Common use of Sub Account Clause in Contracts

Sub Account. 3.1 If the Client opens a sub-account with ZUNDIAO for managing and executing the transactions of the Client's customers, the Client must be properly registered or licensed and appointed and authorised by its customers. The Client’s registration/licensing status (if applicable) and its authorisation must be valid during the establishment and maintenance of the sub-account. The Client is solely responsible for the legality of operating the Sub-account in the relevant jurisdiction(s) and agree to indemnify ZUNDIAO against all actions, liabilities, losses, costs, expenses which may be brought against, suffered or incurred by the Client and any of the Client’s affiliates by reason of operation of Sub-account.