Authorisation Letter to Financial Institution

Margin Client for Stock Borrowing

No. of Prokens Required: 1 |

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Description:

Authorisation given by margin account client for securities borrowing / lending purposes.

The Account opened allows for deposits such as securities as collateral for loans or advances made to the authorised by a financial institution; to borrow or lend such securities without notice. However, such stock borrowing and lending is to be in accordance with Exchange regulations. Any consideration payable by or to me/us for the borrowing, lending, or deposit of securities under this authorisation is to be set by separate treaty.

 

How to use this Document?

 

This is a letter to for the authorisation for securities borrowing / lending under Margin Account. 

This letter should be signed by the client.

 

How to Tailor the Document for Your Need?

  1. Create Document: Click “Create Document” button and the document will be prepared with your account details automatically filled in.

  2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.

  3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

  4. Please review the document carefully and make any final modifications to ensure that the details are correct before sending to the addressee.

Document Type:

Letter / e-mail / note / correspondence

Category:

Business > Banking and Finance > Banking / Account Opening Form

 
Keywords:

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securities

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stock borrowing

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stock lending

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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.