Frequently asked questions

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In which currency do lending companies issue loans to borrowers?

In most cases, lending companies provide loans to borrowers in the currency commonly used in their respective countries. On Nectaro, the currency for each Series of Notes is indicated on the Note details page and can also be found in the prospectus and final terms. It's important to note that the currency in which a loan or Series of Notes is listed on the platform may differ from the currency in which the underlying borrower's loans were originally issued. 

When an investment opportunity is presented on the platform in a different currency than the underlying borrower's loans, the lending company assumes the risk associated with currency exchange. This means that when borrower repayments are received or when repurchase or ERO prices need to be paid, the lending company must transfer the corresponding amount to Nectaro in the listed currency. If the currency of the underlying borrower's loans experiences a significant devaluation against the listed currency, it may affect the lending company's ability to transfer the amounts due to the investor.

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We strive to provide comprehensive information and address the most common queries in our Frequently Asked Questions (FAQ) section. However, we understand that there may be instances where your specific question hasn't been covered.

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A licensed European investment platform.

Investing in financial instruments involves risk. There is no guarantee to get back the invested amount. You could lose some or all of your investments.

SIA Nectaro (registration nr. 40203016025; legal address: Jeruzalemes 1, Riga, LV-1010, Latvia) is an investment brokerage firm licensed by Latvijas Banka (address: K. Valdemara 2A, Riga, LV-1050, Latvia). License number 27-5520233.

Nectaro is a member of the national investor compensation scheme established under EU Directive 97/9/EC. The scheme protects investors by providing compensation if Nectaro fails to return financial instruments or cash to investors. The maximum compensation an investor can claim under the scheme is 90% of their net loss, up to a maximum of €20 000.

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