Welcome to the Official
SWANsat Holdings
Executive Online Briefing Pages

Our SWANsat Magna Carta
0. Due Diligence Materials
1. Executive Summary
2. Technical Documents
3. Ex-Im Bank Funding Guarantee
4. Information Memorandums
5. Funding & Investments
6. Marketing Structure
7. FERA and Senate Bill 2433
8. Backhaul Tower Support
9. South Sudan Proposals
10. Host Country Documents
11. ITU Filings
12. mySWANbank
13. Reports to Friends of SWANsat
14. Bio for Dr. William P. Welty
15. Conferences Addressed
16. Landing Rights Issues
17. United Nations Responses
18. Islamic Banking Issues
19. World Bank and ODA
20. Links that Mention SWANsat
21. The LIBERTY™ Suite
22. SWANsat Aerospace, Our Vendor
23. Relations with the African Union
26. Milestones: Progress to Date
24. The NEPAD Council
25. AUric/Global Settlement Foundation
27. Press Reports about SWANsat
28. Press Images and Logos
29. Mauritius Documents
30. On Visionaries...

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Section III: Application for
Export-Import Bank Funding Guarantee

In late August 2008, we were invited to begin discussions regarding commencement of a due diligence inquiry that would lead to Ex-Im Bank providing guarantee services to us for funding the SWANsat System. Our letter led to further discussions, and then we initiated an application procedure to Ex-Im Bank during the first week of September of that year.

About two months later, in November 2009, we submitted a Disclosure Statement that contained more specific information regarding our interest in availing ourselves of services provided through Ex-Im Bank, especially utilizing our affiliate company MetaNET Services, Ltd., a Mauritius GBC-2 corporation, as the responsible borrower. (Formation of this off-shore corporation was an antecedent requirement set forth by Ex-Im Bank for consideration of a funding guarantee from Ex-Im Bank.)

In March 2009, we were informed that our answers to the following three milestone questions will determine the outcome of Ex-Im Bank’s decision regarding participation in a funding guarantee. The three milestone questions are:

1.     Is the technology for SWANsat achievable, given that SWANsat represents the first licensure by any ITU member nation from geosynchronous orbit of the W-band for use by telecommunications satellites?

2.     How will the USD$36 billion required to design, construct, launch, and operate the SWANsat System for its first two years of operation be repaid to the candidate funding sources, of which 85% would be provided through funding guarantees issued by Ex-Im Bank?

3.     What public posture could the SWANsat project and Ex-Im Bank take to demonstrate that the ratio of risk-to-reward for the SWANsat project is reasonable, especially given the congressional oversight responsibilities inherent in Ex-Im Bank providing a financial guarantee equivalent to about 250% of its entire 2008 allocations budget to a single project?

Here are our answers to these three milestone questions, along with copies of the supporting documentation that accompanied the answers:

Question 1: Letter of 5 March 2009: Is the Technology Achievable?

Supplement: Handset Construction Capabilities

Question 2: Letter of 6 March 2009: How Will the Funding be Repaid?

Supplement 1: Introduction to SWANsat with presentation notes (PDF)

1: Introduction to SWANsat without notes (PDF)

1: Introduction to SWANsat (PPTM PowerPoint 2007 file)

1: Introduction to SWANsat (PPT PowerPoint 2003 file)

Supplement 2: SWANsat Pro Forma (XLSM)

Supplement 2: SWANsat Pro Forma (PDF)

Supplement 3: SWANsat Domestic Account Purchase Option (PDF)

Supplement 4: SWANsat International Account Purchase Option (PDF)

Supplement 5: Draft SWANsat Private Placement Memorandum (PDF)

Supplement 6: List of Worldwide Telecom Companies #1 (PDF)

Supplement 7: List of Worldwide Telecom Companies #2 (PDF)

Supplement 8: SWANsat Risk Disclosure Statement with Addendum (PDF)

Supplement 9: Introduction to Shareware Telecommunications (PDF)

Question 3: Letter of 2 March 2009: What Public Posture Should be Adopted?

Ex-Im Bank required us to form an off-shore international corporation based in an African Union member state in order to be considered for a loan guarantee. With Ex-Im Bank's approval, we incorporated MetaNET Services, Ltd. as a Category Two Global Business Corporation in Mauritius:

Incorporation Documents (medium resolution: 15,090,128 bytes)

Incorporation Documents (high resolution: 302,185,830 bytes)


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Contents of this site Copyright © 1996-2013 by SWANsat Holdings, LLC. ALL RIGHTS RESERVED INTERNATIONALLY. This page posted pursuant to SWANsat's General Terms of Use. This site was last modified on Monday, February 17, 2014 15:45 -0800.