Kings New York Issuer — Underwrite— - Oriented Sample Stored Value Product Agreement and Disclosures is a comprehensive document that outlines the terms and conditions, as well as the disclosures, associated with a stored value product offered by Kings New York. This agreement ensures that both the issuer (Kings New York) and the underwriter (party responsible for assessing and managing risks associated with the product) are aware of their rights and obligations. The agreement typically covers various aspects, including the features of the stored value product, the terms of use, account management, limitations, liability, and dispute resolution. It also outlines the relationship between Kings New York as the issuer and the underwriter, establishing their responsibilities and roles. Some key contents within the agreement may include: 1. Definitions: This section provides a clear understanding of the terminologies used throughout the agreement and ensures that both parties are on the same page. 2. Responsibilities: The agreement details the responsibilities of both the issuer and the underwriter. It may cover areas such as product development, customer support, marketing, risk management, and compliance. 3. Product Features: Here, the agreement describes the specific features of the stored value product, such as the ability to load funds, make transactions, and any associated fees or limitations. 4. Terms and Conditions: This section outlines the terms and conditions that govern the use of the stored value product. It covers areas such as account registration, usage guidelines, and account closure procedures. 5. Compliance and Regulatory Requirements: The agreement includes provisions to ensure compliance with relevant laws and regulations governing stored value products, such as anti-money laundering (AML) and know your customer (KYC) regulations. 6. Intellectual Property: This section specifies the ownership and usage rights for any intellectual property associated with the stored value product. 7. Disclosure Statements: The agreement must include detailed disclosure statements that provide clear and comprehensive information to the product's users. These disclosures typically cover fees, expiration dates, limitations, privacy policies, and any other relevant information that the user needs to be aware of. It's important to note that there may be different variations or types of Kings New York Issuer — Underwrite— - Oriented Sample Stored Value Product Agreement and Disclosures based on factors such as the specific product being offered, target market, and regulatory requirements. These variations may involve adjustments to the terms, conditions, and disclosures to meet the unique needs of different stored value products.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.