OUR COLLEAGUES HAVE BEEN ENGAGED IN PURCHASING DEBT OF EMERGING MARKETS FOR MORE THAN 15 YEARS AND ARE ONE OF THE LARGER INDEPENDENT DEALERS IN THIS MARKET. PALMS & COMPANY OFFERS OUR CLIENTS THIS MECHANISM TO HELP RUSSIAN COMPANIES PAY FOR THEIR IMPORTS.

MORE THAN 1000 TRANSACTIONS, AMOUNTING TO OVER $2.5 BILLION DOLLARS HAVE BEEN CONCLUDED.

THIS IS AN ARCANE ART.

MORE THAN 100 BANKS HAVE PARTICIPATED IN THESE TRANSACTION.

• Sovereign bligations owed to multi-national corporations
• ═debt which the Central Bank permits to have redeemed in rubles
• dollar denominated stabilization bonds
• notes of the Russian government
• local currency deposits that carry the right to be converted into dollars
• non-performing promissory noted
• interest deferred and unpaid notes
• former Soviet Union foreign trade organization obligations

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