1.7.1

All new accounts are created with a balance of zero Sigma’s.

1.7.2

Account-holders shall not be entitled to begin trading without having a positive balance and so may not incur a debit balance to their accounts.

1.7.3

Account holders can request a transfer of Sigma points from their Aetas e-wallet to the NAEX account, on condition that there are enough Sigma points for the transfer.

1.7.4

Only Aetas subscription members may request a transfer of Sigma points from their NAEX account to their Aetas e-wallet, on condition that there are enough Sigma points for the Transfer

1.7.5

Only paid up Aetas subscription members may request a transfer of Sigma points from their NAEX account to their Aetas NAEX account for the trade of Sigma’s from airtime.

1.8.1

The seller will have to take recourse against the buyer personally

1.8.2

The parties accept the jurisdiction of the small claims court, alternatively the magistrates' court for the district having jurisdiction

1.8.3

The seller shall be entitled to claim the amount owed in Sigma’s in Rands on the basis of one Rand being equal to two and a half (2.5) Sigma points.

1.11.1

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.

1.11.2

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.

1.11.3

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 Talents. The administrator shall be required to debit or credit any account within the system to give effect to such order or award.

1.11.4

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.

1.151

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:

 1.15.2

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

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.

1.17.1

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 NAEX.

1.17.2

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.

2.1

Neither the CES nor the NAEX 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 NAEX accepts 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 NAEX 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 to be 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 coordinator 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 in cash to clear my account if I should de-register or if my account should become stale, on the basis of one Rand for every Talent outstanding.

3.9

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