Guernsey - Internal process "new product"
After one or more meetings the client has decided to proceed with one solution. The Securitization Expert (SE) and Accounting (SK) have to complete the following steps:
SE: Questionnaire (sent to the prospect by SE, reviewed by the securitization expert and finalized with the client)
SE: Questionnaire has to be saved under the client folder "Final"
SE: Proposal (sent to the prospect for review + signature by VG and client for finalization)
SE: Proposal has to be saved under the client folder
SE: Sends instructions for invoicing to SK (incl. final proposal)
SK: Releases invoice via QuickBooks (incl. Arslan process)
SK: Informs the Securitization Expert and CEO on the ingoing cash
SE: Sends an introduction email to MTCM and arranges a handover meeting
MTCM (José) will invoice us their setup fees (the accounting has to manage this part incl. Arslan process)
Meeting MTCM, GC & Client (WhatsApp, Skype or Zoom - VG has a login)
GENTWO should fine-tune any details (KYC/Due Diligence or product specifics) with our client directly
MTCM approves the finalized product with GENTWO
MTCM should provide us with the finalized termsheet for our records and confirms us the final issue size
SE: Makes sure that a copy is sent to SK & CEO and saved under the client folder.
SK (Setup only): Sends invoice to client (incl. Arslan process)
SK (Setup only): Informs SE after receipt
SE (Setup only): Writes invoice for the setup (80% on the net receipt by MTCM)
SK (Setup only): Releases the payment (incl. Arslan process)
SK: Records the date for the quarterly recurring fees (issue date + QoQ)
SE: Has to track these payments too (double-check)
MTCM advises us on the quarterly payments (control by SK - claim amount with José if not advised)
SK: Sends then an invoice to MTCM and controls the ingoing payments (incl. Arslan process)
SK: Informs the Securitization Expert for invoicing Gessler Capital after receipt by MTCM
SK: Releases the payment within 10 days after receipt (incl. Arslan process)
Step 19-24 repeats until maturity of the product.
MTCM is the point of contact and client of GENTWO! We shouldn't interact with GENTWO at all.