Stabilised (product provider) — trust / tokenised wrapper
Stabilised Australia Supply-Chain Finance
Beneficial interest in an Australian receivables pool. Approval status: Approved by Product Governance Committee to 2026-11-30.
Data as at 2026-08-05 01:40 UTC · Simulated provider and custodian feeds
Simulated data. Product terms, prices, balances and settlement references are placeholders pending provider, custodian and legal confirmation.
Conditional
- Australian wholesale client test evidence required
- Valuation as at 31 Jul 2026 — stale under 15-day policy
Terms and economics
- Legal wrapper
- Trust, note or tokenised wrapper placeholder
- Nature of investor interest
- Beneficial interest in an Australian receivables pool
- Economic exposure
- Australian receivables and supply-chain finance exposure
- Target return / yield
- Yield placeholder — indicative 7.1% gross, not guaranteed
- Tenor
- Short duration; average invoice tenor 62 days
- Liquidity
- Monthly dealing with 30-day notice
- Dealing cycle
- Monthly, last business day
- Distribution policy
- Monthly cash flow distribution in approved currency
- Fees
- Provider fee placeholder 0.95% p.a.; platform fee 0.10%
- Minimum
- USD 300,000
- Settlement assets
- USDC, HKD stablecoin / stablepoint
- FX / conversion route
- HKD stablepoint → USDC conversion leg where HKD funding is used.
- Capacity
- USD 12,000,000 remaining
- Quote validity
- Monthly dealing — indicative pricing only
Risk panel
A 3% default rate with 40% recovery implies an indicative -1.8% capital impact.
- Market30 / 100
Short duration; limited mark-to-market.
- Liquidity66 / 100
Monthly dealing with notice period.
- Credit62 / 100
Obligor default and dilution risk.
- Operational55 / 100
Invoice verification and servicing dependency.
- Concentration58 / 100
Top-5 obligor concentration 41%.
Lifecycle event calendar
| Date | Type | Detail | Status |
|---|---|---|---|
| 2026-08-07 | Valuation | Monthly servicer valuation with impairment overlay. Current mark stale under 15-day policy. | Scheduled |
| 2026-08-31 | Maturity | Invoice pool tranche 14 matures; proceeds recycled or distributed per mandate. | Scheduled |
Custody, register and valuation
- Custody model
- Trustee-held; custodian records beneficial interest
- Register of record
- Trustee / servicer register of record
- Chain / network
- Ethereum payment leg; delivery recorded off-chain
- Valuation source
- Servicer valuation with impairment overlay (simulated)
- Valuation as at
- 2026-07-31 08:00 UTC
Eligibility and restrictions
- Eligible investor classes
- Professional Investors; Australian offer restrictions apply
- Jurisdictions
- Hong Kong, Australia (wholesale only), Singapore
- Wholesale client test for Australian offers
- FX hedging policy applies
Approved documents
Only the latest approved version may be used with clients.
- Information memorandum (placeholder)v1.8 · 2026-06-30
- Trust deed extractv1.0 · 2025-11-14
- Risk disclosurev1.5 · 2026-06-30