![]() ![]() ![]() Limit Order – shall mean an instruction from the Client for the Company to enter into a Contract if the rate at which the Company is willing to transact at reaches a specified rate. ![]() Instruction – Shall mean a request from the Client to Company to enter into Contract or to place and work Limit Orders or Stop Loss Orders Initial Margin – shall mean the amount required by the Company in respect of each new Forward Transaction in accordance with Clause 7 of this Agreement. Information Requirements – means information that as a regulated entity that we are required to obtain from you and/or which you should be aware I) The interruption or failure of the transportation of any personnel, equipment, machinery or supplies and/or the shortage of any fuel, power or supplies H) The interruption or failure of any utility, third party communication services or facilities Additionally, the acceptance of Client’s instructions to place and work Limit Orders and Stop Loss Orders.įorward Contract – shall mean a Contract for which a sale and purchase rate of exchange is agreed on a particular date and for which the Settlement Date is a date falling more than two Working Days after the Transaction Date.įorce Majeure Event – shall mean any event or circumstances beyond the control of any party, including without limitation Ī) The interruption or failure of any third-party service providers including but not restricted to banking, liquidity and core system providersī) Fire, flood, explosion, earthquake, storm or other natural disasterĬ) Pandemic, endemic, epidemic, disease or any consequences resulting from thatĭ) Civil commotion, hostilities (whether war is declared or not), sabotage, or act of terrorismĮ) The acts of any public authority or imposition of any government sanction, embargo or similar actionį) Compliance with any law, judgement, order or decree (e) redeem E-money and transfer the proceeds either to the Client or to another payee.įoreign Exchange Services – shall mean the sale and purchase of deliverable currency in accordance with the Client’s Instructions to enter into Same Day Contracts, Next Day Contracts, Spot Contracts, Forward Contracts. (d) give instructions for E-money to be transferred to another person's account (c) denominate E-money in the different currencies the Company makes available in the Safe Custody Client Account from time to time (b) see the balance of E-money held in that Safe Custody Client Account (a) load E-money into your Safe Custody Client Account These features may include (without limitation) the ability to: Authorised Persons may be replaced in writing by the Client, addressed and sent to the Company, at any time.īuy Currency – shall mean any currency brought by the Client under the Contract.Ĭlient – shall mean the organisation, company or individual that is signatory and addressee on the account opening application and/or the counterparty to a Transaction with the Company.Ĭompany – shall mean Sigma Capital Partners MENA Limited, a company registered in the Dubai international Finance Centre Company no: 2843 (Regulated by the Dubai Financial Services Authority F004667) and using the licensed trading name Sigma Treasury.Ĭonfirmation – shall mean the document issued by the Company to the Client recording the principal commercial terms of a Contract and/or Digital Money Services.Ĭontract – shall mean a foreign exchange contract entered into between the Company and the Client subject to these terms under which the Company agrees to sell the Sell Currency supplied by the Client and the Client agrees to and takes delivery of, or instructs for onward settlement to a third party of, the Buy Currency supplied by the Company, the terms of which will be set out in the Confirmation.ĭigital Money Services - means a function from a Transaction or related to a Transaction which stores E-money in a non-interest bearing Safe Custody Client Account maintained by the Company for the Client and which provides such features as Company may make available from time to time. Account – shall mean the bank account to which a Payment should be made by the Company as instructed within the Payment Instructions and confirmed in the Payment Confirmation.Īdverse Market Movement – shall mean an adverse change in prevailing relevant exchange rates that result in a financial loss should the Contract be reversed.Īgreement – shall mean this agreement containing these terms and conditions and any other document, Contract or other materials referred to in it.Īpplicable Regulations – shall mean all laws and regulations applicable to the Transactions and products and services that the Company offer.Īuthorised Persons – shall mean any individuals, as listed on the Company registration form, that are approved by the Client to conduct Transactions on behalf of the Client.
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