I have been approached for a forex/ppp deal. Point is I trust the person who has approached me. Looking on the internet I have found numerous other posts that are very similar to the proposition he's offering. I have also found disturbing references to fraud. I have copied a similar one below. I have access to people with resources but I really really don't want to refer if it is not legit. Does this sound legit? Not being from a forex background I have no idea. I guess my high net worth friends are grown ups and will do their own due diligence, but I want to know if these trades exist first before referring.
WE ARE LOOKING FOR GENUINE EURO PROVIDERS (TOP 25 EUROPEAN BANKS). ONLY EURO PROVIDER DIRECT OR HIS MANDATE ARE INVITED. NO BROKER CHAINS. PLEASE PROVIDE CUSIP/ISIN NUMBERS FOR VERIFICATION. WE ARE DIRECT WITH TWO FED APPROVED USD TRADING PLATFORMS.
TOP 25 EUROPEAN BANKS
1 BILLION EUROS+
15/10 OR 20/15 FED APPROVED PLATFORM
EUROCLEAR/DTC OR EUROCLEAR/DVP
SLIGHLY SEASONED, SEASONED OR FRESH CUT MTN, BG, AND SBLC
1- Signed contract with IMFPA;
2- CIS (Client Information Sheet)
3- Letter of the Mandate authority,
4- Corporate Resolution
5- History of funds
6- Passport copy of the Euro Provider 140% size
7- Passport copy of the Euro Mandate 140% size
8- Non Solicitation Letter
9- Letter of Intent
10- About POF
a) B2B (MT103) private, it is required POF or TS (Tear Sheet) or Bank Statement or Bank Capability Letter for the first tranche at least 50 M. The USDP do not use MT799 swift messages & procedure for POF.
b) L2L the contract is FED standard and POF must be for 500M
c) Bluescreen no pof needed as usual just rwa letter
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