DRB Financial Solutions, LLC provides liquidity solutions to individuals and small/medium-sized businesses holding high quality but illiquid assets
SINGAPORE / HONG KONG, Aug 6, 2019 - (ACN Newswire) - via NEWMEDIAWIRE - LiquidX, the global network for illiquid assets
, is pleased to welcome DBS Bank to its network.
He further noted that a special commission had determined the total value of the company's illiquid assets
- about $4 million.
The 2017 Tax Cuts and Jobs Act, which took effect at the start of 2018, set a one-time 15.5 per cent tax rate on cash and eight per cent on illiquid assets
repatriated to the US.
On one end of the spectrum, illiquid assets
such as property and private equity funds, show the greatest number of issuer advantages if they use digital securities that trade on a secondary market.
It is understood the inquiry is related to Mr Woodford's Guernsey-listed assets amid concerns the move was made to sidestep rules limiting the proportion of illiquid assets
in the fund to 10%.
About DRB Financial Solutions, LLC, (DRB) provides liquidity solutions to individuals and small/medium sized businesses holding high quality but illiquid assets
. Having raised over $1 billion in capital and developed a robust origination platform, DRB is a market leader in five major lines of business: USClaims (USclaims.com), DRB Capital (DRBCapital.com), Echelon Medical Capital (EchelonMedicalCapital.com), CRG Financial (CRGFinancial.com), and Producer Advance.
The rules require illiquid assets
to be limited to 10% of the portfolio.
companies to bring home the more than $2.6 trillion now held overseas, the law sets a one-time tax repatriation rate of 15.5 percent for cash and cash-equivalents and 8 percent for illiquid assets
. Amgen said its future U.S.
At the same time, illiquid assets
' share this year double to 8%.
Gresham House focuses on building a platform for relatively differentiated, specialist or illiquid assets