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By opening an account with JB Global Pty Ltd you agree to the following terms and conditions.
Service Provided
JB Global Pty Ltd provides dealing and advisory services for equities, warrants and options traded on ASX. These services are provided at different prices and on different terms and conditions.
All Services
The client agrees to be CHESS sponsored by JB Global clearing account and to open a Cash Management Account with an Australian Bank nominated by JB Global.
Authority
Where the client is a person he/she represents and warrants that he/she is over 18 years of age and has the necessary power and authority to place orders with JB Global.
The client acknowledges that JB Global acts as its agent and that the client acts as principle and not as agent for any other party.
The client acknowledges that where any account is opened in two or more names all such parties will be joint and severally liable and that any such party is authorised to provide instructions and where the client is a company that its directors agree to be held personally liable for its transactions.
The client undertakes to notify JB Global of any changes to its identity, address or personal particulars.
Account Opening
The client shall provide such information as is required by JB Global to open an account and shall provide such identification information as JB Global in its sole discretion considers necessary.
Where accounts are requested to be opened by telephone the client acknowledges that it cannot commence trading until JB Global is satisfied as to the clients identification and that such account is opened subject to these terms and conditions.
Payment
The client authorises JB Global to appropriate, transfer, credit, apply or pay monies that may received or held by the client or on the clients behalf (including but not limited to funds which may be held in the clients CMT) in payment of amounts that may be outstanding by the client to JB Global.
Subject to the SCH Rules JB Global shall have a general lien in respect to all securities and funds held by it for any outstanding sums owed by the client to JB Global.
Customer Usages
The client acknowledges and agrees that all orders placed with JB Global are placed subject to the customs, usages and practices of the ASX, the SCH Business Rules, ASX Business Rules and the conditions set out in each contract note issued in respect to each transaction.
Discretionary Trading Accounts (DTA)
A DTA is an account which JB Global designates to be a discretionary trading account, which is not intended to operate other than in accordance with JB Global discretionary trading rules and in respect to which the client has signed a discretionary trading application.
The client acknowledges that JB Global does not operate discretionary accounts on any basis other than DTA service and will not accept or be liable for discretionary orders on any other account.
Trading Generally
The client warrants that all orders placed and any trade conducted by it is lawful.
JB Global reserves the right not to accept and/or to remove without notice any order that it in its sole discretion considers may detract from an orderly market or which it believes is manipulative.
The client acknowledges that any order placed will remain open until cancelled by the client or purged by ASX SEATS.
The client acknowledges that JB Global does not accept responsibility for reinstating lapsed orders or for conducting the client to seek new instructions.
The client acknowledges that JB Global is not obligated to contact the client in circumstances that may be detrimental to the client for the purposes of obtaining new instructions.
Clearing and Settlement
The client acknowledges that JB Global utilises the third party clearing services of E-Trade Securities Ltd and that JB Global adopts between itself and the client those terms and conditions agreed between the client and E-Trade Securities Ltd where appropriate.
Where the client fails to settle on the due date for any reason whatsoever the client may be liable to pay a late settlement fee of $100 per day or 1% of the amount outstanding whichever is greater.
Fees and Charges
The client agrees to pay to JB Global on demand all fees, charges and amounts which may have been incurred in consequence of the clients instructions or by reason of the clients default under these Terms and Conditions, the ASX Business Rules, the SCH Rules or the Corporation Law including but not limited to interest on amounts outstanding as determined by JB Global in its sole discretion.
Indemnity & Disclaimer
The client agrees to indemnify and release JB Global, its employees, contractors and agents to the maximum extent possible at law in respect of all sums of money, actions, proceedings, suits, claims, demands, damages, or the like arising in any way whether directly or indirectly from the clients conduct, instructions, orders, default or acquiescence and acknowledges that JB Global accepts no liability for any loss or damage of any kind for any act it lawfully completed or for any loss resulting from delay disadvantage or misinterpretation of instructions or which may arise from the malfunction or disruption of any system or service upon which it relies.
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