MTN Monetization

Mid-Term Note Monetization (MTN):

Evergreen Trading’s Monetization services cater to clients seeking to Discount, Monetize, or promptly secure a Non-Recourse loan against their Mid-Term Note (MTN) holdings. The Monetization process for Mid-Term Notes (MTN) provides Non-Recourse funds to the Client shortly after delivering the MTN to the Monetizer.

Monetization LTV:

Mid-Term Note (MTN) – 60% to 80% Non-Recourse

Estimated Completion Time:

7 to 14 Days after all documents are signed and verified or 3 to 4 Days After Instrument Delivery on the SWIFT or Euroclear Networks.

In some cases, due to the size of Mid-Term Notes (MTN), the Monetizer may offer clients two options:

– A one-time 60% LTV Non-Recourse Payment upon delivery of the Mid-Term Notes (MTN), OR

Three Split Payments totaling an 80% LTV over a 6 or 8 week period.

Closing Process – SWIFT:

1. After both parties execute the monetization contract, the Client instructs their bank to send SWIFT MT799 to the provided bank coordinates by the Monetizer.
2. Upon receipt of the SWIFT MT799 from the client’s bank, the Monetizer’s bank responds with a SWIFT MT799.
3. Once the Monetizer’s bank receives the SWIFT MT799, the Client’s bank delivers the Mid-Term Note (MTN) via SWIFT MT760 to the Monetizer’s bank.
4. Following receipt, confirmation, and delivery of the SWIFT MT760, the Monetizer, within a maximum of four (4) banking days, extends a Non-Recourse Loan as agreed, from its nominated bank to the Client.
5. The Monetizer commits to returning the Mid-Term Note (MTN) unencumbered fifteen (15) calendar days before the first anniversary of the signed contract between the parties.

Closing Process – Euroclear:

1. Upon mutual execution of the monetization contract, the Client directs their bank to transfer the Mid-Term Note (MTN) using FREE Euroclear Delivery to the bank coordinates provided by Evergreen Trading.
2. The Client’s Banker promptly forwards a certified Euroclear execution receipt confirming the delivery of the Mid-Term Note (MTN) to Evergreen Trading.
3. Following receipt and confirmation of the Euroclear assignment and delivery, Evergreen Trading, within a maximum of three (3) banking days, extends a Non-Recourse Loan for the agreed LTV from its nominated bank to the Client.
4. Evergreen Trading commits to returning the Mid-Term Note (MTN) unencumbered fifteen (15) calendar days before the first anniversary of the signed contract between the parties.

Example:

The Mid-Term Note (MTN) has an issued value of: $100,000,000,000.00

The Monetization of the Mid-Term Note (MTN) is Non-Recourse at 80% LTV, totaling: $80,000,000,000.00

The Client receives payment of $80,000,000,000.00

YES – IT’S THAT SIMPLE!

Contact us today for further information or to obtain the MTN Monetization Application.

Important: Our contracts also stipulate the return of the Mid-Term Note (MTN) to the original owner or Issuing bank 15 days before the Mid-Term Note (MTN) expires or after 1 calendar year (per the client’s preference). Additionally, we can facilitate the Mid-Term Note (MTN) transaction using Screen, Block, and Pay on the Euroclear or SWIFT Networks upon client request.