Dragon Global Solutions Limited (trading as Dragon Global Finance is incorporated in England (company number 12259225) with its registered office at Cpl - 110 Viglen House Business Centre, Alperton Lane, London, England, HA0 1HD, The Company is an authorised Agent (with Financial Conduct Authority reference 850267), of Mbakey Export and Finance Limited with its registered office at 1 Hatch Furlong Station Road Little Kimble, Aylesbury, Buckinghamshire HP17 0XN, United Kingdom. Mbakey Export and Finance Limited is authorised by the Financial Conduct Authority as a Payment Institution with reference 669166.
These Terms & Conditions specifies the opening and use your Dragon Global Solutions Limited account and Dragon Global Solutions Limited Online System and other related payment services. Together with Dragon Global Solutions Limited's International Privacy and Data Protection Policy as well as agreement on provision of payment services concluded with you, they constitute the legal relationship between you and Dragon Global Solutions Limited. You are advised to print and keep a copy of these documents for future reference.
Your Dragon Global Solutions Limited Account is a payment account connected to your Dragon Global Solutions Limited Online System which, in addition to other functionalities, enables you to use Dragon Global Solutions Limited’s mass payment solution, execute SEPA and non-SEPA payments as well as convert currency. The Dragon Global Solutions Limited Account is opened and governed in accordance with the Payment Service Directive (Directive 2007/64/EC of the European Parliament and of the Council of 13 November 2007) and national laws of the United Kingdom and supervised by the Financial Conduct Authority. The Dragon Global Solutions Limited Account is a payment account and funds transferred through the Dragon Global Solutions Limited Account do not remain under control of Dragon Global Solutions Limited longer than it is necessary due to operational and technical reasons to execute your transaction initiated via the Dragon Global Solutions Limited Online System. Delays will be dependent only on timing (e.g. weekend processing), a lack of adequate know-your-client (KYC) documentation and technical issues. Dragon Global Solutions Limited, based on execution of payment transactions and money remittance services, offers: sending bank transfers to other bank accounts or payment service provider’s accounts either in the form of SWIFT/SEPA transfers or local bank transfers where applicable; receiving bank transfers to the Dragon Global Solutions Limited Account from other bank’s or payment service provider’s accounts; opening a dedicated bank account for you or using the existing Dragon Global Solutions Limited International account(s) on a segregated basis, through which all outgoing and incoming transfers will take place; and exchange of currency. Dragon Global Solutions Limited's services can be provided in EUR, GBP and USD. Exchange of currency services will be provided only in relation to Dragon Global Solutions Limited Services when it is necessary to change: EUR to GBP; EUR to USD; GBP to EUR; GBP to USD; USD to EUR, USD to GBP. Payment accounts are not bank accounts. By accepting these Terms & Conditions you acknowledge that the United Kingdom deposit guarantee scheme does not apply to your Dragon Global Solutions Limited Account. Dragon Global Solutions Limited strictly adheres to the legal requirements under the European Payment Service Directive and United Kingdom national laws which are designed to ensure the safety and liquidity of funds deposited in payment accounts. Pursuant to the Payment Service Directive and United Kingdom national laws, your funds are protected using the account segregation method. Such method ensures that: Dragon Global Solutions Limited ensures that your funds are kept in a separate bank account opened for the benefit of Dragon Global Solutions Limited clients and it will not be used to keep funds of Dragon Global Solutions Limited or other parties which are not considered to be the users of the payment services offered by Dragon Global Solutions Limited. You shall hold ownership of the funds transferred to the payment institution for the provision of payment services and third parties cannot direct recovery for the debts of the payment institution to these funds;