Full question:

First and foremost I would like to offer a huge thank you for providing such useful information on this website and in your books. I have absorbed much thanks to these regarding the trading business.

A year ago I was in Argentina meeting with a new Hispanic/ Latin American exporter who dealt in agricultural products such as vegetable oils, powdered milk, cereal and grains and the like. I had a previous working relationship with them and enjoyed a solid friendship with the company president who requested that I serve as their mandate to trade their commodities. Over time now I have started my own company and website but having commenced studying your materials I realize I was kidding myself.
I know I am enjoying a position of advantage compared to many in this field but I also know I have so much more to learn from URPIB, URITI, FYBR, UCP600 and URC522 financial methods etc.

This is why I have come to you concerning this situation because though I have this major agricultural business with faith in me I don’t think I am capable of completing any deals for them.

Could you please help me?

Answer:

This is a process you are beginning – the process cannot be taught from this web based forum. I also cannot cooperate with you regarding this situation since you have not begun studying the business or learning from any of my books and will be unable to discuss anything on the same tier from the beginning. – I just do not have the time to give direction and training to everyone who makes a request of me.

My book is packed with more than one hundred fifty thousand words and yet it is still lacking in all of the necessary information.

It requires many months of studying and maybe even years to reach a full understanding of this industry and the numerous circumstances that arise when trading as a mandate holder – working for someone that is a disclosed chief principal

You are working with a source of supply rather than as a provider working for an undisclosed primary which is a much better scenario for numerous reasons.

There is not much sense in having a mandate ship if you have no idea how to work the protocols – Since there are principal’s instructions you are REQUIRED to keep – therefore your privileges and rights are now ‘conditional’.

I myself have turned down a number of proposals for mandate ship just because they were unworthy of the amount of work that was necessary from me.

I have no idea why a confidential autonomous intermediate believes that working for a disclosed primary is such a great position to be in. It just isn’t.

I believe there are several websites that have virtually ripped off my statutes as their own work – but the small number I have discovered in only the last week have no practical knowledge as it applies to trades. So many have perused my articles and have not understood that there are actually much more to many of the topics being discussed.

When you are a mandate holder it is to put it fundamentally – not a good position to be in – when you are the purchaser/ provider you are in the best spot to be in for an intermediary – you now manage the entire transaction – you are the head man in charge – just as long as you receive a proposal from a genuine provider then the authority belongs to you to be able to resell the products as the “provider” working for an undisclosed primary.

You make this happen by utilizing the funding from your final purchaser to pay for the products –
You trade in deliverance paperwork – your final purchaser trades in deliverance paperwork and control of the products – YOU never retain control of the products so essentially you just need to trade title of the products and the trade is completed.

As the mandate holder all of the just discussed procedure cannot be implemented – You arrange for the final purchaser to meet the principal – your trade prices are approved – the provider completes the trade with your final purchaser and forwards the stated commission fee to you.

However, the commission fee is paid from his own pocket – therefore what he proposes to pay you will be peanuts – in comparison to if you were the purchaser/ provider – and when all is said and done you will have to have faith in your primary at the same time. – If he says your trade from a month ago was squashed – will you be able to confirm this? No Way!

This might cost you thousands of dollars to go through the courts – the majority of intermediaries don’t ave that type of money anyways – any agreement they had with their primary would have to be iron clad – just to be able to attempt such a court action.

I apologize, Martin – these are the stated facts. If you have a source of supply, make offers to other intermediaries who could protect a purchaser and hence secure the commissions and this is the best and safest counsel I can give to you when you finally have some basic knowledge of efficient intermediary practices.

Study past answers to these subjects that are on this website when you eventually read this response.
I hope what I have added is helpful.