Contract notes are issued through the platform where the Investors and Issuer (SME) are contractual parties to each note. MoolahSense is not a party to the contract. These contract notes are enforceable in Singapore. Each contract is formed after a process of offer and acceptance occurring electronically on the platform.
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What is MoolahSense’s role to both Investors and the Issuer (SME)?
MoolahSense’s principal role is to: Perform introductory functions on behalf of prospective Issuers and Investors for the issuance of notes. Provide a streamlined process for the issuance of notes (including the development of standard contract ...
What happens if MoolahSense goes out of business?
MoolahSense has put in place comprehensive arrangements so that in the event that MoolahSense goes out of business, the notes that have been successfully issued on the platform will be unaffected and investors will continue to receive their monthly ...
Is MoolahSense regulated by the MAS?
Yes, MoolahSense is regulated by the Monetary Authority of Singapore (MAS). We have been issued with a Capital Markets Services License (No. CMS100568-1) on 11 November 2016. Prior to launching our platform in November 2014, MoolahSense had consulted ...