July 27, 2014
This update is concerning all submitted KYC packages to Landa, and all incoming submissions.Delays in responses and TTM scheduling have now been identified as an Administrative Block imposed on all redemption/settlement funds allocated to the historic bonds and other transactions.
This Administrative Block was imposed by the IMF.
As of Thursday July 24, 2014, the Block was removed.
The end buyer, the Treasuries, and the flippers are now very active with formal requests for updated KYC packages for major closings scheduled for this coming week.
The Block was not made general knowledge by the IMF. If it was, then the IMF would be inundated with calls 24 hours a day demanding that funds be released. We understand this logic, but also understand the frustrations and harms perpetrated on sellers by this action.
Landa is now re-submitting updated packages to the end buyer as we now have good confidence as to the veracity of the process, and the release of funds.
Please be aware that with the removal of the Block, the Treasury Reserve Note will be making its now expected debut starting Monday July 26, 2014. The debut of the TRN is also expected to trigger the GCR with all transactions Basel III compliant.
Bond intake will stop at the end of the month. Restart is an unknown at this time.
Thank you.
LANDA GLOBAL
http://humanus.ca/landa-global-general-updates.php
