 |
BRDIGE-IT - BOND REGISTRATION FINANCING SOLUTION
Bridge-It is an easy-to-use facility to finance bond registration and transfer costs while waiting
for the bond to be registered.
The property buyer approaches the conveyance attorney with a request that he/she wants to make use of
the Bridge-It facility.
The Bridge-It facility is a promissory note (PN) the buyer has to sign at the conveyance attorney
promising to pay the bearer of the promissory note the specified value on maturity date. Promissory
notes are always issued for a period of 56 days.
The buyer selects the appropriate promissory note to be issued in order to cover bond registration and
transfer costs.
Once the request is submitted we pay the conveyance attorney the specified amount for the account
of the buyer. On maturity date the conveyance attorney undertakes to pay us the specified amount of
the promissory note.
For more information please visit the Bridge-It website...
|
|
|
|
|
 |
|
