Frequently Asked Questions
Who is DCXPD Designated Activity Company?
dcxpd Designated Activity Company is a special purpose company incorporated in April 2023. The company was established for the purpose of issuing multiple Series of Secured Notes under the DCXPD Program. The Notes will be limited recourse obligation of the Issuer, secured on the Charged Assets.
What are the Notes?
The Notes are a debt security (an obligation of DCXPD Designated Activity) and are secured by the Charged Assets purchased from the sale of Notes.
What is the Charged Asset of the Note?
I am concerned about the liquidity of the Notes. How can I be sure I can get out?
How is the Net Asset Value of the Note determined?
Will the security account have access to margin?
What financial products can be traded in the security account?
What is the investment objective of the Notes?
The investment objective varies across the different Notes and is determined by the Portfolio/Assets Manager.
Please reference the Investment Objective section of each Series page for more information, along with the section relating to the Portfolio Manager.
How can I trade the Notes?
Do the Notes have credit risk?
Can I lose more than I invested in the Note?
Do the Notes guarantee principal?
What are some risks associated with owning the Notes?
These Notes are not principal protected and are a high-risk investment in the form of a debt instrument. The Noteholders are neither assured of repayment of the capital invested nor are they assured of payment of a stated rate of interest or of any interest at all. The Notes give Noteholders exposure to certain securities and other financial assets that the Issuer may invest in acting through the Portfolio/Assets Manager.
Should the Charged Assets decrease in value, Noteholders will incur a partial or total loss of their investment. Even if the Charged Assets increase in value, Noteholders may incur a partial or total loss of their investment to the extent that the appreciation of the Charged Assets is not sufficient to account for fees, costs and expenses of the Issuer.
Are there any investment restrictions associated with the Notes?
The investment objective carried out by the Portfolio/Assets Manager may have restrictions set out in the Portfolio/Assets Manager Agreement between the Issuer and the Portfolio/Assets Manager.
Please reference the investment objective and investment restrictions sections in the Series specific page for more details for any particular series.
Do the Notes pay a coupon?
Arranger
Calculation Agent
Placing Agent
Broker Dealer of Record
Realisation Agent
Portfolio/Assets Manager
The Portfolio/Assets Manager is responsible for managing the underlying assets in accordance with the investment strategy.