The Brassica Capital App (herein after referred to as “App, Brassica or Brassica App”) is governed and guided by the rules and regulations as outlined herein and shall be amended from time to time and these rules and regulations including updates made to them are binding on all who use the Brassica App.
These Terms and Conditions (“Terms,” Terms andConditions, Terms of Use, Terms of Service) govern your (you, user, customer, client, investor) relationship with the Brassica App as operated by Brassica CapitalLimited. This Terms and Conditions comprises all terms of use in this document, all directives, instructions, and terms on the Brassica App and any other term that Brassica Capital Limited may make available to client. It is important for you to read and understand these Terms and Conditions. You can only access and use the Brassica App if you accept these Terms and Conditions. These Terms ofUse apply to all users who use the Brassica App. By accepting or using the BrassicaApp you agree to be bound by these a) Terms & Conditions and b) DataProtection and Privacy Notice. Brassica Capital Limited reserves the right to make changes to and update “a” and “b” to meet statutory, regulatory, contractual, business, customer requirements and any other requirement that Brassica Capital Limited deems fit. If you disagree with any part of these Terms and Conditions, then you cannot access the Brassica Capital App for purposes of investment.
The following relate to these Terms and Conditionsand/or the Brassica App
2.1. “Account”Means a) registrationon the Brassica App using a username and password in order to use the BrassicaApp for purposes of investment b) Aninvestment – the account into which contributions are made and redemptions aretaken from.
2.2. “Account Holder” refers to the individual (person or business)in whose name both a and b under 2.1. are
2.3. “Account Mandate” Means a six (6) digit PIN that functions as anelectronic signature for validating transactions.
2.4. “App” Means Brassica Capital App or App or Brassica or Brassica App
2.5.“Account Verification” or “Verification” or “Account Authentication” or “Authentication” Means a series of security checks performed to ascertain that:
i) Client owns and operates the investment account on which the verification is being done
ii) Actions relating to an investment account are being initiated or done by the owner of the account.
2.6.“Bank Account” Means financial account into and out of which money is paid and moved.
2.7. “Brassica Alpha Fund PLC” Means a money market mutual fund licensed by the SEC to receive investments from clients in exchange for shares of/in the fund.
2.8. “Brassica” Means App, Brassica App
2.9. “Benefactor” Means the legal person who holds an investment account for the benefit of another, beneficial owner
2.10. “Beneficial Owner” Means a person or business who enjoys the benefits of the investment account created for them by benefactor
2.11. “Cell Phone” Means a telecommunication device that uses radio waves over a networked area (cell) and is used to access telecommunication services.
2.12. “Client” Means a person or persons who created an investment account on the BrassicaApp for the purpose of investment. This has the same meaning as customer.
2.13. "Club” or “Investment Club" Means a group of persons with a clear leadership (executive or executives) who come together to contribute funds towards the achievement of legally valid goals.
2.14. “Contribution(s)” Means putting money into your investment account with the aim of generating gain. Also means the total amount client has made into their investment account.
2.15. “Credit” Means putting money into both client's investment account and client’s redemption account.
2.16. “Current Balance” Means the total amount of contribution and gains or loess minus all withdrawals.
2.17. “Debit” Means movement of money from your Source of Fund
2.18. "Deposit" has the same meaning as contribution.
2.19. “E-mail” Means electronic mail sent via computer and computer networks.
2.20. “Fund” Means the name given to a pool of money into which money from investorsI invested.
2.21. “Fund Price” Means the value of a share of the fund calculated daily based on the value of the underlying assets of the fund.
2.22. “Fund Growth” Means a computation of the rate of appreciation/depreciation of the value of assets of the fund measured over a period of time.
2.23. “Gain” Means increase in value of investments attributable to growth in value of assets of the fund.
2.24. “GSM” Means the Global System for Mobile communications as defined in the European Technical Standards Institute's list of specifications.
2.25. “Individual Account” Means an investment account that belongs to only one natural person.
2.26. “Institutional Account” Means an investment account opened and managed by an entity duly registered in Ghana.
2.27. “Investment Knowledge” Means a set of questions that clients are asked in order to appreciate how well client understands investment and investment related matters.
2.28. “Period of Investment” Means the length of time within which client intends to run their investment.
2.29. “Risk Tolerance” Means the level to which client tolerates investment risk.
2.30. “In-Trust-For Account” Means an investment account opened by a person of legal age for another, the beneficial owner.
2.31. “Joint Account” Means an investment account owned and operated by two persons of legal age.
2.32. “KYC Information”Means all information required by Brassica Capital Limited for purposes of creating and operating client’s investment account.
2.33. “Mobile Money” Means electronic money held with any of the providers of such services.
2.34. “Mobile Money Wallet” Means the electronic account into and out of which money is paid and moved.
2.35. “NIA” Means NationalIdentification Authority
2.36. “Net Asset Value (NAV)” Means the value of the fund’s assets less its liabilities, divided by the total number of shares issued.
2.37. “Personal Identification Number (PIN)” Means the secret code you choose for your Mobile Money Wallet and Bank account which is required to allow transactions.
2.38. “Redemption” Means client’s withdrawing money from their investment account.
2.39. “Redemption Amount” Means the amount that is being or has been withdrawn from a client’s investment account.
2.40. “Redemption Account” Means the mobile money wallet or bank account into which client’s redemption from their investment is paid into.
2.41. “Resident Non-Ghanaian” Means a foreigner who stays in Ghana.
2.42. “SignUp” Means the process of registering on the Brassica App using a username and password.
2.43. “Selfie”Means a photograph that one takes of themselves.
2.44. “SMS” Means a Short Messaging Service consisting of text message.
2.45. “Source of Fund” Means the Mobile Money Wallet or Bank Account which is added to a user’s account on the Service.
2.46. “Source of Income” Means where a client's deposits into their investment account comes from.
2.47. “Statement” Means a list of all transactions (deposits/contributions, withdrawals/redemptions, and fees) on client’s investment account made over a specified period.
2.48. “Suspension”Means the process of making the Brassica Capital App and investment account inaccessible to the client.
2.49. “Transact” or “Transaction” means the deposit of money into client’s investment account and withdrawal of money from client’s investment account.
2.50. “Username” refers to a combination of characters combined with a password to gain access into the Brassica App.
2.51. “Wallet” Means a customer’s Mobile Money transactional account which is accessed primarily through their cellphone.
2.52. “We” or“Us” or “Our” refers to Brassica Capital Limited
2.53. “You” or “Your” or“Client”refers to the holder of an investment account on the Brassica App.
You request a demo of Bearer
We call you
You use Bearer
You receive emails from us
You chat with us for customer support
You opt-in to marketing messages
3.1. The Brassica Capital App is a mobile application that manages investment digitally and is available on Android and iOS mobile phones.
3.2. Functions of the Brassica Capital App.
The Brassica App is and shall be used for the following:
i. Create investment account(s) with BrassicaCapital Limited
ii. Deposit money into investment account(s)
iii. Withdraw money from investment account(s)
iv. Monitor the performance of investment.
v. Upgrade investment account(s) (E.g., from Tier1 to Tier 2 and from Tier 2 to Tier 3
vi. Set and manage investment goals.
vii. Create and manage the investments of clubs called Investment Clubs on the app.
viii. Educate investors on investment topics
3.3. Users of the Brassica Capital App will be informed of the availability of any services and features as and when those services and features become available.
4.1. The Brassica App can be accessed on theGoogle Play Store for Android phones and on App Store for iOS (Apple) phones.
4.2. To be able to use the App, Android users must be on Android version 5 or above and iOS users would have to be iOS version 13 or above.
4.3. The Brassica App is only available on mobile devices with the specific operating systems mentioned in 4.2.
4.4. Updates may be done to the app from time to time to optimize its quality and performance. It is advised that client downloads and installs the latest update for full functionality and user experience.
4.5. To use the Brassica App, clients must signup.
4.6. Signing up on the Brassica App requires the client to set a username and password.
4.7. Username and password shall be required each time to gain access into the Brassica App.
5.1. The process of sign up requires client to provide information some key information about themselves.
5.2. Brassica Capital reserves the right to revise this information from time to time as may be demanded for business purposes and to satisfy regulatory and statutory requirements.
5.3. Such information shall include but not limited to:
i. Client’s full name as captured on client’s Ghana Card
ii. Date of Birth
iii. Ghana Card ID Number
iv. Passport-like Selfie picture
v. Residential Address
5.4. The Ghana card number together with the selfie are used to verify the profile of the customer from the NIA database.
5.5. Without the verification in 5.4 prospective clients cannot sign up for the Brassica App.
5.6. The BrassicaApp can only be used by persons 18 years and above and with a valid Ghana Card. This includes resident foreigners with a valid issued Non-resident Ghana card.
5.7. Brassica reserves the sole right to decline registration or sign up onto the Brassica App without any explanation whatsoever to client.
5.8. If upon verification Brassica Capital Limited is not satisfied with the information provided Brassica Capital may decline client registration or sign up.
5.9. For customers of Brassica Pay Limited who want to become clients of Brassica Capital Limited,Ghana Card information clients provided to Brassica Pay Limited would be extracted and presented to client.
5.10. Client must verify the information as true and accurate about themselves.
