If there is only one introducer, the paymaster can pay the introducer directly. If there is more than one introducer, a list of all parties and simple CIS for each is required and The Trade Group will pay all parties.
Fees are never disclosed until the client has an offer.
We will not engage until we have a full, accurate KYC for the client. Similarly, we will not liaise with clients until the file is formally accepted by the platform.
Once submitted, Introducers must not seek regular updates, and leave the platform to engage directly with the client. They must limit all involvement so as not to hinder the deal.
Check bank details and address are correct on KYC by conducting a web search to confirm.
Make sure the clients bank is a credible one and ideally “Top-50”. Location (of bank & branch) must not be in China, Hong Kong, or India unless client is interested in a program specific to those countries.
Leave any transaction codes on the KYC blank. These will be filled in by the platform.
Ensure all documentation added to the KYC is of high quality and resolution and is readable when viewed, paying particular attention to the Proof of Life.
The KYC is usually the first step in any referral and is a comprehensive overview of the clients circumstances and financial picture and provides a snapshot to the platform to ascertain if the client can progress.
The KYC must be completed fully and accurately, with no room for errors. Time should be taken to complete the KYC to ensure it is presentable, accurate and error free, to save time for all concerned.
Transaction codes on KYC’s should be a blank field, that is filled by the platform upon acceptance.
Submitting KYC’s with transaction codes on already, indicates that the case is “second hand” and has been shopped around the market. These will not be accepted.
Some programs have their own KYC, but they are all fairly similar. Some should not be signed until later on in the process, and this is made clear for each program.