4AX Debt Services Company ('4AX DSCo'), has set up a marketplace structure for company debt. The marketplace consists of an entity structure allowing companies requiring a loan ("Borrowers") to apply for loans from participating investors ("Investors") within the 4AX DSCo digital platform ("Platform"), utilising an entity structure (4LEND) set-up to streamline and simplify the loan and investment process and reduce the operational cost of company loans. The online "marketplace" enables Investors and Borrowers to interface directly within a secure managed platform.
4LEND (Ring Fenced) Proprietary Limited (4LEND) is a separate company entity set-up by 4AX DSCo, owned by the 4LEND Trust, with a charity beneficiary (Nelson Mandela Children's fund), and governed by the 4LEND Trust Deed, to ensure the loan capital and interest is kept in a ring fenced entity separate to the operational costs of 4AX DSCo.
DSCo provide the contractually regulated services required by 4LEND to both Borrowers and Investors, including documentation generation, debt origination, credit scoring, borrowing, investing, collections, payments, financial account management and debt collection activities.
The Borrower requires a loan and may apply for a loan ("Loan") from 4LEND, by following the services and standard procedures of the Platform. The Investor may agree to provide an investment ("Investment") into the loan to the Borrower, via the services provided by the Platform. The loan may be provided, subject to the unconditional commitment from Investors of associated linked Participatory Notes on the 4AX Debt Services Platform.
There is a Loan Agreement and Participation Agreement required to be signed by Borrowers and Investors respectively, where the Parties record the agreed terms and conditions for such provision of funding and matters related thereto.
The Issuer is 4LEND, a bankruptcy remote and ring-fenced company. Each Participating Investor acquires a direct interest (on a "look through" basis) to its percentage participation in a Loan; accordingly, no Participating Investor can have recourse against another Participating Investor's claims. Participating Investors participate in the economic benefits and risks of a particular loan by purchasing a percentage of the economic benefits or loan proceeds from the Issuer ("Economic Interest") which is evidenced by a Participation Note.
The Participation Agreement sets out the high-level terms and structure of the investments into 4LEND. The Participating Investor does not acquire a claim against the borrower, thereby avoiding the administrative burdens which ordinarily flow from being a lender, such as the finding of suitable borrowers, the collection of payments, the calculation of payments and managing defaulting borrowers.
The Participation Note sets out the terms of each investment, including participation percentage which a Participating Investor acquires from the Issuer in respect of the loan proceeds.
Borrowers benefit from having available a number of Participating Investors to potentially fund the loan. Borrowers also benefit for an 'aggregation' of interest rates into a single blended rate. This financing structure means that borrowers interact with a single entity (4LEND) while gaining access to a marketplace of opportunity, without having to deal directly or negotiate with potential investors.
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4AX DSCo grants you a limited, revocable license to use this website subject to the Terms. The license is a personal, nontransferable, non-sublicensable, revocable license to access and use the website only as expressly permitted in these Website Terms and Conditions of Use. Except for this limited license, we do not grant you any other rights or license with respect to this website.
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Modify, translate into any language or computer language, or create derivative works from, any content or any part of this website;
Reverse engineer any part of this website;
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No delay, neglect or forbearance on the part of 4AX DSCo in enforcing any of their rights under the Website Terms and Conditions of Use will be, or be deemed to be, a waiver and it will not prejudice any right of 4AX DSCo.
If any of the Website Terms and Conditions of Use is held to be unenforceable, illegal or in some other way invalid, the unenforceable, illegal or invalid provision will be deemed to be severable and will not affect the remainder of the Website Terms and Conditions of Use which will continue to be of full force and effect.
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