Brokerage / Securities Trading Client Agreement

The document titled 'Brokerage / Securities Trading Client Agreement' is a legally binding agreement between the account job company and the client. It outlines the terms and conditions under which the company will act as the client's agent or broker for the execution of orders for the purchase or sale of securities. The agreement covers various aspects such as the account opening process, laws and regulations governing the transactions, the role of the company as an agent, fees and charges, settlement procedures, applications for new listed securities, order and order recording, safekeeping of securities, moneys in the account, set-off and lien, discretionary account, termination, notices, amendments, liability and indemnity, personal data privacy, risk disclosure, interpretation, and jurisdiction.

 

In the account opening process, the client confirms the accuracy of the information provided and authorizes the company to conduct credit enquiries. The company is obligated to keep the account information confidential but may disclose it to regulatory authorities if required. All transactions in securities will be conducted in accordance with applicable laws, rules, and regulatory directions. The client acknowledges that the company may act as an agent or principal depending on the transaction. The client is responsible for paying fees, commissions, charges, and disbursements incurred by the company, as well as applicable levies, trading fees, clearing fees, and stamp duties. The client must ensure timely payment or delivery of funds or securities for settlement, and failure to do so may result in the company selling or borrowing securities to settle the transaction. The agreement also covers applications for new listed securities, including the client's authorization for the company to apply on their behalf and the client's obligations and indemnity in relation to such applications. The agreement further addresses order and order recording, client identity and ultimate beneficiary disclosure, safekeeping of securities, moneys in the account, set-off and lien, discretionary account, termination, notices, amendments, liability and indemnity, personal data privacy, risk disclosure, interpretation, and jurisdiction.

 

Overall, this agreement establishes the rights and responsibilities of both parties and ensures compliance with legal and regulatory requirements in securities trading.

How to use this document?

To use the 'Brokerage / Securities Trading Client Agreement' effectively, follow these steps:

1. Provide accurate and complete information: Fill out the account opening form with all the required details and ensure its accuracy. Inform the company of any material changes to the provided information.

2. Comply with laws and regulations: Understand and comply with all laws, rules, and regulatory directions applicable to securities trading. Familiarize yourself with the rules of the exchange and the clearing house.

3. Give clear instructions: Provide instructions for each transaction clearly, either by telephone, facsimile, or in writing. Ensure that your instructions are time-stamped and properly recorded.

4. Pay fees and charges: Be aware of the fees, commissions, charges, and disbursements incurred by the company for each transaction. Pay these fees promptly to avoid any delays or complications.

5. Settle transactions on time: Ensure timely payment or delivery of funds or securities for settlement. If you fail to do so, the company may sell or borrow securities to settle the transaction, and you will be responsible for any losses or expenses resulting from settlement failures.

6. Apply for new listed securities: If you wish to subscribe for an issue of new listed securities, inform the company and provide all necessary details. Read the prospectus relating to the securities and ensure your eligibility and compliance with the stated conditions.

7. Review and confirm instructions: Carefully review all contract notes, daily statements, execution reports, and monthly statements of the account. If you notice any anomalies or mistakes, notify the company in writing within the specified time.

8. Maintain confidentiality: Keep all matters relating to the account confidential. However, authorize the company to provide information to regulatory authorities if required.

9. Understand the risks: Acknowledge the risks involved in securities trading, including price fluctuations, potential losses, and the importance of promptly reviewing account statements.

10. Comply with termination procedures: If you wish to close the account, provide written notice to the company. Ensure that all outstanding obligations are settled before termination.

11. Stay updated: Inform the company of any material changes in your account opening form, and stay informed about any changes in the company's corporate particulars, services, or business that may affect your account.

12. Seek legal advice if needed: If you have any doubts or concerns about the agreement or securities trading, consult with a legal professional for guidance.

By following these steps, you can effectively use the 'Brokerage / Securities Trading Client Agreement' and ensure a smooth and compliant securities trading experience.