tag:blogger.com,1999:blog-11957101.post7909982089396842057..comments2024-01-14T01:01:13.143+08:00Comments on Singapore Alternatives: This is what Minibonds is all about!Adminhttp://www.blogger.com/profile/08118282904480380059noreply@blogger.comBlogger29125tag:blogger.com,1999:blog-11957101.post-29829103640216632422019-12-29T02:21:20.211+08:002019-12-29T02:21:20.211+08:00Hello Everybody,
My name is Ahmad Asnul Brunei, I ...Hello Everybody,<br />My name is Ahmad Asnul Brunei, I contacted Mr Osman Loan Firm for a business loan amount of $250,000, Then i was told about the step of approving my requested loan amount, after taking the risk again because i was so much desperate of setting up a business to my greatest surprise, the loan amount was credited to my bank account within 24 banking hours without any stress of getting my loan. I was surprise because i was first fall a victim of scam! If you are interested of securing any loan amount & you are located in any country, I'll advise you can contact Mr Osman Loan Firm via email osmanloanserves@gmail.com<br /><br />LOAN APPLICATION INFORMATION FORM<br />First name......<br />Middle name.....<br />2) Gender:.........<br />3) Loan Amount Needed:.........<br />4) Loan Duration:.........<br />5) Country:.........<br />6) Home Address:.........<br />7) Mobile Number:.........<br />8) Email address..........<br />9) Monthly Income:.....................<br />10) Occupation:...........................<br />11)Which site did you here about us.....................<br />Thanks and Best Regards.<br />Derek Email osmanloanserves@gmail.comosmahttps://www.blogger.com/profile/13660640829211201293noreply@blogger.comtag:blogger.com,1999:blog-11957101.post-5499054185779799532019-12-29T02:20:58.148+08:002019-12-29T02:20:58.148+08:00Hello Everybody,
My name is Ahmad Asnul Brunei, I ...Hello Everybody,<br />My name is Ahmad Asnul Brunei, I contacted Mr Osman Loan Firm for a business loan amount of $250,000, Then i was told about the step of approving my requested loan amount, after taking the risk again because i was so much desperate of setting up a business to my greatest surprise, the loan amount was credited to my bank account within 24 banking hours without any stress of getting my loan. I was surprise because i was first fall a victim of scam! If you are interested of securing any loan amount & you are located in any country, I'll advise you can contact Mr Osman Loan Firm via email osmanloanserves@gmail.com<br /><br />LOAN APPLICATION INFORMATION FORM<br />First name......<br />Middle name.....<br />2) Gender:.........<br />3) Loan Amount Needed:.........<br />4) Loan Duration:.........<br />5) Country:.........<br />6) Home Address:.........<br />7) Mobile Number:.........<br />8) Email address..........<br />9) Monthly Income:.....................<br />10) Occupation:...........................<br />11)Which site did you here about us.....................<br />Thanks and Best Regards.<br />Derek Email osmanloanserves@gmail.comosmahttps://www.blogger.com/profile/13660640829211201293noreply@blogger.comtag:blogger.com,1999:blog-11957101.post-76686325780833986792015-03-13T14:22:40.012+08:002015-03-13T14:22:40.012+08:00Enormous blog you individuals have made there, I e...Enormous blog you individuals have made there, I entirely appreciate the work.<a href="http://www.easyonlinepaydayloan.com/new-york-payday-loans.aspx" rel="nofollow">i live in new york and i need a payday loan</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-76637224126282552672015-01-24T15:28:44.225+08:002015-01-24T15:28:44.225+08:00I wanna thanks to a great extent for providing suc...I wanna thanks to a great extent for providing such informative and qualitative material therefore often.<a href="http://nongambler.com/gambling-addiction-stories" rel="nofollow">gambling stories of addiction</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-69766385116712021422009-03-31T11:59:00.000+08:002009-03-31T11:59:00.000+08:00what is the difference between conditional bond an...what is the difference between conditional bond and mini bond?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-56908683243338551332009-01-17T21:32:00.000+08:002009-01-17T21:32:00.000+08:00Not sure if you/anyone is still reading this Oct 2...Not sure if you/anyone is still reading this Oct 2008 posting.<BR/><BR/>My quesiton is: <BR/>did the propectus list the fact that the 11th default (out of 150 company) would cause 100% principal loss? I saw a page naumber was listed too.<BR/>Here is another minibond blog:<BR/>http://minibondVictim.blogspot.com.<BR/><BR/>It listed a limilar fund in australia, but the fund's prospectus is very different from Hong Kong's minibond prospectus.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-71494620662497100262008-11-13T19:43:00.000+08:002008-11-13T19:43:00.000+08:00reposting again for clickable linkMinibond forum f...reposting again for clickable link<BR/><BR/><A HREF="http://forums.delphiforums.com/sisualai/start" REL="nofollow">Minibond forum for victims</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-16545046888414853762008-11-11T22:43:00.000+08:002008-11-11T22:43:00.000+08:00I wonder if you guys know about this forum http://...I wonder if you guys know about this forum http://forums.delphiforums.com/sisualai/startAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-53750900847433005272008-11-01T21:00:00.001+08:002008-11-01T21:00:00.001+08:00Reposting again for clickable linkMinibond explana...Reposting again for clickable link<BR/><BR/><A HREF="http://www.lioninvestor.com/minibonds-update/" REL="nofollow">Minibond explanation</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-16503173824085005432008-11-01T21:00:00.000+08:002008-11-01T21:00:00.000+08:00Try this alternative explanation.http://www.lionin...Try this alternative explanation.<BR/><BR/>http://www.lioninvestor.com/minibonds-update/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-23711459101546371632008-11-01T12:05:00.000+08:002008-11-01T12:05:00.000+08:00Anon 10.16amIt is really sad indeed that our very ...Anon 10.16am<BR/><BR/>It is really sad indeed that our very highly paid elite regulators did not really bother to take a closer look at the whole structure. In fact, I was told, Minibond is classified as "bonds" and it is even sold to CPF holders!<BR/><BR/>They depended blindly on distributors' recommendation and the big names like Lehman Brothers and the six reference entities. Worse of all, they depended on the flawed credit ratings giving by big names and lack the independent ability to access the whole structure carefully.<BR/><BR/>When I first read the base prospectus, it was all filled with legal and financial jargons that I really doubt anyone, regardless of whether he knows how to read English or not, could actually understand and crafted out the mechanism of these products. <BR/><BR/>I even doubt that lawyers without basic financial understanding could really figure out what it is all about. <BR/><BR/>I am happy that my little effort on explaining the mechanism of Minibond in the simplest way possible, could help many of you in your course of pressing claims of mis-representation and mis-selling against the financial institutions that sold you the product. Good Luck.<BR/><BR/>Goh Meng SengAdminhttps://www.blogger.com/profile/08118282904480380059noreply@blogger.comtag:blogger.com,1999:blog-11957101.post-91611832477869725032008-11-01T10:18:00.000+08:002008-11-01T10:18:00.000+08:00Thank you Mr Goh for enlightening us on the workin...Thank you Mr Goh for enlightening us on the workings of the minibonds. <BR/><BR/>As an investor in the minibonds, I had some difficulty understanding the various explanations given by various parties on the mechanics of the minibonds. <BR/><BR/>Your explanation is easier to understand and should give people from the various regulatory authorities a better insight (in case they themselves don't fully understand the mechanics of the minibonds)as to how the people of Singapore, whether they were vulnerable or not vulnerable, were "con" into investing in the minibonds. <BR/><BR/>I invested a six figure amount in these minibonds on the believe that such products, being allowed to be sold to the citizens of Singapore, were approved by the regulatory authorities after having vetted through them to ensure that we don't have "Nigerian type scams" being thrown at the people of Singapore.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-67127767939720918102008-11-01T08:31:00.000+08:002008-11-01T08:31:00.000+08:00to anonymous 4:17 PMwhat about Minibond Series 1 &...to anonymous 4:17 PM<BR/><BR/>what about Minibond Series 1 & 2?<BR/><BR/>what are their consequences in the event of defaults?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-78711920158152396962008-10-31T16:17:00.000+08:002008-10-31T16:17:00.000+08:00Good and clear explanation by Meng Seng about mini...Good and clear explanation by Meng Seng about minibonds, I would encourage all affected to read it carefully.<BR/><BR/>Just wish to add something to point 2 about Credit Event:<BR/><BR/>- for <B>minibond series 3</B> if 10 credit events happen to the 150 companies, investor would experience some loss of principal. If there are 12 such credit events investor will loss all principal.<BR/>(Prospectus pg 20)<BR/><BR/>- for <B>minibond series 5</B>, if 11 credit events happen to the 150 companies, investors would experience some loss of principal. If there are 13 such credit events investor will loss all principal.<BR/>(Prospectus pg 21)<BR/><BR/>- for <B>minibond series 7</B> (they don't even state the numbers now). Investor will experience some loss of principal if a "specified amount" of loss from the unknown number of companies.<BR/>(Prospectus pg 22)<BR/><BR/>Also note that the 150 companies are not known at the point of purchase!<BR/><BR/>RoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-44442657723292690632008-10-31T12:36:00.000+08:002008-10-31T12:36:00.000+08:00Mr GMSPlease don't mind that I offer some correcti...Mr GMS<BR/><BR/>Please don't mind that I offer some corrections to the picture.<BR/><BR/>Between "Minibond Limited" and "150 companies....", is another empty shell company created by Lehman. Let's call it "X".<BR/><BR/>"Minibond Limited" took money from "Minibonds Investors" and gave to "X".<BR/><BR/>"X", in return, issues its own company notes to "Minibond Limited". Since Lehman guarantees on the company notes, they are upgraded to at least "AA" status.<BR/><BR/>"X" then uses the money to buy over the "150 companies..." from Lehman, probably at face value.<BR/><BR/>So, the "150 companies..." becomes the underlying securities for the "AA" Company Notes issued by "X", to "Minibond Limited".<BR/><BR/>In turn, the "AA" Company Notes becomes the underlying securities for the Minibond Credit-Linked Notes issued by "Minibond Limited", to "Minibond Investors".<BR/><BR/>When Lehman falls, the guarantees for the "AA" Company Notes no longer stands. Minibond Credit-Linked Notes will have to fall back on the actual market value of the "150 companies..", which could be far lesser than face value.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-47303587171783352422008-10-31T12:02:00.000+08:002008-10-31T12:02:00.000+08:00Dear Anon 11:43I am only concentrating on Lehman M...Dear Anon 11:43<BR/><BR/>I am only concentrating on Lehman Minibonds in its general structure because that's what I know best for the moment. <BR/><BR/>There is a report on Today about DBS High Note 5 as a FLAWED Product as it has made investors as "insurer" of the bank. Lehman Minibonds is similar to that but furthermore, it is flawed in making investors liable to other people's gambling risk while only taking back a small fixed interests. <BR/><BR/>I heard about GE structured product which is inherently high risk in nature also. Maybe someone could enlighten us as I do not have prospectus or materials on such products.<BR/><BR/>Goh Meng SengAdminhttps://www.blogger.com/profile/08118282904480380059noreply@blogger.comtag:blogger.com,1999:blog-11957101.post-18244063773608079512008-10-31T11:43:00.000+08:002008-10-31T11:43:00.000+08:00This is not the full picture as no mention was mad...This is not the full picture as no mention was made with regards to the GE/MBIA bond (which is the collateral for the synthetic CDO basket). <BR/><BR/>Thanks Mr. Goh for attempting to explain the Minibond structure but I just hope the full picture is given to readers of this blog.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-48547120056214497392008-10-31T00:17:00.000+08:002008-10-31T00:17:00.000+08:00I like the way Annon (9:30 pm)put it, very creativ...I like the way Annon (9:30 pm)put it, very creative indeed.<BR/><BR/>Now, I try to apply for HN's case. I was asked to loan someone money in return of some pocket money. He went gamble with it in, say 100 casinos. Now tsunami hit Sentosa, tornado strike the Padang or Mount Faber erupted …(Lehman Bro gone....). He still keeping my money. The money may be lesser now due to his current bad luck on the gambling tables. <BR/><BR/>Now, He said he has $0.00 in its pocket?? Anyone beleives it?? <BR/><BR/>Please correct me, anyone?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-33992307256996175602008-10-29T02:17:00.000+08:002008-10-29T02:17:00.000+08:00Lucky Tan,I have found one clause in the prospectu...Lucky Tan,<BR/><BR/>I have found one clause in the prospectus of Lehman Brothers Minibond that may give some clue to the liquidation of the minibonds in the event of defaults of underlying collateral assets:<BR/><BR/>Prospectus can be found at:<BR/><BR/>http://theonlinecitizen.com/wp-content/uploads/2008/10/minobond-prospectus.pdf<BR/><BR/>It is written on Pg 8, clause under Mandatory Redemption:<BR/><BR/><BR/>"If all or some of the Underlying Securities relating to a Series<BR/>become repayable prior to their stated maturity or there is a<BR/>payment default in respect of any such Underlying Securities, the<BR/>Notes of that Series shall become repayable in whole or in part. See<BR/>the section headed “Master Terms and Conditions of the Notes –<BR/>Redemption, Purchase and Options” for further details."<BR/><BR/>Read Pg 39 on B) Mandatory Redemption<BR/><BR/>Goh Meng SengAdminhttps://www.blogger.com/profile/08118282904480380059noreply@blogger.comtag:blogger.com,1999:blog-11957101.post-57094109522508574422008-10-29T00:35:00.000+08:002008-10-29T00:35:00.000+08:00Lucky Tan,For the credit event number 2, I could n...Lucky Tan,<BR/><BR/>For the credit event number 2, I could not verify when I am writing this one but its only logical because, this is to protect Lehman Brothers from losing money. i.e. If 10% of the high risk derivatives failed, Lehman Brothers collection of the returns from the basket of collateral assets will most probably lower than 5.1%. <BR/><BR/>AS for anonymous 12.25,<BR/><BR/>You are spot on. That is what I think Lehman Brothers wanted, to take money from you to play high risk derivatives to earn high return while giving you a fixed 5.1%. But if the gamble failed, they don't need to bear the brunt of the losses while investors will have to pay for these losses. <BR/><BR/>This is effectively better than borrowing from other sources, which they will ultimately have to pay back in full. And its even better than issuing a 5% coupon bonds because they don't even need to bother about paying back the principles of the bonds! Lose money, those investors' problem, make money... Lehman Brothers enjoy the profits. <BR/><BR/>Goh Meng SengAdminhttps://www.blogger.com/profile/08118282904480380059noreply@blogger.comtag:blogger.com,1999:blog-11957101.post-24097765330388620312008-10-29T00:25:00.000+08:002008-10-29T00:25:00.000+08:00Thankyou very much for your time and effort, I hav...Thankyou very much for your time and effort, I have learnt something today (although I am not a investor to any of these financial instrument).<BR/><BR/>If the mechanics of "Minibonds" is what as described, would it be the same if I am asked to loan someone money so that he can go gamble with it in, say 150 casinos. In return, I will get a regular fixed interest payment during the loan period and all my money back at the end of it, but only if he didn’t lost them first to the casinos (as he is not responsible for what he does with my money). But my money is otherwise safe, unless a tsunami hit Sentosa, tornado strike the Padang or Mount Faber erupted …<BR/><BR/>If this is correct, it must be a very very skilful person to be able to “straight” sell these things or the buyers who must be very very “relax” about their money, to the point that perhaps they feel using it to start a camp fire, would be the next best thing for it….Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-42824056528915691222008-10-28T21:30:00.000+08:002008-10-28T21:30:00.000+08:00anon 11.32report to police or CAD?Then you would h...anon 11.32<BR/>report to police or CAD?<BR/>Then you would have to report MAS<BR/>to to police or CAD cause they should have approve these instruments in the first place.<BR/>Besides HKG and Sin, I don't think<BR/>its been sold elsewhere in Asia cause their financial regulators are more prudent?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-43466111555135716432008-10-28T18:51:00.000+08:002008-10-28T18:51:00.000+08:00Well written. Too bad finance is too technical for...Well written. Too bad finance is too technical for most people, even university undergrads.<BR/><BR/>Anyway, it's a scam. And it's telling that despite the wrongdoing, and despite the information asymmetry (which gives greater reason why intervention is necessary), our government is still trying to wash their hands off.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-30289266823811198272008-10-28T15:43:00.000+08:002008-10-28T15:43:00.000+08:00Its well written. Thanks.Its well written. Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11957101.post-46236419221349411942008-10-28T11:36:00.000+08:002008-10-28T11:36:00.000+08:00In a few words - TOXIC and UNFIT for CONSUMPTION.W...In a few words - TOXIC and UNFIT for CONSUMPTION.<BR/><BR/>Why does one even have to file a complaint to get his money back?...This product is a defective product....like a TV that does not work as a TV...minibonds are not bonds.Lucky Tanhttps://www.blogger.com/profile/04966909243143681126noreply@blogger.com