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money market
Variable Rate Demand Note
Managed Variable Rate Demand Note
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SPECIALTY PRODUCTS

THIS WEBSITE AND ITS CONTENTS ARE DIRECTED SOLELY TO "QUALIFIED INSTITUTIONAL BUYERS" ("QIB") WITHIN THE MEANING OF RULE 144A PROMULGATED UNDER THE SECURITIES ACT OF 1933.  IF YOU ARE NOT A QIB, PLEASE EXIT THIS WEBSITE.

IMPROVED SHORT-TERM YIELD

The Collateralized Variable Rate Demand Note ("CVRDN") and the Managed Variable Rate Demand Note ("MVRDN") represent two core financial instruments that have been designed for the benefit of high volume credit users by United Financial Technologies, Inc.  These instruments are engineered to bring borrowing and credit costs down for the Issuer while improving upon the yield payable to the noteholder as Subscriber when compared to comparable short-term securities.  The CVRDN and MVRDN hold true to the foundational note characteristics of the conventional variable rate demand note ("VRDN") making the transition to these innovative debt instruments by investors familiar with purchasing the VRDN far easier than may be expected.  To qualify these instruments for purchase, please click on "Subscriber Inquiry", submit the information requested, and allow us in conjunction with your FINRA Member Firm  to assign a User Name and Password that will grant you access to specimen note documentation for your organization's credit and legal review.  Provided you agree that these types of instruments may make excellent additions to your portfolio, your log-in information will then also give you direct and proprietary access to consider specific note issuances for purchase.
CVRDN What is a CVRDN?
The Collateralized Variable Rate Demand Note, or CVRDN, represents a new branch to the family tree in the Variable Rate Demand Note (VRDN) market sector, manifesting the best of the characteristics found in the conventional VRDN instrument, plus a noteworthy set of significant improvements over conventional thought in this market.  The CVRDN offers the potential to achieve the same investment grade quality as a traditional VRDN, provides consistent 7-day liquidity upon an optional tender, and complies with 2(a)(7) investment guidelines.  It does so while still providing for an increase in yield without increasing exposure when compared to comparably rated VRDNs.  Additionally, by standardizing issuance documents, greater issuance efficiency is promoted, which can avail more substantial blocks of CVRDNs under a single offering.
MVRDN What is a MVRDN?
The Managed Variable Rate Demand Note, or MVRDN, is an attractive new type of financial instrument that brings with it many of the best attributes of conventional Variable Rate Demand Notes (VRDNs) while adding innovations that improve upon performance expectations and purchasing efficiencies. With 7-day liquidity and money market compatible characteristics, the MVRDN becomes an exceptional addition to any investment portfolio that requires a marked degree of liquidity as a cornerstone component of its overall operation. An MVRDN, when issued consistent with prescribed practices, establishes a baseline expected rating of A1/P1 (subject to actual rating review) and operates within 2(a)(7) investment guidelines. It does all this while offering a slightly enhanced base yield when compared to comparable instruments in the marketplace.  Additionally, because of the targeted application of Note proceeds by its Issuers in the market, it is positioned to eventually create an opportunity for the possible distribution of performance-based supplemental premium payments to its Subscribers.
SUPPLEMENTAL TECHNICAL DOCUMENTATION Highlights of a RTAF
MARKET SUPPORT SERVICES TO THE BROKERAGE COMMUNITY


Estuary Capital Markets provides marketing and marketing support services related to certain specialty financial instruments that appeal to the "Qualified Institutional Buyer" (QIB).  Specifically, Estuary has been selected as the exclusive Preferred Vendor by United Financial Technologies, Inc. to provide such services to FINRA Member Firms in order to facilitate the initial private offering and sale/resale of the Collateralized Variable Rate Demand Note (“CVRDN”) and Managed Variable Rate Demand Note (“MVRDN”). These instruments are representative of improvements within a class of short-term money market investment instruments. Like other quality instruments in this class, they are investment grade, satisfy 2(a)(7) investment guidelines and incorporate a 7-day ‘put’ function that supports a high and consistent degree of liquidity for its investors.

NOTICE: Collateralized Variable Rate Demand Notes, Managed Variable Rate Demand Notes and related financial products and derivatives are offered for sale to qualified purchasers solely by FINRA Member Firms.
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One Conway Park, 100 Field Drive, Suite 270, Lake Forest, IL 60045
847.234.5988