Financial Resources

Detailed calculations demonstrating the applicant’s ability to meet the initial and on-going regulatory capital, net assets (INMA) and liquidity requirements.

As a firm that is publicly listed on sections of both the London and New Stock Exchanges, we have inherent diversity of funding and capital, allowing us to raise money both privately and publicly. We maintain a prudent funding profile with sufficient access to an appropriate diversity of funding sources which are highly likely to continue to be sufficient and available at a reasonable cost in a variety of normal and stressed market conditions.

Capital Adequacy requirements have been deeply considered by the Group and it follows the UK Prudential Regulatory Authority’s (“PRA”) principles on Capital Adequacy Requirements, including Tier 1 and Tier 2 capital, which has been considered. As we have stated elsewhere we are passionate about building a regulation-first business so our capital adequacy benchmarks are as important to us as our more vocally stated philosophy on KYC/AML.

An Internal Liquidity Adequacy Assessment Process (ILAAP), on an individual and consolidated basis with the appropriate supervisory measures, is in place to identify, measure, manage and monitor liquidity and funding risks across different time horizons and stress scenarios, consistent with the risk appetite established by Tintra's management and Board.

In addition, the segregation of client money from Tintra’s own balance funds is an important safeguard for the protection of our customers, and our balance sheet liquidity management. Upon receiving client money, it is deposited in a client bank account, which meets the definitions required by the PRA, and is promptly paid out of that account (save for minimum sums required to open the account or to keep it open).

Foreign exchange risk strategies are in place to reduce or prevent losses from unexpected events within the FX market, deploying short-term and forward hedging strategies that are common place in established businesses expose to currency risk.

The top level market analysis along with a financial model for the Group operation is included below. How much of the flow of business that navigates through Qatar will vary from inception through the phases one or two and also that of the modelling of Capital Adequacy. Deeper information on these will be provided upon request.

Tintra’s strategic business plan takes a long view on Scale:

The larger we are, the more we benefit from economies of scale but the more we also leverage our scale to dominate in our core markets

Cost Efficient Scalability

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Our B2B and B2I model means that the growth curve increases much more exponentially than the cost curve.

Forecast balance sheet, profit and loss, and cash flow statements

Tintra’s detailed projected financial model includes 3 scenarios, including prudent base case and stress case models. The 100% scenario is the base case that the Group is solving, which indicate net profit status from as soon as Year 4; even in the most extremely stressed version, net profit is achieved by Year 5.

These models are based on Group projections. The ratio of Group to Authorised firm will vary contingent on a number of factors related to type of licencing, timeline and market factors.

<<<<Forecast cashflow spreadsheets - 3 scenarios - revenue, capex, operations expenses, other expenses >>>

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