What happens if investors have not provided an IBAN?

What happens if investors have not provided an IBAN?

Investors who have not provided an IBAN cannot receive cash interest payments.

CONDA Capital contacts the respective investors and asks them to provide their IBAN.

How should we plan the interest payment?

As the issuer, you should plan the interest payment in two tranches:
  1. Tranche 1: Interest payments for investors with a verified IBAN.
  2. Tranche 2: Interest payments for investors who subsequently provided their IBAN.
Info
The proportion of investors with a missing IBAN is typically low, but should nevertheless be taken into account when planning the interest payment.