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How do the roundings of my installment payments work?
On our platform, all installments - gross or net - are paid to the users of the platform in values of two decimal places, since it is not possible to make payments of one-tenth of a cent.
Nevertheless, it is important to know that:
1. The calculations, although not visible to the user, shall always be made to four decimal places, and the principal repaid shall always correspond to the capital deducted.
2. Gross interest payments throughout the payment plan shall be made by rounding each item to two decimal places, which may lead to rounding up of more than or less the amount due.
As such, Goparity settles these roundings in the last installment of each payment plan. The difference in rounding of each instalment is stored in the database to be paid next to the last instalment and the final amounts paid by the platform will always have two decimal places, which will cause the value of the settlement to investors who received the most in each instalment to be discounted and the value of the settlement to investors who received the least in each installment to be added.
This procedure is based on best practices in the banking sector and is in accordance with Decree-Law No 171/2007 of 8 May 2007.
Goparity is an impact investment platform that connects companies looking to finance their sustainable projects, with individuals and entities who want to invest sustainably. We are growing, both in terms of size and impact generated. We were born in Portugal in 2017, but have since then financed projects and grown a large community of investors all around the world.
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© 2021 Goparity
Part or all of your original invested capital may be at risk and the return on your investment depends on the success of the project invested in. Consider all risks before investing and read the Key Investment Information Sheet (KIIS) for each investment, available at www.goparity.com. Power Parity, SA is a crowdlending platform authorized and supervised by CMVM (Portuguese Securities Commission). All payments, transfers and funds collection are assured by MangoPay SA, an electronic payments institution authorized and supervised by CSFF (Luxembourg Financial Authority) under the nº 8711.