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TERMS AND CONDITIONS

General Terms and Conditions of Business of Schwarzman LLC

1. Definitions

For the purposes of these Terms, the following definitions apply:

“Schwarzman” means Schwarzman LLC, Cayman Islands.
“Customer” means any natural person accepted by Schwarzman through its onboarding process.
“Technology Platform” means the web, mobile, settlement, and operational systems operated by Schwarzman.
“Partners” means regulated financial institutions used by Schwarzman for settlement and execution (including LCX, Kraken, Bank Frick, FV Bank, Copper Markets).
“Settlement” means the execution, conversion, or transfer of Customer funds within the Partner network.
“Capital Participation Program” means a fixed‑term capital arrangement (12/24/36 months) offered by Schwarzman, not constituting a regulated investment product.
“Reference Deposit” means the USD 10,000 deposit required to maintain the Schwarzman Card.

All terms are to be interpreted strictly according to their defined meaning. No alternate interpretation shall apply.

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2. Object of the Business Relationship

These Terms govern the Customer’s access to and use of Schwarzman’s Technology Platform, settlement capabilities, capital participation programs, and card‑related services.

Schwarzman provides private settlement and capital participation services, not regulated investment management, banking, brokerage, or advisory activities.

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3. Scope of Application and Eligibility

(1) These Terms apply to the entire legal and operational relationship between Schwarzman and the Customer.

(2) Customers interact exclusively with Schwarzman. They do not enter into any direct contractual relationship with Partners. Customer funds are processed, settled, converted, or transferred within the constraints imposed by the Partners.

(3) Schwarzman accepts only Customers who meet its compliance, jurisdiction, and due‑diligence requirements.

(4) Schwarzman does not guarantee service availability in any specific jurisdiction.

 

4. Nature of Services; No Advice; No Managed Investments

(1) Schwarzman provides operational services only: settlement, conversions, card funding, and capital participation programs.

(2) Schwarzman does not:

  • provide investment, tax, or legal advice,

  • manage funds or portfolios,

  • act as a fiduciary, custodian, or broker,

  • guarantee execution, liquidity, profitability, or timing.

(3) All services are performed on a best‑efforts basis, subject to Partner availability, liquidity constraints, regulatory requirements, technical conditions, and market forces.

(4) Minimum entry threshold is USD 10,000.

 

5. Use of the Technology Platform

(1) Customers may use the Technology Platform only within the scope provided.

(2) Submission of any order (settlement, conversion, payment instruction, capital allocation, card funding) constitutes a binding instruction once processed.

(3) Schwarzman may decline, delay, or suspend any order for reasons including compliance review, Partner restrictions, liquidity conditions, operational risk, or regulatory limitations.

(4) Schwarzman may suspend or terminate access in cases of misuse, non‑cooperation, or risk exposure.

(5) Customers consent to electronic communication exclusively.

 

6. Data Protection

Schwarzman processes Customer data solely for contractual performance and compliance. Data may be shared with Partners where required for settlement or execution. Schwarzman is not responsible for Partner‑level data protection frameworks.

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7. Customer Obligations

Customers must:

• use the Platform only as intended,
• verify all transaction data before submission,
• maintain accurate information,
• secure devices and credentials,
• report unauthorized access immediately,
• review statements promptly,
• acknowledge that Partner-imposed limitations are outside Schwarzman’s control.

Partner actions (freezes, restrictions, delays, technical outages) are risks borne exclusively by the Customer.

 

8. Outages and Maintenance

Service interruptions may occur due to maintenance, system upgrades, Partner outages, or force majeure. No guarantee of uninterrupted access is given.

Section 9 applies.

 

9. Limitation of Liability

To the fullest extent permitted under Cayman Islands law:

(1) Schwarzman disclaims liability for any direct, indirect, incidental, consequential, or special damages arising from use, delays, outages, or settlement processes.

(2) No liability is assumed for the accuracy or completeness of market data or Partner-provided information.

(3) Schwarzman is not responsible for Partner decisions, restrictions, freezes, delays, technical failures, or account limitations.

(4) Customers are solely responsible for securing their devices and access environment.

(5) No liability applies in cases of force majeure or events beyond Schwarzman’s control.

 

10. Capital Participation Programs (Contract Duration)

Schwarzman offers term‑based capital participation, not regulated investment products. The contractual duration corresponds strictly to the selected program:

• Private Reserve: 36 months
• Capital Advantage: 24 months
• Strategic Capital: 12 months

(1) Capital participation cannot be terminated early by the Customer unless Schwarzman expressly approves such request at its sole discretion.

(2) Schwarzman may terminate the relationship at any time, including immediately, for regulatory, risk, liquidity, or Partner-related reasons.

(3) Repayment upon termination is limited strictly to funds actually available to Schwarzman at the time of termination, after deduction of operational costs, Partner-imposed limitations, liquidity adjustments, and market-related changes.

No guarantee of full capital repayment is given.

 

11. Reference Deposit Requirement (Card Access)

(1) Access to the Schwarzman Card requires a USD 10,000 reference deposit (EUR equivalent accepted).

(2) The reference deposit is:

  • separate from transactional balances,

  • not available for settlement, exchange, or withdrawal,

  • required for the full duration of the card relationship.

(3) The deposit may be subject to internal system adjustments used solely to offset operational card-related costs. These adjustments:

  • are not guaranteed,

  • are not interest,

  • do not constitute a return, distribution, or yield.

 

12. Currency Structure, Settlement, and Fees

(1) Schwarzman operates its internal treasury, accounting, and liquidity systems in USD.

(2) The Schwarzman Card is EUR‑denominated. Conversion from USD to EUR occurs once at the moment of card loading.

(3) Fiat‑to‑crypto and crypto‑to‑fiat exchanges occur within the Partner settlement network.

(4) Settlement fee: 1% (maximum 2%), applied to the final settlement value.

(5) Customers may initiate fiat transfers, invoice payments, and settlement flows via assigned settlement IBANs.

 

13. Governing Law and Jurisdiction

(1) These Terms are governed exclusively by the laws of the Cayman Islands.

(2) The courts of the Cayman Islands have exclusive jurisdiction. Proceedings elsewhere remain governed by Cayman Islands law.

(3) If any clause is found invalid, the remainder continues in full force.

(4) Schwarzman may amend these Terms with two (2) months' notice. Amendments are deemed accepted unless rejected before the effective date.

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