QUESTIONS AND ANSWERS
ABOUT DERIVEST’S LEGAL FORM AND TRADING STRATEGIES
WHY WAS DERIVEST FOUNDED AS A PARTNERSHIP AT WILL?
This legal form allows persons with parallel objectives to follow a defined company aim. It is possible to join the company merely by accepting the articles (declaration of accession) without the need for any other formal statements. This dispenses with the costs of notarised declarations and/or trustee expenses (customary with other legal forms), which would otherwise have been borne by the company. Moreover, the corporate structure gives a greater degree of flexibility at partner level (accession/resignation).
DOES THE COMPANY’S LEGAL FORM AS A PARTNERSHIP AT WILL GIVE RISE TO LIABILITY RISKS?
From a legal viewpoint, all partners are in general jointly and severally liable. However, in practice, partners are not liable other than for their capital contribution, as investments are made solely on the basis of the partnership capital (equity). Corresponding restrictions are set by the articles and investment guidelines. The assumption of commitments or the deterioration of investments beyond the available partnership capital (unauthorised account overdraft) is prevented by electronic measures in place at the custodian bank/broker. In this way, the availability of sufficient security/margins and account credit are checked before the investment is made. Should existing investments deteriorate so badly that there are no longer sufficient security/margins in the account, compulsory liquidation of the existing investments is carried out automatically by the custodian bank/broker. The unauthorised overdrawing of accounts (by borrowing capital), which may necessitate additional payments from the partners, is thus made impossible.
HOW AND WHEN CAN I JOIN THE COMPANY?
Investors may join the company with effect from the last day of the month by paying the share price (unit price) fixed at this time. This is conditional on the company receiving the subscription documents (declaration of accession/risk declaration) once they have been completely filled out and signed, and on the accession being approved by the managing directors. The partner capital (and premium) must also have been paid in full to the company’s account. Please also consult the transaction notes on the website (www.derivest.de).
HOW MUCH IS THE MINIMUM DEPOSIT?
The articles stipulate a minimum holding of 2,500.00 € (plus premium).
IS IT ALSO POSSIBLE TO MAKE PART PAYMENTS/SET UP SAVINGS PLANS?
Savings plans are possible from an amount of 100.00 € (monthly, quarterly, biannually or annually) payable by direct debit. However, this is conditional on the investor having already become a partner and having deposited his minimum capital contribution (2,5000.00 €) in full.
IS THERE A MINIMUM INVESTMENT TERM?
There is no minimum investment term. Full or partial withdrawals or resignation from the company are possible on the last day of each month. The management must be informed at least 4 weeks before the partner intends to leave the company. Partner capital will be repaid at the share price (unit price) determined on the date of the withdrawal/resignation. Payment will be made approx. 10 working days after the key date in question to the account given in the declaration of accession.
IS IT POSSIBLE TO MAKE PARTIAL WITHDRAWALS?
Partial withdrawals may be made provided the remaining partner capital does not fall below 1,000.00 €.
HOW CAN I TRACK THE PERFORMANCE OF MY INVESTMENT?
Each partner is sent a statement of account at least twice a year (as of June 30/December 30). Moreover, it is possible to follow the development of the unit price as of the end of each month on the Derivest Strategie GbR website. The share price (unit price) takes all charges/fees into account, which means that the disclosures refer to the remaining (net) performance at partner level.
WHO MAKES THE INVESTMENT DECISIONS? WHAT TRADING STRATEGY IS USED?
The investment decisions were delegated by asset management mandate to Sensus Vermögensverwaltungen GmbH on the basis of the investment guidelines defined by the company. The asset management company employs proven and successful trading strategies in the area of alternative investments (derivatives).
