DBS

4 CONTENTS INTRODUCTION MARKET UPDATE THE INVESTMENT CASE 07 WHY NOW? 10 TERMS, ISSUERS & ASSETS 11 SELF-PROMOTED BONDS, LOAN NOTES AND DEBENTURES 13 INTERMEDIARY AUTHORISATION 16 CROWDFUNDED BONDS, DEBENTURES AND LOAN NOTES 17 DISTINCTIONS 20 TYPICAL TERMS 21 LEGAL AND REGULATORY STATUS 24 UNDERLYING ASSETS 28 WHY INVEST? 29 DEFINED EXIT/ UNCORRELATED TO MAINSTREAM EQUITY 30 ENGAGING/ EASY TO ACCESS & DIVERSIFY 31 NEW IFISA WRAPPER Intelligent Partnership is committed to the very highest professional standards as embodied by its accreditation and membership to these industry associations. * Please note: unless otherwise stated, all charts and graphs have been provided by Intelligent Partnership ACKNOWLEDGEMENTS: Thank you to Gillian Roche-Saunders of Bates Wells Braithwaite for compliance support in the production of this report.