Authorisation Letter to Financial Institution
Operating of Discretionary Account
This document is an Authorisation / Request form given by a company / entity to open a discretionary account with a financial institution for investment / trading purposes. It authorises the bank to open up a corporate account in which all the purchases, sales, holdings and other dealings in securities effect from time to time. It allows a broker to buy and sell security without the consent of the client for each trade.
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Document Description
This document is an Authorisation / Request form given by a company / entity to open a discretionary account with a financial institution for investment / trading purposes. It authorises the bank to open up a corporate account in which all the purchases, sales, holdings and other dealings in securities effect from time to time. It allows a broker to buy and sell security without the consent of the client for each trade.
How to use this Document?
This document should be carefully read by the client.
This document should be witnessed to be valid.
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