DVP "free and clear" with free delivery via DTC/DTCC, Euroclear, or SWIFT.

(Or as agreed. Buy-tickets are possible... AFTER and not before... written instrument/seller/deal validation and  exit confirmation.)

1. Seller comes transparently forth with commitment from issuer, asking price, and acknowledging that seller is willing to deliver the paper "free and clear" and willing to close on a T+3 basis after the paper is verified.
2. Once exits are confirmed, buyer issues to seller LOI confirming readiness to accept delivery of paper.
3. Any contracts are drafted with the procedures exactly stated herein (or as agreed) as well as the provision that “Transaction is based on final verification, due diligence, and acceptance by buyer's brokerage house/bank”.
4. Any/all contracts/invoice between buyer and seller is signed.
5. Seller delivers instrument(s) to brokerage house via as agreed free and clear with free delivery for buyer's brokerage's compliance and verification.
6. Buyer's brokerage completes full due diligence on paper. (24-48 hours)
7. After verification paper is delivered into buyer's account and buyer initiates payments to seller and intermediaries as agreed.
8. Additional tranches continue as agreed.

• Buyer has three trade accounts in the U.S. and two in Canada.
• Buyer has offices in the U.S., London, and Japan.
• Buyer will not initiate due diligence, research current market values, and confirm exit buyers until current ownership, screenshot/commitment, and all parties in the middle are on the same page.
• These are private transactions between two parties that have both passed compliance in order to possess pre-established trade accounts with their  banking and/or brokerage institutions. Any parties talking too much about "compliance" will not be taken seriously. 
• It stands to reason that the higher the quality of information on the paper and seller... the faster the transaction will close.

POF/ATV

While the buyer will not provide a tearsheet as POF...please note that more intelligent sellers will focus on the fact that the buyer's financial institution will clearly confirm clearly/absolutely to seller's financial institution the following:

1. Delivery and account coordinates for delivery of the financial instrument towards buyer's account.
2. The financial institution is ready to receive paper for verification.
3. Any and all paper delivered into the buyer's account as agreed will be paid for on a T+3 basis (or sooner) after the paper has been verified.