In this transaction the instrument was issued by HSBC on behalf of the client who has deposit of funds at HSBC.
GREAT EXPLANATION SELF EXPLANATORY, AND AS REAL AS A HEART ATTACK
National Wealth International Ltd. has provided Bergamo Acquisition's wholly owned European subsidiary cashed-backed securities consisting of three separate tranches of 500 Million US Dollars issued through HSBC Bank, one of the world's largest banking and financial services organizations."
FOR the investors that are having a hard time realizing the $1.5B is as real as the banks that call themselves too big to fail. This is based on my observations as third party and understanding of the current real facts. This company is currently indeed very undervalued.
If investors cannot understand the following then god help you in the real world of investment banking:
National Wealth International Ltd has a 1.5 Billion Dollars on Deposit at HSBC.
National Wealth and BGMO`S European subsidiary signed various investment agreements, National Wealth then made an investment and instructed HSBC to issue Cash Backed Securities and is sharing 50 percent of the profit with BGMO`S European subsidiary.
ie, The account holder National Wealth approached its bank HSBC and asked them to issue CASHED BACK SECURITIES to BGMO`S European Subsidiary Bank against the Deposit.
Companies or Corporation are not Bank's they do not issue Cash Back Securities, it is Banks who do that.
Only Bank's can issue Cashed Back Security instruments, Wire transfers, Bank Drafts etc etc.
In this transaction the instrument was issued by HSBC on behalf of the client who has deposit of funds at HSBC.
