Target Market Determination

In preparation

The complete Target Market Determination is being finalised with our licensee and will be published here. It describes the class of business customers the Moneta Business Account and payment services are designed for, the conditions under which they are distributed, and how the determination is reviewed. Until then, this is what it will cover.

1. Target market

The class of business and institutional customers the services are designed for: their eligibility, business type, operational need for multi-currency receiving, payments and FX, and their risk and financial capacity.

2. Objectives, needs and financial situation

The customer objectives the product is built to meet, the needs it addresses, and the financial capacity a customer should have to manage fees, FX movement, settlement timing and holds.

3. Product consistency

Which product features are consistent with the target market, and the customers and uses the services are unlikely to suit or are excluded from.

4. Distribution conditions

Approved channels, eligibility gating before an account is activated, and the disclosures and consents that must be provided before acquisition or use.

5. Review and reporting

The events that trigger a review of the determination, the review period, and the reporting the distributor provides to the issuer on complaints, significant dealings and control issues.