Non-Title Transfer / No Change Of Beneficial Ownership

With Non-Recourse Securities Based Financing, it is important to note that Non-Title Transfer is not guaranteed with all Lenders, especially in certain markets based on their not recognizing the transfer and custodial structures used by these Lenders.

There are many markets, especially in Asia where the transfer and custodial structure used by many Lenders is seen as and treated as a Title Transfer even if the shares are transferred into an account in the Borrower’s name.

This is typically because the Lender has their custodian establish an account for the Borrower under their master account which is also known as a sub-account.

Because many markets do not recognize the name on the sub-account, they treat the transfer as a Title Transfer and thus require Borrowers (shareholders) to publicly report the transaction.

In some cases, this can even trigger potential tax consequences for some Borrowers.

To avoid this issue, Mountbatten Global SPC Fund, which is a licensed and regulated financial services firm, is able to have Borrowers transfer their shares being used as collateral on a No Change Of Beneficial Ownership (NCBO) basis, thus eliminating these issues and concerns.

So if you or a client has concerns about Non-Title Transfer issues that many Lenders face, come talk to us since we can offer Non-Title Transfer (NCBO) where others can not.

For more information or to apply for our Non-Title Transfer Non-Recourse Loans, please contact:

Michael Rowe

Sr. Loan Advisors

Origin8

[email protected]

Agent & Broker referrals are accepted and fees are protected, please contact us for more information.