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Terms |
Definitions |
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1 |
X-month Net Interest | The total net interest that members can obtain during the contract period (X months). |
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2 |
Net Annual Interest |
The annualized net interest rate of "X-month net interest rate". Net Annual Interest = (12 months / X months) * X-month Net Interest |
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3 |
Value Date |
The starting date of the contract. |
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4 |
EXP Date |
The end of the contract for this product. Bincentive will return all principal and profits within 3 working days after the contract ends (excludes weekends and national holidays in Taiwan). |
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5 |
Min Investment Amount | The minimum amount required for subscription. |
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6 |
Settlement Cycle |
This indicates the period of which member balances are updated. Daily - Profits are sent to member wallets on Bincentive on a daily basis. Bincentive will return all principal within 3 working days after the contract ends (excludes weekends and national holidays in Taiwan). End of contract - Bincentive will return all principal and profits within 3 working days after the contract ends (excludes weekends and national holidays in Taiwan). |
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7 |
Settlement Currency |
The currency for which the contract will settle on. |
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8 |
Renewable |
This indicates whether the product can be automatically renewed. Automatic renewal - If the member agrees to automatically renew the contract, the system will automatically invest the principal into the next round. Members may cancel renewal during its current round. |
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9 |
Per Unit | After the "minimum investment amount", the amount required for each additional unit. |
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10 |
Early Redemption Currency | If the member wishes to redeem the principal investment before the contract ends, Bincentive will return an equivalent amount to the member in this currency. |
Fixed income products' related terms.
