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Please indicate if both parties (or either of you) are politically exposed persons (PEPs) or If yes, please give details
Politically Exposed Persons (PEP) means: (1) a prominent public figure who is a natural person currently or formerly entrusted with a senior public role or function (e.g., a senior official in the executive, legislative, military, administrative, or judicial branches of government, traditional and/or royal title holders); (2) an immediate family member, which includes as the spouse/partner, parent, grandparent, sibling, child, step-child, or in-law of a prominent public figure; (3) a known close associate, which includes those individuals that are widely- and publicly-known to maintain a close relationship to the prominent public figure. These known close relationships can occur with anyone and in any capacity, but some examples include distant relatives, advisors, partners outside the family unit, employees, business associates and representatives/agents. (4) Prominent religious institutions and their leadership structure.
Our dealing services has been designed for clients who do not wish to receive investment advice but only give instructions to be executed on their behalf. We will immediately acknowledge receipt of any mandate received from you. In the event that you do not receive an acknowledgement from us, it shall be your responsibility to take necessary steps to ensure that your mandate is received by us.
For Equity Transactions only In the event that Cordros is unable to execute your trades fully due to price restrictions, illiquidity of securities or any other reason, you hereby consent that Cordros may perform such acts as it considers necessary to give effect to your instructions, including, but not limited to, executing trades in parts without prior notice to you.
PLEASE COMPLETE IN BLOCK LETTERS
• This document has been drafted in compliance with rules & regulations of the Nigerian Exchange Group (NGX) rules and regulations governing dealing members. The statement contained herein is not intended to disclose an exhaustive list of all the risks and other significant aspects of trading in the Nigerian Capital Market. • There are varying degrees of risk for different market instruments; hence you should not make any investment in the capital market unless you fully understand the nature and the extent of the risks involved. You are advised to carefully consider if an investment is appropriate for you in light of your experience, investment objectives, financial resources and all other conditions. • For investments relating to securities, an investor is at risk of losing 100% of his/her investment. The prices of securities fluctuate, sometimes drastically. Due to such fluctuation, the value of a security may be become insignificant and it is likely that losses may be incurred rather than profit as a result of buying and selling securities. Fluctuations in currency rates where there is a need to convert from a currency denomination to another, may affect profit or loss in foreign currency denominated transactions. Transactions in other markets within and outside the country may also expose you to additional risks. Such markets may offer different or diminished investor protection as they operate under different rules and regulations from that which the Nigerian capital market operates under. • You are further advised to seek proper clarification of all fees, commissions and charges to be incurred before issuing a trading instruction. The total sum of all fees, commissions and charges will affect your net profit (if any) or increase your loss. Should you feel the need to make any enquiries about the likely risks associated with an intended investment, please feel free to speak with any of our Client Relationship Managers or the account officer assigned to you. • I/We confirm that I/We have read and understood the content of this Risk Disclosure Statement and any question(s) I/We have in relation thereto have been responded to by Cordros Capital Limited, to my/our satisfaction:
You hereby consent to the use of electronic communication (which includes communication by email or telephone or facsimile). By this consent, you unequivocally agree that instructions transmitted by electronic communication be binding for all purposes, including for purposes of evidence. You irrevocably undertake and warrant that you shall not make any demand or claim, or institute any action against Cordros should you suffer any loss or liability as a result of your consent to the use of electronic communication. You agree to indemnify and hold Cordros harmless against all claims, demands, actions and proceedings which may be made or instituted against Cordros; and all liabilities, losses, damages which may be suffered by Cordros in connection with, or arising as a result of your consent to electronic communication or Cordros’ reliance on electronic communication issued from your email account or other electronic communication account indicated herein or subsequently communicated to Cordros by you or your nominated investment adviser or any other person you authorize to manage your account.
You acknowledge that there are certain risks associated with conveying instructions via electronic means, including, but not limited to the risk of delay, non-receipt (due to technical malfunction, disruption, connectivity issues, etc. of your system or Cordros’ system or any other reason), third party interception/interference, data corruption, etc., and hereby fully waive, discharge and indemnify Cordros in respect of any loss or damages resulting from any of the risks identified above/from the use of electronic communication with respect to your account.
