Versonce Private Trust Banking
Using our services, clients can raise funds quickly, securely and privately for projects around the world.
Zurich, British Virgin Islands (PRWEB) November 19, 2012
Versonce Asset Management, a leading banking institution, is offering clients a new secure and efficient platform to raise funds for various projects.
With the new service, the firm allows for joint ventures with clients in order to provide bank collateral in the form of standby letters of credit, bank guarantees, bonds and notes. It puts bankers in full control of transactions and escrow deposits releases. Meanwhile, all funds are kept with specified, third-party, licensed and bonded escrow firms and agents until bankers have sufficiently verified and authenticated the collateral and given the escrow agents confirmation to release funds.
By implementing this system and undertaking a responsible course of action, Versonce Asset Management is seeking to improve the quality of banking transactions.
“This process is much quicker and cost effective than traditional fundraising mechanisms like bond underwriting,” said Richard Rexroth of Versonce Asset Management. “Our fees are substantially lower than any of our competitors, with the total cost typically between three to five percent per year. That’s in addition to a smaller fraction, usually between one and three percent of the total amount, being placed in escrow to cause issuance.”
The investment into collateral ventures by Versonce Asset Management marks a reinvention of a traditional support service. By offering support for smaller ventures through a partnership rather than customary financing, the company is taking the next step in bolstering opportunities for businesses. In specific situations, the firm can even refer clients to a third-party monetizing agency, which will often provide funds against the issued collateral.
Versonce Asset Management has a boutique approach and special perspective that sets it apart from other banking organizations. Based in the British Virgin Islands and with a focus on managing private wealth and parlaying capital into secure power investments, the company is a sterling partner in high-level financial enterprising. Versonce also specializes in letters of credit, proof of funds and bank guarantees, as well as many other traditional banking services.
“This new service is just one more example of how our firm continues to be on the cutting edge,” said Rexroth. “Using our services, clients can raise funds quickly, securely and privately for projects around the world.”
Versonce Asset Management is a fully owned subsidiary of Versonce Private Trust Banking.
