CLIENT QUESTIONNAIRE FOR CORPORATE CLIENTS

Transcription

1 CLIENT QUESTIONNAIRE FOR CORPORATE CLIENTS AS IBS Renesource Capital Registration No License no /118.2 duntes street 15A, 6th floor, riga, Latvia, LV-1005 Before completing the questionnaire, please make sure you have read and understood all information regarding your financial instruments account (FI Account) with AS IBS Renesource Capital (hereinafter the Company), including the Contract on rendering services on the financial and capital market (General business terms) and risk disclosure statement. For any questions related to the completion of this form or required documents, please contact us by or please visit In accordance with Article 124 of the Financial Instruments Market Law, AS IBS Renesource Capital has to classify all its clients into three categories: Retail Client, Professional Client and Eligible counterparty. The purpose of the Client questionnaire is to obtain additional information in order to evaluate suitability of services and products for you as the Client of the Company ensuring for your additional protection. The following sections of the questionnaire must be filled out in order to determine the status of the client, as well as to assess the suitability of investment services and ancillary (non-core) investment services requested by you to your interests. In case of incomplete or incorrectly filled out of the Client questionnaire, the Company will not be able to evaluate suitability of services and products for you. Please complete all information as accurately as possible using clear, capital letters. CLIENT DETAILS ALL FIELDS ARE MANDATORY! Company s name/ Legal name Company Details Corporate registration No. Legal and Organizational Structure Private Limited Company Public Limited Company Other (Please, specify) Company registration date Country of Incorporation If the Client is a subsidiary company, please specify the parent Company s name, legal and organisational structure Private Limited Company Public Limited Company (Please, provide name) If the Client or it s parent company is a public company, please specify, through which stock exchange securities are publicly traded TYPE OF ACTIVITY Credit institution Investment brokerage firm Insurer Investment fund and investment management company Pension fund Commodity dealer Other licensed or regulated financial institution Undertaking that make transactions for their own account on the markets of options, futures or financial derivatives or of underlying assets of derivative contracts for the sole purpose of hedging positions on financial derivatives markets or that make transactions for the account of other members of those markets or make prices for them and which are guaranteed by clearing members of the same markets, where responsibility for ensuring the performance of contracts entered into by such undertakings is assumed by clearing members of the same markets Other commercial companies whose main business is investment in financial instruments and that perform such investments on a large scale Other legal entity Whether the Client is regulated entity having financial market participant license? (Please, specify Regulatory Authority name, jurisdiction, registered No. at Regulator) 1

2 Sector of economic activity (according to the international classifier NACE) Performing arts, sports, entertainment and recreation Finance and insurance Manufacturing Information and telecommunication Education Construction Activities of households Transport, storage, postal and courier activities Administrative and support service activities Electricity, gas, stream and air conditioning supply Mining and quarrying Real estate Professional, scientific and technical activities Accommodation and food services Water supply, sewerage, waste management Health and social care Agriculture, forestry and fishing Car and motorcycle wholesale, retail trade and repair Other services Description of business activity (please specify company's core business types, structure etc.) The main business partners of the Client / its geographical location ADDRESS Legal/ Registered address (Street, house No, town/city, country, postal/zip code) Actual address (Street, house No, town/city, country, postal/zip code) Address for correspondence (If different from registered address specified above) CONTACT DETAILS Authorised person s full name (as shown on passport / ID) Position Mobile phone number (Prefix included, country code, phone number) Secondary phone number (Prefix included, country code, phone number) (required) Please select the way of communication Telephone/ SMS AUTHORITY AND AUTHORISED PERSONS Members of the management board/ director(-s) (name, surname, date of birth, place of birth, passport series and number, issuing authority, country) Representative (-s) on the basis of power of attorney (authorized person(-s) / signatory (-ies), proctor, director, dealer, Backoffice etc.), (name, surname, date of birth, passport series and number, issuing authority, country) Power of attorney the right to represent the management (date of issue, date of expiry, signing authority sole, point, A signatory/ B signatory prescribed restrictions for carrying out transactions and responsibilities out of Contract) 2

3 EDUCATION OF PERSON /-S (SIGNATORY/-IES) AUTHORISED TO CARRYING TRANSACTIONS WITH FI Full name (as shown on passport / ID) Education Primary Professional Doctorate Secondary Bachelor degree or similar education Specialized Secondary Master degree or similar education Specialisation Mathematics Accounting and audit Business management Law Finance management Economics Other BENEFICIAL OWNER According to requirements of the Law On the Prevention of Money Laundering and Terrorism Financing the Company is obliged to identify and verify the ultimate beneficial owner of the Client legal person. Therefore, please indicate and provide correct and detailed information on the legal entity ownership structure. Beneficial owner are individuals: 1. who owns or directly or indirectly controls at least 25% of the share capital or voting rights of a merchant or exercises other control over the merchant s operation; 2. who, directly or indirectly, is entitled to the property or exercises a direct or an indirect control over at least 25% of a legal arrangement other than a merchant. In the case of a foundation, a beneficial owner shall be a person or a group of persons for whose benefit the foundation has been set up. In the case of political parties, societies and cooperative societies, a beneficial owner shall be the respective political party, society or cooperative society; a. for whose benefit or in whose interest a business relationship is established; b. for whose benefit or in whose interest a separate transaction is made without establishing business relationship (within the meaning of the Law of the Republic of Latvia on the Prevention of Laundering the Proceeds from Criminal Activity (Money Laundering) and of Terrorist Financing. The Company is required to ensure a complete identity and address verification for each individual declared as a beneficial owner, incl. name, surname, date of birth (personal identification number, for residents of Latvia), Passport / ID cards details: number, issuer, country. INFORMATION REGARDING POLITICALLY EXPOSED PERSONS Hereby I confirm, that beneficiary owner, member (-s) of the management board/ managing director (-s)/authorised person (-s)/ signatory (-ies) and members of their families and close associates Are politically exposed persons 1 (Please specify) Are not politically exposed persons Name, surname, country, name of the authority, position REPRESENTATIONS ON CLIENT S FI ACCOUNTS (MARK AS APPROPRIATE) I hereby acknowledge that I am and will remain the owner of the financial instruments in my financial instruments account. 1 Politically exposed persons (PEP) definition: Politically exposed person a person who in the Republic of Latvia or in another country holds a significant public position, namely, a senior official of the government, the head of state administrative unit (self-government), the head of the Board, the Minister (the Deputy of the Minister, the Deputy of the Deputy of the Minister), the State Secretary or another senior official of the state or self-government, a member of a parliament or of a similar legal structure, a member of the governance structure (board) of a political party, a judge of the constitutional or supreme court or a court of another level (a member of the judicial institution), a member of the Board or the Board of supreme Audit institution, member of the management board of the central bank, the Ambassador, the plenipotentiary clerk, the chief of the armed forces, the member of the board or the board of the state capital of the company, the head (director, deputy director) and member of the board of an international organization, or a person holding in this company an equivalent position. A family member of a politically exposed person husband/wife or a person equated to a spouse (for countries where such status is defined by law), politically exposed person s child or his/her spouse, or a person equated to the spouse, parents, grandparents, grandchildren, brothers and sisters. A person who is closely associated with a politically exposed person a physical person who has transactions or other close relationship with a politically exposed person, or who is a shareholder or member in the same commercial company with a politically exposed person, as well as physical person who is the owner of such legal entity, which is actually set up in favour of a politically exposed person. 3

4 The financial instruments account will be nominal account (in sense with the Financial Instruments Market Law of the Republic of Latvia). TAX RESIDENCE Please complete the following table indicating the countries, where you are tax reliable, your Tax Identification Number (TIN) for each country indicated. You can find out more, including a list of jurisdictions that have signed agreements to automatically exchange information, along with details about the information being requested, on the OECD web page: Common Reporting Standard - Standard for Automatic Exchange of Financial Account Information in Tax Matters - OECD ilibrary Which country resident are you for a tax purposes: Your Tax Identification Number (TIN) FATCA requirements will be enforced under the FATCA 12 intergovernmental agreement (IGA) between the Government of the United States of America and the Government of the Republic of Latvia. Latvian financial institutions will report information about accounts held by U.S. taxpayers to Latvia`s National Revenue Service (VID) for subsequent processing, protection of personal data and further delivery to U.S. tax authorities. FATCA requires financial institutions throughout the world to identify accounts held directly or indirectly by U.S. persons and report the relevant information to IRS, which is the U.S. tax authority. Is Customer a US taxpayer? (Please, specify TIN number and complete form W-9) Does Customer have a business unit, representation office, etc. in United States? (Please, specify TIN number and legal address of business unit) Mark if customer (only US registered companies) is: a non-profit organization a tax exempt organization according to US tax legislation Is a US registered company among Customer shareholders/ funders (shareholding 25% and more)? (Please, specify name, TIN number, legal address, shareholding %) Do you have correspondent address (postal address (also P.O. Box), temporary/ additional address, in-care-of and hold mail ) in the US? Do you have a telephone number registered in the USA? Have you issued a valid power of attorney or delegated signature authority to any person with an address on the USA territory? (Please, specify the document type, purpose and expiry date) U.S. (TIN) Taxpayer Identification Number: U.S. (GIIN) Global Intermediary Identification Number: Is your company a value added tax (VAT) payer? Please provide your company`s VAT number: (Obligatory for companies registered in the EU, ) CLIENT CLASSIFICATION To classify you correctly, please complete the following the following part of questionnaire to determine your trading experience and knowledge appropriateness to the investment services intended to trade in client application form: Are you included in the list of the holders of the internal information of an issuer whose financial instruments are traded on a regulated market? 2 The United States and the Latvian Government have signed Foreign Account Tax Compliance Act (FATCA) which aims to prevent US tax resident tax evasion through financial transactions with foreign banks / financial institutions. In compliance with FATCA, "Renesource Capital" IBS as a licensed and regulated financial institution has been obliged to identify clients - US tax residents, to document all the clients' financial instruments accounts belonging to the US tax residents, to document all the transactions with financial instruments and to report to the US Revenue Service (IRS) through the Latvian State Revenue Service. For more detailed information please see the US Revenue Service website.: 4

5 (Please specify the issuer, company name) Have you been classified as a Professional client in any country within EU or EEA? (Please specify the country and institution which granted the status of Professional client, date of granting the status) Do you have LEI (Legal Entity Identifier) 2 (Please specify) Value of your personal financial instrument portfolio (incl. cash deposits, financial instruments, (incl. equities, bonds, units in collective investment schemes/ funds, etc.), (EUR) Less than What is significant size 4 of transaction on the relevant market 5 in your opinion, (EUR) I`m, as customer, have carried out transactions, in significant size, on the relevant market (-s), at an average frequency of 10 per quarter over the previous 4 quarters? TRADING EXPERIENCE AND KNOWLEDGE IN FINANCIAL INSTRUMENTS OPERATIONS Have you previously conducted transactions with financial instruments (shares, exchange traded funds, bonds, derivatives, Investment certificates etc.), in foreign exchange (FOREX margin trading) and / or placed assets under management? (Please proceed to the section Financial Information ) (Please indicate your trading experience in the table below) 6 Do you understand the essentials and concepts of financial markets and financial instruments? (Please proceed to the section Financial Information ) (Please answer on the following questions below) TRADING EXPERIENCE AND KNOWLEDGE IN FINANCIAL INSTRUMENTS OPERATIONS Type of financial instruments, size and frequency of transactions in financial instruments Type of financial instrument Equities/Shares/ETF-s Bonds (Fixed income securities) Investment funds (investment certificates) Derivatives (futures, futures on options, contracts for difference (CFD s) Margin trading on Foreign Exchange (Forex) Concepts and understanding of financial instrument transactions Trading experience (years) ne ne ne ne ne Average number of trades (per year) Average trading volume of transaction, (EUR) > All legal entities (companies) registered in the EU or the EEA and conducting transactions in complex financial instruments, regardless of transactions volumes, have to acquire the Legal Entity Identifier (LEI), the international identification code that identifies every legal entity (a company) participating in transactions in complex financial instruments. 4 Significant size of transaction would be the equivalent of a nominal principal amount of approximately EUR. This value would reflect the initial margin, deposit or price of an individual lot, transaction, commodity or financial instrument. 5 Relevant market is dealing with financial instruments comparable to those in which you intend to trade with AS IBS Renesource Capital. 6 If you do not have experience in any financial instrument transactions mentioned in this table of client questionnaire or in any type of transactions, you have to testify that you do not have such experience, thus there is no need to indicate other information about this particular financial instrument (Average number of trades, average trading volume). 5

6 Derivatives (Swap, Forward, currency NDF) Interest Rate Swaps (IRS) Other financial instruments (Please specify) ne ne ne > ASSET MANAGEMENT Have you ever used asset management services (trust)? Concepts and understanding of asset management Experience (years) Investment strategy Value of assets under management (trust), (EUR) Conservative Balanced Aggressive > FINANCING AGAINST FINANCIAL INSTRUMENTS Have you ever used financing (borrowed funds, broker loan) for financial instrument transactions? Concepts and understanding of financing, broker loan against financial instrument portfolio REPO transactions Financing (broker loan) secured by financial instruments pledge Trading experience (years) ne Trading experience (years) ne Average number of trades (per year) Average volume of financing (broker loan), (EUR) (Please, answer below) Average trading volume of transaction, (EUR) FINANCIAL INFORMATION In order to comply with FATF and EU regulations on Anti Money Laundering, all credit institutions and investment brokerage companies must obtain information about the purpose and scope of the client business. Shareholders equity, (EUR) Less than > Net turnover, (EUR per year) Less than > Net worth/ Balance sheet value, (EUR) Less than > What is your planned investment volume with Renesource Capital (EUR) quarterly? (Funds which the client intends to transfer its financial instruments account of AS IBS Renesource Capital transactions or financial instruments (shares, bonds), which the client intends to transfer from another account holder and latter has been revalued at market prices or normal illiquid financial instruments) > Anticipated average monthly turnover per month, (EUR) Less than >

7 Your primary income (Please, specify) INFORMATION ON INVESTMENT STRATEGY Term of your investments: Day trading Short-term investments (Less than a year) Long-term investments (More than a year) Investment strategy 5 Conservative (The main objective is preservation of the invested capital) Balanced (Gaining of bigger profit, accepting higher risk) Speculative (Gaining of big profit, accepting high risk) Purpose of the investment: Speculation Hedging (Please, specify the type of financial instrument) Other (Please, specify your purpose for applying for FI account) LANGUAGE AND INTERNET ACCESS The Company has no obligation to translate the documents, policies and internal procedures as well as other notifications, governing and regulating activities of the Company and making them public into other languages. AS IBS Renesource Capital can do it on a goodwill basis or in some cases, when requested by the Client, at the Client s expense. The Company provides investment services and non-core investment services to European and international customers, thus providing multilingual customer support in English, Russian and Latvian languages. The basic language in use is Latvian. Preferred language of communication using investment services (several can be chosen): Latvian English Russian Do you have an access to the Internet? CONFIRMATIONS AND STATEMENTS The Company will send financial instrument transaction confirmations / financial instrument account statements via address if different from that provided in Section Contact details Frequency/ Periodicity Upon request Next business day (if client has open positions and / or unsettled transactions funding, withdrawals, assets under custody, fund distribution, securities and money transfers) PAYMENT INSTRUCTIONS AND BANKING INFORMATION Customer financial instruments accounts can be supplemented by funds from their checking account of any licensed and regulated bank or payment institution. Company informs that the payment / transfer execution speed is more favourable for European single currency EUR payments. The company has developed a broad and effective partner and correspondent-banking network that guarantees the payment / transfer accuracy and fast execution. The fastest and the most convenient and safest way to transfer and trade in the necessary amount for your financial instruments account is by using the classic online banking payment. Please be advised that the company accepts payments and financial transfers as well as execute financial instruments transfer orders (credit and debit financial instruments account only to/from banks of (credit institutionals)), whom requirements of legal in Money laundering and financing terrorism prevention field are equivalents or higher than EU (included regulated banks and financial intermediaries in FATF and Moneyval group of Member States). Please provide details of the Bank account that you will use to make and receive payments in connection with the trading activities on your financial instrument account. Please note that we intend to use these details for all future payments that you may request. Should you wish to change your payment instructions and banking information, we will need 48 hours prior notice to implement the change. All such changes must be in writing and signed by the authorised person (-s)/ signatory(-ies). Your nominated Bank account must be in the same name as your financial instrument account with AS IBS Renesource Capital. Please note, that we cannot make payments to nor receive payments from third parties. Received payments from a third party payment will not be accepted and will be returned to the sender deducting fee in accordance with the Company price list. Third party is the non identified individual person or corporate, whom does not open financial instruments account at AS IBS Renesource Capital. The third party is not considered, which is identified and whom is open financial instrument account at AS IBS Renesource Capital. The company can accept orders on internal money /financial instruments transfers between different Company financial instruments accounts owner (example, transfers of funds between different individual persons or individual persons and corporate) or funds, financial instruments (stocks, bonds, investment funds) transferring in another clients account (the 5 You should be aware - big profit equals high risk. 7

8 banks and/or the depositary transfers), in additionally provide information to the Company with transaction justification. The Company have the right to request additional information about transfer funds or financial instruments transaction justification and reserves the right to refuse to perform any client transfer/financial instruments funds external and internal to other Company client. The customer is entitled to replenish your account by direct transfer from your investment account in another bank or brokerage company (in the form of funds) submitting a relevant order at AS IBS Renesource Capital indicating banks/brokerage company from which will be made a transfer or financial transfer Brokerage or depository account transfer. The Company may only accept the transfer in accordance with the licensed and regulated banks/brokers perform transfers. Client investment/financial instruments account name must be match with the client s financial instruments account what are indicated in the Company. The Company does not process internal and external transfer funds or financial instruments transferring to another client financial instruments account to client who is opening financial instrument account online. Please be advised that the Company does not accept transfers of funds or financial instruments before the Company has not completed client s investigation, and sent a client confirmation of account opening. Funds and financial instruments which will be transferred before financial instrument account opening and client acceptance will be returned to sender deducting a fee according to the price list of Company. Bank name: Bank address (City,Country): Bank account or IBAN: Account holder`s name: SWIFT code: BIC: Bank name: Bank address (City,Country) Bank account or IBAN: Account holder`s name: SWIFT code: BIC: When your financial instrument account is opened, you will be provided with Unique Client Code (UCC). AS IBS Renesource Capital will provide a settlement instructions for payments that you will use for funding/ crediting your financial instrument account. Please indicate your UCC and financial instrument account number in payment instructions. Please note that banks usually charge transfer fees and that the bank charges for the money transfer to / from your FI accounts will be deducted from your account. Please refer to the Company's bank commission s price list of the Company's website Please make sure, that Bank account owner's name, indicated in the section "Bank details and payment information" of the Client Questionnaire coincides with the name of owner of FI Account opened in the Company. The Company does not accept cash payments, as well as cash equivalents (money orders, traveler s checks, cashier s checks etc.). Please note that Latvian and other country national holidays can affect currency payment transfer time. If within 3 business days money transfer is not credited to your financial instruments account, please contact Us by calling , or by e- mail: newaccounts@renesource.com or contacting us on Skype: renesource.capital THE SPECIMEN SIGNATURE / SEAL IMPRINT This section contains the specimen signatures and stamp imprint used by companies accepting the documents submitted by the customer in accordance with the Business Terms. Client signatory of persons sign the amount will be determined based on the documents received from the Client. Name, surname Position Signature 8

9 Stamp * (The Company has no obligation to take into consideration colour of seal impress) *stamp use in Company is not mandatory, but if it is the imprint of the questionnaire, the Customer must continue to always use the stamp on all documents. SIGNATURE OF THE AUTHORIZED PERSON / SIGNATORY Hereby I confirm that the information provided in Client Questionnaire is accurate and true, and I undertake immediately to inform the Company in the event of any changes in the aforementioned information. Full name (as shown on passport/ ID Signature / Seal Date Place The information provided in this Client questionnaire is strictly confidential and will not be revealed by AS IBS Renesource Capital to any third person, with the exception of the persons authorized with the right of access to such information pursuant to Law or other legislation. According to the Financial Instruments Market Law Article 131, the Company guarantees the security of Client accounts, personal details, funds and transactions performed. 9

10 HOW DID YOU FIND OUT ABOUT US (OPTIONAL) Renesource Capital home page Special conference / seminar / presentation Internet advertisement Media advertisement Search engine (Google, Yahoo) From Introducing Agent Recommendations from Renesource Capital employee Recommendations from existing Client Other (Please, specify) Do you wish to receive Renesource Capital analytical reviews on a daily basis through ? (Please, specify) (Please specify address if different from that provided in Section Address and contact details ) What is the reason of financial instruments account opening in Latvia? Stable Financial system Opportunity of international customer service Customer support (business hours) Business partners in Latvia Confidentiality Guarantees of investments Stable Political and Law environment Convenient communication language Individual service Broad range of investment services Other (Please, specify) Full name, as shown on passport / ID, (Client/ Authorized person of Client/Representative person of Client) Signature/ Seal Date Place Please return your completed Client questionnaire to: AS IBS Renesource Capital, Duntes street 15A, 6 th floor, Riga, LV 1005, Latvia. For fast processing please, return the completed forms with the accompanying documentation directly to AS IBS Renesource Capital by . Scan the form together with documentation and to: trading@renesource.eu Please note that if you have selected the fast processing procedure for FI account opening by sending the necessary scanned documents to the Company's , you still need to submit the original documents within 7 days. 10