European Standard Bank is
operated by European Standard Bank only,
independent financial institution and is
subject to European Standard Bank's
terms of use.
PLEASE READ THESE
TERMS OF USE CAREFULLY BEFORE USING THIS SITE:
European Standard
Bank requires that all the visitors to our
site(s) on the Internet (the "Site") adhere to
the following rules and regulations. By
accessing the Site you indicate your
acknowledgment and acceptance of these terms and
conditions.
You agree that your
use of this Site shall be governed by
International law and agree that jurisdiction
and venue shall be located in European Union.
European Standard
Bank maintains this Site to provide you with
information about European Standard Bank
products and services and to facilitate
communication with European Standard Bank and
its related companies. From time to time we may
revise these terms and conditions.
Copyright in the
images, text, screens, and web pages appearing
at the Site are owned by European Standard Bank
or others as indicated. You may copy information
from the Site for your personal or educational
use only, provided that each copy includes any
copyright, trademark or service mark notice or
attribution as they appear, on the pages copied.
The information and materials may not otherwise
be copied, displayed, distributed, downloaded,
licensed, modified, published, reposted,
reproduced, reused, sold, transmitted, used to
create a derivative work or otherwise used for
public or commercial purposes, except as
provided in these terms and conditions without
the express written permission of European
Standard Bank.
Not all of the
products or services described on the Site are
available in all geographic areas. You may not
be eligible for all the products or services
described. European Standard Bank reserves the
right to determine the eligibility for any
product or service. Investment products and
services offered through the Site (i) (CSA
accounts) are not bank deposits and are not
insured by the FDIC, (ii) are not bank
guaranteed, and (iii) are subject to substantial
risk, including the possible loss of some or all
of the principal invested.
Unless otherwise
prohibited by law, any communication or material
you transmit to us via the Site or Internet
electronic mail is on a non-confidential basis
and European Standard Bank may use such
communication or material for any legal purpose
whatsoever, including reproduction, publication,
broadcast and posting. We will use our best
efforts to include accurate and up to date
information on the Site, but we make no
warranties or representations as to the accuracy
of the information. You agree that all access
and use of the Site and its contents is at your
own risk. By using the Site, you acknowledge
that we specifically disclaim any liability
(whether based in contract, tort, strict
liability or otherwise) for any direct,
indirect, incidental, consequential, or special
damages arising out of or in any way connected
with your access to or use of the Site, (even if
we have been advised of the possibility of such
damages) including liability associated with any
viruses which may infect a user's computer
equipment.
With regard to
services or products purchased or obtained by
you through the Site from a person or entity
other than European Standard Bank, European
Standard Bank makes no warranty of
merchantability or warranty of fitness for a
particular purpose with regard to such services
and products and European Standard Bank
specifically disclaims all other warranties with
regard to such services or products.
European
Stardand Bank does not provide the next
services for clients:
- Credit and Debit Cards
- Documentary Letter of Credits
- Cash services
- Loans
- Bank Guarantee and any other securities
- Using of clients funds for Futures and FOREX
trading
- any SWIFT confirmations and other SWIFT
related documents
Glossary
SSA
account (Standard Saving Account) - is
transactional account give you rights to make
any transactions inside and outside ESB without
limitations. Because money is available on
demand these accounts are also referred to as
demand accounts or demand deposit
accounts.Transactional accounts are meant
neither for the purpose of earning interest nor
for the purpose of savings, but for convenience
of the business or personal client; hence they
tend to not bear interest. Instead, a customer
can deposit or withdraw any amount of money any
number of times, subject to availability of
funds.
CSA
account (Combined CD-Saving Account) - As
you know, certificate of deposit or CD is a time
deposit, a financial product commonly offered to
consumers by most financial institutions. CSA
account is simply CD account with rights making
wire transfer between other CSA accounts inside
ESB. Withdrawals before maturity are subject to
a substantial penalty and in ESB consist off
100% of deposited amount. By other words,
withdrawals before maturity is prohibited.
Please be informed CSA account was implemented
to serve special loan for intrabanking transfer
only (inside the same financial institution).
Such type loans was introduced in banking
practice first by Swiss bank WIR in CHW currency
from 1936 and are issued up today. Only
difference is that our loan is nominated in USD
and EUR, but with absolutely the same financial
nature as CHW loans. European Standard Bank is
not partner and is not linked in any way with
Swiss Bank WIR. System of finance of Swiss Bank
WIR was implemented here for international
business (freely copied or replicated because is
not protected by patent or other form protection
of intellectual property) by European Standard
Bank. Before use CSA account everybody must
study experience of Swiss Bank WIR and get from
them explanation of method of finance with CHW
currency and all linked details. European
Standard Bank does not provide consulting
service about it, it's our client's
responsibility to be 100% informed from
indicated above source (or other sources of
financial information) before to make any steps
in utilization of such financial instrument.
European Standard Bank is not responsible for
any losses you may obtain due to poor informed
business solutions in using this type of
accounts. Please carefully study all above
before move forward !!! It's very good
instrument for creative and informed businessmen
and can be disaster in non-professional usage
!!! You have investigate if this financial
instrument suitable for your business, for your
goals, for your knowledge in finance and if you
are not institutional investor we recommend
think twice, evaluate twice and get professional
advice twice to be sure this is what you need
and what you can really use with profit. This
instruments is not suitable for everyone .
Nobody can provide you guarantee of your
success. Only you is responsible here, you act
at your own risk. It is not the same as
traditional loan, traditional investment, is not
the same you met before. Please find all answers
for all questions you have before make any
smallest actions. You must have full clarity and
deep understanding.
Clients of our financial institution does not
obtained CDs (Certificates of Deposits) if you
agree to loan us a specific amount of money for
a specific amount of time, but you have
possibility to make intrabanking wire transfer
from any CSA account to another CSA account. CSA
account can also be explained as Complementary
(Currency) Saving Account. For each our client
is OBLIGATORY to recognize European Standard
Bank as independent private clearing financial
institution (for legal entities and physical
persons) and accept payments in complementary
currency at least 33% of total transaction value
if other client of our financial institution
wish make payment in complementary currency too.
You have close all accounts with us as soon as
possible if you refuse recognize and accept
payments in complementary currency. 1 USD of
complementary currency is equal 1 USD. 1 unit of
any other complementary currency is equal 1 unit
of the same non complementary currency in
accordance with ISO 4217. CSA accounts was
deployed in time of recession (economic crisis)
for our customers because the money in
circulation is not sufficient and we are hope
and sure it will help for our customer to
achieve better company assets utilization,
increase income and turnover, accelerate sales,
generate additional customers and business
partners, you will become more successful and
financially rich, your business more productive.
CCA
account (Cash Currency Account) - is
analog of the Austrian account with a password.
Only one difference is that instead of issuing
password book, the customer buys banknote at a
local bank or Currency Exchange of the same
currency that is equal of currency of bank
account he want to open. Series and number of
this banknote indicates when registering as the
number of his bank account. This account
provides privacy for one level higher after the
numbered account, as well as any personal
information of customer bank does not hold. With
this type of account the customer hold also a
secret code word. All bank operations should be
performed only in behalf of person who knows the
login and password, and additional password for
transactions. This is an account payable to
bearer, a note - "bearer instrument". Whoever
owns the notes and passwords, controls the
account. If you have lost any of them, you lose
all rights to your account, along with rights to
the money which it is stored, just as you would
have lost your wallet with the money. It is
recommended that you passwords reserve
(duplicate) several times by different methods
and store in secure place. Please also keep in
secure place your registered with bank banknote,
which now replaces the Passport in any your
relations (communication) with the bank.
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