Common use of Account Opening Clause in Contracts

Account Opening. I. The Principal (not including OBU customers) shall complete and submit to the Bank an account opening application form for the Gold Investment Account (hereinafter referred to as "the Account"). All purchases/deposits, regular investments, buying price, back sales, withdrawals of physical gold, transfers or other related transactions under this account shall be processed against the original authorized seal on the specimen seal card or "authorized seal" field on the account opening application form. II. Before opening the Account, the Principal shall establish an TWD demand deposit account (not a check deposit account) with the Bank and complete the risk tolerance test. The Principal shall open a foreign currency demand deposit account at the Bank before opening a USD Gold Investment account. III. The Principal may request for Gold Investment services from the Bank's service units or through Internet banking. Due to statutory restrictions, microbranches of the Bank are not allowed to process Gold Investment operations. IV. Gold transactions denominated in TWD and USD shall be booked separately in the Account. Cross-currency trading or transfers are not allowed. For transactions involving USD-denominated gold, settlement shall be carried out via the Principal's foreign currency demand deposit account maintained with the Bank.

Account Opening. I. The Principal (not including OBU customers) shall complete and submit to the Bank an account opening application form for the Gold Investment Account (hereinafter referred to as "the Account"). All purchases/deposits, regular investments, buying price, back sales, withdrawals of physical gold, transfers or other related transactions under this account shall be processed against the original origi nal authorized seal on the specimen seal card or "authorized seal" field on the account opening application form. II. Before opening the Account, the Principal shall establish an TWD demand deposit account (not a check deposit account) with the Bank and complete the risk tolerance test. The Principal shall open a foreign currency demand deposit account at the Bank before opening a USD Gold Investment account. III. The Principal may request for Gold Investment services from the Bank's service units or through Internet banking. Due to statutory restrictions, microbranches of the Bank are not allowed to process Gold Investment operations. IV. Gold transactions denominated in TWD and USD shall be booked separately in the Account. Cross-currency trading or transfers are not allowed. For transactions involving USD-denominated gold, settlement shall be carried out via the Principal's foreign currency demand deposit account maintained with the Bank.