Non-readily Realisable Security

These are regarded as illiquid, hard-to-price securities for which there is no or only a limited secondary market. This classification is used by the FCA in order to limit ‘restricted’ or ‘standard’ investors from certifying they will only invest up to 10% of their net assets in these types of securities. Currently investments on the wiseAlpha platform are categorised as such, although we believe this categorisation should change in the future. As a comparison unsecured P2P loans to small business with a higher risk profile do not suffer from this restriction.

Investing in wiseAlpha Notes involves risks including potential illiquidity and loss of investment. Our Notes are not deposit based or capital protected and are not covered by the Financial Services Compensation Scheme.The interest rate on our products is not comparable to that of a bank savings account. See Risk Statement.

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