Are Maclear investors protected if a borrower defaults on payments?

Yes. Maclear has a multi-layer protection framework in place for default scenarios: collateral and guarantees backing each loan, the Provision Fund covering interest payments during enforcement, and Maclear acting as Collateral Agent and Collection Agent on behalf of all investors. Protection does not guarantee full recovery in all cases, but it significantly reduces the risk of capital loss.

What protection exists in a default

When a borrower defaults, the following mechanisms activate:

Collateral and guarantees — Every funded project is backed by pledged assets or additional securities. Maclear enforces these on behalf of investors as Collateral Agent, meaning investors do not need to take individual legal action.

Provision Fund — Covers investor interest payments from the point the delay exceeds 3 days. Interest continues on schedule while enforcement is underway.

Claim Assignment Agreement authorisation — By signing this document when investing, you authorise Maclear to act collectively for all investors in debt collection, collateral enforcement, and any required legal process. This allows Maclear to act decisively rather than requiring each investor to act independently.

Legal proceedings — If the delay exceeds 60 days, Maclear initiates formal legal proceedings and enforced asset realisation. Recovered funds are distributed proportionally to all investors in the project.

Does the Provision Fund guarantee full repayment if a borrower defaults?

No. The Provision Fund is a risk mitigation buffer, not a legal guarantee. It covers interest payments during the enforcement period and contributes to shortfalls where possible. If the total recovered amount — including collateral proceeds and Provision Fund coverage — does not equal the full outstanding balance, the remaining amount is distributed pro rata. Full recovery is the intended outcome of the process but cannot be contractually guaranteed.

What happens to my investment during the enforcement period?

Your investment is in Invested status and earns scheduled interest, covered by the Provision Fund, throughout the enforcement process. You do not need to take any action. Maclear manages the process on your behalf under the authorisation granted in the Claim Assignment Agreement.

Can I sell an investment on the Secondary Market if the project is in default?

No. Secondary Market listings are available only for investments in projects with Funded status that are meeting their repayment schedule. In a default or enforcement scenario, the investment cannot be listed for sale. Maclear manages the recovery process on behalf of all investors through the Claim Assignment Agreement authorisation.

Risk disclosure: Crowdlending involves risk, including the possible loss of capital. Past performance is not a guarantee of future returns. Invest only what you can afford to lose.

Regulatory disclosure: Maclear AG, registered in Switzerland, member of PolyReg SRO, a self-regulatory organization supervised by FINMA.