-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 ; ; Hansa Bank US E-tender Dollars ; ; Being, Demand Promises to Pay in US Dollars (USD) ; ; As Issued by Hansa Bank & Trust Company Limited for ; microfinance and other related purposes. [definitions] definitions_dollars = * { Hansa Bank US E-tender dollars means the electronic currency, denominated in United States of America dollars, as facilitated by this Ricardian contract. Other dollars, which may be used as exchange for Hansa Bank US E-tender dollars, are referred to as Account Dollars. } definitions_ricardian_contract = * { Ricardian contracts are developed by Systemics to provide a mechanism to accurately express any form of contractual value. More on Ricardian contracts can be found at http://www.systemics.com/docs/ricardo/ } definitions_purpose = * { The purpose of the Hansa Bank US E-tender Dollars is to facilitate the exchange of units of monetary value securely and efficiently over the Internet. } definitions_operator = * { The Operator is responsible for the technical hosting and management of system hardware and software and the creation of a Mint account. } definitions_mint { The Mint consists of secure software through which a Mint account and a Currency Manager's account may receive newly authorized Hansa Bank US E-tender dollars as authorized by the Bank. } definitions_currency_manager = * { The Currency Manager is appointed by the Bank to manage issued Hansa Bank US E-tender dollars issued to his Currency Manager's account from the Mint account. definitions_law = * { The laws of Anguilla shall apply to this contract. } definitions_date = * { The date of this contract between Hansa Bank and the users of Hansa Bank US E-tender dollars is March 1, 2001 } [entity] entity_shortname=Hansa Bank entity_longname=Hansa Bank & Trust Company Limited ; ; Note: In the following, Hansa Bank & Trust Company Limited ; may also be referred to as "the Bank" or "Hansa Bank" or "Issuer". ; } entity_address= * { Hansa Bank Building, Landsome Road, The Valley Anguilla, British West Indies, TV1 02P } entity_email=hansa@attglobal.net ; ; The Contract itself and other information is posted on ; the Issuer's Website at: ; http://www.hansa.net/ricardo/contracts/ ; hereafter referred to as the "Contract Publication Page". ; ; **Notices issued pursuant to this currency contract, such as ; changes in contact addresses, will be published ; and maintained at the Contract Publication Page** ; entity_contract_url=http://www.hansa.net/ricardo/contracts/ [issue] ; ; This section identifies the Operator of the Issuance Server, ; (the "Operator") who is responsible for the technical hosting ; and management of system hardware and software which responsibility ; shall include the establishment of a Mint Account through which the ; Bank can authorize issuance of Hansa Bank US E-tender dollars ; which dollars must be transferred to an account which shall be ; administered solely by the "Currency Manager" who shall be appointed ; by the Bank to manage issued Hansa Bank US E-tender dollars. ; issue_company = Systemics, Inc. ; ; Systemics, Inc. is the initial contracted Operator appointed by ; the Bank. ; issue_email=issue@systemics.com issue_contract_url= http://www.hansa.net/ricardo/contracts/ issue_type=currency [currency] currency_name=Hansa Bank US E-tender dollars ; : The symbol $ and the ISO/TLA of USD are not unique identifiers for ; Hansa Bank US E-tender dollars. ; currency_tla=USD currency_symbol=$ ; ; This currency is denominated in dollars, with an underlying ; unit of contract of cents. ; currency_type=decimal currency_decimal_power=2 currency_fraction=c [conditions] conditions_backing= * { Hansa Bank US E-tender dollars are redeemable by the user in United States of America dollars, on demand, subject to the conditions specified in this currency contract. Hansa Bank will maintain a reserve of account-based United States of America dollars at all times. Hansa Bank is a bank incorporated in Anguilla, under the Trust Companies and Offshore Banking Act 2000 and is regulated by the Director of Financial Services of the Government of Anguilla. } conditions_reserves= * { Hansa Bank will maintain at all times a reserve of United States of America dollars on account in the name of the Bank in an amount equivalent to 100% of the Hansa Bank US E-tender dollars in circulation. The type of account, whether interest bearing or demand, will be made solely by the Bank, but will be limited to being denominated in United States of America Dollars. Hansa Bank reserves the right to select the institution or institutions based upon its own judgment into which it will place the reserve funds. In the case of redemption or otherwise, the Bank shall have the right to substitute the reserve account itself or the monetary instruments being held in the reserve account in full satisfaction of the pro-rata redemption notwithstanding that the said reserve account, institution or monetary instrument is illiquid or in default. The Bank's sole liability shall be to turn said assets over to the holders of Hansa Bank US E-tender dollars or to a trustee appointed on their behalf. } conditions_audit= * { Hansa Bank is audited by Ernst & Young by their offices in Bridgetown, Barbados. The account or accounts which Hansa designates to hold the reserves for this currency are hereby designated public and non-confidential. Any and all balances and amounts of transactions may be reviewed, published, declared and that information may be distributed by the Bank or any holder of Hansa Bank E-tender dollars. Methods of access to the specific reserve account will be published on the Contract Publication Page, and may include telephone enquiries, email enquiries, Web pages or other methods as made available from time to time by the Bank. } conditions_purchase= * { a) All Purchase requests must include the users WebFunds account number obtained through the software program, WebFunds which program can be downloaded from a number of sites including http://www.webfunds.org b) purchase requests should be delivered by secure means, and delivery details must be accepted and authorized in advance by the Bank, before funds are sent based upon disclosure of the source and origin of the funds and other factors determined by the Bank. c) Issuance of Hansa Bank US E-tender dollars will be based upon strict payment of equivalent amount of dollars, and applicable fees, using one of the following methods: 1. transfer from purchaser's existing USD account held with Hansa Bank, at no additional charge 2. cheque written on purchaser's USD account held with any retail bank in Anguilla, at nominal charge and transferable as and when the said cheque has cleared, 3. Wire or SWIFT to Hansa Bank's trading account, purchaser to pay all incurred fees, purchaser to provide full and acceptable identification details, and transaction to occur within 24 business hours of clear and settled funds being made available within Hansa Bank's trading account. 4. any other method suitable to banking probity and acceptable to the Hansa Bank. c) Purchase will attract a percentage fee that is subject to changes from time to time and is published on the Contract Publication Page. d) Purchase limits will be set from time to time as published on the Contract Publication Page. Third-party market makers are encouraged to deal in lesser amounts. Hansa Bank reserves the right to reject any purchaser and to impose other limitations on initial purchases. } conditions_redemption = * { a) Redemption requests from the user must be accepted and authorised in advance by the Bank before funds are sent, as per c) below. b) In order for the user to redeem Hansa Bank US E-tender dollars, user shall request a redemption in account or wire dollars in one of the following forms: 1. transfer to user's USD account held with Hansa Bank, at no charge, payable on demand, 2. transfer to user's USD account held with any retail bank in Anguilla, at nominal charge, within 24 business hours of approval by the Bank. 3. Wire or SWIFT to the user's account provided the user shall pay all incurred fees, user to provide full and acceptable identification details, and transaction to occur at the pleasure of the wire or SWIFT operator, or 4. any other method acceptable to the Hansa Bank and agreed by the user. c) Once accepted, the user will be given a WebFunds Account number to which the user will make a secure payment of his US Hansa Bank E-Tender dollars in order to effect the redemption. d) Redemption limits will be set from time to time as published on the Contract Publication Page. Third-party market makers are encouraged to deal in smaller amounts. } conditions_buyback = * { The Issuer reserves the right to buy back all outstanding Hansa Bank US E-Tender dollars, thereby terminating the use of this instrument and contract. Notification of buyback shall be made at the Contract Publication Page Web site, and in other such media as the Bank in its sole discretion shall deem to be appropriate and adequate. Failure by a currency holder to accept and execute the buyback within six months of the date of first notice shall allow the Bank to terminate its obligations under this contract by depositing the unclaimed reserve into the Anguillian Court. } conditions_liability = * { The Hansa Bank is liable solely to the extent of performance according to the conditions specified in this contract. Hansa Bank US E-tender dollars do not constitute deposits and are not protected, insured or guaranteed other than by the reserve provisions outlined in conditions_reserves. Losses of Hansa Bank US E-tender dollars through theft, escheat, estate or otherwise constitute a loss to be borne by the user. Where the user cannot identify his WebFunds account or key, the cost of such recovery, if possible, must be borne by the user. Users of this contract should be aware that Hansa Bank US E-tender dollars are issued for microfinance and trading purposes only and may not be acceptable to others. } conditions_mint = * { Float - the total quantity of Hansa Bank US E-tender dollars Outstanding is created by a Mint account, specially set by the Operator. Authorization to the Operator is hereby included to specially set one Mint account for creation of Hansa Bank US E-tender dollars, and to make this account publicly viewable. Disbursements from the Mint account are to be made on receipt of duly signed and public authorization from Hansa Bank. All disbursements from the Mint account are to be made to the single Currency Comptroller account identified by that authorization. From time to time, the Currency Comptroller may direct the Currency Manager to return Hansa Bank US dollars. Dollars so delivered are to be deposited into the Mint account, thus reducing the float by that amount. } conditions_privacy = * { The purchase, redemption and trading of Hansa Bank US E-Tender dollars by users utilizes strong privacy, security and encryption. The exception to this is the ongoing publication of balances of, and transaction amounts into and out of, reserve accounts and Mint accounts and any Comptroller or Manager accounts as duly designated by the Bank to provide users with confirmation that these balances are being maintained. } [keys] keys_contract=' - -----BEGIN PGP PUBLIC KEY BLOCK----- Version: Cryptix OpenPGP mQGiBDpPejQRBADDZmyzmnhfkUMFg52hoXmP43fRRM2L5HXv1ZnJVwRx/NyWl4FW gj71/Ph1hpZ12TeJMBOGvUY+2wZosUjE78Dp2Jt2IH53PKmdcw+GDS8iaRY7hNM3 HmkRo8yPnV+Fekp6HHTkxd+nz1LQ4tp+6XCWduiLNqPwjBRHtyTivpdU7wCg/0f2 1bGKiINXDiQOVmlN7X7pnYEEAJKPbySqQbSZOWpmGxn5i/ylaEcml6Bwdfuaj5oR t/GlGxQlKXYAvxESLX5q7gRgstTDJOwLoKQ5DQgsbTWkohYAV6EdnO00f1TenB7A iL8BwCTS4lo7bkMAEF3ZHb/UMGcm2Qz1FjuZuG+SJFrzESAnXQBavbs3iwstyp64 Vf9lA/0VtXhpUpOy7GqkN2kZNG1Mv06Y/RXXJYx95ravd/bxnKqw4APgU56HUoCJ IHDhZY8ywMv07l1M6wZm5eOx+3un1+T9jo9OyreNkSubA6RNLttZzPY/X89lshFr 99bsENkZs35nwgZO0GDOeEp7FtMm8ylzBivPo0YUVN15ByExcrRDSGFuc2EgQmFu ayAmIFRydXN0IENvbXBhbnkgTGltaXRlZCBbY29udHJhY3RdIDxoYW5zYUBhdHRn bG9iYWwubmV0PohOBBARAgAOBQI6T3o0BAsDAgECGQEACgkQ35Fq6nz4bqwDMQCf VD9zg4tJCDAYsuO6S7GuAWpZFG0AoJCu8W0qgTHKEiabuC9ThSSQ2WXniEYEEBEC AAYFAjpPenMACgkQ+SBop9F/yTUmdwCfbla8YocDnMECSS3RCSwL6caIKUMAoLCi LYd1wjYy0YzSvJSAZx9zQKDe =MEAO - -----END PGP PUBLIC KEY BLOCK----- ' keys_certification=' - -----BEGIN PGP PUBLIC KEY BLOCK----- Version: Cryptix OpenPGP mQGiBDpPdwERBADqJeslCmk7IAonR3VAY1vIdtvkg6HYFTLFgxHlqR3i+l4gpQZu GfCq6DiVuzZXnS1qVAg6kKZ/q1SgSnXJ8Zyzo3RtY8WEUixMfmz6xeIL17d0+1km DONLIWAeYq0TUbjoVDPctBPkuLRT5KqwOMPA8DuI9x8Zs6lF7NAx7BshxQCg/w1y C0NDz6NnLwQjhzMB1bxf9kcEAKuwVctjKK7S8IsrbnjKk2HfQqLwKBb460ZXFoBR WWTF7oC9EJFoTtPqcMRMcCxLZtRwehSwJscKIH8/Zklm5+OKI2uK2tg1ajBGxMlz vfvzYZJb3cWGr7abDz64SsBycCS5Fw9MAoMXlY/HBz+8R0djIrBhgrE5SVlB4yLV t0MMA/92HZI7wc80FP0qKUTd9ibHBgcZ7bIwNy1GSRWJxue9UNNU4zXEf9ugU+zc 7r/XmmNRSKQeGT240HQqrb5wQZGPsQQik1duVNNvg64Qol/mM2ynedheoKKJc1x+ dNAxYqBC8kDSoUZfabWXZ+1Nd3y14QS8/HJYQQWMmGgjB6H1FLRISGFuc2EgQmFu ayAmIFRydXN0IENvbXBhbnkgTGltaXRlZCBbY2VydGlmaWNhdGlvbl0gPGhhbnNh QGF0dGdsb2JhbC5uZXQ+iE4EEBECAA4FAjpPdwEECwMCAQIZAQAKCRD5IGin0X/J Ne27AJkBlr3kmE4zBNeOVYfNpKLxic5KrgCeOnLuoVCiNb7WyKd8KExYDZsczq0= =2r0+ - -----END PGP PUBLIC KEY BLOCK----- ' keys_server_certification=' - -----BEGIN PGP PUBLIC KEY BLOCK----- Version: Cryptix OpenPGP mQGiBDmhGRERBAC9F7VF7ZNcwhffdFS2Sg0AcsF9gdhEEggZmBT1ezM5BYEO4lvN EJjezFilNxMLE3mP9E95mtRUEEtIx4ViyAGjVPwRBVQA2BNf+rbvCReBhhlJTFkN GOSHd65k4mDCflJAn7EX2OpST9tEAhpBs82w4OxlHIxmnav8iyD0O07sHwCgzYJI Xv3TEqERh0eDPEQ80MqGYEkD/Aj12tRhZYhYlVtEmJ4MrET9Ezuyhn8kQv89iBNK u2mN//LK4cqfJos1SJ3qXT16AHQQvfI0AUsI1ZQ+piq9pZ+sUMwpRnoQHM5SKux5 UYcIM9aklW0zYAt+WjyrQBhN0eW0uzF40NVZHIH592dz/1RbNKf0hSDKBeCERTxk /zRDA/9rgvwyclIq4VTgA9AgwHC+JrKwbtJsawb4eYZPSbDe/pl2bQT9haTuLBKs Olz57Er5Vto6DWb1hs8gzb107u7CGYholr/tyjiPRhDvOcVQpZudkCE/1UXpawT/ P4tPUvrBIVNK5SmHVRz6nsJxMxYm6Pr14+t8mgS1jrr/TxFTW7Q+U3lzdGVtaWNz IE9wZW5QR1AgU09YIFtvcGVyYXRvcl0gKGRzczEpIDxzZXJ2ZXJAc3lzdGVtaWNz LmNvbT6IVgQTEQIAFgUCOaEZEQQLCgQDAxUDAgMWAgECF4AACgkQKfOLUygtdArw 3QCeJ8bEfVFS2etPkFus6esJfZ0+2OUAoK4AIIjFB+9CsoEkCn4dJBRTUKen =L806 - -----END PGP PUBLIC KEY BLOCK----- ' [signatures] -----BEGIN PGP SIGNATURE----- Version: Cryptix OpenPGP iD8DBQE6rRVa35Fq6nz4bqwRAuotAKCBF4GFDlTI0FWYGtY0SoQHjbzrRgCghYpt AXMnV+NWLI/c5RtSR4iBLH8= =1wcB -----END PGP SIGNATURE-----