SWIFT Trade Desk

Vantu Bank operates a trade desk where Buyers and Sellers can purchase/sale assets. Each client must go through a qualification process to include SWIFT verification. After SWIFT verification and compliance is completed then client will complete the online agreements and their accounts will be opened. Vantu Bank reserves the right to decline an account request.

Our service goal is to provide a safe environment at a centralized location for Buyers and Sellers. Vantu Bank is currently a member of SWIFT. Our desk is ready for your business. Welcome Aboard!

SETUP For Buyers and Sellers

Step 1 Buyer or Seller is introduced by Skype to the Vantu Bank Trade Floor specialist.
Step 2 Buyer or Seller and the Custodial Bank officer have face to face meeting with Vantu Bank Trade Floor specialist.
Step 3 For Buyers
MT 999 Bank Capacity Letter for Personal Cash
MT 999 Bank Capacity Letter for Corporate Cash
For Sellers
MT 999 Bank Capacity Letter for Corporate Asset
MT 999 Bank Capacity Letter for Personal Asset
Step 4 Vantu Bank receives the MT 999 Bank Capacity Letter. (Bank and Asset verification complete.) Client is ready to trade.

Agreements

Vantu Bank Trade Account Agreement (This serves as your operating agreement with Vantu Bank for transacting your cash and assets)
Buy Ticket Agreement (This serves to instruct Vantu Bank to buy an asset on your behalf on the Vantu Bank SWIFT Trade Desk)
Sell Ticket Agreement (This serves to instruct Vantu Bank to sell your asset on your behalf on the Vantu Bank SWIFT Trade Desk)

Operations

Buy Operations  
  Vantu Bank Trade Floor (TF) specialist will approach Buyer with security for sale.
  Buyer consults with Custodian Bank Officer to purchase the Asset.
  Buyer enters into a Buy Ticket Agreement and purchases the Asset.
  Buyer transfers cash from their Custodian Bank to their Vantu Bank Trade Account.
  Vantu Bank buys the Asset on behalf of the Client, withdraws the cash from the Buyer’s Trade Account, transfers the cash to the Sellers account and transfers the Asset to the Buyer’s account.
  TF notifies Client that the Buy Ticket instructions have been completed.
  TF will transfer the Asset to the Custodian Bank unless Client instructs TF with a Sell Ticket Agreement to on-sell the Asset.
   
Sell Operations  
  Vantu Bank Trade Floor (TF) will advise the Seller that a Buyer wishes to buy the security.
  Seller consults with Custodian Bank Officer to sell the Asset.
  Seller enters into a Sell Ticket Agreement and sells the Asset.
  Seller transfers the Asset from their Custodian Bank to their Vantu Bank Trade Account.
  Vantu Bank sells the Asset on behalf of the Seller, withdraws the cash from the Buyer’s Trade Account, transfers the cash to the Seller’s account and transfers the Asset to the Buyer’s account.
  TF notifies Seller that the Sell Ticket instructions have been completed.
  TF will transfer the cash to the Custodian Bank unless Seller instructs TF with a Buy Ticket Agreement to purchase a new Asset.

Managed Trade

Vantu Bank welcomes you as a Managed Trade Client.

Requirements for a managed Trade Client

Managed Trade Client must:  
  have a custodian Bank Officer who speaks English.
  have a brokerage or securities account with their bank.
  be able to buy assets with cash or credit from their custodian bank.
  be able to sell assets from their custodian bank.
  must be able to execute a Buy Ticket Agreement and Sell Ticket Agreement.
   

Client Activation and Set up

Step 1 Managed Trade Client is introduced by Skype to the Vantu Bank Trade Floor specialist.
Step 2 Managed Trade Client and Custodial Bank officer have face to face meeting with Vantu Bank Trade Floor specialist.
Step 3 For Managed Trade Clients
MT 999 Bank Capacity Letter for Personal Cash
MT 999 Bank Capacity Letter for Corporate Cash
Step 4 Vantu Bank receives the MT 999 Bank Capacity Letter. (Bank and Asset verification complete.) Client is ready to trade.

Agreements

Vantu Bank Trade Account Agreement (This serves as your operating agreement with Vantu Bank for transacting your cash and assets)
Buy Ticket Agreement (This serves to instruct Vantu Bank to buy an asset on your behalf on the Vantu Bank SWIFT Trade Desk)
Sell Ticket Agreement (This serves to instruct Vantu Bank to sell your asset on your behalf on the Vantu Bank SWIFT Trade Desk)

Operations

Buy Operations  
  Vantu Bank Trade Floor (TF) specialist will approach Client with security for sale.
  Managed Trade Client consults with Custodian Bank Officer to purchase the Asset.
  Managed Trade Client enters into a Buy Ticket Agreement and purchases the Asset.
  Managed Trade Client transfers cash from their Custodian Bank to their Vantu Bank Trade Account.
  Vantu Bank buys the Asset on behalf of the Client, withdraws the cash from the Client’s Trade Account, transfers the cash to the Sellers account and transfers the Asset to the Buyer’s account.
  TF notifies Client that the Buy Ticket instructions have been completed.
  TF will transfer the Asset to the Custodian Bank unless Client instructs TF with a Sell Ticket Agreement to on-sell the Asset.
   
Sell Operations  
  Vantu Bank Trade Floor (TF) will advise the Client that a Buyer wishes to buy the security.
  Managed Trade Client consults with Custodian Bank Officer to sell the Asset.
  Managed Trade Client enters into a Sell Ticket Agreement and sells the Asset.
  Managed Trade Client transfers the Asset from their Custodian Bank to their Vantu Bank Trade Account.
  Vantu Bank sells the Asset on behalf of the Client, withdraws the cash from the Buyer’s Trade Account, transfers the cash to the Seller’s account and transfers the Asset to the Buyer’s account.
  TF notifies Client that the Sell Ticket instructions have been completed.
  TF will transfer the cash to the Custodian Bank unless Client instructs TF with a Buy Ticket Agreement to purchase a new Asset.

Benefits to Custodian Bank

  Custodian Bank Officer is in constant communication with Vantu Bank Trade Floor specialist.
  Custodian Bank has the option to earn fees and interest from credit line.
  Custodian Bank earns commission on send and receive of assets and cash.
  Custodian Bank offers custodian services to hold assets on behalf of Client.
  Vantu Bank handles the AML and compliance for the counterparties.
  All clients are pre-qualified before entering the SWIFT Trade Desk.
  Vantu Bank’s goal is to work with you and your bank, not to take away your business from your bank.
  Our mission is to provide a safe and secure clearing service.

Client FAQ

How does Vantu Bank Make Money?
Vantu Bank charges 0.1% of the face value of the instrument or cash transfer when the asset is bought by the Client and when the asset is sold by the Client.
 
How does Your Bank Make Money?
Your bank will provide you with their fee schedule of their charges.
 
Does Vantu Bank Provide a Joint Venture Agreement for the Managed Trade Client?
Vantu Bank does not provide or enter into joint venture agreements. All clients who have assets or cash with their banks must be the ultimate beneficial owner.
 
How Does Managed Trade Client Earn a Profit?
Vantu Bank’s Trade Floor specialist will identify the sale price of the Bond and the Client has two options:
 
-They can purchase the Bond and request the Vantu Bank Trade Floor specialist to resell it on the Vantu Bank SWIFT Trade Desk.
-They can purchase the Bond and request the Vantu Bank Trade Floor specialist to transfer the Bond to the Client's Custodian Bank. The Client is free to do what they want with the Bond at that time.
 
Does Vantu Bank Split the Profit with the Managed Trade Client?
No. the Managed Trade Client keeps 100% of the profit between the buy price and the sell price.
 
Does Vantu Bank Accept Blocked Funds, Tear Sheet Trades, Bank Guarantees, Proof of Funds, SBLCs and/or Provide Lending Services?
No. If a Client has these types of Assets, they should consult with their Custodian Bank.
 
Who Pays the Intermediary?
Vantu Bank does not pay commissions to any intermediary. However, Vantu Bank provides a credit line for intermediaries to buy and sell on the Vantu Bank SWIFT Trade Desk. This credit line is limited and restricted by the terms and conditions in the Introducer Trade Account Agreement.
 
Do I Have to Have a Contract with the Intermediary?
No. But that is your choice. Vantu Bank is not involved with the relationship between you and your intermediaries.
 
Power of Attorney?
Vantu Bank does not accept Powers of Attorney. The Ultimate Beneficial Owner is required to deal directly with the Vantu Bank Trade Desk.
 
Communications?
Vantu Bank will maintain communications with the client and the client’s bank officer at all times.
 
Release of Client Information?
Vantu Bank will not release any client information to a third party unless the client has provided us instructions in writing.