Common use of General Customer Clause in Contracts

General Customer. Customers who are not covered by the professional customer definition as per the pertinent provisions of the “Communiqué on Principles of Foundation and Operation of Investment Firms” published by the Capital Markets Board are considered and treated as “general customers”. General customers having the qualifications sought for by the Communiqué may, upon their demand in writing and if and to the extent deemed fit by the Bank, make use of the services and activities of the Bank as and in the capacity of a professional customer. Upon occurrence of an event that may affect his classification, the Customer will be liable to immediately inform the Bank thereabout. The Customer is responsible for accuracy and if required, for updating of the data and information provided under these principles. Furthermore, if the Customer states in writing to the Bank that he does not wish to be considered and treated as a professional customer, such demand of the Customer will be taken into consideration. If a general customer wishes to trade with capital market instruments, he is under obligation to provide the documents required to be submitted as per the CMB laws and regulations.