Process and Procedures
- Compliance
Any and all potential Projects are required to provide us with the following information before formal engagement:
1.1 Project Executive Summary + Full Financial Feasibility
1.2 Client Information Sheet (CIS) together with any pertinent Company / Trust documentation and Passport copies of the Directors
1.3 Proof of Funds (POF) – proof of availability of ‘Commitment Fee’ [This fee is used to cover Bank Custodial Fees / Transfer Agent Fess / Listing Fees on Euroclear and will vary depending on the total face value of bonds required to be issued for the Project funding.
- Due Diligence & Acceptance of the Project for Funding
2.1 A full Review of the Project is conducted by Pearl Wealth
2.2 If accepted an ‘in-house’ decision is made as to the structure of the funding that will be provided to the Project and the terms and conditions thereof.
The Funding provided will be either:
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- Equity / Loan / Convertible Loan / Profit Share (Revenue Model)
2.3 Signing of Term Sheet – a Term Sheet setting out the full details of the proposed funding together with the timelines thereof will be signed by the Project.
Timeline 5 -7 Business Days for completion of this Phase.
- Establishment & Allocation
3.1 Project Funding Agreement + Board Resolution
Formal Agreement extrapolated from the Term Sheet to be signed by both parties together with the necessary Board Resolution(s) required to activate the funding process.
3.2 Confirmation Letter
In principle formal letter to the Project confirming that the bonds have been secured and allocated to the Project
3.3 Payment of Commitment Amount
Project to transfer the agreed ‘Commitment Amount’ into the nominated Bank account of Pearl Wealth (within 48 hours of signing of the Project Funding Agreement).
3.4 Set up of the Project Special Purpose Vehicle (SPV)
Each Project will be established under an SPV unless the Project Company has numerous projects, in which case all the Projects may be housed under one ‘HoldCo’ SPV
Timeline – 14 Business Days
- Bond Allocation and Movement
The Bonds allocated to the Project for funding purpose are moved internally by Pearl Wealth to the 3rd party rated Custodial Bank
Timeline 7 – 10 Business Days
- Activation of Insurance Cover & Credit Enhancement
Internal process conducted in-house by Pearl Wealth
Timeline 14 Business Days
- Initial Drawdown of Project Funding
Provision of the first drawdown funding amount for the Project as per the Project Funding Agreement
Timeline 5 – 7 Business Days
- Project Funding
The balance of the Project Funding will be provided according to agreed drawdown schedule as per the Project Funding Agreement
Timeline – ongoing
Ready to take the next step? Please submit your information through the form below and we will be in touch shortly.