HilleryScott.Com HSC is a virtual office for community investment authority and finance by Hillery M. Scott, as a Venture Capitalist within local communities.
HSC also performs as a financial institution that facilitates:
- Securities lending, exchange of payments, securitization, transactions among investments, investors, and banks.
- Ensuring that transactions are settled accurately and efficiently.
- Acts as intermediaries between the buying and selling of securities, helping to clear and settle financial transactions.
Treasury Banking
HSC offer Treasury Banking solution for community investment benefit through Hill Scott Corporation HSC as a back-office cloud-based clearing corporation within the State of Louisiana Law.
Deposits
Unlike general banking Treasury Banking is legally defined as an exempted non depository financial institution holding securities deposit, that does not hold “Fiat” only commercial debt and equity in reference to debit and credit transactions.
Accounts
HSC It does not directly or indirectly offer a savings account, savings deposit, certificate of deposit, savings certificate, money market certificate, share account, share draft account, passbook account, checking account, or withdrawals from such accounts. It offers “Securities accounts” means an accounts to which are “Investment Acquisitions” held as an account “debit of items” and receivables of financial instruments. The values is transferred as payables of credit to an investment account in accordance with an act of sale and securities depository agreement as security entitlements.
Note: All fiat currency received is transferred to a standard bank accounts as third party intermediary and non-affiliates.
Registration
Hillery Scott is not a register broker dealer, advisory, but operation as a independent private fund manager and delegator regulatory compliances and exemption under federal and state law, with full transparency as a financial service agent.
Licensing
HSC is an independent cloud-based nonprofit financial institution, and has elected to be exempted for non licensed with the Official of Financial Institution in Louisiana. It has also elected to be exempted form money transmission licensing as an elected public authority for program rerated investments under constituents’ consent within local political subdivisions it services.
FDIC
All HSC internal Treasury Bank accounts and external depository bank accounts are uninsured accounts and are not classified as depository banks “Covered Funds.” HSC Treasury Bank accounts are not initially guaranteed any federal government agency, but a high percentage of its invested funds shall be individually, or government agency guaranteed based on certain eligibility and procurement rules.
Intermediary Benefit
Depository Banks, Brokerages Fiduciaries and investors will automatically receive standard interest rates and transaction fees from the face value of investment securities in transfer, as an original discount. When credit pass through bank sweeps and settling with investment bank accounts. dividends, and intermediary fee are automatically deducted; percentage amounts will be pending sweep account agreement and fee schedule.
Investment Risk
All HSC Treasury Bank clients are given noticed that as with any investment there are investment risk and that an investment may lose value, HSC advise all investor to seek season and experienced brokers and investors before making an investment.
For third party regulatory compliance information (See Regulatory Disclosure)
