LETTER OF AUTHORISATION - AUTHORISED TRADING
BY THIRD PARTY
1. I, the undersigned write to notify you
that I have appointed _________________________________ [Passport/ ID
NO. _________________ residential address _______________________ TEL
No. _____________________ Mobile/Pager No. ____________________Email
address ______________________________ ] (hereinafter called my "Agent")
to act on my behalf to give buy or sell instructions of every type and
description including but not limited to futures, foreign exchanges,
metals, options and CFDs.
2. I ACKNOWLEDGE THAT PRIOR TO COMPLETING AND EXECUTING THIS LETTER
I HAVE READ AND UNDERSTOOD THE DISCLOSURE STATEMENT PRINTED BELOW.
3. I further declare and agree that:-
(a) my agent shall have power as my agent to act as fully and effectually
for the purpose(s) as I could do personally;
(b) all acts and matters previously done by my Agent in respect
of my account(s) opened and maintained with you are hereby deemed
ratified and confirmed; and
(c) notwithstanding the authorisation given to my Agent above, I
may still communicate instructions to you personally. However, in
the event of any inconsistency between instructions communicated by
my Agent and instructions communicated by me personally, you shall
have the absolute discretion (but shall not obliged) to act upon the
instructions communicated last in time and in your sole opinion considered
capable of being acted upon, and in so acting you shall not be liable
for any loss whatsoever and howsoever arising.
4. I further acknowledge that my appointment of my Agent is made by
me of my own free will and as a result of my own judgment and deliberations.
You shall accordingly be under no liability whatsoever in respect of
any loss or damage which I may suffer or incur as a result of the acts
or omissions of my Agent (including any acts involving dishonesty, criminal
breach of trust, theft or other criminal offences). I further agree
to be fully responsible for such acts or omissions of my Agent and shall
indemnify and hold you harmless from any and all claims, liabilities,
penalties, adverse consequences, losses, damages, costs or expenses
(including legal fees on a full indemnity basis) which you may incur,
be subjected to or suffer, arising out of , in relation to or in connection
with, your relying on or acting in accordance with acts and /or omissions
of my Agent within the scope of my Agent’s ostensible authority.
In this connection I also acknowledge that any and every instruction
given by my Agent for my account or to be attributed thereto shall be
deemed to be given in exercise or purported exercise of the authority
conferred hereunder and not in some other capacity. I also acknowledge
that you are not obliged to ascertain or enquire into the terms and
conditions on which my Agent was appointed, the context or circumstances
in which any decision was taken by my Agent, the soundness of such decision
or the purpose for which any of the decisions were taken.
5. The appointment of my Agent and authority conferred shall continue
until written notice of revocation by me is received by you. I undertake
to ratify and confirm all acts and things done by my Agent on my behalf
until your receipt of such notification.
6. I acknowledge that I have received a copy of the Risk Disclosure
and understand its contents. I am signing this letter of authorisation
after having reviewed the risks pointed out to me and am willing to
accept the same and I am signing this letter of authorisation voluntarily.
| Name of Customer
| Name of Account Executive
RISK DISCLOSURE STATEMENT
PLEASE DO NOT SIGN THIS LETTER OF AUTHORISATION IF YOU DO NOT FULLY
UNDERSTAND THE CONSEQUENCES OF SIGNING IT. This letter authorisation
is an IMPORTANT DOCUMENT. By signing it, you are authorising your Agent
to enter into trading transactions on your behalf. You should know that
your Agent will be acting as your agent. We will therefore not be responsible
for any acts or omissions of your Agent in respect of any acts and/or
things which may be done by him or her in exercise of authority you
have given by signing this letter. In particular, we will not be responsible
for any theft, misappropriation or other criminal, fradulent or negligent
acts of your Agent with respect to your share transactions.
Please also particularly note that in granting this discretionary trading
authority your Agent may effect trading transactions without reference