Current version 1.1

Published: 16 September 2022

Introducer partner definitions

This document (the “Definitions”) sets out the definitions applied to the Introducer Partner Agreement, the Introducer Partner General Terms and Conditions and any other document which makes reference to these Definitions. 

“Affiliates” means any entity that directly or indirectly controls, is controlled by, is under common control with or is otherwise in the same group of entities as a Party to the Agreement;

Agreement” means the Introducer Partner Agreement, the Introducer Partner General Terms and Conditions, the Definitions, any addendums to the Agreement, and the Guidelines;

Business Banking” has the meaning set out in clause 1.3(i) of the Introducer Partner Agreement;

Business Banking Commission” has the meaning set out in clause 4.2 of the Introducer Partner Agreement, at all times excluding (i) applicable VAT, and (ii) direct cost of sold goods (COGS), COGS including transaction fees and other direct fees and costs incurred by Intergiro in the provision of the Business Banking services to the Introduced Customer;

Business Banking Commission Percentage” means the percentages set out in Table 1 of the Introducer Partner Agreement;

Business Banking Fees” means the fees charged to and paid by an Introduced Customer to Intergiro for their use of the Business Banking services, as determined by reference to the table set out in section 4 (Commission) of the Introducer Partner Agreement;

Business Banking Transaction Amount” means the amount of all Transactions during a calendar month by the Introduced Customers;

"Business Day" means 08.00-17.00 within a day when commercial banks are open for general banking business (other than internet banking) in Sweden;

Card Acquiring” has the meaning set out in clause 1.3(ii) of the Introducer Partner Agreement;

Card Acquiring Commission” has the meaning set out in clause 4.3.1 of the Introducer Partner Agreement;

Commission” means Business Banking Commission and/or Card Acquiring Commission (as applicable); 

Commission Report” means a report prepared by Intergiro setting out the Business Banking Commission and/or the Card Acquiring Commissions for the preceding Period and relevant calculations (on an aggregate basis);

Confidential Information” means any information disclosed by a Party under the Agreement except (i) information that was already lawfully in a Party’s possession without any duty of confidentiality, (ii) is subsequently disclosed to Party by a third party that was not in breach of any obligation of confidentiality, (iii) is or becomes generally available to the public through no act or default on a Party, or (iv) was independently developed by a Party without use of, or reliance upon the Confidential information;

Corporate Referral” has the meaning set out in clause 2.4 of the Introducer Partner General Terms and Conditions;

Customer” has the meaning set out in clause 1.4 of the Introducer Partner Agreement;

“Effective Date” has the meaning set out in the Introducer Partner Agreement;

“Business Banking Fees” means the fees decided upon and charged by Intergiro to, and paid by, an Introduced Customer for its Transactions; 

GDPR” means regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data;

Guidelines” means Intergiro’s guidelines and instructions published on Intergiro’s website www.intergiro.com/faqs (as amended from time to time) or otherwise provided by Intergiro;

Incoming Transactions” means received Business  Banking transfers of funds into an Introduced Customer’s Intergiro corporate account using the SEPA Network or the SWIFT Network; 

Initial Term” has the meaning set forth in clause 8.1 of the Introducer Partner General Terms and Conditions;

Intergiro” means Intergiro Intl AB (publ), a Swedish fintech company licensed and registered as an electronic money institution with licence no 48003 with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) with the authority to issue electronic money and to provide payment services. Intergiro’s registered address is Box 3093, 103 61 Stockholm, Sweden and VAT number is SE556965353701, and its subsidiaries;

Introduced Customer” means a Referral (i) made by the Partner, (ii) accepted by Intergiro and (iii) onboarded to use the Services;

"Introducer Partner General Terms and Conditions" means Intergiro’s Introducer Partner General Terms and Conditions (as amended from time to time);

Introducer Portal” means Intergiro’s web-based portal for referral of Potential Customers for Business Banking, currently available at: https://introducers.intergiro.com/login (as updated from time to time);

"Law" means any applicable law, order, decree, ordinance, statute, regulation, generally accepted authority guideline or directive (having direct effect) in 

force from time to time;

Local Networks” means payment in local currency with settlement via national clearing (outside Sepa);

Merchant Application” means Intergiro’s merchant application and agreement for Visa/Mastercard e-commerce card acquiring (card not present) or agreed amendments to such application; 

Merchant Referral” has the meaning set out in clause 2.3 of the Introducer Partner General Terms and Conditions;

Operational Requirements” means Intergiro’s operational requirements, applicable from time to time, in respect of corporate or merchant Customers;

Outgoing Transactions” means executed Business Banking transfers of funds from an Introduced Customer’s Intergiro corporate account using the SEPA Network, the SWIFT Network or the Local Networks;

Parties” means the Partner and Intergiro;

Partner” means the corporate entity defined as “Partner” in the Introducer Partner Agreement; 

Partner’s Account” means the Partner’s corporate account held with Intergiro or an account held with a third party financial institution in the name of the Partner;

Period” has the meaning set out in clause 3.2 of the Introducer Partner General Terms and Conditions;

Permitted Receivers” means a Party’s Affiliates, its officers, employees or representatives; 

Personal Data” means any information relating to an identified or identifiable natural person; an identifiable natural person is a person who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data or online identifiers, or one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person;

Policies” means Intergiro’s internal policies and procedures, including know your customer (KYC), anti-money laundering (AML) and risk policies, in effect from time to time; 

Potential Customer” means corporate or merchant Customer introduced by the Partner not yet reviewed by Intergiro;

Referral” means Merchant Referrals and Corporate Referrals;

Renewal Term” has the meaning set forth in clause 8.1 of the Introducer Partner General Terms and Conditions;

Representatives” means the Customers representatives, including members of the board of directors, CEO and ultimate beneficial owners and the equivalent;

Services” has the meaning set out in section 3 (The Services) of the Introducer Partner Agreement;

Transaction” means Incoming Transactions and Outgoing Transactions; and

VAT” means any applicable state sales tax, or value added tax as chargeable pursuant to the European Council Directive 2006/112/EC (and any supplementary or national implementing legislation thereto), or any similar sales or turnover tax in any jurisdiction.