Exchange-Cancel Auction Rate Lending Pool Offer-Democratized Prime

This content is for informational purposes only and does not constitute financial advice.

This article will show users how to cancel an existing offer in their Demo Prime Pool.  Note: this will be a lending offer in the Dutch Auction Pools. 

1. Open up the Figure Markets App on your mobile device
2. Navigate to Activity from the dashboard
3. Scroll over to the Lending tab
4. Toggle over to Auction Rate Pools
5. Click into the Pool in which you want to cancel
6. Tap on that offer and click the red Cancel Offer at the bottom of the screen
7. Please note:  The cancellation will take place at the top of the hour.  It will show Pending cancellation until the top of the hour.  

This content is for informational purposes only and does not constitute legal or financial advice. This communication is not an offer to lend, extend credit, sell nor a solicitation of an offer to buy securities, tokens, or any digital assets.

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YLDS are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (FCC), who is the issuer of the certificates. As a subsidiary of Figure Markets Holdings, Inc., FCC is (absent exclusion or exemption) required to comply with certain limits on its activity, including investment and/or trading limitations on its portfolio and other limitations under applicable banking and securities laws. FCC is not a bank, and the securities it offers are not deposits or obligations of, or backed or guaranteed or endorsed by, any bank or financial institution, nor are they insured by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board or any other agency. The Certificates are not an insurance company product, an equity investment, or an investment in a money market mutual fund. FCC’s qualified assets on deposit may exceed the deposit amounts required by applicable regulations. If there are losses on FCC’s assets, FCC may not have sufficient resources to meet its obligations, including making interest and/or principal payments on your certificates. Most of FCC’s assets are debt securities and are subject to risks including credit risk, interest rate risk and prepayment and extension risk. You could lose money by investing in the YLDS. Although the certificates seek to preserve the value of your investment at $0.01 per share, it cannot guarantee it will do so. You should consider the investment objectives, risks, charges and expenses of certificates carefully before investing. Download a free prospectus, which contains this and other important information about our certificates. Read the prospectus carefully before you invest. Figure Certificate Company Prospectus available HERE.

Interest rate applicable to all Certificates is the overnight Secured Overnight Financing Rate (“SOFR”) less 35 basis points, with a minimum rate of 0.00%. SOFR stands for the Secured Overnight Financing Rate (SOFR), which is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. For more information, please visit the Federal Reserve Bank of New York’s Website by clicking HERE.

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Democratized Prime is a decentralized protocol integration (see https://www.figuremarkets.com/disclosures/figure_decentralized_integration_terms_and_conditions/) made available through Figure Markets and involves substantial market, liquidity, collateral, blockchain, smart contract, and operational risks, including the potential loss of principal or collateral. More information available, including the Terms of Service of the Decentralized Protocol Integration, at figuremarkets.com/disclosures