The Conditions use the definitions provided for in the General Conditions and the following definitions.
‘Questionnaire’ means a questionnaire containing questions about the Client’s experience, knowledge, and other circumstances established in legislation.
‘Digital Token’ means an instrument based on Crypto-assets, presented in electronic form, which is digitally transferable, storable or tradable, and which is registered in a distributed ledger system or other similar technology-based secure system or which is based on cryptography. The instrument gives the holder the right to be involved in the development of the platform to which the token relates or the right to make any use of it or to provide any service or other similar right.
‘Custodian’ means an institution providing custody, registration and/or settlement services for money and Crypto-assets, a brokerage company holding the respective licence or a settlement system used by the Bank.
‘Investment Token’ means an investment instrument based on Crypto-assets, presented in electronic form, which is digitally transferable, storable or tradable, and which is registered in a distributed ledger system or other similar technology-based secure system or which is based on cryptography.
‘Client’s Bank Account’ means the Client’s current account in another credit institution on which the Client submits data to the Bank upon entering into the Agreement.
‘Crypto-assets’ mean an umbrella term for virtual currencies, investment tokens, and digital tokens within the Service.
‘Crypto-assets Wallet Service’ means a service that generates or holds encrypted keys for Clients that can be used for the purpose of holding, storing, and transferring Crypto-assets.
‘Crypto-assets Exchange Service’ means a service as part of which a person exchanges Crypto-assets for cash or cash for Crypto-assets or one Crypto-assets for another Crypto-assets.
‘Crypto-assets Transfer Service’ means a service that allows, at least in part, a transaction to be carried out electronically on behalf of the originator through a Crypto-assets Service Provider for the purpose of transferring the Crypto-assets through the Crypto-assets Service Provider to the recipient’s Crypto-assets Wallet or Account, regardless of whether the originator and the recipient are the same person or whether the originator and the recipient use the same service provider.
‘Agreement’ means the crypto transactions service agreement.
‘Banking Day’ means a day when banks are open for conducting banking operations in Estonia and the state where Services are provided or in another state pursuant to the context of the General Conditions.
‘Service’ means the exchange, transfer of wallet service of Crypto-assets or any of the aforementioned jointly.
‘Transaction’ means a transaction with Crypto-assets executed by the Bank on the basis of the Agreement in the name of the Client or the Bank and on the Client’s account.
‘Transaction Confirmation’ means confirmation given by the Bank to the Client on the basis of a Transaction Order regarding execution of a Transaction.
‘Transaction Order’ means an instruction given by the Client to the Bank in accordance with the terms and conditions of the Agreement for execution of a Transaction.
‘Transaction Day’ means the day when the parties to a Transaction have accepted all the substantial conditions of the Transaction.
‘Crypto-assets Market Information’ means informative information disclosed and/or forwarded by the Custodian or any other Third Party, including, but not limited to, financial news, analyses, and price and sales information about Crypto-assets that can be used to make Transactions.
‘Virtual Currencies’ mean digitally presented values that are digitally transferable, storable or tradable and that are recognised as a means of payment by natural or legal persons, but that are not necessarily linked to any official currency and not considered as official currencies or money.
‘General Terms and Conditions’ mean the general terms and conditions of the Bank.