How to claim assets when Bond's liquidated/matured - For holders

Pre-conditions

You can claim assets in 1 of 2 cases following:

1. A bond reaches its maturity date

Once the bond reaches its maturity date, issuers repay on schedule.

At this point, you can claim back face assets.

Claimable Face Asset = Bond unit holding * face value In which: Bond unit holding = total bond units in your wallet

For example: At the time POSI Bond 04 is matured, you are holding 100 units. The price that the issuer pays for each bond is 3 BUSD. Your claimable face asset is 100*3=300 BUSD.

2. A bond is liquidated

A bond is liquidated when underlying assets/Face Assets TWAP reach the liquidation price or the bond issuer does not repay on schedule.

At that point, you can claim your collateral according to the ratio of your holding amount to the total sold amount of bonds.

Claimable Underlying Asset = [Total Collateral amount / Total bonds sold] * Bond unit holding In which: Bond unit holding = total bond units in your wallet

For example: At the time POSI Bond 03 is liquidated, you are holding 100 units with the total collateral amount is 250 BUSD and the amount of bond sold is 80. Your claimable underlying asset is 250/80*100=312,5 BUSD.

How to claim assets

Step 1: In the bond list, choose the matured/liquidated bond you want to claim assets and click the Claim button.

Step 2: In the Claimable face asset section, click the Claim button.

Then, confirm the action in your wallet.

After the transaction is successful, your face asset/underlying asset will be claimed to your wallet.