Baltic Exchange Derivatives Trading Limited. Baltex Membership Application Form (Broker)

Transcription

1 Baltic Exchange Derivatives Trading Limited Baltex Membership Application Form (Broker) This application form is to be used by an entity applying to become a broker member (Broker) of the multilateral trading facility (Baltex) operated by BEDT. Note that capitalised terms used in this Membership Application Form that are not otherwise defined have the meanings set out in the Trading Rules (the Rules). A copy of the Rules is available from BEDT. Please contact the Baltex team on +44 (0) or [email protected] if you have any questions about completing this application form. Once completed, please return it together with supporting documentation to: The Chief Operating Officer Baltic Exchange Derivatives Trading Limited 38 St Mary Axe London EC3A 8BH Section 1 Applicant Details Name of legal entity making the application Trading name(s) used by the Applicant Jurisdiction of incorporation / registration Registered address Type of legal entity Registered number (if applicable) Website address Please provide: (i) a copy of the Applicant s latest audited accounts or a web-link to latest audited accounts; and (ii) a group organisation chart. s and addresses of all offices from which the Applicant may access Baltex. 1

2 Section 2 Key Contacts Primary contact at the Applicant responsible for handling this Application Position at the Applicant Information technology contact Legal / Compliance / Money Laundering Reporting Officer contact Operations / Administration contact Section 3 Eligibility Criteria Is the Applicant authorised and regulated by the FCA or by an overseas regulatory body? Name of regulator Does the Applicant consider itself to be fit and proper and have a sufficient level of trading ability and competence? Does the Applicant have sufficient resources for the role it is to perform in respect of Baltex? 2

3 Does the Applicant have adequate trade execution, recording and settlement procedures and systems? Does the Applicant have sufficient staff with adequate knowledge, experience, training and competence? Section 4 Baltic and Other Memberships Is the Applicant a member of the Baltic or a subsidiary of another body corporate which is a member of the Baltic? Is the Applicant a member of any other trading venue(s)? If yes, please list name(s) of trading venue(s): Section 5 Compliance In respect of the Applicant s proposed Baltex Users, please confirm: whether each is registered as an approved person with the FCA or an overseas regulatory authority; that each is fit and proper; that each has an adequate understanding of the freight derivatives market and the risks involved in respect of trading Freight Derivatives; that each will undergo training in the use of Baltex and will be familiar with the Baltex User Manual and the Rules; and that all new Baltex Users of the Applicant will undergo training in the use of Baltex and will be made aware of the Rules and the Baltex User Manual and will be required to comply with their provisions. Systems and controls: disorderly trading 3

4 Please confirm that the Applicant has in place appropriate measures to prevent disorderly trading. Systems and controls: anti-money laundering Please confirm that the Applicant has in place appropriate measures to prevent it from being used as a vehicle for money laundering. Client acceptance procedures Please confirm that the Applicant has appropriate systems and controls in place for the take on of clients and subsequent monitoring of their activities for the purposes of preventing disorderly trading and ensuring that the Applicant is not used as a vehicle for money laundering. 4

5 Section 6 Account and Billing Details Legal entity name VAT registration number Contact for account and billing purposes Position at the Applicant Direct telephone number Mobile number (optional) * Please see the Fees Schedule and Rules for guidance on fees. 5

6 Schedule 1 Baltex User Schedule The persons named below are Baltex Users for the purposes of the Rules. Once granted access to Baltex the Member must inform BEDT of any changes to this list by submitting an updated copy of the list, signed by an authorised signatory, to BEDT in accordance with the Rules. The amended list should indicate whether the named individuals are being added to or removed from the list of Baltex Users. Name Department and position Authorisation level Contact details: tel/ /i.m. Add / remove Note: The authorisation levels operated by BEDT are as follows: A: Indicates that the individual is permitted to enter, delete or amend Orders using his or her own User I.D B: Indicates that the individual is a Head Trader who may delete or amend any Order placed using the User I.D.s assigned to the Member on whose behalf the Head Trader acts. 6

7 Schedule 2 Declaration I confirm that the Applicant named in Section 1 of this Membership Application Form is applying to become a Member of Baltex and that it authorises BEDT to pass information to any relevant regulatory authority that is necessary for the consideration of this Application. I confirm that the information provided in and attached to this Membership Application Form is accurate and complete to the best of my knowledge and that the Applicant will notify BEDT in accordance with the Rules in respect of any changes to this information once the Application has been submitted. If approved as a Member, the Applicant agrees to be bound by the Rules and the Membership Agreement and to ensure compliance with the Baltex User Manual, in each case as such document may be amended from time to time. Print name Signed Position at the Applicant For and on behalf of the Applicant (insert full legal entity name) Dated 7