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Can I register as an Issuer and an Investor simultaneously?

Currently, there is no rule restricting you to register as Issuer and Investor simultaneously. You will be required to open separate accounts for each, using different…

Creative Burnink March 22, 2018

Is FinPAL regulated?

Yes, FinPal is a Registered Recognised Market Operator, governed under Section 34 of Capital Markets and Services Act 2007 (CMSA) by Securities Commission of Malaysia…

Creative Burnink March 22, 2018

Are my funds at risk if FinPAL becomes insolvent?

Your investment funds are held on trust on your behalf in a segregated Investor Trust Account which cannot be transferred to FinPAL Accounts. Additionally, FinPAL…

Creative Burnink March 22, 2018

Is my investment secured?

FinPAL does not hold any tangible collateral from the Issuer as a security against the Issued Note(s). However, depending on the credit assessment of the Issuer,…

Creative Burnink March 22, 2018

How would my investment be impacted in the event of delinquent / default?

In the event of any delinquent and/or defaulted Issued Note(s), FinPAL may incur costs such as legal fees and collection charges in recovering the Issued Notes amount…

Creative Burnink March 22, 2018

What is the default rate?

In view of our greenfield operation, we do not have sufficient transaction histories for meaningful statistic. An indicative probability of default by reference…

Creative Burnink March 22, 2018

What happens if Issuer defaulted on Issued Notes?

In general, an Issuer is considered to have defaulted when the Issuer fails to repay any of its Issued Note(s) after 90 days from the due date of the said Note(s). In…

Creative Burnink March 22, 2018

What happens if Issuer missed payment on the due date?

An Issuer is considered as delinquent the moment the Issuer missed payment(s) for any one of its issued Note(s). FinPAL will pursue for payment rigorously to ensure…

Creative Burnink March 22, 2018

What happens in the case of early repayment from Issuers?

Consistent with our vision in helping SMEs to accelerate their business growth in a sharing economy, Issuer is allowed to make early repayment towards the Issued…

Creative Burnink March 22, 2018

How do you assess the creditworthiness of Issuers?

Prior to being eligible to sign up into FinPAL’s Platform, we will run rigorous due diligence and credit assessment processes on each prospective Issuer, including…

Creative Burnink March 22, 2018

How do I minimize the risk?

You may spread your risks by investing into multiple Issued Notes. Our automated allocation tool, AutoBid, can help you to do this efficiently.

Creative Burnink March 22, 2018

What is the risk of investing in invoices via FinPAL P2P Platform

Investing in any investment product places your capital at risk and so does investing Issued Notes through FinPAL. The risk presents itself when the Issuers are…

Creative Burnink March 22, 2018

Is my investment return taxable?

The taxability of the interest income depends on each Investor’s tax position. Kindly consult your tax / financial advisers for independent professional ad…

Creative Burnink March 22, 2018

What is the expected return on my investment?

The returns of each investor differ case by case, based on a range of factors e.g., market condition, your choice of Issued Notes, total investment size and level…

Creative Burnink March 22, 2018

Are there any fees or charges involved on Investor?

FinPAL does not charge Investors a fixed fee. Instead, FinPAL operates an Interest Sharing scheme with the Investors. The sharing ratio to Investors varies according…

Creative Burnink March 22, 2018

How does FinPAL ensure the invoice that we invested are not fraudulent?

FinPAL has obtained prior consent from the Issuers to allow FINPAL to verify the authenticated Invoice with B2B Platform. This will ensure the invoices listed in…

Creative Burnink March 22, 2018

What is Invoice Financing?

Invoice Financing allows the SMEs to obtain finance upfront from a third party, backing through expected cashflow from their invoices on products and services delivered.…

Creative Burnink March 22, 2018

What are the financing products available for investment?

FinPAL currently offers 2 types of financing products: Invoice Financing and Short Term Working Capital Financing, the key product characteristics of which as below: Invoice…

Creative Burnink March 22, 2018

How frequent will I get my returns and investment back?

You will only get your returns and investment back upon Borrower’s repayment. Repayments from Borrowers are due on a date predetermined upon its hosting onto…

Creative Burnink March 22, 2018

Can I withdraw my investment decision?

Once you select and confirm your investment (whether through manual selection or via AutoBid selection criteria), you have made a promised financing to the Issuers.…

Creative Burnink March 22, 2018

How long is each Issued Note open for my investment decision?

Each Issued Note is listed for your investment decision for 3 Business Days or up until its subscription reaches 100% of its intended funding (“Target Amount”),…

Creative Burnink March 22, 2018

How are the pricing of Issued Note is determined?

<font size="4">We adopt a risk-based pricing approach through our proprietary risk scoring model. Each Issuer will be assigned a risk grading after our detailed…

Creative Burnink March 22, 2018

What currencies can I invest in?

We currently offer Issued Notes denominated in RM only.

Creative Burnink March 22, 2018

What will be the general investment tenor?

<font size="4">Depending on the type of financing product you wish to invest, the investment tenor may range between 1 month to 6 months.</font> <font…

Creative Burnink March 22, 2018