CVSU intends to list its stock on the NASD. To this end, CVSU is in discussion with various market makers to engage in a firm underwriting using a syndicated market distribution approach. Moreover, CVSU intends to set up a captive insurance operation through its’ insurance liaison with Lloyds affiliations, who are members of the CVSU team.
CVSU intends to write policies to cover its loans, when applicable and secure the proper re-insurance for underwritten loans through the London reinsurance markets and other applicable markets. CVSU has made arrangements to secure primary insurance against loan loss through the London insurance market and others and has several reinsures available for the underwriting of such insurance through its captive. CVSU is setting up to operate an ABS management company in manage its portfolio.
CVSU intends to operate its business and apply for a company rating from Fitch rating service. As CVSU’s public target will have been a corporate entity for more than five (5) years with more than 3 years of operating history, it will qualify for submission to Fitch Rating Service for a company rating. Such a rating will be beneficial in Europe and the U.S.A.
CVSU will operate through its operations officers to bring in new business and execute existing business. Once the business is introduced CVSU will discuss the merits of funding each asset in committee. The committee will vote on whether or not funding is feasible for the asset. When a positive vote is recorded a decision will be made as to the best structure to secure funding. A special purpose vehicle may be set up though CVSU’s legal department or its Asset management committee for this purpose.
The captive insurance company will underwrite the risk of title and lien due diligence and loan default loss and reinsurance will be placed for the insurance polices, if such insurance is required. Convertible debentures with an indenture or other debt securities may be floated for selected issues for the term of the asset loan pool.
CVSU’s operations officers will manage operations capital and the company portfolio of insurance premiums and the associated risks. CVSU will repeat the described process, as needed but will attempt to limit these issues to between four (4) to six (6) issues per year. We will re-evaluate strategy and policy as the company and its’ operations grow. Depending on business flow we will spin-off our ABS portfolio in or about the second year after first funding of the subsidiary company.
A CVSU designated asset group financing will necessarily involve various transaction agreements that may cover several asset owners and types. A CVSU-designated financing may represent only a limited amount of the asset group value or an entire asset group value depending on cumulative asset value and securities structure.
-------------------- 'The rewards for those that persevere, far exceed the pain that must proceed the victory!'
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quote:Originally posted by Synastar: Seems legit enough. Is that Rufus' email address? Hopefully, this is just a staging ground for the new flash site since songwi.com isn't exactly the first URL I'd try in order to find Conversion Solutions.
As for the Database last updated entry, I probably should not have copied that as it changes every time I refresh the page.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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That "New" flash website used to be advertised on the CVSU.us website. It wasn't complete when I looked at it last (month and a half ago) still looks like it needs a bit of work. The "News" link is still broken.
I can't tell if anything new has been done but I don't remember the video and music the last time but I may have had my sound off and not really paying attention.
Anyway I wish they would do something with their site... currently it causes more skeptisim than anything else when new investors are investigating.
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Yeah, the only reason I used the term "new" was because it's clearly an unfinished product, especially the Brittenium Brothers portion. At least, I hope it's unfinished.
Currently, the term “asset-backed security” is defined only for purposes of Form S-3. As many SEC proposals relate to the treatment of asset-backed securities regardless of the form on which their offering is initially registered, the SEC proposes to move the definition of “asset-backed security” to the definition section of proposed Regulation AB, a proposed sub-part in Regulation S-K for asset-backed securities. The SEC proposes to retain any additional conditions appropriate for Form S-3 eligibility, such as an investment grade requirement, in General Instruction I.B.5 of Form S-3. Under the current proposed format, however, a security that met the general definition of “asset-backed security” would be subject to the disclosure and other requirements proposed regardless of how registered.
After more than ten years of experience with the definition of “asset-backed security,” the SEC believes that the core definition is still sound. The definition allows broad flexibility as to asset types and structures that the SEC believes should be subject to the alternative disclosure and regulatory regime that exists for asset-backed securities. As the Commission stated in the 1992 Release, the definition does not distinguish between pass-through (i.e., equity) and pay-through (i.e., debt) asset-backed securities nor does it limit application to a list of “eligible” assets that can be securitized, so long as such assets meet the general principle that they are financial assets that by their terms convert into cash within a finite time period. The SEC believes, conversely, that the alternative regime for asset-backed securities would not be appropriate for securities that fall outside the definition.
Under a current SEC proposal, the basic definition of “asset-backed security” would be “a security that is primarily serviced by the cash flows of a discrete pool of receivables or other financial assets, either fixed or revolving, that by their terms convert into cash within a finite time period, plus any rights or other assets designed to assure the servicing or timely distributions of proceeds to the securityholders; provided that in the case of financial assets that are leases, those assets may convert to cash partially by the cash proceeds from the disposition of the physical property underlying such leases. (1) The only change proposed by the SEC from the current definition is the addition of the proviso with respect to leases … .
The proposed definition of “asset-backed security” includes the same basic concept of a discrete pool of financial assets that by their terms convert into cash within a finite time period. The SEC believes this does not include so-called “synthetic” securitizations. (2) Synthetic securitizations are a relatively recent development in structured finance designed to create exposure to an asset that is not transferred to or otherwise part of the asset pool. These synthetic transactions are often effectuated through the use of credit derivatives such as a credit default swap or total return swap. Synthetic securitizations do not actually own the underlying assets; instead, the assets that are to constitute the actual “asset pool” under which the return on the ABS is primarily based are only referenced through the credit derivative. (3)
Notes:
(1) As the Commission stated in the 1992 Release, the definition is sufficiently broad to encompass any self-liquidating asset which by its terms converts into one or more cash payments within a finite time period. There are no substantive requirements as to the timing of the cash flows under the definition, such as that they must be constant and uninterrupted. The payments on the asset-backed securities, however, must be based primarily upon the cash flow from the pool assets.
(2) Synthetic securitizations do not meet the basic concepts embodied in our definition of an asset-backed security for several reasons. For example, payments on the securities in a synthetic securitization comprise or include payments based on the value of a reference asset, unrelated to the value of or payments on any actual assets in the pool. Payment is therefore by reference to an asset not in the pool instead of primarily from the performance of a discrete pool of financial assets that by their terms convert into cash and are transferred to a separate issuing entity. Neither does the derivative act as credit enhancement on existing pool assets or as rights or other assets designed to ensure timely servicing or distribution, because it does not relate to the value of any pool asset but instead relates to an external asset, in order to bring the risk of that asset into the pool synthetically. Further, in a synthetic securitization, if a credit event occurs there may be a transfer of assets that would no longer make the pool discrete.
(3) Our treatment is taken in part from the following SEC Discussion: SEC 17 CFR Parts 210, 228, 229, 230, 232, 239, 240, 242, 245 and 249. [Release No. 33-8419; 34-49644; File No. S7-21-04] RIN 3235-AF74 Asset Backed Securities.
Securitize the Risk: An Example of Risk Securitization
Japanese demand for earthquake insurance far exceeds the capacity of the insurance industry to provide suitable coverage. Japanese insurers can offer only limited seismic coverage. The world's vast reinsurance market lacks sufficient depth to fulfill Japanese demand for earthquake insurance. To deepen the market for earthquake insurance, Tokio Marine, a Mitsubishi company and Japan's largest property and casualty insurer, and Zurich-based Swiss Re, a leading re-insurer, have tapped the capital markets.
Tokio Marine has participated in devising a revolutionary product that will expand the capacity of the insurance industry to provide catastrophic coverage. The big insurer and an international team of partners have developed special bonds for securitizing risk and marketing it to institutional investors. They sell the policy obligations to a special re-insurer, Parametric Re, which issues securities to institutional investors in North America and Europe. If no major earthquake occurs in Japan during the next 10 years, the securities earn high returns for the investors. If a big quake strikes, the bond principal is available to compensate policyholders for losses.
Securitizing risk will let insurers in Japan offer a broader range of coverage. Insurers maximize their capacity by sharing risk through the global reinsurance market. They reduce their exposure to individual risks--such as earthquakes and typhoons--by selling off exposure. The earthquake bonds offering was $ 100,000,000 US. It was comprised of two kinds of securities: a $80,000,000 tranche of notes that offered a higher return in exchange for a lack of any guarantee on the principal and a $20,000,000 tranche of the issue consisting of units that carry a guarantee for 50% of the principal and offer a lower return.
Swiss Re handled the details of the reinsurance arrangement. A Swiss Re subsidiary and Goldman Sachs and Company, a leading U.S. investment bank, worked out the securitization details. San Francisco-based EQE International did the number crunching to calculate the risk that underlies the securities.
posted
lol...neato...as shareholders are we gonna be able to go?
Program to Facilitate the Colonization of the Moon, to Build and Operate Earth and Deep Space Observation Platforms
Establish a permanent lunar facility that can sustain human and plant life indefinitely. Build earth and deep space observation platforms, on both the dark and light sides of the moon, to expand our understanding of the Universe and our own environment. Explore the possibility of using the Moon as a jumping-off point for further space exploration programs.
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Heck I am just glad they have someone actively working on their site... I could swear while I was just looking at cvsu.us someone changed the logo image to:
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I am glad they are thinking big... now time to cut it back a bit and just build an outhouse and feul depot on the moon. I am not living there till they have a decent Walmart or Super Target!
quote:Originally posted by TaxBack04: I am glad they are thinking big... now time to cut it back a bit and just build an outhouse and feul depot on the moon. I am not living there till they have a decent Walmart or Super Target!
I don't know...Seems some of the folks at Ihub are already there or at least they should be.
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I remember seeing this site in the past. It might have changed since then, but I don't see much that is different. From what I've seen, everything that yall have posted is also on the current site cvsu.us. I could be totally wrong here and I'd love for them to be going forward with something we can see, but I think most of this is old.
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SONGWI.COM At this site they talk about more detail, like the future projects at the old site don't mention the name of the new train, here they talk about it in more detail ~ "Development of a 500 mph electrically powered ground transport (Cobra Air Train)"
quote:Originally posted by Chartwalker: SONGWI.COM At this site they talk about more detail, like the future projects at the old site don't mention the name of the new train, here they talk about it in more detail ~ "Development of a 500 mph electrically powered ground transport (Cobra Air Train)"
-another cobra/Tut thing?...
Come on PR!!!
Heck, then maybe this is an imporvement and some forward progress. I don't think I'd ever seen the Brittenum Brothers link at that site as well.
Also, did Rufus add a few new horses to the Equine Solutions link on the old site?
I guess I should check these sites more often and more thoroughly.
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