"I think it is an immutable law in business that words are words, explanations are explanations, promises are promises -- but only performance is reality."
- Harold S. Geneen
Structured Financing
The “DPLC” assistance program is being provided by one of our participating hedge funds. This program was designed for clients who do not have the ability to provide the necessary funds to engage in the 15 / 100 program. If you can get your financial institution to issue you a “DPLC” against your assets, you may want to consider going to your financial institution before going through our our hedge fund program. This program is expensive.
What is a Direct Pay Letter of Credit?
“Direct Pay Letters of Credit” are hybrid financial vehicles that are typically associated with taxable or tax exempt bond financed projects. These letters of credit allow the applicant to utilize the credit rating of the issuing bank as well as actually make payments to the trustee responsible to bondholders. In structures that utilize Direct Pay Letters of Credit, the letter of credit may be drawn upon by the fiduciary – such as a bond trustee – without first relying on funds provided by our client. The Direct Pay Letter of Credit will be issued by one of the top 25 United States financial institutions, and is fully lienable, collateralizable, callable, transferable and assignable.
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