1.6.1

The administration shall be entitled to charge levies against trades done via the exchange.

1.6.2

The amount of the levy shall be as set or amended by the administration from time to time.

1.6.3

The administration shall be entitled to use the levies accrued to manage and further the aims of the GCTB as well as the CES.

1.7.1

All new accounts are created with a balance of zero Beneficios.

1.7.2

Account-holders shall be entitled to begin trading without having a positive balance and may so incur a debit balance in their accounts.

1.7.3

The administration may set limits to the extent to which accounts may go into debit and credit.

1.7.4

The administration may set and adjust criteria according to which account limits may be set. As a result debit and credit limits may vary from account to account.

1.8.1

The seller will have to take recourse against the buyer personally

1.8.2

The seller shall be entitled to claim from the buyer the amount owed in Beneficios in Colónes on the basis of one Colón being equal to one Beneficio.

1.12.1

If any other dispute should arise between account-holders or between the administration and any account-holder, the matter shall be referred to mediation, or failing that, to arbitration.

1.12.2

If the parties cannot agree on the person of the arbitrator then an appointment shall be made, if the dispute is between account-holders, by the administration, or if the administration is itself party to the proceedings, by the Registrar of CES. Any such appointee should preferably be a member of a CES exchange, or if not a member, then a person who agrees to act in an honorary capacity.

1.12.3

The arbitrator shall be entitled to make awards for contractual losses or damages but not for delictual or consequential losses. The arbitrator may also make an award as to costs. All awards shall be in Beneficios. The administrator shall be required to debit or credit any account within the system to give effect to such order or award.

1.12.4

The arbitrator's decision will be final and binding on all parties. The arbitrator will determine procedures to be followed at any hearing and when in doubt the procedures set out in the South African Arbitration Act of 1965 will apply.

1.16.1

If any account becomes stale in the opinion of the administrator, the administrator shall be entitled to call up the account, after having given reasonable notice to the account-holder, in which event:

1.16.1.1

Any credit balance will be forfeited unless the account-holder brings their account balance back to zero

1.16.1.2

Any debit balance shall become immediately due and payable

1.16.1.3

If such debit balance on a stale account is not cleared with Beneficios within the time allowed by the administrator, the administrator shall be entitled to proceed against the account-holder on the same basis as set out in Clause 1.8.1 above as if the account-holder had exceeded their limits. For this purpose the administrator shall be entitled to institute action on behalf of the GCTB, and payments will be made by the account-holder providing a service to the local community, payable in Beneficios, to go into the administrative account.  The service will be provided at the rate of 5000 Colónes per hour.  Should it be needed, a variety of service options can be suggested by the administration and other users of the GCTB.

1.16.2

Any account-holder with a stale account will not be entitled to re-apply for an account with the GCTB or the CES until their obligations towards the GCTB or the CES have been met.

1.16.3

An account will automatically become stale if there has been no activity on the account for a year. "No activity" will mean either no sales or no purchases or no log-in by the account-holder.

1.18.1

The administration can suspend an account of any account-holder who breaches any material trading rule or who acts in a way considered to be unethical or contrary to the norms of the CES.

1.18.2

The administration shall notify any account-holder if his or her account has been suspended, and the account-holder shall have fourteen days to dispute the suspension. If no dispute is declared the administration shall then be entitled to terminate the account, in which event it shall be treated as if it was a stale account in terms of Clause 1.16 above.

1.19.1

If the administrator is unable to recover sufficient Beneficios to cover a stale account, any shortfall may be cleared by debiting a reserve fund established for this purpose.

1.19.2

A portion of all levies charged by the administration shall be credited to such a reserve fund. The remainder will come from the balances of stale and discontinued accounts that are in credit.

1.19.3

If the reserve fund becomes overdrawn the administrator shall be entitled to levy a one-off charge against all accounts in order to square the account.

2.1

Neither the CES nor the GCTB are party to any transaction between a buyer and a seller and accept no responsibility for the performance of trading parties nor as to their identity or trustworthiness nor as to the subject matter of any trade.

2.2

Neither the CES nor the GCTB accept responsibility for any loss or damage occasioned to any account-holder as a result of information received via the system becoming available to other account-holders or outsiders.

2.3

Account-holders agree to indemnify and hold harmless the CES and the GCTB and the administration and any of their employees or agents from any incident of loss or damage arising out of the use of the system.

3.1

Negotiate a fair trade with other members.

3.2

Keep my personal contact details, my offerings and wants updated.

3.3

Enter transactional information as soon as possible after a transaction takes place. If I do not have the means to do it myself, I will get another user to do it for me or provide the details to a co-ordinator or the administration.

3.4

Regularly review my offerings and ensure that they provide sufficient information for others to engage in trade with me.

3.5

Actively promote my offerings if my account balance is a large negative amount and remains there for a period of more than one month.

3.6

To make every effort to keep my balance within the limits prescribed or suggested by the administration from time to time.

3.7

Advise the administration if I should wish to de-register or move from one exchange to another.

3.8

Contribute a service to the local community if I should de-register or if my account should become stale with a debit balance, at the rate of 5000 Colónes per hour.  Should it be needed, a variety of service options can be suggested by the administration and other users of the GCTB.

3.9

I nominate my email address as used on the exchange as the address at which I choose to receive communications and notices.