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Post by ukipa on Nov 18, 2013 1:47:34 GMT 4
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Post by Sapphire Capital on Nov 18, 2013 3:11:09 GMT 4
what do you want to verify, bond does exist, rating is going lower, no one really wants this one giving the current situation of Venezuela, however you should speak to the Coordinators: Credit Suisse, Evrofinance Mosnarbank.
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Post by ukipa on Nov 18, 2013 19:15:15 GMT 4
Can someone verify the "beneficiary" as shown?
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Post by niseag on Nov 19, 2013 0:59:11 GMT 4
thats the name on the block but they do not own it yet
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Post by niseag on Nov 19, 2013 1:19:24 GMT 4
very careful, something is not right on the euroclear paper entry
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Post by Sapphire Capital on Nov 19, 2013 7:46:01 GMT 4
The Placement Memorandum is here: www.evrofinance.ru/files/venbond/venz2026.pdfissued at a price of 95% with above 11% p.a. interest coupon ANDSOLIT DE MEXICO S.A, MIER Y PESADO 123, P.B. COL., DEL VALLE, MEXICO D.F. can not have 100% because there is trading; see: www.bourse.lu/instrument/bond/summary?cdVal=181126&cdTypeVal=OBLThere is a problem with this entry: Registered Holder ANDSOLIT DE MEXICO S.A Blocking Instructions The financial instrument free clear without any limitations conditions or restrictions Block in favor of ANDSOLIT DE MEXICO S.A for period one year and one month. Blocking Period Blockade for period one year and month INVE//In favor of ANDSOLIT DE MEXICO S.A Screening EUROCLEAR Neither Chase, nor the handling agents would put faulty english or terms like one year and one month on the Euroclear server. |
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Post by ukipa on Nov 20, 2013 20:46:16 GMT 4
Thank you RL for confirming what my compliance department replied to my inquiry. The Euroclear print-out provided to us by the entity mentioned on the documents, is fake. I have taken proper steps to notify my team members to kick this request to the curb.
Best wishes,
P.I.
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Post by ukipa on Mar 26, 2014 2:53:45 GMT 4
Additional comments.
Euroclear 92146 is a Deliver Free and a transaction calling for free delivery, does not come with a "blocking instructions". This is wrong.
Also, HSBC's SWIFT code for UK is incorrectly shown here.
Too many errors.
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