Term structure notes on H100 and B200, the cross-generation ratio, and average-price settlement mechanics. Fixed cadence.
How the five sleeves are sized against one risk budget, and where the delta cap binds.
Governance, service providers, valuation policy, regulatory status and operating documents.
You tell us which statutory category you fall into.
Identity, sanctions and beneficial ownership screening through an independent provider. Under Rule 506(c), accreditation is verified by a third party.
Credentials issued to a single named account under an NDA. Reviewed annually, revoked on request.
| Category | Primary Standard | What It Opens |
|---|---|---|
| Accredited Investor | Individual income above $200,000, or $300,000 jointly, in each of the two most recent years. Or net worth above $1,000,000 excluding primary residence. Entities with assets above $5,000,000. Also Series 7, 65 and 82 holders in good standing. | Regulation D private placements under Rule 506(b) and 506(c), and Section 3(c)(1) funds |
| Qualified Client | At least $1,100,000 under management with the adviser, or net worth above $2,200,000 excluding primary residence, as periodically adjusted. | Required before a manager may charge performance fees or carried interest under the Advisers Act |
| Qualified Purchaser | Individuals and family companies holding at least $5,000,000 in investments. Entities investing at least $25,000,000 on a discretionary basis. | Section 3(c)(7) funds. All Qualified Purchasers are also Accredited Investors |
| Eligible Contract Participant | Individuals with at least $10,000,000 in total assets, or $5,000,000 if the transaction hedges a commercial risk. Entities on comparable tests. | The Commodity Exchange Act threshold for over-the-counter derivatives, swaps and forward transactions |
| Qualified Institutional Buyer | Institutions owning and investing at least $100,000,000 in securities on a discretionary basis. $10,000,000 for registered broker-dealers. | Rule 144A resales and institutional private markets |