FTN Exporting intermediary :Commodities
FOLLOW THE YELLOW BRICK ROAD
THE FYBR DOCTRINE: GENESIS
One either takes this intermediary exporting business seriously or not at all.
01/01/2012
One either takes this intermediary exporting business seriously or not at all.
01/01/2012
The nature of business applicable to the intermediary has been around for thousands of years mostly as an ‘ad hoc’ application until , for the very first time in history an Australian turned this well plied activity into a world leading uniform application. Nearly 25 years of trial and error by FTN Exporting supports the creation of this new uniform intermediary trading application for world wide use. Not even years of university studies could deliver such a doctrine. FYBR and ITSI are unique formal legally defined intermediary trading doctrines like no other. URPIB rules of trade supports our doctrine as well- meaning that the doctrine also comes with universal rules that a broker, intermediary or international trade agent must abide by, regardless if they have studied our doctrine or not- the rules are also legally supported in part or fully as a rule of law in many countries.
Today there are many type of traders who promise the world and deliver misery in this business - 99% of intermediaries now on the net are ill informed have no idea what they are doing and will never close a deal. Courts are also full world wide of suppliers and end buyers who think they know it all, when in fact just like the many ill informed intermediaries , know very little, about this business as well..
Lawyers , Banker , Politicians and many home intermediaries entering, Crude oil, MTN or Gold deals only to lose hundreds and thousand of dollars in advance fees to some really dumb traders, and who are too embarrassed to report such incidents due to their high profile position. ‘We have 10,000 MT of gold to sell’ seems an attractive proposition to people who should know better- One quick e-mail to practitioners of such offers revealing that more gold is on offer than USA Federal Reserve Bank holds seems to bounce of the thick skulls of such traders.
Then we have traders / Intermediaries who have closed legitimate deals using foolishly risky and incorrect procedures only to finally get caught 9 or 10 years later ; thrown into prison on fraud or money laundering charges- who are a sorry sight indeed. I could write a book that would make ones head spin on these kinds of misadventures coming across my desk in the last 25 years. I have even been privy by serving expensive expert opinion in defence of Intermediaries locked in prison on such said basis. There is a way an intermediary can trade in this business, for commission and without the threat of landing in prison or being circumvented - they need to study and they need to be into trading as a intermediary for the long term holding the combined position of 'Buyer/Seller."
YOU CANNOT TRADE FROM THE POSITION OF A ‘SOURCING INTERMEDIARY.’ YOU SOURCE PRODUCTS , YOU SOURCE END BUYERS, YOU CLOSE THE DEAL AS BUYER TO THE SUPPLIER AND SELLER TO THE THE END BUYER. YOU TRADE HOLDING POSITION AS BUYER/SELLER. IF YOU ARE UNABLE TO TRADE AS A SOURCING INTERMEDIARY OR SEEK TO LEARN AS MUCH- GIVE UP! THIS BUSINESS IS NOT FOR YOU.
In the early 80’s FTN Exporting CEO Davide Papa was talking with a group of business men who were all bragging about this import export deal they were attempting to close. I heard things like ICPO, LOI, BCL, ASWP, MPA ,NCNDA and the likes back then. I also heard commission amounts that sounded like something from fairy land. Within a short period of time FTN Exporting was formed, trading initially for nearly 6 years with the same said applications I’ve heard about. Back then the fax machine was all the rage- as were the monthly telephony bill reaching thousands of dollars- I had one local clown who went broke with a facsimile bill reaching 15,000 dollars in a month.
Orders would come in and out daily via fax , sometimes day and night perpetually for weeks on end .I really believed I was a hot shot commodity trader, except I never got to contract stage of any deal and often would ply deal that would never go beyond the LOI stage. It also seemed I was always being circumvented as well.
I couldn’t work it out ; 6 years of dealing full on, costing me thousands of dollars per month had just about sent me to the wall. I decided to take a simple international trade course costing me $1500 dollars back then with a well known local home study college. By the time I finished the first module of 4 - I had realised that the way I was trading, the way that everyone else were trading around the world , the way those idiotic business men , who planted this import export bug in me were trading - were incorrect, flawed and unworkable. To add insult to injury, my studied revealed very little matters related to the business of the intermediary. All applications where applied for a buyer or seller to apply. Then one morning like a bolt of lightning a realisation hit me.
Anyone can become a 'buyer or a seller' - but not every one can be a 'end buyer accepting possession of goods' or ' supplier in possession of goods. ' With this clear distinction- the doctrine fell into place. It all made sense.
I studied intently and extrapolated banking rules , delivery rules contract formation rules to which led me back into trading like a person possessed- I had to try these new formal protocols I was developing as I traded, but had to apply such from the perspective of an intermediary. I was on the right track with this new rough doctrine so much so that I along with another intermediary ‘attached” to me actually landed a big contract of sugar and a massive DLC within 6 month of using such. I was in shock. After so many years I worked out a rough set of workable legal parameters that an international trade intermediary could ply- That was 1994. I never stopped developing the doctrine to which evolved the formidable superior safe uniform intermediary applications we have today .
My first doctrine was released as ‘The World is Yours’ in 2005 . By 2010 I was formally published Internationally with ITSI having a second print run in 2011.
Trading as a real professional intermediary , to leave the realm of idiots, to enact an application for all the world traders to use- is not an easy feat. To become a professional intermediary in the real world of trading in commodities is not easy at all . It takes a long time of practice and study measured in months and years and many will not make the cut, even after studying our material intently. There is so much to know. One thing above all else is assured, the doctrine is able to get a deal closed and that for all the efforts made by the professional intermediary to do so- they won’t be wasting their time because the procedures can’t be made to legally work- So many superior minds than ours including the many lawyers, bankers and corporate entities who have purchased our publication from 2005 have complimented the doctrine out right. As an Australian , I was not influenced by all those flawed applications plied in the international arena , hence the doctrine is pure in conception and legally supported. I've created a workable uniform intermediary doctrine-taking a chunk of my life to establish. A proud legacy I leave behind for all, for decades to come (and centuries.)
The doctrine is being taken seriously world wide and noticed by important people. By 2013 the only intermediary applications that will prevail world wide will be the FYBR or ITSI doctrine as created by FTN Exporting.
SUPPLIERS IN POSSESSION OF GOODS:
How many idiotic inquiries have you had from ill informed intermediaries - many?
All that has changed . You have a wanted product at a good price FOB , we will consider buying such? We buy at consequences of our own doings. Imagine having experts overseeing your sales?We look after the interests of the supplier as we do the end buyer when we sell goods we have entered into a contract to buy such. We treat all deals as 100% confidential.
If you have long term supply capability , then all we need is an offer - The offer once accepted is sent to the SMICE Exchange who enacts a set of procedures to inform FTN Exporting clients of a new listings, of new products for sale.
©URPIB LOGO MAY BE ONLY USED BY THOSE BUYING A PUBLICATION FROM FTN EXPORTING DIRECTLY FROM THIS SITE TO INFORM OTHERS THEY ARE INFORMED PRIVATE INTERMEDIARIES WORKING TO A SET OF RULES AND PRICIPLES. ANY END BUYER SUPPLIER OR SELLER VERIFITING SUCH USE OF SAID LOGO WILL NOT GET A FAVOURABLE CONFIRMATION OF A URPIB TRADERS STATUS - IF THEY DID NOT PURCHASE SERVICES DIRECTLY FROM FTN EXPORTING.
