Secured Bond

• 

  Submit application online

• 

  Our representative will contact you within 24 hours

• 

  Submit required documents like KYC, Demat details, Bank proof for transaction

• 

  Verification & Transfer of funds

• 

  Transfer of Bonds:
  For more than 20 units, same day transfer. Else, credited to demat account the next day.

Soft copies of basic KYC documents will be required as mentioned below, there will be no application form to be signed

• a)
  Self-Attested Pan Card
• b)
  Self- Attested Address Proof ( Aadhar/Passport / Utility Bill )
• c)
  Demat proof (CML Copy)- CML copy can be taken from respective Depository
• d)
  Bank Proof (with A/c number & IFSC details). Bank proofs can be: Cancelled Cheque leaf/ Bank statement with IFSC details

Eligibility Criteria for the Hypothecated Receivables:

Each asset provided as security must comply with the portfolio origination criteria below:

• All applicable "know your customer" requirements prescribed by the RBI have be complied with;
• The receivables are existing at the time of selection and have not been terminated or pre-paid;
• The receivables have not been restructured or rescheduled and are “current” loan i.e. less than 0 (zero) dpd.
• Each client loans must satisfy the Issuer's credit and underwriting policies, including credit referencing agency checks where commonly used;
• Each client loan must be directly originated by the Issuer and not loans purchased from a third party;
• Each asset shall be current on the books of Issuer
• Loans must have been given to individual borrowers.
• Loans must be unencumbered (other than under the Transaction Documents) and not sold or assigned by the Company.
• Maximum ticket size per Loan/borrower should be INR 1,000,000/-,
• No loans should have tenure of more than 18 months.

Non-Eligible receivables shall be replaced with fresh portfolio of same amount within 30 calendar days from the day they become Ineligible.

• Credit Risk – Credit Risk is the possibility of a loss resulting from a borrower’s failure to meet the repayment obligations (principal or interest). If the invested principal amount is not recoverable because of the NBFC declaring bankruptcy, the NBFC will enter into bankruptcy proceedings. It is pertinent to note that the credit risk increases as the tenure of the bond increases. In SLICE paper, the tenor is kept at 1 year 2 days to mitigate the risk with 60% of the principal will be receivable within first 2 quarters. Also, the securities are guaranteed by Corporate Guarantee of the parent and Security coverage of 1.2x times of the receivables.
• Liquidity Risk – Liquidity risk, from an investor perspective, is the inability to sell-off / exit the investments at the discretion of the investor. Since SLICE paper is unlisted securities, sell -off within 1 year will have less options.
• Fraud Risk – Fraud risk from the perspective of existence of the collateral offered. This may act as an impediment for recovery of loans
• Regulatory changes – Any change in tax rates may alter the returns promised to the investor. Also, an introduction of a new regulation or amendment of existing regulation may have a positive or negative impact on the Company’s financial performance.

Bonds Issuing NBFC: Quadrillion Finance Private Limited (Slice)
https://www.sliceit.com/

Trustees to the Issuance: Catalyst Trusteeship Limited

Corporantor Guarantor: Garagepreneurs Internet Private Limited

Links:

• Rating Rationale Link