{"id":339,"date":"2021-03-05T11:05:47","date_gmt":"2021-03-04T22:05:47","guid":{"rendered":"https:\/\/www.techemynt.com\/?page_id=339"},"modified":"2023-02-16T13:06:57","modified_gmt":"2023-02-16T00:06:57","slug":"terms-conditions","status":"publish","type":"page","link":"https:\/\/www.techemynt.com\/terms-conditions\/","title":{"rendered":"Terms and Conditions"},"content":{"rendered":"
Techemynt NZDS Terms and Conditions<\/strong><\/p>\n Last updated: February 2023<\/p>\n These Terms relate to your rights and your obligations to us in connection with NZDS, any Account you hold with us and our Website.<\/p>\n When we say Techemynt<\/strong>, we<\/strong>, us<\/strong> or our<\/strong>, we mean Techemynt Limited.\u00a0 We also refer to Techemy Advisory Limited <\/strong>(Techemy Advisory<\/strong>), a related company, which may direct us in certain cases in accordance with these Terms or the Bare Trust Deed.<\/p>\n An NZDS is a digital representation of ownership of a New Zealand dollar (or Cash Equivalent) Trust Asset held on bare trust by Techemynt, on the terms of the Bare Trust Deed.<\/p>\n If we permit you to create an Account with us or access the Website, you are deemed to unconditionally accept and agree to these Terms by electronic means pursuant to the CCLA.<\/p>\n Please note that merely holding NZDS does not create any contractual relationship with us.\u00a0 Your rights in respect of the NZDS are a matter of trust law only, and these are subject to Applicable Law, whereby you cannot become our customer in order to redeem NZDS until you create an Account with us (including allowing us to complete CDD).<\/p>\n When we talk about you<\/strong> or your<\/strong>, we mean you, a person who creates an Account or accesses the Website. \u00a0Where applicable, this includes your duly authorised representatives, legal personal representatives and successors.<\/p>\n Other capitalised terms have the meaning given to them in these Terms or in section 28 below.<\/p>\n In particular, by agreeing to these Terms you are confirming that:<\/p>\n Techemynt issues and, subject to certain conditions described below, redeems NZDS.\u00a0 Techemy Advisory is responsible for all treasury decisions in relation to Trust Assets backing NZDS.<\/p>\n Subject to these Terms, NZDS may be used, kept or exchanged online wherever parties are willing to accept them.<\/p>\n Holders may acquire NZDS:<\/p>\n In order to get your NZDS from us directly in exchange for New Zealand dollars, you must complete our CDD requirements (to our satisfaction) and become designated as a Verified Holder by us.<\/p>\n You will need to create an Account, complete CDD and become a Verified Holder in order to redeem your NZDS for New Zealand dollars.\u00a0 You will also need to provide us with details of a Nominated Account held with a registered bank or NBDT you wish to use and your Ethereum wallet address (or the address relevant to such other blockchain as we may determine to use from time).<\/p>\n If you acquire NZDS but do not have an Account with us, you do not have a contractual relationship with us, are not our customer and, accordingly, will not be able to have your NZDS redeemed by us in exchange for Trust Assets (in the form of New Zealand dollars).\u00a0 See our additional terms in relation to the Trust Assets and NZDS in section 9 below.<\/p>\n Under the terms of the Bare Trust Deed, if you are a Holder, you hold the beneficial interest in the underlying Trust Assets which relate to your NZDS.\u00a0 This means that you can instruct us as bare trustee to deliver New Zealand dollars by withdrawal of Trust Assets to you, subject (however) to creating an Account and becoming a Verified Holder so that we are legally able to do so.<\/p>\n Upon withdrawal of any Trust Assets from the Trust Account, any associated NZDS redeemed by us will automatically be cancelled and no longer form part of the supply of NZDS in the market.<\/p>\n Holding NZDS does not make you a creditor of Techemynt or any member of the Techemynt Group.\u00a0 We do not promise to pay you any amount in relation to NZDS out of our own funds.<\/p>\n\n
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