LU2029559320

USD 

Siegfried Supply Chain Finance Fund S.C.A., SICAV-SIF A USD

Thesaurierend 

Luxemburg 

Alternative Investm. 

-

weltweit  

- 

19.11.2019

- 

01.01.

Österreich, Deutschland, Luxemburg 

The primary investment objective of Siegfried Supply Chain Finance Fund S.C.A., SICAV- SIF- Series 1 (the Sub-Fund) is to achieve a target return higher than the Secured Overnight Financing Rate (the SOFR) rate while maintaining a high degree of liquidity, realised by investing in short-term high-grade international trade receivables. This SOFR benchmark is for evaluation and comparative purposes only. While the Sub-Fund's objective is to outperform the stated benchmark, it does not imply that its investment strategy shall share or attempt to share, the same or similar characteristics of the benchmark or any attempt to track the benchmark. The Investors clearly understand that the Sub-Fund will follow its own investment style which may include significant variance from benchmark characteristics. The Sub-Fund seeks to provide stable and uncorrelated returns. It will invest indirectly through one Cayman special purpose vehicle, wholly owned by the Sub-Fund, all of its available cash (excluding cash and cash equivalents held on an ancillary basis) in short term high-grade international trade receivables. The strategy is to provide an indirect financing to suppliers in exchange for trade receivables attached to specifically invoiced transactions. These trade receivables are legally enforceable claims for payment from buyers, which provide an irrevocable undertaking to make payment upon a respective maturity date. The selection of short term high-grade international trade receivables will be facilitated by one or several platforms organised by specialist financial technology companies to support supply-chain finance operations. These receivables will be acquired from reputable suppliers, preapproved by platform(s) in charge of selecting the receivables, while all these assets are either from highly credit rated ultimate buyers that are rated at least A- from Fitch, A3 from Moody's or equivalent ratings issued by nationally recognized statistical rating organizations (the NRSROs) which are recognized by the SEC.