If you want to become an underwriter and issue a new type of title units into circulation, you will have to comply with the following underwriter’s basic principles:
- Underwriter is obliged to exchange WM-units of a particular type for respective assets;
- Underwriter is obliged to assume responsibility regarding the management, function and supervision of the Warranty Fund;
- Underwriter is obliged to specify the legal basis and ownership rights of the underwritten circulated WM-units;
- Underwriter shall accept the information transmitted in the system as authentic and reliable;
- Underwriter shall acknowledge the operator’s right to audit the Warranty Fund;
- Underwriter shall come to an agreement with the operator regarding the management and supervision technology of WM-units emission;
- Underwriter shall come to an agreement with the operator about statistical data reporting technology;
- Underwriter shall compose the text of the warranty policy that will be published for WebMoney Transfer users;
- Underwriter shall publish agreements, information on technology, details for exchange of WM-units of the underwritten type so that they are available for each member of the system.
Underwriters, as WebMoney Transfer users, have the highest status in the system. Laying down the conditions and terms of exchange of underwritten WM-units into money (or other assets), underwriters will get profit from all deposit and withdrawal transactions of the underwritten WM-units. Please send all questions about cooperation to the following address: all@wmtransfer.com.
