Financial law

KBRA Assigns Preliminary Ratings to Loanpal Solar Loan 2020-2 Ltd. and Loanpal Solar Loan 2020-2 LLC

Friday, July 10, 2020 - 11:58pm

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Loanpal Solar Loan 2020-2 Ltd. and Loanpal Solar Loan 2020-2 LLC (LPSLT 2020-2-GF), an asset-backed securitization collateralized by a pool of residential solar loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Loanpal Solar Loan 2020-2 Ltd. and Loanpal Solar Loan 2020-2 LLC (LPSLT 2020-2-GF), an asset-backed securitization collateralized by a pool of residential solar loans.
  • The review did not result in Watch Placements on any existing KBRA transaction ratings.
  • Loanpal, LLC (Loanpal or the Company) was incorporated in California in 2003 to provide residential mortgage loans.
  • KBRA also conducted an operational assessment of Loanpal, as well as a review of the transactions legal structure and transaction documents.

Form 8.3 - The Vanguard Group, Inc.: Willis Towers Watson plc

Friday, July 10, 2020 - 3:03pm

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.

Form 8.3 - The Vanguard Group, Inc.: Aon plc

Friday, July 10, 2020 - 3:03pm

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.

OKChain Testnet Updates to v0.10.9, Spot Leverage Trading and OpenDEX-Desktop Go Live

Friday, July 10, 2020 - 12:02pm

VALLETTA, Malta, July 10, 2020 /PRNewswire/ -- OKChain testnet , the commercial public chain developed by OKEx ( www.okex.com ), a world-leading cryptocurrency spot and derivatives exchange, has recently updated to v0.10.9.

Key Points: 
  • VALLETTA, Malta, July 10, 2020 /PRNewswire/ -- OKChain testnet , the commercial public chain developed by OKEx ( www.okex.com ), a world-leading cryptocurrency spot and derivatives exchange, has recently updated to v0.10.9.
  • At the same time, the OpenDEX-Desktop and UI have gone open-source while the spot leverage trading function has reached 100% completion and OKChainSWAP's model design has also been completed.
  • One of the most eye-catching updates is the spot leverage trading function.
  • We provide spot and derivatives trading including futures, perpetual swap and options of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

Komet Announces Shares for Debt Transaction

Thursday, July 9, 2020 - 8:29pm

MONTREAL, July 09, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) (TSX-V: KMT) announces today that its board of directors has approved the settlement of $2,556,718of debts through the issuance of common shares of the Corporation (the "Debt Settlement").

Key Points: 
  • MONTREAL, July 09, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) (TSX-V: KMT) announces today that its board of directors has approved the settlement of $2,556,718of debts through the issuance of common shares of the Corporation (the "Debt Settlement").
  • The creditor eligible to receive common shares as part of the shares for debt transaction is considered a related party of the Corporation within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101).
  • The shares for debt transaction is exempt from the valuation requirement and the minority approval requirement prescribed in MI 61-101 based on the fact that the fair market value of the related party participation in the shares for debt transaction does not exceed 25% of the Corporations market capitalization.
  • Shares issued as part of the shares for debt transaction will be subject to a statutory four-month hold period until November 10, 2020.

KBRA Assigns Preliminary Ratings to FHF Trust 2020-1

Thursday, July 9, 2020 - 6:11pm

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by FHF Trust 2020-1 (FHF 2020-1 or the Issuer), a subprime auto loan asset-backed securities transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by FHF Trust 2020-1 (FHF 2020-1 or the Issuer), a subprime auto loan asset-backed securities transaction.
  • FHF 2020-1 represents the first rated term ABS securitization for the First Help Financial, LLC (FHF or the Company).
  • The ratings reflect initial credit enhancement levels ranging from 30.00% for the Class A notes to 6.50% for the Class C notes.
  • FHF is a subprime auto finance company with headquarters in Newton, Massachusetts and a satellite office in Phoenix Arizona.

Form 8.3 - The Vanguard Group, Inc.: Willis Towers Watson plc

Thursday, July 9, 2020 - 3:09pm

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.

Form 8.3 - The Vanguard Group, Inc.: Aon plc

Thursday, July 9, 2020 - 3:09pm

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.

A New Early Warning System for Business Lenders: Menerva Software’s TRaiCE Transforms Flawed Portfolio Monitoring Systems

Thursday, July 9, 2020 - 2:16pm

Menerva Software has released TRaiCE: An AI-based early warning system for business lenders to address flaws in Portfolio Monitoring.

Key Points: 
  • Menerva Software has released TRaiCE: An AI-based early warning system for business lenders to address flaws in Portfolio Monitoring.
  • Rather than replacing what currently exists, TRaiCE augments lenders data, allowing for aggregated past trend analysis and prediction for future losses.
  • With the current global economic crisis, TRaiCEs risk mitigation fills a crucial gap in many financial institutions currently inefficient approach to portfolio management, said Geetha Ramaswamy, Co-Founder and CTO of Menerva Software.
  • Far from a risk mitigation software, TRaiCE highlights pre-approval opportunities, like automatic credit line renewals, for clients in good standing.

Rapyd Launches All-In-One Payment Integrated Solution in Mexico

Thursday, July 9, 2020 - 2:00pm

MEXICO CITY and MOUNTAIN VIEW, Calif., July 9, 2020 /PRNewswire/ -- Rapyd, a global Fintech as a Service company, announced today the launch of a single "full-stack" integrated local payment solution in Mexico, allowing local and global companies access to every local payment method through one convenient API, contract, and reconciliation service.

Key Points: 
  • MEXICO CITY and MOUNTAIN VIEW, Calif., July 9, 2020 /PRNewswire/ -- Rapyd, a global Fintech as a Service company, announced today the launch of a single "full-stack" integrated local payment solution in Mexico, allowing local and global companies access to every local payment method through one convenient API, contract, and reconciliation service.
  • The addition of full-stack payment services in Mexico brings together previously disparate and fragmented local payment capabilities into one, powerful platform, eliminating the need for businesses to create ad hoc payment programs and dramatically streamlining their payment capabilities.
  • This offers businesses in Mexico, and globally, an all-in-one payment solution to support business expansion and provide expansion opportunities as market dynamics evolve.
  • The Rapyd platform is unifying fragmented payment systems worldwide by bringing together 900-plus payment methods in over 100 countries.