z: 64 Subpixel Precision Bits: 8 Subtexel Precision Bits: 8 Mipmap Precision Bits: 8 Max Draw Indexed Index Value: 4294967295 Max Draw Indirect Count: 4294967295 Max Sampler LOD Bias: 15.996094 Max Sampler Anisotropy: 16.000000 Max Viewports: 1 Max Viewport Size: 16384 x 16384 Viewport Bounds Range: -32768.000000 ... 32767.000000 Viewport Subpixel Bits: 8 Min Memory Map Alignment: 64 bytes Min Texel Buffer Offset Alignment: 64 bytes Min Uniform Buffer Offset Alignment: 64 bytes Min Storage Buffer Offset Alignment: 64 bytes Min / Max Texel Offset: -16 / 15 Min / Max Texel Gather Offset: -32 / 31 Min / Max Interpolation Offset: -0.500000 / 0.437500 Subpixel Interpolation Offset Bits: 4 Max Framebuffer Size: 16384 x 16384 Max Framebuffer Layers: 2048 Framebuffer Color Sample Counts: 0x00000007 Framebuffer Depth Sample Counts: 0x00000007 Framebuffer Stencil Sample Counts: 0x00000007 Framebuffer No Attachments Sample Counts: 0x00000007 Max Color Attachments: 8 Sampled Image Color Sample Counts: 0x00000007 Sampled Image Integer Sample Counts: 0x00000007 Sampled Image Depth Sample Counts: 0x00000007 Sampled Image Stencil Sample Counts: 0x00000007 Storage Image Sample Counts: 0x00000001 Max Sample Mask Words: 1 Timestamp Period: 52.083332 ns Max Clip Distances: 8 Max Cull Distances: 8 Max Combined Clip and Cull Distances: 8 Discrete Queue Priorities: 3 Point Size Range: 1.000000 ... 4092.000000 Line Width Range: 1.000000 ... 1.000000 Point Size Granularity: 0.062500 Optimal Buffer Copy Offset Alignment: 64 bytes Optimal Buffer Copy Row Pitch Alignment: 64 bytes Non-Coherent Atom Size: 1 bytes API Version: 1.1.124 Vulkan Library: /system/lib64/libvulkan.so Alpha To One: Supported Anisotropic Filtering: Supported ASTC LDR Texture Compression: Supported BC Texture Compression: Not Supported Depth Bias Clamping: Supported Depth Bounds Tests: Supported Depth Clamping: Supported Draw Indirect First Instance: Supported Dual Source Blend Operations: Supported ETC2 and EAC Texture Compression: Supported Fragment Stores and Atomics: Supported Full Draw Index Uint32: Supported Geometry Shader: Supported Image Cube Array: Supported Independent Blend: Supported Inherited Queries: Supported Large Points: Supported Logic Operations: Not Supported Multi-Draw Indirect: Supported Multi Viewport: Not Supported Occlusion Query Precise: Supported Pipeline Statistics Query: Supported Point and Wireframe Fill Modes: Supported Robust Buffer Access: Supported Sample Rate Shading: Supported Shader Clip Distance: Supported Shader Cull Distance: Supported Shader Float64: Not Supported Shader Image Gather Extended: Supported Shader Int16: Supported Shader Int64: Not Supported Shader Resource Min LOD: Not Supported Shader Resource Residency: Not Supported Shader Sampled Image Array Dynamic Indexing: Supported Shader Storage Buffer Array Dynamic Indexing: Supported Shader Storage Image Array Dynamic Indexing: Supported Shader Storage Image Extended Formats: Supported Shader Storage Image Multisample: Not Supported Shader Storage Image Read Without Format: Supported Shader Storage Image Write Without Format: Supported Shader Tesselation and Geometry Point Size: Not Supported Shader Uniform Buffer Array Dynamic Indexing: Supported Sparse Binding: Not Supported Sparse Residency 2 Samples: Not Supported Sparse Residency 4 Samples: Not Supported Sparse Residency 8 Samples: Not Supported Sparse Residency 16 Samples: Not Supported Sparse Residency Aliased: Not Supported Sparse Residency Aligned Mip Size: No Sparse Residency Buffer: Not Supported Sparse Residency Image 2D: Not Supported Sparse Residency Image 3D: Not Supported Sparse Residency Non-Resident Strict: No Sparse Residency Standard 2D Block Shape: No Sparse Residency Standard 2D Multisample Block Shape: No Sparse Residency Standard 3D Block Shape: No Standard Sample Locations: Yes Strict Line Rasterization: Yes Tesselation Shader: Supported Timestamps on All Graphics and Compute Queues: Supported Variable Multisample Rate: Not Supported Vertex Pipeline Stores and Atomics: Supported Wide Lines: Not Supported Device Extensions: VK_KHR_incremental_present VK_EXT_hdr_metadata VK_KHR_shared_presentable_image VK_GOOGLE_display_timing VK_KHR_external_memory VK_EXT_pipeline_creation_feedback VK_KHR_shader_float16_int8 VK_KHR_get_memory_requirements2 VK_EXT_fragment_density_map VK_KHR_external_semaphore_fd VK_EXT_astc_decode_mode VK_KHR_external_memory_fd VK_KHR_maintenance1 VK_KHR_maintenance2 VK_KHR_maintenance3 VK_EXT_queue_family_foreign VK_KHR_bind_memory2 VK_KHR_external_semaphore VK_EXT_scalar_block_layout VK_KHR_sampler_ycbcr_conversion VK_KHR_variable_pointers VK_KHR_push_descriptor VK_KHR_device_group VK_KHR_relaxed_block_layout VK_KHR_external_fence VK_KHR_multiview VK_KHR_storage_buffer_storage_class VK_IMG_filter_cubic VK_EXT_filter_cubic VK_KHR_image_format_list VK_EXT_sampler_filter_minmax VK_KHR_16bit_storage VK_QCOM_render_pass_transform VK_KHR_create_renderpass2 VK_EXT_transform_feedback VK_KHR_depth_stencil_resolve VK_KHR_shader_float_controls VK_EXT_global_priority VK_KHR_shader_draw_parameters VK_KHR_vulkan_memory_model VK_EXT_line_rasterization VK_KHR_descriptor_update_template VK_KHR_draw_indirect_count VK_KHR_driver_properties VK_ANDROID_external_memory_android_hardware_buffer VK_KHR_dedicated_allocation VK_EXT_sample_locations VK_KHR_swapchain VK_KHR_sampler_mirror_clamp_to_edge VK_KHR_external_fence_fd Instance Extensions: VK_KHR_surface VK_KHR_android_surface VK_EXT_swapchain_colorspace VK_KHR_get_surface_capabilities2 VK_EXT_debug_report VK_KHR_get_physical_device_properties2 VK_KHR_external_semaphore_capabilities VK_KHR_external_memory_capabilities VK_KHR_device_group_creation VK_KHR_external_fence_capabilities
No USB devices found. No CUDA devices found. No PCI devices found.
<<< Thermal >>>
aoss0-usr: 31.6°C cpu-0-0-usr: 35.6°C cpu-0-1-usr: 34.0°C cpu-0-2-usr: 33.6°C cpu-0-3-usr: 35.2°C cpuss-0-usr: 37.5°C cpuss-1-usr: 38.3°C cpu-1-0-usr: 35.2°C cpu-1-1-usr: 36.3°C cpu-1-2-usr: 47.7°C cpu-1-3-usr: 45.3°C cpu-1-4-usr: 35.2°C cpu-1-5-usr: 36.3°C cpu-1-6-usr: 46.1°C cpu-1-7-usr: 44.6°C gpuss-0-usr: 30.5°C aoss-1-usr: 31.6°C cwlan-usr: 30.1°C video-usr: 31.3°C ddr-usr: 32.4°C q6-hvx-usr: 32.4°C camera-usr: 30.9°C cmpss-usr: 31.6°C npu-usr: 30.5°C gpuss-1-usr: 30.9°C gpuss-max-step: 30.9°C apc-0-max-step: 37.9°C apc-1-max-step: 48.1°C pop-mem-step: 32.0°C cpu-0-0-step: 35.6°C cpu-0-1-step: 34.4°C cpu-0-2-step: 33.6°C cpu-0-3-step: 35.2°C cpu-1-0-step: 35.2°C cpu-1-1-step: 35.6°C cpu-1-2-step: 48.9°C cpu-1-3-step: 47.3°C cpu-1-4-step: 35.2°C cpu-1-5-step: 36.0°C cpu-1-6-step: 46.9°C cpu-1-7-step: 46.1°C modem-lte-sub6-pa1: 28.0°C modem-lte-sub6-pa2: 28.0°C modem-skin-usr: 28.0°C modem-wifi-usr: 32.0°C modem-ambient-usr: 27.0°C modem-0-usr: 28.0°C modem-1-usr: 28.0°C pm8150_tz: 33.2°C pm8150l_tz: 32.6°C usb-therm: 27.1°C wpc-therm: 27.3°C ac: 27.6°C battery: 27.2°C Battery: 27.2°C
<<< Sensors >>>
step_detector Non-wakeup: step_counter Non-wakeup: Shake to Share Wakeup: Pocket mode Wakeup: TMD4907 Light Auto Brightness Non-wakeup: WideIR ALS: Tilt Detector Wakeup: TMD4907 Light CCT Non-wakeup: call_gesture Wakeup: SensorHub type: Rotation Vector Non-wakeup: TMD4907 Proximity Proximity Sensor Wakeup: AK09918 Magnetometer-Uncalibrated: interrupt_gyro Non-wakeup: LPS22HH Barometer: motion_detect: Led Cover Event Wakeup: linear_acceleration: gravity Non-wakeup: LSM6DSO Gyroscope: Game Rotation Vector Non-wakeup: LSM6DSO Gyroscope-Uncalibrated: TMD4907 Light Ambient Light Sensor Non-wakeup: Proximity strm: smd Wakeup: Pick Up Gesture Wakeup: Wake Up Motion Wakeup: AK09918 Magnetometer: LSM6DSO Accelerometer-Uncalibrated: LSM6DSO Accelerometer: SX9360 Grip Sensor: Touch Proximity Sensor: Hall IC: TCS3407 Rear ALS: Screen Orientation Sensor: Palm Proximity Sensor version 2: 5.0 cm Motion Sensor: Orientation Sensor:
<<< Apps >>>
AIDA64: com.finalwire.aida64(v1.75) Amazon Shopping: com.amazon.mShop.android.shopping(v20.20.0.100) Among Us: com.innersloth.spacemafia(v2020.9.9) AndSerenade FlipFont: com.monotype.android.font.andserenadel(v1.1) aodNotify: com.jamworks.alwaysondisplay(v3.13) Apple Music: com.apple.android.music(v3.3.2) Appy Weather: appyweather.appyweather(v2020.10.05) Barclays US: com.barclaycardus(v6.33.5) Best Buy: com.bestbuy.android(v20.9.10) Bottom Quick Settings: com.tombayley.bottomquicksettings(v6.1.7) Brawlhalla: air.com.ubisoft.brawl.halla.platform.fighting.action.pvp(v4.07) Calculator: com.sec.android.app.popupcalculator(v12.0.00.14) Cash App: com.squareup.cash(v3.24.1) Clash of Clans: com.supercell.clashofclans(v13.369.18) ClockFace: com.samsung.android.app.clockface(v1.2.08.0) Concepts: com.tophatch.concepts(v2020.08) Discord: com.discord(v42.4) Disney+: com.disney.disneyplus(v1.9.2) Drive: com.google.android.apps.docs(v2.20.381.05.40) eBay: com.ebay.mobile(v6.7.0.10) Facebook: com.facebook.katana(v290.0.0.44.121) Finesta KWGT: finestakwgt.kustom.pack(vv3.0) Flow KWGT: flowkwgt.kustom.pack(vv2.0) Fluent: com.mihul.fluent(v1.5) Galaxy Shop: com.samsung.android.galaxy(v1.0.01.1) GalaxyDiagnosticsVPN: com.samsung.android.app.mobiledoctor.gdvpn(v1.2) Game Pass: com.gamepass(v2009.270.925) Geekbench 5: com.primatelabs.geekbench5(v5.2.0) Good Lock: com.samsung.android.goodlock(v1.0.00.65) Google Play Games: com.google.android.play.games(v2020.09.21380 (332058963.332058963-000408)) Instagram: com.instagram.android(v162.0.0.42.125) Investing: com.fusionmedia.investing(v6.4) Kustom Widget: org.kustom.widget(v3.48b21013) KWGT Pro: org.kustom.widget.pro(vE) LinkedIn: com.linkedin.android(v4.1.497.1) LockStar: com.samsung.systemui.lockstar(v2.0.00.6) M64Plus FZ: org.mupen64plusae.v3.fzurita(v3.0.238-free) Maps Go: com.google.android.apps.mapslite(v144) MEGA: mega.privacy.android.app(v3.7.7 (318)) Messenger: com.facebook.orca(v284.0.0.16.119) Minecraft: com.mojang.minecraftpe(v1.16.40.02) Month: com.candl.chronos(v4.1.200513) Navigation for Maps Go: com.google.android.apps.navlite(v10.30.3) Network Storage Manager: com.samsung.android.app.networkstoragemanager(v11.5.00.331) NotiStar: com.samsung.systemui.notilus(v2.1.22.20) Nova Launcher: com.teslacoilsw.launcher(v6.2.12) Nova Launcher Prime: com.teslacoilsw.launcher.prime(v2019) Odisea KWGT: odiseakwgt.kustom.pack(vv2.03) Outlook: com.microsoft.office.outlook(v4.2039.0) PayPal: com.paypal.android.p2pmobile(v7.32.2) Pentastic: com.samsung.android.pentastic(v1.0.18) PENUP: com.sec.penup(v3.5.03.4) Pokémon GO: com.nianticlabs.pokemongo(v0.187.2) Pokémon HOME: jp.pokemon.pokemonhome(v1.2.1) QuickStar: com.samsung.android.qstuner(v3.2.02.6) Rainpaper: org.oftn.rainpaper(v2.6.2) RAR: com.rarlab.rar(v5.91.build95) Reddit: com.reddit.frontpage(v2020.37.0) Robinhood: com.robinhood.android(v4.30.2) Samsung Global Goals: com.samsung.sree(v2.2.00.5) Samsung Kids: com.sec.android.app.kidshome(v11.0.52.4) Samsung Members: com.samsung.android.voc(v3.7.00.8) Samsung Pay: com.samsung.android.spay(v4.0.20) Shazam: com.shazam.android(v10.50.0-201002) Shop: com.shopify.arrive(v2.12.0-release+230) Smart Switch: com.sec.android.easyMover(v3.7.08.3) SmartThings: com.samsung.android.oneconnect(v1.7.51.42) Snapchat: com.snapchat.android(v11.2.0.68) Spotify: com.spotify.music(v8.5.78.909) Steam: com.valvesoftware.android.steam.community(v2.3.12) Task Changer: com.samsung.android.pluginrecents(v3.0.00.23) Terraria: com.and.games505.TerrariaPaid(v1.3.0.7.9) TikTok: com.zhiliaoapp.musically(v17.6.41) Twitch: tv.twitch.android.app(v9.7.0) Twitter: com.twitter.android(v8.65.0-release.00) Waze: com.waze(v4.67.0.4) Webull: org.dayup.stocks(v6.3.1.29) Wells Fargo: com.wf.wellsfargomobile(v12.0.0.8) WhatsApp: com.whatsapp(v2.20.200.22) Wonderland: com.samsung.android.wonderland.wallpaper(v1.0.26) YouTube Music: com.google.android.apps.youtube.music(v3.86.51)
<<< Codecs >>>
OMX.dolby.ac3.decoder: audio/ac3 OMX.dolby.ac4.decoder: audio/ac4 OMX.dolby.eac3.decoder: audio/eac3 OMX.dolby.eac3_joc.decoder: audio/eac3-joc OMX.qcom.video.encoder.heic: image/vnd.android.heic OMX.qcom.video.decoder.avc: video/avc OMX.qti.video.decoder.h263sw: video/3gpp OMX.qcom.video.decoder.hevc: video/hevc OMX.qti.video.decoder.mpeg4sw: video/mp4v-es OMX.qcom.video.decoder.vp8: video/x-vnd.on2.vp8 OMX.qcom.video.decoder.vp9: video/x-vnd.on2.vp9 OMX.qcom.video.encoder.avc: video/avc OMX.qcom.video.encoder.h263sw: video/3gpp OMX.qcom.video.encoder.hevc: video/hevc OMX.qcom.video.encoder.hevc.cq: video/hevc OMX.qcom.video.encoder.mpeg4sw: video/mp4v-es OMX.qcom.video.encoder.vp8: video/x-vnd.on2.vp8 OMX.SEC.adpcm.dec: audio/x-ima OMX.SEC.amr.dec: audio/3gpp audio/amr-wb OMX.SEC.ape.dec: audio/x-ape OMX.SEC.evrc.dec: audio/evrc OMX.SEC.flac.dec: audio/flac OMX.google.gsm.decoder: audio/gsm OMX.SEC.mp3.dec: audio/mpeg audio/mpeg-L1 audio/mpeg-L2 OMX.SEC.qcelp.dec: audio/qcelp OMX.SEC.wma.dec: audio/x-ms-wma OMX.SEC.evrc.enc: audio/evrc OMX.SEC.qcelp.enc: audio/qcelp c2.android.aac.decoder: audio/mp4a-latm OMX.google.aac.decoder: audio/mp4a-latm c2.android.aac.encoder: audio/mp4a-latm OMX.google.aac.encoder: audio/mp4a-latm c2.android.amrnb.decoder: audio/3gpp OMX.google.amrnb.decoder: audio/3gpp c2.android.amrnb.encoder: audio/3gpp OMX.google.amrnb.encoder: audio/3gpp c2.android.amrwb.decoder: audio/amr-wb OMX.google.amrwb.decoder: audio/amr-wb c2.android.amrwb.encoder: audio/amr-wb OMX.google.amrwb.encoder: audio/amr-wb c2.android.flac.decoder: audio/flac OMX.google.flac.decoder: audio/flac c2.android.flac.encoder: audio/flac OMX.google.flac.encoder: audio/flac c2.android.g711.alaw.decoder: audio/g711-alaw OMX.google.g711.alaw.decoder: audio/g711-alaw c2.android.g711.mlaw.decoder: audio/g711-mlaw OMX.google.g711.mlaw.decoder: audio/g711-mlaw c2.android.mp3.decoder: audio/mpeg OMX.google.mp3.decoder: audio/mpeg c2.android.opus.decoder: audio/opus OMX.google.opus.decoder: audio/opus c2.android.opus.encoder: audio/opus c2.android.raw.decoder: audio/raw OMX.google.raw.decoder: audio/raw c2.android.vorbis.decoder: audio/vorbis OMX.google.vorbis.decoder: audio/vorbis OMX.SEC.aac.dec: audio/mp4a-latm OMX.SEC.naac.enc: audio/mp4a-latm c2.android.av1.decoder: video/av01 c2.android.avc.decoder: video/avc OMX.google.h264.decoder: video/avc c2.android.avc.encoder: video/avc OMX.google.h264.encoder: video/avc c2.android.h263.decoder: video/3gpp OMX.google.h263.decoder: video/3gpp c2.android.h263.encoder: video/3gpp OMX.google.h263.encoder: video/3gpp c2.android.hevc.decoder: video/hevc OMX.google.hevc.decoder: video/hevc c2.android.hevc.encoder: video/hevc c2.android.mpeg4.decoder: video/mp4v-es OMX.google.mpeg4.decoder: video/mp4v-es c2.android.mpeg4.encoder: video/mp4v-es OMX.google.mpeg4.encoder: video/mp4v-es c2.android.vp8.decoder: video/x-vnd.on2.vp8 OMX.google.vp8.decoder: video/x-vnd.on2.vp8 c2.android.vp8.encoder: video/x-vnd.on2.vp8 OMX.google.vp8.encoder: video/x-vnd.on2.vp8 c2.android.vp9.decoder: video/x-vnd.on2.vp9 OMX.google.vp9.decoder: video/x-vnd.on2.vp9 c2.android.vp9.encoder: video/x-vnd.on2.vp9 OMX.google.vp9.encoder: video/x-vnd.on2.vp9 OMX.SEC.avc.sw.dec: video/avc OMX.SEC.h263.sw.dec: video/3gpp OMX.SEC.hevc.sw.dec: video/hevc OMX.SEC.mp43.dec: video/mp43 OMX.SEC.mpeg4.sw.dec: video/mp4v-es OMX.SEC.vc1.sw.dec: video/wvc1 OMX.SEC.vp8.dec: video/x-vnd.on2.vp8 OMX.SEC.wmv7.dec: video/x-ms-wmv7 OMX.SEC.wmv8.dec: video/x-ms-wmv8
<<< Directories >>>
Data: /data Root: /system Java Home: /system Download/Cache Content: /data/cache
<< External Storage >> Primary External Storage: /storage/emulated/0 External Files #1: /storage/emulated/0/Android/data/com.finalwire.aida64/files Alarms: /storage/emulated/0/Alarms DCIM: /storage/emulated/0/DCIM Downloads: /storage/emulated/0/Download Movies: /storage/emulated/0/Movies Music: /storage/emulated/0/Music Notifications: /storage/emulated/0/Notifications Pictures: /storage/emulated/0/Pictures Podcasts: /storage/emulated/0/Podcasts Ringtones: /storage/emulated/0/Ringtones
<< Mount Points >> /: Device: /dev/block/dm-4 File System: ext4 Read-Only /dev: Device: tmpfs File System: tmpfs Read-Write /dev/pts: Device: devpts File System: devpts Read-Write /dev/memcg: Device: none File System: cgroup Read-Write /dev/blkio: Device: none File System: cgroup Read-Write /dev/cg2_bpf: Device: none File System: cgroup2 Read-Write /dev/cpuctl: Device: none File System: cgroup Read-Write /dev/cpuset: Device: none File System: cgroup Read-Write /dev/stune: Device: none File System: cgroup Read-Write /dev/freezer: Device: none File System: cgroup Read-Write /dev/usb-ffs/adb: Device: adb File System: functionfs Read-Write /proc: Device: proc File System: proc Read-Write /sys: Device: sysfs File System: sysfs Read-Write /sys/fs/selinux: Device: selinuxfs File System: selinuxfs Read-Write /sys/kernel/debug: Device: debugfs File System: debugfs Read-Write /sys/kernel/debug/tracing: Device: tracefs File System: tracefs Read-Write /sys/fs/bpf: Device: bpf File System: bpf Read-Write /sys/fs/pstore: Device: pstore File System: pstore Read-Write /mnt: Device: tmpfs File System: tmpfs Read-Write /mnt/secure/asec: Device: tmpfs File System: tmpfs Read-Write /mnt/sde: Device: tmpfs File System: tmpfs Read-Write /mnt/vendopersist: Device: /dev/block/bootdevice/by-name/persist File System: ext4 Read-Write /mnt/vendoefs: Device: /dev/block/bootdevice/by-name/efs File System: ext4 Read-Write /mnt/shell/enc_emulated: Device: /data/knox/secure_fs/enc_media File System: sdcardfs Read-Write /mnt/runtime/default/emulated: Device: /data/media File System: sdcardfs Read-Write /mnt/runtime/read/emulated: Device: /data/media File System: sdcardfs Read-Write /mnt/runtime/write/emulated: Device: /data/media File System: sdcardfs Read-Write /mnt/runtime/full/emulated: Device: /data/media File System: sdcardfs Read-Write /apex: Device: tmpfs File System: tmpfs Read-Write /apex/[email protected]: Device: /dev/block/dm-10 File System: ext4 Read-Only /apex/com.android.tzdata: Device: /dev/block/dm-10 File System: ext4 Read-Only /apex/[email protected]: Device: /dev/block/dm-11 File System: ext4 Read-Only /apex/com.android.media: Device: /dev/block/dm-11 File System: ext4 Read-Only /apex/[email protected]: Device: /dev/block/dm-12 File System: ext4 Read-Only /apex/com.android.media.swcodec: Device: /dev/block/dm-12 File System: ext4 Read-Only /apex/[email protected]: Device: /dev/block/loop5 File System: ext4 Read-Only /apex/com.android.apex.cts.shim: Device: /dev/block/loop5 File System: ext4 Read-Only /apex/[email protected]: Device: /dev/block/loop6 File System: ext4 Read-Only /apex/com.android.runtime: Device: /dev/block/loop6 File System: ext4 Read-Only /apex/[email protected]: Device: /dev/block/loop7 File System: ext4 Read-Only /apex/com.android.conscrypt: Device: /dev/block/loop7 File System: ext4 Read-Only /apex/[email protected]: Device: /dev/block/loop8 File System: ext4 Read-Only /apex/com.android.resolv: Device: /dev/block/loop8 File System: ext4 Read-Only /metadata: Device: /dev/block/platform/soc/1d84000.ufshc/by-name/metadata File System: ext4 Read-Write /product: Device: /dev/block/dm-5 File System: ext4 Read-Only /vendor: Device: /dev/block/dm-6 File System: ext4 Read-Only /vendofirmware_mnt: Device: /dev/block/bootdevice/by-name/apnhlos File System: vfat Read-Only /vendofirmware-modem: Device: /dev/block/bootdevice/by-name/modem File System: vfat Read-Only /vendodsp: Device: /dev/block/bootdevice/by-name/dsp File System: ext4 Read-Only /odm: Device: /dev/block/dm-7 File System: ext4 Read-Only /prism: Device: /dev/block/dm-8 File System: ext4 Read-Only /optics: Device: /dev/block/dm-9 File System: ext4 Read-Only /acct: Device: none File System: cgroup Read-Write /config: Device: none File System: configfs Read-Write /cache: Device: /dev/block/bootdevice/by-name/cache File System: ext4 Read-Write /efs: Device: /dev/block/bootdevice/by-name/sec_efs File System: ext4 Read-Write /carrier: Device: /dev/block/bootdevice/by-name/carrier File System: ext4 Read-Write /dqmdbg: Device: /dev/block/bootdevice/by-name/dqmdbg File System: ext4 Read-Write /spu: Device: /dev/block/bootdevice/by-name/spu File System: ext4 Read-Write /keydata: Device: /dev/block/bootdevice/by-name/keydata File System: ext4 Read-Write /keyrefuge: Device: /dev/block/bootdevice/by-name/keyrefuge File System: ext4 Read-Write /omr: Device: /dev/block/bootdevice/by-name/omr File System: ext4 Read-Write /data: Device: /dev/block/bootdevice/by-name/userdata File System: f2fs Read-Write /storage: Device: tmpfs File System: tmpfs Read-Write /storage/emulated: Device: /data/media File System: sdcardfs Read-Write /storage/self: Device: tmpfs File System: tmpfs Read-Write
<<< System Files >>>
Buddy Info: /proc/buddyinfo Build Properties: /system/build.prop Character & Block Devices: /proc/devices Command Line: /proc/cmdline CPU Information: /proc/cpuinfo Default Properties: /default.prop Execution Domains: /proc/execdomains File Systems: /proc/filesystems Frame Buffer Devices: /proc/fb Hosts: /system/etc/hosts Interrupts: /proc/interrupts Input Devices: /proc/bus/input/devices I/O Ports: /proc/ioports Kernel Version: /proc/version Load Average: /proc/loadavg Locked Files: /proc/locks Memory Information: /proc/meminfo Memory Map: /proc/iomem Misc Drivers: /proc/misc Partitions: /proc/partitions PCI Devices: /proc/bus/pci/devices Slab Info: /proc/slabinfo Statistics: /proc/stat Swap Spaces: /proc/swaps Vold Fstab: /system/etc/vold.fstab )
submitted by iAmGionism to note20ultra [link] [comments]


2020.09.25 16:35 spacej3di Morning Market Synopsis - Friday, Sept. 25, 2020

US equities mostly higher: Dow +0.05%, S&P 500 +0.18%, Nasdaq +0.66%, Russell 2000 +0.85%
Notable Gainers:
Notable Decliners:
09:28:32 AM CDT on 25 Sep '20
submitted by spacej3di to stocks [link] [comments]


2020.09.20 12:38 grandcityinvestment SBLC Meaning & bg sblc provider

SBLC Meaning & bg sblc provider
What is Standby Letter of Credit (SBLC or SLOC)? A standby letter of credit (SBLC or SLOC) is a legal document that guarantees a bank’s commitment of payment to a seller in the event that the buyer–or the bank’s client–defaults on the agreement. Grand City Investment Limited is a Standby Letter of Credit provider, bg sblc provider, bank guarantee provider, Real SBLC Provider, bank instrument provider, Lease SBLC, SBLC Funding, SBLC Financing & BG SBLC Monetization, We are monetizers of bank instruments.
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A standby letter of credit helps facilitate international trade between companies that don’t know each other and have different laws and regulations. Although the buyer is certain to receive the goods and the seller certain to receive payment, a Standby Letter of Credit (SBLC or SLOC) doesn’t guarantee that the buyer will be happy with the goods. A standby letter of credit can also be abbreviated SBLC Also, a standby letter of credit is different from a bank guarantee.

How a Standby Letter of Credit Works

A SLOC/SBLC is most often sought by a business to help it obtain a contract. The contract is a “standby” agreement because the bank will have to pay only in a worst-case scenario. Although an SBLC guarantees payment to a seller, the agreement must be followed exactly. For example, a delay in shipping or a misspelling a company’s name can lead to the bank refusing to make the payment.

What is the difference between SBLCs and LCs?

A Standby Letter of Credit is different from a Letter of Credit. An SBLC is paid when called on after conditions have not been fulfilled. However, a Letter of Credit is the guarantee of payment when certain specifications are met and documents received from the selling party.
Both the regular letter of credit and standby letter of credit are payment instruments used in international trade. However, there are some basic differences which we will try to explain below. LC Vs. SBLC A. LC: A letter of credit is a promise from the bank that the buyer i.e. importer will fulfill his payment obligation and pay the full invoice amount on time. The role of the issuing bank is to make sure that the buyer pays. In case the buyer is unable to fulfill his obligation, the bank will pay to the seller i.e. the exporter, but the funds come from the buyer. B. SBLC: A standby letter of credit is a secondary payment method where bank guarantees the payment when terms of the letter of credit are fulfilled by the seller. It is a kind of additional safety net for the seller. The buyer may not pay the seller due to multiple reasons such as cash flow crunch, dishonesty, bankruptcy, etc. But as long as the seller meet’s the requirement of a standby letter of credit, the bank will pay.
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The purpose of this letter is to establish a bank guarantee for the deal or transaction with a third party. For example, if an individual wishes to take a loan, but does not have a sufficient credit standing, the bank may then ask for a guarantee from another party (third party), and this is done in the form of a standby letter of credit that is issued by another bank. However, the said individual would then have to produce certain documents or evidence to support the non-performance of the buyer to obtain the payment through the SBLC.
The bank is obligated to make payment if the documents presented comply with the terms of contract. Though, the SBLC are considered very versatile and can be used with modifications to suit the interests and requirements of the buyers and sellers.
Letters of credit are used extensively in the financing of international trade, where the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter, where it assumes the counterparty risk of the buyer paying the seller for goods. The Standby Letter Of Credit (SBLC) is governed by a set of guidelines known as the Uniform Customs and Practice (UCP 600), which was first created in the 1930s by the International Chamber of Commerce (ICC).

Uses of SBLC

An SBLC is frequently used as a safety mechanism for the beneficiary, in an attempt to hedge out risks associated with the trade. Simplistically, it is a guarantee of payment which will be issued by a bank on the behalf of a client. It is also perceived as a “payment of last resort” due to the circumstances under which it is called upon. The SBLC prevents contracts going unfulfilled if a business declares bankruptcy or cannot otherwise meet financial obligations.
Furthermore, the presence of an SBLC is usually seen as a sign of good faith as it provides proof of the buyer’s credit quality and the ability to make payment. In order to set this up, a short underwriting duty is performed to ensure the credit quality of the party that is looking for a letter of credit. Once this has been performed, a notification is then sent to the bank of the party who requested the Letter of Credit (typically the seller).
In the case of a default, the counter-party may have part of the finance paid back by the issuing bank under an SBLC. Standby Letter of Credit’s are used to promote confidence in companies because of this.

Types of Standby Letters of Credit (SBLC/SLOC)



Advantages of a Standby Letter of Credit (SBLC / SLOC)

The SLOC is often seen in contracts involving international trade, which tend to involve a large commitment of money and have added risks.
For the business that is presented with a SLOC, the greatest advantage is the potential ease of getting out of that worst-case scenario. If an agreement calls for payment within 30 days of delivery and the payment is not made, the seller can present the SLOC to the buyer’s bank for payment. Thus, the seller is guaranteed to be paid. Another advantage for the seller is that the SBLC reduces the risk of the production order being changed or canceled by the buyer.
An SBLC helps ensure that the buyer will receive the goods or service that’s outlined in the document. For example, if a contract calls for the construction of a building and the builder fails to deliver, the client presents the SLOC to the bank to be made whole. Another advantage when involved in global trade, a buyer has an increased certainty that the goods will be delivered from the seller.
Also, small businesses can have difficulty competing against bigger and better-known rivals. An SBLC can add credibility to its bid for a project and can often times help avoid an upfront payment to the seller.

Cost of SBLC

Grand City Investment Limited are lc, bg and sblc providers, our sblc leasing fee is 4% leasing fee per year. If the bg / sblc is needed for more than one year, there will be an option of rolls and extensions where applicable. If the terms of the contract are fulfilled early, the customer can cancel the BG/SLBC without incurring additional charges.

What is BG SBLC funding, SBLC Financing & BG/SBLC Monetization?

SBLC financing or bank guarantee funding or bg sblc monetization is the process of converting a bg bank guarantee or sblc into a legal tender.
Grand City Investment Limited is a bg sblc monetizers. We can arrange bg / sblc for your import and export transactions, credit enhancement as well as in your trade finance transactions. We can also discount or monetize a bg or sblc @ 75% LTV.
DESCRIPTION OF BUY/PURCHASE BANK INSTRUMENT (BG/SBLC/SLOC)
  1. Instrument: BG (Bank Guarantee) Standby Letter of Credit (SBLC), cash-backed,
    1. Total Face Value: EuUSD 2 Million (Min) to EuUSD 500m (Max)
    2. Issuing Bank: HSBC Hong Kong, Barclays Bank London, Deutsch Bank AG, Frankfurt or any AA Rated Bank.
    3. Term / Age: One (1) Year and One (1) day, Fresh Cut
    4. Invoice Price: 45% Net and 47% Gross of the face value of each BG/SBLC to the Seller, including 2% consultancy fees as per IMFPA.
  2. Consultation Fee: In total of 2%, which is to be split and paid to the consultants as follows:
1% to …(Seller’s Mandate).., paid by the SellePayer-1
1% to ………………………, paid by the BuyePayer-2 7. Delivery of instrument: Bank-To-Bank by SWIFT MT-760, as per the Schedule of Delivery of Buy-Sell Agreement
  1. Payment for instruments: By SWIFT MT-103 wire transfer
    1. Original Hard Copy: By bonded courier to Buyer’s designated Depository Bank within Seven (7) bank working days after receipt of BG/SBLC(s) settlement payment by SWIFT MT-103 into the Seller’s account.
BELOW IS THE DESCRIPTION OF LEASE BANK INSTRUMENTS (BG/SBLC/SLOC)
  1. Instrument: Fully Cash Backed Bank Guarantee {BG} or StandBy Letter of Credit {SBLC}
    1. Total Face Value: USD 2Million (Min) to USD 500m (Max)
    2. Issuing Bank: HSBC Hong Kong, Barclays Bank London or any prime Bank.
    3. Age: One Year and One Day (with rolls and extensions where applicable)
    4. Leasing Price: 4% (+ 2% brokers commission where applicable) 2% broker commission applies to clients that were introduced by brokers
    5. Delivery: SWIFT MT-760
    6. Payment: MT103 Wire Transfer
    7. Hard Copy: Bonded Courier within 7 banking days.9. Bank Transmission fee: Depends on the face value of the bank instrument
How to Obtain a Standby Letter of Credit
The standby letter of credit process is similar to that of obtaining a commercial loan, with a few key differences.
As with any business loan, you will need to provide proof of your creditworthiness to the bank. However, the SLOC approval process is much quicker, with letters often being issued within a week of all paperwork being submitted.
When it comes to issuance, leasing, funding and monetization of any bank instrument such as bank guarantee, standby letter of credit, bg sblc, getting to the finish line is all that counts and that’s what we excel in at Grand City Investment Limited.
Below are a few of the things that make us unique and different from other companies. 1. We are a Government of Hong Kong Licensed Money Lender that Is Legally Registered in Hong Kong since May 29, 1984, that is 37 years of successful service and excellence. 2. we issue bg, dlc and sblc from world class banks such as Citibank New York, Chase Bank, Welsfargo Bank, Bank of America, Credit Suisse, Barclays bank London, HSBC Hong Kong or HSBC London, Standard Chartered Bank London, Dubai or Hong Kong, UBS Switzerland, Deutsche Bank AG Germany or any prime bank of choice. 3. We issue bg sblc in both usd or Euro Currencies, if you pay in usd we Issue in usd & if you Pay in Euro, we issue in Euro. 4. Your Privacy is our Priority, we do not share your data or Business Transactions with third parties. 5. Since 1984 till date No Customer has ever had a failed transaction with us. We have 99% success rate. 6. Brokers Always Welcomed & Protected against possible circumvention. 7. We have solutions for every customer in every industry. 8. We are Efficient, Consistent, Transparent & Reliable 9. We are straight to the point 10. Experienced and qualified staff 11. Extremely Satisfied Clients 12. No prepayment penalty 13. Fast Approvals Closing 14. No Hidden Fees or charges Therefore, if you are looking for Lease or Rent Bank Guarantees, bg, dlc sblc, L/C or loans and project funding then you have come to the right place. Kindly contact us today for all your financial needs. NOTICE TO BROKERS/AGENTS/COMPANY REPS: We value and appreciate brokers who are direct to their clients. New brokers are welcomed and compensated with between 1% to 2% commission on every deal. Here are a few of the many benefits of being a Grand City Investment broker: 📷SBLC Meaning & bg sblc provider Professional Support for brokers Earn between 1% to 2% Commission on Every Deal No Broker Chains, So please Be Direct to your clients Brokers are 100% Protected Against Possible Circumvention. Wide Range of Financial Instruments to choose from such as bg sblc issuance & Monetization Programs.
Email: [[email protected]](mailto:[email protected]) Skype: dr.williams09787
Tags:
bg sblc providers, hsbc standby letter of credit, performance standby letter of credit, SBLC Meaning, standby letter of credit bank of america, standby letter of credit providers, standby letter of credit uk, standby letter of credit usa, types of standby letter of credit
submitted by grandcityinvestment to u/grandcityinvestment [link] [comments]


2020.09.09 23:56 CovidConfessions Converting high-fee target date fund to low-fee individual funds. Fund selection help.

I have 401(a) that is fully funded by my employer and 457 account with no matching, both are through ICMA-RC. I'm looking for advice on converting the high fee VP Milestone 2045 R5 (Gross Expense 0.87%, Net Expense 0.79%) I'm currently invested in into a mix of their US Stock, International Stock, and Bond Index funds. I currently have a little over $30k between the two accounts.
This is what ICMA-RC has available to me with lower expenses (Gross 0.24%, Net 0.19%) :
US stocks, approximating S&P 500, Russell 3000, and Russell 2500 indexes.
International stocks, approximating MSCI Europe Australasia Far East (EAFE) Index (Net)
Bonds, approximating Bloomberg Barclays U.S. Aggregate Bond Index.
I'm 38 years old and other than about $7,500 in a Vanguard Target Date plan from a previous employer, this is my entire retirement savings. Per the Prime Directive, I've stopped paying into the 457 to divert into my Emergency Fund, which should be fully funded by the end of the year. Once that is full I'll get an IRA with Vanguard and work toward maxing out a target date fund with them, then look to re-funding the 457 account the same way I will be funding the 401(a).
So with that in mind, I need to figure out what percentage of bonds I should have, what split I should have on US vs. International stocks, and how to split the US stocks between the three available funds.
1) I've seen the recommendations in the Wiki about what percentage should be in bonds vs stocks, but it is a pretty big range. Stock recommendations range from 130-age to 100-age, which for me means between 8% and 38% bonds. The Target Date fund I'm currently invested in is about 9% bonds, if I'm reading it right. What factors do I need to consider when setting this percentage?
2) Is the Bond fund listed above a good choice, or is it bad enough that I should consider a more expensive fund?
3) Is 70/30 US to International stock still a good split?
4) The Russell 3000 approximating fund is a total stock market index fund, as recommended in the 401(k) wiki. Should I go with just that, or include a mix of the S&P 500 and/or Russell 2500 approximating funds?
5) Is the international stock fund listed above a good choice, or should I consider a more expensive international index fund?
submitted by CovidConfessions to personalfinance [link] [comments]


2020.09.04 10:07 SomeCruzDude Meagathread: WSL & Championship Week 1 [Sat 5th & Sun. 6th Sep.] - Full schedule, where to watch matches, and more info!

WSL & Championship WEEK 1!

Date BST EDT HOME AWAY Comp UK International
05/09 14:30 9:30am Aston Villa Manchester City WSL BT Sport 2 (Free!) Varies*
06/09 12:30 7:30am Arsenal Reading WSL BBC RB/iPlayer Varies*
06/09 14:00 9:00am Brighton & Hove Albion Birmingham City WSL FA Player FA Player
06/09 14:00 9:00am Bristol City Everton WSL FA Player FA Player
06/09 14:00 9:00am Tottenham Hotspur West Ham United WSL FA Player FA Player
06/09 14:30 9:30am Manchester United Chelsea WSL BT Sport 1 Varies*
06/09 14:00 9:00am Liverpool Durham Cha. FA Player FA Player
06/09 14:00 9:00am Charlton Athletic Crystal Palace Cha. Replay after full-time
06/09 14:00 9:00am Coventry United London Bees Cha. Replay after full-time
06/09 14:00 9:00am Leicester City Blackburn Rovers Cha. Replay after full-time
06/09 14:00 9:00am London City Lionesses Sheffield United Cha. Replay after full-time
*Exceptions for select international broadcasts are: Australia, Canada, Central America, Dominican Republic, Mexico, Nordics, Germany, Italy, & USA

Don't see a match thread around the time the match is supposed to start? Request one from matchthreadder using this link! Just replace "Home" and "Away" with the relevant teams

Want a club flair next to your name? Request in this thread for WSL, Championship, and more!

submitted by SomeCruzDude to FAWSL [link] [comments]


2020.08.20 09:15 Cicero1982 Your Pre-Market Brief for 08/20/2020

Your Pre Market Brief for Thursday August 20th 2020

You can subscribe to the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub.
Morning Research and Trading Prep Tool Kit
The Ultimate Quick Resource For the Amateur Trader.
Published 3:15 AM EST / Updated as of 4:00 AM EST
-----------------------------------------------
Stock Futures:
Tuesday 08/19/2020 News and Markets Recap:
Thursday August 20th 2020 Economic Calendar (All times are Eastern)
JOBLESS CLAIMS TODAY!
News Heading into Thursday August 20th 2020
NOTE: PLEASE DO NOT YOLO THE VARIOUS TICKERS WITHOUT DOING RESEARCH. THE TIME STAMPS ON THE FOLLOWING ARTICLES MAY BE LATER THAN OTHERS ON THE WEB. THE CREATOR OF THIS THREAD COMPILED THE FOLLOWING IN A QUICK MANNER AND DOES NOT ATTEST TO THE VERACITY OF THE INFORMATION BELOW. YOU ARE RESPONSIBLE FOR VETTING YOUR OWN SOURCES AND DOING YOUR OWN DD.
Note: Seeking A url's and Reddit do not get along.
Upcoming Earnings:
COVID-19 Stats and News:
Macro Considerations:
Most Recent SEC Filings
Other
-----------------------------------------------
Morning Research and Trading Prep Tool Kit
Other Useful Resources:
The Ultimate Quick Resource For the Amateur Trader.
Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily brief in this sub
It is up to you to judge the accuracy and veracity of these headlines before trading.
submitted by Cicero1982 to pennystocks [link] [comments]


2020.08.11 14:41 KenA2000 There's got to be a more efficient system than what I have...

Hi, I'm currently sitting here, scratching my head as to how I can improve the whole efficiency and effectiveness of running my mountain guiding business, which currently seems messy, clunky and quite time-consuming. It all feels quite manual and there must be systems and apps that could both speed things up and ensure fewer things are missed. I can't be the only one to come up against these issues.
If I list out the process and some of the potential flaws, that might hopefully give you an idea of where I'm at.
There are two of us that deal with the admin (and do most of the guiding). We use Office 365 Business to store files, calendar and emails (I personally use Thunderbird with an Exchange plug-in, as I find it quicker than using the desktop version of Outlook). Our website is built using Wordpress and we use Gravity Forms. We use Quickbooks for invoices. Most of our clients pay by BACS (to a Barclays business account, which doesn't give instant notifications when we are paid). We also take the odd card payment via Stripe and recommend that international clients pay by Transferwise.
1) Clients get in touch either via contact forms on the website or via direct email. I use colour tags within Thunderbird to donate the status of each email, e.g. ORANGE for awaiting reply from the client, RED for I need to do something with the email, GREEN for invoice sent and awaiting payment, however, these colours don't show on my colleague's email client. He has a series of folders that he moves emails into, depending on the stage.
2) We reply to enquiries, which tend to turn into short dialogues, to pin down dates and to discuss exact requirements. We offer a mix of fixed-date courses (which in theory, people can just book straight on to, these could be 'buy-now' items) and private guiding on dates to suit the client, which generally requires a bit more to-ing and fro-ing to establish what the client wants.
At this stage, it's quite tricky to keep tabs on where in the sales funnel clients are at. Some need a gentle nudge to get them back on board, others will have enquired elsewhere and we may not hear from them again. There's nothing automated in place to chase up leads.
3) Once dates have been established, I email our guides (I send an email putting the guides addresses, taken out of the address book, as BCC and put our email address in the TO field). The guides are split up into broad categories, depending on skillset.
4) Guides reply with their availability. We can get quite a few replies from guides, which can clog up the inbox. I try to keep those emails until the client has booked, just so I can easily see which guides are available up until the point of booking. I’ve recently just thrown all availability emails into a separate folder so that my own inbox is just for client emails. As the guides work on a freelance basis, they’ll be entitled to take work from elsewhere as well, and if a client leaves it a while, this can mean that some guides are no longer available at the time of booking.
5) Once I know we have a guide available, I’ll let the client know, and send them a link to their Quickbooks invoice, asking them to pay 50% deposit unless it’s less than 6 weeks prior to the start date, in which case, they need to pay the full amount. I also ask them to complete an on-line booking form, which when submitted, sends the info to me as an email. This gets saved to a One Drive folder. The folder is specific to each booking and the link for which will be sent to guides nearer the course date.
Payments will appear on the bank feed within Quickbooks, which I need to manually update. Otherwise, unless the client tells me that they’ve paid, or I manually check the bank account, a payment can go unnoticed for a couple of days.
6) Once the client has paid (either a deposit or full amount), by either card payment or BACS, I confirm date/work with guide and enter the booking onto the Office 365 Calendar.
7) With about a week to go, so long as I remember, I send client details (as a One Drive Folder link) to the guide and ask them to get in touch with the client. At the same time, I send the client contact details for their guide.
8) Guide and clients go out in the mountains
9) Afterwards, I then email the client, asking for feedback. If excellent, which it almost always is, I then send another email asking them to post reviews on Trip Advisor, Google My Business and Facebook. I may also send a link to a Google Photos Album, which contains photos taken.
So that’s it in a nutshell. There’s very little integration of the above processes, it’s largely all my doing, but also, I’m out guiding in the hills as much as possible, as that’s when I really earn money, rather than when I’m paying freelance staff to do it.
I have a box on the booking form to ask whether clients want to sign up to the newsletter, but in reality, I’ve not had the time to do anything with those email address, such as enter them into our Mail Chimp account, never mind actually publish any newsletters.
Any recommendations would be hugely appreciated, as things stand, the admin isn't exactly a barrel of laughs. From a financial perspective, hiring another pair of hands isn't really an option.
submitted by KenA2000 to CRM [link] [comments]


2020.08.11 14:40 KenA2000 There's got to be a more efficient system than what I have...

Hi, I'm currently sitting here, scratching my head as to how I can improve the whole efficiency and effectiveness of running my mountain guiding business, which currently seems messy, clunky and quite time-consuming. It all feels quite manual and there must be systems and apps that could both speed things up and ensure fewer things are missed. I can't be the only one to come up against these issues.
If I list out the process and some of the potential flaws, that might hopefully give you an idea of where I'm at.
There are two of us that deal with the admin (and do most of the guiding). We use Office 365 Business to store files, calendar and emails (I personally use Thunderbird with an Exchange plug-in, as I find it quicker than using the desktop version of Outlook). Our website is built using Wordpress and we use Gravity Forms. We use Quickbooks for invoices. Most of our clients pay by BACS (to a Barclays business account, which doesn't give instant notifications when we are paid). We also take the odd card payment via Stripe and recommend that international clients pay by Transferwise.
1) Clients get in touch either via contact forms on the website or via direct email. I use colour tags within Thunderbird to donate the status of each email, e.g. ORANGE for awaiting reply from the client, RED for I need to do something with the email, GREEN for invoice sent and awaiting payment, however, these colours don't show on my colleague's email client. He has a series of folders that he moves emails into, depending on the stage.
2) We reply to enquiries, which tend to turn into short dialogues, to pin down dates and to discuss exact requirements. We offer a mix of fixed-date courses (which in theory, people can just book straight on to, these could be 'buy-now' items) and private guiding on dates to suit the client, which generally requires a bit more to-ing and fro-ing to establish what the client wants.
At this stage, it's quite tricky to keep tabs on where in the sales funnel clients are at. Some need a gentle nudge to get them back on board, others will have enquired elsewhere and we may not hear from them again. There's nothing automated in place to chase up leads.
3) Once dates have been established, I email our guides (I send an email putting the guides addresses, taken out of the address book, as BCC and put our email address in the TO field). The guides are split up into broad categories, depending on skillset.
4) Guides reply with their availability. We can get quite a few replies from guides, which can clog up the inbox. I try to keep those emails until the client has booked, just so I can easily see which guides are available up until the point of booking. I’ve recently just thrown all availability emails into a separate folder so that my own inbox is just for client emails. As the guides work on a freelance basis, they’ll be entitled to take work from elsewhere as well, and if a client leaves it a while, this can mean that some guides are no longer available at the time of booking.
5) Once I know we have a guide available, I’ll let the client know, and send them a link to their Quickbooks invoice, asking them to pay 50% deposit unless it’s less than 6 weeks prior to the start date, in which case, they need to pay the full amount. I also ask them to complete an on-line booking form, which when submitted, sends the info to me as an email. This gets saved to a One Drive folder. The folder is specific to each booking and the link for which will be sent to guides nearer the course date.
Payments will appear on the bank feed within Quickbooks, which I need to manually update. Otherwise, unless the client tells me that they’ve paid, or I manually check the bank account, a payment can go unnoticed for a couple of days.
6) Once the client has paid (either a deposit or full amount), by either card payment or BACS, I confirm date/work with guide and enter the booking onto the Office 365 Calendar.
7) With about a week to go, so long as I remember, I send client details (as a One Drive Folder link) to the guide and ask them to get in touch with the client. At the same time, I send the client contact details for their guide.
8) Guide and clients go out in the mountains
9) Afterwards, I then email the client, asking for feedback. If excellent, which it almost always is, I then send another email asking them to post reviews on Trip Advisor, Google My Business and Facebook. I may also send a link to a Google Photos Album, which contains photos taken.
So that’s it in a nutshell. There’s very little integration of the above processes, it’s largely all my doing, but also, I’m out guiding in the hills as much as possible, as that’s when I really earn money, rather than when I’m paying freelance staff to do it.
I have a box on the booking form to ask whether clients want to sign up to the newsletter, but in reality, I’ve not had the time to do anything with those email address, such as enter them into our Mail Chimp account, never mind actually publish any newsletters.
Any recommendations would be hugely appreciated, as things stand, the admin isn't exactly a barrel of laughs. From a financial perspective, hiring another pair of hands isn't really an option.
submitted by KenA2000 to smallbusiness [link] [comments]


2020.07.27 21:18 __justsayin__ Monday’s TSX breakouts: A newly listed growth stock trading at a record high with further upside potential

https://www.theglobeandmail.com/investing/markets/inside-the-market/article-mondays-tsx-breakouts-a-newly-listed-growth-stock-trading-at-a/
On today’s TSX Breakouts report, there are 38 stocks on the positive breakouts list (stocks with positive price momentum), and nine stocks are on the negative breakouts list (stocks with negative price momentum).
Discussed today is a stock that surfaced on the positive breakouts list. The company recently announced a large, attractive pending acquisition that would rapidly expand the company’s presence in the U.S. market. If approved, the acquisition is expected to be completed in the third-quarter. This could be a near-term catalyst for the stock with analysts’ potentially revaluing their target prices using a higher multiple. Featured today is GFL Environmental Inc. (GFL-T).
A brief outline is provided below that may serve as a springboard for further fundamental research when conducting your own due diligence.
THE COMPANY Ontario-based GFL has three main sources of revenue: solid waste (e.g. residential and commercial garbage collections and landfills), infrastructure and soil remediation, and liquid waste (e.g. liquid waste from industrial and commercial customers such as used motor oil).
In 2019, solid waste represents the bulk of the company’s revenue, 74 per cent of revenue, infrastructure and soil remediation accounted for 16 per cent of revenue, and liquid waste represented 10 per cent of revenue. Last quarter, residential collection represented 26 per cent of total revenue, and commercial collection represented 33 per cent of total revenue.
The company has a diversified customer base with the top 10 customers representing roughly 10 per cent of 2019 revenue. No individual customer accounted for more than approximately 3 per cent of 2019 revenue.
HIGHLIGHTED BELOW ARE SEVERAL KEY ATTRIBUTES: * Industry leader: GFL is North America’s fourth largest diversified environmental services company. In terms of geographical revenue mix, in 2019, 53 per cent of revenue was from Canada, with the remainder, 47 per cent, from the U.S.
Since 2007, the company has completed over 100 acquisitions. The industry is highly fragmented with many regional and independent operators providing GFL with opportunistic tuck-in (smaller) acquisitions to fuel the company’s continued growth.
The company will be reporting its second-quarter financial results after the market closes on Wednesday Aug. 5. Management will be hosting an earnings call the following day at 8 a.m. (ET).
The Street is anticipating the company to report revenue of $994-million and EBITDA of $246-million.
The stock has a dual-class share structure with subordinated voting shares and multiple voting shares.
The stock is dual-listed, trading on the Toronto Stock Exchange as well as the New York Stock Exchange under the ticker GFL.
Dividend policy
GFL pays its shareholders a quarterly dividend of 1 US cent per share, or 4 US cents per share yearly, equating to a current annualized yield of 0.2 per cent.
Analysts’ recommendations
The company is actively covered by 12 analysts, of which nine have buy-equivalent recommendations and three analysts have neutral recommendations.
The firms providing research coverage on the company are: Barclays, BMO Nesbitt Burns, CIBC World Markets, Goldman Sachs, Jefferies, J.P. Morgan, National Bank Financial, Raymond James, RBC Dominion Securities, Scotiabank, Stifel and TD Securities.
Revised recommendations
Earlier this month, two analysts revised their expectations higher.
CIBC’s Kevin Chiang upgraded his recommendation to an “outperform” from a “neutral” but maintained his target price at $29.50. Mark Neville, an analyst at Scotiabank, lifted his target price to US$25 from US$23. Financial forecasts
The Street is forecasting EBITDA of $1.05-billion in 2020, rising 25 per cent to $1.31-billion in 2021.
Earnings expectations have increased in recent months. For instance, three months ago, the consensus EBITDA estimates were $1.03-billion for 2020 and $1.19-billion for 2021.
Valuation
According to Bloomberg, the stock is trading at an EV/EBITDA multiple of 10.4 times the 2021 consensus estimate. In comparison, industry peer Waste Connections Inc. (WCN-T) is trading at an EV/EBITDA multiple of 17.2 times.
The average 12-month target price is $29.85, implying the share price has nearly 8-per-cent upside potential.
Insider transactions
Year-to-date, there have not been any trades in the public market reported by insiders.
Interestingly, according to Bloomberg, Ontario Teachers’ Pension Plan Board owns 16 per cent of the shares outstanding.
Chart watch
The stock just began trading on the Toronto Stock Exchange and New York Stock Exchange on March 3, 2020. As a result, technical analysis is limited.
The initial public offering price was US$19. One month later, the share price nose-dived to around US$12 (closed at CDN$16.84 on April 3) as COVID-19 concerns permeated equity markets. Since then, the share price has staged a strong recovery, closing at US$20.54 or CDN$27.76 on Friday – a record closing high.
In terms of key resistance and support levels, the next major ceiling of resistance is around CDN$30. Looking at the downside, there is initial support around $26, near its 50-day moving average (at $25.61). After that, there is strong support around $24.
submitted by __justsayin__ to CanadianInvestor [link] [comments]


2020.07.22 23:34 lovedoesnotdelight Black book names I haven’t seen discussed much on this sub / attempt # 2

*Note that the author of above article (a prior employee of Lazard) states that a disproportionate number of contacts in the black book were employed by Lazard (which has a problematic history in terms of sexual misconduct amongst other forms of misconduct).
**Another interesting note from the author was the amount of deceased people in the book. The late David Rockefeller, Lord Hanson, the British industrialist; John Gutfreund, the onetime “King of Wall Street,” (who presided over a major Treasury market scandal when he was the leader of Salomon Brothers); Paul Allen, the cofounder of Microsoft; Edmond Safra, a billionaire banker who perished in a fire in his apartment in Monaco in 1999; and Al Taubman, the billionaire Detroit real-estate tycoon who was caught up in a scandal involving Sotheby’s. (Taubman’s son Bobby is also in Epstein’s book).
** Most of this is copy pasted from various sources**
Jes Staley - a former senior executive at JPMorgan Chase and now the CEO of Barclays Plc, the big British bank, was, as the New York Times reported, Epstein’s conduit to JPMorgan Chase back in the day. Epstein introduced Staley to the billionaire hedge fund manager Glenn Dubin. visited Epstein on the private island, accompanied by his wife Debora. He also visited Epstein at his Palm Beach office while the Epstein was on prison work-release.
Bill Berkman - the wealthy investor whose secretary once sued him for being forced to look at pornographic pictures of women in emails (the suit was dismissed with prejudice in 2015)
Alan Patricof - the prominent New York venture capitalist and Clinton friend
Michael Ovitz - the onetime Hollywood super-agent who co-founded Creative Artists Agency (CAA) in 1975 and served as its chairman until 1995. and Disney executive. (President of The Walt Disney Company from October 1995 to January 1997) became one of the most powerful men in Hollywood; he was so influential that, when The New York Times wrote about him in 1989, industry executives, directors, and actors refused to comment. He served as talent agent to Hollywood actors Tom Cruise, Dustin Hoffman, Kevin Costner, John Belushi, Michael Douglas, Bill Murray, Sylvester Stallone, and Barbra Streisand, as well as directors Steven Spielberg, Barry Levinson, and Sydney Pollack. became the subject of controversy for remarks made in a Vanity Fair interview, wherein he blamed the downfall of AMG upon a cabal led by Dreamworks cofounder David Geffen which Ovitz described as the "gay mafia". In addition to Geffen, the list included The New York Times correspondent Bernie Weinraub, Disney Chairman (and former employer) Michael Eisner; Bryan Lourd, Kevin Huvane, and Richard Lovett, partners at CAA, Universal Studios president Ronald Meyer (Ovitz's former partner at CAA); and Vivendi CEO Barry Diller. "If I were to establish the foundation of the negativity," Ovitz stated, "it all comes down to David Geffen and Bernie Weinraub. Everything comes back to those two. It’s the same group [quoted] in every article. Ovitz now acts as a private investor who has informally advised the careers of luminaries such as Martin Scorsese.
Jimmy Cayne - the former CEO Bear Stearns. the first Wall Street chief to own a company stake worth more than $1 billion"but he lost most of that in the 2007–2008 collapse of Bear Stearns stock and sold his entire stake in the company for $61 million. He had a reputation for being asleep at the wheel, regularly leaving the office by helicopter for 3 ½-day golf weekends or out of town at bridge tournaments. named in Time Magazine's list of '25 People to Blame for the Financial Crisis. (he called Alan Greenberg “Allen“ while everyone else called him “Ace”. He charged everyone who used the name “Ace” in his presence $100)
Joseph C. Kusnan - a former portfolio manager at Highbridge (Dubin’s company). managed one of the funds to which Dubin directed around $75 million of Epstein’s money to. Glenn introduced him to Epstein as a new manager that he was familiar with and thought highly of. Claims he only met Epstein once he and never communicated again beyond delivering “a good rate of return on his modest investment.”
Daniel B. Zwirn - also a former Highbridge portfolio manager, managed the other fund, the D.B. Zwirn Special Opportunities Fund. (Highbridge initially owned a 47% stake in Zwirn's management company, the source said. Dubin directed $150 million of Epstein’s money to the Zwirn fund
Both Zwirn and Kusnan had worked briefly at Lazard, the 171-year-old investment bank, and it was Kusnan who introduced Zwirn to Dubin around 2002.
Kusnan did have a brief meeting with Epstein at his palatial mansion on East 71st in Manhattan. According to someone who has heard the story, Kusnan went to Epstein’s townhouse and was ushered into a little room by a butler. There, Kusnan saw Epstein sitting atop a “raised platform, like a throne, with two strikingly gorgeous young Eastern European women standing beside the chair.” Epstein asked Kusnan a few questions and then quickly declared that he “was dismissed.” The butler escorted Kusnan out of the mansion. “He walked backed to his office and sitting on the fax machine was the signed paperwork” from Epstein agreeing to make the multi-million-dollar investment in Kusnan’s fund
Harry Beller - Currently a Partner at Louis J Septimus & Co. Worked for Epstein as his tax and accounting expert. An executive described dealing with Beller each quarter as a “completely weird” experience. He said Beller was always fixated about whether any of the annual profits from the Zwirn fund—which averaged returns in excess of 20% a year before it ran into trouble with the SEC—had income sourced from New York State, because Epstein “did not want to pay taxes” in New York State. He says he “never got a single question from [Beller] about the [Zwirn] fund’s strategy or returns. All [Beller] would ask every quarter was what was the percentage of New York.” there are reasons to believe he might know more than has been revealed about Epstein’s empire. Beller, the Zwirn executive said is ”the guy people should be trying to track down and interview.” ”He holds the keys to kingdom.”
After four years of stellar returns and a hedge fund with some $12 billion of assets, Zwirn had amassed a personal fortune of some $700 million, as well as a $17 million condominium on Central Park South, a home in Quogue, in the Hamptons, and an $18 million Gulfstream jet. It all began to come crashing down for Zwirn in 2007 when he discovered that the fund’s chief financial officer had moved money around without authorization between his international fund and his domestic fund and had done some unauthorized movement of money in order for Zwirn’s management company to buy the Gulfstream jet. Zwirn reported the infractions voluntarily to the SEC, and both he and his firm were later completely absolved of any wrongdoing.
Jeffrey Epstein sued Zwirn’s fund to get back the money he had invested in it, and prevailed in court, receiving almost all of the $150 million plus what he had made on an annual basis, according to someone familiar with what happened. In 2010 the dispute between Epstein and Zwirn went to private arbitration, which Epstein won.
Tom Barrack - the founder of hedge fund Colony Capital and a longtime friend of Donald Trump. Barrack was head of Trump’s inauguration committee; he has agreed to cooperate with the House Judiciary Committee’s ongoing investigation into Trump. (He at one point tried to buy Towers Financial)
Anton “Tony” Valukas - a former U.S. Attorney for the Northern District of Illinois and a senior partner at the prominent Chicago law firm, Jenner &amp;amp;amp;amp;amp;amp; Block. Valukas’s biggest claim to fame was probably as being the acclaimed author of the 2010 nine-volume report examining the causes of the biggest bankruptcy in American history—the 2008 liquidation of Lehman Brothers. Why in the world would Epstein and Valukas want to have anything to do with each other?
The last name I found interesting which was not mentioned in above article is :
Elizabeth Ross Johnson - the heiress of the Johnson and Johnson fortune. Ms. Johnson, known as Libet, was a tabloid fixture in New York with five husbands and years of family drama. She also dated, Dr. Lionel Bissoon, Michael Bolton and Jerome Jeandin (chauffeur at the Ritz in Paris), Frédéric Fekkai, the hairdresser who, like many of her boyfriends, was younger than she, and fashion consultant Shirin von Wulffen, who is reportedly one of the few men who dumped her.
This was Epstein’s other client aside from Wexner. The relationship with Jeffrey went beyond money management—Mr. Epstein’s name appears briefly on property records for Ms. Johnson’s home in Vail and several land parcels in Dutchess County, N.Y., north of New York City. She also owned 20,000-square-foot triplex in Manhattan’s Trump International Hotel and Tower, which was valued in 2001 at $62.3 million, and a farm in Millbrook, New York, with its private heliport..
She established an orphanage in Phnom Penh in 2003. The complex, which cost a reported $10 to $15 million, has a nursery school and group homes, where 55 abandoned children are housed with foster parents in family-like settings.
Allegedly Had an affair with her (much younger) niece’s boyfriend Casey Johnson (who is Anderson Cooper’s cousin by marriage)
Libet’s grandfather, Robert Wood junior, also known as the General, built Johnson and Johnson into the $171.5 billion pharmaceutical empire. A tyrant who by all accounts deserved his nickname, the General heaped abuse on his only son and namesake, Libet’s father, eventually expelling him from the family company in 1965. Humiliated and weakened by alcoholism, Libet’s father died of cancer just five years later, at age 50. In 1975, two of Libet’s brothers died—Billy in a motorcycle crash, Keith of a drug overdose. Their inheritance passed to Libet and her other two brothers, Woody and Christopher, making them equally—and exceedingly—rich.
Died in 2017 from Alzheimer’s at the age of 66.
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2020.07.20 14:21 burningshinobi Daily DD and Gapping UP/DOWN - Shevla

Little bit briefer than usual, writing before I start todays shift. Sorry about the formatting as well, writing this through the app.
News
President Trump says next stimulus package must include a payroll tax cut and liability protections for businesses. Senate Majority Leader Mitch McConnell (R-KY) will introduce legislation this week that will likely include limited extension of expanded unemployment benefits. Democrats are against idea of a payroll tax cut. The Trump administration is also pushing to block new money for testing, tracing and CDC. Washington Post
Los Angeles Mayor Eric Garcetti says his city is "on the brink" of new stay at home order. CNN
New York election officials are still counting mail in ballots three weeks after the primary election, which is raising concerns about the national November election. NY Times
A growing number of Americans are saying they will not get an approved coronavirus vaccine. A poll found that only about half of Americans said they would be willing to get the vaccine (IBB). NY Times
Portland protestors broke into a police headquarters building and set it on fire amid controversy regarding presence of federal officers in the city. NBC News Portland
German Chancellor Angela Merkel says it's possible EU will not reach agreement on how to boost economic growth (VGK). Reuters
CDC Director Robert Redfield said last week that the "fall and the winter of 2020 and 2021 are going to be probably one of the most difficult times that we've experienced in American public health." Business Insider
Stock Specific:
Positive views on MSCI & SPGI. Barron's
Positive views on DG & DLTR. Barron's
Positive view on Wells Fargo (WFC). Barron's
Positive view on Goldman (GS). Barron's
Cautious view on Netflix (NFLX). Barron's
Positive view on Graham Holdings (GHC). Barron's
The coronavirus, remote work, social unrest, and strained budgets are all threatening to upend life in America's biggest cities (XHB, DHI, TMHC, PHM, HOV, LGIH, LEN, KBH, TOL, MHO) WSJ
Twelve police officers were injured after violent protests in Seattle where Amazon (AMZN) and Starbucks (SBUX) stores were targeted. KIRO 7
FTC is considering requiring testimony from Facebook (FB) CEO Mark Zuckerberg and COO Sheryl Sandberg for antitrust investigation. WSJ
Disney (DIS) lowers advertising spending on Facebook (FB). WSJ
President Trump says he will not issue national mask mandate (MMM, APT). Fox News
eBay (EBAY) is in discussions to sell classified ads unit to Adevinta. WSJ
Boeing (BA) is running out of space for 787 jets. Bloomberg
President Trump says he may veto defense bill over plan to remove the names of Confederate leaders from Army bases (LLL, GD, NOC, LMT, BA). The Hill
Uber (UBER) aiming to overturn UK court ruling that drivers are employees. FT
Research Calls
Upgrades: Apache (APA) upgraded to Outperform from Mkt Perform at Raymond James; tgt $18
Cardinal Health (CAH) upgraded to Buy from Neutral at Guggenheim
Citrix Systems (CTXS) upgraded to Overweight from Equal Weight at Barclays; tgt $180
Dropbox (DBX) upgraded to Buy from Hold at Jefferies; tgt raised to $28
First Horizon (FHN) upgraded to Outperform from In-line at Evercore ISI; tgt $11
Holly Energy Partners (HEP) upgraded to Buy from Hold at Jefferies; tgt $17
Laredo Petroleum (LPI) upgraded to Outperform from Mkt Perform at Raymond James; tgt $18
Matador Resources (MTDR) upgraded to Outperform from Mkt Perform at Raymond James; tgt $11
Matador Resources (MTDR) upgraded to Buy from Hold at Stifel; tgt raised to $12
MercadoLibre (MELI) upgraded to Outperform from Neutral at Bradesco BBI; tgt raised to $1,250
Phillips 66 (PSX) upgraded to Buy from Hold at Jefferies; tgt $73
Phillips 66 Partners (PSXP) upgraded to Buy from Hold at Jefferies; tgt $36
PPG Industries (PPG) upgraded to Buy from Hold at SunTrust
QEP Resources (QEP) upgraded to Neutral from Underweight at JP Morgan
Travelers (TRV) upgraded to Outperform from Mkt Perform at William Blair
Valero Energy (VLO) upgraded to Buy from Hold at Jefferies; tgt $62
Downgrades:
AcelRx (ACRX) downgraded to Underperform from Neutral at Credit Suisse
British American Tobacco (BTI) downgraded to Hold from Buy at Jefferies
Freeport-McMoRan (FCX) downgraded to Equal Weight from Overweight at Barclays; tgt $14
GDS Holdings (GDS) downgraded to Sell from Hold at Deutsche Bank; tgt $70
Kilroy Realty (KRC) downgraded to Sell from Hold at Deutsche Bank; tgt $49
Masonite International (DOOR) downgraded to Neutral from Buy at Northcoast
Moderna (MRNA) downgraded to Neutral from Overweight at JP Morgan; tgt $89
Paramount Group (PGRE) downgraded to Hold from Buy at Deutsche Bank; tgt $9
SL Green Realty (SLG) downgraded to Hold from Buy at Deutsche Bank; tgt $48
Urban Outfitters (URBN) downgraded to Sell from Hold at Loop Capital
Others:
Alliance Data (ADS) resumed with a Hold at Jefferies; tgt lowered to $45
Hercules Capital (HTGC) resumed with an Overweight at Piper Sandler; tgt $12
Immunic (IMUX) initiated with an Outperform at BMO Capital Markets; tgt $40
Starbucks (SBUX) initiated with an Overweight at Wells Fargo; tgt $92
Tyler Tech (TYL) resumed with an Overweight at Piper Sandler; tgt $423
Zynex (ZYXI) initiated with an Overweight at Piper Sandler; tgt $30
Research Calls II
Upgrades:
Brigham Minerals (MNRL) upgraded to Strong Buy from Outperform at Raymond James; tgt $15
Chubb (CB) upgraded to Mkt Perform from Underperform at William Blair
Concho Resources (CXO) upgraded to Strong Buy from Outperform at Raymond James; tgt $70
FormFactor (FORM) upgraded to Buy from Neutral at Citigroup; tgt raised to $36
Gilead Sciences (GILD) upgraded to Neutral from Underperform at Credit Suisse; tgt raised to $75
Johnson & Johnson (JNJ) upgraded to Buy from Hold at Independent Research
Parsley Energy (PE) upgraded to Strong Buy from Outperform at Raymond James; tgt raised to $16
Pioneer Natural Resources (PXD) upgraded to Strong Buy from Outperform at Raymond James; tgt raised to $130
Downgrades:
Align Tech (ALGN) downgraded to Underperform from Neutral at BofA Securities; tgt $280
AvalonBay (AVB) downgraded to In-line from Outperform at Evercore ISI
Essex Property (ESS) downgraded to In-line from Outperform at Evercore ISI
Wheaton Precious Metals (WPM) downgraded to Underweight from Equal Weight at Barclays; tgt raised to $38
Others:
CrossFirst Bankshares (CFB) initiated with a Hold at SunTrust; tgt $10
Roku (ROKU) initiated with a Neutral at MoffettNathanson; tgt $145
Gapping up/down
PHG +6%, HAL +5% and LII +4% after earnings, DBX +4% and CTXS +2% after upgrades; NKLA -19% after announces offering, ALGN -2% after downgrade
Gapping up In reaction to strong earnings/guidance:
PHG +6%, HAL +4.7%, LII +4.2%
M&A news:
DNR +143.5% (receives corporate buyout offer for $1.20 per share)
NBL +9.5% (to be acquired by Chevron (CVX) for $10.38/share)
Other news:
BTAI +32.1% (announces BXCL501 met the primary and secondary endpoints of SERENITY I and SERENITY II)
BNTX +11% (BioNTech and Pfizer (PFE) to supply 30 mln doses of mRNA-based vaccine candidate against SARS-CoV-2 to UK)
ASMB +4.8% (Assembly Biosciences and BeiGene (BGNE) have entered into a collaboration in China for Assembly's portfolio of three clinical-stage core inhibitor candidates for the treatment of patients with chronic hepatitis B virus (HBV) infection)
QDEL +4.4% (Quidel's Sofia SARS Antigen FIA receives CE Mark)
BABA +3.8% (commenced the process of a concurrent listing and IPO on the Shanghai Stock Exchange's STAR board and The Stock Exchange of Hong Kong Limited)
DGX +3.8% (receives emergency use authorization use specimen pooling with its proprietary molecular diagnostic test for COVID-19) LMNX +3.8% (receives Emergency Use Authorization from FDA for COVID-19 antibody test)
OFIX +3.6% (receives FDA clearance and European CE Mark approval for the JuniOrtho Plating System)
PFE +3.5% (BioNTech and Pfizer (PFE) to supply 30 mln doses of mRNA-based vaccine candidate against SARS-CoV-2 to UK)
GRFS +3.5% (acquires Green Cross plasma fractionation facility for $460 mln)
KPTI +3.5% (receives FDA acceptance of filing of supplemental NDA for XPOVIO as a new treatment for patients with multiple myeloma after at least one prior line of therapy)
QTNT +3.1% (reported that an independent study conducted in Madrid, Spain has confirmed the high performance characteristics of the Company's MosaiQ COVID-19 Antibody Microarray)
OSMT +3% (announces FDA user fee goal date of December 29, 2020 for arbaclofen extended release tablets)
ORTX +2.9% (received both orphan drug designation and rare pediatric disease designation from the FDA for OTL-203 for the treatment of mucopolysaccharidosis type I (MPS-I))
ASHR +2.7% (rising with Shanghai closing up 3% overnight)
Analyst comments:
QEP +7.5% (upgraded to Neutral from Underweight at JP Morgan)
DBX +3.8% (upgraded to Buy from Hold at Jefferies)
LPI +2.1% (upgraded to Outperform from Mkt Perform at Raymond James)
CTXS +1.8% (upgraded to Overweight from Equal Weight at Barclays)
ZYXI +1.8% (initiated with an Overweight at Piper Sandler)
APA +1.4% (upgraded to Outperform from Mkt Perform at Raymond James)
CAH +1.2% (upgraded to Buy from Neutral at Guggenheim)
MELI +1.1% (upgraded to Outperform from Neutral at Bradesco BBI)
Gapping down
Select ETFs showing early weakness:
XLC -1.5%, VXX -1.2%, XLI -0.6%, XLF -0.5%, IWM -0.4%
Other news:
NKLA -19.3% (files prospectus for issuance of up to 23,890,000 shares of common stock issuable upon exercise of warrants and for the offering and sale of up to 53,390,000 shares of common stock by selling securityholders)
Analyst comments:
ACRX -8.7% (downgraded to Underperform from Neutral at Credit Suisse)
URBN -3.3% (downgraded to Sell from Hold at Loop Capital)
BTI -2.3% (downgraded to Hold from Buy at Jefferies)
GDS -1.8% (downgraded to Sell from Hold at Deutsche Bank)
ALGN -1.6% (downgraded to Underperform from Neutral at BofA Securities)
submitted by burningshinobi to outofoptions [link] [comments]


2020.07.16 13:11 burningshinobi Daily DD - Shevla

Good morning all, hope you're ready to take a pound of flesh today from Twitter ***TWTR.***Support these posts here https://ko-fi.com/shevlaanalytics
UPDATED 1 HR TO OPEN
Posted 2.5 Hrs to Open
News

Filings, Offerings, Pricings and IPOs
Earnings - Overview - Reach out if you want more detail

Research Calls
submitted by burningshinobi to outofoptions [link] [comments]


2020.07.13 00:41 genuisgeek GMHI DD

Gores Metropoulos – GMHI
IPO Date: 2/6/2019 Deadline: 2/5/2021
Target Industry: Food & Consumer
https://www.gores.com/portfolio/gores-metropoulos-inc/
SEC Link
The Breakdown:
Institutional Holdings

Gores Track Record
Leadership team
Dean Metropoulos has been our Chairman since August 2018. Mr. Metropoulos has served as Executive Chairman of the Board of Directors of Hostess since November 2016. Since 2013, Mr. Metropoulos has served as the Executive Chairman of certain subsidiaries of Hostess and a member of the Board of Directors of Hostess. Mr. Metropoulos also served on the Board of Directors of Pabst Brewing Company until 2014. Mr. Metropoulos has over 30 years of experience in acquiring and restructuring businesses in the U.S., Mexico and Europe, focusing on the food and consumer sectors. Mr. Metropoulos has been involved in approximately 80 transactions, including investments in Pabst Brewing Company, Utz Quality Foods LLC, Pinnacle Foods Group, Inc.(Swanson/Hungry-Man,Vlasic Pickles, Open Pit Barbeque Sauce, Duncan Hines, Log Cabin Syrup, Mrs. Butterworth’s Syrup, Aunt Jemima Frozen Breakfast, Mrs. Paul’s Seafood, Van De Kamp’s Seafood, Celeste Pizza and Lender’s Bagels), Aurora Foods, Stella Foods, The Morningstar Group, International Home Foods (Chef Boyardee, Pam Cooking Spray, Gulden’s Mustard and Bumble Bee Tuna), Ghirardelli Chocolate, Mumm and Perrier Jouet Champagnes and Hillsdown Holdings, PLC (Premier International Foods, Burtons Biscuits and Christie Tyler Furniture), among others. Mr. Metropoulos holds a B.S. and an M.B.A. from Babson College. Mr. Metropoulos’ business expertise, financial acumen and business industry contacts make him well qualified to serve as a member of our board of directors.
Alec Gores has been our Chief Executive Officer and a member of our Board of Directors since August 2018. Mr. Gores is the Founder, Chairman and Chief Executive Officer of The Gores Group, a global investment firm focused on acquiring businesses that can benefit from the firm’s operating expertise. Mr. Gores implemented an operational approach to private equity investing when he founded The Gores Group in 1987 by operating businesses alongside management, or in some cases in lieu of management, to build value in those entities. Since then, the firm has acquired more than 100 businesses including a current portfolio of more than 20 active companies worldwide. Mr. Gores began his career as a self-madeentrepreneur and operating executive. In 1978, he self-funded and founded Executive Business Systems (EBS), a developer and distributor of vertical business software systems. Within seven years, EBS had become a leading value-added reseller in Michigan and employed over 200 people. In 1986, CONTEL purchased EBS, and Mr. Gores subsequently began acquiring and operating non-core businesses from major corporations and building value in those entities, a decision that ultimately led to the founding of what has evolved into The Gores Group today. Under his leadership, The Gores Group has continued to acquire businesses in need of operational and financial resources, while creating value and working with management teams to establish an entrepreneurial environment as a foundation for sustainable growth. This philosophy has served the firm well. Mr. Gores served as the Chairman of the Board of Directors of Gores Holdings I from its inception in June 2015 until completion of the Hostess acquisition in November 2016. Additionally, Mr. Gores has served as the Chairman of the Board of Directors of Gores Holdings II (Nasdaq: GSHT) and Gores Holdings III (Nasdaq: GRSH) since their inception in August 2016 and October 2017, respectively. Mr. Gores holds a degree in Computer Science from Western Michigan University. Mr. Gores’ significant investment and financial expertise make him well qualified to serve as a member of our board of directors.
Andrew McBride has been our Chief Financial Officer and Secretary since August 2018. Mr. McBride has served as Director, Finance and Tax at The Gores Group since February 2010, where he is responsible for tax due diligence and structuring of acquisitions, compliance, planning, financial management and portfolio company reporting. Mr. McBride served as the Chief Financial Officer and Secretary of Gores Holdings I from January 2016 until completion of the Hostess acquisition in November 2016. Additionally, Mr. McBride served as the Chief Financial Officer and Secretary of Gores Holdings II (Nasdaq: GSHT) from its inception in August 2016 until October 2018 and he has served as the Chief Financial Officer and Secretary of Gores Holdings III (Nasdaq: GRSH ) since its inception in October 2017. Previously, from January 2008 to January 2010, Mr. McBride worked in the High Net Worth group at Ehrhardt, Keefe, Steiner, and Hottman, P.C.. From January 2004 to January 2008, Mr. McBride was with KPMG, LLP, assisting international corporations with tax planning, structuring and compliance issues. Mr. McBride holds a B.S. in Accounting and Finance from the University of Notre Dame and is licensed as a Certified Public Accountant in the State of Colorado.
Randall Bort will serve as a member of our board of directors upon completion of this offering. Mr. Bort is a Co-Founder of SandTree Holdings, LLC, a private commercial real estate investment firm since November 2012. Previously, Mr. Bort was an investment banker at Drexel Burnham Lambert, BT Securities, Donaldson, Lufkin & Jenrette, Credit Suisse First Boston, The Mercanti Group and Imperial Capital. Mr. Bort has significant financial, transactional and capital markets experience across multiple industries and has worked both domestically and in Asia. Mr. Bort earned a B.A. in Economics and Mathematics from Claremont McKenna College and an M.B.A. in Finance and Entrepreneurial Management from The Wharton School of the University of Pennsylvania. Mr. Bort served as a member of the Board of Directors of Gores Holdings I from August 2015 until completion of the Hostess acquisition in November 2016. Additionally, Mr. Bort has served as a member of the Board of Directors of Verra Mobility Corp. (Nasdaq: VRRM) (formerly Gores Holdings II (Nasdaq: GSHT)) and Gores Holdings III (Nasdaq: GRSH ) since their inception in August 2016 and October 2017, respectively. Mr. Bort also is a member of the Board of Trustees of Children’s Bureau, a non-profit organization based in Los Angeles focused on foster care and the prevention of child abuse. Mr. Bort’s significant investment and financial expertise make him well qualified to serve as a member of our board of directors.
Michael Cramer will serve as a member of our board of directors upon completion of this offering. Mr. Cramer has been the Chief Administrative Officer & Executive VP at Hostess Brands, Inc. since 2013 and the Founding Director-Texas Program in Sports and Media at The University of Texas at Austin since 2010. Mr. Cramer was employed as a Director, SVP-Business Planning & Development by The Pabst Brewing Co. from 2010 to 2014, and was previously employed as an Associate Professor by New York University, a Chief Administrative Officer & Executive VP by Pinnacle Foods Corp., a President & Chief Operating Officer by Hicks Sports Group LLC and President of the Texas Rangers Baseball Club and Dallas Stars Hockey team, an Executive Vice President & General Counsel by Morningstar Group, Inc., an Executive VP-Administration & General Counsel by Stella Foods, Inc., a Vice President by CDM Hostess Class C LLC, a Vice President by Fairmont Aviation LLC, a Principal by Ghirardelli Chocolate Co., and a Director & Executive Vice President by International Home Foods, Inc. He also practiced law for approximately 10 years in Wisconsin. He received his undergraduate degree from State University of New York at Albany and a J.D. from Marquette University Law School.
Joseph Gatto will serve as a member of our board of directors upon the completion of this offering. Mr. Gatto has been a partner at Perella Weinberg Partners, L.P., a leading independent global financial services firm providing corporate advisory and asset management services (“PWP”) since 2012. Prior to his employment at PWP, Mr. Gatto was an investment banker holding senior roles in mergers and acquisitions and corporate finance at Goldman, Sachs & Co., Lehman Brothers Inc. and Barclays plc. Mr. Gatto has significant financial, transactional and capital markets experience, particularly in the consumer products and retail industries, and has worked with clients in the Americas, Europe and Asia. Mr. Gatto has also served as an Adjunct Professor of Law at the University of Pennsylvania Law School and a Fellow at Harvard University’s Advanced Leadership Initiative. Mr. Gatto holds an A.B. in economics and international affairs from the Woodrow Wilson School at Princeton University. He also holds an M.B.A. from the Wharton School of the University of Pennsylvania and a J.D. from the University of Pennsylvania Law School. Mr. Gatto’s significant investment banking, financial and strategic expertise make him well qualified to serve as a member of our board of directors.

Positions: None right now, there's some time before we may see action. Currently commons are trading at $11 and warrants are at $2.2, the warrants are pricey right now. I'm in HCAC and SPAQ at the moment but this seems to be the next short term play after, long term for me would be IPOC or PSTH. I'm betting on the leadership.
The bad: no real forward purchase or PIPE investors or any external funding, which is okay. could indicate that the team is confident in their strategy without the need for additional funding ($400 mil in their own investment)
My thought process: if TWNK came out in this current SPAC market, would we see a hype? 1000% I think they can choose slightly above average known consumer targets and we'll see strong price action.
EDIT: added some inst holdings
submitted by genuisgeek to SPACs [link] [comments]


2020.07.10 03:29 aaronfloyd1 New Card...

Looking for a new card. Got the Uber card for international travel with the hotels/restaurant perks, but then that card went to crap. So it stays in the drawer now. I was dumb and got the Amazon store card instead of the Visa that can be used anywhere. I just use my Chase and Apple Card for everyday purchases.
I fly for free so an airline card doesn’t do me much good. I’ve just been using the Discover and Apple Card for International travel, but want a Visa for International. Like cash back cards. I've been eyeing some of those $499+ annual fee card for the lounge access, but not sold on spending that much on fees.
Thank you!


submitted by aaronfloyd1 to CreditCards [link] [comments]


2020.07.07 23:55 kingrisefinanceltd Lease Bank Guarantee (BG) & SBLC Providers

NEWS FLASH: Kingrise Finance Limited are Lease Bank Guarantee providers, BG SBLC Providers, Bank Instrument Providers, financial instrument providers, monetizers of bank instruments, international bank guarantee providers, genuine bank instrument providers & sblc providers.
How To Find Genuine Bank Guarantee (BG) Standby Letter of Credit (SBLC) Providers.
Everyday lots of people are asking How To Find Genuine Bank Instrument Providers such as Genuine SBLC Providers and real bank guarantee providers? Why are there so many scammers in the bank instrument industry? Why are most people who claim to be providers of bank instruments scammers? Since there are many sharks in this industry pretending to be providers, how can I find a real bg sblc provider that will not steal my money and run away?
In previous articles I mentioned how challenging it can be to find Genuine bg / sblc providers, but here, I will try and explain more.
📷
Firstly one needs to understand that banks do not advertise SBLC’s as part of their everyday banking products, the true reason behind this is simple, banks aren’t allowed to advertise SBLC. Standby Letters of Credit (SBLC) are provided by high net worth clients with a large cash holding in a bank account. These high net worth clients usually have investment portfolios which include hedge funds, private equity, pension funds etc and these individuals can be truly hard to get in touch with, either because they choose to remain anonymous or they are just straight-up busy individuals.
In order to be sure these genuine providers are dealing with serious prospective buyers of their bank instrument they usually undertake serious checks and balances, this task is usually assigned to reputable Financial Services Providers such as Kingrise Finance Limited. These Financial Services providers such as Kingrise Finance Limited are given the responsibility of making sure a strict screening process is adhered to and only prospective buyers who meet the necessary criteria are allowed access to the Genuine Provider.
So if you are in the market for an SBLC (Standby Letter OF Credit) or Bank Guarantee (BG) then make sure you use a reputable Financial Services Provider with decades of experience like Kingrise Finance Limited, the benefits of following this approach is you know you have peace of mind that your interest would be looked after and you surely would be getting the best deal.
What is a Standby Letter of Credit (SBLC)?
A Standby Letter of Credit (SBLC or SLOC) is a legal document that guarantees a bank’s commitment of payment to a seller in the event that the buyer–or the bank’s client–defaults on the agreement. A standby letter of credit helps facilitate international trade between companies that don’t know each other and have different laws and regulations. Although the buyer is certain to receive the goods and the seller certain to receive payment, a Standby Letter of Credit (SBLC) doesn’t guarantee the buyer will be happy with the goods. A standby letter of credit can also be abbreviated SBLC or SLOC. A standby letter of credit is different from a bank guarantee. Do not worry, we will tell you everything you need to know about Bank Guarantees (BG) but first lets find out the different types and uses of a Standby Letter of Credit (SBLC).

What are the Different Types and Examples of a Standby Letter of Credit (SBLC/SLOC)

Financial standby LOC: An exporter sells goods to a foreign buyer, who promises to pay within 60 days. If the payment never arrives (and the exporter required the buyer to use a standby letter of credit) the exporter can collect payment from the importer’s bank. Before issuing the letter of credit, the bank typically evaluates the importer’s credit and determines that the importer will repay the bank. But if the customer’s credit is in question, banks may require collateral (or funds on deposit) for approval.
Performance standby LOC: A contractor agrees to complete a construction project within a certain timeframe. When the deadline arrives, the project is not complete. With a standby letter of credit in place, the contractor’s customer can demand payment from the contractor’s bank. That payment functions as a penalty to encourage on-time completion, funding to bring in another contractor to take over mid-project, or compensation for the headaches of dealing with problems. This is an example of a “performance standby letter of credit, and a failure to perform triggers the payment.

Advantages of a Standby Letter of Credit (SBLC / SLOC)

An SBLC helps ensure that the buyer will receive the goods or service that’s outlined in the document. For example, if a contract calls for the construction of a building and the builder fails to deliver, the client presents the SLOC to the bank to be made whole. Another advantage when involved in global trade, a buyer has an increased certainty that the goods will be delivered from the seller.
Also, small businesses can have difficulty competing against bigger and better-known rivals. An SBLC can add credibility to its bid for a project and can often times help avoid an upfront payment to the seller.
The SBLC / SLOC is often seen in contracts involving international trade, which tend to involve a large commitment of money and have added risks.
For the business that is presented with a SLOC/SBLC, the greatest advantage is the potential ease of getting out of that worst-case scenario. If an agreement calls for payment within 30 days of delivery and the payment is not made, the seller can present the SLOC to the buyer’s bank for payment. Thus, the seller is guaranteed to be paid. Another advantage for the seller is that the SBLC reduces the risk of the production order being changed or canceled by the buyer.
Uses of SBLC / SLOC
A standby letter of credit helps facilitate international trade between companies that don’t know each other and have different laws and regulations. Although the buyer is certain to receive the goods and the seller certain to receive payment, a SLOC doesn’t guarantee the buyer will be happy with the goods. A standby letter of credit is most often sought by a business to help it obtain a contract. The contract is a “standby” agreement because the bank will have to pay only in a worst-case scenario. Although an sblc/sloc guarantees payment to a seller, the agreement must be followed exactly. For example, a delay in shipping or a misspelling a company’s name can lead to the bank refusing to make the payment.There are two main types of standby letters of credit:A financial sblc/sloc guarantees payment for goods or services as specified by an agreement. An oil refining company, for example, might arrange for such a letter to reassure a seller of crude oil that it can pay for a huge delivery of crude oil.Standby letters of credit can help establish trust with your business partners and be a powerful tool to help meet your business goals.
📷Genuine SBLC Provider- Lease BG/SBLC Providers Kingrise Finance Limited
Cost of SBLC
Standby letter of credit costs between 1-10% of the SBLC/SLOC amount before issuing the sblc/sloc. This fee is usually charged per year that the letter of credit is in effect. If the sblc/sloc is needed for more than one year, there will be an option of rolls and extensions where applicable. If the terms of the contract are fulfilled early, you can cancel the SLOC/SLBC without incurring additional charges.
What is SBLC funding or SBLC Financing? SBLC financing or SBLC funding is the process of using sblc to obtain loan or financing from a bank. SBLC/SLOC financing can also be described as the process of converting a standby letter of credit (sblc / sloc) into cash or legal tender.
The Difference Between Letter of Credit (LC/DLC) and Standby Letter of Credit (SBLC/SLOC).
Please be informed that Standby Letter of Credit (SBLC/SLOC) is different from Letter of Credit (LC). A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the financing of international trade, where the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter, where it assumes the counterparty risk of the buyer paying the seller for goods.
Letters of credit were traditionally governed by internationally recognized rules and procedures rather than by national law. The International Chamber of Commerce oversaw the preparation of the first Uniform Customs and Practice for Documentary Credits (UCP) in 1933, creating a voluntary framework for commercial banks to apply to transactions worldwide.
So What Is The major difference: The ‘Letter of Credit’ and the ‘StandBy Letter of Credit’ are two legal bank documents that are used by international traders. Both these letters are used to ensure the financial safety between the supplier and their buyers. And, SBLC is a type of LC that is used when there is a contingent upon the performance of the buyer and this letter is available with the seller to prove the buyer’s non-performance during the sale.
LC and SBLC are the two financial instruments that are meant to safeguard the financial interests of the international traders i.e. buyers and sellers. It simply means that both these terms are widely useful while making transactions between the two trading parties. These help in giving financial security to both the parties. Also, these contracts are produced in good faith and in both the cases the fund gets mobilized.

Bank Guarantee: Meaning, Types, Uses, Advantages, Charges, Difference & Process.

What is the Meaning of a Bank Guarantee (BG)?

A bank guarantee is a promise from a bank or a financial institution that if a particular borrower defaults on a loan, the bank will cover the loss. The bank guarantee signifies a lending institution ensures that the liabilities of a debtor is going to be met. In other words, if the debtor is unsuccessful to settle a debt, the bank will cover it. A bank guarantee allows the customer, or debtor, to acquire goods, purchase equipment or draw down a loan.
A bank guarantee acts similarly to a line of credit, except that a line of credit can be drawn upon at will by the bank’s client. A bank guarantee is used only if the client does not pay its vendor an agreed-upon amount. U.S. credit institutions are forbidden from assuming guarantee obligations, and therefore most international transactions require a standby letter of credit.

Types of Bank Guarantees

There are many different types of Bank Guarantee namely:
For example, St. Marys hospital is a new hospital that wants to buy $1 million in medical equipment. The equipment vendor requires St. Marys hospital to provide a bank guarantee to cover payments before they ship the equipment to St. Marys hospital. St. Marys hospital requests a guarantee from the lending institution such as Kingrise Finance Limited ( kingrisefinance.com ) keeping its cash accounts. Kingrise Finance Limited essentially cosigns the purchase contract with the vendor.

Uses of Bank Guarantee

Though there are lots of uses from a bank guarantee for the applicant, the bank should process the same only after ensuring the financial stability of the applicant/business. The risk involved in providing such a guarantee must be analysed thoroughly by the bank

Advantages and Disadvantages of Bank Guarantees

Bank guarantee has its own advantages and disadvantages. The advantages are:
On the flip side, there are some disadvantages such as:

Bank Guarantee Costs & Charges

Generally, BG charges are based on the risk assumed by the bank in each transaction. For example, a financial BG is considered to assume more risk than a performance BG. Hence, the fee for financial BG will be higher than the fee charged for performance BG. Based on the type of the BG, fees are generally charged on a quarterly basis on the BG value of 0.75% or 0.50% during the BG validity period. Apart from this, the bank may also charge the application processing fee, documentation fee, and handling fee. In some cases, security is required by the bank from its applicant, which is generally 100% of the BG value. In certain cases, collateral security or cash margin may also be accepted by the issuing bank. But Kingrise Finance Limited offers more flexible terms than banks, contact us today to get a free quote and free consultation.

What is the difference between Bank Guarantee (BG) & Letter of Credit (LOC)

Bank Guarantee is not the same as a letter of credit, although with both instruments the issuing bank accepts a customer’s liability if the customer defaults. With a guarantee, the seller’s claim goes first to the buyer, and if the buyer defaults, then the claim goes to the bank. With letters of credit, the seller’s claim goes first to the bank, not the buyer. Although the seller will likely get paid in both cases, letters of credit offer more assurance to sellers than guarantees generally do.
LOC is a financial document which imposes an obligation on the bank to make payment to the beneficiary on completion of certain services as required by the applicant. LOC is issued by the bank when the buyer requests his bank to make payment to the seller on the receipt of certain goods or services. That is, when the buyer runs into cash flow difficulties or similar situations and thus cannot make immediate payment to the seller, he will approach his bank to make the payment to the seller on submission of certain documents. The bank will later recover the amount paid from the buyer along with the required charges.
On the other hand, under BG, the bank is required to make payment to the third-party only if the applicant fails to make the payment to the third-party or does not fulfil the required obligations under the contract. A BG is essentially used to ensure a seller from loss or damage due to the non-performance by the other party in a contract.
However, there are a lot of differences between LOC and BG.
Major differences between Letter of Credit (LOC) and Bank Guarantee (BG)
ParticularsLOCBGNatureLOC is an obligation accepted by a bank to make payment to a beneficiary if certain services are performed.BG is an assurance given by the bank to the beneficiary to make the specified payment in case of default by the applicant.Primary liabilityBank retains the primary liability to make the payment and later collects the same from the customer.The bank assumes to make the payment only when the customer defaults to make payment.PaymentBank makes the payment to the beneficiary as and when it is due. It need not wait for a default to be made by the customer.Only when the customer defaults the payment to the beneficiary, the bank makes the payment.Way of working LOC ensures that the amount will be paid as long as the services are performed as per the agreed terms.BG assures to compensate for the loss if the applicant does not satisfy the specified conditions.Number of parties involvedThere are multiple parties involved here – LOC Issuing bank, its customer, the beneficiary (third party), and advising bank.There are only three parties involved – banker, its customer, and the beneficiary (third party).SuitabilityGenerally, this is more appropriate during the import and export of goods and services.Suits any business or personal transactions.RiskBank assumes more risk than the customer.Customer assumes the primary risk.
What is Bank Guarantee Funding? Bank Guarantee funding is the process of converting a bank guarantee into a cash or legal tender.
What is the LTV (Loan To Value) for leased bank instruments? At Kingrise Finance Limited, we offer the best rates in the industry. All our bank instruments are issued from prime banks and we offer 80% LTV which you cannot get elsewhere. So why go elsewhere?
Terms and Procedure for BG/SBLC
Below is the normal procedure for the submission and issuance of a Bank Guarantee or Standby Letter of Credit from Kingrise Finance Limited (KFL)
Step 1: Application is made to KINGRISE FINANCE LIMITED for opening of a BG/LC//SBLC including but not limited to the following:
  1. BG/SBLC application form. (Provided by KINGRISE FINANCE LIMITED upon request)
  2. Desired verbiage of BG/SBLC. (If none provided, KINGRISE FINANCE LIMITED will provide its normal BG/SBLC / letter of credit verbiage.
  3. SWIFT code and address of beneficiary bank.
  4. Know Your Customer (KYC) documents including but not limited to: Passport copy of applicant, proof of address documents such as electricity or water bill, articles of incorporation of applicant company and brief summary, executive summary and/or business plan of underlying transaction.
Step 2: KINGRISE FINANCE LIMITED reviews all documents presented and evaluates acceptability of documents. KINGRISE FINANCE LIMITED then either approves application or denies and shall inform the applicant of such decision.
Step 3: KINGRISE FINANCE LIMITED prepares draft of the BG/SBLC as it is comfortable to issue and forwards to client for approval. All drafts shall be in line with rules and regulations governing the issuance of BG/SBLC.
Step 4: The client approves the draft and:
  1. Signs a contract agreeing to the terms and conditions of issuance and issuance charges as negotiated.
  2. KINGRISE FINANCE LIMITED issues the invoice for the agreed upon charges.
Step 5: Client makes payment of charges as per agreed upon payment structure.
  1. Client shall provide TT/Wire copy of payment made to KINGRISE FINANCE LIMITED account.
  2. KINGRISE FINANCE LIMITED shall confirm to client credit of funds upon receipt of funds to KINGRISE FINANCE LIMITED account.
Step 6: KINGRISE FINANCE LIMITED uploads draft to SWIFT system and provides copy to applicant for final approval of message. Upon approval given by applicant KINGRISE FINANCE LIMITED then releases the SWIFT to beneficiary bank coordinates.
Step 7: Copies of released SWIFT are then forwarded to the client via email or hard copy as requested. In case the client is represented by an advisor, then it is forwarded to the advisor only.
Step 8: Any amendments to BG/SBLC are subject to approval of KINGRISE FINANCE LIMITED.
DESCRIPTION OF BUY/PURCHASE BANK INSTRUMENT (BG/SBLC)
  1. Instrument: BG (Bank Guarantee) Standby Letter of Credit (SBLC), cash-backed,
  2. Total Face Value: EuUSD 2 Million (Min) to EuUSD 500m (Max)
  3. Issuing Bank: HSBC Hong Kong, Barclays Bank London, Deutsch Bank AG, Frankfurt or any AA Rated Bank.
  4. Term / Age: One (1) Year and One (1) day, Fresh Cut
  5. Invoice Price: 45% Net and 47% Gross of the face value of each BG/SBLC to the Seller, including 2% consultancy fees as per IMFPA.
  6. Consultation Fee: In total of 2%, which is to be split and paid to the consultants as follows:
1% to …(Seller’s Mandate).., paid by the SellePayer-1
1% to ………………………, paid by the BuyePayer-2 7. Delivery of instrument: Bank-To-Bank by SWIFT MT-760, as per the Schedule of Delivery of Buy-Sell Agreement
  1. Payment for instruments: By SWIFT MT-103 wire transfer
  2. Original Hard Copy: By bonded courier to Buyer’s designated Depository Bank within Seven (7) bank working days after receipt of BG/SBLC(s) settlement payment by SWIFT MT-103 into the Seller’s account.
BELOW IS THE DESCRIPTION OF LEASE BANK INSTRUMENTS (BG/SBLC/SLOC)
  1. Instrument: Fully Cash Backed Bank Guarantee {BG} or StandBy Letter of Credit {SBLC}
  2. Total Face Value: USD 2Million (Min) to USD 500m (Max)
  3. Issuing Bank: HSBC Hong Kong, Barclays Bank London or any prime Bank.
  4. Age: One Year and One Day (with rolls and extensions where applicable)
  5. Leasing Price: 4% (+ 2% brokers commission where applicable) 2% broker commission applies to clients that were introduced by brokers
  6. Delivery: SWIFT MT-760
  7. Payment: MT103 Wire Transfer
  8. Hard Copy: Bonded Courier within 7 banking days.9. Bank Transmission fee: Depends on the face value of the bank instrument
Uses of Bank Instruments for potential holders or beneficiary
  1. Bank instruments vary in scope and purpose with each bank instrument serving a specific purpose. Bank instruments are very important in international trades, trade finance, important and export transactions and they are widely used by businesses, contractors, importers as well as exporters.
  2. Some financial instruments will act as Collateral or credit enhancement to shore up financial statements and profile.
  3. Loan or funding commitment; demonstrate project, business, venture or program has sufficient merit or cash flow returns to warrant funding and investments.
  4. Some bank instruments like letters of credit helps to facilitate international trade between companies that don’t know each other and have different laws and regulations.
  5. Proof of funds, bank guarantees, letters of credit; to facilitate, secure or execute projects, trade and business transactions.
  6. Bank instruments like letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the financing of international trade, where the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter, where it assumes the counterparty risk of the buyer paying the seller for goods.
  7. Another bank instrument known as bank guarantee acts similarly to a line of credit, except that a line of credit can be drawn upon at will by the bank’s client. A bank guarantee is used only if the client does not pay its vendor an agreed-upon amount. U.S. credit institutions are forbidden from assuming guarantee obligations, and therefore most international transactions require a standby letter of credit.
As we already admitted from the beginning of this article, there are many scammers in this industry so we advise every customer to be very vigilant and do their homework well before deciding to work with any provider. I must warn you that there are only 10 real providers of bank instruments in the world and Kingrise Finance Limited is occupying the top spot in the real bg/sblc providers list. We are the go to place when you need real sblc providers. We are the world’s leading provider of bank guarantee.

BG / SBLC Process- How to obtain or acquire a bank Guarantee (BG) or SBLC

One of the easiest and best ways to obtain a bank Guarantee (BG) Is through Kingrise Finance Limited. Kingrise Finance Limited was incorporated in Hong Kong on 22-SEP-1999 as a Government Licensed Money Lender with CR No.: 0689078. We are leading providers of Business Loan, SME Loans, Project Financing, Recourse Loan, Non Recourse Loans and Bank Financial Instruments such as Standby Letter of Credit Funding, Bank Guarantee, Performance Guarantee Bond, Tender Bond Guarantee, Advance Payment Guarantee, Bank Comfort Letter, BG/CD/BD/BCL/DLC/LOC/SLOC/SBLC etc.
We have been providing these financial services to our numerous customers all over the world including importers, exporters as well as customers that need credit enhancements or trade finance facilities to execute projects locally or internationally.
Our loan interest rate is just 3% annually and you can get loan financing from us with or without security or collateral. The loan term is up to 30 years with a grace period up to 3 years for those in the construction industry.
Our bank instruments, bg and sblc/sloc are issued from prime banks such as Barclays Bank London, Standard Chartered Bank, HSBC Hong Kong or any rated AAA bank of your choice. All our financial instruments are Cash-Backed and can be used as collateral to secure funding for projects, Discounting, Monetization and Private Placement Programs (PPP).
📷Finding Real Bank Instrument Providers- Kingrise Finance Limited
Why Choose Us?
BROKERS: We welcome new brokers who are direct to their clients. New brokers are welcomed and are rewarded with 2% commission on every deal they bring to us.
Email: [[email protected]](mailto:[email protected])
Website: www.kingrisefinance.com
Blog: https://kingrisefinance.blog
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2020.07.07 23:54 kingrisefinanceltd Lease Bank Guarantee (BG) & SBLC Providers

NEWS FLASH: Kingrise Finance Limited are Lease Bank Guarantee providers, BG SBLC Providers, Bank Instrument Providers, financial instrument providers, monetizers of bank instruments, international bank guarantee providers, genuine bank instrument providers & sblc providers.
How To Find Genuine Bank Guarantee (BG) Standby Letter of Credit (SBLC) Providers.
Everyday lots of people are asking How To Find Genuine Bank Instrument Providers such as Genuine SBLC Providers and real bank guarantee providers? Why are there so many scammers in the bank instrument industry? Why are most people who claim to be providers of bank instruments scammers? Since there are many sharks in this industry pretending to be providers, how can I find a real bg sblc provider that will not steal my money and run away?
In previous articles I mentioned how challenging it can be to find Genuine bg / sblc providers, but here, I will try and explain more.
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Firstly one needs to understand that banks do not advertise SBLC’s as part of their everyday banking products, the true reason behind this is simple, banks aren’t allowed to advertise SBLC. Standby Letters of Credit (SBLC) are provided by high net worth clients with a large cash holding in a bank account. These high net worth clients usually have investment portfolios which include hedge funds, private equity, pension funds etc and these individuals can be truly hard to get in touch with, either because they choose to remain anonymous or they are just straight-up busy individuals.
In order to be sure these genuine providers are dealing with serious prospective buyers of their bank instrument they usually undertake serious checks and balances, this task is usually assigned to reputable Financial Services Providers such as Kingrise Finance Limited. These Financial Services providers such as Kingrise Finance Limited are given the responsibility of making sure a strict screening process is adhered to and only prospective buyers who meet the necessary criteria are allowed access to the Genuine Provider.
So if you are in the market for an SBLC (Standby Letter OF Credit) or Bank Guarantee (BG) then make sure you use a reputable Financial Services Provider with decades of experience like Kingrise Finance Limited, the benefits of following this approach is you know you have peace of mind that your interest would be looked after and you surely would be getting the best deal.
What is a Standby Letter of Credit (SBLC)?
A Standby Letter of Credit (SBLC or SLOC) is a legal document that guarantees a bank’s commitment of payment to a seller in the event that the buyer–or the bank’s client–defaults on the agreement. A standby letter of credit helps facilitate international trade between companies that don’t know each other and have different laws and regulations. Although the buyer is certain to receive the goods and the seller certain to receive payment, a Standby Letter of Credit (SBLC) doesn’t guarantee the buyer will be happy with the goods. A standby letter of credit can also be abbreviated SBLC or SLOC. A standby letter of credit is different from a bank guarantee. Do not worry, we will tell you everything you need to know about Bank Guarantees (BG) but first lets find out the different types and uses of a Standby Letter of Credit (SBLC).

What are the Different Types and Examples of a Standby Letter of Credit (SBLC/SLOC)

Financial standby LOC: An exporter sells goods to a foreign buyer, who promises to pay within 60 days. If the payment never arrives (and the exporter required the buyer to use a standby letter of credit) the exporter can collect payment from the importer’s bank. Before issuing the letter of credit, the bank typically evaluates the importer’s credit and determines that the importer will repay the bank. But if the customer’s credit is in question, banks may require collateral (or funds on deposit) for approval.
Performance standby LOC: A contractor agrees to complete a construction project within a certain timeframe. When the deadline arrives, the project is not complete. With a standby letter of credit in place, the contractor’s customer can demand payment from the contractor’s bank. That payment functions as a penalty to encourage on-time completion, funding to bring in another contractor to take over mid-project, or compensation for the headaches of dealing with problems. This is an example of a “performance standby letter of credit, and a failure to perform triggers the payment.

Advantages of a Standby Letter of Credit (SBLC / SLOC)

An SBLC helps ensure that the buyer will receive the goods or service that’s outlined in the document. For example, if a contract calls for the construction of a building and the builder fails to deliver, the client presents the SLOC to the bank to be made whole. Another advantage when involved in global trade, a buyer has an increased certainty that the goods will be delivered from the seller.
Also, small businesses can have difficulty competing against bigger and better-known rivals. An SBLC can add credibility to its bid for a project and can often times help avoid an upfront payment to the seller.
The SBLC / SLOC is often seen in contracts involving international trade, which tend to involve a large commitment of money and have added risks.
For the business that is presented with a SLOC/SBLC, the greatest advantage is the potential ease of getting out of that worst-case scenario. If an agreement calls for payment within 30 days of delivery and the payment is not made, the seller can present the SLOC to the buyer’s bank for payment. Thus, the seller is guaranteed to be paid. Another advantage for the seller is that the SBLC reduces the risk of the production order being changed or canceled by the buyer.
Uses of SBLC / SLOC
A standby letter of credit helps facilitate international trade between companies that don’t know each other and have different laws and regulations. Although the buyer is certain to receive the goods and the seller certain to receive payment, a SLOC doesn’t guarantee the buyer will be happy with the goods. A standby letter of credit is most often sought by a business to help it obtain a contract. The contract is a “standby” agreement because the bank will have to pay only in a worst-case scenario. Although an sblc/sloc guarantees payment to a seller, the agreement must be followed exactly. For example, a delay in shipping or a misspelling a company’s name can lead to the bank refusing to make the payment.There are two main types of standby letters of credit:A financial sblc/sloc guarantees payment for goods or services as specified by an agreement. An oil refining company, for example, might arrange for such a letter to reassure a seller of crude oil that it can pay for a huge delivery of crude oil.Standby letters of credit can help establish trust with your business partners and be a powerful tool to help meet your business goals.
📷Genuine SBLC Provider- Lease BG/SBLC Providers Kingrise Finance Limited
Cost of SBLC
Standby letter of credit costs between 1-10% of the SBLC/SLOC amount before issuing the sblc/sloc. This fee is usually charged per year that the letter of credit is in effect. If the sblc/sloc is needed for more than one year, there will be an option of rolls and extensions where applicable. If the terms of the contract are fulfilled early, you can cancel the SLOC/SLBC without incurring additional charges.
What is SBLC funding or SBLC Financing? SBLC financing or SBLC funding is the process of using sblc to obtain loan or financing from a bank. SBLC/SLOC financing can also be described as the process of converting a standby letter of credit (sblc / sloc) into cash or legal tender.
The Difference Between Letter of Credit (LC/DLC) and Standby Letter of Credit (SBLC/SLOC).
Please be informed that Standby Letter of Credit (SBLC/SLOC) is different from Letter of Credit (LC). A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the financing of international trade, where the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter, where it assumes the counterparty risk of the buyer paying the seller for goods.
Letters of credit were traditionally governed by internationally recognized rules and procedures rather than by national law. The International Chamber of Commerce oversaw the preparation of the first Uniform Customs and Practice for Documentary Credits (UCP) in 1933, creating a voluntary framework for commercial banks to apply to transactions worldwide.
So What Is The major difference: The ‘Letter of Credit’ and the ‘StandBy Letter of Credit’ are two legal bank documents that are used by international traders. Both these letters are used to ensure the financial safety between the supplier and their buyers. And, SBLC is a type of LC that is used when there is a contingent upon the performance of the buyer and this letter is available with the seller to prove the buyer’s non-performance during the sale.
LC and SBLC are the two financial instruments that are meant to safeguard the financial interests of the international traders i.e. buyers and sellers. It simply means that both these terms are widely useful while making transactions between the two trading parties. These help in giving financial security to both the parties. Also, these contracts are produced in good faith and in both the cases the fund gets mobilized.

Bank Guarantee: Meaning, Types, Uses, Advantages, Charges, Difference & Process.

What is the Meaning of a Bank Guarantee (BG)?

A bank guarantee is a promise from a bank or a financial institution that if a particular borrower defaults on a loan, the bank will cover the loss. The bank guarantee signifies a lending institution ensures that the liabilities of a debtor is going to be met. In other words, if the debtor is unsuccessful to settle a debt, the bank will cover it. A bank guarantee allows the customer, or debtor, to acquire goods, purchase equipment or draw down a loan.
A bank guarantee acts similarly to a line of credit, except that a line of credit can be drawn upon at will by the bank’s client. A bank guarantee is used only if the client does not pay its vendor an agreed-upon amount. U.S. credit institutions are forbidden from assuming guarantee obligations, and therefore most international transactions require a standby letter of credit.

Types of Bank Guarantees

There are many different types of Bank Guarantee namely:
For example, St. Marys hospital is a new hospital that wants to buy $1 million in medical equipment. The equipment vendor requires St. Marys hospital to provide a bank guarantee to cover payments before they ship the equipment to St. Marys hospital. St. Marys hospital requests a guarantee from the lending institution such as Kingrise Finance Limited ( kingrisefinance.com ) keeping its cash accounts. Kingrise Finance Limited essentially cosigns the purchase contract with the vendor.

Uses of Bank Guarantee

Though there are lots of uses from a bank guarantee for the applicant, the bank should process the same only after ensuring the financial stability of the applicant/business. The risk involved in providing such a guarantee must be analysed thoroughly by the bank

Advantages and Disadvantages of Bank Guarantees

Bank guarantee has its own advantages and disadvantages. The advantages are:
On the flip side, there are some disadvantages such as:

Bank Guarantee Costs & Charges

Generally, BG charges are based on the risk assumed by the bank in each transaction. For example, a financial BG is considered to assume more risk than a performance BG. Hence, the fee for financial BG will be higher than the fee charged for performance BG. Based on the type of the BG, fees are generally charged on a quarterly basis on the BG value of 0.75% or 0.50% during the BG validity period. Apart from this, the bank may also charge the application processing fee, documentation fee, and handling fee. In some cases, security is required by the bank from its applicant, which is generally 100% of the BG value. In certain cases, collateral security or cash margin may also be accepted by the issuing bank. But Kingrise Finance Limited offers more flexible terms than banks, contact us today to get a free quote and free consultation.

What is the difference between Bank Guarantee (BG) & Letter of Credit (LOC)

Bank Guarantee is not the same as a letter of credit, although with both instruments the issuing bank accepts a customer’s liability if the customer defaults. With a guarantee, the seller’s claim goes first to the buyer, and if the buyer defaults, then the claim goes to the bank. With letters of credit, the seller’s claim goes first to the bank, not the buyer. Although the seller will likely get paid in both cases, letters of credit offer more assurance to sellers than guarantees generally do.
LOC is a financial document which imposes an obligation on the bank to make payment to the beneficiary on completion of certain services as required by the applicant. LOC is issued by the bank when the buyer requests his bank to make payment to the seller on the receipt of certain goods or services. That is, when the buyer runs into cash flow difficulties or similar situations and thus cannot make immediate payment to the seller, he will approach his bank to make the payment to the seller on submission of certain documents. The bank will later recover the amount paid from the buyer along with the required charges.
On the other hand, under BG, the bank is required to make payment to the third-party only if the applicant fails to make the payment to the third-party or does not fulfil the required obligations under the contract. A BG is essentially used to ensure a seller from loss or damage due to the non-performance by the other party in a contract.
However, there are a lot of differences between LOC and BG.
Major differences between Letter of Credit (LOC) and Bank Guarantee (BG)
ParticularsLOCBGNatureLOC is an obligation accepted by a bank to make payment to a beneficiary if certain services are performed.BG is an assurance given by the bank to the beneficiary to make the specified payment in case of default by the applicant.Primary liabilityBank retains the primary liability to make the payment and later collects the same from the customer.The bank assumes to make the payment only when the customer defaults to make payment.PaymentBank makes the payment to the beneficiary as and when it is due. It need not wait for a default to be made by the customer.Only when the customer defaults the payment to the beneficiary, the bank makes the payment.Way of working LOC ensures that the amount will be paid as long as the services are performed as per the agreed terms.BG assures to compensate for the loss if the applicant does not satisfy the specified conditions.Number of parties involvedThere are multiple parties involved here – LOC Issuing bank, its customer, the beneficiary (third party), and advising bank.There are only three parties involved – banker, its customer, and the beneficiary (third party).SuitabilityGenerally, this is more appropriate during the import and export of goods and services.Suits any business or personal transactions.RiskBank assumes more risk than the customer.Customer assumes the primary risk.
What is Bank Guarantee Funding? Bank Guarantee funding is the process of converting a bank guarantee into a cash or legal tender.
What is the LTV (Loan To Value) for leased bank instruments? At Kingrise Finance Limited, we offer the best rates in the industry. All our bank instruments are issued from prime banks and we offer 80% LTV which you cannot get elsewhere. So why go elsewhere?
Terms and Procedure for BG/SBLC
Below is the normal procedure for the submission and issuance of a Bank Guarantee or Standby Letter of Credit from Kingrise Finance Limited (KFL)
Step 1: Application is made to KINGRISE FINANCE LIMITED for opening of a BG/LC//SBLC including but not limited to the following:
  1. BG/SBLC application form. (Provided by KINGRISE FINANCE LIMITED upon request)
  2. Desired verbiage of BG/SBLC. (If none provided, KINGRISE FINANCE LIMITED will provide its normal BG/SBLC / letter of credit verbiage.
  3. SWIFT code and address of beneficiary bank.
  4. Know Your Customer (KYC) documents including but not limited to: Passport copy of applicant, proof of address documents such as electricity or water bill, articles of incorporation of applicant company and brief summary, executive summary and/or business plan of underlying transaction.
Step 2: KINGRISE FINANCE LIMITED reviews all documents presented and evaluates acceptability of documents. KINGRISE FINANCE LIMITED then either approves application or denies and shall inform the applicant of such decision.
Step 3: KINGRISE FINANCE LIMITED prepares draft of the BG/SBLC as it is comfortable to issue and forwards to client for approval. All drafts shall be in line with rules and regulations governing the issuance of BG/SBLC.
Step 4: The client approves the draft and:
  1. Signs a contract agreeing to the terms and conditions of issuance and issuance charges as negotiated.
  2. KINGRISE FINANCE LIMITED issues the invoice for the agreed upon charges.
Step 5: Client makes payment of charges as per agreed upon payment structure.
  1. Client shall provide TT/Wire copy of payment made to KINGRISE FINANCE LIMITED account.
  2. KINGRISE FINANCE LIMITED shall confirm to client credit of funds upon receipt of funds to KINGRISE FINANCE LIMITED account.
Step 6: KINGRISE FINANCE LIMITED uploads draft to SWIFT system and provides copy to applicant for final approval of message. Upon approval given by applicant KINGRISE FINANCE LIMITED then releases the SWIFT to beneficiary bank coordinates.
Step 7: Copies of released SWIFT are then forwarded to the client via email or hard copy as requested. In case the client is represented by an advisor, then it is forwarded to the advisor only.
Step 8: Any amendments to BG/SBLC are subject to approval of KINGRISE FINANCE LIMITED.
DESCRIPTION OF BUY/PURCHASE BANK INSTRUMENT (BG/SBLC)
  1. Instrument: BG (Bank Guarantee) Standby Letter of Credit (SBLC), cash-backed,
  2. Total Face Value: EuUSD 2 Million (Min) to EuUSD 500m (Max)
  3. Issuing Bank: HSBC Hong Kong, Barclays Bank London, Deutsch Bank AG, Frankfurt or any AA Rated Bank.
  4. Term / Age: One (1) Year and One (1) day, Fresh Cut
  5. Invoice Price: 45% Net and 47% Gross of the face value of each BG/SBLC to the Seller, including 2% consultancy fees as per IMFPA.
  6. Consultation Fee: In total of 2%, which is to be split and paid to the consultants as follows:
1% to …(Seller’s Mandate).., paid by the SellePayer-1
1% to ………………………, paid by the BuyePayer-2 7. Delivery of instrument: Bank-To-Bank by SWIFT MT-760, as per the Schedule of Delivery of Buy-Sell Agreement
  1. Payment for instruments: By SWIFT MT-103 wire transfer
  2. Original Hard Copy: By bonded courier to Buyer’s designated Depository Bank within Seven (7) bank working days after receipt of BG/SBLC(s) settlement payment by SWIFT MT-103 into the Seller’s account.
BELOW IS THE DESCRIPTION OF LEASE BANK INSTRUMENTS (BG/SBLC/SLOC)
  1. Instrument: Fully Cash Backed Bank Guarantee {BG} or StandBy Letter of Credit {SBLC}
  2. Total Face Value: USD 2Million (Min) to USD 500m (Max)
  3. Issuing Bank: HSBC Hong Kong, Barclays Bank London or any prime Bank.
  4. Age: One Year and One Day (with rolls and extensions where applicable)
  5. Leasing Price: 4% (+ 2% brokers commission where applicable) 2% broker commission applies to clients that were introduced by brokers
  6. Delivery: SWIFT MT-760
  7. Payment: MT103 Wire Transfer
  8. Hard Copy: Bonded Courier within 7 banking days.9. Bank Transmission fee: Depends on the face value of the bank instrument
Uses of Bank Instruments for potential holders or beneficiary
  1. Bank instruments vary in scope and purpose with each bank instrument serving a specific purpose. Bank instruments are very important in international trades, trade finance, important and export transactions and they are widely used by businesses, contractors, importers as well as exporters.
  2. Some financial instruments will act as Collateral or credit enhancement to shore up financial statements and profile.
  3. Loan or funding commitment; demonstrate project, business, venture or program has sufficient merit or cash flow returns to warrant funding and investments.
  4. Some bank instruments like letters of credit helps to facilitate international trade between companies that don’t know each other and have different laws and regulations.
  5. Proof of funds, bank guarantees, letters of credit; to facilitate, secure or execute projects, trade and business transactions.
  6. Bank instruments like letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the financing of international trade, where the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter, where it assumes the counterparty risk of the buyer paying the seller for goods.
  7. Another bank instrument known as bank guarantee acts similarly to a line of credit, except that a line of credit can be drawn upon at will by the bank’s client. A bank guarantee is used only if the client does not pay its vendor an agreed-upon amount. U.S. credit institutions are forbidden from assuming guarantee obligations, and therefore most international transactions require a standby letter of credit.
As we already admitted from the beginning of this article, there are many scammers in this industry so we advise every customer to be very vigilant and do their homework well before deciding to work with any provider. I must warn you that there are only 10 real providers of bank instruments in the world and Kingrise Finance Limited is occupying the top spot in the real bg/sblc providers list. We are the go to place when you need real sblc providers. We are the world’s leading provider of bank guarantee.

BG / SBLC Process- How to obtain or acquire a bank Guarantee (BG) or SBLC

One of the easiest and best ways to obtain a bank Guarantee (BG) Is through Kingrise Finance Limited. Kingrise Finance Limited was incorporated in Hong Kong on 22-SEP-1999 as a Government Licensed Money Lender with CR No.: 0689078. We are leading providers of Business Loan, SME Loans, Project Financing, Recourse Loan, Non Recourse Loans and Bank Financial Instruments such as Standby Letter of Credit Funding, Bank Guarantee, Performance Guarantee Bond, Tender Bond Guarantee, Advance Payment Guarantee, Bank Comfort Letter, BG/CD/BD/BCL/DLC/LOC/SLOC/SBLC etc.
We have been providing these financial services to our numerous customers all over the world including importers, exporters as well as customers that need credit enhancements or trade finance facilities to execute projects locally or internationally.
Our loan interest rate is just 3% annually and you can get loan financing from us with or without security or collateral. The loan term is up to 30 years with a grace period up to 3 years for those in the construction industry.
Our bank instruments, bg and sblc/sloc are issued from prime banks such as Barclays Bank London, Standard Chartered Bank, HSBC Hong Kong or any rated AAA bank of your choice. All our financial instruments are Cash-Backed and can be used as collateral to secure funding for projects, Discounting, Monetization and Private Placement Programs (PPP).
📷Finding Real Bank Instrument Providers- Kingrise Finance Limited
Why Choose Us?
BROKERS: We welcome new brokers who are direct to their clients. New brokers are welcomed and are rewarded with 2% commission on every deal they bring to us.
Email: [[email protected]](mailto:[email protected])
Website: www.kingrisefinance.com
Blog: https://kingrisefinance.blog
submitted by kingrisefinanceltd to u/kingrisefinanceltd [link] [comments]


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submitted by GiuliettaShop to Popify [link] [comments]


2020.06.21 16:39 abiech Wall Street Breakfast: The Week Ahead. I read this and thought it interesting. Enjoy from SeekingAlpha

Nike (NYSE:NKE) will headline a light roster of earnings reports in the week ahead, while Apple's (NASDAQ:AAPL) WWDC event sets the stage for the company's launch of the first 5G iPhones later this year. On the economic front, reports on existing home sales, jobless claims, consumer spending and a Q1 GDP revision will be the headliners. Fed heads are out in force next week, with virtual speeches on the docket for Raphael Bostic, James Bullard and Charles Evans. In a sign of normalcy, Ford (NYSE:F) and Fiat Chrysler Automobiles (NYSE:FCAU) are expected to return to pre-pandemic production levels at U.S. plants, while results of Fed stress tests on major banks will be announced on June 25.
Earnings spotlight: IHS Market (NYSE:INFO) on June 23; BlackBerry (NYSE:BB), KB Home (NYSE:KBH) and National Beverage (NASDAQ:FIZZ) on June 24; Nike (NKE), Darden Restaurants (NYSE:DRI), Accenture (NYSE:ACN) and Rite Aid (NYSE:RAD) on June 25.
IPO watch: U.S. grocery store operator Albertsons (ACI) is expected to price its IPO next week and begin to trade. The company could have a valuation of over $10B if the IPO prices at the midpoint of the expected range of $18 to $20 range. Albertsons, which is looking to raise as much as $2B, is one of the grocery chains seeing a sales boom in business during the coronavirus pandemic. Stakeholders Kimco Realty (NYSE:KIM) and Cerberus Capital are both selling off shares in the offering. No other IPOs are due to price during the week.
M&A tidbits: The walk date for the Caesars Entertainment (NASDAQ:CZR)-Eldorado Resorts (NASDAQ:ERI) merger arrives on June 24, although no surprises are anticipated. Shareholders vote on the Provident Financial (NYSE:PFS)-SB One Bancorp (NASDAQ:SBBX) deal on June 25. On the same date, Delphi Technologies (NYSE:DLPH) shareholders vote on the merger with BorgWarner (NYSE:BWA). It is almost a lock that there will be some more drama in the Taubman Centers (NYSE:TCO)-Simon Property (NYSE:SPG) duel.
Projected dividend changes (quarterly): Kroger (NYSE:KR) to $0.17 from $0.16, John Wiley (NYSE:JW.A) to $0.35 from $0.34, Saul Centers (NYSE:BFS) to $0.27 from $0.53.
Spotlight on Nike: Nike will post its FQ4 report with more uncertainty in the air than almost any time before due to the lack of formal guidance from the company. The two biggest pullouts from the report are likely to be the pace of recovery in China and the momentum of the e-commerce business. Nike is one of the companies seen by Wall Street as in a strong position on the other side of the pandemic. "We see Nike as favorably positioned for both secular fitness/casualization trends and industry structural changes that benefit those with strong direct engagement with consumers," notes bullish-leaning Wells Fargo ahead of the print. Stocks that quite often move right along with Nike on earnings day include Foot Locker (NYSE:FL), adidas (OTCQX:ADDYY), Under Armour (NYSE:UAA) and Dick's Sporting Goods (NYSE:DKS).
WWDC: Apple will hold its annual developers conference on June 22-26 in a virtual format this year. Apple is expected to announce its ARM-based Macs as the company advances its control of chips and architecture away from Intel (NASDAQ:INTC). Enhancements with iOS14, tvOS 14 and watchOS 7 are also anticipated, along with new products/R&D initiatives on the AR headset and wearables/AirPods front. Tim Cook will give the keynote presentation on June 22 at 10:00 Pacific time in what is likely to be his last presentation before the annual September iPhone reveal event.
Healthcare watch: Bristol-Myers Squibb (NYSE:BMY) has an investor series presentation next week covering its early pipeline/immuno-oncology on June 22 and hematology on June 25. PDUFA dates arrive for Karyopharm Therapeutics' (NASDAQ:KPTI) Xpovio on June 23, Zogenix's (NASDAQ:ZGNX) Fintepla on June 25 and Heron Therapeutics' (NASDAQ:HRTX) HTX-011 on June 26. The big event of the week in the sector is the American Association for Cancer Research (AACR) Virtual Annual Meeting II running from June 22-24. A large number of potentially market-moving posters and abstracts are due to be released, as well as special sessions on COVID-19 and cancer research. Some of the notable companies due to present include Gilead Sciences (NASDAQ:GILD), AstraZeneca (NYSE:AZN), Phio Pharmaceuticals (NASDAQ:PHIO), Exicure (NASDAQ:OTC:XCUR), Xencor (NASDAQ:XNCR), ESSA Pharma (NASDAQ:EPIX), ImmunoGen (NASDAQ:IMGN), Molecular Templates (NASDAQ:MTEM), Guardant Health (NASDAQ:GH), CRISPR Therapeutics (NASDAQ:CRSP), Jounce Therapeutics (NASDAQ:JNCE), GlycoMimetics (NASDAQ:GLYC), Seattle Genetics (NASDAQ:SGEN), Provectus Therapeutics (OTC:PVCT), ORIC Pharmaceuticals (NASDAQ:ORIC), Sanofi (NASDAQ:SNY), aTyr Pharma (NASDAQ:LIFE), TG Therapeutics (NASDAQ:TGTX) and Neoleukin Therapeutics (NASDAQ:NLTX).
Bank tests: The Federal Reserve will release results of the annual bank stress tests on June 25. Fed Vice Chair Randal Quarles noted that the test this year includes running banks up against three possible economic trajectories of varying severity to see how they perform due to the unprecedented uncertainty about the pandemic. The test will see how banks perform against a rapid V-shaped recovery, a slower U-shaped recovery and a rough W-shaped recovery. The test results could factor in to dividend decisions down the road for Bank of America (NYSE:BAC), Citigroup (NYSE:C), Goldman Sachs (NYSE:GS) and JPMorgan (NYSE:JPM), while Capital One (NYSE:COF) and Morgan Stanley (NYSE:MS) are seen being pushed under the scenarios. Traders are making plays based on the results, with a notable amount of bullish options bets being placed on Wells Fargo (NYSE:WFC). Some other bank names to watch when the results roll out are PNC Financial (NYSE:PNC), Truist (NYSE:TFC), Regions Financial (NYSE:RF), Ally Financial (NYSE:ALLY), HSBC North America (NYSE:HSBC), UBS (NYSE:UBS), Credit Suisse (NYSE:CS), Barclays (NYSE:BCS), Bank of New York Mellon (NYSE:BK) and Huntington Bancshares (NASDAQ:HBAN).
Analyst meetings and business updates: Electronic Arts (NASDAQ:EA) will host a fireside chat for the investor community with members of its management team on June 22. The impact of some of the games introduced at EA Play Live 2020 will be discussed. Hewlett Packard Enterprises (NYSE:HPE) is launching the first-ever HPE Discover Virtual Experience on June 23 to showcase the company's pivot to an edge-to-cloud platform-as-a-service company. In the transportation sector, Kansas City Southern (NYSE:KSU) is participating in a Q&A webcast with Cowen on June 23. Also on June 23, Dell Technologies (NYSE:DELL) has an investor call with Morgan Stanley scheduled. Meanwhile, Sanofi is holding a virtual R&D day event on June 23. Bristol-Myers Squibb has an investor event covering immunology and cardiovascular on June 26.
Conferences rundown: The timing looks spot on for the Jefferies Virtual Consumer Conference on June 23-24 with the pandemic shifting shopping habits in the U.S. Companies due to present include Hasbro (NASDAQ:HAS), Planet Fitness (NYSE:PLNT), Nu Skin (NYSE:NUS), Freshpet (NYSE:FPT), Murphy USA (NYSE:MUSA), Sysco (NYSE:SYY), Hostess Brands (NASDAQ:TWNK), Shack Shack (NYSE:SHAK) and Jack in the Box (NASDAQ:JACK). In the healthcare sector, the BMO 2020 Prescriptions for Success Healthcare Conference features virtual presentations by Humana (NYSE:HUM), Halozyme (NASDAQ:HALO), Horizon Therapeutics (NASDAQ:HZNP), Apellis Pharmaceuticals (NASDAQ:APLS), Amgen (NASDAQ:AMGN) and Replimune (NASDAQ:REPL) on June 23. Other conferences of note include the SVB Leerink CybeRx Series CNS Forum, BMO Chemicals & Packaging Conference, Wells Fargo Bricks to Clicks Digital Conference, Goldman Sachs Leveraged Finance Conference and the Morgan Stanley Zero Trust Architectures Virtual Thematic Conference. On the smaller side of the conference schedule, the mining and metals sectors will be in focus, with John Tumazos Very Independent Research virtual meetings set for June 23-24 on Wheaton Precious Metals (NYSE:WPM), Western Copper and Gold (NYSEMKT:WRN), KORE Mining (OTCQB:KOREF), Amarillo Gold (OTCQB:AGCBF), Sierra Metals (NYSEMKT:SMTS), Foran Mining (OTC:FMCXF), Wolfden Resources (OTC:WLFFF), Trilogy Metals (NYSEMKT:TMQ) and Adventus Mining (OTCQX:ADVZF).
Ford F-150: Ford has a digital reveal event for the all-new F-150 set for June 25. The Ford team is expected to describe innovative features of the all-new F-150, including the new electrical architecture, a flat-lying passenger sleeper seat and over-the-air updates to key modules controlling vehicle performance and user experiences. The new truck is seen as a critical part of Ford's plan to slash $5B in warranty costs and push the automaker's vehicle connectivity platform. As a profit generator, the F-150 launch later this year will also help restore the company's balance sheet. The all-new Ford F-150 will be discussed by execs in detail during a June 26 conference call with Citi Research.
Deurbanization trade: Expect more talk from analysts next week about which sectors and stocks could benefit if the mega-trend of people and businesses moving out of downtowns of major cities becomes a reality. Jefferies got the ball rolling last week by singling out Home Depot (NYSE:HD), Lowe's (NYSE:LOW), Best Buy (NYSE:BBY), Floor & Decor (NYSE:FND), At Home (NYSE:HOME), Williams-Sonoma (NYSE:WSM) and Wayfair (NYSE:W) as retailers that could gain from an uptick in suburban living and more spending on houses than metropolitan apartments. One of the bigger pure plays is Tractor Supply (NASDAQ:TSCO), which has racked up a 64% gain over the last 90 days.
RVs: Keep an eye on the RV sector with May shipment numbers due out from the RV Industry Association. Demand is expected to be on the rebound after RV shipments fell 82% in April. Looking ahead, there is a difference in opinion on Wall Street on the outlook for Winnebago (NYSE:WGO), Thor Industries (NYSE:THO), Patrick Industries (NASDAQ:PATK), LCI Industries (NYSE:LCII) and Camping World Holdings (NYSE:CWH). Some firms like SunTrust Robinson Humphrey expect a RV boom as consumers gravitate toward safer vacations, while Bank of America has warned that the high rate of unemployment and salary cuts could keep discretionary spending in check.
Sports betting: Time is running out for the California Assembly to pass legislation on sports betting to move the issue to the November ballot. The bill has to pass through the legislature before June 25 to become an election issue. Why is it a big deal? California is forecast to have the potential for a +$30B sports betting market through sports books placed at tribal casinos, horse racing tracks and satellite wagering facilities. "California could easily become one of the most productive sports-betting markets in the world," observes gaming analyst Chris Grove. Tax revenue from sports betting would also help the Golden State with its budget issues amid the pandemic and economic downturn. Stocks of interest in relations to how sports betting in California plays out include DraftKings (NASDAQ:DKNG), William Hill (OTCPK:WIMHF), MGM Resorts (NYSE:MGM), Caesars Entertainment, Fanduel (DUEL), Red Rock Resorts (NASDAQ:RRR), Boyd Gaming (NYSE:BYD) and Wynn Resorts (NASDAQ:WYNN).
Casinos: The Nevada Gaming Commission is meeting on June 25 to likely approve amendments to state regulations that would streamline the process for moving to modern payment methods. The casino industry in general wants to quickly adopt cashless payment transactions on the casino floor due to the risk of handling cash during the coronavirus outbreak. The casino reset could have implications for Visa (NYSE:V), Mastercard (NYSE:MA) and American Express (NYSE:AXP), as well as financial apps from Apple (AAPL), Google (NASDAQ:GOOGL) (NASDAQ:GOOG) and PayPal (NASDAQ:PYPL). Casino operators like MGM Resorts, Wynn Resorts, Caesars Entertainment and Penn National Gaming (NASDAQ:PENN) would also welcome the change.
What's not playing: Warner Bros.'s (NYSE:T) feature animated film Scoob! will stream on HBO Max on June 26 after running in a premium video on-demand window. The children's picture was first scheduled for theaters on May 15 before opting for a 48-hour rental PVOD period price of U.S. $19.99. While Scoob! didn't make quite the splash that Trolls World Tour did in the spring when it nabbed $100M in digital sales over three weeks, it's another incremental step away from the traditional studio release format for major studios like Sony (NYSE:SNE), Universal Pictures (NASDAQ:CMCSA) and Disney (NYSE:DIS). As for theater chains, auditoriums are likely to operate at 25% to 50% capacity as AMC Entertainment (NYSE:AMC), Cinemark (NYSE:CNK), IMAX (NASDAQ:IMAC), Marcus Entertainment (NYSE:MCS) and Reading International (NASDAQ:RDI) open back up this summer.
Notable annual meetings: Companies with virtual annual meetings set next week include Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) on June 22, Dave & Buster's Entertainment (NASDAQ:PLAY) on June 23, Keurig Dr Pepper (NYSE:KDP) on June 24, At Home Group and Tailored Brands (NYSE:TLRD) on June 25.
Barron's mentions: The publication digs out four industrial companies whose stocks are called compelling. Midsize manufacturers RBC Bearings (NASDAQ:ROLL) and Wabtec (NYSE:WAB) join large-caps Emerson Electric (NYSE:EMR) and Ametek (NYSE:AME) on the short list of economy recovery picks. Of the four, Wabtec trades with the lowest forward PE ratio at 14.2. Brunswick (NYSE:BC) is also singled out this week as an advantageous product-mix shift and rising boat demand are seen helping to drive shares higher. Most of Brunswick's profit is derived from the high-margin Mercury engine business. The rally in tech names hasn't encapsulated the entire sector. Attractive names still trading at less than 4X sales include Western Digital (NASDAQ:WDC), CACI International (NYSE:CACI), Leidos Holdings (NYSE:LDOS), Seagate Technology (NASDAQ:STX), Amdocs (NASDAQ:DOX), Ciena (NYSE:CIEN), Accenture, MKS Instruments (NASDAQ:MKSI), Intel and F5 Networks (NASDAQ:FFIV). The cover story this week hits on the rising inequality issue in the U.S., noting that it can be a breeding ground for all kinds of concerning things for the market like secular stagnation.
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2020.06.15 04:58 kingrisefinanceltd What is Bank Guarantee (BG), Types of Bank Guarantee and how does bank guarantee work

Bank Guarantee: Meaning, Types, Uses, Advantages, Charges, Difference & Process.
📷
TABLE OF CONTENTS
  1. What is the Meaning of Bank Guarantee?
    1. What are the Types of Bank Guarantee?
    2. What are the Uses of Bank Guarantee?
    3. What are the Advantages and Disadvantages of Bank Guarantees?
    4. What are the Costs and Charges of Bank Guarantee?
    5. What are the major Difference between BG & Letter of Credit (LOC)?
    6. What is the process to obtain or acquire a bank Guarantee (BG)?
1. What is the Meaning of Bank Guarantee?
A bank guarantee is a promise from a bank or a financial institution that if a particular borrower defaults on a loan, the bank will cover the loss.
The bank guarantee signifies a lending institution ensures that the liabilities of a debtor is going to be met. In other words, if the debtor is unsuccessful to settle a debt, the bank will cover it. A bank guarantee allows the customer, or debtor, to acquire goods, purchase equipment or draw down a loan.
A bank guarantee acts similarly to a line of credit, except that a line of credit can be drawn upon at will by the bank's client. A bank guarantee is used only if the client does not pay its vendor an agreed-upon amount. U.S. credit institutions are forbidden from assuming guarantee obligations, and therefore most international transactions require a standby letter of credit.
2. Types and Examples of Bank Guarantees
There are many different kinds of Bank Guarantee namely:

For example, St. Marys hospital is a new hospital that wants to buy $1 million in medical equipment. The equipment vendor requires St. Marys hospital to provide a bank guarantee to cover payments before they ship the equipment to St. Marys hospital. St. Marys hospital requests a guarantee from the lending institution such as Kingrise Finance Limited ( kingrisefinance.com ) keeping its cash accounts. Kingrise Finance Limited essentially cosigns the purchase contract with the vendor.
KEY TAKEAWAYS

3. What are the Uses of Bank Guarantee?

Though there are lots of uses from a bank guarantee for the applicant, the bank should process the same only after ensuring the financial stability of the applicant/business. The risk involved in providing such a guarantee must be analysed thoroughly by the bank
4. What are the Advantages and Disadvantages of Bank Guarantees?
Bank guarantee has its own advantages and disadvantages. The advantages are:

On the flip side, there are some disadvantages such as:

5. What are the Costs and Charges of Bank Guarantee?
Generally, BG charges are based on the risk assumed by the bank in each transaction. For example, a financial BG is considered to assume more risk than a performance BG. Hence, the fee for financial BG will be higher than the fee charged for performance BG. Based on the type of the BG, fees are generally charged on a quarterly basis on the BG value of 0.75% or 0.50% during the BG validity period. Apart from this, the bank may also charge the application processing fee, documentation fee, and handling fee. In some cases, security is required by the bank from its applicant, which is generally 100% of the BG value. In certain cases, collateral security or cash margin may also be accepted by the issuing bank.
6. Difference between Bank Guarantee (BG) & Letter of Credit (LOC)
Bank Guarantee is not the same as a letter of credit, although with both instruments the issuing bank accepts a customer’s liability if the customer defaults. With a guarantee, the seller’s claim goes first to the buyer, and if the buyer defaults, then the claim goes to the bank. With letters of credit, the seller’s claim goes first to the bank, not the buyer. Although the seller will likely get paid in both cases, letters of credit offer more assurance to sellers than guarantees generally do.
LOC is a financial document which imposes an obligation on the bank to make payment to the beneficiary on completion of certain services as required by the applicant. LOC is issued by the bank when the buyer requests his bank to make payment to the seller on the receipt of certain goods or services. That is, when the buyer runs into cash flow difficulties or similar situations and thus cannot make immediate payment to the seller, he will approach his bank to make the payment to the seller on submission of certain documents. The bank will later recover the amount paid from the buyer along with the required charges.
On the other hand, under BG, the bank is required to make payment to the third-party only if the applicant fails to make the payment to the third-party or does not fulfil the required obligations under the contract. A BG is essentially used to ensure a seller from loss or damage due to the non-performance by the other party in a contract.
However, there are a lot of differences between LOC and BG.
Major differences between Letter of Credit (LOC) and Bank Guarantee (BG)
Particulars
LOC
BG

Nature
LOC is an obligation accepted by a bank to make payment to a beneficiary if certain services are performed.
BG is an assurance given by the bank to the beneficiary to make the specified payment in case of default by the applicant.

Primary liability
Bank retains the primary liability to make the payment and later collects the same from the customer.
The bank assumes to make the payment only when the customer defaults to make payment.

Payment
Bank makes the payment to the beneficiary as and when it is due. It need not wait for a default to be made by the customer.
Only when the customer defaults the payment to the beneficiary, the bank makes the payment.

Way of working
LOC ensures that the amount will be paid as long as the services are performed as per the agreed terms.
BG assures to compensate for the loss if the applicant does not satisfy the specified conditions.

Number of parties involved
There are multiple parties involved here - LOC Issuing bank, its customer, the beneficiary (third party), and advising bank.
There are only three parties involved - banker, its customer, and the beneficiary (third party).

Suitability
Generally, this is more appropriate during the import and export of goods and services.
Suits any business or personal transactions.

Risk
Bank assumes more risk than the customer.
Customer assumes the primary risk.
7. What is the process to obtain or acquire a bank Guarantee (BG)?
One of the easiest and best ways to obtain a bank Guarantee (BG) Is through Kingrise Finance Limited. Kingrise Finance Limited was incorporated in Hong Kong on 22-SEP-1999 as a Government Licensed Money Lender with CR No.: 0689078. We are leading providers of Business Loan, SME Loans, Project Financing, Recourse Loan, Non Recourse Loans and Bank Financial Instruments such as Standby Letter of Credit Funding, Bank Guarantee, Performance Guarantee Bond, Tender Bond Guarantee, Advance Payment Guarantee, Bank Comfort Letter, BG/CD/BD/BCL/DLC/LOC/SLOC/SBLC etc.
Our bank instruments, bg/sblc issuance and monetization process is simple, fast and efficient and we offer the best rates as well as the best LTV in the industry.
Our bank instruments, bg and sblc/sloc are issued from prime banks such as Barclays Bank London, Standard Chattered Bank, HSBC Hong Kong or any rated AAA bank of your choice. All our financial instruments are Cash-Backed and can be used as collateral to secure funding for projects, Discounting, Monetization and Private Placement Programs (PPP).
Why Choose Us?
BROKERS: We welcome new brokers who are direct to their client. New brokers are welcomed and are rewarded with 2% commission on every deal they bring to us.
Kindly contact Us today for all your funding needs, including business loan, sme Loans, project financing, Lease bg, Lease sblc, Bank Guarantee Provider
Website: www.kingrisefinance.com Email: [[email protected]](mailto:[email protected])
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2020.05.28 15:32 the_wine_expert Norinchukin Bank loses $3.7b and halts investing in CLO market

https://www.wsj.com/articles/japanese-farmers-foray-into-risky-u-s-debt-leaves-3-7-billion-hole-11590582336
The Japanese bank that was the biggest buyer of debt used to fund private-equity buyouts suffered a ¥400 billion ($3.7 billion) hit and said it would stop investing in that market. Norinchukin Bank owns about 10% of the $700 billion market for corporate debt that was packaged into securities called collateralized loan obligations. Other big buyers include Wells Fargo & Co. and JPMorgan Chase & Co., which each owned about $30 billion worth of CLOs at the end of the first quarter. Losses on these investments could hamper the banks at a time when bad loans are rising. They could also sour investors on CLOs, which bought roughly 60% of the debt that private-equity companies used for deals in recent years, according to the International Monetary Fund. “We will limit making new investments” in CLOs, Chief Executive Kazuto Oku said. Norinchukin’s ¥7.7 trillion ($71 billion) portfolio of CLOs was invested in the triple-A slices of these securities, and the loss dates back to the end of its fiscal year on March 31. The bank, which serves Japan’s farmers and fishermen, said the unrealized losses were offset by gains elsewhere in its portfolio. The market has rebounded since the end of March, so its losses on CLOs have likely shrunk since then. Prices for the type of securities the bank owns were trading at 95 cents on the dollar March 31 and were nearly 97.5 cents in mid-May, according to data from Barclays. Neither JPMorgan nor Wells Fargo announced losses on their CLO holdings.
Until last year, Wall Street veterans had marveled at the outsize role played by the large but little-known Japanese bank in the market for CLOs. It was a sign of how Japanese financial institutions, faced with negative interest rates on their own government’s bonds and limited opportunities to lend, were searching ever farther afield for high-yielding investments. Like most investors in the safe parts of CLOs, the banks are seeking extra yield for the same level of risk. That strategy blew up in the financial crisis when supposedly safe securities backed by mortgages caused big losses for banks. CLOs have performed better, but as the market boomed, lending standards loosened. When the coronavirus pandemic hit, U.S. companies were carrying significant amounts of debt. What followed were bankruptcies of companies like Hertz Global Holdings Inc. and J.C. Penney Co. Moody’s Investors Service in April placed ratings on 859 securities from 358 U.S. CLOs, worth some $22 billion, on review for downgrade.
An important risk right now is that the mathematical models that created the safe securities didn’t take into account a scenario like the coronavirus pandemic, according to Rod Dubitsky, who headed U.S. asset-backed securities research at Credit Suisse until 2009.
Mr. Dubitsky argued back then that subprime mortgage-backed securities were due for a wave of downgrades, and he recently issued the same warning for triple-A rated CLO bonds. He argued in a recent paper that the securities don’t deserve such high ratings because of the impact of the pandemic on the economy. “The entire concept of triple-A CLOs goes out the window because there is not much diversification left when the entire portfolio is subject to a global economy that is in deep recession,” Mr. Dubitsky said in an interview. In recent weeks, ratings firms Moody’s, S&P Global Inc. and Fitch Ratings have collectively placed more than 1,600 bonds from mostly lower rated CLOs on review for possible downgrades.
The rising risks in CLOs threaten to limit the biggest source of funding for private-equity buyouts and a source of funds for struggling companies that are owned by PE firms. If too many loans held by the funds are downgraded to the lowest levels, the funds may not be able to buy new loans, further tightening the lending markets. Mr. Oku, the Norinchukin chief, sounded only slightly chastened by the losses, saying it was his job to extract return from the bank’s portfolio and pass it on to members. “It is difficult to disagree with the opinion that we have to use member banks’ money more effectively instead of investing in overseas CLOs,” he said. “But we have to steadily try to make investments that are profitable.” Mr. Oku didn’t say what specifically caused losses in his bank’s portfolio, but he held out hope that his holdings might keep their value even in a bad situation. The bank was stepping away from new investments in that market, he said. “We will have to examine risks in two stages: how many U.S. companies will go bankrupt or file for chapter 11, and after that, in how many of these cases we will see AAA-rated CLOs being affected,” he said at a news conference. For now, Norinchukin isn’t reflecting the CLO losses on its bottom line. Mr. Oku said the bank still had much larger unrealized gains in other parts of its portfolio and planned to hold the CLOs to maturity. Norinchukin acts as a central pool for funds gathered by local farming and fishing cooperatives throughout Japan, and it holds about $600 billion in deposits from member cooperatives. It can use the money to make loans to companies in farming, forestry or fisheries, or it can simply invest it in global markets like any money manager, seeking returns to distribute to members. Its problem for years has been a shortage of loan opportunities, leaving the money-management side of the business as the dominant one. The number of people working in agriculture as their main job has fallen 35% during the last decade, and those who remain are mostly over 65.
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2020.05.15 15:48 cpgupta561 PCG, a second shot at riding 11->18+ on bankruptcy exit

PCG, a second shot at riding 11->18+ on bankruptcy exit
EDIT: JUDGE JUST RULED, DISMISSING ABRAMS MOTION, WE GOING TO THE MOON BOIIIISS, NO DELAYS ON EXIT!
Hey all, here to share the last chance you have at getting PCG cheap before all the catalysts the next two weeks make it run like Usain Bolt to the mid-high teens
This past week there’s been a few good posts on PCG—thanks u/veritasinvestments and u/hjkoivu. Credit to mgr4 and others who helped contribute to this DD through discussion and research
I’m sure most of you degenerates are too lazy to read them, much less figure out what’s going on, so feel free to skip to the tl;dr. But for those of you who care, here’s my take on things. I wanted to post because this is a rare good opportunity on WSB, and also because it needs to be explained more simply, with greater examination of the details, so that my fellow gamblers can understand.
I told people to buy PCG back in December almost six months ago https://www.reddit.com/wallstreetbets/comments/e7h72m/pcg_growing_more_and_more_likely_to_exit/ when it was under 10$ and looked like a potential bankruptcy exit was possible. It ran to 18$ by February on the idea that PCG would exit bankruptcy and made mucho tendies. If you played this and made money, great, if not don't fret, you got another shot rabbit, don't choke this time
Just this morning Barclays upgraded to overweight, earlier UBS upgraded to 15$ PT based on exiting bankruptcy likely
Today we got a once in a lifetime do-over thanks to COVID where we are at the final precipice of bankruptcy exit, its priced at 11$ (and rising with upgrades each week), the final votes are the next two weeks and things are all looking positive.
TL;DR PCG going towards 20$ by end of June, Shares = free $$, 5/29 calls near 14.50/15 are high risk targets, 6/19 calls towards 15$ are less risky and mucho money, september 20C are free money, buy, sell on run up next 6 weeks and IV spikes
PCG - A Load of Hot Shit
PCG is a CA power company that did a bunch of naughty things and some homes / people burnt up (CA is a tinderbox come summertime). This resulted in PCG having to account for huge insurance claims, which obviously sent them into bankruptcy. The share price understandably plummeted:
https://preview.redd.it/4vir721wnxy41.png?width=773&format=png&auto=webp&s=a0c47db89008359b791a0d1765969f4c52d4a433
Now, the more observant among you may also note rather large spikes in volume in Jan 2019 and December / Jan 2020, followed by the share price rising significantly. What caused these spikes, you may ask? Well, the chance that PCG could come out of bankruptcy in a manner that would be beneficial to the shareholders of PCG’s equity. However, both times the plan was delayed, resulting in lower confidence and the share price dropping.
Clearly, if these had been actual exits, PCG would have skyrocketed—we’re seeing the price hit $17-20+ on proposals and rumors alone. That’s because PCG is monopolistic in California, and would be an absolute beast given two things: 1. It could exit on semi-favorable terms and 2. It could ensure, in some way, that it wouldn’t get fucked over by a fire yet again through enforcement of measures to reduce risk (and a nice tidy 20B+ wildfire fund that the state provides to help utilities reduce the burden of paying for fire liabilities).
Simply look at the following screenshot of its income statement these last few years, and imagine what it would look like if “unusual items” (give you one guess as to what those are) were removed:

https://preview.redd.it/i2r4y3vxnxy41.png?width=660&format=png&auto=webp&s=d86e04b205546dcce59fcc720a0ab11bce57082d
Good news, degens! The bankruptcy exit plans are underway again, and they do the two major things mentioned above. PG&E is allowed to remain solvent and continue generating huge revenues ($4.3 billion + in Q12020 and even more in Covid times as people stay home). Second, assuming PG&E exits by June 30th—a provision designed to help speed the process along—they’ll have access to $20+ billion in protection from a CA fund for future wildfire liabilities. So why will the bankruptcy exit occur now, when it didn’t in the past? Well, as Sir John Templeton once said when noting the four most promising words in investing, “This time it’s different!”
A Phoenix from the Ashes
For detailed past context on this whole process, read this article, it's great https://www.ft.com/content/582dd6e7-2ea5-4520-ae4c-d50c00c3799e
Here’s a timeline of the bankruptcy exit process. The two key dates are today, the 21st, and the 27th, which are when the victims' votes and the CPUC approval vote will be in, respectively, and when judge will confirm bankruptcy exit plan assuming everything positive. I’ll explain these terms soon, but just know that if both of these pass, PCG will almost certainly exit, resulting in mucho (California term) tendies when judge confirms bankruptcy exit:
https://preview.redd.it/mz45y0uynxy41.png?width=257&format=png&auto=webp&s=fbd24b8306a61de087f8d2a2c87f7686fbc7edb8
What are the chances of these votes passing? I’ll address the CPUC vote first. The California Public Utilities Commission is basically in charge of regulating utilities like PCG and therefore of approving bankruptcy exit. They are influenced mainly by their commissioner and by the governor. Gov. Slickback (Newsom) has already approved of the current proposal, and will urge the CPUC to approve it. In fact, the previous Gov. was largely ousted in part because of how he handled the PG&E situation. The CPUC commissioner also approves, and CPUC members are doing everything they can to see that this passes, including waiving a $200 million fine against PG&E. They’ve essentially approved already. Basically, if the people vote yes, CPUC will vote yes too.
And the people of California have been voting overwhelmingly in favor of the plan—we’re talking around 97+% of the votes that have been cast are “yes” votes. The plan needs only 2/3rds of those who bother to vote to vote yes. Further, the votes mentioned below account for a huge portion of those who can possibly vote (~70k max claimants and far fewer than that will vote). If you aren’t grateful for me wading into 60 pages of legalese to find this, fuck you (and yes, I didn’t just trust the seeking alpha article).
https://preview.redd.it/cl9loyn0oxy41.png?width=470&format=png&auto=webp&s=8465086d456c2e93fa6ba22128a8892fa5a526b9
Additionally, in this video, a lawyer representing several thousand more claimants mentions that his clients' votes are overwhelmingly in favor of the plan.
There’s only one issue in all of this, and it’s not even a real problem. A man named William Abrams is essentially alleging that a small proportion of the votes are invalid for conflict-of-interest reasons; Abrams wants these votes to be thrown out or wants the lawyers involved to initiate a re-vote with more disclosures. The WSJ picked up on this, causing algos to drop the PCG share price earlier this week.
The motion can be read here and is, in my opinion, largely BS. This is true on a purely mathematical level. From what I understand, the total debt owned by wall street firms is around $20 million dollars out of a $100 million credit facility. This hardly seems a conflict of interest when the facility is fixed-rate, and the creditors to Mr. Watt’s law firm have no say over him. Further, Watts’ law firm may make up to $1 billion from settlement, which is not considered by the court to be an issue (after all, contingent settlement fees are what align clients and attorneys’ interests, allowing victims to get compensation in the first place)! The $20 million pales in comparison and is a red herring.
Abrams actually has an alternate motivation himself: to get PCG to admit liability for the Tubbs wildfire, which destroyed his home. This is blatantly obvious when you consider the letter he filed to the court in August of last year. Abrams has a totally understandable motivation, but his claims are not legally legitimate. Further, he’s positioning himself as an advocate for victims, whereas in reality he’ll be screwing over the only company which could provide them with remuneration, as well as causing payments to be delayed by years and years.
Take a look at the response which was filed to Mr. Abrams’ motion: short, no-BS, and compelling. It doesn’t seem like the big boys think he’s worth worrying about.
Also worth noting is that the Judge, Dennis Montali, really wants this thing to go through. He’s taken Abrams’ claim “under advisement,” which essentially is necessary for PR and optics, but is largely ceremonial. If he was keen on delaying the vote he’d have done it at the hearing on the 12th. Since then he's moved forward with confirmation protocol and vote staying same. Consider the advise, dismissed.
Lastly, Governor was supportive if the CEO steps down as well as the BoD is replaced
https://www.wsj.com/articles/pg-e-ceo-to-step-down-after-tumultuous-year-11587564703 is stepping down mid-June, his job was to navigate bankruptcy exit, he's done that, time for new CEO
BoD is being replaced except 3 people https://www.wsj.com/articles/pg-e-promises-board-shake-up-as-it-pursues-californias-approval-on-bankruptcy-exit-11580535837
So who else knows this?
I’ve done enough DD for you already. Go look at the involved players betting on an exit: Centerbridge, Elliot, Apollo, etc. Serengeti Asset Management is a bankruptcy focused hedge fund that often profits when firms exit bankruptcy, and they have nearly 10% of their portfolio in PG&E. More will pile in once the bankruptcy exit is confirmed, and still more when the company emerges from bankruptcy (many institutional investors have mandates to hold off until such things happen). There's over 80% tute ownership, billions in a company in Ch11 currently. What happens when they exit and have liability protection for future fires and can truck on to a proper PE valuation? Big money inflow is what
Further, dark pool data shows buying at every slight dip:
https://preview.redd.it/uvvz2062oxy41.png?width=1879&format=png&auto=webp&s=155826b7029b6a00e31046a96e8d36a9aa0c0f5e
For Dark pools, read this article https://www.investopedia.com/articles/markets/050614/introduction-dark-pools.asp
Because of the aforementioned issues, PGC’s stock price has been depressed. While I’m not going to lie and say that I could accurately value it going forward, I will note that a ~3x NTM PEG is standard for utilities. If you want to compare metrics further, Edison International is the closest peer at 2.7x. In any case, the process of PCG’s depressed stock price recovering towards a more normal ratio should begin this month, and rapidly accelerate. I’ve seen longer term targets from $15 (UBS just raised their target to this, and they’re definitely still being conservative because of the hearing) to $25+. See below for a lazy comp set, and mess around with the numbers yourself:
https://preview.redd.it/dmsdj9t3oxy41.png?width=788&format=png&auto=webp&s=154ca45cd6aa48f03f8ae8d0e1b9398afd1c6540
There are two bear theories that are uncertain.
  1. Fires can happen in summer. If this happens PCG sells off just by fear of fires. My play involves selling before end of june on run up and then just wheeling PCG. Definitely not holding through entire Summer
  2. August 29th according to settlement plan is when PCG must deposit settlement money which is half cash and half issued as new equity. How much dilution will occur is uncertain as it must add up to 6.75B, but the idea is that this is undervalued and will normalize to 20s when exiting bankruptcy and be less dilution than expected. It'll get into a trust that sells shares in 18 months to return victims money.
Ultimately, the point is that smart money is betting on this play. Because we’re all single minded degenerates, that might be a turnoff, but it’s a vital piece of the puzzle.
There are other attractive things about PCG, too, particularly in this environment: it’ll actually be helped by more people staying home, it has no chance of falling in recession as utilities are safe havens (and this is massively undervalued), etc. But I’ve written enough. I’d encourage you to do your own research, and to look into all these interesting points.
TL;DR for you illiterate fucks.
PCG go up. Call good. PCG May 29th $15 Call (13-14.50 if you want to play it safer), June 19th 15$ Call, Sept 18th $20 Call. Enjoy IV kicks along the way up until the ruling on the 27th.
Also literally first time in 2 years Barclays made it a Buy vs a Hold
https://preview.redd.it/6lnbmpjfvxy41.png?width=765&format=png&auto=webp&s=49cf278e2dcd7477a8a460cf45f5a1e7bf6bd179
My Positions http://opcalc.com/7Pz
I hope to exit some of it near term positions around 14$ next Friday else on IV spike near judge ruling, depends how catalysts make it run next week
https://preview.redd.it/m5bwoaw4oxy41.png?width=1603&format=png&auto=webp&s=9d65fcf5a11308b985a9761e62db24dd39f712b9
I also have around 90K in shares on PCG
submitted by cpgupta561 to wallstreetbets [link] [comments]


2020.05.07 20:39 jdenbrok Card for being in Europe most of the time

Hi all,
I think I am in a pretty specific situation and so it will be nice for me to learn and maybe find possibilities.
It has been quiet a struggle for me to get a US credit card. In my country there are no nice benefits. Even cards without any benefits cost money. So when I needed a work visa due to regular work trips to the US and got a SSN with it, I was eager to also get a US credit card. I was not yet aware that to get a US credit card I also needed a US credit score and vice versa. Almost two years ago I was finally accepted by AMEX, however in Europe AMEX is not often accepted. So when at the end of last year I was approved for uber visa, I was very happy. I felt my US cc story was finished. I would use this card however literally the day after receiving my card, I was informed about their new bonus structure and lost all interest. The only thing I disliked about the card before was that it was linked to uber, so the uber credits have no value for me.
So now I am looking for a new card. I will mostly spend money in Europe. My spending in the US is negligible really. So having no foreign exchange fees is a must. Also categories that are limited to the US (eg groceries, gasstation) wont help me.
As it is difficult for me to request new credit cards, I would prefer a card that will probably stay stable (no more Barclays). Obviously I prefer no costs (unless of course the costs outweigh the benefits or the card can be transferred to a decent free one). My credit score is not growing fast and not that great, but I am willing to wait for a good card.
I want a visa or mastercard, as amex isn't very useful in Europe. I don't mind balancing different cards, but expect my credit score to drop with my next card which will getting another one difficult.

Thanks
Edit: learned the chase rule better and specified no amex.
submitted by jdenbrok to CreditCards [link] [comments]


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