The Arab Regional Payments Clearing and Settlement Organization and its officers, agents, employees, and content providers (referred to below as “ARPCSO” or “Buna, “we” or “us” or “our”) maintain this website and/or any related site (such as a related mobile application) that links to these Arab Regional Payments Clearing and Settlement Organization Terms and Conditions (the "Site") as part of efforts to provide broad public access to information. We encourage you to use the Arab Regional Payments Clearing and Settlement Organization information and data it contains (the "Materials") as well as communications tools designed to facilitate this use. Your access to and use of the Site, the Materials, those communications tools, and any new tools made available by us that alter or improve your use of the Site or the Materials are subject to these Arab Regional Payments Clearing and Settlement Organization Terms and Conditions, as well as any documents expressly incorporated by reference herein (collectively these “Terms and Conditions”)..
Please read these Terms and Conditions carefully before you start to use the Site. By using the Site, you accept and agree to be bound and abide by these Terms and Conditions and our Privacy Policy. If you do not want to agree to these Terms and Conditions or the Privacy Policy, you must not access or use the Site.
1. Logo & Trademark
Buna and its logo are a registered trademark of the Arab Regional Payments Clearing and Settlement Organization. Use of the Buna logo requires the express written permission of the Arab Regional Payments Clearing and Settlement Organization. For permission to use the Buna logo please send a request explaining the proposed use to the [email protected].
2. Disclaimer
The Arab Regional Payments Clearing and Settlement Organization is an international organisation which acts as System Operator of Buna. This is a public initiative that was mandated by the Arab Council of Arab Central Banks and Monetary Authorities Governors and executed by the Arab Monetary Fund. The mandate was to build a Financial Market Infrastructure to connect FI’s across the Arab region to perform cross border transactions in different currencies in a more efficient, cost effective and smooth way.
The Arab Regional Payments Clearing and Settlement Organization does not warrant or guarantee the accuracy, completeness or fitness for purpose of any information or material on this website. Under no circumstances shall the Arab Regional Payments Clearing and Settlement Organization be liable for any loss, damage, liability or expense suffered in connection with reliance by any person on any such information or material.
Nothing on this website shall be construed as containing any investment recommendation or advice, or as constituting an offer or invitation by or on behalf of the Arab Regional Payments Clearing and Settlement Organization to subscribe for any services.
Except where expressly stated to the contrary, the views stated in any material on this website are those of the named authors thereof and are not necessarily those of the Arab Regional Payments Clearing and Settlement Organization.
The designations used and the presentation of material on this website do not imply the expression of any opinion whatsoever on the part of the Arab Regional Payments Clearing and Settlement Organization concerning the legal status of any country, area or territory or of its authorities, or concerning the delimitation of its frontiers or boundaries.
This website may contain electronic links to other websites. This does not imply any endorsement or responsibility on the part of the Arab Regional Payments Clearing and Settlement Organization with respect to the opinions, ideas, data or products presented on other websites.
Under no circumstances shall the Arab Regional Payments Clearing and Settlement Organization be liable for any loss, damage, liability or expense suffered in connection with the use of this website, including (but not limited to) any fault, error, omission, interruption or delay.
3. Privacy Policy
Through the use of various technological tools - including, but not limited to, cookies, tags, beacons and Internet Protocol (IP) addresses - the Arab Regional Payments Clearing and Settlement Organization may collect information about Users' browsing history as well as certain other information related to Users' use of and visits to the Buna website.
As part of its daily operations, the Arab Regional Payments Clearing and Settlement Organization, as System Operator of Buna, collects different types of data and information, including the personal information of its personnel, market participant and FHI representatives, as well as transaction data that shall be settled through the system.
The Arab Regional Payments Clearing and Settlement Organization upholds the highest standards of data privacy, especially considering that it is compliant with PFMI requirements, and, as such, shall enforce its data privacy policy diligently while carefully storing and protecting the data it collects.
