application form_individual (1)

8/3/2019 Application Form_Individual (1)

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solutions f i n a n c i a l

THE INTEGRATION OF KNOWLEDGE, STRATEGY AND TRADE SUCCESS

Individual Account Opening Formw w w . f x c e n t r a l . n e t

Client Name

Client Account No

IB Name

Place

:

:

:

:

A/c Activation Date

Date of Dispatch by IB

Date of Receipt at HO

:

:

:



INDIVIDUAL ACCOUNT CHECK LIST

1. REQUIRED: PAN CARD

2. REQUIRED: ADDRESS PROOF - DRIVERS LICENSE / PASSPORT / VOTERS ID

3. REQUIRED: BANK PROOF - 3MONTHS STATEMENT & CANCELLED CHEQUE WITH

ACCOUNT HOLDERS NAME PRINTED ON THE CHEQUE.

4. REQUIRED: 1PHOTO

5. OPTIONAL : POWER OF ATTORNEY AND DISCRETIONARY ACCOUNT TERMS REQUIRED

IF ACCOUNT OWNER IS AUTHORIZING 3rd PARTY OR CTA TO TRADE THE ACCOUNT

PAGE #11

ELECTRONIC TRADING DISCLOSURE

TRADING FOREIGN EXCHANGE ONAN ELECTRONIC TRADING SYSTEM MAY VARY WIDELY AMONG DIFFERENT ELECTRONIC SYSTEMS.

EACH SYSTEM MAY PRESENTRISKSRELATED TOSYSTEM ACCESS, INCLUDING FAILUREOFHARDWARE AND SOFTWARE. IN THE CASE

OF INTERNET-BASED SYSTEMS, THERE MAY BE ADDITIONAL TYPES OF RISKS RELATED TO SYSTEM ACCESS, VARYING RESPONSE

TIMESAND SECURITYASWELLAS RISKS RELATEDTO SERVICEPROVIDERSANDTHERECEIPTAND MONITORING OF ELECTRONIC MAIL.

THE RESULTOFANYSYSTEM FAILUREMAY BETHATYOUR ORDER ISEITHER NOT EXECUTED ACCORDING TOYOUR INSTRUCTIONS OR

NOTEXECUTEDATALL.

SINCE FXCENTRIC BULLION FINANCIALS PVT LTD (hereinafter called “FXCENTRAL”) DOESNOTCONTROLSIGNAL POWER, ITS RECEPTION

OR ROUTING VIA INTERNET, CONFIGURATION OF YOUR EQUIPMENT OR RELIABILITY OF ITS CONNECTION, WE CANNOT BE

RESPONSIBLEFORCOMMUNICATIONFAILURES,DISTORTIONSORDELAYSWHENYOUTRADEONLINEOVER THEINTERNET.

FXCENTRAL SHALL NOT BELIABLEFORANY LOSSES, COSTSORDAMAGES INCURREDBYCUSTOMERARISING OUT OFANY ACCESS BY

CUSTOMER TO FXCENTRAL ELECTRONIC TRADING SYSTEM OR FROM ANY FAILURE OF THE SYSTEM, INTERNET ACCESS,

COMMUNICATIONS LINES OR OTHER CAUSE BEYOND ITS CONTROL, OR FROM ANY RESULTANT FAILURE TO EXECUTE, PROCESS OR

REPORT TRADES. CUSTOMER IS ALSO RESPONSIBLE FOR SAFEGUARDING PASSWORDS AND UNDERSTANDS THE RISKS ASSOCIATED

WITH THE TRANSMISSION OF INFORMATION BY USE OF THE INTERNET AND HEREBY AGREES TO INDEMNIFY AND HOLD HARMLESS

FXCENTRAL FROMANDAGAINSTALL LOSSES, CLAIMS EXPENSES, COSTS, DAMAGES, FINES OR LIABILITIESWHATSOEVER SUFFERED

BY FXCENTRAL (INCLUDING,WITHOUT LIMITATION, LEGAL COSTSAND EXPENSES)ARISING OUT OF THE USE OF THE ONLINE TRADING

SYSTEMBYCUSTOMER, ITSEMPLOYEES,AGENTSOR CONTRACTORS.

CLIENT HEREBY CONFIRMS THAT ALL TRANSACTIONS ARE PERMITTED UNDER THE LOCAL LAWS. CLIENT AGREES TO INDEMNIFY AND

HOLD FXCENTRAL, ITS AFFILIATES, EMPLOYEES, AGENTS, SUCCESSORS AND ASSIGNS HARMLESS FROM AND AGAINST ANY AND ALL

LIABILITIES, LOSSES, DAMAGES, COSTS AND EXPENSES, INCLUDING ATTORNEY'S FEES, INCURRED BY FXCENTRAL ARISING OUT OF

CLIENT'S FAILURE TO FULLYAND TIMELY PERFORM CLIENT'SAGREEMENTS HEREIN OR SHOULD ANY OF THE REPRESENTATIONSAND

WARRANTIES FAIL TO BE TRUE AND CORRECT. CLIENT ALSO AGREES TO PAY PROMPTLY TO FXCENTRAL ALL DAMAGES, COSTS AND

EXPENSES, INCLUDING ATTORNEY'S FEES, INCURRED BY FXCENTRAL IN THE ENFORCEMENT OF ANY OF THE PROVISIONS OF THIS

AGREEMENT AND ANY OTHER AGREEMENTS BETWEEN FXCENTRAL AND CLIENT AND FURTHER THAT THE CLIENT ACCOUNT LETTER

ANDTHECLIENTAGREEMENTIS VALIDANDBINDINGONTHE CLIENT.

Photo

Print Name: Signature:

Date:Place:



1

CLIENT INFORMATION

Client Information (To be completed for each participant in the account, individually, jointly, by all general partners and by the corporate officers

authorized tomake trading decisions for the account). For the purpose of this document the term “Client” always refers to the entity for whom this

application hasbeenmade, regardless of legal description.

Full Name:

Address:

City:

Telephone:

PAN No:

Number of Dependents:

Employer’s Name:

Nature of business:

Email Address:

State: Zip:

Mobile No:

Citizenship: Indian Citizen: Yes No If No, what Country

Years There:

Position:

Date of Birth: Marital Status:

EMPLOYMENT DETAILS

TRADING KNOWLEDGE

The Information below must be filled out in full

1. Do you have experience in trading securities?

2. Experience in trading options?

3. Do you have experience in trading?

4. Do you have experience in trading currencies through interbank foreign exchange?

Yes No Years:

Yes No Years:

Yes No Years:

• Commodities?

• Futures?

Yes No Years:

Yes No Years:

Yes No Years:

Email ID:



2

Confidential Financial Information. (Joint or Partnership Clients must provide combined financial information. Corporate andLimited Partnership

Clientsmustattach current financialstatement.)

5. What is your total estimated annual income? Rs

6. Risk Capital, including initial deposit in this account (Risk Capital--if lost would not change your lifestyle.)

7. What is your total net worth? (Excluding residence) Rs

8. What is your l iquid net worth?

9. Will any other person(s) guarantee, or have f inancial interest in this account? Yes No . I f yes, please

Provide Name:

10. Will any person other than Client control, manage, or direct the trading in this account? Yes No

11. Do you have or have you ever had any other account(s) with FXCENTRAL? Yes No

If Yes, please provide Account Number:

If Yes, please fill out Power of Attorney Risk Disclosure (Supplemental Form - Page No 12).

12. Bank Reference: Name and Address

Account Number: Bank Contact:

IFSC Code: Tel. No:

The undersigned hereby attest(s) and certifies that the above information is complete and accurate. The undersigned hereby authorize(s)

FXCENTRAL toverify any orallof the foregoing information.


Date:

Cash Rs Stocks Rs Bond Rs

FINANCIAL INFORMATION

BANK ACCOUNT DETAILS

DECLARATION

Place:



3

CLIENT AGREEMENT

Between:

FXCENTRIC BULLION FINANCIALS PVT LTD (hereinafter called “FXCENTRAL”), an NBFC corporate, registered /

incorporated under the provisions of the Companies Act, 1956, having its registered office at# 881/A, 2nd Floor, 2nd stage, Modi

Hospital Main Road, Basaveshwar Nagar, Bangalore-560079 which expression shall, unless repugnant to the context or

meaning thereof, be deemed tomean and include himself in the capacity of a FXCENTRAL while trading in the Foreign Exchange,

his/her heirs, executors, administrators and legal representatives/the partners for the time being of the said firm, the survivor or

survivors of them and theirrespective heirs, executors, administratorsand legal representatives/its successors, as the case may be,

oftheOnePart;

And

Mr . /Ms /M/s . …………………………….. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .…

, anindividual / a sole proprietary concern/ a partnership firm/a body corporate, registered / incorporated, under the provisions ofthe

Indian Partnership Act, 1932 / the Companies Act, 1956, having his / her / its residence / registered office at

………………………………………………………………………………………….…………………………………...……………………

………………………………………………………………………………………………………………………….....................................

(hereinafter called “the client”)which expression shall, unless repugnant to the context ormeaning thereof, be deemed tomean and

include his/her heirs, executors, administrators and legal representatives/the partners for the time being of the said firm, the survivor

or survivors of them and their respective heirs, executors, administrators and legal representatives/its successors, as the case may

be,oftheOtherPart.

Whereas the FXCENTRAL is registered as the NBFCwithRBI registrationnumber 000043.

A. Whereas the client is desirous of investing / trading in those Forex / Spot / other instruments admitted to dealings on Foreign

ExchangeContractas defined in the Rules, Byelaws and Regulations of the Interbank ForeignExchange.

B. Whereas the client has satisfied itself of the capacity of the FXCENTRAL to deal in Forex / Spot / currency derivatives contracts

and wishes to execute its orders through the FXCENTRAL and the client shall from time to time continue to satisfy itself of such

capability of theFXCENTRAL before executing orders through theFXCENTRAL.

C. Whereas the FXCENTRAL has satisfied and shall continuously satisfy itself about the genuineness and financial soundness of

the client andinvestment / trading objectives relevantto the services to beprovided; and

D. Whereas the FXCENTRAL has taken steps and shall take steps to make the client aware of the precise nature of the

FXCENTRAL’s liability for business to be conducted, including any limitations, the liability and the capacity in which the

FXCENTRALacts.

This agreement is made and executed at ……….................……..…… this.…..........….….. Day of ……….……………… 20………




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E. Whereas the FXCENTRAL and the client agree to be bound by all the Rules, Byelaws and Regulations of the Foreign Exchange

and circulars issued there under and Rules and Regulations of RBI (FEMA) and relevant notifications of Government authorities

as may be inforce from timeto time.

Now, therefore, in consideration of the mutual understanding as set forth in this agreement, the parties thereto have agreed to the

following terms and conditions:

1. The client agrees to immediately notify the FXCENTRAL in writing if there is any change in the information in the ‘client

registration form’ provided by the clientto the FXCENTRAL atthe time of opening of the account orat any time thereafter.

2. The FXCENTRAL declares that it has brought the contents of the risk disclosure document to the notice of client and made him

awareof the significanceof the said document. The clientagrees that:

a) He has read andunderstood therisks involved in trading on ForeignExchange Contract.

b) He shall be wholly responsible forall hisdecisions andtrades.

c) The failure of the client to understand the risks involved shall not render a contract as void or voidable and the client shall be

and shall continue to beresponsible for all the risksand consequences for enteringinto trades in the segment

d) He is liable to pay applicable initial margins, withholdingmargins, special margins or suchothermargins as are considered

necessary by the FXCENTRAL or Foreign Exchange Contract or as may be directed by RBI (FEMA) from time to time as

applicable to the segment. The FXCENTRAL is permitted in its sole and absolute discretion to collect additional margins

(even though not required by Foreign Exchange Contract, Clearing House / Clearing Corporation or RBI (FEMA)) and the

client shall beobliged topay suchmarginswithin the stipulated time.

e) Payment ofmargins by the client does not necessarily imply complete satisfaction of all dues. In spite of consistently having

paid margins, the client may, on the closing of its trade, be obliged to pay (or entitled to receive) such further sums as the

contractmay dictate / require.

3. TheClient agrees to pay to the FXCENTRAL brokerage and statutory levies as are prevailing from time to time and as they apply

tothe Client’saccount,transactions and to the services that FXCENTRAL renders tothe Client.

4. The FXCENTRAL agrees that it shall not charge brokerage more than the maximum brokerage permissible as per the rules,

regulationsand bye -lawsof ForeignExchangeContract/ RBI (FEMA).

5. The client agrees to abide by the exposure limits, if any, set by the FXCENTRAL or by Foreign Exchange Contract or Clearing

House/ClearingCorporation orRBI (FEMA) from time to time.

6. Without prejudice to the FXCENTRAL's other rights (including the right to refer a matter to arbitration), the FXCENTRAL shall be

entitled to liquidate / close out all or any of the client's positions for non-payment ofmargins or other amounts, outstanding debts,

etc. and adjust the proceedsof such liquidation / close out, if any, against the client's liabilities / obligations.Anyand all losses and

financialchargesonaccount ofsuch liquidation/closing-out shall becharged to and borneby the client.

7. The FXCENTRAL agrees that the money / securities deposited by the client shall be kept in a separate account, distinct from his/

its own account or account of any other client and shall not beused by the FXCENTRAL for himself / itself or for any other client or

for any purpose other than the purposes mentioned in RBI (FEMA) Rules and Regulations circulars / guidelines / Foreign

ExchangeContract’sRules / Regulations / Byelaws and circulars.

8. The client agrees to immediately furnish information to the FXCENTRAL in writing , if any winding up petition or insolvency

petition has been filed or any winding up or insolvency order or decree or award is passed against him or if any litigation which

may havematerialbearing onhis capacity has been filedagainst him.




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9. The FXCENTRAL agrees to inform the client and keep him apprised about trading / settlement cycles, delivery / payment

schedules, any changes therein from time to time, and it shall be the responsibility in turn of the client to comply with such

schedules / proceduresof Foreign ExchangeContract.

10.In the event of death or insolvency of the client or his / itsotherwisebecoming incapable of receivingand paying for anycontracts

which the client has ordered to be bought or sold, or of delivering or transferring securities, the FXCENTRAL may close out the

transaction of the client and claim losses, if any, against the estate of the client. The client or his successors, heirs and assignsshall beentitledto any surplus whichmay result there from.

11.The client and the FXCENTRAL agree to refer any claims and / or disputes to arbitration as per the Rules, Byelaws and

RegulationsofForeignExchangeContractand circulars issuedthereunder asmay bein forcefrom time totime.

12.The FXCENTRAL hereby agrees that he shall ensure faster settlement of any arbitration proceedings arising out of the

transactions entered into between him and the client and that he shall be liable to implement the arbitration awards made in such

proceedings.

13. Information about default in payment / delivery and related aspects by a client shall be brought to the notice of RBI(FEMA). In

case wheredefaulting client is a corporate entity/ partnership / proprietary firm or any other artificial legal entity, then the name(s)of director(s) / promoter(s) / Partner(s) / proprietor as the casemay be, shall also becommunicatedRBI(FEMA).

14.The FXCENTRAL and the client agree to reconcile their accounts at the end of each quarter with reference to all the settlements

where payouts havebeendeclared during the quarter.

15.The FXCENTRAL and the client declare and agree that the transactions executed on Foreign Exchange Contract are subject to

Rules, Byelaws and Regulations and circulars issued there under of Foreign Exchange Contract and all parties to such trade

shall have submitted to the jurisdiction of such court as may be specified by the Byelaws and Regulations of Foreign Exchange

Contract for the purpose of givingeffect to the provisions of the Rules, Byelaws and Regulations ofRBI (FEMA) and the circulars

issuedthere under.

16.The instructions issued by an authorized representative, if any, of the client shall be binding on the client in accordance with the

letter authorizing the said representative todeal onbehalf ofthe said client.

17.Where RBI (FEMA) cancels trade(s) suo moto all such trades including the trade/s done on behalf of the client shall ipso facto

standcancelled.

18.This agreement shall forthwith terminate; if the FXCENTRAL for any reason ceases to be a member of RBI (FEMA) including

cessation of membership by reason of the FXCENTRAL's default, death, resignation or expulsion or if the certificate issued by

theBoardiscancelled.

19. In addition to the specific rights set out in thisAgreement, the FXCENTRAL and the client shall be entitled to exercise any other

rights which the FXCENTRAL or the client may have under the Rules, Bye-laws and Regulations of Foreign Exchange Contract

and circularsissued thereunderor Rulesand Regulationsof RBI (FEMA).

20.Words and expressions which are used in this Agreement, but which are not defined herein shall, unless the context otherwise

requires, have the samemeaning asassigned thereto in the Rules, Byelaws and Regulations ofRBI (FEMA) and circulars issued

thereunder.

21.The provisions of this agreement shall always be subject to Government notifications, any rules, regulations, guidelines and

circulars issued by RBI (FEMA) and Rules, Regulations and Bye laws of Foreign Exchange Contract that may be in force from

time to time.




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Client’s Signature / Authorised Signatory FXCENTRAL’s Signature / Authorised Signatory

Signed By:Signed By:

22.The FXCENTRAL herebyundertakes tomaintain the details of the client asmentioned in the client registration form or any other

information pertaining to the client in confidence and that it shall not disclose the same to any person / authority except as

requiredunder any law / regulatory requirements; Providedhowever that the FXCENTRAL may sodisclose informationabout its

hisclient to any person or authoritywiththe expresspermission ofthe client.

This agreement can be altered, amended and / ormodified by the parties mutually in writing without derogating from the contents of

thisAgreement.

Provided however, if the rights and obligations of the parties here to are altered by virtue of change in Rules and regulations of RBI

(FEMA) or Bye-laws, Rules and Regulations of Foreign Exchange Contract, such changes shall be deemed to have been

incorporatedherein inmodificationofthe rightsand obligations ofthe partiesmentioned in this agreement.

INWITNESSTHEREOF the parties to theAgreement have caused these presents to be executed as of the day and year first above

written.

Title:Title:

Witness:Witness:

1.1.

2.2.

Note:

All references to the specific quantity/rate/feementioned in this agreement are subject to change from time totime,as soagreed to in

writing between theparties.



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RISK DISCLOSURE

This document is issued by FXCENTRIC BULLION FINANCIALS PVT LTD., (herein after referred to as ‘FXCENTRAL’) which has

been formulated by FXCENTRAL in coordination with the Reserve Bank of India (hereinafter referred to as "RBI") and contains

important information on trading in Forex Currency Derivatives Segment of FXCENTRAL. All prospective constituents should read

this document before trading in Forex CurrencyDerivativesSegment of FXCENTRAL.

FXCENTRAL/ RBI does neither singly or jointly and expressly nor impliedly guarantee nor make any representation concerning the

completeness, the adequacy or accuracy of this disclosure document nor has FXCENTRAL/RBI endorsed or passed any merits of

participating in the segment.This briefstatement does not disclose all the risksand othersignificant aspects of trading.

In the light of the risks involved, you should undertake transactions only if you understand the nature of the contractual relationship

into which you are enteringand the extent of your exposure torisk.

Youmust know and appreciate that trading in Forex Currency Derivatives or other instruments traded on FXCENTRAL, which have

varying element of risk, is generally not an appropriate avenue for someone of limited resources/limited investment and/or trading

experience and low risk tolerance. You shouldtherefore carefully considerwhether such trading is suitable for you in the light of your

financial condition. In case you trade on FXCENTRAL and suffer adverse consequences or loss, you shall be solely responsible for

the same and FXCENTRAL, its Clearing House/Clearing Corporation and/or RBI shall not be responsible, in any mannerwhatsoever, for the same and it will not be open for you to take a plea that no adequate disclosure regarding the risks involved was

made or that you were not explained the full risk involved by the concerned member. The constituent shall be solely responsible for

the consequences and no contract can be rescinded on that account. You must acknowledge and accept that there can be no

guarantee of profits or no exception from losses while executing orders for purchase and/or sale of a currency derivative contract

beingtraded on FXCENTRAL.

Itmust be clearly understood by you that your dealings onFXCENTRAL shall be subject to your fulfilling certain formalities setout by

FXCENTRAL, whichmay inter alia include your filling the know your client form, client registration form, execution of an agreement,

etc., and are subject to the Rules, Bye-laws and Regulations of FXCENTRAL and its Clearing House/Clearing Corporation,

guidelines prescribed by RBI and in force from time to time and Circulars as may be issued by FXCENTRAL or its Clearing House/

ClearingCorporation and in forcefrom time totime.

FXCENTRAL does not provide or purport to provide any advice and shall not be liable to any person who enters into any business

relationship with any trading member of FXCENTRAL and/or any third party based on any information contained in this document.

Any information contained in this document must not be construed as business advice. No consideration to trade should be made

without thoroughly understanding and reviewing the risks involved in such trading. If you are unsure, you must seek professional

advice onthe same.

In considering whether to trade or authorize someone to trade for you, you should be aware of or must get acquainted with the

following:

1. BASICRISKS

1.1 Risk of Higher Volatility:

Volatility refers to the dynamic changes in price that a Forex Currency Derivatives contract undergoes when trading activity

continues on FXCENTRAL. Generally, higher the volatility of a contract, greater is its price swings. There may be normally greater

volatility in thinly traded ForexCurrencyDerivatives contracts than in active contracts.As a result of volatility, your ordermay only be

partially executed or not executed at all, or the price at which your order got executed may be substantially different from the last

traded priceor changesubstantially thereafter, resulting in notional or real losses.

1.2 Risk of LowerLiquidity:

Liquidity refers to the ability of market participants to buy and/or sell Forex Currency Derivatives contracts expeditiously at a

competitive price and with minimal price difference. Generally, it is assumed that more the numbers of orders available in a market,

greater are the liquidity. Liquidityis important becausewith greater liquidity, it is easier for investorsto buyand/or sell ForexCurrencyDerivatives contracts swiftly and with minimal price difference, and as a result, investors are more likely to pay or receive a



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competitive price for Forex Currency Derivatives contracts purchased or sold. There may be a risk of lower liquidity in some Forex

Currency Derivatives contracts as compared to active contracts. As a result, your order may only be partially executed, or may be

executedwith relatively greater pricedifference ormay not beexecutedat all.

1.2.1 Buying/selling Forex CurrencyDerivatives contracts as part of a day trading strategymay also result into losses, because in

suchasituation,contractsmayhavetobesold/purchasedatalow/highprices,comparedtotheexpectedpricelevels,soas

not tohave any open position.

1.3 RiskofWiderSpreads:

Spread refers to the difference in best buy price and best sell price. It represents the differential between the price of buying a

security and immediately selling it or vice versa. Lower liquidity and higher volatility may result in wider than normal spreads for less

liquidor illiquid ForexCurrencyDerivatives contracts.This inturnwill hamper better price formation.

1.4 Risk-reducingorders:

The placing of orders (e.g., "stop loss” orders, or "limit" orders) which are intended to limit losses to certain amounts may not be

effectivemanya time because rapidmovementin marketconditionsmay make it impossible toexecute such orders.

1.4.1 A "market" order will be executed promptly, subject to availability of orders on opposite side, without regard to price and that,

while the customer may receive a prompt execution of a "market" order, the execution may be at available prices ofoutstanding orders, which satisfy the order quantity, on price time priority. It may be understood that these prices may be

significantlydifferent from the last traded priceor the best price inthat ForexCurrencyDerivatives contract.

1.4.2 A "limit" order will be executed only at the "limit" price specified for the order or a better price. However, while the customer

receives priceprotection, thereis a possibility that the ordermay not beexecutedat all.

1.4.3 A stop loss order is generally placed "away" from the current price of a Forex Currency Derivatives contract, and such order

gets activated if and when the contract reaches, or trades through, the stop price. Sell stop orders are entered ordinarily

below the current price, and buy stop orders are entered ordinarily above the current price. When the Forex Currency

Derivatives contract reaches the pre -determined price, or trades through such price, the stop loss order converts to a

market/limit order and is executed at the limit or better. There is no assurance therefore that the limit orderwill be executable

since a Forex Currency Derivatives contract might penetrate the pre-determined price, in which case, the risk of such ordernot getting executedarises, just aswith a regular limit order.

1.5 Riskof NewsAnnouncements:

News announcements that may impact the price of Forex Currency Derivatives contract may occur during trading, and when

combinedwith lower liquidity and higher volatility, may suddenly cause an unexpected positive or negativemovement in the price of

the contract.

1.6 RiskofRumours:

Rumours about currencies at times float in the market through word of mouth, newspapers, websites or news agencies, etc. The

investors should bewaryofand shoulddesist from actingon rumours.

1.7 SystemRisk:

High volume trading will frequently occur at the market opening and before market close. Such high volumes may also occur at any

pointin the day.Thesemay causedelays inorderexecution orconfirmation.

1.7.1 During periods of volatility, on account of market participants continuously modifying their order quantity or prices or placing

freshorders, theremay bedelays inorderexecution and itsconfirmations.

1.8 System/Network Congestion:

Trading on FXCENTRAL is in electronic mode, based on satellite/leased line based communications, combination of technologies

and computer systems to place and route orders. Thus, there exists a possibility of communication failure or system problems or

slow or delayed response from system or trading halt, or any such other problem/glitch whereby not being able to establish access

to the trading system/network, which may be beyond control and may result in delay in processing or not processing buy or sell



9

orders either in part orin full.You are cautioned tonote that although theseproblemsmay be temporary in nature, but when you have

outstanding open positions or unexecuted orders, these represent a risk because of your obligations to settle all executed

transactions.

2. ADDITIONALFEATURES

2.1 Effect of "Leverage" or "Gearing":In the derivatives market, the amount of margin is small relative to the value of the derivatives contract so the transactions are

'leveraged' or 'geared'. Derivatives trading, which is conducted with a relatively small amount of margin, provides the possibility of

greatprofit orloss in comparison with themargin amount. But transactionsin derivatives carrya high degree of risk.

You should therefore completely understand the following statements before actually trading in derivatives and also trade with

caution while taking into account one's circumstances, financial resources, etc. If the prices move against you, you may lose a part

of orwhole marginamount in a relatively short period of time.Moreover, the lossmay exceedthe originalmargin amount.

A. A Forex trading involves daily settlement of all positions. Every day the open positions are marked to market based on the

closing level ofthe ForexCurrencyDerivatives contract. Ifthe contracthasmovedagainst you, you will be required to deposit

the amount of loss (notional) resulting from such movement. This amount will have to be paid within a stipulated time frame,

generally before commencement of trading on next day.

B. If you fail to deposit the additional amount by the deadline or if an outstanding debt occurs in your account, the FXCENTRAL

may liquidate a part of or the whole position or substitute Forex Positions. In this case, you will be liable for any losses

incurred due to such close-outs.

C. Under certain market conditions, an investor may find it difficult or impossible to execute transactions. For example, this

situation can occur due to factors such as illiquidity i.e. when there are insufficient bids or offers or suspension of trading due

to pricelimitor circuit breakersetc.

D. You must ask FXCENTRAL to provide the full details of the Forex Currency Derivatives contracts you plan to trade i.e. the

contract specifications and theassociatedobligations.

2.2 Currency specific risks:

1. The profit or loss in transactions in foreign currency-denominated contracts, whether they are traded in your own or another

jurisdiction, will be affectedby fluctuations in currency rateswhere there is a need to convert from the currencydenomination

of the contract to another currency.

2. Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example

when a currency isderegulatedorfixedtrading bandsare widened.

3. Currency prices are highlyvolatile. Pricemovements for currencies are influenced by, among other things: changing supply-

demand relationships; trade, fiscal, monetary, exchange control programs and policies of governments; foreign political and

economic events and policies; changes in national and international interest rates and inflation; currency devaluation; and

sentiment of the market place. None of these factors can be controlled by any individual advisor and no assurance can begiven that anadvisor's advicewill resultin profitable trades for a participating customeror that a customerwill not incur losses

fromsuchevents.

3. GENERAL

3.1 Commissionandother charges:

Before you begin to trade, you should obtain a clear explanation of all commission, fees and other charges for which you will be

liable. These chargeswill affect your net profit (if any) orincrease your loss.

3.2 Deposited cash and property:

You should familiarize yourselfwith the protections accorded to the money or other property youdeposit particularly in the event of afirm insolvency or bankruptcy. The extent towhich you may recover your money or propertymay be governed by specific legislation



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or local rules. In some jurisdictions, property which has been specifically identifiable as your own will be pro-rated in the same

manner as cash for purposes of distribution in the event of a shortfall. In case of any dispute with FXCENTRAL, the same shall be

subject to arbitration as per theBye-laws/regulations of FXCENTRAL.

3.3 For rights and obligations of the clients pleaserefer toAnnexure -1 enclosedwith this document.

3.4 The term ‘constituent’ shallmean and include a client, a customer oran investor, who dealswith FXCENTRAL for the purpose

of acquiringand/or selling of ForexCurrencyDerivativescontracts through themechanismprovided by FXCENTRAL.

I HEREBY ACKNOWLEDGE THAT I HAVE RECEIVED AND UNDERSTOOD THIS RISK DISCLOSURE STATEMENT AND

ANNEXURE-1CONTAININGMYRIGHTSAND OBLIGATIONS.


Date:Place:

Note:

If Partner, Corporate, or other Signatory, then attest with company seal



11

ANNEXURE-1

INVESTORS’RIGHTSANDOBLIGATIONS:

1.1 Youshould familiarizeyourselfwith the protection accordedto the moneyor otherproperty you may deposit with FXCENTRAL,particularly inthe eventof

a default in theForexCurrencyDerivativesmarket or thebrokingfirm’sinsolvency or bankruptcy.

1.1.1 Please ensure that you have a documentary proof of your having made deposit of such money or property with FXCENTRAL, stating towards which

account suchmoney or property deposited.

1.1.2 Any dispute with FXCENTRALwith respect to deposits, margin money, etc.,and producing an appropriate proof thereof,shall be subject toarbitration as

per theRules,Bye-laws/Regulations of FXCENTRALor itsClearingCorporation.

1.2 Before you beginto trade, youshould obtain a clearideafromFXCENTRAL ofall brokerage, commissions, fees and otherchargeswhichwill be levied on

you fortrading.Thesechargeswill affect yournet cashinflowor outflow.

1.3 Youshouldexerciseduediligenceand comply withthe following requirements oftheFXCENTRAL and/orRBI:

1.3.1 Demand any such information, details and documents from FXCENTRAL, for the purpose of verification, as you may find it necessary to satisfy yourself

abouthis credentials.

1.3.2 Furnish all such details infull as are requiredby FXCENTRAL asrequired in"Know Your Client" form,whichmay also include details ofPAN orPassport orDriving License orVotersId, orRation Card,bank account,or any such details made mandatory by FXCENTRAL/RBI atany time,as isavailable withthe

investor.

1.3.3 Execute a broker-client agreement in the form prescribed by RBI and/or the RelevantAuthority of FXCENTRAL or its Clearing Corporation from time to

time, because thismay be useful as a proof ofyour dealing arrangements with FXCENTRAL.

1.3.4 Give any orderfor buy orsell of a ForexCurrency Derivativescontractin writing orin such form ormanner, asmay bemutuallyagreed. Giving instructions

inwritingensures thatyou haveproof of yourintent,in caseof disputeswith FXCENTRAL.

1.3.5 Ensure that an online statement generated by FXCENTRAL software containsminute records of every transaction. Verify that the contract note contains

details of order number, tradenumber, tradetime, trade price, tradequantity, and details of the Forex CurrencyDerivatives contract, client code allotted to

you andshowing thebrokerageseparately.

1.3.6 Ensure that payment of funds against settlement is given to FXCENTRAL within one working day prior to the date of pay-in announced by FXCENTRAL.

Paymentsshould bemadeonly by account payeecheque in nameof thefirm/company.

1.3.7 In case pay-out of funds is not received on the next working day after date of pay-out announced by FXCENTRAL, please follow-up with the concerned

department for i ts receipt. In case pay-out is not received as above from FXCENTRAL within f ive working days, ensure that you send a mail to

FXCENTRALSupport Department.

1.3.8 Complete'Statement ofAccounts', for both settlementsand margins, toeach of its constituents will be sent automatically totheir respective mail id’s.You

should report errors, if any, in the Statement immediately, but not later than 30 calendar days of receipt thereof, to FXCENTRAL. In case the error is not

rectifiedor thereis a dispute, ensure thatyou refer suchmatterto Support Departmentof FXCENTRAL,withoutdelaying.

1.3.9 Incaseof a complaint against anIntroducing Broker (IB),you shouldaddressthe complaint tothe Office asmay bespecified byFXCENTRAL from time to

time.

1.4 Incasewherean IBsurrenders his membership.In case ofa claim, relatingto "transactions executedon the trading system" ofFXCENTRAL, ensurethat

youlodge a claim with FXCENTRAL/ClearingCorporation within thestipulated period andwith thesupporting documents.

1.5 In case where a IB is expelled from FXCENTRAL or declared a defaulter. In case of a claim, relating to "transactions executed on the trading system" of

FXCENTRAL, ensure thatyou lodge a claim with FXCENTRALwithinthe stipulated period andwith thesupportingdocuments.


Date:Place:



12

POWER OF ATTORNEY AND DISCRETIONARY ACCOUNT TERMS

as its agentAttorney-In-Fact to buy, sell (including short sales), exchange, assign or transfer and trade for it at any price (my) (our) attorney

deems fair in contracts as defined in the Foreign Exchange Customer Agreement of FXCENTRIC BULLION FINANCIALS PVT LTD

(hereinafter called “FXCENTRAL”) Customer hereby indemnifies FXCENTRAL and its directors, officers, employees and agents from and

against all liability arising directly or indirectly, from following Attorney-in-Fact's instruction and will pay FXCENTRAL promptly, on demand,

any losses arising fromsuch trades andany debit balance resulting there from.

In a ll such purchases, sales or t rades, FXCENTRAL is authorized to fol low Attorney-in-fact's instructions in every respect and

Attorney-in-Factis authorized toact for the Customerwiththe same forceand effect asCustomermightdo with respect tosuchpurchase, salesor

trades and all things necessary orincidentalto the furtheranceof such purchases, salesor trades. FXCENTRAL isdirected tomakeavailable to Attorney-in-Fact a copy of all statements that FXCENTRAL makesavailable to Customers concerning Customer's account, including,

but not l imited to, monthlystatements, confirmations and purchase and sale agreements. Customer hereby ratifies andconfirms

anyandall transactionswithFXCENTRALheretofore andhereafter madeby Attorney-in-Fact forCustomer's account.

Attorney-in-Fact is not authorized to withdraw from Customer's account anymonies, securities or any properly either in Customer’s name

or otherwise unless such withdrawal or payment is specifically authorized in writingbyCustomer.

ThisPower ofAttorney shall remain in full force andeffect until FXCENTRAL receives fromCustomerwritten notification of Customer's revocation

thereof.

Customer understands that FXCENTRAL is in no way responsible for any loss to Customer occasioned by actions of the individual or

organization named above and that FXCENTRAL does not, by implication or otherwise, endorses the operation or methods of such

individual or organization.

The belowsaid undersigned, hereby authorize FXCENTRAL to debit corresponding said account a transaction fee detailedbelow and agreed

between the undersigned and Name of Attorney-In-Fact. The undersigned hereby agrees to indemnify and hold FXCENTRAL

harmless to the full extent permitted by law from any and all losses and/or l iabilities resulting from payments to Advisor of the above-

described fees, and agrees that the undersigned's sole resourcefor any disputes, loss ormiscalculations ofsame, ifany, isto resolve thematter

with The Advisor. Fee Acknowledgement Client hereby ratifies and confirms that he/she has agreed to compensate Trading Agent for his/her

services and hereby authorizes FXCENTRAL to debit Client’s trading account and credit these fees directly to TradingAgent, according to the

following terms:

Power Of Attorney

Customer hereby authorizes

Address of Attorney-In-Fact

Name of Attorney-In-Fact

Commission: Rs Pips:per round turn lot per round turn lot

Customer Name: Customer Signature:

Date:

Other (provide details):

Agent Name: Agent Signature:

Date:

Place:

Place:



UNITED KINGDOM

FXCENTRAL LTD.

145-157 St. John Street

London, EC 1V4PY

UNITED KINGDOMTel: +44 2033182663/64

Fax: +44 203 004 0900

Toll Free: +448000974747

UNITED STATES OF AMERICA

FXCENTRAL INC.

14 Wall Street,20th Floor

New York, NY 10005

UNITED STATES OF AMERICA

Tel: (201) 716-2294

NEW ZEALAND

FXCENTRAL LTD.

#2480, 24B Moorrefield Road

Johnsonville Wellington 6037

NEW ZEALAND

Tel: +649 984 9445

INDIA

FXCENTRIC BULLION FINANCIALS PVT. LTD.

#881/A, 2nd Floor

Modi Hospital Road, Basaveshwaranagar

Bangalore - 560 086. INDIATel: +91 80-4264 6555

Fax: +91 80-4264 6567

UNITED ARAB EMIRATES

FXCENTRAL COMMERCIAL BROKER LLC.

P. O. Box. 10559

DUBAI

UNITED ARAB EMIRATES

Tel: +971 556538240

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