Bitcoin and blockchain from a consumer protection perspective. Dr. Evripides Rizos, European University Cyprus
|
|
- Elizabeth Reeves
- 7 years ago
- Views:
Transcription
1 Bitcoin and blockchain from a consumer protection perspective
2 BITCOINS AND CONSUMER RIGHTS DIRECTIVE (CRD) Is payment with bitcoins an obstacle to the consumer s right to withdraw? Art Consumer Rights Directive If not, what shall have the trader to reimburse in case of withdrawal?
3 LEGAL STATUS : HOW BITCOIN SHOULD BE LEGALLY TREATED Mostly unregulated Bitcoin is not a legal tender Case to case judgement. Examples : VAT Directive Electronic Money Directive Payment Services Directive 2
4 CONSUMER RIGHTS DIRECTIVE (2011/83/EU) Art. 6 : Information requirements for distance contracts (e.g. e-commerce) Art : Consumer s right of withdrawal (even without reason) Time limit : 14 days. Can be extended. Information requirements about the right of withdrawal. Art. 6 (1) (h) (k) Exercise of the right of withdrawal reimbursement of payments / return of the goods
5 IS PAYMENT WITH BITCOINS A HINDRANCE TO THE RIGHT TO WITHDRAW? Concept of consumer Sales or services contract Is payment with bitcoins a payment? Exception to the right of withdrawal of Art. 16 (b) A right of withdrawal shall not be provided with regards to distance and off-premises contracts in respect of the supply of goods or services for which the price is dependent on fluctuations in the financial market which cannot be controlled by the trader and which may occur within the withdrawal period Conclusion : Payment with bitcoins cannot be an obstacle.
6 EXERCISE OF THE RIGHT TO WITHDRAW Art. 13 (1) : The trader shall reimburse all payments received from the consumer, using the same means of payment. In which currency? In which value?
7 PAYMENT IN A FOREIGN CURRENCY European Commission : The trader should refund the full amount paid by the consumer in the currency of the payment. Decisive is the money of account, the currency in which the price was denominated in the contract, as the measure of the consumer s obligation.
8 Source :
9 PAYMENT WITH BITCOINS - COMMON PRACTICE : AGREEMENT The traders, who accept bitcoins, include usually into the contracts a refund policy. They reimburse the value of the price denominated in a state currency. E.g. Price : 600 Value of the reimbursement 600. Some reimburse by means of state currency (600 ). Others reimburse by means of bitcoins. E.g. : Price : 600 paid with 3 bitcoins (BTC to Euro exchange rate at the moment of payment : 200/1). BTC to Euro exchange rate at the moment of reimbursement : 300/1 The consumer receives 2 bitcoins ( equivalent to 600 ) Validity of the agreement
10 PAYMENT WITH BITCOINS DENOMINATION OF THE PRICE IN A STATE CURRENCY In most cases prices are denominated in a state currency, even when the consumer pays with bitcoins. Bitcoins are not a different currency option, but an alternative method of payment
11 Source :
12 PAYMENT WITH BITCOINS DENOMINATION OF THE PRICE IN A STATE CURRENCY Most of the traders who accept bitcoins do not actually receive bitcoins. The consumer pays the price in bitcoins to a bitcoin exchanger and the bitcoin exchanger pays instantly the price in a state currency to the trader. Value of reimbursement : The nominal value of the price, denominated in a state currency. Means of reimbursement : the bitcoin exchanger conveys to the consumer the amount of bitcoins equivalent to the value of the price in state currency. E.g. : Price : 600 paid in 3 bitcoins (BTC to Euro exchange rate at the moment of payment 200/1) BTC to Euro exchange rate at the moment of reimbursement : 150/1. The consumer shall receive 4 bitcoins.
13 PAYMENT WITH BITCOINS DENOMINATION OF THE PRICE IN A STATE CURRENCY Same solution in cases, where prices are denominated in a state currency, but no bitcoin exchanger is involved. Means of reimbursement : Direct conveyance of bitcoins from the trader to the consumer. Amount of bitcoins to be reimbursed : The equivalent to the nominal value of the price at the moment of the reimbursement.
14 PAYMENT WITH BITCOINS : DENOMINATION OF THE PRICE IN BITCOINS Very rare cases, where prices are denominated only in BTC Source :
15 PAYMENT WITH BITCOINS DENOMINATION OF THE PRICE IN A STATE CURRENCY Object of reimbursement : The exact amount of bitcoins paid Risks for both parties Increase/Decrease of bitcoin s value Information duty about the bitcoin s volatility? No specific information duty Compatibility with the goal of the effectiveness of the right of withdrawal The effectiveness of the right of withdrawal is not an ultimate goal of the CRD This solution is not incompatible to the goals of the CRD
16 CONCLUSION The use of bitcoins does not rule out the application of the rules of the CRD. The consumer receives the nominal value of the price denominated in a state currency, when : 1. There is an agreement between the parties. 2. The price was denominated in a state currency, even if the consumer was provided with the ability to pay with bitcoins. The consumer receives the amount of bitcoins paid, if the price was denominated only in bitcoins
17 THANK YOU!
UNION BANK UK PLC CURRENT ACCOUNTS KEY FEATURES
UNION BANK UK PLC CURRENT ACCOUNTS KEY FEATURES Version 3 February 2016 This document sets out the key features of our Current Accounts for personal and business customers. You should read it carefully
More informationEuropean VAT and virtual currencies
European VAT and virtual currencies Roger van de Berg Baker & McKenzie International is a Swiss Verein with member law firms around the world. In accordance with the common terminology used in professional
More informationBitsquare arbitration system
Bitsquare arbitration system Version 1.0 (last edited: January 03 2016) Arbitrator selection 1 The user must select at least one arbitrator when doing a trade. He can only select among arbitrators with
More informationCONDITIONS OF PAYMENT SERVICES AGREEMENT
CONDITIONS OF PAYMENT SERVICES AGREEMENT Effective as of 01.01.2011 1. GENERAL PROVISIONS 1.1. The Payment Services Agreement a.k.a current account agreement (hereinafter the Agreement) is an agreement
More informationInternational Contracts and Currency Fluctuations
Andreas Meidell International Contracts and Currency Fluctuations CAPPELEN AKADEMISK FORLAG Contents 1 INTRODUCTION 15 1.1 The subject 3 15 1.1.1 Currency risks 15 1.1.2 Special challenges of the subject
More informationComStage 1. ComStage 1 DAX UCITS ETF. Issuer: Commerz Funds Solutions S.A. 29 June 2016
PRODUCT KEY FACTS ComStage 1 ComStage 1 DAX UCITS ETF Issuer: Commerz Funds Solutions S.A. 29 June 2016 Quick facts This is an exchange traded fund. This statement provides you with key information about
More informationBitcoin and Beyond: The Possibilities and Pitfalls of Virtual Currencies
Bitcoin and Beyond: The Possibilities and Pitfalls of Virtual Currencies David Andolfatto* Vice President Federal Reserve Bank of St. Louis March 31, 2014 *The views and opinions expressed here are my
More informationSimplify your national and international transactions with AccèsD Affaires
g00 Simplify your national and international transactions International Funds Transfers g01 How it works Nothing could be more simple worldwide! AccèsD Affaires makes business easier by letting you transfer
More informationAccount & Miscellaneous Schedule of Fees. Effective September 12, 2012
Account & Miscellaneous Schedule of Fees Effective September 12, 2012 Table of Contents Your Guide to Service Fees... 1 Individual Accounts... 2 Regular Checking... 2 Interest Checking. 2 ATM only Checking
More informationBuilding Payment Solutions with Bitcoin. Pierre Noizat EPCA Payment Summit 2013 Brussels
Building Payment Solutions with Bitcoin Pierre Noizat EPCA Payment Summit 2013 Brussels 1 Agenda 1. Why Bitcoin? 2. Bitcoin : an open source protocol 3. A new generation of payment platform 4. Bitcoin
More informationCampbell & McConnachie Terms of Business Letter
Campbell & McConnachie Terms of Business Letter This is our supplementary client agreement which should be read in conjunction with the Key Facts about our services and costs document which was provided
More informationSolutions: Sample Exam 2: FINA 5500
Short Questions / Problems Section: (88 points) Solutions: Sample Exam 2: INA 5500 Q1. (8 points) The following are direct quotes from the spot and forward markets for pounds, yens and francs, for two
More informationINFORMATION ON THE PUBLIC JOINT-STOCK COMPANY INVL BALTIC FARMLAND FORMED IN THE SPLIT OFF
INFORMATION ON THE PUBLIC JOINT-STOCK COMPANY INVL BALTIC FARMLAND FORMED IN THE SPLIT OFF On the basis of those Terms, 47.95 percent of the total assets, equity and liabilities of the public joint-stock
More informationLimit for cash payments in EU
Limit for cash payments in EU Country France Germany Malta Hungary Cyprus Finland Portugal 3000 for fiscal residents in France (15 000 for the non residents acting as a consumer 3000 if they act as a trader).
More informationLimited Company Online Portal
Limited Company Online Portal Understanding your new Online Portal Raise an invoice - To be paid for your work you will need to raise invoices and send them to your clients. To ensure you create professional
More informationCustomer Support Guide
Customer Support Guide v0.1 BitPay, Inc. https://bitpay.com 2014 BITPAY, Inc. All Rights Reserved. 1 Table of Contents Introduction Contacting Support Payment Data Common Payment Exceptions Underpayment
More informationa) Forint sight account interest 0% p.a. 0% p.a. a) Foreign currency sight interest for all currencies 0% p.a. 0% p.a.
Corporate Payment Account List of Conditions Part I. Effective from 15th of April 2014 General Conditions This List of Conditions is an inseparable part of the General Business Conditions and the General
More informationGuideline Phasing Out the Penny (July 2013)
Guideline Phasing Out the Penny (July 2013) The Federal government announced it was phasing out the cent (penny) from Canada s coinage system and beginning February 4, 2013 the Royal Canadian Mint no longer
More informationINVESTOR S TRANSACTION
INTERNATIONAL PORTFOLIO BOND INVESTOR S GUIDE TO THE TRANSACTION ACCOUNT International Portfolio Bond INVESTOR S GUIDE TO THE TRANSACTION ACCOUNT. This is an important document. Please keep it safe for
More informationBitIodine: extracting intelligence from the Bitcoin network
BitIodine: extracting intelligence from the Bitcoin network Michele Spagnuolo http://miki.it michele@spagnuolo.me @mikispag Bitcoin BitIodine About Bitcoin Decentralized, global digital currency A global
More informationMulticurrency. Chapter 1: Multicurrency Overview 110. Chapter 2: To set up Multicurrency 119. Chapter 3: Updating foreign currencies 122
Multicurrency Table of Contents Chapter 1: Multicurrency Overview 110 What is Multicurrency? 110 Setting up Multicurrency 114 Updating foreign currencies 116 Deleting foreign currencies 116 Recording unrealised
More informationGUIDANCE NOTE 1.5.2 Cost Control: Price Variation Clauses
GUIDANCE NOTE 1.5.2 Cost Control: Price Variation Clauses Office of Government Procurement Cost Control: Price Variation Clauses Document Reference GN 1.5.2 v1.0 22 January 2016 2016 Department of Public
More informationBasic Plus II. Both Flexible Savings and Life Protection under One Single Policy
Basic Plus II Both Flexible Savings and Life Protection under One Single Policy Basic Plus II ( the product ) gives you the opportunity to earn interest returns while acquiring comprehensive life protection,
More information2. Wherever the following words appear in these Regulations, they shall have the following meanings:
Regulation concerning application process for granting SSL Certificates I. General Provisions 1. The Regulations define rules of service provision of application process for granting SSL Certificates by
More informationKEY INFORMATION DOCUMENT
KEY INFORMATION DOCUMENT PSG WEALTH CURRENCY FUTURES TRADING ACCOUNT TRADING ACCOUNT PAGE 0 This document is a summary of key information about the PSG Wealth currency futures trading account. It will
More informationHow To Connect Bitcoin To A Bank Account
Bridging Crypto Currencies to traditional payment systems Miles Paschini Dec 4 th, 2014 2 Wave Crest Licensed emoney issuer in Gibraltar Principal members of Visa and MasterCard Transaction processor Clearing
More informationFree Download Stock And Option Trading. borrow digital books online. >** Click Here to Download Stock And Option Trading. Now **<
Free Download Stock And Option Trading. borrow digital books online >** Click Here to Download Stock And Option Trading. Now **< Options Trading - Fidelity Conservative Options Trading For Individual Investors...
More informationAccurate cheque writing When writing or accepting a cheque, ensure that all details are correct to avoid unpaid cheque Charges.
Business Banking Schedule of Charges - Great Britain June 2011 Introduction Bank of Ireland UK offers many free services, but where Charges are applied this fact sheet explains them and how it is possible
More informationInstruction CPO/CEB/2001/04. On Transactions with Foreign Currency Deposit Accounts. I. Authority
Instruction CPO/CEB/2001/04 On Transactions with Foreign Currency Deposit Accounts I. Authority The Central Payments Office (CPO) issues this Instruction pursuant to the provisions of section 25.a of UNTAET
More informationBusiness Banking Deposit Accounts
Business Banking Deposit Accounts Additional Conditions For HSBC: Business Money Manager and Community Savings Accounts International Fixed Term Deposits as of 30 June 2016. Table of Contents How to reach
More informationGuidelines on the conversion of company share capital from Maltese lira into euro. Guideline: NECC/0006/06
Guidelines on the conversion of company share capital from Maltese lira into euro. Guideline: NECC/0006/06 Version 1.0 29 th May 2006 These guidelines have been endorsed by the National Euro Changeover
More informationUK Government call for views
DRAFT DIRECTIVES ON THE ONLINE SALE OF DIGITAL CONTENT AND TANGIBLE GOODS UK Government call for views JANUARY 2016 Contents Draft Directives on the online sale of digital content and tangible goods...
More informationNordea Bank AB Lithuania branch Price List for corporate customers Valid from 1 st of September, 2016. Contents
Contents DAILY BANKING... 2 BANK ACCOUNTS...2 ELECTRONIC SERVICES...2 Nordea Electronic Banking... 2 Nordea Internetbank for... 2 Package of daily banking services for corporate... 2 Web Service channel...
More informationQ: What discounts do I get when I purchase my account in $100 increments?
Overview Q: What is the Education Pack - online account? A: The IBM Education Pack - online account is a convenient way for customers to purchase IBM Training offerings. The Education Pack - online account
More informationING Europe Invest Autocall 2020
5,00% potential annual yield Maturity: 4 years maximum Risk profile: see page 4 Capital not guaranteed at Maturity by the Issuer Risk class peculiar to ING Luxembourg* 0 1 2 3 4 5 6 Description ING Europe
More informationFISCAL ASPECTS REGARDING TRADING COMPANIES IN ROMANIA
FISCAL ASPECTS REGARDING TRADING COMPANIES IN ROMANIA Author: Dragomir & Asociatii Law Office Law Firm: Dragomir & Asociatii Law Office Published on: August 2011 Updated on: August 2011 1. Premises In
More informationTHE WORLD BANK. Disbursement Guidelines For Projects
THE WORLD BANK Disbursement Guidelines For Projects MAY 2006 WORLD BANK DISBURSEMENT GUIDELINES FOR PROJECTS LOAN DEPARTMENT May 1, 2006 Copyright 2006 The International Bank for Reconstruction and Development/
More informationKARATBARS MASTERCARD DEBIT CARD
KARATBARS MASTERCARD DEBIT CARD This update is effective May 6, 2015 and after You can order your Karatbars Mastercard Debit Card NOW (asap). Just login at www.karatbars.com and under Product Purchase
More informationClient Accounts. Additional Conditions. For all HSBC Clients Deposit and Currency Client Accounts as of 6 April 2016.
Client Accounts Additional Conditions For all HSBC Clients Deposit and Currency Client Accounts as of 6 April 2016. Table of Contents Page How to reach us 3 If you have a disability 3 1. What you should
More informationAct CXXXIX of 2013. on the National Bank of Hungary 1 PART ONE. Legal Status and Primary Objective, Tasks and Organization of the Magyar Nemzeti Bank
Act CXXXIX of 2013 on the National Bank of Hungary 1 Pursuant to Articles 41 and 42 of the Fundamental Law, Parliament has adopted the following Act on the Magyar Nemzeti Bank (National Bank of Hungary),
More informationOnline Investments. Our Fund Range and Investments
Online Investments Our Fund Range and Investments Why is it important to read this document? This document explains the funds available for you to invest in through our Investment ISA, which is a Stocks
More informationAccount Charges Leaflet
Account Charges Leaflet Your guide to charges you can expect on your Current Account, Current Account Plus, Student Current Account, Privilege and Privilege Premier Current Account The services, charges
More informationManaging Foreign Exchange Risk with EDC Guarantees
WHITE PAPER Managing Foreign Exchange Risk with EDC Guarantees As any exporter knows, changes in the foreign exchange (FX) rate of the Canadian dollar can present unpredictable risks to your profit margins
More informationSage Online Solutions
Safe and simple online accounting and payroll for small businesses 1 Overview Introduction Times are changing. Like the way we do our weekly food shop or research the latest gadget, more and more people
More informationFUTURE TRADER ZAR Cost Profile
FUTURE TRADER ZAR Cost Profile 1 Future Trader Cost Profile The rates, fees and charges detailed below, along with the relevant notes, explain the charges applicable to your trading account with GT247.com,
More informationForeign Representative Offices in Romania
Foreign Representative Offices in Romania GUIDE FOR THE ORGANISATION AND FUNCTIONING OF FOREIGN REPRESENTATIVE OFFICES IN ROMANIA Although the legal status of representative offices of foreign commercial
More informationICBC (Europe) S.A. Amsterdam Branch. Product Information. Saving Account and Time Deposit
ICBC (Europe) S.A. Amsterdam Branch Product Information Saving Account and Time Deposit V e r s i o n 2 0 1 5 1 Table of Content 1. What can you expect?... 3 2. Introduction... 3 3. The main features...
More informationLet s go international!
Let s go international! Smart Strategies for Cross-border e-commerce Presented by: Julian Wallis Head of Sales julian.wallis@ingenico.com - +44 (0)7884 005565 - @julianwallis Facts and figures / Ingenico
More informationINVESTMENTS FOR LIVING. Introducing Lifestyle Portfolios
INVESTMENTS FOR LIVING Introducing Lifestyle Portfolios I WANT INVESTMENTS THAT GIVE ME FLEXIBILITY AND CHOICE Lifestyle Portfolios from Lloyds Bank International help you keep pace with the ever-changing
More information4. FINANCIAL PLANNING AND HOW WE CHARGE FOR IT
Client Agreement 1. INTRODUCTION This agreement sets out the terms under which our services are to be provided, including details of the specific services and a summary of our charges for those services.
More informationipayu TM Prepaid MasterCard FREQUENTLY ASKED QUESTIONS
ipayu TM Prepaid MasterCard FREQUENTLY ASKED QUESTIONS What is the ipayu Prepaid The ipayu Prepaid MasterCard provides parents with a convenient, safe way to send money to their students. Students can
More informationInternational Payment Terms and Conditions Effective March 17 2015
Effective March 17 2015 1. What you need to know about these terms and conditions These International Payment Terms and Conditions apply to your International Payments made using the Electronic Banking
More informationExecutive Summary. Summary of the National IT and Telecom Agency's 'Analysis of prices and costs for mobile data services abroad'
Executive Summary Summary of the 's 'Analysis of prices and costs for mobile data services abroad' The EU Roaming Regulation, which entered into force in 27, contains an obligation on the Commission to
More informationTopic Exploration Pack
Topic Exploration Pack Foreign Exchange Activity 1 Jenny lives in the United Kingdom and is going on a trip round the world. She will travel to France, the United States, Japan, Australia, Thailand and
More informationIndex, Interest Rate, and Currency Options
CHAPTER 3 Index, Interest Rate, and Currency Options INTRODUCTION In an effort to gauge the market s overall performance, industry participants developed indexes. Two of the most widely followed indexes
More informationUpgrade from Sage Instant Accounts v15
Upgrade from Sage Instant Accounts v15 Sage Instant Accounts 2014 is the market-leading software that puts you in control of your cashflow. Whether you re dealing with quotes and invoices, customers or
More informationMechanics of Foreign Exchange - money movement around the world and how different currencies will affect your profit
Dear Business Leader, Welcome to the Business Insight Seminars an exclusive, informational series to help you gain a powerful edge in today s highly competitive business environment. Our first topic in
More informationPayment Acceptance Strategies in a Global Ecommerce Environment
A division of Pivotal Payments Payment Acceptance Strategies in a Global Ecommerce Environment Presented by: Patrick Huynh, Senior Vice President, Client Solutions Introduction About GlobalOne GlobalOne
More informationBRANDES INTERNATIONAL EQUITY FUND. Summary Prospectus
BRANDES INTERNATIONAL EQUITY FUND Summary Prospectus Class I Ticker Symbol: BIIEX Class E Ticker Symbol: BIEEX Class A Ticker Symbol: BIEAX Class C Ticker Symbol: BIECX Class R6 Ticker Symbol: BIERX February
More informationInstant Access Account Conditions (October 2015)
Instant Access Account Conditions (October 2015) Business Account means a current account that we open for a Business, whether in a customer s own name, a trading name, or in the name of a company, partnership
More informationSage 50 Accounts Construction Industry Scheme (CIS)
Sage 50 Accounts Construction Industry Scheme (CIS) Copyright statement Sage (UK) Limited, 2012. All rights reserved We have written this guide to help you to use the software it relates to. We hope it
More informationCommercial Customer Foreign Currency accounts
Commercial Customer Foreign Currency accounts A Customer Foreign Currency account is a useful mechanism for managing the flows of foreign currency. Customer Foreign Currency accounts Companies active in
More informationIndices. 1. Trading Hours
Notice This product summary should be read in conjunction with our Terms of Business. Whilst every effort has been made to ensure the accuracy of the guide, this information is subject to change, often
More informationGENERAL TERMS AND CONDITIONS FOR EURO-DENOMINATED PAYMENTS WITHIN SEPA
1 (5) GENERAL TERMS AND CONDITIONS FOR EURO-DENOMINATED PAYMENTS WITHIN SEPA These general terms and conditions are valid from 1.6.2010. If there is any inconsistency between the different language versions,
More informationINTERNATIONAL MONEYMOVER. Terms and Conditions
INTERNATIONAL MONEYMOVER Terms and Conditions April 2016 Guidance Notes For Completing The International Moneymover Application Form And Useful Information Always complete the form in CAPITAL letters using
More informationFrequently Asked Questions
Frequently Asked Questions CARD & CARD APPLICATION... 2 What is the Wizz Prepaid Travel Card?... 2 What are the requirements to get the Card?... 2 How do I apply for a Wizz Prepaid Travel Card?... 3 What
More informationPension Plan for Employees of Ontario College of Art & Design University [Ontario Registration Number 0284455] September 30, 2011
Financial Statements Pension Plan for Employees of Ontario College of Art & Design University [Ontario Registration Number 0284455] INDEPENDENT AUDITORS' REPORT To the Pension Committee of the Pension
More informationUNION BANK UK PLC CURRENT ACCOUNT KEY FEATURES
UNION BANK UK PLC CURRENT ACCOUNT KEY FEATURES Version 2.0 July 2012 Authorised and regulated by the Financial Services Authority This document sets out the key features of our Current Account for personal
More informationPublished Call for Quotations QMFA 080/2015
QMFA 080/2015 Page 1 of 6 16 th October, 2015 Published Call for Quotations QMFA 080/2015 CLOSING DATE: Friday 30 th October, 2015 at 10:00 hours The Ministry for Foreign Affairs needs the following item/s:
More informationMFFA Belastingadvies Tax Advice
MFFA Belastingadvies Tax Advice Specialized in Expats and International Companies Amsterdam Zwolle Assen The Netherlands VAT in Europe an introduction General comments European Union: 27 member states
More informationGERMAN PUBLIC SECTOR FINANCE B.V. Amsterdam, The Netherlands INTERIM REPORT AS AT 30 JUNE 2011
Amsterdam, The Netherlands INTERIM REPORT AS AT 30 JUNE 2011 Table of contents Responsibility Statement Page 1 Management Report Page 2-3 Financial Statements Balance Sheet as at 30 June 2011 Page 4 Profit
More informationNotice of Change in Terms for your Deposit Accounts. Redding Bank of Commerce Deposit Accounts Account Terms and Conditions
Notice of Change in Terms for your Deposit Accounts Terms outlined in this Change in Terms document, the enclosed Deposit Account Agreement and the enclosed Schedule of Fees and Services of Redding Bank
More informationPlus500AU Pty Ltd. Product Disclosure Statement
Plus500AU Pty Ltd Product Disclosure Statement Product Disclosure Statement Our Contact Details Issuer: PLUS500AU Pty Ltd ACN 153 301 681 Address: Level 19, 1 O Connell Street Sydney NSW 2000 Australia
More informationNew Sage 50 Accounts Version differences helping you to...
New Sage 50 Accounts Version differences helping you to... Get up and running New diary with views by day, week, month Recurring tasks/events Delegate tasks (network versions only) Diary synchronisation
More informationSw itching your personal account to Danske Bank. It has never been easier
Sw itching your personal account to Danske Bank It has never been easier Switching your personal account to Danske Bank is easy This is a guide to switching your personal accounts from another financial
More informationSole Trader Account Mandate
Sole Trader Account Mandate (for transacting with Bank of Ireland Global Markets in the Republic of Ireland) Global Markets Completion Instructions CUSTOMER CHECKLIST Proof of PPS* provided (interest earning
More informationApplication for Tertiary Education Withdrawal
For assistance with completing this form please go to www.whairawa.com, or contact us on 0800 WHAI RAWA (0800 942 472). Please note processing of request will normally take up to five working days from
More informationContract. Developmental evaluation of the Business with Impact -program
Contract draft 1 (8) Contract Developmental evaluation of the Business with Impact -program Contract draft 2 (8) Table of contents 1. Parties... 3 2. Contact Persons... 3 3. Object of the Contract... 4
More information10. MONEY SETTLEMENT. 10.1 Introduction. 10.1.1 Repealed. 10.1.2 Direct Debit Mandate. 10.1.3 Change of Designated Bank or Settlement Bank
10. 10.1 Introduction Unless otherwise specified by SEOCH, the money settlement process of SEOCH will be effected by cash in the Settlement Currency transferred between the bank accounts of SEOCH maintained
More informationTiming the Trade How to Buy Right before a Huge Price Advance
Timing the Trade How to Buy Right before a Huge Price Advance By now you should have read my first two ebooks and learned about the life cycle of a market, stock, or ETF, and discovered the best indicators
More informationLondon Branch Interest Rate & Charges Guide for Personal Banking
London Branch Interest Rate & Charges Guide for Personal Banking Effective from November 2009 Your Guide to our charges for personal accounts. If you have a personal account with us, this guide tells you
More informationCash Passport Prepaid Travel Money Card Fees and Limits
As a prepaid currency card. Cash Passport is all about putting you in control of your holiday money and making it easier to budget for your trip away. All charges are clear upfront so you ll know exactly
More informationLump Sum Pension Withdrawal (1)
Lump Sum Pension Withdrawal (1) Procedures for filing for the lump sum withdrawal payment (see General Information Handbook) According to a law passed in 1994, all foreigners who pay into the Japanese
More informationRevenue s Construction Industry Project. 1.0 Registration with Revenue as a principal contractor.
Revenue s Construction Industry Project As part of the Construction Industry Project 2006, Revenue will be looking at the tax affairs of principals and subcontractors for all taxes. This article looks
More informationCASH: CASH CONTROLS C-173 ACCOUNTING MANUAL Page 1. Contents. I. Introduction 2. II. General Description of Cash Operations 2
ACCOUNTING MANUAL Page 1 CASH: CASH CONTROLS Contents I. Introduction 2 II. General Description of Cash Operations 2 III. Bank Account Controls 3 A. Regulations Governing Bank Accounts 3 B. Establishment
More informationCOMMISSION TRADING: STOCKS AND ETFS INVESTMENT FUNDS ACCOUNT FEES ACCOUNT MAINTENANCE FEES. Commission Rates. Trades > 250,000.
COMMISSION TRADING: STOCKS AND ETFS Market Commission Rates Trades > 250,000 US, Canada, UK 14.95 0.03% France, Belgium, Netherlands (Euronext), Germany 29.95 0.08% All Other Global Markets 49.95 0.09%
More informationPayment Systems in Public Transport. SASITS Workshop Innovation Hub 12 October 2005
Payment Systems in Public Transport SASITS Workshop Innovation Hub 12 October 2005 Electronic Methods for Making Retail Payments Retail Payment Mechanisms On-line payment systems Credit cards Debit cards
More informationEMU Annex with guidance notes
EMU Annex with guidance notes PSA/ISMA Global Master Repurchase Agreement Additional terms and conditions relating to European Economic and Monetary Union 1. Interpretation In this Annex - euro means the
More informationRules of the Alpari Cashback Program
Rules of the Alpari Cashback Program Version: May 2016 Table of Contents 1. Introduction... 3 2. Participation... 3 3. The Main Concept... 4 4. Premium Status and the Alpari Cashback Program... 4 5. Calculations...
More informationDecision concerning 1) funds transfer and 2) failure of Stop Loss Forex trading platform Complaints not upheld
Heading: Decision concerning 1) funds transfer and 2) failure of Stop Loss Forex trading platform Complaints not upheld A v D [2012] FDRS August 2012 1. Issues Complaint 1 The first complaint relates to
More informationGuidelines for Cross Border Arrangements under the Pension Reform Act
PenCom Guidelines for Cross Border Arrangements under the Pension Reform Act RR/P&R/08/016 www.pencom.gov.ng About this Guidelines The Guidelines for Cross Border Arrangements is divided into four (4)
More informationSberbank of Russia (Moscow), Custody Services Fee Schedule for Legal Entities, effective from March 1, 2015
Custody Account Opening RUB 2,000 except for: Сustody account opening for banks RUB 500 Sberbank of Russia (Moscow), Custody Services Fee Schedule for Legal Entities, effective from March 1, 2015 Execution
More informationSweden. www.postalconsumers.org/pfi MARKET COMPETITION: Very Competitive. MARKET FREEDOM: Free Market. MARKET FREEDOM: Restricted Market
S W E D E N Consumer Postal Council Index of Postal Freedom 2012 P O S T E N MARKET FREEDOM: Restricted Market MARKET COMPETITION: Very Competitive MARKET COMPETITION: Not Competitive Sweden MARKET FREEDOM:
More informationChanges to your Terms and Conditions. Important Information
Changes to your Terms and Conditions Important Information Contents Section 1: Summary of Changes 4 5 Section 2: Detailed Changes to our Terms and Conditions 6 8 Changes to our General Conditions Protecting
More informationFEE REFUND POLICY - VOCATIONAL PROGRAMS
As Prescribed under s. 25 to 33 of O.Reg. 415/06, PCC Act, 2005, Province of Ontario Full refunds 25. (1) A private career college shall refund all of the fees paid by a student under a contract for the
More informationPayment transactions and account management. Our best conditions for you
₈₉ Payment transactions and account management Our best conditions for you ₈₉ 01 The right payment order for you Whether you make payments in Swiss Francs or foreign currencies we offer you a wide range
More informationLatvian Central Depository Regulation No. 5 On DVP Settlements for Over-the-Counter Transactions
Latvian Central Depository Regulation No. 5 On DVP Settlements for Over-the-Counter Transactions APPROVED by the Latvian Central Depository Council Meeting on 27 October 2006 AMENDMENTS APPROVED At the
More informationTRADING EXAMPLES. Foreign Exchange. Trading examples. Halifax New Zealand
TRADING EXAMPLES Halifax New Zealand New Zealand Financial Services Register 146605 AIG Building, Level 11/41 Shortland Street Auckland City 1010 New Zealand as Introducing Broker for Halifax Investment
More informationVaughan Asset Allocation Investment Program
12/31/2015 Investment Advisors To Multigenerational Investors Member FINRA & SIPC 1 A Separately Managed Account Description: The invests in various asset class securities, commonly Exchange Traded Funds
More informationHealth Information and Insurance
Dear Parents/Guardians of UWSP Study Abroad Students: UWSP International Programs is delighted that your student has accepted the challenge and opportunity of studying abroad. We hope that you are excited
More information