SETTLEMENTS is a company incorporated under Belgian law on July 28th, 2008 and formerly named Assured. This name was changed in SETTLEMENTS SA on April 11th, 2011. The company is active in the acquisition and the management of US Life Settlements Portfolios. A financial transaction in which the beneficiary of a redundant US life insurance policy, transfers, against the payment of a certain purchase price, such beneficiary clause to a third party generally for more than the cash value offered by the underwriting life insurance company. The purchaser becomes the new beneficiary of the policy at maturation and is responsible for all subsequent premium payments. If he fails to make such payments, the policy may lapse before it matures. The purchaser of a life settlement policy therefore takes the actuarial risk of the insured outliving his or her life expectancy, as was assessed by a medical underwriter at the time of purchase. Purchasers therefore determine the price they are willing to pay in function of the risk premium that is required to compensate such longevity risks Settlements’ shares are listed in US dollars The initial listing of SETTLEMENTS (ticker code: STTL) was realized through direct listing procedure further to the admission of 270.000 existing shares of the Company, among which 260.000 new shares placed with qualified investors via a private placement Settlements SA aims to become one of the leader in the field of “life settlements market”. Currently Settlements has already identified the first Portfolio but not purchased yet. Settlements benefits of the expertise of professional consultants specialized in its sector and it is audited by audit firms of international reputation. To finance the acquisition of those Portfolios, the Company intends to issue bonds and to publicly offer them in Belgium. The Company intends also to list those bonds on the NYSE Alternext in Brussels and, if so, this may be the first bond listing on this market.
Bruxelles, BE
Settlements is headquartered in Bruxelles, BE

Settlements Office Locations

Settlements has an office in Bruxelles
Bruxelles, BE (HQ)
33 Boulevard de la Cambre

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Settlements News and Updates

Surging Chinese debt levels prompt S&P Global Ratings downgrade

Rising debt levels in China have prompted S&P Global Ratings to become the latest major credit rating agency to downgrade the country’s sovereign debt. The agency lowered its rating to “A+/A-1” from “AA-/A-1+”, it said in a statement released today. The strong growth of the Chinese economy…

The best explainer on how blockchains will upend banking comes from an unexpected source

The Bank for International Settlements (BIS) isn’t given to analyzing financial fads. Based in Basel, Switzerland, it’s a “bank for central banks,” so it’s usually…

Phew: Bitcoin breaks back above $4,000

Bitcoin prices tumbled last week as new regulations in China pushed prices below the $3,000 level for the first time in months, but the cryptocurrency is now back on the rise. Investors last week feared China was shutting all of its exchanges as regulators crack down on the industry, but news tha…

Cryptocurrency role for central banks "far from clear" but "pressing"

"The role of central banks in cryptocurrencies is "far from clear", the Bank of International Settlements has said, with risks such as security hard to quantify. But the issue of whether a central bank should issue a digital alternative to cash is "pressing" in light of countries such as Sweden m…

Central bankers warn of $13 trillion hole in global debt calculations

Trillions of dollars of foreign exchange derivatives may be “missing” from calculations of the amount of debt in the global economy, according to an influential group of central bankers. The Bank for International Settlements (BIS) warned today that as much as $13 trillion (£9.6 trillion) may not…

Fintech could be risky if banks don't cooperate, say top central bankers

Banks will need to take measures over the coming years to mitigate the risks of financial technology (fintech), according to a new report from the Bank for International Settlements (BIS). The central bankers' bank has set up a task force to “provide insight” into the new technology and “explore …
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