UNITED BULGARIAN BANK API EULA

Please read this License Agreement ("Agreement") carefully before clicking the "I Accept the Terms & Conditions" button.

By clicking the "I Accept the Terms & Conditions" button, you are agreeing to be bound by the terms and conditions of this Agreement to use the APIs in the Sandbox.

If you do not agree to the terms of this Agreement, do not click on the "I Accept the Terms & Conditions" button and do not add the API to the list of APIs your application will access.

1. Definitions

When used in this Agreement with the initial letters capitalized, in addition to the terms defined elsewhere in this Agreement, the following terms have the following meanings:

∙ API means the UNITED BULGARIAN BANK’S (UBB) application programming interface;

∙ Intellectual Property Rights means all patents, copyright and related rights, trademarks, logo, service marks, trade, design rights, business and domain names, rights in trade dress or get-up, rights in goodwill or to sue for passing off, rights in designs, database rights, rights in confidential information (including know-how and trade secrets) and any other intellectual property rights, in each case whether registered or unregistered and including all applications for, and renewals or extensions of, such rights, and all similar or equivalent rights or forms of protection in any part of the world.

∙ Sandbox is the software testing environment that enables the isolated execution of software or programs for independent evaluation, monitoring or testing. 

2. License

UBB grants you a limited,  non-transferable, non-exclusive, as-is, non sub licensable license

to use the API for the sole purpose of developing and testing your applications.

3. Restrictions

You shall not- 

∙ change or delete any copyright, trademark, tradename or other proprietary notices, legends, symbols, or labels appearing on or in the API;

∙ Disclose, share  or divulge any of the API specifications to any third party;

∙ Represent in any way that your application is approved, recommended or endorsed by us;

∙ Disable, or by pass any security protocols or measures or technical limitations of the APIs; 

∙ Modify, decompile, reverse engineer or otherwise alter the APIs;

∙ Participate or engage in any activity which restricts, hinders, impedes, interrupts or harms the API in any way or permits unauthorised access to the API;

∙ Use the API and the content thereon for any purpose other than those expressly permitted by these Terms of Use

UBB reserves the right to modify, suspend or discontinue, temporarily or permanently, the APIs, with or without notice and without liability to you.

4. Intellectual Property

Intellectual Property Rights 

4.1 We retain all Intellectual Property Rights with respect to UBB API’s,  including content and documentation and these may not be copied, transmitted or reproduced without our  prior consent. All Intellectual Property Rights and other rights in connection with the Portal  (including without limitation, information, graphics, software, text, sounds, images, trade marks, service marks, trade names and logos) are vested in us or our licensors.   You agree that you shall not obtain any Intellectual Property Rights, title or interest in the Portal other than in accordance with these Terms of Use.

4.2  You undertake not to do anything which would bring UBB or any of it trademarks, trade names, logos, or branding into disrepute or harm the reputation and goodwill of UBB.

4.3 You acknowledge and agree that we may independently develop or create applications, content or other services or products that may be similar to and/or compete with your applications and nothing in these Terms of Use shall prevent us from exploiting any such commercial opportunities.

5. Term and Termination

This Agreement shall remain in effect until terminated by you or UBB. 

UBB may, in its sole discretion, at any time and for any or no reason, suspend or terminate this Agreement with or without prior notice.

This Agreement will terminate immediately, without prior notice from UBB, in the event that you fail to comply with any provision of this Agreement. You may also terminate this Agreement by deleting the Application on our API.

Upon termination of this Agreement, you shall cease all use of the APIs on the Sandbox.

6. Severability

If any provision of this Agreement is held to be unenforceable or invalid, such provision will be changed and interpreted to accomplish the objectives of such provision to the greatest extent possible under applicable law and the remaining provisions will continue in full force and effect.

7. Amendments to this Agreement

UBB reserves the right, at its sole discretion, to modify or replace this Agreement at any time. What constitutes a material change will be determined at our sole discretion.

8. Applicable law and jurisdiction

The provisions of the Bulgarian law shall apply to this Agreement. Disputes betwen UBB and you related to, or arising from this Agreement shall, unless settled amicably between UBB and you, be brought for resolution before the competent Bulgarian court in Sofia, Bulgaria.

UBB Balanced Fund

A Short Description

The main goal of "UBB Balanced Fund" is to provide unitholders preserve and increase the value of the shares of the fund through capital gains at a moderate level of risk by investing in a balanced portfolio of securities.

Recommended investment period: at least 3 years.

In the short term, the aim of the fund is to achieve a higher return on comparable alternative investments in lev at a moderate level of risk.

Type of fund:Balanced mutual fund
Investment focus:Bulgarian equities and bonds
IPO:31.01.2005
Minimum investment100 leva
Currency:Bulgarian Lev (BGN)
Depository bank:Eurobank Bulgaria JSC
Fees for investors
Issue feeno
Redemption fee before 12 month0.40% from NAV per 1unit
Redemption fee after 12 monthsno
Management fee2.25%

The good corporate governance is at the core of the strategy to achieve the expected return and build the confidence of investors.

The short-term objective of the mutual fund is to achieve higher return than the one achieved by investment in comparable alternative medium-risk investments in BGN. "UBB Asset Management" has provided a network of offices (desks) where investors may place orders for purchase and sale of units of "UBB Balanced Fund". These are the office of the Management Company and the branches of "United Bulgarian Bank" in the country.

Investment objectives

To achieve the main goal of "UBB Balanced Fund" there is an active approach in managing the securities portfolio and a suitable methodology for risk management, while respecting the following strategy: Looking for balance between fixed income instruments and equity securities, which implies less volatility in prices and profitability of the portfolio;

Investments in shares add volatility to the portfolio increased risk, respectively - the possibility of higher returns;

Through the distribution of assets (Asset Allocation) and regular balancing of portfolio diversification is achieved and combine the advantages of all securities available on the market;

Maximising returns and realization of the benefits of relative movement in the value of various financial assets and various regional capital markets;

Funds management through flexible policy risk minimization, limitation and prevention of possible losses (hedging).

The yield, which is expected to be realized in the management of the assets of "UBB Balanced Fund" is formed by revenues from price differences in the purchase and sale of securities from the portfolio of the company, received dividends and interest on debt securities, bank deposits and others.

"UBB Balanced Fund" can be performed term deals in the acquisition and sale of securities and contracts with repurchase (repos).

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