Frequently asked questions from investors and issuers

cosmofunding is an offering provided by Zürcher Kantonal­bank and the digital plat­form for access to the Swiss foreign capital market in the form of private place­ments.

• cosmofunding offers access to the Swiss financing market in private place­ments. Issuers benefit from access to a broad group of investors, standard­ised docu­men­tation and auto­mated banking pro­cesses.
• Investors receive anonymous access to investment oppor­tunities.
• The FINMA-recognised credit rating from the inde­pen­dent rating agency “fedafin” can provide investors with a relevant basis for assessing the credit­worthiness of issuers and support invest­ment decisions.
• Securitisation to an instrument that is eligible to be held in a custody account enables easy settle­ment and transfer­ability for all parties involved.

cosmofunding acts as a broker between the investor and the borrower. For trans­actions, cosmo­funding handles the issuance process (including securiti­sation), the transfer and paying agent functions, including the asso­ciated documen­tation and contracts.

fedafin is a FINMA-recognised rating agency indepen­dent of Zürcher Kantonal­bank. Based on the fedafin rating and other factors, investors decide whether and under what con­ditions they wish to make an offer or partici­pate in an issue. Often, a published rating is a pre­requisite for certain investor groups to act as lenders.

Yes, this is possible.

The credit risk is borne solely by the investor through the pur­chase of the security or the signing of a loan. The investor is compen­sated for bearing the risk via the credit spread, a mark-up above the risk-free interest rate.

Registered investors are not obligated to partici­pate in a trans­action as long as they have not sub­mitted an offer. However, once an offer is sub­mitted by the investor, it is binding. The issuer thus re­ceives a binding offer and can decide to accept or reject the offer up until the end of the selected procedure.

No, you do not need to have a bank account with Zürcher Kantonal­bank. You can process the trans­action via your own bank.

The following profiles of compa­nies qualify as investors for cosmo­funding:

• Financial intermediaries (bank, securities trader, pension fund, fund manage­ment company or SICAF/SICAV, life insu­rance company, CISA invest­ment com­pany, CISA or Finma-licensed asset manager)
• Authorities (federal government, canton, municipality, public institu­tions/foundations)
• Large operational companies with profes­sional treasury function

We would be happy to clarify the details and further steps with you in a personal meeting.

It is important to note that cosmo­funding is only available to parties based in Switzer­land. 

Registration and use of the platform are free of charge. We will be happy to explain our service to you and start the on­boar­ding process if you are inte­rested. Please arrange a demo

There is no obligation for issuers to carry out trans­actions tendered via the plat­form.

Investors for their part submit a binding offer. The issuer thus receives a binding offer and can decide to accept or reject the offer up until the end of the selected procedure.

No, you do not need to have a bank account with Zürcher Kantonal­bank. You can process the trans­action via your regular bank.

Registration is free of charge. Issuers incur fees when finan­cing is accep­ted. These costs are shown transpa­rently. We will be happy to explain our service and fee model to you and start the on­boar­ding process if you are inte­rested. Please arrange a demo

The following categories of com­panies qualify as issuers for cosmo­funding:

• Financial service providers (bank, securities trader, pension fund, fund manage­ment company or SICAF/SICAV, life insu­rance company, CISA invest­ment company, CISA asset manager)
• Authorities (federal government, canton, munici­pality, public institu­tions/founda­tions)
• Large companies in Switzerland

We would be happy to clarify the details and further steps with you in a personal meeting.

cosmofunding is currently available only to parties based in Switzer­land.