Platinum Expanded™
Funding Process

The following is an outline of what items are needed to fund an investment grade financial instrument with our Platinum Expanded™ solution and reviews the funding process.

This information is generic and is provided to all clients the same. The information below includes references to our safeguards against fraud (as attempts to defraud are common within this industry) and in no way is intended to suggest or indicate any predisposed opinion for fraud toward any client.

Items needed for our Platinum Expanded™ financial instrument funding solution:
  • MT-799.
  • Client Information Sheet*.
  • Color scan of the passport of the signatory.
  • A CSKR or BCL*
  • A very brief letter signed by the signatory requesting a “loan” against the instrument.
  • Complete details, including:
    • Name of the signatory
    • Name of the company
    • Complete address
    • Telephone, fax, email
    • Type of instrument
    • Face value of instrument
    • Instrument Issuer
    After receipt of the above items, a LOI (Letter of Intent/Interest) and a non-binding commitment letter will be issued. The LOI will outline any additional items that will be needed, if any (a LOI is not issued unless we are sure we can fund against the type of proposed instrument, with the assumption that it is real).

    Upon confirmation from you that you would like to proceed with funding against the instrument, you will be required to execute a Service Agreement and pay a due diligence fee of approximately $40-60K. The due diligence fee covers the costs paid to an attorney, travel expenses for the funder traveling to the client and also acts as a deterrent against fraud (nobody trying to commit fraud will pay the due diligence fee if they believe they have a chance of getting caught).

    AFTER YOUR INSTRUMENT HAS SUCESSFULLY FUNDED AND RRCI HAS BEEN COMPENSATED, RRCI MAY REFUND TO THE CLIENT THE DUE DILIGENCE FEE **

    Up to this point, no bank to bank communication has taken place.

    Bank to bank communication will now take place.

    The funder will now fly to your location and sign loan documents with you (within 3-5 days).

    The instrument is blocked.

    The funding occurs within 5-15 days, depending upon the face value of the instrument and how many instruments are involved in the particular transaction.

    The list that could stop funding is fairly short and simple:
    • At any point, it is discovered that the document is fraudulent.
    • The proposed signatory is not the actual signatory and does not have signatory rights to the instrument.
    • The signatory is known in the financial instrument community as someone that does not perform (known as “blacklisted").
    Should you have an instrument that is typically sold, rather than funded against, please advise us and we can provide appropriate direction (RRCI does not make offers to buy or sell financial instruments).

    *For a sample Client Information Sheet, Bank Comfort Letter or Loan Request Letter please send a request to platinum@riverrockcommercial.com.
    **Please refer to RRCI's specific Service Agreement terms and conditions.