Global Periodic Payment Assignment Company Inc.
Global Periodic Payment Assignment Company Inc. (Global PPAC) is an independent assignment company handling non-qualified assignments of periodic payment obligations. The company is managed by a board of industry experts in Barbados.
Global PPAC has been structuring income for more than 10 years.
Global PPAC operates in Barbados, a highly regulated jurisdiction with a well-established tax treaty with the United States. It allows for the tax-efficient assignment of non-qualified payment obligations.
Global PPAC is a Barbados company and is subject to all relevant Barbadian legal and regulatory authority. As it conducts business with clients in the U.S., the company is compliant with the Foreign Account Tax Compliance Act (FATCA). Global PPAC is overseen by a three-member Board of Directors and a management team.
Structured Settlements
A structured settlement provides a series of periodic payments to an individual receiving compensation from a settlement.
Attorney Fee Deferral
Attorneys may defer their contingency fees into a periodic payment obligation to spread and grow their income over time.
453 Plans / Structured Installment Sales
Individuals selling a business or commercial property can establish a periodic payment obligation to invest the asset and help minimize the initial tax burden associated with the sale.
Our Values
Security
Global PPAC uses the Royal Bank of Canada, the largest bank in the Caribbean, for all our banking needs.
Reliability
During the 10+ years that Global PPAC has been operating, no assignment funds have ever been misplaced or delayed.
Transparency
Your money is accounted for each step of the way.
The Assignment Process
NQAR: Non-Qualified Assignment & Release Agreement
Assignor: Individual/Entity who legally transfers a right or obligation to another individual/entity, the “Assignee”.
Assignee: Individual/Entity to whom a right or obligation is transferred by the individual/entity currently holding such right or obligation.
Assignment: The transfer to another of a right, interest, or title.
Custodian: A financial institution that holds securities in electronic or physical form to minimize the risk of loss.
Servicing Agent: A third-party engaged for the purpose of performing obligations held by Assignee.
Payee: Individual/Entity to whom payment is directed.
Promissory Note: A signed document containing a written promise to pay a stated sum(s) to a specified individual/entity on a specified date.
The Global PPAC Team
Archie Cuke
Board Member
Julian Norris, Esq.
Board Member
Corina E. Parravicino
Board Member
About Our Partner
Milestone’s mission is to bring efficiency, transparency, and education to law firms and their clients after settlement.
Office Address
Chancery House
High Street
Bridgetown, BB11128
Barbados, West Indies