Do you own VISA Class B shares?

If you are confused regarding your options for these restricted shares of stock and would you like to understand more register for an informational webinar hosted by the Illinois credit union system on May 16, 2019, from 1-3 pm.

The Illinois Credit Union System will help you gain a better understanding of the following:

  • How did your Credit Union receive the shares in the first place?
  • Why can’t you sell your shares on the open market?
  • How should these shares be accounted for on your books?
  • What options do you have to convert these shares into cash, in the short term and the long term?

    Featured speaker Chip MacDonald is a financial services lawyer who focuses on mergers and acquisitions, public and private securities, regulatory, governance, and policy issues for clients engaged in this industry.

    Register Now for Webinar 

Meeting Agenda

Visa IPO

Classes of Shares – What did Visa members get?
Big 4 / SEC Accounting Agreement
Restrictions on Class B Share Transfers

Visa Class B Structured Sales
The effect of CCAR
Structured Transactions
Forward sale agreement
Equity conversion swap agreement

Current market
Unstructured Sales
The market and counterparties
Visa Certificate of Incorporation
Structures
Credit union issues

Pricing
True Sale Legal Opinion
Market representation
Continued importance
Questions and Answers