The purpose of the "Start investing" offer (hereinafter - Offer) of AS “SEB banka”
(hereinafter - SEB) is to encourage SEB private clients (hereinafter - Client or Clients) to take
the first steps in the field of investments by using the securities portfolio management
service provided by the Robo-Advisor in SEB mobile application. To achieve the goal, SEB
will not apply a portfolio management fee for a period of 1 year (hereinafter – Discount) from
the date on which Robo-Advisor`s portfolio management agreement (hereinafter -
Agreement) is concluded.
These Terms and Conditions define the rights and obligations of the customer and SEB
within the scope of the Offer, including the Offer’s limitations as well as the rules for applying
and using the Discount.
The offer is valid from 1st of April to 30th of June (hereinafter - Period).
The Offer specifies that the following conditions must be fulfilled to receive the Discount:
- During the Offer Period, the Client must neither have an active Agreement nor be
undergoing the Agreement closure process; - The Client must conclude an Agreement during the Offer Period.
The Client is not entitled to receive a Discount if:
- The Client had an active Agreement at the start of the Offer Period;
- Before the Offer Period began, the Client submitted a request to terminate an
existing Agreement, but the termination had not yet been completed (termination is
deemed completed only when all securities have been sold and the funds credited
to the Client’s account), and the Client subsequently entered into a new
Agreement; - The Client entered into the Agreement after the Offer Period ended.
The Client receives the Discount only once, even if more than one Agreement is concluded
during the specified Period. If the Customer enters into multiple Agreements under the Offer,
the Discount is applied only to the first Agreement concluded.
SEB will verify Client and Agreement compliance with the criteria set in these rules. The
Client who meets the above criteria will be granted the Discount – the monthly Robo-Advisor
portfolio management fee will not be applied for 1 year.
After the end of the Discount period, i.e. 1 year after the date on which the Client entered
into the Agreement, the commission fee for the management of the Robo-Advisor portfolio
will be charged on the last calendar day of month in accordance with the General Price list
of SEB.
The value of the Discount cannot be redeemed or received in cash.
The Client agrees to these Terms and Conditions of the Offer by concluding the
Agreement in SEB mobile application`s Robo-Advisor.
The Offer cannot be used by persons who are subject to restrictions on the use of SEB
bank's services or who are otherwise prohibited from purchasing securities. For example,
the restriction on the use of investment services applies to US citizens and residents of the
United Kingdom, as well as to citizens and residents of Russia and Belarus.
SEB reserves the right to terminate or modify the Offer without prior notice or
consequence. Modifications do not apply to the Clients and Agreements entered into an
Agreement before the modifications come into force. SEB will announce any such
termination or modification via its website or other communication channels if possible.
General Business Terms and Condition of SEB and the Agreement is applicable to
relations not regulated by this Offer. In case of a conflict between these rules and above
specified documents, these Terms and Conditions shall prevail.
SEB is the data controller of personal data processed within the framework of the Offer.
The processing of personal data is governed by SEB Privacy Policy.
The client has the right to submit a complaint to SEB regarding this Offer in accordance
with the procedure provided in the General Business Terms and Conditions of SEB.
The organizer of the offer is AS "SEB banka", address: 95 Elizabetes Street, Riga, LV-1050,
Latvia, registration number: 40003151743, phone number: (+371) 26668777, e-mail:
info@seb.lv.
