|
The New revised
(Promissory Note)
This Information is for
All Private and Institutions Investors who‘ve been constantly frustrated by
the time length it takes to purchase SBLC /BG’s and MTN’s but don’t know any
other alternative of pur-chasing real banking security paper.
Welcome to the 2020 Newly
Revised Promissory Note.
We have reviewed and
examined the Introduction of this Newly designed Promissory Note and the
role it plays in connection with other major Banking financial instruments
across the EU, Asia and the USA, by looking at the constructed design and
diversity on how this paper helps most embedded in-situations and private
investors adopt a more open field in gaining the instrument investment they
require at faster and less expensive pace than the normal route were all use
to, this note presents a more flexible rang of capacity that might be need
to help to strengthen access to other financial instruments along with some
private Placement Programs.
Insurance Wrapped
We’ve also reviewed AON
Insurance who’ll be the principle Insurer who’ll cover the Insurance of this
note; there are also alternative choices of the top 5 Insurers, if AON may
not be acceptable by curtain institution or private investors.
This Promissory Note
comes with 3 main options to suit each investor’s needs:
Option 1
[Asset Management
Agreement]
Option 2
[Lease Agreement]
Option 3
[Buy Sell Agreement
Situation]
Euro Clear and
International Securities Identification Number (ISIN)
This Note also comes with
an extra added security measure, once the it’s been purchased, it comes with
an ISIN Number Code is used in nearly 100 countries to clearly identify and
show the state of the Notes details which is checkable on the Euroclear
based financial system that specialises in the settlement of securities
transactions as well as helping with the safekeeping of the promissory note
asset.
Overall our mother company First Edge Ltd
shows a great deal of comfort in being associated with this Newly Presented
Note, our above review also shows this paper must have been prepared on the
blessing of curtain financial Institutions. Our mother company also carried
out it’s own desk research, and interviews with other financial institution
including platforms and desks attaining to the banking Industry, they have
all agreed that a note such as this can be a major change on how
institutions and investors think.
Promissory Notes Explained
Promissory notes are legally binding
documents between a lender and a borrower of money. Promissory notes will
come with terms and conditions similar to any other financial agreements or
contracts. However, promissory notes do have certain specifications that may
not be found in other financial agreements.
Basic Promissory Notes
Promissory notes are often used
between individuals when sums of money are being lent and borrowed. These
notes are often used by individuals and companies as a guarantee that money
will be repaid on a specified date. However,
promissory notes are usually unconditional agreements between the
lender and the borrower.
The note may be used in connection
with some other form of service but there is one difference with a
promissory note; the agreed amount must be repaid even if the original
service agreement or contract did not occur. Promissory notes are stand
alone agreements and the principal promise of repayment is usually
unconditional, which means they will need to be repaid regardless of
whatever occurs between the lender and the borrower. However, promissory
notes will have a set of terms and conditions within the agreement.
The Guarantees of a Promissory Note
As promissory notes are agreements
between two people, the actual terms and conditions to be included can be
set out in a discussion or in writing between the individuals. Most
promissory notes are set out as written contracts but a verbal agreement
regarding There will of course be some differences depending on the
exact terms and conditions of the promissory note. the terms and conditions
can still be seen as binding.
There are certain specifications
that should be included in promissory notes and as legal documents go they
are not complicated documents full of legal jargon. As long as the
document's terms and conditions are clearly defined and both understandable
and agreeable by lender and borrower there should be no need to seek legal
expertise. However, where large sums of money are concerned it may be a wise
option to take some form of legal advice.
Details in a Promissory Note
There are details that will be used
in all promissory notes and these will include:
-
The name of the lender and the
borrower.
-
The address of the borrower.
-
The principal amount of money.
-
The length of the loan period.
-
Whether or not interest is to be
charged and the interest rates.
-
Information on defaults and
penalties.
-
Whether or not the loan will be
secured or unsecured. Signatures and witness signatures.
This list is not definitive and
there are terms and conditions that can be set in place by both the lender
and the borrower. These can include specific terms regarding repayments such
as compounded interest.
Unfair Terms
If there are any unclear clauses or
one party signed the note under any form of duress, then the document may
not be enforced if a dispute reaches the law courts. Similarly, if there is
any form of unbalance in the note that is biased towards one person, or any
of the terms seem unfair, such as extremely high interest rates, then the
note may not be enforceable.
Signatures
Once all of the terms and conditions
have been accepted then the final act will be to sign the note. The lender
should keep this note until all monies have been repaid and the agreement
has reached its conclusion.
Promissory notes are sometimes known
as IOUs or loan notes and the basic principle behind all of these terms is
the same. A promise has been made to repay money and this promise can be
legally enforced. It is in the best interests of the lender to always read
the terms and conditions of any financial contract before signing any
binding document.
| 
