Common use of CUSTOMER’S ACCOUNT CLOSING PROCEDURES Clause in Contracts

CUSTOMER’S ACCOUNT CLOSING PROCEDURES. Request for closing of customer accounts shall be made in writing. The request for account closure should be reviewed and approved by the Head of Dealing and Operations or Compliance Officer. Customers at any time during the business relationship and as applicable, may opt to cease their relationship with the Company or voluntarily decide to discontinue trading. Accounts may also be closed by the Company due to history of defaults or violations committed by an investor adversely affecting the Company’s operations and reputation. Once the trading account is closed in the Company records, the Customer Number that was previously opened in the data systems will remain active, until the Board of Directors wishes to purge the inactive accounts.