Diners Club 1-Month Corporate Note (DCS1) (Completed)

DCS1

Interest Rate

7.25%

Underlying Asset

Diners Club 1-Month Note

Maturity Date

31 August 2022

1 DCS1 Represents SGD 1 Notional Value.

Short-term, high yield note issued from a financial institution regulated by the Monetary Authority of Singapore (“MAS”).

DCS1 Investment Highlights

• Short-term, high yield note issued from a financial institution regulated by the Monetary Authority of Singapore (“MAS”)

• Long-established financial institution in Singapore, with steady cash balance, recurring operating cash flow and owning property asset in Singapore

• Issuer’s commitment to be an initial liquidity pool provider signals an alignment of interest

Investment Overview

Diners Club (Singapore) Pte Ltd ("DCS”) is issuing a 1-month tokenized note as part of a pilot treasury cash management program.

Funds raised from the note issuance shall be used to fund general operating expenses. As the note issuer, DCS is a long-established financial institution with steady cash balance and recurring operating cash flow; it also holds a property asset (7500-E Beach Road) in Singapore.

The Issuer

DCS is an affiliate of Diners Club International Ltd., who is a direct banking and payment services company owned by Discover Financial Services, one of the most recognized brands in U.S. financial services.

DCS was incorporated in Singapore as a private limited liability company in 1973, which principal activities are the provision of charge and credit card under the “Diners Club” brand name in Singapore.

DCS is licensed by the MAS to issue credit cards and charge cards, and as of June 2022, DCS has a cardmember base of approximately 250,000.

DCS offers a variety of payment products, including:

(a) Credit and charge cards for businesses, (b) Credit and charge cards for individuals, including affinity and co-brand cards, (c) Lodged card/purchasing card for travel agencies under DCS’s Travel Management Program, (d) Card acceptance and payment processing solutions for merchants, and (e) CardNow Pay4U.

Disclaimer:

Target return or yield to maturity is not necessarily indicative and does not guarantee actual return. The past performance of DCS1 is not necessarily indicative and does not guarantee the future performance of DCS1. This is not an advertisement making an offer or calling attention to an offer or intended offer.