Fees

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 fee rate is annualized.

For the first year, a minimal fee of 50 USDC/EUROe is applicable.

Issuance size	1st Year fee (p.a.)	2nd Year fee (p.a.)	3rd Year fee (p.a.)	4th Year fee (p.a.)	5th Year fee (p.a.)
0 - 25 million	50.0 b.p.	45.0 b.p.	40.5 b.p.	36.5 b.p.	32.8 b.p.
25 - 50 million	40.0 b.p.	36.0 b.p.	32.4 b.p.	29.2 b.p.	26.2 b.p.
50 - 75 million	30.0 b.p.	27.0 b.p.	24.3 b.p.	21.9 b.p.	19.7 b.p.
75 - 100 million	20.0 b.p.	18.0 b.p.	16.2 b.p.	14.6 b.p.	13.1 b.p.
100+ million	10.0 b.p.	9.0 b.p.	8.1 b.p.	7.3 b.p.	6.6 b.p.
Min fee	50 USDC/EUROe

Fee claiming process

Fees start accruing upon successful delivery of eNotes to the investor's wallet. Accrued fees are invoiced quarterly, covering all issuances you participated in during that period. Fees are invoiced in the currency of the issuance. Please note that fee payments must be made via traditional bank transfer — web3 / on-chain transfers are not accepted.

There are no fees incurred for unsuccessful book-building programs.