Orders inserted in the Trading Platform but not executed yet on the Market.
Document prepared by the Issuer, requested by the Stock Exchange for the Listing of the Bond, containing all information relative to the issue (e.g. terms of the loan, Issuer’s financial statements).
Statistical method developed to estimate the Initial Player Value. The Algorithm estimates the value of the players based exclusively on the clubs’ and players’ historical statistics.
Average Weighted Purchase Price (AWPP)
Average cost of acquisition of the Bonds based on weighing the purchase prices according to the corresponding amounts purchased.
It’s a financial product disciplined by the Issuer’s local legislation. The Subscriber of a Bond finances the issuing company, which issues Bonds to collect liquidity destined to the achievement of a specific goal. The Bond’s Subscribers have the right to be reimbursed at Expiry (or earlier should specific conditions occur) and receive a variable Interest linked to the players’ and the club’s performance.
Entity licensed to match and execute buy and sell orders between investors.
It occurs when the sale price of the player to another Club is higher than the Initial Player Value determined at the time of the Bond issue.
Delivery versus Payment
Delivery of the purchased Bond in the user’s portfolio once the payment for the Bond by the user has been processed.
Date of expiry of the Bond where the Issuer reimburses the Nominal Value to the Bondholders.
Entity that guarantees the reimbursement of the Bond at expiry (or earlier) to the Bondholders.
Also known as coupon, it refers to the annual variable interest paid to investors by the Issuer as a remuneration for the investment made in the Bond issue.
Current value of the Bonds held in the Portfolio valued at Market Price.
Initial Player Value
Estimated value of the Player at the date of issue by applying the Algorithm. In the event of sale of the player before the expiry of the Bond, the Initial Player Value will be compared to the transfer price of the player. Should the latter be higher than the initial value, the club will generate a capital gain and the bondholders’ bonus will materialize.
The company that issues the Bonds and receives the financing from the investors. The Issuer can be the Club itself or one of its subsidiaries.
Admission of a Bond to trading on the Stock Exchange where it is freely tradable.