Funds Transfer
Agent Agreement
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At a glance:

Situation:
-Small and Disadvantaged businesses lack the financing and credit resources for access to the natural gas market -

Solution:
- Funds Transfer Agent Agreement relieves small and disadvantaged businesses from having to secure a line of credit or payment coupon. -

- November 25, 1998: Office of the Comptroller of the Currency (OCC) determined that financial institutions assisting small and disadvantaged businesses that buy and resell natural gas can receive favorable CRA consideration. -

Success:
- Acceptance of FTAA product by Union Bank of California and suppliers. -

Benefits

Small Business:
- Short Term: Obtains a transactional instrument that can be used to buy/sell natural gas. -
- Long Term: Develops an ongoing credit relationship with a bank. -
- Greater access to natural gas marketplace -

The Bank:
- Grows new customer/new market -
- 1-2 day access to purchasers funds -
- Significantly increase its business activities with small and minority owned businesses -
- Earns CRA credit for the loan -

The Supplier:
- Assured Payment
- Access to new/niche market
- Significantly increase its sales to small and minority-owned businesses

The Re-Purchaser
- More Suppliers -
- Lower Prices -
- Significantly increases the amount of purchases from small and disadvantaged businesses. -

Contact us for more information.