The Mintos Notes base prospectus is a document created in accordance with the Prospectus Regulation and approved by Mintos’ regulatory body. It defines Mintos-established business structures relating to lending companies, key subjects in these structures, setups of payment flow, risks, duties and responsibilities, terms and conditions, and liabilities. Each base prospectus applies to investments in Notes in a particular currency from one lending company in a given country.
The Mintos Notes base prospectus is structured as follows:
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Notes base prospectus chapter |
Purpose of the chapter |
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The glossary |
Defines subjects of the prospectus and basic terms used in the document |
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General description |
Provides descriptions of key terms used throughout the document, for example, Mintos, Notes, or repayment flows |
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Risk factors |
Detailed mapping of all possible risks related to the investment offering, for example, the financial instrument, borrowers, lending companies, issuer, regulations, and economic environment |
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General information |
Details the management of the prospectus and provides guidelines for the use of the document |
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Transaction overview |
Describes the transaction structure of the Notes which are the subject of the particular prospectus |
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The issuer |
Defines the issuer’s roles and responsibilities relating to the specific investment offering |
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Mintos |
Provides details of the company and structure of other special-purpose vehicles involved in the investment flow relating to the specific investment offering |
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The lending company |
Provides information about the lending company of the Notes’ underlying loans |
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The loans |
Provides detail about the Notes’ underlying loans |
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Terms and Conditions of the Notes |
Defines the Terms and Conditions that apply to the specific Sets of Notes |
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Taxation |
Provides a general summary of certain tax considerations for the specific Notes offered in a particular market |
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Applicable Final Terms |
Provides a template for detailed insight into a particular Set of Notes |
The Notes base prospectus is accessible from the moment the Notes are ready to be offered under that prospectus, even if no Notes are listed on the platform at the moment.
Final terms are a document that serves as an annex to the Notes base prospectus. They are created for each Set of Notes listed on the platform and provide details such as its series number, ISIN code, currency, denomination, price of each Note, issuance date, maturity, interest rate, payment date, the penalty fee, and more. In addition, the final terms also provide information about the pool of loans included in the Set of Notes, for example, loan type, disbursement currency, the total outstanding principal amount transferred to the issuer, interest rate, late payment interest, grace period, amortization method, extension possibility, limit to the number and total maximum time limit of extensions, and skin in the game. Final terms only become available once a particular Set of Notes is created (daily).