In 1958, Harmonies banking history started, with the opening of our Chairman’s family owned bank Commercial Sate Bank of Roseville. In 2008, Harmonie was issued trading portals by a European prime bank to service contractual commitments debentures as Principles with and for issuing banks, cutting houses, securities firms, global custodial agents facilitating transactions between commercial banks, government institutions and private wealth clients.
This affiliation along with Harmonie’s historical network of experienced professionals, have resources that can provide unique private financial services utilizing cash and asset backed collateral issued by banks and private wealth worldwide. These bank debentures or Central Bank issued instruments are usually in the form of Bank Guarantees (BG), Government Bonds or held Sovereign Wealth Funds, which we are pleased to provide financing for the USA, Latin America, Europe, Asia and India.
Our distinctive approach to solving your unique goals may be achieved by utilizing creative financial solutions while minimizing risk. We are able to adapt to dynamic situations relating to specific economic conditions or regions, while maintaining our client’s immediate and long-term financial objectives.
Whether a Private or Government client, we provide individualized, flexible source of funds that allows them to utilize current assets to obtain quick liquidity. The reason that our clients do business utilizing our easy transactional program is that:
- They benefit from our experience in financing.
- They gain all the advantages of a totally customized, quick closing;
- We have done all the work to make it an easy application and closing process.
Program Loan Process
We are a private entity, so we handle our own underwriting to totally control the transactional process. This gives us the freedom to make the process personalized to meet client´s request.
The easy process to receiving funds:
- The client makes a free phone call to us to discuss the transactional request.
- Client completes Customer Information Sheet (CIS), with all “Exhibits A, B).
- “Exhibit 1” Provide either through electronic or physical certificate documents proof of ownership of asset.
- “Exhibit 2” Verify current depository and ability to transfer.
- Harmonie provides client with term sheet, Client agrees to term sheet.
- Client executes contracts and arranges for the asset to be transferred via bank-to-bank or Peer to Peer transfer via combinations emails and bank to bank, confirming emails, Hard Copy delivery and/or inter-bank screen confirmations.
- Usually within days and upon delivery and acceptance of clients collateral to Harmonie’s nominated accounts, money is wire transferred to client’s nominated accounts as directed by the client.
Program Ownership and Safekeeping of the Securities
As a part of the collateral transactional process, the program takes ownership of the collateral and as such has the authority to transact with the collateral. As such, we maintain safekeeping accounts in the name of the various Harmonie company’s. As the securities are held solely for the benefit of the loan during the term of the loan, the collateral is held in omnibus accounts as it is unnecessary based upon the business model to maintain sub accounts.
Private Wealth, Governments and Prime Global Financial Institutions
Harmonie works with Private Wealth, Prime and Investments Banks for the communication confirmations, delivery and safekeeping of the collateral securities pledged for the facilitation and the execution of transactions procedures for and on behalf of Harmonie and our clients.
Commitment to Compliance
All our program partners are committed to compliance with all applicable laws and regulations. Laws and regulations that our program is particularly sensitive to include securities regulations, privacy regulations and Bank Secrecy Act/Anti-Money Laundering related regulations, including the USA PATRIOT Act and those regulations promulgated by the U.S. Treasury Department’s Office of Foreign Assets Control. We have developed processes and conduct periodic training in order to adhere to such laws and regulations. All employees are held to strict compliance and are overseen by executive management.
Due Diligence Firms
In addition to the established Due Diligence Procedures that are in place and executed by program employees, the Company has determined it to be prudent in certain circumstances to engage third parties to conduct list searching and investigations of potential clients and documentation. The Company contracts with a widely utilized online tool that allows the Company to search individuals and entities against government lists as well as known occurrences of fraud, corruption, terrorism, money laundering, narcotics trafficking and many other types of financial crime for all transactions.
Another third party that is utilized is an investigative firm that gathers business information from all over the world for corporations, law firms, financial institutions and non-profits. This firm is engaged in transactions in which the Company in unable to determine if the information and entities involved are legitimate.
These respected relationships allow Harmonie to remain on the cutting edge of the financial industry and further ensure our clients a maximum performance from capital. Our distinctive approach to solving your unique goals may be achieved by utilizing our programs creative financial solutions while minimizing risk. We are able to adapt to dynamic situations relating to specific economic conditions or regions, while maintaining our client’s immediate and long-term financial objectives.