Welcome to Commodity Education and Training

We, at The Joker Brokers, have a combined experience of over 50 years in the grey market, off-ledger business. We thought that it is important to be educational, informative, and helpful to those that really would like to know about this business. If you are serious about this business it would be very important to be educational and informative.

We are going to discuss serious matters, for people seriously interested in international trade and higher finance.

As a member of our community you will receive periodic emails specific to those interests explored at our blog or The Joker Brokers, and this will include real trade procedures and documentation, compliance issues, fraud, scams, and everything relating to international business/finance from the point of view of those that have closed.

We have associates that are International Lawyers, corporate traders, brokers, export/import experts, intermediaries, even trained Bankers. All of these people find this list, the services, and products offered at The Joker Brokers to be very useful. If you want to learn more about international trading, commodities, import and export, and the whole realm of this business you will benefit from our membership. In fact, we are so sure that if you do not benefit from our membership then we will be more than happy to have you discuss with one of our associates (closers) what it really takes to make a close.


Sunday, February 13, 2011

You think your are closing a deal in three days?

One of the attributes of business is the transfer of funds from bank to bank.  We have talked to those that "think" they are going to get paid on a deal in three days. We ask "have you talked to your banker where the funds are going to be wired?" The answer is "No, I haven't." Our answer to them is they have no clue to what they are involved in or what they are doing.

For example, you happen to close a transaction and you have given all your banking information to the appropriate parties. You know for sure the deal is going to close and let's say you are going to get 1 million bucks in profit sharing arrangements. Of course, for those that understand this business the funds do go into an escrow account of a well established attorney. The question is you want your money wired to your account to a different bank. Have you told your banker about the transaction? Let's say you haven't. Now 1 million dollars is going to go to your account and you haven't informed your banker, what do you think he/she is going to do? One Million bucks came from where? Do I need to explain more? Unless you regularly do deals this large your banker is going to question the source of funds, bottom line. That is why, as contrary to jokers, these deals do not take place in three days as I have been told numerous times. Unless you already have the existing relationship and transactional history.

This is why asking for an "MFPA" otherwise known as a Master Fee Protection Agreement upfront is nonsense and just broker talk. You have to have the established relationship with those you are working with and also your Banker. The bank will need to know the source of funds - period. And not the quote that funds are clean, free, of all criminal origin. It does not work that way. If your banker has any doubts your funds will be in question if you do not inform him beforehand with documentation.

If you have any doubts and you think you have a deal that is closing call your banker today and tell him that I believe One Million Dollars may be deposited in my account in the near future. See what he/she says?

For more information please visit:  Professional Commodity Training
Posted by Commodity Training with The Joker Brokers at 11:03 AM

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