The bank account is the hub of the financial life of consumers, and 95% of all Europeans have a bank account.
Trustly’s vision is to make bank payments simpler and easier for everyone, and we are now finally European for real – today available in 29 markets in Europe.
Agency Icole: Is it time to Offer Security Token Offerings (STO) in PolandArtur Radosz
A short presentation on STO did during VI Digital Money & Blockchain Forum on 16th May 2019 in Warsaw.
Video recording of the presentation is available here: https://www.youtube.com/watch?v=ofgB4vK3mDs&list=PLXUbm_YCx6OfT2AojpbrUSDuYqQUG6Xhc&index=2 (POLISH)
The bank account is the hub of the financial life of consumers, and 95% of all Europeans have a bank account.
Trustly’s vision is to make bank payments simpler and easier for everyone, and we are now finally European for real – today available in 29 markets in Europe.
Agency Icole: Is it time to Offer Security Token Offerings (STO) in PolandArtur Radosz
A short presentation on STO did during VI Digital Money & Blockchain Forum on 16th May 2019 in Warsaw.
Video recording of the presentation is available here: https://www.youtube.com/watch?v=ofgB4vK3mDs&list=PLXUbm_YCx6OfT2AojpbrUSDuYqQUG6Xhc&index=2 (POLISH)
Third-country AIFMD passport stalls in brusselsOlivier Sciales
Olivier Sciales and Rémi Chevalier of Chevalier & Sciales explore the latest developments in respect of the third-country AIFMD passport and how they might affect the industry.
ICO Introduction
ICO Fundraising Status
220 Prospective Blockchain Startups ICO Fundraising Analysis
SEC ICO Regulation Status
How to Avoid or Comply SEC ICO Regulation & STO
Revolut is transforming traditional banks! This slide show will help you understand what Revolut is. Differences with other banks. Its strengths and weaknesses.
To take advantage of Revolut's free card, don't forget to register on this dedicated link: https://www.revolut.com/referral/jrmy40htc
For over 60 years Mediobanca has helped its client grow, with high-quality advisory services and a complete range of credit solutions, from the simplest and most traditional products to the most sophisticated solutions available on capital markets.
Today Mediobanca is a banking group which employs 3,800 people and is:
• leader in investment banking in Italy
• among the first-ranking consumer credit operators in Italy, with Compass Banca
• among the leading domestic online banks, with CheBanca
Detailed overview of LendingClub's IPO including its funding history, business operations, financial performance, public company comparables and relevant industry transactions
Detailed overview of OnDeck's IPO including its funding history, business operations, financial performance, public company comparables and relevant industry transactions
Third-country AIFMD passport stalls in brusselsOlivier Sciales
Olivier Sciales and Rémi Chevalier of Chevalier & Sciales explore the latest developments in respect of the third-country AIFMD passport and how they might affect the industry.
ICO Introduction
ICO Fundraising Status
220 Prospective Blockchain Startups ICO Fundraising Analysis
SEC ICO Regulation Status
How to Avoid or Comply SEC ICO Regulation & STO
Revolut is transforming traditional banks! This slide show will help you understand what Revolut is. Differences with other banks. Its strengths and weaknesses.
To take advantage of Revolut's free card, don't forget to register on this dedicated link: https://www.revolut.com/referral/jrmy40htc
For over 60 years Mediobanca has helped its client grow, with high-quality advisory services and a complete range of credit solutions, from the simplest and most traditional products to the most sophisticated solutions available on capital markets.
Today Mediobanca is a banking group which employs 3,800 people and is:
• leader in investment banking in Italy
• among the first-ranking consumer credit operators in Italy, with Compass Banca
• among the leading domestic online banks, with CheBanca
Detailed overview of LendingClub's IPO including its funding history, business operations, financial performance, public company comparables and relevant industry transactions
Detailed overview of OnDeck's IPO including its funding history, business operations, financial performance, public company comparables and relevant industry transactions
Peer-to-Peer lending: What is Lending Club?David Peat
A presentation given to the Trade and Investment Society on Lending Club, a peer-to-peer lending start-up and currently the largest P2P lending company on the planet.
Presentation about interest rate risk
We start with a simple example about deposit rates. We pursue with bondmarkets and turn to the yieldcurve. Than we derive information about future rates with help of zerorates. Finally we discuss how to invest in a matching example for an early retirement scheme
https://www.youtube.com/watch?v=0l4cOrZnons
Dear friends, welcome to Fontay International
A very serious approach, income 0.8%-1.5% per day.
Interests are being taken from real business. Company is acquiring StartUps. The first StartUp will be bought before the project is started!
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Write me for more information, results fontay.international@gmail.com
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https://youtu.be/0l4cOrZnons
Loss leader strategies have been adopted across all sectors, services and products so far.
One of the most typical examples is razor blades, where producers literally give away razor units because once consumers acquire the unit they will need to buy blades.
Console games are usually sold at a loss to lure customer into purchasing higher margin games and subscriptions.
Loss leader used less for financial services or products and even less in the fund management system.
For the first time in August 2018 a Boston based fund power-house employed a loss leader strategy with the launch of two zero fees funds.
Fees charged by fund managers in the context of relationship with investors are not exclusively linked to the active management of the portfolio.
Fees typically cover costs associated to management of these investments and costs related to third parties involved in the investments.
Actively managed funds are more expensive because they allow for continuous deliver of alpha and outperformance of a benchmark index;
Passively managed funds are a much cheaper option because they replicate composition of a benchmark index to define their portfolios.
Not all fund houses – be them managing funds actively or passively – can afford to have an exclusive range of free funds.
Fund management comes at a cost.
According to FCA spokesman, fees charged by fund managers should remain and greater emphasis should be posed on transparency of fees for investors.
Recent regulatory changes impacting financial services regulation have mixed effect on the blossoming of a no fee fund ecosystem in Europe:
Retail Distribution Review (RDR) initiative and ensuing prohibition for fund managers to pay commission to distributors might push distributors to cost efficient solutions for their clients.
MiFID II, instead, calls for greater transparency on fees and amounts charged by fund managers to investors, both in advance of the investment and on an ongoing manner.
No fee funds might come with transparency conflicts and might not be a fit within the current climate for financial services in Europe.
A new Private Investment Club for investors and business opportunities. Obtain an estimated return on investment of up to 11%-22% or more per month.
Take control of your finances, get your money to work for you!
Montello Real Estate Opportunity Fund Summary Sheet MAY 2014Montello
The Montello Real Estate Opportunity Fund is a Luxembourg regulated SICAV-SIF, set up in partnership with some of the top names in the industry. CBRE will act as transaction manager, while Luxembourg Fund Partners and Apex Fund Services are assisting with the operation and administration. PwC will audit the Fund and ABN AMRO is the custodian bank.
Cosa si attendono i principali attori?
Il P2P italiano ha appena chiuso un 2016 in fortissima crescita, come testimoniano i dati di Dicembre riportati e commentati dal nostro blog (http://bit.ly/2k1il2i).
I volumi complessivamente erogati dalle piattaforme da noi monitorate hanno registrato una crescita stimata pari a +524% rispetto all’anno precedente, superando i 64 milioni di euro.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
3. Younited Credit’s Path
2011 - 2016
2009-2011 2016
2016
Granted
personal loans
for more than
400 Millions
Euros in France
Younited is
operating in Italy
from April 2016,
and is about to
get launched in
Spain
Younited has
already
granted more
than 8
Millions Euros
in personal
loans in Italy
Obtained the bank
licence from the Bank
of France: it is
«passportable» in all
EU countries
Opening of the
Italian
Investment
Funds
Coming soon
4. • Defaults of borrowers: This could impact the return for investors as well as initial investment
• Liquidity: Based on limited liquidity, on the worst case scenario where all investors would ask for total redemption at the same time, they
would get their funds on a pro rata basis, upon borrowers monthly payment
* Net of management fees (between 0% and 0.6%) and after impact of borrowers’ defaults
Note: Italian funds will be available in the coming weeks
Funds Younited
Inception
Date
Loan Maturity Borrowers
Estimated Annual Returns
2015 net annual
return
Total Funds
Outstanding as
of 01/09/2016
Gross Net *
Conservateur Court 10/2013 2 & 3 years
A Grade
4,0% 2,0% - 3,0% + 2,2% 18M€
Conservateur Long 10/2013 4 to 6 years 5,0% 2,5%- 3,5% + 3,0% 109M€
Equilibré Long 05/2014 4 to 6 years B Grade 7,0% 3,5% - 4,5% + 4,1% 40M€
Dynamique 12/2014 2,3,4,5 years C Grade 9,0% >4% + 5,1% 21M€
Younited Italy A 10/2016 2 to 6 years A, B & C Grade 6,5% 3,5% - 4,5% n.a. n.a.
Main Risks
Past performance is no indicator of future performance
Overview of our Funds
5. Detailed Presentation of the Funds
Main characteristics Reporting
Type French securitization mutual fund ISIN code
Market Regulator classification Debt security Bloomberg code
Currency EUR Monthly report
Subscription Weekly Quarterly report
Initial value of the share € 100 Yearly report
Custodian Younited Monitoring 24/7 Online
Management company Eurotitrisation Risks
Servicing Bank Crédit Mutuel Arkéa Guaranteed product No
Auditor Mazars Liquidity Weekly
Entry fees / deposit fees € 0 Eligibility to National Deposit
Insurance
Yes – up to €100,000 on deposits
and €70,000 on securitiesExit fees € 0 (except for early redemption)
Management fees 0.0% to 0.6% Market Regulator
Autorité des Marchés Financiers
(AMF)
Parameters used to determine the NAV (Net Asset Value) of Funds
Interests of performing loans
Performance of recollection
× Provision on 100% of the principal after 6 consecutive late payments
× Progressive provision on the principal from 1 to 5 late payments
× Provision on 100% of the interests after 1 late payment
6. On Younited Website Or on Investment Websites (Quantalys, Bloomberg)
Monitor your investment on the Platform
Tickers Bloomberg:
• PDUALNG:FP
• PUCONCT:FP
• PDUBCRT:FP
• PDUBLNG:FP
• PDUCDYN:FP
ISIN codes
• FR0011605682
• FR0011605690
• FR0011860881
• FR0011860899
• FR0012353548
7. MERCI – GRAZIE – GRACIAS
https://www.it.younited-credit.com/
9. Younited – Company Profile
Creation in 2009 – 120 employees
Institutional InvestorsGeographical Footprint
Offices
Opening expected Q4 2016
Paris
Rome
Barcelone
Italian office opened in March 2016 and opening of
an Spanish office expected end of 2016
Objective: allows investors to finance personal
loans to French households with competitive
returns
€63M in equity funding and first loan origination in
December 2011
Only French P2P platform licensed to operate as a
credit institution (regulated by the French Central
Bank – license n° 16488 - and the AMF, French
market regulator)
Cumulative production exceeding 400M€ since
inception representing more than 50 000 credits,
i.e. 0.4% of the consumer loan French market
10. Operating Principle: a simple and
transparent system
• Subscription by French/Italian resident individuals
• Personal loans with fixed rates and fixed monthly
payment
• 3 000€ to 40 000€ / Maturities from 2 to 6 years
• Reported loan purposes: Car Financing, Home
Improvement, Equipment, Travel
• Prime profile (permanent contract, retired people); no
borrowers with credit incident
• Scoring model used in the underwriting process
Borrowers
Loans
• Individuals and legal entities (personal holding
companies, family office, pension fund, charities…)
• Compounded interest, weekly valuation
• Weekly subscription through a Order Book
• Monthly liquidity based on borrowers’ monthly
instalments
• Pooling of all credits in the fund
Investors
Units of Funds
11. Focus on Liquidity
• Natural monthly liquidity which represents 3 to 5% of the total fund outstanding
• Liquidity comes from the borrowers’ monthly instalments
• This cash is used to:
1) Meet the investors’ liquidity needs*
2) Or, if no redemption are recorded, the cash is directly invested in the funds to finance new loans
• Below the two scenarios
What is the liquidity of the Funds?
Case 1 – Liquidity exceeds the redemption requests Case 2 – Redemption requests exceed monthly liquidity
3.5%
2.0%
1.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
Monthly Liquidity Redemption
requests
Financing of new
loans
3.5%
0.0%
5,50%
-3.0%
-2.0%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
Monthly Liquidity Redemption
requests
Financing of new
loans
* One-month notice for any sell order – 2% penalty for early redemptions before 6 months, 1% if redemption between 6 to 12 months
As a % of the outstanding
These redemptions will
be processed over the
next months
12. Key Figures of Younited
0
3
6
9
12
15
18
21
Oct - 11 Sep - 12 Aug - 13 Jul - 14 Jun - 15 May - 16
France
Monthly Production (€M) Annual Production (€M)
Funds Outstandings (€M)
0
30
60
90
120
150
Fonds
conservateurs
(long & court)
Fonds Equilibrés
(long & court)
Fonds dynamique
Average Interest Rates for Borrowers
0
100
200
300
2011 2012 2013 2014 2015 2016e
5%
7%
9%
A Grade
B Grade
C Grade
13. Donald BRYDEN, Chairman of the Supervisory Board – 62, HEC. Mr. Bryden is a senior advisor at Oaktree Capital
Management. He previously held senior management positions with banking institutions: Global Head of Corporate
Finance and Member of the Executive Committee of Royal Bank of Scotland Global Banking & Markets (2006-2008);
CEO at Royal Bank of Scotland France (2001 - 2006), responsible for the implementation of Bankers Trust in France
and global Head of Corporate Finance and financial Institutions in France for Deutsche Bank (1992-2000), head of
the Financial Office in Tokyo and Head of Corporate Finance in Asia for Paribas (1979 - 1992)
Charles Egly, CEO, 36, HEC. . Charles worked for over 7 years at BNP Paribas, initially as a product developer in the
Private Banking & Asset Management department in Hong Kong, then as a credit derivatives structurer in the Fixed
Income department in Paris
Geoffroy Guigou, COO, 36, HEC. Geoffroy worked for 3 years as a consultant at McKinsey & Co., then joined Poweo,
the first alternative electricity provider in France, in commercial and operational functions, and was a member of
the Executive Committee
Cécile Billon, CFO, 41, ESC. Cécile was audit manager for 10 years at Deloitte before joining ALTI as CFO and
member of the management committee
Frédéric Chaignon, Sales Manager, 35, EM Lyon. Frederic joined Younited in 2013. He previously worked for 5 years
at J.P.Morgan private bank in Paris where he was working with Ultra High Net Worth clients. He worked from 2004
to 2007 as an analyst at J.P.Morgan Luxembourg
Tommaso Gamaleri, Italy CEO 38, Harvard, Tommaso was a consultant with Bain & Co. for six years before founding
the Italian branch of Admiral Group (ConTe.it). As COO, he managed a company that grew from 4 to 600 employees
and achieved profitability in a record time for car insurance business
Younited – Leadership Team
Contact: invest@younited-credit.fr
14. Disclaimer
This document is intended for professional investors. It is designed exclusively for information purposes. It does not constitute a
contractual element, or an offer or an incentive for investment, nor an offer to buy or personal advice. It can not be considered
a solicitation or canvassing. Subject to compliance with its obligations, Younited will not be liable for the financial consequences
of any nature whatsoever resulting from the investment
Data contained in this document are not contractual or certified. Responsibility for Younited can not be held by a decision taken
on the basis of this information. Past and projected performance is not a reliable indicator of future performance. They are not
constant over time and are not subject to any guarantee. The estimates and forecasts of default rates and performance bonds
are the result of simulations were carried out in good faith by Younited for information only. They are based on various
scenarios selected by Younited by the estimated borrowers when they were made and historical data in no way prejudices the
future evolution of the actual performance of obligations rate defaults. Younited accepts no liability (i) for the relevance,
correctness or timeliness of these estimates, the latter having no contractual value and (ii) any error or omission in their
computing or dissemination. Younited or any of its officers or employees shall not be held liable for any loss arising directly or
indirectly from the consultation or use of these estimates
The general regulations and the supplementary regulations of the SPV Younited are provided to subscribers prior to the
subscription and available on request
Subscribers must consider the degree of exposure to different risks in terms of their overall allocation and their individual
situation. They can also see if they consider it necessary, their own, legal advice, financial, tax, accounting or other professional