Asset Details
1. Underlying Asset and Denomination
a. Underlying Asset Portfolio: SY
Token is backed by an allocable interest in a portfolio of SAM Dana Likuid Syariah, a sharia-compliant money market
mutual fund managed by PT Samuel Aset Manajemen (SAM). Crucially, the total supply of SY Token will at all times be
maintained on a 1:1 basis with the aggregate tokenized value of the underlying asset held in the portfolio. This
mechanism ensures that each SY Token unit is directly and fully collateralized by an equal unit of the underlying
asset value.
b. Portfolio Composition: The underlying fund's composition is currently
constituted by approximately 73.03% sukuk (Islamic bonds) and 26.97% sharia money market instruments.
c.
Denomination and Nature: The SY Token is denominated in Indonesian Rupiah (IDR) and functions
solely as a valuable representation token. The SY Token is not, and shall not be construed as a legal tender, a
substitute for a bank deposit, or a claim on any governmental entity.
d. Sharia Compliance: All
underlying instruments are strictly complied with Islamic capital market principles, especially excluding any
interest-based or non-halal activities.
2. Custody, Management and Regulatory Status
a. Asset Safekeeping and
Custody: All underlying assets are held and administered in segregated accounts by Bank CIMB Niaga Tbk,
which serves as the Custodian Bank. The Bank is licensed and supervised by the Financial Services Authority (OJK)
under Decree No. KEP-71/PM/1991.
b. Investment Management: Asset management activities,
including portfolio investment, and operational oversight, are conducted by PT Samuel Aset Manajemen. The asset
management is a licensed investment manager and has obtained valid business license from OJK based on decree No.
KEP-06/PM/MI/1997. The asset management is responsible for strict adherence to the fund's investment policy and
Sharia principles.
c. Transparency and Verification: The underlying asset data and valuation are
transparently verifiable through the daily Net Asset Value (NAV) reports as published by PT Samuel Aset Manajemen.
3. Value Fluctuation and Yield Disclaimer
a. Value Growth: The appreciation
or depreciation of the SY Token is directly and exclusively linked to the performance of its underlying assets which
influenced by:
• Indonesian domestic interest rate movements,
• Rupiah exchange rate performance against major
foreign currencies, and
• Any other market, economic, or regulatory factors that may affect the underlying
assets.
b. Estimated Annualized Yield: Based on the historical performance of the underlying
asset, the estimated annual yield is projected to be between 4.8% and 5.0% per year.
c. NO GUARANTEE OF
YIELD OR PRINCIPAL: The projected yield is purely an estimate and an objective target, and does not
constitute a forecast, representation, covenant, or guarantee of future returns. Past performance is not indicative
of future results. The actual yield realized by a Token holder may fluctuate significantly, including the
possibility of a zero or negative return. The principal investment is NOT protected, NOT guaranteed, and
participants are exposed to the risk of losing their entire investment.
4. Risk and Limitation of Liability
a. Market Risk: SY Token's value is
subject to the inherent risks of the capital market and may fluctuate due to economic and market changes,
potentially resulting in the loss of a portion or the entirety of the principal investment.
b.
Non-Insured Products: The SY Token is not (i) a bank product, (ii) guaranteed by the government,
nor (iii) covered under the deposit insurance program (LPS). Purchaser and SY Token holders hereby are advised to
understand the associated investment risks before purchasing or holding the token.
c. DISCLAIMER OF
WARRANTIES: The SY Token and all related services are provided "AS IS" and "AS AVAILABLE." The issuer,
manager, and custodian (collectively, the "Parties") expressly disclaim all warranties of any kind, whether express
or implied, statutory or otherwise, including but not limited to the implied warranties of merchantability, fitness
for a particular purpose, non-infringement, and any warranties arising out of course of dealing or usage of
trade.
d. LIMITATION OF LIABILITY: To the maximum extent permitted by applicable laws, the Token
Issuer, including its affiliates, directors, officers, employees, and agents, shall not be liable for any indirect,
incidental, special, consequential, exemplary, or punitive damages arising out of or in connection with the
issuance, holding, trading, staking, transfer, or use of the SY Token, including but not limited to loss of profits,
loss of revenue, loss of data, loss of opportunity, or any loss resulting from market volatility, smart contract
vulnerabilities, system failures, cybersecurity incidents, regulatory actions, or any other events beyond the
reasonable control of the Token Issuer.
5. Mandatory Due Diligence and Purchaser Acknowledgement
a. Requirement to
Review: The prospective purchaser is hereby mandated to carefully read, comprehend, and accept all
terms, conditions, risks, and limitations set forth in this Official Disclaimer, the fund prospectus, and all
related offering documents before initiating any purchase, acquisition, or holding of the SY Token.
b.
Purchase as Acceptance: The act of purchasing, acquiring, or holding the SY Token shall be deemed
irrevocable and conclusive evidence that the purchaser has: (i) fully understood the speculative nature of the token
and the risks associated with the underlying Sharia money market instruments, (ii) acknowledged that the token is
not a bank product and is not guaranteed by the government or covered by deposit insurance, and (iii) Accepted the
absolute disclaimers of warranties and limitations of liability set forth herein.
c. Absence of
Advice: The Parties (Issuer, Manager, and Custodian) do not provide investment advice, and the
purchaser affirms they are solely responsible forconducting their own independent evaluation of the merits and risks
of an investment in the SY Token.