# Legal

## Summary 

The legal structure for OpenTrade’s Stablecoin Yield products is secured lending to a bankruptcy remote Cayman Segregated Portfolio Company (SPC), OpenTrade SPC, which is operated by an independent board of directors and an FCA regulated investment firm. 

## Legal Architecture

Below is an overview of the key entities involved and the legal agreements between them.

<figure><img src="https://content.gitbook.com/content/XB36F8w05PtbxlF2D9IN/blobs/AbUQ9421jD8GmZw91hgl/legal%20arch2.png" alt=""><figcaption></figcaption></figure>

## Key Legal Agreements

### **Master Lending Agreement**

The agreement governing lending activity made through the OpenTrade Platform. It is executed between the Borrower and each Lender during the onboarding process.&#x20;

Learn more about the Master Lending Agreement below:

{% content-ref url="legal/master-lending-agreement" %}
[master-lending-agreement](https://docs.opentrade.io/stablecoin-yield/product-overview/legal/master-lending-agreement)
{% endcontent-ref %}

### **Loan Confirmation(s)**&#x20;

Issued pursuant to the Master Lending Agreement for each individual loan made through the platform. Each Loan Confirmation specifies the legally binding terms of each loan.&#x20;

Learn more about Loan Confirmations below:

{% content-ref url="legal/loan-confirmations" %}
[loan-confirmations](https://docs.opentrade.io/stablecoin-yield/product-overview/legal/loan-confirmations)
{% endcontent-ref %}

### **Security Trust Deed**

All loans made via the Stablecoin Yield products are fully collateralised with specified eligible loan collateral. A Security Trustee holds a security interest on behalf of Lenders in all collateral and the accounts in which collateral is held pursuant to a Security Trust Deed.

Read the Security Trust Deed below:&#x20;

{% content-ref url="legal/security-trust-deed" %}
[security-trust-deed](https://docs.opentrade.io/stablecoin-yield/product-overview/legal/security-trust-deed)
{% endcontent-ref %}

### **Platform Terms and Conditions**

An agreement between Lenders, the Borrower (OpenTrade SPC), and Open Trade Technology Ltd (the Platform Provider) governing use of the OpenTrade Platform. You agree to these Terms & Conditions by accessing the OpenTrade Platform.&#x20;

Read the Terms and Conditions below:&#x20;

{% content-ref url="../../terms-and-conditions/platform-terms-of-service" %}
[platform-terms-of-service](https://docs.opentrade.io/terms-and-conditions/platform-terms-of-service)
{% endcontent-ref %}

### **Privacy Policy**

The Privacy Policy will inform you as to how we look after your personal data when you use our “Services” (our website(s), app(s), protocols, tools, and systems) or interact with us in any other way.&#x20;

Read the Privacy Policy here:

{% content-ref url="../../terms-and-conditions/privacy-and-cookie-policies" %}
[privacy-and-cookie-policies](https://docs.opentrade.io/terms-and-conditions/privacy-and-cookie-policies)
{% endcontent-ref %}