Policy Notice
Pillafinance PLC
Introduction
This Policy Notice outlines the key principles, terms, and responsibilities that govern the use of services provided by Pillafinance PLC (“Pillafinance,” “we,” “our,” or “us”). By accessing or using our platform, you (“the Client,” “User,” or “Borrower”) agree to comply with the policies and guidelines stated herein.
Pillafinance PLC is committed to providing secure, transparent, and compliant financial services that allow individuals and businesses to access liquidity backed by their digital assets.
Compliance and Regulation
- Pillafinance PLC adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements in line with applicable laws and regulations.
- Users must provide accurate and verifiable identification before accessing loan services.
- Pillafinance reserves the right to suspend or terminate accounts that fail to comply with compliance obligations.
Use of Services
- Users retain ownership of all crypto assets provided as collateral.
- Loans are granted strictly on the basis of collateralized assets and not on personal credit history.
- The value of loans, interest rates, and repayment terms are determined by the Loan-to-Value (LTV) ratio agreed upon at the time of contract.
- Users are responsible for monitoring their LTV position and ensuring collateral remains sufficient to avoid liquidation.
Risk Disclosure
- Digital assets are inherently volatile. The value of your collateral may fluctuate, potentially affecting your loan health.
- In the event that collateral value falls below the agreed margin, Pillafinance reserves the right to initiate margin calls, collateral top-ups, or liquidation of assets.
- Users are advised to carefully assess risks before entering into any agreement with Pillafinance.
Security and Custody
- All collateral is stored in secure, multi-signature cold storage wallets, with institutional-grade custody partners.
- Pillafinance does not engage in rehypothecation (re-lending) of client assets.
- Insurance coverage applies to stored digital assets, subject to policy terms and provider limits.
Privacy and Data Protection
- Pillafinance collects and processes client data in accordance with applicable Data Protection and Privacy Laws.
- Personal data is used strictly for compliance, risk management, and service delivery purposes.
- We do not sell, trade, or misuse client information.
User Obligations
- Provide truthful, accurate, and updated information during registration and verification.
- Use the platform only for lawful purposes and in compliance with all applicable regulations.
- Maintain responsibility for repayment of loans and any associated fees.
Limitation of Liability
- Pillafinance PLC is not liable for losses arising from market volatility, third-party service failures, or circumstances beyond reasonable control.
- Users acknowledge that borrowing against crypto assets involves risk, and Pillafinance provides no guarantee of profit or immunity from market events.
Amendments to Policy
Pillafinance reserves the right to update or amend this Policy Notice at any time to reflect changes in regulatory requirements, market conditions, or internal processes. Users will be notified of material changes.
Contact Information
Final Statement
At Pillafinance PLC, we are committed to upholding the highest standards of security, transparency, and responsibility in delivering crypto-backed loan services. By using our platform, you acknowledge and agree to abide by this Policy Notice.
Last updated: 03 Jan, 2025