All products (“Product” or “Products”) are prepared and issued by the sub-fund. The sub-fund is part of an umbrella Variable Capital Company (“VCC”) incorporated under the laws of Singapore. Pursuant to s.46(1) of the Variable Capital Company Act 2018 (VCC Act), the VCC is managed by Namara Wealth Advisors Pte. Ltd. (“Namara”). As per the requirements set forth in s.46(2)(a) and (b) of the VCC Act, Namara is authorized and regulated by the Monetary Authority of Singapore (“MAS”) as a Capital Markets Services License (License No. CMS100597) holder under the Securities and Futures Act of Singapore Act (SFA, Cap.289) to conduct regulated activities in Fund Management.
All products (“Product” or “Products”) provide No redemption Guarantee. Investors should note that this is subject to the credit risk of Issuer as applicable (See “Credit Risk” below)
To the extent that any Product references a reference rate, prospective investors should understand (i) what fallbacks might apply in place of such reference rate (if any), (ii) when those fallbacks will be triggered and (iii) what amendment rights (if any) exist under the terms of such products.
Various factors may influence the market value of the Products including the performance of the Underlyings. Prospective investors should understand that although the products do not create an actual interest in the Underlying, the return on the Products may attract the same risks as an actual investment in the Underlying.
The investment characteristics of digital assets (which term includes, but is not limited to, virtual currencies, cryptocurrencies, digital coins and tokens), generally differfrom those of traditional currencies, commodities or securities. Importantly, digital assets are not backed by a central bank but instead are market-based: a digital asset’s value is determined by (and fluctuates often, according to) supply and demand factors, the number of merchants that accept it, and the value that various market participants place on it through their mutual agreement.
As a relatively new product and technology, Digital Assets are not yet widely adopted as a means of payment for goods and services. Banks and other established financial institutions may refuse to process fund for Digital Asset transactions, process wire transfers to or from Digital Asset exchanges, Digital Asset-related companies or service providers, or maintain accounts for persons or entities transacting in Digital Assets. Market capitalization for Digital Assets as a medium of exchange and payment method may always be low. Further, a Digital Asset’s use as an international currency may be hindered by the fact that it may not be considered as a legitimate means of payment or legal tender in some
jurisdictions. To date, speculators and investors seeking to profit from either short- or long-term holding of Digital Assets drive much of the demand for it, and competitive products may develop which compete for market share.
The growth and use of Digital Assets generally is subject to a high degree of uncertainty. Indeed, the future of the industry likely depends on several factors, including, but not limited to: (a) economic and regulatory conditions relating to both fiat currencies and Digital Assets; (b) government regulation of the use of and access to Digital Assets; (c) government regulation of Digital Asset service providers, administrators or exchanges; and (d) the domestic and global market demand for—and availability of— other forms of Digital Asset or payment methods. Any slowing or stopping of the development or acceptance of Digital Assets or a Digital Asset network may adversely affect an investment in the Product.
The value of the Product relates directly to the value of the Digital Assets held directly or indirectly by the Product, and fluctuations in the price of Digital Assets could materially and adversely affect an investment in the Product. Several factors may affect the price of Digital Assets, including: the total number of cryptocurrencies in existence; global demand; global supply; investors’ expectations with respect to the rate of inflation of fiat currencies; investors’ expectations with respect to the rate of deflation of cryptocurrencies; interest rates; currency exchange rates, including the rates at which cryptocurrencies may be exchanged for fiat currencies; fiat currency withdrawal and deposit policies of cryptocurrency exchanges and liquidity of such cryptocurrency exchanges; interruptions in service from or failures of major cryptocurrency exchanges; cyber theft of cryptocurrencies from online digital wallet providers, or news of such theft from such providers or from individuals’ digital wallets; investment and trading activities of large investors; monetary policies of governments, trade restrictions, currency devaluations and revaluations; regulatory measures, if any, that restrict the use of cryptocurrencies as form of payment or the purchase of cryptocurrencies on the market; the availability and popularity of business that provide cryptocurrency-related services; the maintenance and development of the opensource software protocol of the cryptocurrency network; increased competition from other forms of cryptocurrency or payments services; global or regional political, economic or financial events and situations; expectations among cryptocurrency economy participants that the value of cryptocurrencies will soon change; and fees associated with processing a cryptocurrency transaction.
In addition, investors should be aware that there is no assurance that cryptocurrencies will maintain their long-term value in terms of future purchasing power or that the acceptance of cryptocurrency payments by mainstream retail merchants and commercial businesses will continue to grow. In the event that the price of cryptocurrencies declines, the value of an investment in the Product would decline proportionately. Transactions in cryptocurrencies may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The value of cryptocurrencies may be derived from the continued willingness of market participants to engage in cryptocurrency transactions, which may result in the potential for permanent and total loss of value of a particular cryptocurrency should the market for that cryptocurrency disappear. The nature of cryptocurrencies means that any technological difficulties experienced by trading venues may prevent the access or use of a customer’s cryptocurrencies. The nature of cryptocurrencies may lead to an increased risk of fraud or cyberattack. A cryptocurrency exchange platform may go insolvent and assets in the custody of that exchange may not be recoverable or if recoverable, may result in high legal fees associated recovery and/or delays.
Although neither the platform nor the site of the sub-fund exists as a cryptocurrency exchange platform we are exposed to the risks of a cryptocurrency platforms as tokenized investment assets comprise of both traditional and non-traditional assets.
The Products are subject to early redemption in certain circumstances, such as illegality and for tax reasons. In addition, there may be an early redemption of the Products in other circumstances, as determined by the Calculation Agent or as otherwise specified, in accordance with the terms of the Products (please see the Prospectus for further details). In such circumstances, the Products may be redeemed prior to the Maturity Date.
Investors in these Products are exposed to the credit risk of the Issuer and Guarantor as applicable. The value of the Products is not only subject to the performance of the Underlying’s but, among others, also to the credit rating and solvency of the Issuer which may be negatively affected during the term of the Products.
You should consult your tax advisor regarding all aspects of the withholding, income and estate tax consequences of an investment in the Products and any tax consequences arising under the laws. The Issuer, Calculation Agent and/or their respective affiliates are not tax advisors and do not provide tax advice. Responsibility for any tax implications of an investment in the Products rests entirely with the Investor. Investors should note that the tax treatment of the Products may differ from jurisdiction to jurisdiction.
If an event occurs which in the opinion of the Calculation Agent may have a diluting or concentrative effect on the value of the Underlyings, the Calculation Agent will have discretion to make changes to the terms of the Products to account for any such effect; and such changes may affect the value of the Products. If the Calculation Agent determines that the event will not have a diluting or concentrative effect on the value of the Underlyings, the Calculation Agent will not adjust the terms of the Products.
Borrowing to fund the purchase of the Products (leveraging) can have a significant negative impact on the value of and return on the investment. Any hypothetical examples provided herein of potential performance of the products do not take into account the effect of any leveraging. Investors considering leveraging the products should obtain further detailed information as to the applicable risks from the leverage provider. If the investor obtains leverage for the investment, the investor should make sure it has sufficient liquid assets to meet the margin requirements in the event of market movements adverse to the investor’s position. In such case, if the investor does not make the margin payments, then the investor’s investment in the Products may be liquidated with little or no notice.
An investment in the Products involves risks and should only be made after assessing the direction, timing and magnitude of potential future market changes (e.g. in the value of the Underlyings, interest rates etc.), as well as the terms and Page 4 conditions of the Products. More than one risk factor may have simultaneous effects with regard to the Products such that the effect of a particular risk factor may not be predictable. In addition, more than one risk factor may have a compounding effect, which may not be predictable. No assurance can be given as to the effect that any combination of risk factors may have on the value of the Products.
Investors should be aware that the sub fund, and other third parties that may be involved in this transaction may make or receive a fee, commission or other compensation in connection with the purchase and sale of the Products, hedging activities related to the Products and other roles involved in the transaction. Investors must note that the market value of the Products will be net of such fee and other compensation as discussed above. Early termination of the Products by the holder thereof may also involve payment by such holder of the Products of the relevant fees and other compensation.
The sub fund does not guarantee that a secondary market will exist. See also the information under Secondary Market, above.
Investors seeking to liquidate/sell positions in these Products prior to the stated Maturity Date may receive substantially less than their original purchase price. For the avoidance of doubt, The sub fund does not owe any fiduciary duty to any holder of the Products in making a market in the Products.
Exchange rate fluctuations may affect any payments under the terms of the Products. Past levels of exchange rates do not indicate future levels.
The sub fund and Namara Wealth Advisors (“NWA”) may perform various roles in relation to the Products, and each such the sub fund and Namara Entity may have a conflict of interest which arises as a consequence of the role it performs in relation to the Products or as a consequence of its activities more generally. The sub fund and NWA may owe professional and fiduciary obligations to persons other than the holders of the Products. The interests of these other persons may differ from the interests of the holders of the Products and in such situations, the sun fund and NWA may take decisions which adversely affect such holders.
Investors should note that the exposure to the Underlyings is notional and that an investment in the Products is not an investment in the Underlyings. Although the performance of the Underlyings will have an effect on the Products, the Underlyings and the Products are separate obligations of different legal entities. Investors will have no direct interest in the Underlyings.
The return on the Products will depend in large part on the evolution of the price performance of the Underlyings over the life of the Products. However, the performance of the Products may be less than or more than the price performance of the Underlyings.
Each holder of the Products may not rely on the Issuer and any of their respective affiliates in connection with its determination as to the legality of its acquisition of the Products.
Although we intend to provide accurate and timely information on the Site and during your use of the platform. The Site and other information available when using the platform may not always be entirely accurate, complete, or current and may also include technical inaccuracies or typographical errors. To continue to provide you with as complete and accurate information as possible, information may be changed or updated from time to time without notice, including, without limitation, information regarding our policies. Accordingly, you should verify all information before relying on it, and all decisions based on information contained on the Site or as part of the platform are your sole responsibility. No representation is made as to the accuracy, completeness, or appropriateness for any particular purpose of any pricing information distributed via the Site or otherwise when using the platform. Prices and pricing information may be higher or lower than prices available on platforms providing similar services.
The platform and your Digital Assets could be impacted by one or more regulatory inquiries or regulatory actions, which could impede or limit the ability of the sub-fund to continue providing certain services and, thus, could impede or limit your ability to access or use the platform.
We must comply with Applicable Law, which may require us to, upon request by government agencies, take certain actions or provide information, which may not be in your best interests and which may occur without notice to you.