Application to Open an Account (Partnership)

Transcription

1 Application to Open an Account (Partnership) Partnership Information 01 Partnership Details Type of Partnership (choose one): 03 Financial Information Total annual income: General Partnership Limited Partnership Net worth (assets minus liabilities): Jurisdiction (State) of Partnership: Tax ID: Address (PO Box addresses are not acceptable): How much money does the Partnership intend to fund its account with?: 04 Bank Information Bank name: City: Bank address: State/Province: Zip/Postal Code: 02 Contact Numbers Telephone (office hours): Telephone (after office hours): address (mandatory): Your Knowledge and Experience State/Province: Country: Account Number: ABA Number: City: Zip/Postal code: Please complete the following section so we can assess the appropriateness of our services for the Partnership. Please note that we are required to make this assessment by law. 1. To what extent over the past 3 years has the Partnership traded the following? Shares and/or bonds Frequently Sometimes Rarely/never Exchange-traded derivatives (e.g. futures or options) Frequently Sometimes Rarely/never Forex and other OTC derivatives (e.g. spreads, forex, binaries) Frequently Sometimes Rarely/never 2. How has the Partnership mostly traded these products? Execution-only and/or Advisory Managed 3. Do the officer(s) of the Partnership who will be making the Partnership s trading decisions Yes No have particular experience or qualifications which would assist the Partnership s understanding of our services? If yes: Occupational experience: the officer(s) have a good knowledge of OTC, leveraged derivatives through working in the financial sector Qualifications: the officer(s) have a good knowledge of OTC, leveraged derivatives because of a relevant professional qualification and/or education 4. Please tick here if the Partnership s investment portfolio, including cash deposits and other financial instruments, Yes No is EUR 500,000 or more (or usd equivalent)

2 Your Knowledge and Experience (continued) 5. Does the Partnership have a relationship with a registered broker/dealer, Futures Commission Merchant, Introducing Broker, Yes No Futures or Securities Exchange, NFA or FINRA? (other than a normal trading agreement for the provision of trading services) If yes (please provide name and details): 6. Does the Partnership have a relationship with anyone else that would restrict its ability to legally trade Forex with us? Yes No If yes (please provide name and details): Your Account Currency What currency would you like your account denominated in? USD CAD GBP Euro Information about Partners For General Partnerships only: List the names of all Partners below along with their percentage of participation: (i) Name % (ii) Name % (iii) Name % (iv) Name % (v) Name % (vi) Name % Please add an additional page if there are more Partners. For Limited Partnerships only: List the name of the General Partner and state the percentage of the profits and losses of the account that such General Partner is entitled to: General Partner name Percentage of entitlement

3 Partner s Certificate I, Partner of, (Name) (Name of Company) a Limited/General * Partnership ( * delete that which is not applicable) organized under the laws of the State of (the Partnership ) DO HEREBY CERTIFY that the following resolutions were, or hereby are, duly adopted in accordance with the procedures set forth in the Bylaws of the Partnership and that said resolutions have not been amended, rescinded or revoked, and are in no way in conflict with any of the provisions of the governing Instruments of the Partnership, and I further certify that I am authorized to sign this certificate on behalf of the Partnership. It was resolved as follows: 1. That the Partnership has considered the risks and benefits of trading Forex and NADEX futures via IG Markets Inc (together called trading Contracts with IG ) and has determined that it is in the best interests of the Partnership to trade these Contracts with IG with the following terms and conditions. 2. That each of the following persons: (i) Name Position SSN Drivers License (ii) Name Position SSN Drivers License or each other person as the Partnership may designate and notify to IG in writing from time to time (collectively, the Authorized Traders ) be and hereby are authorized to trade in, purchase and sell the Contracts for the account and risk of this Partnership through and with IG and its successors. The authority hereby granted includes the power to do any and all of the following: to apply for, open and maintain one or more customer accounts at IG; to agree to buy and sell and to buy, sell (including sell short) the Contracts on margin; to deposit with and withdraw from the account or accounts maintained at IG cash, securities and any other property; to grant to IG a security interest in Partnership s Collateral (as defined in the IG Customer Agreement); to receive requests and demands for additional margin or Collateral, statements of account and other notices, demands and communications of all kinds; and to take such other actions in connection with the subject matter of these Resolutions as IG may require or request or such Authorized Traders may deem necessary or desirable. 3. That notices, statements and demands upon the Partnership by or from IG in connection with the Partnership s account(s) may be delivered by the means set out in the IG Customer Agreement to any of the Authorized Traders or to any other apparently authorized persons on behalf of the Partnership.

4 It was resolved as follows (continued): 4. That the Authorized Traders or any partner of the Partnership are authorized to execute and deliver to IG the IG Application Form (Partnership) (including all applicable addenda thereto), and all ancillary and other documents that may from time to time be required or requested by IG. 5. That any transactions of any description whatsoever previously entered into by the Partnership with or through IG be and are hereby ratified and approved. 6. That it is the intention of the Partnership to give the Authorized Traders the broadest possible power with respect to the account(s) of the Partnership, and the Partnership agrees to hold IG harmless against any and all liabilities, claims, losses, damages and expenses, including attorneys fees, that may arise directly or indirectly by reason of following any instruction, order, or direction given by any of the Authorized Traders. I further certify that there is no legal or other reason why the Partnership should not conduct this business. of Partner giving Partner s Certificate Print Name Note on Forex Trading THE FOREIGN CURRENCY TRADING YOU ARE ENTERING INTO IS NOT CONDUCTED ON AN EXCHANGE. IG MARKETS INC. IS ACTING AS A COUNTERPARTY IN THESE TRANSACTIONS AND AS A RESULT, OUR INTERESTS MAY BE IN CONFLICT WITH YOURS. By signing below, I acknowledge that I have received, read and understand the disclosure statements listed below and that I accept the risks of trading forex with IG Markets Inc.: Forex Risk Disclosure Statement Secondary Risk Disclosure: High Risk Investment Note on the Risks of Forex Trading Note on Futures Trading Trading in commodity interests is speculative, involves a high degree of risk and is appropriate only for persons who can assume risk of loss in excess of their margin deposit. By signing below I acknowledge that I have received, read and understand the disclosure statements listed below and that I accept the risks of using your trading system: Risk Disclosure Statement (Futures and Options Trades) Electronic Trading and Order Routing Systems Disclosure Statement Supplemental Disclosure for Nadex Fully Collateralized Contracts

5 General Declarations I hereby represent that the information provided by me on this application form is true and correct. I further represent that I will notify you of any material changes in writing. I acknowledge that the Customer Agreement is a legally binding contractual agreement. I acknowledge that I have received and carefully read the following documents and agree to be bound by every term and condition: General Disclosures (including NFA Basic System Disclosure, referral Disclosure) Supplemental Disclosure for Funding by Credit Card Privacy Notice Conflicts Policy Customer Agreement (comprising Master Agreement, Forex Agreement, Nadex Futures Agreement and Contract Details) Receiving Information About your Account Electronically (by Authorized Trader, or Partner) Agreement to Arbitration By signing below, I acknowledge on behalf of the Partnership that the Partnership has received, carefully read, understood and agrees to be bound by the Arbitration Agreement. I further acknowledge on behalf of the Partnership that any action arising out of or related to the Customer Agreement must be commenced within one year of occurrence giving rise to the cause of action. (by Authorized Trader, or Partner) Note: All of the above sections must be signed in order to open an account with us. Supporting Documentation The following supporting documentation must accompany the Partnership s completed Application Form: Copy of the Partnership Agreement Proof of address (recent bank statement or utility bill showing partnership s name and address) ID and Utility bill for each of the authorized traders WE ARE NOT ABLE TO OPEN AN ACCOUNT WITHOUT THIS SUPPORTING DOCUMENTATION IG Markets, Inc. 311 South Wacker Drive Suite 2650 Chicago, IL Reception: Customer Services: Fax: clientservices@igmarkets.com