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Post by tanstaaflconsulting on Apr 4, 2017 14:04:46 GMT 4
An outfit under the name "CHINA DEVELOPMENT FUND." tries to monetise the Venezuelan Bond under the above mentioned ISIN Nr. To me it smells ratty. Does anyone have further knowledge? All information welcome! Rick
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Post by Sapphire Capital on Apr 5, 2017 7:13:12 GMT 4
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Post by alanbond on Apr 5, 2017 7:46:09 GMT 4
as far as I remember Chase is the agent for this one and I doubt when offered through gray markets that it can be delivered
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Post by tanstaaflconsulting on Apr 5, 2017 9:43:21 GMT 4
Meanwhile I am sure this "China Development Fund is bogus. Thank you for assistance!
Best regards, Rick
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Post by dracon on Apr 5, 2017 17:40:07 GMT 4
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Post by tanstaaflconsulting on Apr 5, 2017 20:05:26 GMT 4
I am pretty sure you are right. Nightmare confirmed. Thank you for assistance! Rick
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Post by conflict on Apr 6, 2017 3:22:19 GMT 4
we take in V Bonds that are delivered electronically and credited in our accounts for a dark collateral pool but the value is in the very low double digits(hardly over 10%) and we mix them with other assets for specific transactions, however what you have here is not a real transaction
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Post by tanstaaflconsulting on Apr 6, 2017 9:48:30 GMT 4
I dare call it fake.
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