Product PDS

Product
Disclosure
Statement
Product Disclosure Statement (PDS)
This Product Disclosure Statement (PDS) is dated the 11thof November 2013 and is subject to change. Any amendments
modifications or changes will be made via a Supplement Product
Disclosure Statement (SPDS) and will be dated accordingly. Any (SPDS) are to be read with the (PDS) provided with this
product.
This product disclosure statement (PDS) provides you,the client,with all necessary information about the Bizing It’s
Financial services products called “Bizing It’sAdvantage International Access Account”, “The Bizing It Cayman Island Mutual Fund” and “Bizing It’s Anonymous Bitcoin Account”. It covers information pertaining to risks, exclusions, events, fees
payable,key benefitsandreturn on investmentsin relation to these products.
This information provided in the form of this Bizing It company product disclosure statement (PDS) is general in nature
and does not account for your personal circumstances, financial situation or personal needs. Please read this (PDS) very
carefully and in great detail before activating or making any final decisions regarding any products or services offered by
Bizing It or any of its subsidiaries,to ensure this product is right for you.
Once you decide to invest in one ofBizing It’sfinancial products and/or servicesby depositing initial funds you are agreeing to all terms and conditions associated with this (PDS) and associated products.
Issuers
Bizing It’sAdvantage International Access account, Bizing It’s Cayman Island Mutual Fund and Bizing It’s Anonymous
Bitcoin Accountand this (PDS) are issued by Bizing It.
In this PDS ‘we’, ‘us’, and ‘our’ refers toBizing It, the issuer of this product. ‘You’ and ‘your’ refers to any persons or parties
activating, utilizing or using any of Bizing It’s products and/or services.
OPENING A BIZING IT ACCOUNT
Steps needed to open any account withBizing It:
1. Completion of the Online application form.
2. Identification and account verification completed with completion of certification form.*
Excluding anonymous bitcoin accounts
3. Deposit of funds to Bizing It with client reference number in the account description.
4. (PDS) read and agreement to terms and conditions confirmed.
Once funds are cleared into the Bizing It account and identification criteria are met and terms and conditions are agreed
to, then a certificate of investment is issued and the accumulation of interest willcommence.
CLOSING AN ACCOUNT AND WITHDRAWALS
• When closing an account, written or digital confirmation must be received from the client prior to the closing of
an account. Notice of 14 days is required.
• All withdrawal requests must be made in writing and then must be sent to Bizing It in digitalized form.
• Partial or full amounts can be withdrawn from an account on review date.
• Withdrawals may be made prior to a review date through Bizing Its normal withdrawal process.
• We will not allow a withdrawal unless we are satisfied and certain of your identity.
BIZING IT’SPRODUCTS & SERVICESINFORMATION
WHAT IS ABIZING IT ADVANTAGE INTERNATIONAL ACCESS ACCOUNT?
A Bizing It’s Advantage International Access Account is a forward thinking, revolutionary and innovative financial services product that was designed to send shock waves through the industry, and that’s exactly what it has done. We started off with one of the world’s highest fixed interest rates (an astonishing 0.065%), we then integrated it with compound
interest that is accrued on a daily basis.Thissubstantiallyincreases the overall interest rate to 0.0675% for a one year duration and up to 6.95% per annum over a two year duration. No other competitors offer this feature, and to complete this
fantastic product, we have added complete flexibility whereby giving clients the option to access, deposit and withdrawal
their capital whenever they choose.
Product Disclosure Statement (PDS)
WHAT IS A CAYMAN ISLANDS MUTUAL FUND?
The management of a Cayman Islands Mutual Fund is very similar to Bizing It’s core financial product, the International
Access Account. Before it reaches 10% profit, clients are charged only 1.5% as a management fee. After this point, commissions are split 50/50 between Bizing It and the client.
What is an anonymous bitcoin account?
An anonymous bitcoin account is managed for you by Bizing It, as with our other products. It offers the same high level of
interest as the Advantage International Access Account, with additional anonymity. You are protected from the extreme
fluctuations of bitcoin’s monetary value because your interest is accrued on the basis of the value of your original investment in USD.
KEY BENEFITS
There are a number of key benefits pertaining to our products,below isa brief list:
• Quick and immediate access to capital.
• One of the highest interest rates available on the market today.
• Calculated and accumulated daily interest.
• Bizing It products provide clients with a set fixed rate of return on investment. Rates are guaranteed not to
change throughout the life of your term.This gives our clients fantastic peace of mind that their investments will
be protected from the fluctuations and the volatility of investment markets.
KEY RISKS
Below are a few important risks to consider when opening any of Bizing It’sfinancial products or services:
Legal risks -Bizing It is governed by the territories and jurisdictions of The Cayman Islands.Wherever we do business,
we are consistently ensuring that Bizing It is always operating and trading within the laws and legislative frameworks of
these jurisdictions, to avoid any litigation and to ensure full compliance.
Noncompliance risks- Bizing It may deny, block or refuse to process any transactions which may contravene any law
without incurring liability. You agree that you will provide any information necessary in response to reasonable requests
by Bizing It. When required by law, Bizing It will share this information with law enforcement or regulatory bodies.
Product risk-With any investment comes a certain element of risk, however fixed term saving and investment
accountsare considered one of the safest products on the market today.Bizing It has its own stringent set capital limits in
place to ensure we can provide customers with peace of mind assurance.
Market risks- Risk of losses in position arising from movement in market prices. Bizing It has systematic processes in
place to nullify this.
Competitor risk - The risk of losing potential interest if a competitor brings to market a more favourable product.This
seems highly unlikely and by offering clients the flexibility of immediate access to capital this risk has been effectivelynullified.
Risks specific to bitcoin – Bitcoin is an autonomous and unregulated system of currency, and as such no central bank or
authority can take corrective measures to protect against loss or manage supply and demand. Any such currency may
be subject to large fluctuations in value, and the inherent risk may be larger than with other, regulated currencies. There
may be significant fluctuation at any given moment, and your initial investment may even become worthless.
Risk of anonymity – If a client chooses to open an anonymous Bitcoin account, Bizing It will do all it can to protect accounts held with us. However, there is an increased risk when protecting anonymous accounts. Clients must understand
this risk when deciding to open an anonymous account, and waive the liability of loss arising from damages, loss of profit,
loss of revenue, loss of business, loss of opportunity, loss of data, indirect or consequential loss.
Changes in legislation – If legislative changes do occur, Bizing It will comply with these laws. Bizing It accepts no liability
for any loss incurred by such changes.
Product Disclosure Statement (PDS)
ACCOUNT LIMITS
Bizing It’sminimumaccount balance for all accounts is $5,000USD.
Bizing It does not have any limitations on maximum balances at this stage.These capital limits are correct as of 11th November 2013 and aresubject to change without notice to ensure capital limits are managed and maintained securely and
effectively.
WHO AREBIZING IT’SFINANCIAL PRODUCTS AND SERVICES SUITABLE FOR?
These products provided by Bizing Itareperfect for anyclient wanting a high fixed cash rate investment with insignificant
risks. Clients know what return on investment will be and this provides customers with greaterpeace of mind.
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•
•
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Any size businesses that require short or long term solutions for excessive capital.
Any client that wants to mitigate risk from their investment portfolio.
Any investor(s) that are looking for cash based assets to add balance and diversity to their portfolio.
Any clients with existing cash based assets who wish to enhance their return on investment.
WHAT TERMS AND INVESTMENT TIMEFRAMES ARE AVAILABLE?
Bizing It’s methodology is not to lock away capital from our clientele. Wedo not offer locked terms or time frames for
investment on any of our accounts; all capital can be withdrawn at any time subject to our withdrawal terms and conditions.
WHAT ARE OUR INTEREST PAYMENT OPTIONS?
All interest is compounded on a daily basis; our clients have the ability to make whole or partial withdrawals or deposits
at any time, subject to fees and our withdrawal and deposit terms and conditions.
How do we calculate interest?
Here’s an example:
Atan annual rate of .065%if you were to invest $50,000 for a 1 year period (365 days) you would accumulate $53,357.64.
This would deliver a return of $3,357.64, being a .06715% percent return on investment.
Below is a methodthat can calculate daily compounding interest;
1. Take the nominal annual interest rate and divide into a daily interest rate(.065%)/365=.000178082%
2. Take the initial principal amountand calculate the dailyinterest rate $50,000*.000178082% = $50,008.9042
(new principal amount after day 1)
3. Readjust the initial principal amount to include interest earned then calculate the daily interest rate
$50,008.9042*.000178082% =$50,017.810(new principal amount after day 2)
4. Continue this process to calculate interest earn through each compounding period(day)
Below is the earning potential on a principal amount of $50,000 over variable time frames
1 day
2 days
1 mo 30 days
3 mo 90 days
6 mo 182 days
1 year 365 days
2 years 730 days
Principal amount
Total Interest earned
$50,000
$50,000
$50,000
$50,000
$50,000
$50,000
$50,000
$50,008.90
$50,017.81
$50,267.81
$50,807.75
$51,646.95
$53,357.64
$56,940.76
Total interest earned incl.
compound interest
6.7150%
6.7153%
6.7151%
6.7152%
6.7152%
6.7152%
6.9401%
Product Disclosure Statement (PDS)
WHAT ARE THE FEES AND COST ASSOCIATED WITH OURPRODUCTS?
Bizing It is working consistently hard to ensure our clients receive the highest return on investment.To achieve this we
are not only offering highly competitive rates, we are doing our best to keep fees and costs down. There is however some
fees that cannot be solely absorbed by Bizing It.
LIST OF FEES ASSOCIATED WITH BIZING IT’S ADVANTAGE INTERNATIONAL ACCESS ACCOUNT AND ANONYMOUS BITCOIN ACCOUNT
• All Bizing It Advantage International AccessAccounts and Anonymous Bitcoinaccounts incur a one off 55$ USD
administration fee; for daily servicing and upkeep, and to negate any potential losses when converting,
exchanging or transferring funds to clients domestically or internationally.
• Partial withdrawals of funds incur a $25 USD transfer fee.
• All daily compound interest rates will be fixed at a maximum annual rate of 7.00%.
• Payment of interest: Interest is calculated at an annual rate of 6.5% and is compounded and paid at a daily rate
of .0178082% on any balances at 0:00GMT time.
LIST OF FEES ASSOCIATED WITH A BIZING IT CAYMAN ISLAND MUTUAL FUND
• All accounts are charged a 1.5% percent management fee.
• Once earnings surpass 10% commission is spilt 50/50 between the client and Bizing It.
• No account setup fees
TAXATION
It is solely up to our clients to ensure that they comply with all reporting and taxation laws that govern their territory or
jurisdiction.Bizing It is legally bound to provide information to any reporting, government or law enforcement agencies
regarding tax evasion.
CUSTOMER INFORMATION AND PRIVACY.
What information do we collect, why we collect information, what do we use it for and who we may exchange your
information with?
We collect and use your personal information to better serve you as a client and to offer you products and services that
may be of benefit and interest to you.
Upon request, Bizing it will provide you with access to any personal information that we obtain from you. We will take
responsive steps to amend and update any personal information, this can be done by contacting our customer support
team to make any corrections, updates or amendments.
1- Identification: This is a matter of high importance and it is a legal requirement of Bizing It to confirm and verify the
identity of our clients through (KYC) know your client practises.*not applicable to anonymous bitcoin accounts
• We may request further documentary evidence to confirm your identity.
• We may, without request or consent, seek verification of your identity and identification documentation from
independent third party sources and independent services solutions providers.
• We keep all copies of documentation provided by you and will provide copies of this documentation to
independent third parties if required to do so by law.
Unable to establish identity: If we are unable to establish or confirm your identity we may at our sole discretion reject
applications, suspend account operations, refuse transactions and place a freeze on any funds until identification requirements can be satisfactorily meet .
Client privacy and confidentiality: We understand concernsyou may have regarding the confidentiality of private information you provide us.Bizing it is committed to ensuring your privacy is protected and security of theinformation you
provide to us.
Product Disclosure Statement (PDS)
Bizing It has a general duty of confidentiality towards our clients except in the following circumstances
• Where disclosure is required by law.
• Where there is a duty to the public to disclosure.
• Where disclosure is made with expressed or implied consent by the client.
Opting out of product promotions: At any time you can opt outfrom receiving marketing and/or promotional material
from us by exercising this right. We will only contact you to provide information in relation to any existing accounts or
services you hold with Bizing it.
CUSTOMER RELATIONS AND CONTACT INFORMATION
1.
Definitions
a) “account” means an account or accounts established in your name or the name of a business or entity.
b) “accountholder”means you or anyone who is authorised to use an account.
c) “Bizing It” means the Bizing It Group and any of itssubsidiaries.
d) “business day”means any day in which bizing it is able to effect settlement.
e) “Government charges” means all charges or duties on deposits into or withdrawalsfrom your account that is
payable to a government under law in a territory or jurisdiction that you reside in these are paid by.
f) “initial deposit”means the amount of your first deposit when you open your account.
g) “law” means common law, principals of equity and laws of parliament.
h) “per annum”means an amount per year.
i) “review date”means a preselected date that you have selected foryour investment term to expire or to be
renewed on.
2.
Government charges may be charged at any time and are applied to your account, you authorise Bizing It
todebit these fees if applicable.
3.
Change of personal details.It is of high importance that any change of personal details or information beamended to our records as soon as possible. Please provide supporting documentation with such request, i.e: registration
of change of name, dissolution of marriage or a marriage certificate.
4.
You agree that Bizing It may delay, hold or block any transactions without incurring any liability if we suspect that
the transaction:
• may break any laws or regulations in any worldwide territory or jurisdiction.
• involve any person, corporation or government that is sanctioned or connected indirectly or directly to anyone
or any entity that are under economic or trade sanctions imposed by the United States, the European Union,
or any other country.
• may indirectly or directly be involved in the proceeds of crime or to be applied for any other unlawful use
activity or conduct.
5.Severance if an part of this product disclosure statement (PDS) is found to be void, or unenforceable for
unfairness or any other reason the remaining parts of this (PDS) will continue to apply to the same extent as if the void or
unenforceable action never took place.
Product Disclosure Statement (PDS)