OSL Terms of Business for Professional Clients and ... - Otkritie

Otkritie Securities Limited
Terms of Business For Professional Clients
and Eligible Counterparties
SECTION A: GENERAL TERMS 1
1. Purpose and Basis of These Terms
The full name of our firm is Otkritie Securities Limited (hereinafter referred to as “OSL”). The address of our
registered office is 12th Floor, 88 Wood Street, London EC2V 7RS UK. We are registered in England and
Wales under registered No. 4621383, we are the subsidiary of the Otkritie Financial Corporation registered
under the law of the Russian Federation.
1.1. OSL is authorised by the Financial Services Authority (the “FSA”) and regulated by the FSA to conduct
investment business under the Financial Services and Markets Act 2000. Our Firm Reference Number (“FRN”)
is 225539.
1.2. These General Terms, together with other applicable sections of the Terms of Business for
Professional Clients and Eligible Counterparties of OSL (the “Terms” or “Terms of Business”) will apply to all
investment and connected business which we may carry on with or for you in accordance with these Terms,
subject to the terms of any other agreement relating to any specific business or Transaction between you and
us.
2. Definition and Construction
2.1. Save where provided in clause 2.2 or where the context otherwise requires, words and phrases
defined in the FSA Rules shall have the same meanings when used in these Terms.
2.2. The following words and phrases shall have the following meanings in the Terms:
“Act”
“Affiliates”
“Applicable Regulations”
“Assets”
“Base Currency”
“Business day”
“DVP”
“Exchange”
“FSA Rules”
“FSA”
means the Financial Services and Markets Act 2000, as amended from
time to time;
means any affiliated company (as defined in the FSA Rules);
has the meaning ascribed to it in Clause 5.1.1 the General Terms;
means cash and investment and related instruments;
means United States Dollars (USD);
means (a) any day other than Saturday, Sunday or a public holiday in
England on which commercial banks and Exchanges are open for
business; and (b) in relation to the payment of any sum denominated in
Russian rubles, any day other than Saturday, Sunday or a public
holiday in Russia on which commercial banks are open for business in
Moscow;
means delivery versus payment;
means each of those exchanges where we have agreed with you to
undertake Transactions in accordance with the Terms;
means the rules and guidance of the FSA from time to time as set out in
the FSA’s Handbook of Rules and Guidance
(http://www.fsa.gov.uk/Pages/handbook/);
means the Financial Services Authority of the United Kingdom;
1 These Terms are applicable to all Clients.
3