Non-Bank, Non-Institutional, Non-Syndicated, Non-Regulated or Regulatory Exempt, Free Trading; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow Finance

Non-Bank, Non-Institutional, Non-Syndicated, Non-Regulated or Regulatory Exempt, Free Trading Finance; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow Finance (because of how they are packaged, transmitted and classified).

Definition

A highly specialized field in the finance industry (United Nations International Standard Industrial Classification of All Economic Activities (ISIC) Rev. 4: Industry Class: 649 Other financial service activities, except insurance and pension funding activities) comprised of private individuals in their own right or a corporation controlled by a private individual who invests personal wealth (private equity) into investment opportunities presented by other individuals or organizations; disintermediating traditional credit intermediation authorities like banks, other regulated entities or third-parties including lawyers, escrow entities, asset appraisers, asset inspectors. Investments may take the form of Equity (full or shared asset ownership) or Debt (secured or unsecured loan obligation) and may be marketed to the public by the investor-lender directly, via a 3rd party binary digit platform or a physical platform, or via a network of regulated, non-regulated or regulatory exempt, specially trained industry professionals.

Definition Source

Borne out of nearly two decades (commencing at least as early as August 2001) of scientific-method-based primary research, discovery, development, commercialization, litigation testing, annual professional liability insurer underwriting and regulatory audit, scrutiny, reporting and recognition (through registration to National and International Quality Management System Standards), continual operation and continual improvement of the world’s first application of the “principles of ‘BlockChain’” (Bungay Unification of Quantum Processes Algorithm)-in-commerce. Specifically, development of the world’s first Non-Bank, Non-Institutional, Non-Syndicated, Non-Regulated or Regulatory Exempt, Free Trading Securities and Related Financial Instruments; also known as a Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow Electronic Finance System on April 9, 2005; and subsequent registration thereof, of a subordinate Quality Management System, to ISO 9001:2000, on May 9, 2008. To learn more, visit www.mqcc.org.

A Background

Delivery of better, safe and more efficient commercially available innovations in finance, namely, non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt, free trading securities and related financial instruments; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow securities and related financial instruments is a sub-branch of a non-novel (exact) field of study coined by Mr. Anoop Bungay as conformity science. [Mr. Anoop Bungay is founder of Bungay International Inc., MQCC™ the Money Quality Conformity Control Organization incorporated in Canada as MortgageQuote Canada Corp.; and the Private Equity Mortgage Institute PEMI®.] All transacted within an electronic (hot) binary digit or non-electronic (cold) non-binary digit environment and global computer data transport network or global physical content transport network.

The knowledge-base of the sub-branch of conformity science (concepts, theories, principles, laws, hypotheses), namely, the subject matter pertaining to non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt, free trading securities and related financial instruments; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow securities and related financial instruments was borne out of nearly two decades (commencing at least as early as August 2001) of scientific-method-based primary research, discovery, development, commercialization, litigation testing, regulatory audit, regulatory scrutiny and regulatory recognition (through registration to National and International Quality Management System Standards), continual operation and continual improvement of the world’s first application of the “principles of ‘BlockChain’” (Bungay Unification of Quantum Processes Algorithm)-in-commerce. Specifically, development of the world’s first Non-Bank, Non-Institutional, Non-Syndicated, Non-Regulated or Regulatory Exempt, Free Trading Securities and Related Financial Instruments; also known as a Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow Electronic Finance System on April 9, 2005; and subsequent registration thereof, of a subordinate Quality Management System, to ISO 9001:2000, on May 9, 2008. To learn more, visit www.mqcc.org.

Mr. Anoop Bungay, internationally recognized as developer of the world’s first global electronic peer-to-peer electronic "cryptofinancial" network trading in Non-Bank, Non-Institutional, Non-Syndicated, Non-Regulated or Regulatory Exempt, Free Trading Securities and Related Financial Instruments; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow Electronic Finance securities and related instruments on April 9, 2005 (www.privatelender.org); and as developer of the information technology enabling subsequent registration thereof, of a subordinate National Standard of Canada (and International equivalent in 119 countries) Quality Management System, namely, ISO 9001:2000, on May 9, 2008; he is uniquely qualified to provide legal-grade, regulatory-grade, legislative-grade advice on terminology related to this subject matter.

Specifically, expertise lies in:

• Terminology, Taxonomy, Ontology
• Principles, Concepts & Core Processes
• Identities, Reference Architecture
• Information Technology applications
• National and International Standardization
• Governance, Audit
• System Conformity to Statutory, Regulatory and Competition Bureau (a Canada Law Enforcement Agency) requirements

This is an incomplete list

Visit www.mqcc.org to learn more.

Visit www.conformity.org to learn about conformity science

Peer-to-Peer finance has the following equivalent terminology:

Terminology, Equivalence (Synonymity)

Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow trading

Capital Formation (equity or debt), Lending & Private Finance Markets or Regulated Finance Markets and Private Equity

Individuals or private corporations who trade in the highly specialized non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt and free trading; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow finance market or regulated finance market intermediaries who act as intermediaries .

Namely, those who invest private money privately in other individuals or corporations.

A classic indicator of a P2P transaction is when there is a single receiver of capital, from a single provider of capital; namely, a "peer-to-peer" lender; described as an individual or private corporation that uses private equity or non-multiple-investor-pooled fund, as a source of capital.

Investments may take the form of Equity (asset shared ownership) or Debt (loan or mortgage obligation) and may be marketed to the public by the investor-lender directly (privately),

To ensure safer, better and more efficient activities, it is suggested that all parties subject to a P2P transaction interact within an ecosystem certified for statutory, regulatory or process conformity. Proven through certification to a Quality Management System, namely, a member of the ISO 9000 family of standards) 3rd party technology platform providers, or via a network of industry professionals.

Peer-to-Peer (P2P) equity or debt transactions are also commonly described as "private equity" or "private lending" transactions.

Five (5) Equivalent, Synonymous Terms

• Peer-to-Peer (P2P)
• Private
• Crypto
• Secret
• Shadow

Generally, one would apply the complete compound word, terminological phrase: Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow in order to prevent confusion for those unfamiliar with any one synonymous and equivalence term.

Principle of Synonymity: Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow

Pursuant to seminal research and development, commercialization and international acceptance pursuant to registration of a “Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow” Electronic Finance System to the consensus based, Quality Management System standards of 119 countries by Mr. Anoop Bungay, founder of Bungay International Inc. (developer of the world's first electronic network, trading in real-estate and non-real estate-secured binary digit free trading securities), the term Peer-to-Peer in "peer to peer finance" possess the following equivalent (synonymous) terminology; in accordance with dictionary and thesaurus definitions:

• Private (for example: private lender, private investor or private borrower)
• Crypto (for example: cryptolender, cryptoinvestor or cryptoborrower); unlike the other terms, when the adjective "crypto" is applied, the resulting word is a "unitary" word.
• Secret (secret lender, secret investor or secret borrower)
• Shadow (echo, ghost, relic, trace, vestige)

Including a lexical/semantic/functional synonymy with the following “term of art”:

• Peer-to-Peer P2P (for example: peer-to-peer or P2P lender, peer-to-peer or P2P investor or peer-to-peer or P2P borrower)

In early years (circa 2005), the word "private" was the primary term used because Peer-to-Peer and it's acronym P2P was "too technical for retail use". In the case of the term Crypto, it's use in common finance discourse "only" became more "acceptable" in commerce in 2017 when the bitcoin boom started to become non-trivial. When reading the word "private", you may also interpret the word as "crypto".

Source:

A Brief History & Future of the Development of Global “Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow” Binary Digit Finance (BIT™ Brand Suite: BITFINANCE™, BITDEBT™, BITMORTGAGE®), Blockchain & Conformity: Systems, Technology, Services and Products: Before August 14, 2001 to Present Day by Anoop Bungay; For a detailed understanding of the terminology, concept system and related information.

Read the authoritative encyclopedia at origin.mqcc.org: Origin of a Specie™; by Anoop Bungay, published by MQCC Bungay International LLC (2019). Visit www.mqcc.org to learn more; or www.BITMORTGAGE®.com, to learn more.

Visit www.mqcc.org to request permission to read. Visit www.mqcc.org to learn more; or www.BITMORTGAGE®.com, to learn more.

Visit www.mqcc.org to request permission to read some public contents of: A Brief History & Future of the Development of Global “Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow” Binary Digit Finance (BIT™ Brand Suite: BITFINANCE™, BITDEBT™, BITMORTGAGE®), "Block Chain" & Conformity: Systems, Technology, Services and Products: Before August 14, 2001 to Present Day by A. K. (Anoop) Bungay; for a detailed understanding of the terminology, concept system and related information.

Dictionary definition of the term Private Lending

Cambridge Dictionary Definition of Private Lending

a ​person or ​organization that ​lends ​money to ​people who are having difficulty getting ​loans, usually at a ​higher ​rate than a ​bank would ​charge:

Many ​people are ​turning to ​small ​private ​lenders when the ​bankturns them down for a ​loan.

a ​private, not a ​government, ​organization that ​lends ​money:

The Federal Housing ​Administration does not make ​loans; it ​provides ​mortgage ​insurance to borrowers through a ​network of ​private ​lenders.

PEMI® Definition of a private investor-lender is: private individual or a non-public corporate entity who seeks to invest funds in financial instruments on a secured or unsecured basis.

Three (3) Regulatory Definitions of the term Private Lender

(1) Alberta Real Estate Council (Regulatory Body in Alberta, Canada) Definition of Private Lender

Private Lender. Any individual, group of individuals as in a syndicated mortgage or Mortgage Investment Corporation other than a financial institution that advances funds in return for a mortgage with agreed to repayment terms and conditions. Private lenders do not include chartered banks, treasury branches, credit unions, loan corporations, trust companies, and insurance companies, any persons engaged in the business of making loans secured with mortgages or any persons that manage registered pension plans. Source

(2) British Columbia, Canada Legislation Definition of Private Lender

In British Columbia, a private lender (individual or small non-public, corporate entity) is defined indirectly, as a person or entity that is NOT exempt from receiving a Lender Disclosure Statement (Form 9).

Exemptions from Obligation to Provide Form 9 Disclosure

A mortgage broker is exempt from the obligation to provide a mortgage lender with Form 9 Disclosure if the mortgage lender is a savings institution or another “sophisticated person” as defined in the Regulations to the Act: Division 7 — Exemptions from Sections of the Act

Exemption from section 14.1 of the Act/15. Source.

(3) Ontario, Canada Legislation Definition of Private Lender

In Ontario, a private lender (individual or small non-public, corporate entity) is defined indirectly, as a person not belonging to a "designated class". The designated class are persons or entities are not required to receive a Investor/Lender Disclosure form when dealing with mortgage transactions. Review of the designated classes clearly indicate that those persons who are required to receive the disclosure are persons who meet the definition of private individual.

Are certain investors/lenders not required to receive a completed Form 1 – Investor/LenderDisclosure Statement for Brokered Transactions?

Yes, under section 31 (2) of Ontario Regulation 188/08 Mortgage Brokerages: Standard of Practice, a completed Form 1 – Investor/Lender Disclosure Statement for Brokered Transactions does not need to be provided to a lender/investor that is a member of a designated class of lenders and investors. The definition for this designated class of lenders and investors is provided in section 2 (1) of Ontario Regulation 188/08. Source.

USA

MQCC offers suggestions to US Congressional Research Service respecting: a Peer-to-Peer Finance Ontology in relation to: Marketplace Lending: Fintech in Consumer and Small-Business Lending

See www.bitmortgage.org or www.mqcc.org (Global Network Administrator) to learn more.