Common use of CLIENT’S ACCOUNT OPENING PROCEDURES Clause in Contracts

CLIENT’S ACCOUNT OPENING PROCEDURES. Aglobe Investments Ltd requires for the below procedure to be followed when a prospective client applies for Account opening: 24.1 Customer Service Representative (“CSR”) will request the prospective client to fill in its ‘Account Opening Form’ (“AOF”). 24.2 If the prospective customer is a resident, the AOF must be supported by at least one original document: Passport orID card. 24.3 Once the AOF has been completed, the prospective client shall complete and sign the client agreement, the Standard Terms & Conditions of The Company, either by electronically approving it or send a scanned document via email or post. 24.4 The CSR ensures that KYC documentation is received from the prospective client. 24.5 A checklist of minimum documentation required for opening of trading accounts assists the completeness of documentation obtained. CSR should sign off the checklist to indicate receipt of all required documentation. 24.6 If the required information & documents are not provided by the prospective client within one month, opening an account should be suspended. CSR shall request the prospective client to provide the documents and information required to successfully process the application. 24.7 Once all the relevant documentations provided by the prospective client are verified by the CSR, they may forward the relevant documents to the Compliance for further verification. 24.8 On approval, the CSR should input the relevant Client information details in the Company’s Back Office system. 24.9 If acceptance of the prospective client is rejected, the CSR shall inform the prospective client accordingly. The documents are retained and marked as “Cancelled”. Details of the same shall be entered into the system stating the reasons of the rejection, so as to avoid possible re-entry. Minimum Requirements for Customer Agreements i. Name and address of both the Customer and The Company ii. Commissions chargeable to the Customer by The Company