Definition
The risk when the borrower is insolvent and not making scheduled payments.
Risk Minimization
- Building an effective appraisal and evaluation system to screen out reputable and good SME and business households
- Experience in loan collection and partnership with debt recovery companies
- Encourage investors to diversify by investing in many different loans
- All business owners are required to buy Term life insurance.
Definition
The risk when the borrower pays after the scheduled payment date.
Risk Minimization
- Late Principal payment penalty fee or late interest payment penalty fee will be applied. These Penalty Fees to be paid to the Investor after collection
Definition
The risk of loss from having uninvested money in your account. This can occur when a borrower or lending company repays the loan early.
Risk Minimization
- Setting up an automatic investment tool (Auto Invest) allows investors to set limits or choose preferred industries and types of businesses. After setting, Lendbiz Robots will be activated to automatically search and invest for Investors
Definition
The risk that Lendbiz’s data is hacked or Investor’s data is stolen.
Risk Minimization
- Build a secured and safe data system with 3-layer architecture with firewall protection. Data is backed up daily in real time
- The data exchanged between the customer and the online trading system is encrypted on the transmission line with SSL protocol, using the certificate of GlobalSign
- Investors will be locked out after 5 incorrect login attempts. Use 2-layer password including user password and Captcha code to prevent password detection programs
Definition
The risk that Lendbiz goes out of business.
Risk Minimization
- Lendbiz has sufficient financial, technological and human resources to ensure the stable, continuous and safe operation of the Platform
- In case Lendbiz faces operational risks, investments in Lendbiz will be transferred to the appointed Law Office to ensure the interests of Investors
- In all cases, the Investor retains ownership of his investment
- Investment data is always
Definition
The risk of a decline in the value of an investment. This includes events such as an economic downturn, a financial crisis, exchange rate fluctuation, or prolonged epidemic
Risk Minimization
- Encourage Investors to allocate capital into different asset classes
- Allows the Investor to divest by reselling his investment when necessary
