|
Terms |
Definitions |
|
|
1 |
Net APY Last Year |
The net annual percentage yield of the mixed quant strategy (fixed income + risk investment) in the most recent year (after risk investment's performance fees). |
|
2 |
Value Date |
The starting date of the contract. |
|
3 |
EXP Date |
The end of the contract for this product. Bincentive will return all principal and profits within 7 working days after the contract ends (excludes weekends and national holidays in Taiwan). |
|
4 |
Min Investment Amount |
The minimum amount required for subscription. |
|
5 |
Max Loss of the Strategy | The maximum possible loss ratio of investment principal for the mixed quant strategy. |
|
6 |
Settlement Cycle |
This indicates the period of which member balances are updated. Monthly - Profits are sent to member wallets on Bincentive on a monthly basis. Bincentive will return all principal within 7 working days after the contract ends (excludes weekends and national holidays in Taiwan). End of contract - Bincentive will return all principal and profits within 7 working days after the contract ends (excludes weekends and national holidays in Taiwan). |
|
7 |
Settlement Currency |
The currency for which the contract will settle on. |
|
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. |
|
9 |
Per Unit | After the "minimum investment amount", the amount required for each additional unit. |
|
10 |
Risk Investment Fee | The performance fee collected when the strategy makes a profit. It will be deducted directly from the stake. The % only has the risk investment portion's profit as the denominator. |
|
11 |
High Water Mark | HWM means that the performance in a settlement cycle must exceed the performance of its previous cycle before excess performance fee is charged. |
|
12 |
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. Note: For mixed quant strategies, early redemptions exclude risk investment positions. |
|
13 |
Risk Investment - Net APY Last Year |
The net annual percentage yield of the risk investment in the most recent year (after performance fees). |
|
14 |
Risk Investment - Max Drawdown |
Max Drawdown (MDD) logs the maximum negative continuous difference since the strategy went live. It helps you determine the maximum potential risk a strategy may face. The value is provided in percentages. |
|
15 |
Risk Investment - Stop Loss |
Positions will be cleared when members experience losses that meet the specified limit. To protect your investment principal and avoid continuous losses, stop loss settings are based on current and historical orders of your subscribed strategy. |
Mixed quant products' related terms.
