Trying to enter a "Bullet" PPP? Here's why you won't have much luck.
There is a common fallacy among many that they can enter a Bullet trade as the first step in the world of Project Funding Trade Programs (PFTP).
Why? Because a "Bullet" only comes along when there is a temporary oversupply of paper in the pipeline. They come and go, unscheduled, when this occurs.
The reason no new client will be entertained who wants a Bullet is a practical one: A Bullet, by nature, is very short-term-- usually days. Once the temporary oversupply is exhausted and equilibrium returns to the pipeline, the Bullet is over.
Since it takes roughly 2-3 weeks for a new client to start trading with a trade group, by the time the client's info has been processed and cleared, a contract issued, and the lag time from start of trading, the Bullet program is already gone.
If a client thinks they are going to really get into a Bullet trade first, without already being in a 40-week program, they are delusional-- they do not understand what, why and how a Bullet trade comes about.
Instead of searching for the Bullet “unicorn”, plan on first getting into a regular old 40-week program. THEN, if a Bullet comes along, you are already on the trading train, and can take advantage. This is the reason 99.999% fail to find one: They do not understand the nature of the beast.
There is only one "Yellow Brick Road to Oz"... you can try to wait for a Bullet (and, like a real bullet, good luck trying to catch it as it passes you by), or you can follow the road by getting into a standard program. THEN, since you are already on the trading train, you'll be more likely to be invited on board the Bullet..
Chairman and CEO GPC Group
8 年Well expressed! First time I have read such a sensible article addressed to Applicant/s for PPP who thinks their right or purpose (as fuelled by the nonsense of ignorant brokerage promotion is to enter into a Bullet PPP as to do so is delusional. The oversupply of bank MTN's creates the necessity for so called "Bullet program" and arises very seldom and then only when an Applicant who submitted and contracted fails to financially perform for whatever reason. This leaves the Trade Organization with a surplus of paper, which they pre-ordered normally against their credit line/s and must bear the not inconsiderable cost until offloaded/traded. Brian P de Thorpe Millard
Chairman at Bankcoin Reserve - AAABlockchain Ltd
8 年It is all about building genuine relationships forsure Michael Weiner
Owner, sgci
8 年but today its difficult to find bullets we pass middle december and traders began to take vacations !!! ahhhhhhh
one of my clients used a bullet and was successful and did not participate in 40 week first.