![]() Interestingly enough, prime bank programs in the US often state that only overseas banks are involved while overseas programs often state that only US banks are involved. ![]() There is usually a great deal of secrecy involved and the minimum investment is typically in excess of $100 million or more. They purport to involve the purchase and sale of medium-term notes (MTNs), Standby Letters of Credit (SBLCs), Bank Guarantees (BGs), or some similar instrument.Īs the name implies, it is usually alleged that only the largest top-50 prime banks in the world are involved in this program and participation is by invitation only. Prime Bank Programs, also known as Prime Bank Investments, High Yield Investment Programs (HYIPs), Buy-Sell Programs or Roll Programs, are clearly and universally fraudulent. More often than not, when people refer to PPPs they are referring to what are more properly known as Prime Bank Programs.
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