Members of WiseAlpha invest in WiseAlpha Participation Note(s), or “Note(s),” which reference and are backed by specific senior secured loans or bonds that WiseAlpha Limited acquires. The Note reflects the key economic terms of the specific underlying loan or bond with the company. WiseAlpha Notes have similar charachteristics to a bond or debenture.
References on the WiseAlpha platform to senior secured/high yield loans or bonds purchased by members are actually the Notes referencing individual senior secured/high yield loans or bonds. If you hold Notes in your WiseAlpha account, WiseAlpha will distribute to you your pro rata portion of the principal and interest payments, if any, that WiseAlpha receives from borrowers via their agent banks on the corresponding loans or bonds, net of its 1.00% annual Services Fee.