Bond for Institutions has a fairly simple and straightforward onboarding process for borrowers. There are 7 steps.
Create an account on the Solv platform and provide basic information of your organization.
A member of the Solv team will reach out to discuss your specific borrowing needs and gather any further information to proceed with KYC/AML for onboarding purposes.
Once onboarded, complete a bond issuance Request Form on the Solv platform, including information such as loan amount, borrowed asset, collateral asset, collateral percentage, loan tenor, APR, and payment frequency.
Once the Request Form is received, the Solv's decision-making team will begin thorough due diligence for the request. This includes investigations into the credit profile of the borrower and the bond terms. Note that bringing a third-party independent service provider (including, but not limited to, insurance, guarantor, custody partner, or any combination) is a viable option that a borrower can take on as a credit enhancement measure.
Once the due diligence is completed, the relevant information about the bond will be made accessible by all lenders through the Bond Market.
Lenders who have invested in the bond will receive a Bond Voucher to represent their claim to the repayment at expiry, including the principal and any accrued interest.