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…
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,…
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…
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…
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…
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…
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…
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…
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.
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…