Market Overview

Reliance Launches Its Sovereign Debt Management Program and Claims It is the Solution to the Pending Debt Crisis


Spokesperson for Reliance Bullion Exchange, Lisa Bergman, confirmed the New York based financial advisory firm has launched its Sovereign Debt Management Program. The firm's program is designed to provide sovereigns and central banks with a permanent innovative method to manage, and remove debt from their balance sheet.

Reliance's acting CEO Ty Elting says, "Their firm is certain Reliance's Debt Management Program will have a direct impact on solving the pending global sovereign debt crisis." Mr Elting stated, "The Reliance Debt Management Program has no equals, and leads to true debt cancellation for participating sovereigns and central banks."

Mrs. Lisa Bergman confirmed Reliance's willingness to engage secondary market traders of sovereign debt in option contracts, as a method of acquiring sovereign debt.

Bergman said the firm has implemented an aggressive approach to both acquire sovereign debt, and inform sovereign issuers on the many advantages of engaging in the Reliance innovative debt cancellation process.

Bergman added sovereigns or central banks preparing to raise capital in the markets, contact the head of the advisory firms transaction team at to enquire of the program, and learn of its many advantages compared to other forms of capital raising and debt cancellation methods.

In November 2012, Reliance will begin its funding program, which focuses on assisting commercial banks with their current Basel capital requirements. The firm's funding program will include both equity and hybrid loan facilities.

Lisa Bergman, 1-212-231-8312

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