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ASA (Affiliate Service Agreement)

🤝 ASA (Affiliate Service Agreement)

Category: Legal / Contracts / Banking Services
Related Terms: Broker Agreement, Referral Agreement, Principal-to-Principal, Compliance

💡 Overview

An Affiliate Service Agreement (ASA) is a formal contract that outlines the terms and conditions between US Capital Private Bank and its affiliates or partners who provide services such as client referrals or project introductions. This agreement ensures compliance with banking regulations and clarifies the roles, responsibilities, and compensation structures between the parties involved.

📜 Key Elements of an ASA

  • Scope of Services:
    Defines the exact services the affiliate will perform, such as client referrals, marketing, or project facilitation.

  • Compliance Requirements:
    Affiliates must adhere to all applicable laws and regulations, including anti-money laundering (AML) and Know Your Customer (KYC) policies.

  • Compensation & Fees:
    Specifies how affiliates will be compensated for successful referrals or services rendered, including any commission structures.

  • Non-Third Party Transactions Clause:
    US Capital Private Bank operates strictly on a principal-to-principal and bank-to-bank basis. Affiliates and brokers must ensure all referrals contact the Bank directly. The Bank does not engage in third-party transactions to maintain compliance with banking regulations and avoid conflicts with broker registration requirements.

  • Termination Conditions:
    Outlines the conditions under which the ASA can be terminated by either party.

⚖️ Regulatory Context

US Capital Private Bank’s ASAs are designed to comply with regulations governing broker-dealer activities and financial services. According to the U.S. Securities and Exchange Commission (SEC), brokers must be registered and comply with strict guidelines to protect investors and ensure market integrity.

For detailed regulatory guidance, see the SEC Broker-Dealer Registration Guide.

🚫 Why No Third-Party Transactions?

As a licensed bank, US Capital Private Bank cannot legally process or participate in transactions initiated by third parties or brokers who have not completed their own contracts. This protects the Bank from regulatory violations and ensures transparent, direct communication with clients.

📚 Related Articles

🎥 Video Resource

Watch: Understanding Affiliate Agreements & Compliance

📬 Contact US Capital Private Bank

For questions regarding Affiliate Service Agreements or partnership opportunities:

🛡️ US Capital Private Bank operates under Divine Law Trust structures to safeguard your assets with sovereign-level protection.

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