Equideq FAQ (Frequently asked questions)*

*The FAQ is meant as a guide only. Please read the Equideq Terms of Service, the Conditions of Sale and Conditions of Lease agreements for more detailed information. Please contact customersupport@equideq.com if you have any questions or need help at any time.
1 What is Equideq?
2 How does Equideq work?
3 Who does Equideq partner with?
4 How does Equideq make the process more secure?
5 What are the different types of horse and shares available?
6 What are the Equideq markets?
7 What is Capex and Opex?
8 How do I register?
9 How do I view and research horses?
10 How do I reserve shares?
11 What if I want to cancel a reservation?
12 How do I order shares?
13 What if I want to cancel an order?
14 How do I trade shares?
15 What if I want to cancel a trade?
16 How do I get further help?
1 What is Equideq?
Equideq is a financial services platform that makes shares in bloodstock more accessible and affordable to everyone. Now anyone, anywhere can create a single account to purchase and trade micro shares in horses for racing or breeding, across the industry. Equideq also makes the whole process more secure and transparent by allowing everyone to view and manage their payments, shares and account setting on a secure financial services platform.
2 How does Equideq work?
Equideq enables our partners to create and promote micro shares in their horses on the Equideq platform for sale or lease. When you purchase a lease or equity share from our partners, then you are joining an exclusive Group for just that horse. Each horse is assigned an agent to manage the horse during its racing or breeding career on behalf of the group. While you are a member of the group then you are entitled to a share in the benefits of ownership in that horse, directly proportional to the amount of your shareholding. For instance, if your horse wins or is placed in a race then you will receive a share of the prizemoney directly proportional to the number of shares you hold in that horse.
You can join a group by purchasing shares in the horse. Horses on the Equideq platform move through a series of market stages during which you can either reserve, order, purchase, and trade shares in the horse. These market stages are called a Planned Offering, an Initial Offering and the Exchange and are explained in the Markets section below.
3 Who does Equideq partner with?
Equideq partners with leaders in the bloodstock industry to provide premium horses for racing and breeding. Some of our partners are Vendors or Lessors who make horses available on the Equideq platform for sale or lease, respectively. Other partners are Agents who will manage the racing or breeding career on behalf of the group. We also have partners such as the larger stud farms who will act in multiple roles who supply horses and also manage the horses on behalf of the group. You will always be able to see what partners are involved in the horse by clicking on the horse name and reviewing the horse prospectus for more detailed information on who the key actors are.
4 How does Equideq make the process more secure?
Equideq enables you to create a single account to centrally manage all your personal data and financial details. With your single account you can view and manage your purchases, payments and share portfolio across all our industry partners. Our industry partners do not have access to your financial details and only receive payments when transactions are completed. i.e. When you order shares in a horse then the payment is debited from your Equideq account but held by Equideq for your security. We will only transfer the payment to the Vendor and the Agent when the initial offer concludes successfully. If the initial offer does not conclude successfully then your payment in full will be credited back to your account. We only share your personal information with them in accordance with the Equideq Privacy Policy.
5 What are the different types of horse and shares available?
Equideq currently supports the sale and trading of Lease Shares in racehorses, Equity Shares in racehorses and equity shares in breeding bloodstock. Ownership of a lease share does not provide you with the option to purchase or own an equity stake in the horse. With lease ownership you are only paying for the operational expense of the horse to cover the cost of training, racing, the upkeep, and welfare of the horse for just the lease period specified. Lease shares are the cheapest form of ownership and are a great way to get started with horse ownership.
Equity shares provide you the ability to purchase an equity stake in the horse. When you purchase an equity share in a horse then you are paying for your equity share but you must also pay your share of the operational expense for the horse. Each equity share you purchase is linked to one operational share. The payment of the equity share is a once off payment while the payment of the operational expense is a recurring payment which must be paid at the agreed frequency for you to keep your equity share. Failure to keep up your operational share payments will result in you forfeiting your equity share.
In Equideq an equity share is referred to as the Capex Share and the price you pay is referred to as the Capex. The operational share is referred to as the Opex Share and the price you pay is referred to as the Opex.
6 What are the Equideq markets?
Equideq provides our partners with the option to promote a horse on the platform in advance of when it becomes available to order and purchase. This promotional period is known as a Planned Offer and it may last for days or weeks. During the Planned Offer, our partner will advertise the details of the horse and the proposed date at which the horse will become available to order. During a Planned Offer you can reserve shares in the horse. Reserving shares is purely an expression of interest and neither party is under any obligation. There is no charge for reserving shares, and you can cancel a reservation at anytime during the Planned Offer stage.
Shares in a horse become available to order and purchase as part of an Initial Offer. This is a primary market where shares in a horse are coming to market for the first time. The Initial Offer period will have a start and finish date during which time you can place an order for a quantity of shares. The Initial Offer will either conclude at the end of the initial offer period or earlier if there is a subscription limit for the horse and if the subscription limit is reached first. Only when the initial offer concludes successfully will the shares transfer into your ownership. Your Opex payment will move to the Agent who will manage the horse and your Capex payment will move to the person selling the shares. You have now completed your purchase of the shares.
Once the initial offer has concluded then the horse will be listed on the Exchange. The Exchange is a secondary market where shares can be traded if and when the Exchange opens for that horse. When the Exchange opens, you will be able to place a Sell Offer to sell any shares you own in the horse and place a Bid Order to buy more shares. All trades are subject to review and approval by the agent. Approved trades can only be executed if a corresponding trade exists on the exchange. i.e. You can only sell your shares if someone is willing to buy them and you can only buy shares if someone is willing to sell them.
7 What is Capex and Opex?
Capex is capital expenditure or the capital amount you pay to purchase an equity share in a horse. This is a once off payment which we call the Capex. i.e. if a horse is valued at 100,000 euro and there are 100 shares available in the horse then the Capex will be 1000 euro. When you pay 1000 euro then you will have a 1% equity share in the horse.
Opex is operational expenditure or the operational expense you pay for the management and welfare of the horse throughout its racing or breeding career. This can be a once off payment for the duration of a racing lease or it can be an annual payment for a racing equity or breeding equity horse. i.e. if the operational cost of training, race entry, veterinary, transport and upkeep of a horse is 30,000 euro per year and there are 100 shares in the horse then the Opex will be 300 euro for the horse. If the racing lease period is for 1 year then the 300 euro would be a once off payment. If the term of the career for a racing equity or breeding equity horse is open ended then this 300 euro would be due each year until the career of the horse comes to an end.
8 How do I register?
To register, simply click on the “Register” button and enter your details. When you submit the registration form you will receive an email to the email address you used to register. You will then need to confirm this email by clicking on the link that you received. You will then be able to log in. When you log in for the first time you will be asked to complete the account setup process. During the account setup process, you will be asked to provide some personal details and your current home address. You will also be asked to provide your bank account details which is necessary for the deposit and withdrawal of funds from your Equideq account. Once you have completed the account setup process then you will need to deposit funds to your account. When we have received your funds and verified your details, we will activate your account.
9 How do I view and research horses?
All horses on the Equideq platform can be viewed by selecting the Horses dropdown menu and selecting Horses. This will provide an option of either a List View or Tile View of all the horses that are currently live in either a planned offer, an initial offer or the exchange. To access more detailed information for a specific horse then click on the horse name to access the horse prospectus.
10 How do I reserve shares?
Horses can only be reserved as part of a planned offering for free. To view any horses currently available as a planned offering then click on the Markets dropdown menu and select Planned Offers. This will provide an option of either a List View or Tile View of all the horses that are currently available to reserve as part of a planned offering. To reserve a horse then simply click on the Reserve button and specify the number of shares you wish to reserve. These reserved shares will now be visible in your portfolio.
11 What if I want to cancel a reservation?
You can place and cancel a reservation at any time during a planned offer by clicking on the Cancel button in your portfolio page. There is no charge for canceling a reservation.
12 How do I order shares?
Horses can only be ordered as part of an initial offering. To view any horses currently available as an initial offering then click on the Markets dropdown menu and select Initial Offers. This will provide an option of either a List View or Tile View of all the horses that are currently available to order as part of an initial offering. To order a horse then click on the Order button and you will be directed to the order form. In the order form you will need to specify the number of shares you wish to order and you will also be required to accept the Conditions of Sale Agreement for equity shares or the Conditions of Lease Agreement for lease shares. You will then be required to click on the order button to confirm your order. Payment for the ordered shares will be immediately debited from your account. These ordered shares will now be visible in your portfolio. The shares will only transfer into your ownership if and when the initial offer concludes successfully.
13 What if I want to cancel an order?
When you place an order in an initial offering then you have 24hrs to cancel. You can cancel your order by contacting us directly at customersupport@equideq.com. There is no charge for cancelling your order within this 24hr period. After the 24hrs has elapsed then you will not be able to cancel your order. After 24hrs all orders are final, and you will not be entitled to any refund.
14 How do I trade shares?
Horses can only be traded when they are listed on the exchange and the exchange is open. To view any horses currently available on the exchange then click on the Markets dropdown menu and select Exchange. This will provide a list view of all the horses that are currently listed on the exchange and also the planned open and close date for the exchange.
To trade an equity share then click on the Buy or Sell button and you will be directed to the trade form to place a buy order or sell offer respectively. In the trade form you will need to specify, the number of shares you wish to buy or sell and the bid or ask price. You will also be required to accept the Conditions of Sale Agreement. You will then be required to click on the Submit button to confirm your trade.
To trade a lease share then click on the Buy or Sell button and you will be directed to the trade form to place a buy order or sell offer respectively. In the trade form you will need to specify, the number of shares you wish to buy or sell. You cannot specify a bid or ask price for lease shares. You will also be required to accept the Conditions of Lease Agreement. You will then be required to click on the Submit button to confirm your trade.
All pending buy orders and sell offers for both equity and lease shares will be visible in the Pending Transaction table in the History page.
15 What if I want to cancel a trade?
When you place a trade on the exchange then you have 24hrs to cancel. You can cancel you trade by contacting us directly at customersupport@equideq.com. There is no charge for cancelling your trade within this 24hr period. After the 24hrs has elapsed then you will not be able to cancel your trade. After 24hrs all trades are final (unless they are not approved by the Agent or unmatched on the exchange), and you will not be entitled to any refund.
16 How do I get further help?
We are delighted to help you get started with Equideq. If you need help in understanding the operation or features of Equideq at any time then please contact us directly at customersupport@equideq.com

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