Enabling The Growth of P2P Finance - Simon Deane-JohnsSimon Deane-Johns
Summarising recent a recent submission to the UK government consultation on non-bank finance for small businesses, and the government's response to that consultation. A summary of the ensuing discussion is here: http://sdj-thefineprint.blogspot.co.uk/2012/03/financial-innovation-federation.html
We deliver leased/purchased Bank Guarantee & Standby Letter of Credit , fresh cut issuance by Barclays Bank UK, Royal Bank of Scotland to Organisations or individuals with their preferred text verbiage approved by your bank as a standard ICC formats (Appendix A) and its Unconditionally Transferable, Assignable, Callable and Authentication Verifiable bank to bank. Our terms and procedures are so flexible and workable by RWA clients who can use our instrument for viable business transactions, i.e., cash back facilities, Credit enhancement, PPP and project funding, real estate, construction etc.
Enabling The Growth of P2P Finance - Simon Deane-JohnsSimon Deane-Johns
Summarising recent a recent submission to the UK government consultation on non-bank finance for small businesses, and the government's response to that consultation. A summary of the ensuing discussion is here: http://sdj-thefineprint.blogspot.co.uk/2012/03/financial-innovation-federation.html
We deliver leased/purchased Bank Guarantee & Standby Letter of Credit , fresh cut issuance by Barclays Bank UK, Royal Bank of Scotland to Organisations or individuals with their preferred text verbiage approved by your bank as a standard ICC formats (Appendix A) and its Unconditionally Transferable, Assignable, Callable and Authentication Verifiable bank to bank. Our terms and procedures are so flexible and workable by RWA clients who can use our instrument for viable business transactions, i.e., cash back facilities, Credit enhancement, PPP and project funding, real estate, construction etc.
Many business ideas and infrastructure projects require a large amount of capital in order to become operational. Initial coin offerings (ICOs) have enjoyed much hype - and scepticism - as a means of generating capital. Drawing on experience from the energy sector, we present an overview of the pros and cons of ICOs as an alternative project finance mechanism to established approaches such as loans, bonds, and venture capital.
Creditor\'s Rights and Bankruptcy Issues in Real Estate Lawterigrasmussen
Discusses how creditors should deal with a recently filed case, the automatic stay, leasing, use and sale of assets, and nonbankruptcy remedies available to creditors, including receiverships, foreclosures, creditors\' bill, charging order, and assignments for the benefit of creditors
Key Bankruptcy Considerations Heading into a RecessionQuarles & Brady
As the impact of the COVID-19 pandemic continues to evolve, US businesses are already feeling the impact of a potential economic downturn. Presenters will discuss key considerations that may present themselves in the event of a recession, including modification and forbearance agreements, amendment/default scenarios, risks regarding "slow pay" and termination of key contracts, and priority rights of suppliers in bankruptcy, as well as implications of the Small Business Bankruptcy Act for potential debtors.
How crypto tokens qualify under swiss law a comprehensive frameworkRonald Kogens
HOW CRYPTO-TOKENS QUALIFY UNDER SWISS LAW: A COMPREHENSIVE FRAMEWORK
Blockchain technology has become a reality as part of the digitalisationof the economy. Every day, there is proof of disruptive transformations of long-standing mechanisms into new ecosystems on the blockchain. While existing market participants are in many cases overwhelmed by the new normal, the new players operate with the greatest creativity and efficiency.
There are no limits to the new ecosystems. The blockchainoffers countless possibilities of disintermediation, of participating in and transferring assets, of recordkeeping and of creating e-commerce beyond the boundaries of national currencies. And we are only at the beginning of this transformation.
Tokens created on the blockchaincan be used to represent a wide variety of instruments and processes. For example, a new means of payment can be created or indirect rights to shares, loans or access rights can be digitised. The legal qualification of the tokens is a major challenge due to the aforementioned diversity.
The important (and not so new) principle for finding your way around in this new digital environment is: “first analyse the context, then undertake the legal classification under the rules of the existing laws.” The hybrid nature of many tokens will defy the clear categories within which the law is typically structured and any attempt to commence by looking at traditional legal instruments and impose them on the tokens of the new ecosystems will therefore fail. Instead each token has to be taken apart and its components must be qualified individually.
In order to bring the tokens of the new ecosystems closer to the public, FRORIEP's Disruptive Technologies Practice Group has developed a Token Framework. In doing so, a distinction is made between cryptocurrencies, tokens giving title to monetary claims and tokens for other purposes. Tokens giving title to monetary claims are further categorisedas being either debt, equity or participation rights tokens. These subcategories stem from the financial treatment of the obligations on the balance sheet or (in the case of participation rights tokens) on the profit & loss statement of the issuer.
The following diagrams show the possible functions of tokens on the blockchainand the FRORIEP Token Framework.
Proposed amendments to the financial services bill sdj 21 06 12Simon Deane-Johns
A set of amendments I was asked to prepare for a cross-party group of Peers for their review of the Financial Services Bill. Explained further on The Fine Print: http://sdj-thefineprint.blogspot.co.uk/2012/06/innovation-meets-financial-services.html
Response to the European Commission's crowdfunding consultation, previously discussed here: http://sdj-thefineprint.blogspot.co.uk/2013/10/crowdfunding-brussels-sprouts.html
My initial thoughts following discussion of the roles of participants, process flows, the developing co-regulatory environment, risks, controls and challenges. I have also included scenario diagrams covering the three types of scenarios involved. Comments welcome here: http://sdj-thefineprint.blogspot.co.uk/2012/12/midata-thoughts-no-1.html
Many business ideas and infrastructure projects require a large amount of capital in order to become operational. Initial coin offerings (ICOs) have enjoyed much hype - and scepticism - as a means of generating capital. Drawing on experience from the energy sector, we present an overview of the pros and cons of ICOs as an alternative project finance mechanism to established approaches such as loans, bonds, and venture capital.
Creditor\'s Rights and Bankruptcy Issues in Real Estate Lawterigrasmussen
Discusses how creditors should deal with a recently filed case, the automatic stay, leasing, use and sale of assets, and nonbankruptcy remedies available to creditors, including receiverships, foreclosures, creditors\' bill, charging order, and assignments for the benefit of creditors
Key Bankruptcy Considerations Heading into a RecessionQuarles & Brady
As the impact of the COVID-19 pandemic continues to evolve, US businesses are already feeling the impact of a potential economic downturn. Presenters will discuss key considerations that may present themselves in the event of a recession, including modification and forbearance agreements, amendment/default scenarios, risks regarding "slow pay" and termination of key contracts, and priority rights of suppliers in bankruptcy, as well as implications of the Small Business Bankruptcy Act for potential debtors.
How crypto tokens qualify under swiss law a comprehensive frameworkRonald Kogens
HOW CRYPTO-TOKENS QUALIFY UNDER SWISS LAW: A COMPREHENSIVE FRAMEWORK
Blockchain technology has become a reality as part of the digitalisationof the economy. Every day, there is proof of disruptive transformations of long-standing mechanisms into new ecosystems on the blockchain. While existing market participants are in many cases overwhelmed by the new normal, the new players operate with the greatest creativity and efficiency.
There are no limits to the new ecosystems. The blockchainoffers countless possibilities of disintermediation, of participating in and transferring assets, of recordkeeping and of creating e-commerce beyond the boundaries of national currencies. And we are only at the beginning of this transformation.
Tokens created on the blockchaincan be used to represent a wide variety of instruments and processes. For example, a new means of payment can be created or indirect rights to shares, loans or access rights can be digitised. The legal qualification of the tokens is a major challenge due to the aforementioned diversity.
The important (and not so new) principle for finding your way around in this new digital environment is: “first analyse the context, then undertake the legal classification under the rules of the existing laws.” The hybrid nature of many tokens will defy the clear categories within which the law is typically structured and any attempt to commence by looking at traditional legal instruments and impose them on the tokens of the new ecosystems will therefore fail. Instead each token has to be taken apart and its components must be qualified individually.
In order to bring the tokens of the new ecosystems closer to the public, FRORIEP's Disruptive Technologies Practice Group has developed a Token Framework. In doing so, a distinction is made between cryptocurrencies, tokens giving title to monetary claims and tokens for other purposes. Tokens giving title to monetary claims are further categorisedas being either debt, equity or participation rights tokens. These subcategories stem from the financial treatment of the obligations on the balance sheet or (in the case of participation rights tokens) on the profit & loss statement of the issuer.
The following diagrams show the possible functions of tokens on the blockchainand the FRORIEP Token Framework.
Proposed amendments to the financial services bill sdj 21 06 12Simon Deane-Johns
A set of amendments I was asked to prepare for a cross-party group of Peers for their review of the Financial Services Bill. Explained further on The Fine Print: http://sdj-thefineprint.blogspot.co.uk/2012/06/innovation-meets-financial-services.html
Response to the European Commission's crowdfunding consultation, previously discussed here: http://sdj-thefineprint.blogspot.co.uk/2013/10/crowdfunding-brussels-sprouts.html
My initial thoughts following discussion of the roles of participants, process flows, the developing co-regulatory environment, risks, controls and challenges. I have also included scenario diagrams covering the three types of scenarios involved. Comments welcome here: http://sdj-thefineprint.blogspot.co.uk/2012/12/midata-thoughts-no-1.html
Response to FCA crowdfunding consultation simon deane-johns - finalSimon Deane-Johns
My personal response to the UK Financial Conduct Authority's proposed rules to regulated peer-to-peer lending and crowd-investment platforms. Discussion welcome here: http://sdj-thefineprint.blogspot.co.uk/2013/12/response-to-fca-crowdfunding.html
Business implications of evolutions in privacy law mes infos 23 04 12 - simo...Simon Deane-Johns
A presentation to the Ctrl-Shift conference for MesInfos, the French equivalent of the Midata initiative to encourage businesses to make available to customers their own personal transaction data. Explained further here: http://sdj-thefineprint.blogspot.co.uk/2012/04/business-implications-of-privacy-law.html
The leveraged lending market has developed its own set of market terms and conventions, many of which do not exist outside of this market. This webinar gives a basic overview of leveraged finance credit agreements and the legal issues that arise when working on leveraged loans.
Part of the webinar series: LEVERAGED FINANCE 2021
See more at https://www.financialpoise.com/webinars/
Fund raising basics by Vipul Thakkar- Haribhakti (Jan 2012)GetEvangelized
This deck was presented by Vipul Thakkar (Haribhakti) at the first module of the funding Clinic series initiated by TiE Mumbai's Investor Forum in Jan 2012
Dodd-Frank Compliance and Technology Summer Meeting 2013Jeffrey C.Y. Li
Atlas Communications Technology recently co-sponsored the Dodd-Frank Compliance and Technology Summer Meeting. The presentation was an introduction to the complexities of the Dodd-Frank Wall Street Reform and Consumer Protection Act, what firms need to do to bring themselves into compliance, and the technology that can help enterprises meet the stringent demands of the act.
For more information about this conference, or to learn about our Fall meeting in September featuring one of the authors of the act, Congressman Jim Himes, please call 1-855-Dodd Frank (1-855-363-3372) for any questions, or if you wish to talk to one of our presenters today to talk about taking the next steps towards Dodd-Frank Compliance
Atlas Presentation 2013 07-09 dodd-frank summer meeting v1-0 (for online)
Part 3: How to ensure the success of equity funding deal in a SME business?
This is the third of the three-part learning program for a business to understand the importance of equity funding for business growth and financial turnaround. The three parts of the program are:
1. Strategic financial concepts for a promoter of technical background
2. Process of equity funding
3. Factors for success of equity funding deal
This presentation tells what are the important factors to be considered while availing funding, how every deal changes with respect to sector, location, life cycle; what are the misconceptions about equity funding, precautions during the process, success and failure factors, etc.
Peer-to-Peer Lending: How It Works, Advantages & Risks | Enterprise WiredEnterprise Wired
Peer-to-Peer lending platforms act as intermediaries, matching borrowers in need of funds with individual investors willing to lend money. These platforms operate online, facilitating transactions and managing the lending process.
Beamonte Investments is one of the world’s leading investment and advisory firm. Beamonte Investments seek to create long-term value for its investors, the portfolio companies and the companies it advises. Beamonte Investments provides various financial advisory services, including investment banking advisory, financial and strategic advisory and fund placement services. Beamonte alternative businesses includes the management the private equity funds, real estate funds and credit oriented strategies.
Similar to Regulating peer to-peer and alternative finance - sdj (20)
There are so many initiatives designed to control the digital world that I'm struggling to keep track. There is also plenty of overlap and commonality in the issues and regulatory solutions, as well as the digital environments and problems the solutions seek to address. So I put together a few slides for ready comparison. Interesting to see what leaps out.
Embedding Encouragement of Innovation Across the FCASimon Deane-Johns
My remarks to the Finance Innovation Lab workshop on "How Policy & Regulation Can Encourage Finance Innovation With a Social Purpose" hosted by the FCA on 20 March 2017
Summary of my thoughts arising from my involvement in the Midata working groups, as explained in the post here: http://sdj-thefineprint.blogspot.co.uk/2013/01/midata-thoughts-no-2.html
Alternative Finance Briefing Paper - Simon Deane-Johns 27 01 12Simon Deane-Johns
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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
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
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This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @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
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
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
Regulating peer to-peer and alternative finance - sdj
1. REGULATING
PEER-TO-PEER AND
ALTERNATIVE FINANCE
ACCA Alternative Finance Conference 2013
Simon Deane-Johns
Keystone Law
2. Agenda
• Peer-to-peer finance
– Types
– How they work
– Common features
– Operational risks and controls
• Other forms of alternative finance
– Supply chain finance
– Marketplace finance
• Regulatory barriers and options for removal
4. How P2P Finance Works
Transaction Flow
Offer/acceptance => Loan agreement
Lender Borrower
Share/debenture
Offer/acceptance => Investment agreement
Investor Entrepreneur
Platform Operator
platform agreement platform agreement
Lender/Investor’s Platform Operator’s Borrower/Entrepreneur’s
Bank Bank (Seg. Account) Bank
5. How P2P Finance Works
Funds Flow
Loan agreement
Lender Borrower
Share/debenture
Investment agreement
Transfer request
Investor Entrepreneur
Transfer request
Platform Operator
platform agreement platform agreement
Funds Transfer Disburse Loan/Investment
Funds Transfer Repayment/dividend
Lender/Investor’s Platform Operator’s Borrower/Entrepreneur’s
Bank Bank (Seg. Account) Bank
6. Common P2P Features
• Platform operator not a party to instrument agreed between participants
– Segregates participants’ funds rather than treating them as own assets;
– Margin stays with the participants;
• Online only –> low cost –> lower fees
• Low minimum commitment
– Accessible to retail customers (may be subject to questionnaire and/or cap);
– Aids diversification of small investment amounts;
– Finance from many in small amounts at outset –> no need to securitise;
• Centralised data aids risk assessment, performance analysis, enforcement
7. Standard Operational Risks
• Lack of adequate internal controls, governance
– Financial mismanagement, operator insolvency;
– Internal fraud;
– Lack of system integrity/availability;
– Lack of business continuity;
– Failure to manage/respond appropriately to customer complaints;
– Unclear, unfair or misleading promotions/communications.
• Basic credit or investment risk
• Money laundering, external Fraud
8. Common P2P Operational Controls
• Senior management systems and controls;
• Minimum working capital;
• Segregation of participants’ funds;
• Clear, fair and not misleading service terms/communications/promotions;
• Secure and reliable IT systems;
• Fair complaints handling;
• Orderly administration if platform ceases to operate;
• Appropriate risk assessment, AML and anti-fraud measures
• Extra measures appropriate to specific instruments
9. Other Forms of Alternative Finance
• Supply chain finance
– Funding the early payment of single invoices or batches of invoices
– Shifting the credit risk from supplier to buyer
– Crowd-funding individual invoices?
• Marketplace finance
– As part of end-to-end e-commerce marketplace service
– Independently of marketplace service
– Crowdfunded?
10. Regulatory Barriers - Overview
• Exclusive framework limits types of products, suppliers, intermediaries
and activities
• Reinforced by guarantee of bank liabilities, Financial Services
Compensation Scheme, personal tax rules and savings incentives
• Related silos of officials/regulators with powers focused inwardly, and
no overriding supervisory powers, responsibility or accountability for
how the ‘system’ works as a whole, either internally or in terms of
external impact
Exclusive, rigid, self-reinforcing, officially-endorsed marketing environment
creates super-normal profits for incumbents and limits innovation and
competition
11. Barriers for Platforms
• Confusion over what is lawful
– Slight change in facts has big consequences, EU Directives overlap
– Different rules for ‘promoting’ vs ‘offering’ a security;
– Unregulated operators may still face rules on public offers and promotions;
– Expensive in terms of advice + regulatory creep
– Slows time to market
• High net worth investor limits
– Limits accessible market, liquidity
• Incumbent competitors heavily subsidised
– State guarantee of bank liabilities,
– Financial Services Compensation Scheme
– personal tax rules and savings incentives
12. Barriers for Entrepreneurs
• Confusion over what is lawful
– Which platform to list on?
• High net worth investor limits
– Limits accessible market, liquidity
• Disincentives for ‘ordinary’ lenders/investors to engage with alternative
finance and diversify
– Inhibits trend towards customers directly supporting projects
– Limits accessible market, liquidity
13. Barriers for Lenders/Investors
• Confusion over what is lawful
– Lending or investing in the course of a business?
– Easier to give or gamble money away than to receive repayment with
interest or a share in the business!
• Disincentives to engage with alternative finance
– Not available via ISAs
– Can’t deduct bad debt before tax, distorting effective tax rate (unlike a bank)
– Inhibits diversification beyond cash deposits and some regulated
bonds/shares
– Deprives consumers of return on savings
14. Regulatory Options
• New regulated activity of “operating a Platform”
– Rules similar to Operating Principles of the P2PFA;
– ‘hybrid’ businesses and small firms (e.g. Payment Services)
• Specific exemptions - clarify meaning of “business” - remove EU
overlap - ease rules on promotions, offers to public via Platforms;
• Issue permissive guidance where changes can’t easily be made;
• ISA-status on instruments available via regulated Platforms;
• Remove bad debt tax distortion for instruments available via
regulated Platforms.
• Ensure framework is joined-up and permeable/responsive
15. Thank you
Twitter: @sdjohns
Blog: Pragmatist
http://sdj-pragmatist.blogspot.com
Blawg: The Fine Print
http:// sdj-thefineprint.blogspot.com