Procedure

Structured Installment Sale Procedure:

1. The buyer and seller enter into a valid installment sale agreement.
2. The buyer assigns its obligation to make future payments to an assignment company.
3. All the needed documents including sample purchase language, assignment agreement, application, and wire transmittal forms are provided by the installment sales consultant.
4. An assignment company accepts funds from the buyer and purchases either an annuity contract or government securities to match the future periodic payment obligation, and directs the payments to the seller.
5. The seller is the payee of the future payments and an annuity company issues a guarantee, or a trust company issues a keep well agreement regarding the performance of the assignment company.