These pages are intended to inform investors about how the platform works for them. The first page will offer a brief introduction with a summary of what our platform is likely to be offering to investors.
Our initial ideas may well have to be changed after we start to get feedback from potential investors. At this stage we are thinking of offering minimum ‘bonds’ of EUR 10,000. Investors who want to subscribe to these bonds will have a number of fixed ‘options’ to choose from: duration of the loan, payment period (monthly, quarterly, annually), etc. Each bond will have to be signed by both the borrower and the lender before it becomes legally binding.
The role of P2P4U as intermediary also has to be carefully worked out before we publish these pages.
If money transfers are to be channeled via P2P4U – for instance, if the investment sum is to be distributed to more than one borrower or if the repayments to the investor have to be collected from more than one borrower – then we will need to implement an administrative system which will provide watertight guarantees to both investors and pilots that the payment transfers will be executed correctly. Any money held by us will have to be channeled through a bank account which does not form part of our assets (for instance in an account held in trust by a notary public) and would not be available to our creditors in the event of our insolvency.
The payment protection insurance scheme (PPI) will also have to be carefully worked out – either through our chosen insurance company or by a PPI fund created by ourselves – before we present this scheme in these pages.
There are a lot of legal issues and practical administrative issues which have to be settled before these pages can be published in the website. Ideally P2P4U will remain active purely as an intermediary on a non-profit basis. But if administrative charges turn out to be unavoidable – for instance if we are required to lodge legal documents, pay costs to a notary public for maintaining an account for channeling payments or pay a subscription to the AFM (the Dutch government body responsible for monitoring all financial institutions) – then this should be notified in advance to all our members.