GTC

3. Acquisition costs

3.1. The acquisition costs shown overleaf in the amount of 15 monthly premiums for monthly purchases are incurred when the contract is concluded and when the monthly purchase premiums are increased and are also due at this time. The customer pays the acquisition costs as a single payment or as a partial payment. The maximum acquisition costs amount to € 1,500

3.2. If the customer pays the acquisition costs as a one-off payment, these are reduced to 10 monthly premiums, up to a maximum of € 1,000. If the customer makes a down payment, this will be offset in full against the acquisition costs until these have been repaid in full.

3.3. If the customer pays the acquisition costs in installments, 50% of the incoming installments are offset against the costs until the acquisition costs have been paid in full. The selected precious metals are purchased and stored for the remaining 50% of the incoming installments.

3.4. PSW and the customer agree that, in the event of pro rata payment of the acquisition costs, the customer assigns to PSW the precious metals held in his securities account as security for any outstanding acquisition costs. The assignment ends with the complete repayment of the acquisition costs.

3.5. There are no acquisition costs for further additional payments.

3.6. The acquisition costs shown in the application must be paid by the customer to PSW. However, PSW is not entitled to the full amount of these costs. PSW pays a share of these costs to the third parties involved in the conclusion of the contract
. This serves in particular to cover the brokerage commissions and set-up costs incurred. PSW is entitled to collect all costs from the customer.

4. Storage fees

The customer will be charged a storage fee for the safekeeping of the precious metals. The 1/4 annual storage fee is 0.30% of the value of the stock, but at least € 5 (incl. VAT). It is payable from the start of the contract. PSW is entitled to adjust the storage fees to compensate for cost increases. The customer will be informed of this in good time. After PSW has sent the access data, the customer can view the transactions carried out and his securities account balance at any time.

5. Application via intermediaries

The application to conclude this contract with PSW has been verified by the investment broker named overleaf. The intermediary works in his own name and for his own account. The intermediary provides an independent service for the customer within the scope of his existing intermediary contract with PSW. Intermediary and customer are bound by these General Terms and Conditions and the contents of this application form. In particular, the agent is not authorized to make promises that deviate from these contractual conditions or the application form of PSW. He is not authorized to accept money (including cheques) or other valuables from the customer.

6. Termination / term / liability

6.1. The contract is not subject to a specific term. If a monthly purchase of precious metals has been agreed, the customer can therefore reduce the payment of the pro rata investment amounts after repayment of the acquisition costs or suspend them indefinitely. Notwithstanding this, the customer may terminate the contract at any time. Point 3 of this agreement remains unaffected by this. Furthermore, the customer may at any time request PSW in writing to repurchase part or all of the precious metals purchased by him. The repurchase price corresponds to the purchase price for gold, silver, platinum and palladium shown on the website www.polarstar-network.com. PSW is not obliged to observe price limits. Any domestic or foreign taxes or customs duties associated with the repurchase of the precious metals shall be borne by the customer.

6.2. It is clarified between the parties that PSW is not liable for any taxes arising from the purchase of the metals. PSW does not provide tax advice and will not make any declarations to the tax authorities or other third parties with regard to any taxes and duties that may be incurred.

6.3. The customer undertakes to inform PSW immediately of any change of address. Correspondence will always be sent to the customer’s last known address. Should the customer fail to notify PSW of a change of address and an address investigation procedure becomes necessary, the customer shall bear the resulting costs.

7.Risk warning

Precious metals belong to the category of commodities. Although they are finite in nature and cannot be reproduced artificially, this is no guarantee of a future and constant increase in value. Rather, prices are inherently subject to local and global market fluctuations as well as the potential influence of numerous factors such as liquidity, the relationship between supply and demand, market events, regulatory intervention, natural disasters and other geopolitical circumstances. These can have a positive or negative impact on performance, which may lead to a partial loss of the investment amount. Furthermore, the proceeds achievable upon sale may deviate from the current value due to the currency risk associated with precious metals traded in US dollars, among other things. In general, commodity investments are considered risky due to their high volatility, which describes the extent and frequency of price fluctuations. It is therefore sensible not to exceed a certain percentage of your total assets when buying these products. In any case, the purchase of precious metals should be considered over the long term, whereby steady purchases can lower the average price. Credit-financed purchases are not recommended. PSW accepts no liability for losses. PSW does not consider the products mentioned in these GTCs to be suitable for short or medium-term speculation.

8. Written form

Amendments or additions to this contract must be made in writing.

Severability clause

Should individual provisions of the contract concluded with the customer on the basis of these General Terms and Conditions prove to be invalid, this shall not affect the validity of the remaining provisions. The invalid or unenforceable provision shall be replaced by a valid and enforceable provision whose effects come closest to the economic objective pursued by the contracting parties with the invalid or unenforceable provision. The above provisions shall apply accordingly in the event that the contract proves to be incomplete.

The contract is governed by German law. Status 04-2020

I have read and understood the above terms and conditions and the revocation policy and agree to their validity.