Authorisation Letter to Financial Institution

Third Party to Operate Account

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Description:

Authorisation given to a third party in relation to the operation of an account kept with a financial institution for investment / trading purposes.

You are authorising a third party to operate and maintain an account. The persons who can monitor the account are outlined in the Table of Authorised Persons and you hereby authorize the person(s) as described in the Table of Authorized Persons (who is not an employee of the Company) hereunder (“the Authorized Person”) to give oral, telephone or written instructions relating to dealing in securities, and sign any documents relative thereto, including but not limited to any purchases, sales, holding, settlement, transfer, deposit or withdrawal of moneys (collectively the “Transaction”) for and on my/our behalf in relation to the Account with effect from.

The document states that the Authorised Person has full authority to act on your behalf and any instructions are binding. Additionally, the Client agrees to be fully liable for any acts or omissions of the Authorised Person and to keep you fully indemnified against all losses and the authorisation is valid until written notice is provided to revoke the undertaking.

Document Type:

Deed /poa / authorisation / agency / escrow

Category:

Business > Banking and Finance > Banking / Account Opening Form

 
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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.