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eConnectDirect
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Issuers / About Pre-Orders


ABOUT PRE-ORDERS

> Multi-Bank Securities, Inc. (MBS) pre-orders are guaranteed all-in prices
> (“takedowns”) for terms that we are actively looking to place with
> FDIC-insured banks.

MBS provides liquidity to fund your brokered CDs from numerous locations and
diversified sources, including:

 * In-house institutional sales (e.g., financial institutions, wealth management
   firms and money managers, trusts, insurance companies, corporations, etc.)
 * In-house municipal sales (e.g., cities, counties, special districts, school
   districts, etc.)
 * eConnectDirect® and ECNs
 * Syndicate sales and street distribution (hundreds of dealers and retail
   outlets)

We constantly monitor daily trade volumes and trends and manage demand from our
clients. Often, our investor demand outpaces the supply of inventory, or clients
are seeking specific issuer and offering attributes that don’t readily exist
(e.g., issuer financials, settlement dates, maturity dates, etc.). When this
occurs, we publish the known or projected volume as pre-orders. As a DTC issuer,
this demand is offered to you as a guaranteed placement or takedown order.


ORDER QUANTITIES

Unless otherwise discussed, the published quantity is the maximum amount of the
takedown. Submitted order requests greater than the maximum are permitted and
will be funded on a best efforts basis, reflected within the Terms Agreement.
Conversely, most pre-orders can be broken up into smaller order quantities.
Minimum order quantities, as applicable, will be noted on the offering. Click
the Preview button next to an emailed offer to view more details about that
offer.


FREQUENTLY ASKED QUESTIONS

Are all of the pre-orders I see available to my bank?
We pre-qualify issuers individually for published or distributed pre-orders
through our in-house technology. If you see it, your bank is qualified to accept
it. MBS reserves the right to revise or reject any guaranteed portion of a
listed pre-order at the time of request. The counter-signed Terms Agreement will
reflect all applicable commitments on your order.

How can I (the issuer) lock in all or part of a pre-order?
There are three ways issuers can do this:

 1. Submit your order request online. Simply click the Preview button in the
    Pre-Order email you receive from MBS and follow the prompts.
 2. Reply to the pre-order email and your account representative will forward
    you a Terms Agreement to review and sign.
 3. Call (866) 355-0109 to discuss or place your order.

Will other brokers see my CD if I accept a pre-order?
As all DTC issues are assigned a CUSIP number, the simplest answer to this
question is yes. Although market visibility can sometimes be delayed, eventually
it does get published.

Can I settle my CD before or after the published dates?
Sometimes. If you want a date outside the date range provided, please call (866)
355-0109 to discuss.

Can I get better pricing than the published pre-orders?
Sometimes yes, sometimes no. One of the values of pre-orders is that it removes
the uncertainty of funding your order. Best efforts levels are always needed,
and firm bids can be provided.

Do I have to take all of a published pre-order?
Typically no. Minimum order quantities are noted on each offering.



 * Investors
   * Benefits to Investors
   * Online Technologies
   * Portfolio Support and Reports
   * Bond and CD Market
 * Issuers
   * Benefits to Issuers
   * Online Technologies
   * Portfolio Support and Reports
   * Liquidity and Deposit Resources
 * About
   * Multi-Bank Securities, Inc.
   * eConnectDirect
   * Frequently Asked Questions
   * Partnerships
 * Education
   * Multi-Bank Securities Institute
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 * Contact Us

Request Info

 * Disclosures
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 * CCPA
 * Offering Documents
 * MBS Form CRS

For institutional investors only. Not intended for the investing public.
Copyright © 2023, Multi-Bank Securities, Inc. Member of FINRA & SIPC; MSRB
Registered.
All rights reserved. eConnectDirect is a registered trademark of Multi-Bank
Securities, Inc.

Click here to get to FINRA BrokerCheck.

Multi-Bank Securities, Inc. is not a chartered bank or trust company, or
depository institution.
It is not authorized to accept deposits or trust accounts and is not licensed or
regulated by any state or federal banking authority.

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