Here is the overall process.
To open an account for Treasury Banking services, participates must complete the 6 step procedure below.
Step One
Registration
Each participant must register with the Treasury Bank Portal by signing a membership agreement and pay initial underwriting fees.
The registration includes:
- A nonrefundable underwriting deposit for first stage programming and development.
- The first initial fees are due upon signing of membership agreement.
- Thereafter, a regular monthly membership fee is due in advance on the first of every month.
- Fees may be paid via Check, Cash or Credit.
- If fees are not paid when due, the following membership will be suspended, which all Treasury Bank Portal benefit will be voided.
Requirements:
All members must:
- have a government issued ID or driving license
- live in the state in where the grant investment is offered
- be a tangles or intangible property owner in your area which funds well be utilized
- be willing to pledge an annually contribution to Treasury Bank Organization for grant investment support.
Step Two
Service Level Agreement
After finalization of membership documents all new members will complete a standard Service Level Agreement SLA for Treasury Bank Portal Service. Members will be instructed to read a review Treasury Bank Portal policies and procurement to receive a digital asset custody certification.
Step Three
Administration
After service agreement you will schedule an appointment with a Treasury Bank’s Administrator to complete an incorporation association procurement documents.
To qualify for a Treasury Bank incorporation association, members must have:
- Certificate of Authority for business registration within the state of your operations
- An Employer Identification Number EIN for banking or taxation
- Investment Fund letter of intent to provide service within the state of which doing business
- Sign a Beneficiary Ownership Statement BOF
- a commercial Procurement credit check and business due diligence
Step Four
Development
After receiving an account application and approval, a client will begin work together with the Treasury Bank Administrators on Investment planning and proposals to ensure effective operations.
Step Five
Investment
After planning, proposal, and appraisal processes, Treasury Bank Administrators will begin investment underwriting, custody, and funding. Their will be an administrative hearing held at the Treasury Bank grant investment meeting for fund approval.
Grant Tokenization
To qualify for a Grant Tokenization participants must have:
- Master Service Agreement
- Bid, Performance, and Payment Bond Approval
- Surety Bond (as needed)
- Guarantor Agreement (if needed)
Guarantor
All Guarantors must have the following:
- An asset or equity that can leverage investment
- Willingness to be an individual surety
- Minimum Qualified household income of $250,000
- Consent to regular dividends coupons from grant investment income.
Note: Additional third-party underwriting and appraisal fees for this service may apply. Fees are invoiced to each member participants and can be paid in full upon receipt or financed with each invoice on an agreed schedule.
Step Six
Treasury Storage & Positioning
After securities tokenization is approved and certified, members will sign a Book Entry Securities Deposit Agreement for Treasury Bank to hold data and act on behave of the members and begin work on launching a security token. The Security Token will be stored with the Treasury Bank Portal and Funds will be sent to the intermediary bank via clearing agent.
As part of administration all members that will receiving funds will have to agree to a Deposit Account Control Agreement DACA for representation of an external and investment account reconciliation. More Details
