CLIENT IDENTITY. 10.1 In this Agreement, (a) the expression “ultimate beneficiary”, in relation to any transaction effected or to be effected on markets operated by the SEHK and/or HKFE for the Client pursuant to this Agreement, means each and every person who (i) is the principal for whom the Client is acting as agent in relation to such transaction or (ii) stands to gain the commercial or economic benefit of such transaction and/or to bear its commercial or economic risk or (iii) is ultimately responsible for giving the instruction in relation to such transaction and (b) the expression “identity information”, in relation to any person, means the true and full identity of such person, including such person’s alias(es), address(es), occupation(s) and contact details.
