Authorisation Letter to Financial Institution

Operating of Discretionary Account

No. of Prokens Required: 1 |

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Description:

Authorisation given to a company / employee in relation to the operation of a discretionary account kept with a financial institution for investment / trading purposes.

I/we hereby specifically requested the opening and maintaining of a Discretionary Account with you. I/we have authorised and designated you or your employee _______________________ to effect Transaction in securities dealing for me/us on terms of the Client Agreement at your absolute discretion and at my/our risk. The discretionary authority granted to you or your designated employee will be restricted to trade execution only. Your Settlement Team will contact me/us directly for settlement of transactions.

 

How to use this Document?

The document is for the authorization given to a company / employee to the operation of a discretionary account kept with a financial institution for investment / trading purposes.
The document should be signed by the client, witness and employee.

 

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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.