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We charge fees based on the volume of securities (i.e total issuance amount) that are issued through our platform. Our fees are structured on a sliding scale (see the table below), with the rate decreasing as the volume of securities increases. The first year fee is a flat rate, each subsequent one is annualized.
For the first year, the minimal fee of 6500 USDC/EUROe is applicable.
Collateral fee is applicable to secured issuances only and charged in the same way as issuance fee.
If borrowers make use of the rating service offered through Credora, charges will incur for the rating data that is provided to the marketplace. In this case, the Credora fee is 15 b.p. on an Act/360 annualized basis.
Fees are due when claiming financing on a successful issuance and will be deducted from the issuance proceeds. You can see the indication of fees during the creation process. The final invoice is sent when the issuance succeeds.
There are no fees incurred for unsuccessful book-building programs.