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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