Frankfurt Quotation Board — Listing Workflow
Target: 3-year fixed-coupon note (Reg S / professional; €100k denomination) with ICSD settlement.
Counterparties & Timeline
- Specialist inclusion (e.g., Baader Bank), subject to onboarding/confirmation.
- Paying/Listing Agent onboarding; ICSD eligibility (Clearstream/Euroclear).
- Identifiers: LEI (issuer), ISIN (note), Clearstream admission — placeholders until issuance.
- Indicative timeline: 60–90 days to admission post confirmations.
Refundable Escrow (75–150k€)
- Counsel-held; invoice-only releases (Specialist, Paying/Listing Agent, LEI/ISIN/CBF, legal/audit).
- 100% credited at par to investor’s first allocation.
- Automatic refund if (i) no admission within 90 days; (ii) final allocation < €2m; (iii) written rejection.
- Optional 30-day extension by mutual consent.