ACCOUNT OPENING FORM

Size: px

Start display at page:

Download "ACCOUNT OPENING FORM"

Delilah Maxwell
8 years ago
Views:

1 Navara Securities (Pvt) Ltd. (Trading Member of the Colombo stock Exchange) Z"''Floor, BTL, 45/2, Braybrook Street, Colombo 02, Sri Lanka. General : /20 Fax : info(5)navarasecurities.lk Web : ACCOUNT OPENING FORM LOCAL FORIGNE INDIVIDUAL JOINT CDS NO : MAIN APPLICANT DETAILS TITLE MR MRS MISS DR REV LAST NAME INTIALS NAMES DENOTED BY INTIALS CONTACT NO'S DATE OF BIRTH (YYYY/MM/DD) NIC/PASSPORT NO STATEMENTS E_STATEMENT POST CONTRACT NOTES E MAIL POST SETTLEMENT PROCEEDS (SALES) NET-OFF CHEQUES TO BE POSTED TO BE CREDITED TO THE BELOW A/C RETAIN WITH THE BROKER INSTRUCTIONS TO THE ADVISOR BY PHONE BY FAX EMPLOYMENT DETAILS COMPANY NAME DESIGNATION NATURE OF BUSINESS CONTACT NUMBERS MAIN APPLICANT'S BANK DETAILS BANK BRANCH ACCOUNT NO ACCOUNT TYPE SWIFT CODE

2 INSTRUCTIONS TO THE ADVISOR NAME OF THE A/C HOLDER SIGNATURE DATE:. 1^^ JOINT APPLICANT MRS TITLE : MR MISS DR REV FULL NAME PERMANENT DATE OF BIRTH NATIONALITY NIC/PP NO CONTACT DETAILS TELEPHONE MOBIL FAX EMPLOYMENT NAME OF COMPANY OCCUPATION CONTACT DETAILS TELEPHONE FAX 2" JOINT APPLICANT TITLE : MR MRS MISS DR REV FULL NAME PERMANENT DATE OF BIRTH NATIONALITY NIC/PP NO CONTACT DETAILS TELEPHONE MOBIL FAX EMPLOYMENT NAME OF COMPANY OCCUPATION CONTACT DETAILS TELEPHONE FAX I /WE HAVE READ AND UNDERSTOOD THE INSTRUCTIONS I /WE HAVE GIVEN IN RESPECT OF SETTLEMENT OF SALES PROCEEDS INCLUDING STATEMENTS, CONTRACT NOTES AND INSTRUCTIONS TO ADVISORS, ON MY/OUR SHARE TRADING ACCOUNT ABOVE MAIN HOLDERS SIGNATURE l" JOINT HOLDERS SIGNATURE 2" JOINT HOLDERS SIGNATURE

TELEPHONE FAX EMAIL 2" JOINT APPLICANT TITLE : MR MRS MISS DR REV FULL NAME PERMANENT DATE OF BIRTH NATIONALITY NIC/PP NO CONTACT DETAILS TELEPHONE MOBIL FAX EMPLOYMENT NAME OF COMPANY OCCUPATION

3 DECLARATION AND AGREEMENT 1 (The Client) hereby appoints Navara Securities (Pvt) Ltd. (NWS), a stock broking firnn licensed by the Securities and Exchange Connmission of Sri Lanka (SEC) to facilitate securities transactions in terms of the Rules of the Colombo Stock Exchange (CSE) for and on behalf of the Client. 2. The Client specifically acknowledges that NWS accepts appointment as the Client's Broker on the terms and conditions set and herein and in reliance of the Client's undertaking that accurate information as relevant as at date has been fully disclosed to NWS and that any changes to the information provided herein or in the other documentation submitted in support of this Agreement (including CDS Form, KYC (Know Your Customer), will be promptly disclosed in writing to NWS. In the event of any inaccuracy or incompleteness or any changes which render the information provided to NWS incorrect; the Client hereby undertakes liability to indemnify NWS against any loss or damage suffered by NWS. 3. In consideration of such appointment NWS shall provide the Client with the following services: - (a) Execution of trades in Securities listed or traded on the CSE. (b) Investment advisory services (including research information) (c) Internet Trading Facilities. 4. Risk of Securities Trading The Client specifically acknowledges that this Declaration and Agreement is executed having received Notice of the risks inherent in buying and selling securities. The Client hereby confirms having understood that prices of securities fluctuate, sometimes drastically, that the price of a security may move up or down, and may even become valueless and further that it is likely that losses may be incurred rather than profits made as result of buying and selling securities. 5. The Client declares and undertakes that full and effectual legal title and beneficial ownership and interest in all Securities maintained in its CDS Account shall at all times be vested solely in the Client, and that such Securities shall not be subject to any interest nor subject to a pledge or charge or encumbrance in favor of any third party but shall be available to secure settlement due on any transaction carried out through the CSE. 6. The Client agrees that all transactions carried by NWS on its behalf shall be subject to due compliance with the Regulation of the Colombo Stock Exchange (CSE) and the Securities & Exchange Commission of Sri Lanka (SEC), as may be amended from time to time. 7. Instructions to buy and sell Securities may be given by the Client to NWS by electronic mail, facsimile or telephone in conformity with the contact details in the Schedule hereto, and shall be complied with subject to NWS satisfying itself the adequacy of fully paid Securities available in the CDS Account or the availability of funds as may be required to fulfill such instructions.

4 8. No instructions received by NWS from the Client subsequent to the execution of any transaction in conformity with instructions received by NWS, which couid have the effect of prejudicing the completion or finality of such transaction or the obligations which have accrued to the Client on account of such transactions, shall be considered valid nor be given effect to by NWS and the Client agrees and undertakes to be bound to fulfill its obligation of due settlement of the transaction as carried out. 9. In the event the Client fails to provide funds for the due settlement of any transaction carried out on its behalf in terms of this Declaration and Agreement, NWS is hereby irrevocably authorized to sell such Securities at such price as may be decided upon by NWS, and to settle any outstanding payable for settlement of such transaction, in terms of the Rules of the CSE. 10. Without prejudice to NWS's entitlement under Clause 8 above, NWS shall be entitled to charge interest up to a maximum of 0.1% per day, on the value of payments unsettled by the settlement date (T+3) which sum will be debited to the Client's account as per the provisions of CSE Rules. 11. NWS shall be liable to the Client under this Agreement only in the event of negligence or willful default of the terms of this Agreement or the Regulation of the CSE or SEC, and only to the extent they accrue as a direct consequence of such negligence or default. The Client agrees to indemnify NWS from any claim for damages or compensation arising on account of any other cause. 12. NWS shall not be liable on account of any loss caused to the client on account of any malfunction of the systems of the CSE or the CDS, or on account of any matter which is not directly under the control of NWS. 13. The Client undertakes timely and full payment for services facilitated in terms of this Declaration as specified in Part 1 to the Schedule hereto. 14. The Client acknowledges hereby having received notice that NWS may enable its personnel to receive a percentage earned from brokerage earned as an incentive. 15. The Client shall be entitled to periodical statements of transactions carried out which shall be dispatched by electronic mail to the Client, unless a written request is made for such Statement to be posted to the Client to a mailing address specified. The Client agrees that the content of such statements shall be deemed to be accepted by the Client as true and accurate unless NWS is informed otherwise in writing within a period of two weeks from the date of such Statement. 16. The Parties hereto agree that Schedule hereto shall form part of this Agreement and any variation to the terms agreed to the Agreement shall be valid only where accepted in writing under the hand of the Parties.

agrees and undertakes to be bound to fulfill its obligation of due settlement of the transaction as carried out. 9.

5 17. The Client hereby confirms that the paragraphs (01) to (16) including the risk disclosure statement above have been duly read over & understood by us prior to signing this declaration and undertaking. Client Name : Client Signature : Date : Documentation Executive Signature Date SCHEDULE PART ONE Transaction cost applicable for equity as given below. Equity - Transaction up to Rs.SOmiliion -1.12% see breakdown in Table Brokerage Fees % CSE Fees CDS Fees SEC Fees Share Transaction Levy 0.084% 0.024% 0.072% 0.300% Transactions over Rs.BOMiilion Minimum Brokerage ( Floor ) % CSE Fees % CDS Fees % SEC Fees % Share Transaction Levy % (Subject to a minimum brokerage of Rs.lO/- per contract and a minimum CDS Fees of Rs. 5/-)

Equity - Transaction up to Rs.SOmiliion -1.12% see breakdown in Table Brokerage Fees -0.640% CSE Fees CDS Fees SEC Fees Share Transaction Levy 0.084% 0.024% 0.072% 0.300% Transactions over Rs.

6 Intraday Trading With effect from 15 February 2006, the transaction fee due to the brol<er, CSE, CDS and SEC on intraday trades, where a client buys and sells or sells and buys the same security on the same day through the same broker will not be charged on one side of the transaction. Please note that Share Transaction Levy will be charged on both sides of the Transaction: In the event the total number of shares purchased does not equal the total number of shares sold, the transaction fees as detailed above will not be levied on the lower quantity of shares either purchased or sold. In the event the total quantity purchased is equal to the total quantity sold the transaction fees will not be levied from the sales transaction. The total purchases and sales of a client in the same security will be considered for purpose of determining the exemption of the Brokerage, CSE, CDS and SEC fees (transaction fee). The above fees and charges are subject to change, from time to time, as stipulated by the CSE or the SEC. Contact Details: 1. Client: PART TWO 2. NWS: FOR USE BY NWS ONLY I hereby confirm that to the best of my knowledge and belief the information given herein by the applicant is true and correct. I further confirm that to the best of my knowledge, the Clientjs financially stable to maintain a CDS account. I also confirm that I have explained the client risk disclosure statement (04) above and invited the client to read the risk disclosure statement, to ask questions and make independent advice. Investment Advisor Signature Date Approval Head of IT Signature Date Chief Financial Officer Signature Date Documentation Executive Signature Date Note: This form should be completed and retained by the Member Firm accordance with FlU regulations.

Please note that Share Transaction Levy will be charged on both sides of the Transaction: In the event the total number of shares purchased does not equal the total number of shares sold, the

Company Introductory Form

Company Introductory Form 1of 3 First Capital Equities ( Private) Limited No.347/1/1, Dr. Colvin R De Silva Mawatha, Colombo 02, Sri Lanka Tel: +94 11 2145000 Fax: +94 11 5736264 As a full member of the Colombo Stock Exchange,