Verification standard
What Zatra checks, and what it leaves to you
Zatra screening keeps unqualified offers and unserious requests out. It does not replace the client's own due diligence. Both are required.
Zatra screens, the client investigates, an advocate papers the deal, the parties settle
Four roles and what each is responsible for. No role is merged into another.
Zatra screening
- Identity and beneficial owners
- Authority: owner, director or written mandate
- Documents present and consistent
- Legal lane for the asset and route
- Offer Clarity Standard with an end date
- Seriousness test for every request
Not due diligence, a valuation or a legal opinion.
Client due diligence
- Title, licence and registry searches
- Inspection, assay or condition report
- Independent valuation
- Financial and tax review
- Site visit and community checks
Commissioned and paid by the client.
Advocate
- Heads of terms into a binding agreement
- Consents and registrations
- Stamp duty and execution
- Security or escrow only with licensed providers the parties choose
Chosen by the parties.
The parties
- Sign the NDNCA, PSFA and their agreement
- Pay each other directly through banks
- Handle tax with their advisers
- Report the outcome
Fursa365 never receives money owed between parties.
Screening levels
Level 1, documentary screening. Every offer and request: identity, beneficial owners, authority, documents, legal lane, the Offer Clarity Standard and a seriousness test for requests.
Level 2, onsite verification. Optional, through Zatra's onsite asset or supplier verification, published from USD 499: a physical visit with written findings on identity, location and observable condition. It is not a due diligence, valuation or technical assessment.
Level 3, client due diligence. Required before any agreement, commissioned and paid by the client.
Red flags that stop a listing
- No proof of ownership or written mandate
- Documents that conflict on names, numbers or dates
- Pressure to pay a deposit before verification
- Requests to pay a third party, or to pay in cash
- Returns promised, guaranteed or fixed
- Minerals without lawful-origin records
- Beneficial owners hidden behind nominees, the issue now under government review in mining services
- Any sanctions match on a party or owner
Zatra Consultants, Nembo Creative, Zatra Synergy and DY Trading are related companies. When any of them is on either side of a match, that is disclosed in writing before the introduction, and the screening is reviewed by someone not involved in the deal.
Have something idle? Put it to work.
Submit a qualified offer in about ten minutes. Zatra screens it, and only verified demand ever sees it.