Beneficiary Claims

Beneficiary Claims of capital providers to the following organizations:

Beneficiary Claims
To come into being by capital provisions or donations to the GCM, Basecoop or SESEL
Risk disclaimer: There is no obligation to meet the beneficiary claims. However if there are reserves from profit income it will be done.

Paying out of Beneficiary Claims
Withdrawal requests just can be processed if there are available reserves from profit income.
Conditions for withdrawal requests
• Possible earliest after 1 year of the last deposit to GCM, Basecoop or SESEL.
• The maximum amount is EUR 10,000 per request, initially there is a lower limit.
• One request at a time is permitted only.

Presently there are no withdrawal requests possible because there is no organization existing yet to produce the profit income needed for pay-outs.

BC Institute (proposed)

The BC Institute is proposed to be established in Europe.
The BC Institute is proposed to receive capital from the 3 owner entities to produce profit income.
The BC Institute is proposed to invest in company shares of public and private companies according the objects of the owner entities.

Proposed profit income
• Dividends and other gains from investments in public or private companies;
• Payments from GCM-registered companies for profit participation rights;
25% of any profit income is reserved to meet beneficiary claims.

Initally operated by GCM Limited, then by the proposed BC Institute