APEX CLEARING CORPORATION CUSTOMER SUB ACCOUNT AGREEMENT

Transcription

1 APEX CLEARING CORPORATION CUSTOMER SUB ACCOUNT AGREEMENT Add Sub Close Sub Full Name of Master & Sub Account Sub Account Number (Must be the same as on the Customer New MASTER SUB Account Approval Form) Apex Clearing Corporation (together with its affiliates, Apex ) and above-named customer ( Customer ) have executed a Customer New M AST ER SUB Account Approval Form (as amended or supplemented from time to time, the New MASTER SUB Account Approval Form ) together with certain other customer account agreements including, without limitation, a Margin and Short Accou nt Agreement (collectively, as amended or supplemented from time to time, the Customer Agreements ). This Customer SU B Account Agreement (this SUB Account Agreement ) supplements, and is subject to, the terms of the New MASTER SUB Account Approval Form and other Customer Agreements. Capitalized terms defined in the New M ASTER SUB Account Approval Form shall have the same meaning in this Customer SUB Account Agreement (unless otherwise defined herein). The Customer hereby requests Apex to establish a SUB Account in the name of the Customer s MASTER Account. Such SUB Account will be designated in numerical order with the MASTER Account name as shown above and any existing SUB Accounts. In addition, each SUB Account will have a separate Apex SUB Account number designated by Apex. Apex will assign the SUB Account numbers. Customer acknowledges and agrees that the SUB Accounts established pursuant to this Customer SUB Account Agreement are subject to, and governed by, the terms of the New MASTER SUB Account Approval Form. Customer hereby reaffirms and repeats all representations, warranties and covenants in the New MASTER SUB Account Approval Form both in respect of the SUB Accounts established pursuant to this Customer SUB Account Agreement and the MASTER Account and other SUB Accounts. For each Trader trading a SUB Account, please provide the required information below and a photo copy of a non-expired government issued identification card and OFAC verification results at account opening. Name of Trader: Master Account: Legal Address (No P O Box): Are you a U.S. Citizen? Yes / No Date of Birth: SSN, Fed ID, Cedula, NIT# Resident Alien? Yes / No Country of Birth: Non-Resident Alien? Yes / No Country Residing In: For use by entity accounts (i.e. Hedge Funds, Corporation, Partnerships) Individual or additional signatories Print Name & Title of Authorized Signer Print Name & Title of Authorized Signer Signature of Authorized Signer Dated Signature of Authorized Signer Dated For Broker Use Only Registered Representative (Print Name) Authorized Registered Principal (Print Name) Registered Representative (Signature) Date Authorized Registered Principal (Signature) Date By signing above the Authorized Registered Principal of the said Correspondent is affirming to Apex Clearing Corporation and it affiliates, that (1) the Correspondent has signed and delivered a Correspondent Attestation for MASTER SUB Account Relationship (the Correspondent Attestation ) and (2) the Correspondent has established and operates the above account in accordance with the terms of the Correspondent Attestation PF10123-UMSA 08/14/2014 Page 1 of 5

2 Sub Account Questionnaire Correspondent "[Firm Name]" Customer Name Account Number Date Please provide a comprehensive answer for each question. A follow up call or may be required for an insufficient response. 1. Who is the beneficial owner of the Master Account? 2. What is the purpose of the Sub Accounts? 3. Are you an employee of the Firm? If not, what is your relationship with the Firm? PF10123-UMSA 08/14/2014 Page 2 of 5

3 4. Please identify all trading strategies that will be utilized in the Sub Accounts. If your strategy is not identified below please explain in the Other Strategy Section: Long / Short Strategies Event Driven Strategies Tactical Trading Strategies Relative Value Strategies Long / Short Equities Event Driven Global Macro Option Arbitrage Dedicated Short-Sellers Event Driven Multi-Strategy Managed Futures Statistical Arbitrage Equity Market Neutral Merger/Risk Arbitrage Equity / Long Convertible Arbitrage Equity Hedge Distressed Naked Option Writing Relative Value Arbitrage Bias Special Situation Long Short Bias Variable Bias Summary Bullets of Strategies: Other Strategy: a. Will this account be trading Complex Options (ie more than two legs)? If so, which type of Option Strategies (Condors, Butterflies, Credit or Debit Spreads, etc.)? PF10123-UMSA 08/14/2014 Page 3 of 5

4 5. Please describe the type of instruments you would trade in the Sub Accounts. (I.e. equities, options, leveraged ETF s or etc. Please list specific examples / symbols.) 6. Briefly describe your trading or margin background. Have you every traded at Apex before? 7. Do you carry overnight positions or trade flat at the end of the day? Are you concentrated in a few individual equity names or spread across various indexes? 8. Do you typically carry a margin debit balance? If so, what is the average debit amount? 9. How many equity or option trades do you execute on a monthly basis? What is the average size of those trades? PF10123-UMSA 08/14/2014 Page 4 of 5

5 10. How will you fund your Sub Account? 11. What is the liquidating equity of each Sub Account associated with the individual? 12. Do you employ any form of algorithmic, automated or blackbox trading? If so, please describe. 13. What trading platform(s) will be utilized? PF10123-UMSA 08/14/2014 Page 5 of 5