Settlements SA is a Belgian-based company that intends to purchase, manage and sell Second Hand Insurance Policies (SMPs) pertaining to assured fund, with the aim of providing returns above the market average to its investors. SMPs are prodominantly sold by elderly insured, who expect to obtain a selling price in the life settlement market that exceeds the surrender value that they would be paid if they were to surrender their life insurance policies to the underwriting insurance company. To finance the purchasing of SMPs, the Company intends to issue debts notes to publicly offer them for subscription in Belgium and also list them on Alternext Brussels, a MTF organized by Euronext Brussels at NYSE Euronext group. The aim of the Company is, to continue to identify new SMPs Portfolio and finance their purchasing through the issue of new debts notes. In June 2013, sold its stake in L.S. Portfolio 1 SPRL.