Company Details Form - C - BMI

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13. Amendment & Waivers The Bank shall, at all times, have right to modify these conditions by simple notice in writing to the Account holder or displayed in the Bank’s branches/premises or on the Bank’s website. The Bank may waive compliance with any of these terms of business, but such waivers shall be without prejudice to the Bank’s rights including its right to enforce compliance in the same or similar matter at any future date. 14. Disclosure The bank shall maintain confidentiality of all information relating to the Account but is authorized by the Account holder to disclose without prior or otherwise reference to it, information to the regulators i.e. Central Bank of Bahrain and for other purposes if it is required to do so under the applicable law or by general banking practice in the jurisdiction of its incorporation. In order to comply with the Regulatory requirements, the Bank is authorized to forward any Customer information as well as reporting of any Suspicious Transactions. The Bank shall seek credit reference and respond to request for credit references made by other banks and financial institutions at its sole discretion and without any further reference to the Customer. Further, the Customer agrees to co-operate with the Bank to promptly supply information requested in connection with the enquiry. 15. General (a) In case of any conflict between these terms of business and Applicable Rules, the Applicable Rules shall apply. (b) Nothing in these terms of business shall exclude or restrict Bank’s obligation towards the Customer under any Applicable Rule. (c) The Bank shall not be held liable for taking or failing to take any action it considers necessary to ensure compliance with any Applicable Rules, which will be binding on the Customer. (d) If a regulatory body takes any action which affects a Transaction, then the Bank may take any action which, in its reasonable discretion, is desirable in relation to such action or to mitigate any loss incurred as a result of such action. By signing these terms of business and entering into a business relationship with the Bank, the Customer agrees and acknowledges having received one copy of these terms of business, have taken not of their contents and to be bound by these terms of business. Certain Services (including but not limited to Options and Futures), are governed by their own specific terms and conditions which are in addition to these Terms of Business and in such case the Customer will be obliged to enter into such agreements as the Bank may require and these Terms of Business will be deemed to be in addition to but not in substitution of such specific terms. These terms of business will apply prior to entering into these agreements. ___________________ Customer signature ___________________ BMI Bank B.S.C (c) ___________________ Customer signature ___________________ BMI Bank B.S.C (c) ___________________ Customer name ___________________ Date ___________________ Customer name ___________________ Date
BMI Bank B.S.C.(c.), Bahrain World Trade Center, P.O. Box 350, Manama, Kingdom of Bahrain T +973 17 508080 F +973 17 226641 Non Discretionary Investment Management Agreement This agreement is made this day of 20 Between (1) BMI Bank B.S.C.(c) whose principal office is at P.O. Box 350, Manama, Bahrain and registered office in Manama, Kingdom of Bahrain (hereinafter called the “Bank” which expression shall where the context so admits or requires, include the Bank’s successors and assigns) and (2) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ (hereinafter called the client). Whereby it is agreed as follows: Appointment The Client hereby appoints the Bank to execute transactions relating to the purchase and sale of shares, stocks, bonds, instruments, warrants, notes, treasury bills and other securities of any kind, whether traded or not (hereinafter called the Securities) and to provide administration and custodial services relating to the said securities. The Bank’s Authority On the receipt of the Client’s instructions, the Bank will subject to the under mentioned, arrange for the purchase or sale of securities. The Bank will act only as a broker and unless otherwise proved to the contrary, the Client acknowledges that any sale or purchase of securities on behalf of the Client will not result from the selection or advice in the selection from the Bank. Securities shall be held and registered in the name of the Bank and will be held either by BMI Bank, or a designated Custodian of the Bank on behalf of the Client. The Bank may, at its sole discretion, act on the Client’s instructions to purchase securities without first receiving the funds therefore. In such circumstances, the Client shall put the Bank in funds in the amount demanded by the Bank on the earlier of the value date of such purchase order or two business days of the Bank’s demand therefore. All amounts, if and when received with respect to the securities (including, but without limitation, interest dividends and other distributions) shall be credited to the Client’s account with the Bank, unless specified otherwise. The Bank may refuse to act (and shall bear no liability for such refusal) on any instructions given by the Client if, in the opinion of the Bank, such instructions contravene any applicable law or rule then in force, whether local or international, or concerns securities which the Bank does not deem it fit to deal in. The Bank shall exercise subscription, conversion and other rights attaching to securities held on behalf of the Client, if the Client does not specify its choice within a reasonable period. The Client agrees that the Bank shall have no obligation of “Best Execution” in its dealings with the Client. Instructions for purchase or sale of securities shall be at the Client account and risk. The Bank is authorized but is not obliged to rely upon and act in accordance with any instructions which may be given by the Client through facsimile, telex or telephone. The Client hereby indemnifies the Bank for acting in accordance with such instructions given through facsimile, telex, or telephone. In the case of telephonic instructions, the Bank is authorized to make magnetic tape or equivalent recordings of the relevant conversation and the Client agrees that the records and transcripts kept by the Bank shall be binding and conclusive evidence of such instructions. Credit Facilities The Client undertakes to pay interest to the Bank in respect of any debit balance in any account of the Client or any amount otherwise owing to the Bank at any time at such rate as may be prescribed from time to time by the Bank. In the event of any Credit Facilities being granted to the Client by the Bank, such Facilities shall be subject to such additional terms and conditions as may be specified. Foreign Currency Transactions If the Client instructs the Bank to effect any sale or purchase of securities in a foreign currency, any profit or loss arising as a result of the fluctuation of the exchange rate of the relevant currency will be entirely for the account of the Client. The Bank may convert the funds in any account of the Client into and from the foreign currency at such rate of exchange as the Bank may at its sole discretion determine as being the then prevailing market rate.
Page 1 and 2: BMI Bank B.S.C.(c.), Bahrain World
Page 9 and 10: (c) Time Deposit - Interest on time
Page 11 and 12: 18.7 Exclusion of liability BMI Ban
Page 17: 6. Expense & Charges 6.1 The Bank s
Page 21 and 22: Methods and Term of Dealing, Aggreg
Page 23 and 24: European & Latin America Capital Ma
Page 25: 2. Failing payment by me/us on dema

Company Details Form - C - BMI

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