How are investors protected in the event of cessation of business?

Modified on Thu, 28 Jul 2022 at 12:17 PM

In the event of any voluntary or involuntary cessation of business at Validus’ end, a proper business cessation plan to protect investors are as stated below:

1. Communication to all investors
All investors registered on our platform will be updated on Validus’ business cessation situation prior to its occurrence. Initial communication will be done through circulation of an official email, where further queries following that can be redirected to our IR team:

Any communication after the cessation will be directed to/handled by Vistra Corporate Trust (Singapore) Ltd (“VISTRA”).

2. Handling of investors’ monies and future repayments
All funds invested through Validus’ platform is kept secure with our escrow agent, VISTRA. Investors whose funds are not being invested in any loan transactions will be able to proceed with a full withdrawal. For investors whose portion of funds are being invested in outstanding loan transactions, only withdrawal on the remaining funds will be available.

With regards to funds being invested in outstanding loan transactions, VISTRA will serve as the future point of contact and investors may liaise with them regarding the future principal and interest repayments due for each outstanding loan transaction. The preceding statement applies to defaulted loans as well, recovery options/procedures will be arranged by VISTRA.

3. Investor agreements and documents
All physical or electronic documents pertaining to investor KYC, AI status, loan agreements, and other relevant information will be placed in the custody of VISTRA where investors will be granted full access to documents they were authorized to previously.

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