Application Guidance Capital Conversion of the Juro System.

When using a credit card debt obligation title (including charge authorization and / or debit card charge authorizations) as the type of standard money instrument (SMI) for conversion into units of a series of juro Digital Money, you will be required to submit the following documents and information with your Juro Conversion Underwriting Application:

(1) Legalized Copy of Agreement / Instrument

A fully legalized copy of the respective SMI which shall be converted into juro, including any covenants or policies governing them (as applicable), is required.

Generally, this is achieved by an Apostille certification (from treaty countries) or alternatively with Foreign Ministry or Embassy certification (as per jurisdiction arrangements with the USA). The SMI being converted into juro must be accompanied by a certified translation into American English (for non-English speaking jurisdictions only).

A digital submission of said files is acceptable so long as certified translations of the same into American English is provided (for non-English speaking jurisdictions, applicable).

(2) Exclusivity of Matter

A fully legalized affidavit from all of the beneficiaries or their legal representative(s) that affirms no legal process or collections activities concerning the SMI being converted into juro are pending at the time the application for conversion.

All affidavits shall be fully legalized by notary, and for all affidavits made from outside of the USA, an Apostille certification (from treaty countries) or alternatively a Foreign Ministry or Embassy certification (as per jurisdiction arrangements with the USA) must be provided. All affidavits must be accompanied by a certified translation into American English (for non-English speaking jurisdictions only).

(3) Issuance Purpose

A true certified copy of the origination files is required, including the agreements, transaction(s), commerce, business or activities for why the SMI exist in the first place.  This is to include all reports identifying collaterals, appraisals, valuations, insurance policies, contingencies, and assessment of capabilities of the debtor / issuer, and complete transaction history pertaining to the SMI.

A digital submission of said files is acceptable so long as certified translation of the same into American English is provided (for non-English speaking jurisdictions).

(4) Security Interests

A fully legalized copy of any security interest filings and insurance policies / performance bonds (ie enforceable legal claims or liens on collateral that have been pledged, UCC filings, mortgage filings, etc) pertaining to the SMI (if any), are required.

(5) Beneficiaries Disclosure

A ledger of all of the beneficiaries and debtors (including all contact details and “know your counter-party information”) of the SMI being converted is required with the submission dossier.

(6) CCJS Distributions

A ledger of the pro rata distribution to beneficiaries of the SMI being converted in to juro Digital Money, including the Juro Central Network Account(s) to be credited with the juro upon conversion, for each of the beneficiaries is required with the CCJS submission dossier. The ownership of an active Juro Central Network Account is a prerequisite for a capital conversion of the Juro System for the beneficial owners of the SMI being converted, however Juri Membership of debtors’ or issuers of the SMI is not a prerequisite for conversion.

(7) Obligations Disclosure

A ledger of the pro rata obligations of debtors of the SMI being converted into juro Digital Money, including any liens or encumbrances on the titles thereto, is required with the CCJS submission dossier.

(8) Members of the Juri™

Juro Organization Membership Confirmation of each of the beneficiaries of the SMI conversion into juro Digital Money. Juri Membership is a prerequisite for the capital conversion of the Juro System (CCJS).

(9) Register of Transfers

If the SMI which is the subject of the juro conversion application was sold, assigned, or the ownership and/or beneficiary status has otherwise transferred to a party which is not listed in the original certified copy of bill of exchange (ie through the appointment of a trustee, receiver, probate administrator, etc), then the following shall also be submitted with the application:

• A fully-legalized instrument for each respective transfer of ownership and/or beneficiary status in the SMI with Apostille certification (from treaty countries), or with Foreign Ministry or Embassy certification (as per jurisdiction arrangements with the USA). All documents must be accompanied by a certified translation into American English (for non-English speaking jurisdictions only).
• Alternatively, an active title insurance policy for the SMI being converted which shall benefit the Juro Organization upon transfer is acceptable in lieu of the transfer ledger.

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Upon CCJS Approval

Contribution to the Trust Estate. 

In accordance to the terms and conditions of the trust deed, in consideration for the applicant(s) contributing all rights, claims, property, title, and ownership associated to the respective standard money instrument(s) (“SMI”) subject to the capital conversion of the Juro System (CCJS) to the trust estate of the Juro Organization; the the nominal amount of juro Digital Money of the appropriate series shall be issued and allocated to the applicant beneficiary or beneficiaries (as applicable).

Ancillary costs incidental to transfers of title. 

The applicant(s) shall undertake to pay any ancillary costs which are associated with registering and transferring ownership (and any security interests) in the name of the trust estate of the Juro Organization of the SMI subject to the CCJS.

CCJS Transaction Limits & Anti-Money-Laundering Matters

There is no maximum value for capital conversions of the Juro System (CCJS). However, any Juro Central Network Accounts, that reach or will reach a deposit amount or cumulative transaction value that exceeds $10,000.00 USD (or currency equivalent) at any time within a calendar year are required to provide a proof of address to be added to their Member of the Juri™ profile and shall provide their tax identification number for their domicile. When Juri Members open an investment account or operate in the United States, if a US tax number exists, it shall also be required when reaching the $10,000 threshold. Alternatively, a US tax number will be procured for reporting purposes.

NOTE

Securitizations of large portfolios of a single-type of SMI can be used to undergo a single Juro Conversion underwriting process for a reduced package fee in lieu of individual applications.