EUR CoinVertible

Under MiCA Article 49, EEA-resident holders always have a claim against the issuer and can ask for redemption at par in euros.

“In accordance with Article 49 of MiCAR, Holders that are EEA residents have, at all times, a claim against the Issuer and have the right to request redemption of their EURCV at par value in immediately available funds denominated in Euro.”

If the issuer fails its obligations, holders have an exclusive claim, pro rata, on the assets in the segregated accounts.

“Where the Issuer fails to meet its financial obligations towards Holders, Holders have an exclusive claim against the assets comprised in the Segregated Account(s) pro rata to their claim on the Issuer.”

Société Générale – FORGE is authorised by the French ACPR as an electronic money institution to issue e-money.

“Société Générale - FORGE is authorized as an electronic money institution and payment service provider on e-money tokens by the French Autorité de Contrôle Prudentiel et de Résolution (the Prudential and Resolution Authority) (the “ ACPR”) to provide electronic money issuance services.”

EURCV and all rights and obligations connected with it are governed by French law.

“The EURCV and any rights and obligations (including any non-contractual obligations) arising out of or in connection with any of them, are governed by, and will be interpreted in accordance with, the laws of France.”

EEA-resident holders can redeem at any time at par value.

“The Holders of EURCV that are residents of the European Economic Area (EEA) have a right of redemption at any time and at par value.”

EEA-resident holders who do not pass KYC/AML, sanctions or other checks may be unable to redeem.

“Holders of EURCV that are EEA residents but do not comply with KYC/AML, Sanctions Rules or other controls may not be able to exercise their redemption rights.”

If a recovery option is triggered, redemption may become subject to liquidity fees, a daily limit or a suspension of redemptions.

“upon the trigger of a recovery option, the redemption of the EURCV may become subject to: (i) liquidity fees, (ii) a daily limit in terms of quantity of EURCV that can be redeemed by the Issuer for the purposes of this recovery option; (iii) a suspension of redemptions”

Issuance proceeds, in euros, go to segregated accounts and serve as collateral for EURCV.

“The Issuer will transfer the issuance proceeds, converted in Euro, as the case may be, to the Segregated Account(s) so that the issuance proceeds will serve as collateral for the EURCV.”

The purchase price goes to a segregated account in the issuer's name at Société Générale, the initial collateral custodian.

“The purchase price for the EURCV will be transferred by the purchaser to a segregated account opened in the name of the Issuer in the books of Société Générale (the “Initial Collateral Custodian”)”

The issuer may blacklist addresses and freeze EURCV sent from or to a blacklisted address.

“If a Holder sends or receives EURCV from a blacklisted address, the Issuer has the right to freeze the corresponding EURCV.”

The issuer may create and issue more EURCV at any time without holders' consent.

“The Issuer may from time to time without the consent of the Holders create and issue further EURCV representing the same rights in all respects as set out in this White Paper, and so that the same shall be assimilated and form a single class with the outstanding EURCV.”

Material changes are published in a modified white paper and notified to the authorities (MiCA Article 51).

“As provided with and in accordance to article 51 of MiCAR, any significant new factor, any material mistake or any material inaccuracy that would be capable of affecting the assessment of EURCV will be described in a modified version of this White Paper”