Roles & Goals of Partners
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- PTC is exploring partnerships with key banks, bond trustees and certain money funds.
- Our partners will benefit from the volume flow as we will promote their own line of products.
- Such investments for State & Local Governments will achieve better market results and remain compliant to policy.
- For the qualified financial entities, the direct benefit will come from either increased funding and/or increased sales.
- We recognize the importance of partnerships and plan to work closely to promote such arrangements.
CURRENT STATE
- The municipal GIC marketplace is currently broken and the economic crisis has disqualified many providers.
- Major commercial and investment banks are no longer present to service the municipalities.
- The negative credit rating of many other banks and insurance companies has disqualified them.
- Municipal clients have historically worked with major money center banks and insurance companies.
ROLE OF PALM TRUST CAPITAL
- The team knows the investment needs after working with hundreds of States and Local Governments.
- Furthermore, we have reverse engineered the old model to meet those needs and enhance the benefits.
- PTC has re-created the product line to fill in the void also created by the recent economic events.
- The new product line consists of a sequential product flow that does not use the balance sheet as before.
- A large part of the newly established activity will center around funding the needs of the partners and their funds .
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