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• Stretch Your TV Image With WiFi-187 video••••••Television•With No Borders• |
ReturnTop top top • • TVI
Magazine HOLLYWOOD
BEAT LookRadio AMAZON SoulFind NBS100 120
PIXELS 3 columns • TVInews
welcomes your comments.
newsroom@tvimagazine.com More
Articles • Converging
News NOVEMBER 2007 / TeleCom BuyOuts, Spinoffs and
Asset Seizure Boom •
PART
ONE - Hollywood Digital -
WUG4. - Respectfully
Submitted • • top top 40 40+110+570=720
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1.
Feature Story /
•
Why
Intermediaries? For
Click/Money!
•••
In the world of
international trade, Intermediaries are those third
party facilitators who act as your agent in
monetizing your goods, products and services. Trade
Acceptances, Advances, Drafts, and borrowing
between friends and getting friendly Cash Money . .
. Just gets easier with an Intermediary.
•••
As teenagers, group dynamics
are picked up in highschool. We learned that money
talks the walk when people pair off, whisper and
share point-of-views. As adults, we learn that
liquidity and knowing how to commoditize your
legacy -- speaks volumes in building a dynamic
"Cliquish" group society -- to moneitize your
business plans.
•••
"Both borrowers and lenders can profit -- and stay
friends -- as long as they're professional about it
and put the details in writing," says Troy Cory,
chief executive of China
Expo 2000, a U.S.A. / China, .- based entity.
TeleKey/Lending,
during the last 10 years has been referred to by
its users as: TeleKey/Lending, TeleKey Trade
Acceptance, CircleLending, InnerCircleLending, and
Signet TeleKey Money Facilitators.
•••
The Internet has brought on, "Click Money," and
"Click/Lenders." The facilitators are usually
referred to in the hedge fund industry as:
Intermediaries, Finders, or Middlemen. The
Intermediary charges a fee to facilitate all kinds
of loans, included, but not limited to local and
international business loans and mortgages, but
between people who are friends or relatives.
•••
• Why pay a go-between to get a loan from Mom?
Jiang Yang did it because he wanted to document for
the U.S. Pass Port officials, and the U.S. Internal
Revenue Service that the $475,000 he received from
his parents in Beijing was really a mortgage loan
-- not a gift -- and that therefore the interest
was tax deductible on his first U.S. Income Tax
Return.
•••
What's the benefit of using a go-between, like
ChinaExpo, for a loan between friends living in
either China or the U.S.A.?
Part
02 /
INTERMEDIARY
•••
A third party will do the math and the paperwork,
which many people would find difficult.
•••
For example, an ordinary calculator can tell you
that simple interest on a $25,000 loan at 5% would
be $1,250 annually. But determining the monthly
payment necessary to bring the balance of a $25,000
loan down to zero after three years is more
complicated. (It's $783.41.)
•••
An intermediary will also take care of drafting and
filing any required paperwork.
•••
For example: with any loan or foreign trade
exchange between countries, there should be a
signed Non-Disclosure / Non-Circumvention
Agreement, an Intermediary Agreement, stating the
amount of money requested, a Finders Fee Agreement,
and promissory note, a legally binding promise to
repay the money, if accepted by the Lender or
trader of goods, product for the monetary service
bank.
•••
Mortgage loans usually requires a trust deed and a
lien on the property to be filed and recorded with
the county, and held by the holder, he/she can flip
into a hedge fund security. If the interest on the
loan is deductible, whoever collects the payments
needs to report to the IRS the amount of interest
paid by the borrower, if it's deductible. The
interest income received by the lender or holder is
taxable.
•••
A third party Intermediary, like ChinaExpo 2000 can
keep businessmen from running afoul of some obscure
tax rules, Yang said. Specifically, if the interest
rate on a loan is "forgiven," or is below a certain
threshold set annually by the IRS based on market
interest rates, the agency considers the money
saved by the borrower to be a "gift." If the gift
exceeds a certain amount, it may be subject to gift
tax.
•••
"In our mind, having a third party involved in any
kind of monetary or trade-out transaction would
mean there would be no question for the federal
government -- or anyone else -- that a loan is a
loan, that was created to be paid back with
interest. ChinaExpo 2000 does the reporting for its
clients, to prove-up the transaction, that usually
exceeds $10-Million.
•••
About $89 billion in loans between people who are
friends or relatives are made each year, and
another $trillion between the citizens of signatory
member WMF countries. Yang said, "if the terms are
vague and the problems aren't spelled out in the
Trade Acceptance Agreement's, the parties may feel
awkward about the options and financial
arrangements. This is always the case especially
after the "Acceptance of the Monetary Advance," and
the borrower encounters problems in delivering his
goods, products or services to the "Circle/Lender."
Or, as Troy puts it: -- "The trick is to
conserve the valuable legacy resources. Make wise
decisions about how to use and cut
cost."
•••
"The typical behavior is to say, 'OK, here's the
Trade Acceptance you requested for $100,000,000.
I'd like you to pay me back in ten years,' " Yang
said. "There are no details. No payment plan, no
government permits. That creates a lot of
uncertainty."
•••
Done correctly, loans and trade acceptances between
friends or citizens of trusted nations can benefit
both sides, he said. As for ChinaExpo 2000's
dealings with P.R. China -- since 1988, not only
have most of their clients received the interest
rate requested, but they have received the value of
being the first into China. Of course, it's no
longer a secret that the Bank of China has received
a competitive return on their Yuan.
Part
03 /
• 01. How
does it work when "just friends" have an
intermediary handle the details? Here are some
questions and answers.
Click/Lending helps arrange
international complicated financing
amongst friendly parties.
Click
for YouTube - Troy Cory Show - China
Open Door Policy 1988
...
"China's
Open Door Policy To The USA" - VRA4003 -
Shanghai TV
• 02. What's the benefit of using a go-between
for a loan between friends?
A third party can
keep you from running afoul of some obscure tax
rules, Yang said. Specifically, if the interest
rate on a loan is below a certain threshold set
annually by the IRS based on market interest rates,
the agency considers the money saved by the
borrower to be a "gift." If the gift exceeds a
certain amount, it may be subject to gift tax.
•••
For Yang, TeleKey/Lending filled out the trust deed
and promissory note and recorded the lien on his
property. The company also sends him bills,
processes his payments and sends tax forms to him
and his parents.
•
03. Where do the funds come from to pay for foreign
trips and their related Intermediary costs?
•••
Troy says that, "acting as the Intermediary of many
TCS, and ChinaExpo trade missions throughout the
years commencing in the mid 1980s has been
very enlightening -- money wise." My firsthand
experience in this $billion arena is: if a U.S.
public official is involved, it is often said by
the Chinese officials, "that they are damned if
they do, and damned if they
don't."
•••
Each time a trade mission is being planned, there
weighs an internal debate about who's paying for
the trip, and as to why a Non-Circumvention -
Non-Disclosure Agreement must by signed first,
along with a Finder's Fee Agreement, and Trade
Acceptance Agreement, amounting to $millions.
•••
Some thought that if these trade mission
constituted legitimate government business, the
governments for the nations should pay, while
others insisted that private companies and
individuals should. Still others argued that, out
of an excess of caution, some of the costs should
be subsidized by political party members, like the
member of China Communist Party does.
•••
Private funding is the best way
to
go, loaded with money
partners-, the delegates seeking access and favors
from the host nation. If that's the case, the
entire trip will be taken for economic cultural/art
development motives.
•••
Despite public and media skepticism to the
contrary, I have been on enough foreign trade
missions to know that they are not vacation-like
junkets. On my first TCS concert tour to Shanghai,
in 1988, we landed at 2:00 AM. There was a video
camera inspection every morning at 4:30 AM.
SEE
WEBCAST - "OPEN DOOR
POLICY."
•••
Nowadays, it is important to understand that
government officials traveling on official business
representing the U.S. -- are expected to exchange
gifts with their hosts, Particularly in Asia. There
are centuries-old protocols involving this process.
To most Americans, it can seem like a ridiculous
amount of ritual involved, down to the order in
which gifts are given and to the size of the
packages and what's inside. It's a matter of
cultural judgment, not "kickbacks."
•••
"My candid sense is that some "Johnny Come Lately's
to China," are now piling bogeyman fears about
products from China," says Troy. This is about
revenge and envy. "After all, China's political
agenda is about monetizing its legacy and making
sure the 2008 Olympics are
successful."
4.
Related Stories
/ What's the
disadvantage?
•••
A third party or outside Intermediary costs money.
In theory, you could do everything TeleKey/Lending
does. If you are good at math, have trusted
governmental and banking contacts, you have all of
the forms that fulfill the Process; you know IRS
rules, and know the cultural indifferences between
nations that would save the cost of the Finder's
fees.
•••
The fees range from $20,000 to #40,000 just for
starters, after a Non-Circumvention Agreement is
signed. After the simple Trade Acceptance loan
request is excepted and a permit to do business in
a foreign company is given, the fee is usually 10%
to 20% of the requested amount.
•••
Who figures out the loan terms?
•••
The borrower and the lender.
•••
Yang says that TeleKey/Lending arranges the terms
on the international monetary market at the time of
appointment. The TeleKey Signet representative
usually walks the client through various
interest-rate and repayment options to help them
determine what's workable. The parties eventually
decided on a 10-year payback at 10% to develope an
affordable timetable.
What happens if you can't
make a payment?
•••
You call China Expo2000 and figure out a way to fix
it. "There are many options," Yang said. For
example, using our Process Centered Facilitator
services, (PCF) -- you may be enabled to make up
the missed payment or delivery over the remaining
term of the loan. If this happens, the lender will
"forgive" the missed payment, giving enough time
during the PCF TimeLine period for the
joint-venturer assigned to you, to pay the debt for
you.
5.
• Is there a fee to handle the
"forgiven transaction takeover" when the loan
doesn't go exactly as scheduled?
•••
No. ChinaExpo 2000 used to charge a fee, Yang said,
but after realizing that everybody got off the hook
by fixing the problem for free under the guidance
of the PCF process. The worse scenario is when your
foreign partner takes over your equity position in
your company.
•••
Does TeleKey/Lending deal with all types of
loans?
•••
No. The company handles only mortgages, and
business loans. It plans to start a
registry/recordation financial security service
next year.
•••
What's in it for the lender?
•••
That depends on the loan. In most Commercial Paper
cases, the lender cares less about the money. The
focus is about enabling a successful foreigner
business to enter into a business deal with PR
China. The gain of copyrights, trademarks and other
intellectually property rights assigned to the
lender are more important for competitive
values.
•••
They could have charged more, say, a 20% tariff
tax, but that would have been less than the market
rate on their intellectually property, or
talent
•••
"Companies in general are delighted to be doing
business in PR China, particularly when they don't
trust and have faith in Wall Street's paper
tailing," said Yang.
•
PART
TWO - Hollywood Digital - OpenSource -
Wigits
/
•
PART
THREE - Hollywood Digital Google's Plans for 2008,
the 100th Year of the Wireless
Telephone™
Josie
Cory
Publisher/Editor
TVI Magazine
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