Finst Credits definition
Examples of Finst Credits in a sentence
Finst will hold the money received from its clients against the issuance of Finst Credits and any investments made therewith, on a separate account of Finst with SPV.
Finst Credits can only be used for payments on the platform of Finst.
Client may at any time request Finst to redeem the Finst Credits that Client holds with Finst and that are not required for any unsettled Instruction.
In case of negative income and loss, e.g. due to negative interest on the account of SPV with a bank, Finst will be entitled to charge from Client, pro rata to the number of Finst Credits held by Client, an amount equal to this negative income and loss.
Upon receipt of money from or for the account of a client, Finst will issue Finst Credits to the client.
All Instructions, all transactions between Client and Finst, all positions in Finst Credits and Digital Assets as shown on the Account and any other agreements of which Parties agree that these are part of the Crypto Services Agreement together form one single agreement.
Any positive income and profit earned by Finst on such money and investments, will be used by Finst to cover the costs of the Finst Credits and SPV.
As security for the payment by Finst to Client of the redemption proceeds of the Finst Credits of Client, Finst herewith provides a disclosed right of pledge to Client over the money and investments held by Finst on the separate account with SPV.
Finst Credits are a pre-paid electronically stored monetary value and no interest or other form of income is paid on them.
Finst Credits are a pre-paid electronically stored monetary value representing a claim on Finst as issuer of the Finst Credits.