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In 1993, NLEXTM began representing portfolios on behalf of financial institutions to offer new product to its buyers, and to offer an exchange in which lenders could create liquidity for their charged-off assets.

Since that time, we have conducted sales each month for banks, insurance companies, the U.S. government, and other financial institutions. NLEXTM has closed over five thousand contracts, totaling approximately $100 billion of face value for more than $3 billion in sales. No other company has the extensive and successful experience to offer both buyers and sellers.