This document provides contact and authorization details for Benjamin Swanepoel, a representative of Tribe Capital (Pty) Ltd, an authorized financial services provider. It includes Benjamin's qualifications, experience, product categories authorized to provide advice on, mandate details, remuneration details, and contact information for complaints. The document also includes a needs analysis and risk profile section assessing the client's investment needs, goals, portfolio, debt, emergency funds, and understanding of risks associated with trading derivatives and contracts for difference.
This document outlines important provisions for consultant selection and employment contracts between World Bank borrowers and consulting firms. Key provisions include:
- Currency for payment should be clearly stated and allow for multiple currencies.
- Price adjustment terms for contracts over 18 months to account for inflation.
- Payment schedules and procedures agreed upon during negotiations.
- Borrower contributions like staff and facilities must be defined.
- Conflict of interest and future work restrictions included.
- Professional liability addressed unless limited by applicable law.
- Staff substitution terms if original staff cannot complete the work.
- Applicable law and dispute resolution mechanism provided for in the contract.
This document discusses various Sharia issues and challenges related to synthetic commodity transactions. It provides an overview of Dar Al Istithmar and its services in Islamic finance consulting and monitoring. It then examines the growth of Islamic treasury markets and different types of commodity transactions over time. Key Sharia perspectives from AAOIFI and the International Council of Fiqh Academy on permissibility of tawarruq structures are presented.
Forward and futures contracts allow parties to lock in a price today for an asset to be purchased or sold in the future. Futures contracts are traded on exchanges and include margin requirements and daily price adjustments to account for price changes, while forward contracts are negotiated privately. These derivatives can be used to speculate by betting on price movements or to hedge and reduce risk from price changes in assets a party needs to buy or sell. The document compares using futures versus options for hedging and speculating purposes.
The document discusses ethics related to fee agreements and trust accounts for lawyers. It recommends that lawyers:
1) Have a written fee agreement that clearly outlines the scope of services and fees.
2) Maintain a client trust account to properly handle any client funds received in advance of performing legal work.
3) Be aware of potential scams and diligently supervise any delegation of responsibilities related to client money.
Fee agreements and properly using client trust accounts are important tools for lawyers to avoid ethical issues and protect clients.
The document discusses futures and forward contracts. It defines them as agreements between two parties where one party agrees to deliver an asset at a specified future date at a predetermined price. The key differences between futures and forwards are that futures contracts are traded on exchanges, standardized, and can be traded until maturity, while forwards are private agreements that are not standardized and typically held to delivery date. Futures allow for more liquidity and offsetting of positions compared to forwards.
Remedies available to an innocent party when there is a breach of contract are
1) Rescission of contract;
2) Damages;
3) Specific performance
4) Injunction
5) Quantum Meriut
but for the purpose of answering the question, this slides covers on rescissions of contract and damages.
This document outlines important provisions for consultant selection and employment contracts between World Bank borrowers and consulting firms. Key provisions include:
- Currency for payment should be clearly stated and allow for multiple currencies.
- Price adjustment terms for contracts over 18 months to account for inflation.
- Payment schedules and procedures agreed upon during negotiations.
- Borrower contributions like staff and facilities must be defined.
- Conflict of interest and future work restrictions included.
- Professional liability addressed unless limited by applicable law.
- Staff substitution terms if original staff cannot complete the work.
- Applicable law and dispute resolution mechanism provided for in the contract.
This document discusses various Sharia issues and challenges related to synthetic commodity transactions. It provides an overview of Dar Al Istithmar and its services in Islamic finance consulting and monitoring. It then examines the growth of Islamic treasury markets and different types of commodity transactions over time. Key Sharia perspectives from AAOIFI and the International Council of Fiqh Academy on permissibility of tawarruq structures are presented.
Forward and futures contracts allow parties to lock in a price today for an asset to be purchased or sold in the future. Futures contracts are traded on exchanges and include margin requirements and daily price adjustments to account for price changes, while forward contracts are negotiated privately. These derivatives can be used to speculate by betting on price movements or to hedge and reduce risk from price changes in assets a party needs to buy or sell. The document compares using futures versus options for hedging and speculating purposes.
The document discusses ethics related to fee agreements and trust accounts for lawyers. It recommends that lawyers:
1) Have a written fee agreement that clearly outlines the scope of services and fees.
2) Maintain a client trust account to properly handle any client funds received in advance of performing legal work.
3) Be aware of potential scams and diligently supervise any delegation of responsibilities related to client money.
Fee agreements and properly using client trust accounts are important tools for lawyers to avoid ethical issues and protect clients.
The document discusses futures and forward contracts. It defines them as agreements between two parties where one party agrees to deliver an asset at a specified future date at a predetermined price. The key differences between futures and forwards are that futures contracts are traded on exchanges, standardized, and can be traded until maturity, while forwards are private agreements that are not standardized and typically held to delivery date. Futures allow for more liquidity and offsetting of positions compared to forwards.
Remedies available to an innocent party when there is a breach of contract are
1) Rescission of contract;
2) Damages;
3) Specific performance
4) Injunction
5) Quantum Meriut
but for the purpose of answering the question, this slides covers on rescissions of contract and damages.
This 4-page document is a sub-fee protection agreement between Group Global Company and a paymaster to pay commissions for the sale of grey Portland cement. It outlines that commissions will be paid per metric ton to the paymaster upon delivery and payment for each shipment over 12 months. The paymaster will then transfer the commissions to specified intermediaries. The agreement protects the commissions by requiring payment without deductions and resolving disputes through arbitration. It also prevents circumventing each other for future transactions and allows electronic signatures.
Purple24 is a crowdfunding platform that allows individuals to obtain loans secured by Dutch property. Borrowers can receive up to 75% of the appraised value of a property. Loans are offered for 5 years but borrowers have flexibility to refinance within 30 months. Interest rates can be fixed or floating. The platform provides anonymity during the quotation process but borrower identity is revealed upon securing a loan. Guarantees include the borrower's income, loan-to-value ratio, and personal liability.
This document defines a contract and outlines key concepts in contract law including offer and acceptance, consideration, duties and enforcement, and defenses. It explains that a contract is a legally binding promise, and covers topics such as what constitutes a valid offer, how acceptance forms a contract, the need for consideration on both sides, the concept of substantial performance of duties, remedies for breach such as damages and specific performance, and defenses that can make a contract void like unconscionability, fraud, duress, and illegality.
1. There are different types of agents based on their authority and functions, including universal agents, general agents, special agents, del credere agents, factors, brokers, and auctioneers.
2. An agency can be created through express appointment, implied appointment, ratification by the principal, necessity, or estoppel/holding out.
3. Duties of an agent include obeying the principal's instructions, exercising care and diligence, not having conflicting interests, not making secret profits, and not disclosing confidential information. An agency terminates through mutual consent, unilateral revocation/renunciation with reasonable notice, or by operation of law such as death, bankruptcy or the agency becoming unlawful.
The document discusses legal and commercial mortgages under Omani law. It explains that a legal mortgage involves creating a charge over immovable property, which is perfected by registration with the Ministry of Housing. A commercial mortgage creates a charge over movable assets and is perfected by registration with the Ministry of Commerce and Industries. The document outlines the requirements for creating, registering, and enforcing both types of mortgages. It also addresses taking multiple mortgage charges over a single asset and the priority of such charges.
High-low arbitration allows parties to agree in advance to a maximum and minimum potential award amount. If the arbitrator's award is above the maximum, it is adjusted downward, and if below the minimum, it is adjusted upward. This provides certainty for both parties. High-low arbitration works best when parties' positions are not too far apart, allowing them to narrow the range through mediation or conditional offers before proceeding to arbitration. A conditional offer is one where acceptance resets the negotiation brackets, helping parties further narrow the gap. An example high-low arbitration agreement outlines the process.
#How to Draft International Sales Contracts# By SN PanigrahiSN Panigrahi, PMP
#How to Draft International Sales Contracts# By SN Panigrahi,
Essenpee Business Solutions,
International Sales Contract,
Essentials Elements of a Valid Contract,
Export Contract,
UNIDROIT Principles of International Commercial Contracts,
ITC MODEL CONTRACT FOR THE INTERNATIONAL COMMERCIAL SALE OF GOODS
This document discusses the accounting treatment of embedded derivatives under IFRS 9. It provides guidance on:
- When an embedded derivative must be separated from its host contract and accounted for separately.
- Examples of common embedded derivatives like interest rate floors and caps, foreign currency features, and equity-linked features.
- How to determine if an embedded derivative is closely related to the host contract or requires separate accounting.
- The accounting for multiple embedded derivatives within a single hybrid contract.
International trade-dictionary-online-glossaryAnthonyHendra
This document defines over 2000 key terms related to international trade across eight categories. It provides precise definitions for each term and explains their common usage context. An annex also includes common acronyms and abbreviations found in international trade documents. The dictionary is a comprehensive glossary for international business and trade terminology.
The document discusses various classifications and remedies for breach of contract under Indian contract law. It defines valid, void, and voidable contracts and explains how contracts can be classified based on validity, formation, performance, and other factors. It also discusses different types of damages that can be awarded in cases of breach, including ordinary, special, exemplary, and nominal damages. The duty of the injured party to mitigate damages is also summarized.
This document provides an overview of the crowdfunding platform Purple24, which allows investors to lend money for mortgage-backed loans in the Netherlands. Key features include:
1. Investors can choose between fixed-rate and floating-rate loans that are secured by Dutch property mortgages and have a term of 5 years.
2. The platform provides transparency into loan details, borrower information, and monthly statements. Purple24 also handles loan servicing, collections, and enforcing guarantees.
3. Loans are backed by guarantees including mortgages up to 75% of property value and borrower liability. Purple24 acts as trustee to manage guarantees and payments.
Contract Law II Group Assignment PresentationTineshvaar
The document summarizes a group assignment presentation on the principle of remoteness of damages in contract law. It discusses key cases like Hadley v Baxendale, Victoria Laundry v Newman Industries Ltd, and Malaysian cases. Section 74 of the Contract Act 1950 adopts the two-limb rule from Hadley v Baxendale. Remoteness limits compensatory damages to losses naturally arising from the breach or contemplated by the parties.
"You can download this product from SlideTeam.net"
Make an initial offer to amalgamate with another company by utilizing our Strategic Alliance Proposal PowerPoint Presentation Slides. Buy a business and easily communicate your intent by making use of this pre-designed business acquisition proposal PPT presentation. Explore a potential transaction and present it in front of the target company to build a more competitive organization. Lay down a strong foundation to strike a deal by presenting yourself with this predesigned M&A proposal PPT layout. Take the assistance of this professional-looking PPT theme to describe the various benefits of strategically consolidating with your organization. This sample letter of intent PowerPoint complete deck can help entrepreneurs make a compelling business offer to the target company that they cannot refuse. Additionally, it is a very resourceful tool to help increase your market share along with the profits that is the primary aim of every organization. Outline the formation process of the acquired entities here to maintain full transparency. Elaborate more on the formation process and explain the basic transactions to your potential target company by incorporating this professionally designed sample to take over a business PPT. Also, take advantage of this PPT layout to help your management team accomplish various goals. Make use of this merger and acquisition PowerPoint complete deck to delegate various roles and responsibilities to your team and present a list of them here. Present a brief about the negotiating rights of your company along with due diligence, entirety, dispute resolution, and other important components. Additionally, you can also make use of this PPT visual to meet your staffing and retention needs when the integration is under process. So, grab this attractive and practical PowerPoint graphic by clicking on the download button now. https://bit.ly/3FGhOsU
What Is Contract?, Formation of Indian Contract Act, Agreement,Offer or Proposal, TYPES OF OFFER, Acceptance, Capacity, Minors, Unsound Mind, Consideration, Consent, Legal Object, Void Agreement, Discharge of Contract, Remedies for breach of contracts, Contingent Contract, Contract of Indemnity, Essential elements of a contract of indemnity , RIGHTS OF INDEMNITY HOLDER, Contract of Guarantee, Essential elements of a contract of Guarantee, CONTRACT OF BAILMENT, Essential elements of a contract of Bailment, MODES OF DELIVERY
A contract creates rights and obligations for the parties involved. When all obligations under a contract have been fulfilled, the contract terminates. If a party fails to perform their obligations under the contract or refuses to do so, it results in a breach of contract. There are two types of breach: actual breach, where a party fails to fulfill their promise; and anticipatory breach, where a party indicates before the time for performance that they will not fulfill their obligations. When a breach occurs, the wronged party is known as the aggrieved party and has several legal remedies available to them, including rescinding the contract, suing for damages or specific performance, seeking an injunction, or claiming compensation on a quantum meruit basis
This document discusses remedies for breach of contract, including rescission, damages, quantum meruit, specific performance, and injunction. It defines each remedy and provides examples. Rescission allows a party to treat a contract as void after a breach. Damages provide monetary compensation for losses from a breach. Quantum meruit applies when partial performance justifies compensation. Specific performance requires literal fulfillment of contract obligations. Injunctions enforce negative contract terms.
Explanation of how borrowing works in a SMSF to purchase a propertyBill Rainger
Multiport offers an SMSF gearing package that allows SMSFs to borrow money to purchase residential or commercial property. The package establishes a limited recourse loan structure and security trust to hold the property. It includes all required documentation and ongoing administration and compliance support. Costs range from $3,035 to $3,380 to establish depending on if a new SMSF is set up. Ongoing annual administration starts at $1,850 or daily administration starts at $160 per month. The package simplifies the complex process of an SMSF borrowing to invest in property.
This document discusses the importance of caring for the environment and keeping our planet clean. It notes that we should treat the earth as being on loan from our children rather than inherited from our parents. The final message is that if everyone does their part, the world can be saved by recovering, reducing, reusing, and recycling.
La Unión Europea ha propuesto un nuevo paquete de sanciones contra Rusia que incluye un embargo al petróleo. El embargo prohibiría las importaciones de petróleo ruso por mar y por oleoducto, aunque se concederían exenciones temporales a Hungría y Eslovaquia. Este sexto paquete de sanciones de la UE pretende aumentar la presión económica sobre Rusia para que ponga fin a su invasión de Ucrania.
This document introduces Schubert Fabian Cáceres Mazza, a 12-year-old Uruguayan student at Malvín Norte Technical school in Montevideo, Uruguay. It provides details about his favorite color (black), number (7), music (cumbia), singer (Nicky Jam), sport (football team Nacional), actor (Arnold Schwarzenegger), movie (Terminator), school subject (English), and animal (lion).
This 4-page document is a sub-fee protection agreement between Group Global Company and a paymaster to pay commissions for the sale of grey Portland cement. It outlines that commissions will be paid per metric ton to the paymaster upon delivery and payment for each shipment over 12 months. The paymaster will then transfer the commissions to specified intermediaries. The agreement protects the commissions by requiring payment without deductions and resolving disputes through arbitration. It also prevents circumventing each other for future transactions and allows electronic signatures.
Purple24 is a crowdfunding platform that allows individuals to obtain loans secured by Dutch property. Borrowers can receive up to 75% of the appraised value of a property. Loans are offered for 5 years but borrowers have flexibility to refinance within 30 months. Interest rates can be fixed or floating. The platform provides anonymity during the quotation process but borrower identity is revealed upon securing a loan. Guarantees include the borrower's income, loan-to-value ratio, and personal liability.
This document defines a contract and outlines key concepts in contract law including offer and acceptance, consideration, duties and enforcement, and defenses. It explains that a contract is a legally binding promise, and covers topics such as what constitutes a valid offer, how acceptance forms a contract, the need for consideration on both sides, the concept of substantial performance of duties, remedies for breach such as damages and specific performance, and defenses that can make a contract void like unconscionability, fraud, duress, and illegality.
1. There are different types of agents based on their authority and functions, including universal agents, general agents, special agents, del credere agents, factors, brokers, and auctioneers.
2. An agency can be created through express appointment, implied appointment, ratification by the principal, necessity, or estoppel/holding out.
3. Duties of an agent include obeying the principal's instructions, exercising care and diligence, not having conflicting interests, not making secret profits, and not disclosing confidential information. An agency terminates through mutual consent, unilateral revocation/renunciation with reasonable notice, or by operation of law such as death, bankruptcy or the agency becoming unlawful.
The document discusses legal and commercial mortgages under Omani law. It explains that a legal mortgage involves creating a charge over immovable property, which is perfected by registration with the Ministry of Housing. A commercial mortgage creates a charge over movable assets and is perfected by registration with the Ministry of Commerce and Industries. The document outlines the requirements for creating, registering, and enforcing both types of mortgages. It also addresses taking multiple mortgage charges over a single asset and the priority of such charges.
High-low arbitration allows parties to agree in advance to a maximum and minimum potential award amount. If the arbitrator's award is above the maximum, it is adjusted downward, and if below the minimum, it is adjusted upward. This provides certainty for both parties. High-low arbitration works best when parties' positions are not too far apart, allowing them to narrow the range through mediation or conditional offers before proceeding to arbitration. A conditional offer is one where acceptance resets the negotiation brackets, helping parties further narrow the gap. An example high-low arbitration agreement outlines the process.
#How to Draft International Sales Contracts# By SN PanigrahiSN Panigrahi, PMP
#How to Draft International Sales Contracts# By SN Panigrahi,
Essenpee Business Solutions,
International Sales Contract,
Essentials Elements of a Valid Contract,
Export Contract,
UNIDROIT Principles of International Commercial Contracts,
ITC MODEL CONTRACT FOR THE INTERNATIONAL COMMERCIAL SALE OF GOODS
This document discusses the accounting treatment of embedded derivatives under IFRS 9. It provides guidance on:
- When an embedded derivative must be separated from its host contract and accounted for separately.
- Examples of common embedded derivatives like interest rate floors and caps, foreign currency features, and equity-linked features.
- How to determine if an embedded derivative is closely related to the host contract or requires separate accounting.
- The accounting for multiple embedded derivatives within a single hybrid contract.
International trade-dictionary-online-glossaryAnthonyHendra
This document defines over 2000 key terms related to international trade across eight categories. It provides precise definitions for each term and explains their common usage context. An annex also includes common acronyms and abbreviations found in international trade documents. The dictionary is a comprehensive glossary for international business and trade terminology.
The document discusses various classifications and remedies for breach of contract under Indian contract law. It defines valid, void, and voidable contracts and explains how contracts can be classified based on validity, formation, performance, and other factors. It also discusses different types of damages that can be awarded in cases of breach, including ordinary, special, exemplary, and nominal damages. The duty of the injured party to mitigate damages is also summarized.
This document provides an overview of the crowdfunding platform Purple24, which allows investors to lend money for mortgage-backed loans in the Netherlands. Key features include:
1. Investors can choose between fixed-rate and floating-rate loans that are secured by Dutch property mortgages and have a term of 5 years.
2. The platform provides transparency into loan details, borrower information, and monthly statements. Purple24 also handles loan servicing, collections, and enforcing guarantees.
3. Loans are backed by guarantees including mortgages up to 75% of property value and borrower liability. Purple24 acts as trustee to manage guarantees and payments.
Contract Law II Group Assignment PresentationTineshvaar
The document summarizes a group assignment presentation on the principle of remoteness of damages in contract law. It discusses key cases like Hadley v Baxendale, Victoria Laundry v Newman Industries Ltd, and Malaysian cases. Section 74 of the Contract Act 1950 adopts the two-limb rule from Hadley v Baxendale. Remoteness limits compensatory damages to losses naturally arising from the breach or contemplated by the parties.
"You can download this product from SlideTeam.net"
Make an initial offer to amalgamate with another company by utilizing our Strategic Alliance Proposal PowerPoint Presentation Slides. Buy a business and easily communicate your intent by making use of this pre-designed business acquisition proposal PPT presentation. Explore a potential transaction and present it in front of the target company to build a more competitive organization. Lay down a strong foundation to strike a deal by presenting yourself with this predesigned M&A proposal PPT layout. Take the assistance of this professional-looking PPT theme to describe the various benefits of strategically consolidating with your organization. This sample letter of intent PowerPoint complete deck can help entrepreneurs make a compelling business offer to the target company that they cannot refuse. Additionally, it is a very resourceful tool to help increase your market share along with the profits that is the primary aim of every organization. Outline the formation process of the acquired entities here to maintain full transparency. Elaborate more on the formation process and explain the basic transactions to your potential target company by incorporating this professionally designed sample to take over a business PPT. Also, take advantage of this PPT layout to help your management team accomplish various goals. Make use of this merger and acquisition PowerPoint complete deck to delegate various roles and responsibilities to your team and present a list of them here. Present a brief about the negotiating rights of your company along with due diligence, entirety, dispute resolution, and other important components. Additionally, you can also make use of this PPT visual to meet your staffing and retention needs when the integration is under process. So, grab this attractive and practical PowerPoint graphic by clicking on the download button now. https://bit.ly/3FGhOsU
What Is Contract?, Formation of Indian Contract Act, Agreement,Offer or Proposal, TYPES OF OFFER, Acceptance, Capacity, Minors, Unsound Mind, Consideration, Consent, Legal Object, Void Agreement, Discharge of Contract, Remedies for breach of contracts, Contingent Contract, Contract of Indemnity, Essential elements of a contract of indemnity , RIGHTS OF INDEMNITY HOLDER, Contract of Guarantee, Essential elements of a contract of Guarantee, CONTRACT OF BAILMENT, Essential elements of a contract of Bailment, MODES OF DELIVERY
A contract creates rights and obligations for the parties involved. When all obligations under a contract have been fulfilled, the contract terminates. If a party fails to perform their obligations under the contract or refuses to do so, it results in a breach of contract. There are two types of breach: actual breach, where a party fails to fulfill their promise; and anticipatory breach, where a party indicates before the time for performance that they will not fulfill their obligations. When a breach occurs, the wronged party is known as the aggrieved party and has several legal remedies available to them, including rescinding the contract, suing for damages or specific performance, seeking an injunction, or claiming compensation on a quantum meruit basis
This document discusses remedies for breach of contract, including rescission, damages, quantum meruit, specific performance, and injunction. It defines each remedy and provides examples. Rescission allows a party to treat a contract as void after a breach. Damages provide monetary compensation for losses from a breach. Quantum meruit applies when partial performance justifies compensation. Specific performance requires literal fulfillment of contract obligations. Injunctions enforce negative contract terms.
Explanation of how borrowing works in a SMSF to purchase a propertyBill Rainger
Multiport offers an SMSF gearing package that allows SMSFs to borrow money to purchase residential or commercial property. The package establishes a limited recourse loan structure and security trust to hold the property. It includes all required documentation and ongoing administration and compliance support. Costs range from $3,035 to $3,380 to establish depending on if a new SMSF is set up. Ongoing annual administration starts at $1,850 or daily administration starts at $160 per month. The package simplifies the complex process of an SMSF borrowing to invest in property.
This document discusses the importance of caring for the environment and keeping our planet clean. It notes that we should treat the earth as being on loan from our children rather than inherited from our parents. The final message is that if everyone does their part, the world can be saved by recovering, reducing, reusing, and recycling.
La Unión Europea ha propuesto un nuevo paquete de sanciones contra Rusia que incluye un embargo al petróleo. El embargo prohibiría las importaciones de petróleo ruso por mar y por oleoducto, aunque se concederían exenciones temporales a Hungría y Eslovaquia. Este sexto paquete de sanciones de la UE pretende aumentar la presión económica sobre Rusia para que ponga fin a su invasión de Ucrania.
This document introduces Schubert Fabian Cáceres Mazza, a 12-year-old Uruguayan student at Malvín Norte Technical school in Montevideo, Uruguay. It provides details about his favorite color (black), number (7), music (cumbia), singer (Nicky Jam), sport (football team Nacional), actor (Arnold Schwarzenegger), movie (Terminator), school subject (English), and animal (lion).
Le K learning est le cours en ligne de la monnaie COOPEK. Il vous permettra de mieux comprendre le fonctionnement de cette nouvelle monnaie complémentaire numérique.
Amruta R. Lohar has over 4 years of experience as a PCB design engineer. She has designed multilayer analog and digital circuit boards up to 6 layers for automotive clients like Audi, Volkswagen, and Tata. Her experience includes schematic design in Cadence, board layout, gerber file creation, and releasing designs and bills of materials in SAP. She holds a B.E. in Electronics and has worked for companies in automotive, defense, and power electronics industries.
Las leyes de Educación España y el día a día educativo de un profesor. 2016josefermin
La experiencia es madre de la ciencia, suele decirse. Por eso, confrontamos la experiencia didáctica de un profesor de Geografía, Historia y Economía, ante la decisión del Sr. Ministro de Educación del Gobierno de España que, en la aplicación de la LOMCE, va a tirar de hecho por la borda muchos años de trabajo acumulado en la Didáctica de la Geografía de 2º de Bachillerato o preuniversitario. .
This document contains a series of math exercises involving writing out numbers, years, decimals, percentages, ordinals, and dates in words. The exercises cover skills like writing out numbers with digits and words, writing out years, decimals and percentages, ordinals, and dates in different date formats. The exercises are broken into 11 sections with increasing levels of complexity.
El imperio inca de la América precolombinajosefermin
El joven autor que ha trabajado sobre esta maravillosa cultura localizada en el mundo andino del actual Perú, ofrece una síntesis divulgativa del Imperio y cultura Incas: la sociedad, la economía, las tradiciones, el prodigio de su arquitectura civil y religiosa, la escritura y música, la religión natural, los elementos técnicos y científicos y otros aspectos destacados. El alumno que ha elaborado este trabajo ha tenido el arte de saber adecuar un contenido complejo y vasto al auditorio de su edad. Este trabajo de divulgación, con abundantes imágenes tomadas de la Red, puede profundizarse con la bibliografía que aporta al final. Ante este maravilloso mundo andino con sus dramáticas limitaciones, la aportación de la obra civilizadora de España y sobre todo la religión católica dará origen a un nuevo mundo de mestizaje, de síntesis y de un mayor progreso y esperanzado.
Estrategias didácticas de problemas de proporcionalidad y funciones con énfas...GERARDO RODRIGUEZ VEGA
Este documento presenta estrategias didácticas para enseñar conceptos de proporcionalidad y funciones con énfasis en porcentaje. Incluye 10 actividades que guían a los maestros participantes a través de problemas de valor faltante, tablas de proporcionalidad, descuentos y ofertas para que desarrollen su comprensión de estas ideas matemáticas fundamentales y diseñen lecciones efectivas para sus estudiantes. El objetivo general es que los maestros aprendan a utilizar herramientas como el valor unitario para ayudar
Dokumen tersebut membahas tentang penilaian sikap siswa di sekolah yang dilakukan oleh guru melalui observasi harian, jurnal, dan penilaian antar siswa. Penilaian sikap bertujuan untuk mengetahui kecenderungan perilaku spiritual dan sosial siswa. Hasil penilaian sikap berupa deskripsi yang memuat keberhasilan dan pembinaan sikap siswa.
Contracts for Difference (CFDs) allow investors to gain exposure to price movements in underlying assets without owning the assets. CFDs are agreements between two parties to exchange the difference in value of the underlying asset between when the contract was opened and closed. While CFDs provide flexibility to profit from rising or falling prices, they also carry substantial risks as losses can exceed deposits and positions may be closed without notice. Investors should understand the risks and ensure CFDs are suitable for their investment objectives before trading.
I/We offer Bank Guarantee only on lease, there are two types of bank guarantee which are Direct Bank Guarantee and Indirect Bank Guarantee. As well as DLC, LC SBLC, Its used as Bid Bond, Payment Guarantees, Letter of Indemnity, Guarantee Securing Credit Line, Advance Payment Guarantees, Performance Bond Guarantee E.T.C.
Barclays Bank London, Deutsche Bank AG Frankfurt BG and SBLC Available for leaseHansWippel
This document is offering to provide financing through various financial instruments such as bank guarantees, letters of credit, and loans. It describes the types of instruments available such as BG/SBLC ranging from 1 million to 10 billion euros/dollars with a leasing price of 5%+1% for one year. Intermediaries are welcome to bring clients and the document requests information on needs and interests in purchasing instruments.
I can deliver leased instruments to Organisations or individuals with their preferred text verbiage as been approved by their bankers. We also offer sales option to interested buyers. Our terms and procedures are so flexible and workable by RWA clients. Our lease rate is (5)%+x%. X% IS Lessee broker's Commission and he determines his commission. Also we have facilities to discount BG and Put you into PPP Trading.
I/We offer Bank Guarantee only on lease, there are two types of bank guarantee which are Direct Bank Guarantee and Indirect Bank Guarantee. As well as DLC, LC SBLC, Its used as Bid Bond, Payment Guarantees, Letter of Indemnity, Guarantee Securing Credit Line, Advance Payment Guarantees, Performance Bond Guarantee E.T.C.
Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.
Bank Instruments offer At a Every Low RatesHansWippel
This document advertises financial instruments like bank guarantees, letters of credit, and loans that can be used to fund projects or businesses. It provides details on the types of instruments available like their value ranging from 1 million to 10 billion euros/dollars, issuance through AAA rated prime banks, and a leasing price of 5%+1%=6%. Contact information is provided for those interested in purchasing these instruments or seeking more information.
This document discusses how to invest in private placement programs and high yield investment programs through trading platforms. It provides details on the types of programs available, including those involving millions of euros that trade bank instruments like MTNs to generate profits. Key points are that funds remain in the client's control and are not traded or used as collateral, ensuring zero risk to the investor. Required documents include KYC verification and bank statements to participate.
- The portfolio report provides a summary of the account holder's investment holdings as of March 31, 2015, including current and prior month values and performance metrics. The portfolio is comprised primarily of stocks (96.1%) with a current total value of $185.87.
- During the reporting period, the overall portfolio value decreased by $172.53 or 48.1% from the prior month. This was largely driven by a $356.87 decrease in the value of mutual funds held.
- Cash activity for the period included $240.57 in securities purchased and $357.08 in securities sold, resulting in a closing cash balance of -$7.92. Dividend income of $1.
1. The document provides information about account statements for TD Ameritrade clients, including details on portfolio reports, account activity summaries, cash services transactions, and positions held.
2. Key sections of the portfolio report are summarized, including summaries of the portfolio value, asset allocation, account activity, income and expenses, and performance metrics.
3. Important disclosures are provided regarding account protection, tax reporting, cost basis reporting, margin agreements, and current security valuations.
- The portfolio report provides a summary of the account holder's investment holdings as of March 31, 2015, including current and prior month values and performance metrics. The portfolio is comprised primarily of stocks (96.1%) with a current total value of $185.87.
- During the reporting period, the overall portfolio value decreased by $172.53 or 48.1% compared to the prior month. This was largely driven by a $356.87 decrease in the value of mutual funds held.
- Cash activity for the period included $240.57 of securities purchased and $357.08 sold, resulting in a closing cash balance of -$7.92. Dividend income of $1.12 was
- The portfolio report provides a summary of the account holder's investment holdings as of March 31, 2015, including current and prior month values and performance metrics. The portfolio is comprised primarily of stocks (96.1%) with a current total value of $185.87.
- During the reporting period, the overall portfolio value decreased by $172.53 or 48.1% compared to the prior month. This was largely driven by a $356.87 decrease in the value of mutual funds held.
- Cash activity for the period included $240.57 of securities purchased and $357.08 sold, resulting in a closing cash balance of -$7.92. Dividend income of $1.12 was
This document outlines several trade and investment programs with high daily or weekly returns and short terms from 30 days to 1 year. A minimum investment of 2 million euros is required for one option, while another allows raising $25 million through a credit line. Documentation required for consideration includes proof of funds, passport, and client information. The provider is based in the US and has been operating for over 20 years. Disclaimers note this is not a securities offering and information is confidential.
CFDs allow investors to benefit from price movements of underlying assets like stocks without owning the actual asset. Investors can gain exposure to price rises or falls by going "long" or "short" on a CFD. CFDs offer leverage, allowing investors to control large positions with just a fraction of the money required to own the underlying asset. While CFDs provide flexibility, leverage can also work against investors if prices move against their position.
Merchant bankers must register with SEBI and are classified into 4 categories. They play an important role in public issues by furnishing information, maintaining books, and acting as an intermediary between the issuing company and authorities. They are also involved in loan syndication, underwriting, and advising companies. Merchant bankers must abide by SEBI's code of conduct regarding integrity, quality service, fair practices, best advice, secrecy, and compliance. Actions can be taken against merchant bankers for non-compliance.
The document discusses derivatives markets in Nepal. It defines different types of derivatives like futures, options, swaps and forwards. It describes the key parties involved in derivatives trading like clients, brokers, and clearing houses. It provides an overview of the history and development of derivatives exchanges in Nepal. Some challenges of the Nepalese derivatives market mentioned include lack of regulation, expertise and awareness.
Trade-Orders - Retail Contracts for DifferenceRicardo Ionescu
CFDs allow traders to speculate on the prices of various financial instruments without owning the underlying asset. CFDs offer leverage, allowing traders to gain exposure to price movements with a small initial margin deposit. However, leverage also increases the risk of losses. Traders must be prepared to deposit additional funds at short notice to maintain their margin balances if prices move against their positions. While CFDs provide traders flexibility to go long or short, their unregulated OTC nature means traders have counterparty risk to the CFD provider. Strong risk management including stop losses is important when trading CFDs given their inherent risks.
First home buyers Victoria, Australia Feb 2020Michael Royal
This document provides information for first home buyers on various finance options available. It discusses property-backed secured loans, asset-backed secured loans, and unsecured loans available through BIR Solutions. It also defines key terminology like LVR and LMI. The document provides an overview of assistance available for first home buyers in Victoria including grants, stamp duty exemptions, the First Home Super Saver Scheme, and the First Home Loan Deposit Scheme. Tips are provided on saving for a deposit, getting pre-approval, and choosing a reputable broker to assist with the financing process.
A seminar was held on the 1st of March in conjunction with EY, NSE and Eforexindia. This is the presentation by Religare as we promoted the exchange platform to corporates and the benefits associated with it.
Interpretation of Direct and Indirect tax was explained by EY while the fundamental changes effecting Exchange rate was broadly discussed by Mr. Soumya Dutta, CEO EFOREXINDIA.
FIEO have more than 24K exporters as their members across India, and the event was conducted in their Delhi HO. Shri Ajay Sahai, DG & CEO FIEO addressed the exporters on the important amendments in policies and new incentives to boost the declining Indian exports continuously past 14 months. The Exchange rate of Indian Rupee primarily against US Dollar was most crucial topic concerning all the exporters. Mr. Ankur Kapoor, Product Head Currency Religare Securities highlighted the key benefits of the exchange platform like market timing 9 Am to 5 Pm which is 9 Am to 4.30 PM in OTC. The price transparency and ease of execution of hedging even for transaction as low as 1000 $ are also few of the key features.
This document provides an introduction and overview of international trade finance. It discusses key principles such as knowing your partner and product. It also outlines various payment methods like letters of credit and documentary collections. The document aims to serve as a simple reference for those involved in international trade, such as importers, exporters, bankers and more. It emphasizes the importance of carefully negotiating payment terms in contracts to avoid delays in payment.
1. INITIAL HERE 1
Registration number: 2003/023565/07
Tribe Capital (Pty) Ltd is an Authorised Financial Services Provider - FSP 44995
This document serves as confirmation of the business particulars of
David Lamb - Key Individual & Representative of Tribe Capital (Pty) Ltd
Benjamin Swanepoel - Representative of Tribe Capital (Pty) Ltd (Under Supervision)
as required by the FAIS Act.
CONTACT DETAILS
Physical address:
Suite M2, Block C, Northlands Corner
Cnr New Market Rd & Witkoppen Rd
Northriding, 2169
Postal address:
Postnet 136, Private Bag X51
Rivonia
2128
Land line no: 010 350 5400
E-mail: benjamin@tribecapital.co.za
LEGAL STATUS Employed Key Individual & Representative
QUALIFICATIONS
BSc Honours Mathematics, Institute of Actuaries (UK),
Actuarial Society of South Africa
1st Level RE: Key Individuals, Representatives and Cat II Key
Individuals
EXPERIENCE 42 Years
Years’ experience in the Financial Services Industry Since 1964
Work related experience Since 1964
HOLDER OF PROFESSIONAL INDEMNITY INSURANCE YES
PRODUCT CATEGORIES
The mentioned intermediary is authorised to provide advice
and intermediary services on the following Category I
Product Categories:
Securities & Instruments : Shares
Securities & Instruments : Warrants certificates and other instruments
Securities & Instruments : Derivative Instruments
Short-term Deposits
MANDATE
SHORT-TERM TRADING IN DERIVATIVES AND SHARES
The mentioned intermediary is mandated via Tribe Capital
(Pty) Ltd to act as intermediary on behalf of the following
Companies:
RussellStone Agri /
Grainvest
Nedbank
Investec
Peregrine
Standard
Bank
Velocity
Earned > 30% of total Short term Trading commission for the previous year from: Velocity
Do not own > 10% of issued shares directly/indirectly in any Product Provider and are not an associated company of any Product Provider.
CONFLICT OF
INTEREST
This FSP has implemented a Conflict of Interest Management Policy. The FSP might on occasion receive
gifts/prizes from Service Providers, the details of which are contained in the Gifts Register and is available for
your perusal.
Prospective clients may or may not have invested in a technical analysis software package. Please note that
sellers of the said software or any introducer of business are not a representative of Tribe Capital.
REMUNERATION
COMMODITIES:
R 220.00 or less per contract.
REMUNERATION:
CFD’s
40 basis points of exposure per trade paid to the FSP and 10 basis points to Nedbank, Investec, Standard
Bank. 40 basis points of exposure per trade paid to the FSP and 10 basis points to Velocity. Minimum
brokerage = R50
REMUNERATION:
Shares
30 basis points of exposure per trade paid to the FSP and 20 basis points to the service provider. Minimum
brokerage = R150
COMPLAINTS Kindly direct all complaints in writing to the external compliance officer:
Germa Beukes on fax 086 691 5253 or germa@tenfour.co.za
FAIS OMBUDSMAN: PO Box 74571 Lynnwood Ridge, 0040; Tel: 012 470 9080; Fax: 012 348 3447; www.faisombud.co.za
FSB: PO Box 35655 MENLOPARK, 0102; Tel: 0800 20 20 87; Fax: 0800 11 04 43; www.fsb.co.za
JSE: P/Bag x 991 174, Sandton, 2146; Tel: 011 520 7000; info@jse.co.za; www.jse.co.za
PERSONAL PARTICULARS OF INTERMEDIARY
1
2. INITIAL HERE2
Kindly note that –
Broker: E-mail:
has been appointed as my trader and that I at my own discretion, have instructed him to advise me on potential trades in Contracts for
difference (CFD’s) and shares as part of a portfolio.
I, (Full names of client)
acknowledge that sound and proper trading and investing advice can only be provided with full disclosure of relevant information. In
this regard, I take note of the following:
• I do understand that the service offered is only relevant for short term trading, and that neither Tribe Capital nor its representative is
attempting to provide financial planning services.
• I understand that I need to consult an independent financial planner to advise me on the construction of my holistic investment
portfolio. Futures contracts and Contracts for difference (CFD’s) should constitute more than 5.00% - 10.00% of my total portfolio,
and shares should note constitute more than 50.00% of my total portfolio.
• I undertake to complete all relevant mandates / documents personally, and truthfully.
• In addition, I take note of all the relevant risks out lined in the document titled ‘Needs analysis and Risk profile for Investments’.
• I will do my own analysis before acting on the recommendation of the trader.
• It is the client’s responsibility to pay margin calls daily by 10:00 in the case of futures contracts. If this payment is not received by
10:00 positions will be closed to bring the account into line without contacting the client. In the case of CFD’s, the platform provider
may use an algorithm to determine margin calls in real time. If there is not sufficient cash in the account, positions may be closed in
real time to bring the account back into the risk parameters.
• If, for some reason, the trader regards me as a risky client, my initial margin requirement on futures contracts and CFD’s may be
doubled. This means that where the normal gearing factor may be 10 times, it may be decreased to five times in such a case.
[www.investopedia.com/terms/g/gearing ratio.asp - A general term describing a financial ratio that compares some form of owner’s
equity (or capital) to borrowed funds]
• I will provide certified copies of my Identity document (ID) and proof of physical address. I understand that only once these
documents together with all other original documents (mandate etc.) have been received by the trader, will he start giving advice.
BROKER DETAILS:
Postal Address Physical Address (For courier services)
Benjamin Swanepoel Benjamin Swanepoel
Postnet Box 136
Private Bag X51
Rivonia
South Africa
2128
Suite M2
Block C
Northlands Corner
Cnr New Market Rd & Witkoppen Rd
Northriding
2169
I/we further acknowledge that this consent to obtain information on my behalf, or the appointment of above advisor, will remain
effective until cancelled by me / us in writing.
CLIENT DETAILS:
Full names and Surname:
Telephone Number: ID number:
Physical Address: E-mail Address:
Client Signature Broker Signature
Benjamin Swanepoel benjamin@tribecapital.co.za
CLIENT AUTHORITY / BROKER APPOINTMENT
3. INITIAL HERE 3
Needs Analysis
For the purposes of this document we will assume the inflation percentage is: 6.00 %
BROKER DETAILS:
Client Name:
Date:
Age:
NEEDS ANALYSIS:
Lump Sum: R Thereafter the amounts will be determined by the variation margin
What is the origin of the funds?
INVESTMENT NEEDS AND GOALS: (Please indicate the applicable answers)
What is your main investment aim? Capital Growth Income from dividends
INVESTMENT PORTFOLIO:
Do you have any other investments? (If yes, please indicate type and amounts) Yes No
Type: Amount:
R
R
R
R
Total: R
DEBT:
Do you have any debt? (If yes, please indicate amounts) Yes No
Bond R
Vehicle Finance R
Other: R
Total: R
EMERGENCY FUND:
Do you have sufficient funds set aside to cover most emergencies? Yes No
If so, how much capital do you have available in case of an emergency? R
Client Signature Advisor Signature
NEEDS ANALYSIS AND RISK PROFILE FOR INVESTMENTS
4. INITIAL HERE4
Risk Profile
Trading in derivatives (http://en.wikipedia.org/wiki/Derivative_(finance)) can be risky. More specifically, futures contracts and contracts
for difference (CFD’s) are types of derivative instruments.
In finance, a futures contract (more colloquially, futures) is a standardized contract between two parties to buy or sell a specified asset
of standardized quantity and quality for a price agreed upon today (the futures price) with delivery and payment occurring at a specified
future date, the delivery date, making it a type of derivative instrument. The contracts are negotiated at a futures exchange, which acts
as an intermediary between the two parties. The party agreeing to buy the underlying asset in the future, the “buyer” of the contract, is
said to be “long”, and the party agreeing to sell the asset in the future, the “seller” of the contract, is said to be “short”.[1]
http://en.wikipedia.org/wiki/Futures_contract
In finance, a contract for difference (or CFD) is a contract between two parties, typically described as “buyer” and “seller”, stipulating
that the seller will pay to the buyer the difference between the current value of an asset and its value at contract time (If the difference
is negative, then the buyer pays instead to the seller). In effect CFDs are financial derivatives that allow traders to take advantage of
prices moving up (long positions) or prices moving down (short positions) on underlying financial instruments and are often used to
speculate on those markets. (http://en.wikipedia.org/wiki/Contract_for_difference)
The following risks are inherent in CFD’s (See above Wikipedia link) and to an extent in normal share trading:
1. COUNTERPARTY RISK
Counterparty risk is associated with the financial stability or solvency of the counterparty to a contract. In the context of CFD
contracts, if the counterparty to a contract fails to meet their financial obligations, the CFD may have little or no value regardless of
the underlying instrument. This means that if Velocity Trading/Tribe Capital is liquidated, clients can lose all their money. (This risk is
not relevant when trading futures contracts through an exchange like Safex / JSE).
Do you understand and are you willing to take this risk? Yes No
2. MARKET RISK
The main risk is market risk as the contract is designed to pay the difference between the opening price and the closing price of the
underlying asset. Futures contracts and CFD’s are traded on margin, and the leveraging effect of this increases the risk significantly.
Margin rates are typically small and therefore a small amount of money can be used to hold a large position. It is this very risk that
drives the use of commodity futures contracts and CFD’s.
It is the client’s responsibility to pay margin calls daily by 10:00 in the case of futures contracts. If this payment is not received by
10:00 positions will be closed to bring the account into line without contacting the client.
In the case of CFD’s, the platform provider may use an algorithm to determine margin calls in real time. If there is not sufficient cash
in the account, positions may be closed in real time to bring the account back within the risk parameters.
Do you understand and are you willing to take this risk? Yes No
3. LIQUIDATION RISK
If prices move against open futures contracts and CFD position additional variation margin is required to maintain the margin level.
The CFD provider may call upon the party to deposit additional sums to cover this, and in fast moving markets this may be at short
notice. If funds are not provided in time, the futures trading house / CFD provider may close/liquidate the positions at a loss for which
the other party (client) is liable.
Do you understand and are you willing to take this risk? Yes No
4. LOSS OF CAPITAL RISK
When trading futures contracts and CFD’s it is possible to lose more money that one deposited into the account. This is because of
the variation margin mentioned in (3) above.
Do you understand and are you willing to take this risk? Yes No
Other risks/realities that client needs to understand:
5. OTHER RISKS
It is estimated that 80% of short term traders (i.e. that hold positions for less than six months) lose money. This means that the odds
of making money for new entrants are not very good.
Do you understand and are you willing to take this risk? Yes No
5. INITIAL HERE 5
6. OTHER RISKS
A diversified futures contracts / CFD portfolio consists of at least 15 futures contracts / CFD’s. This means that if there are less
futures contracts / CFD’s in a portfolio, it significantly increases the risk. This would imply that to construct a diversified futures
contract / CFD portfolio an investor should invest / start the account with at least R 100 000.00 in initial capital.
Do you understand this risk and will you attempt to comply with this recommendation? Yes No
7. OTHER RISKS
As a general rule one should not put more than 5.00% - 10.00% of one’s total investments in derivative instruments (e.g. futures
contracts / CFD’s). (Other, lower risk instruments to invest in include shares and bonds). This is in order to limit the risks in one’s
total investments. Also, a diversified portfolio should not see more than 50% of one’s total portfolio exposed to shares.
Do you understand this risk and will you attempt to comply with this recommendation? Yes No
9. OTHER RISKS
Tribe Capital will attempt to provide clients with trading signals via electronic means. It is imperative that clients do their own analysis
by using their software programs which they invested in.
Do you understand and are you willing to take this risk? Yes No
10. LIFE CYCLE ANALYSIS
It is important to understand that there is an inverse correlation between investor / trader age and bearable investment / trade risk.
This means that younger investors/traders (i.e. 20 – 40 years of age) can take relatively more risk than investors / traders of a more
advanced age (i.e. 55 – and older). Younger investors/traders (i.e. 20 – 40 years of age) should thus not expose more than 5.00% -
10.00% of their total portfolio to derivative instruments (e.g. futures contracts / CFD’s), while investors / traders of a more advanced
age (i.e. 55 – and older) should not expose more than 5.00% of their total portfolio to derivative instruments (e.g. futures contracts
/ CFD’s). Younger investors should also not expose more than 50.00% of their total portfolio to shares, while investors of a more
advanced age should not expose more than 40.00% of their portfolio to shares.
Do you understand this recommendation and will you contact your Financial Planner to assist you
in this regard?
Yes No
ADDITIONAL INFORMATION REGARDING THE CLIENT’S NEEDS, OBJECTIVES AND/OR RISK PROFILE
Client Signature Advisor Signature
6. INITIAL HERE6
Client Name:
Date:
This agreement, read with the benefits, terms and conditions in the quotation, which is accepted by the client as well as any
additional terms and conditions that may be determined by the product supplier (futures contract exchange / short-term trading
platform), will represent the record of advice as required by the FAIS Act. The content will form the basis of the advice that was
provided by the provider in good faith, which is hereby accepted by the client.
CLIENT INSTRUCTION
(Please select the service you would like the advisor to provide)
Investment Needs Analysis (Limited to short-term trading)
Investment Advice
Limited Advice (If yes, please complete the section below)
Short-term Trading (i.e. a holding period of less than 6 months) by utilising futures contracts and contacts for difference (CFD’s)
Client Signature
LIMITED ADVICE: (Complete even though a Needs Analysis was done)
Focused advice (single need)
• Even though Tribe Capital has done an Investment Needs Analysis, the company is only providing Limited Advice. The advice is
limited to short term trading (i.e. a holding period of less than 6 months) in futures contracts and Contracts for Difference (CFD’s).
• You accept that there may be limitations on the appropriateness of the advice, as other needs or information have not been taken
into account.
• You therefore have to consider this advice based on your own objectives, financial situation and particular needs.
• It will therefore be prudent if you consult an independent financial advisor to advise you on Comprehensive Financial/Estate
Planning. As stated in the risk disclosure, you should not invest more than 10.00% of your total portfolio in futures contracts and
CFD’s, and not more than 50.00% of your total portfolio in shares.
DECLARATION FOR FOCUSED ADVICE
I understand that I should consider this advice based on my own objectives, financial situation and particular needs. Notwithstanding
the above advice, I confirm that I have in my own discretion, selected the following:
• Specific (limited) advice
Client Signature
DETAILS OF ADVICE AND SERVICE RENDERED
(Please select the service that the advisor provided)
Information collected
Investment Needs Analysis done
Risk Profile done
CLIENT INSTRUCTION AND ADVICE - AND INTERMEDIARY SERVICE AGREEMENT
7. INITIAL HERE 7
RECOMMENDATIONS
(The purpose for this is to reaffirm that Tribe Capital does not provide a financial planning service, and does therefore not address
the needs and shortcomings that might be identified in a Comprehensive Financial Needs Analysis)
Product/s: Futures contracts and Contracts for Difference (CFD’s) and Shares
Company/ies: Tribe Capital via the following companies: RussellStone Agri / Grainvest, Peregrine, Velocity, Nedbank, Standard Bank
Reasons for recommendations and additional information:
The client purchased a Trading Software Package which teaches and enables him/her to trade on the Johannesburg Stock
Exchange (including Safex) as well as other offshore instruments.
Tribe Capital was elected by the client to act as his/her broker. A Broker Appointment was signed by the client.
Tribe Capital only advises on the construction of futures contracts and Contracts for Difference (CFD’s) and Share portfolios.
An Investment Needs Analysis and Risk Profile were done. The client was advised that he/she should not invest more than 10.00%
of their total portfolio in futures contracts and CFD’s and not more than 50.00% of their total portfolio in shares. The reason why a
needs analysis was done, is only to ensure that a client does not invest more than 10.00% of his/her portfolio in futures contracts /
CFD’s and not more than 50.00% of his/her portfolio in shares.
The initial investment amount will be disclosed in the Investment Needs Analysis.
The client agreed to the following fee structure:
Shares:
Derivatives:
Tribe Capital will communicate with the client electronically after the initial investment was made and audit trail of all future
investments and communications will be kept.
Client Signature
Future service, next appointment:
As Tribe Capital does not provide a financial planning service, and the client will only deposit a small lump sum in his/her trading
account, the company will not be contacting the client from time to time to advise on financial planning. It is the responsibility of the
client to seek advice if there is a change in his/her financial situation. The appropriate action of the client should be to close all
short term trading accounts in futures contracts / CFD’s and shares if his/her financial situation has deteriorated.
DECLARATIONS
In view of the record-keeping requirements in terms of the Financial Advisory and Intermediary Services Act, no amendments or
variation of this agreement shall be effective, unless it is reduced to writing and signed by both parties. The Advisor undertakes to
give you a copy of this document.
Declaration by client:
1. I have received a copy of the disclosure document (broker certificate) from the advisor.
2. I understand the recommendation and the impact of my decision on my financial portfolio.
3. I have made an informed decision, as confirmed and accepted.
4. I will inform the broker if there are any substantial changes that may effect my financial portfolio.
5. The client agrees to pay the advisor an amount equivalent to any commission that may be
payable to the advisor as payment for the abovementioned services rendered. The correct
amount will be disclosed to the client by the advisor prior to the conclusion and implementation
of the financial transaction.
Declaration by advisor:
1. I have made all the disclosures in terms of FAIS, including fees and commission.
2. I have been licensed and accredited to sell the product as discussed and recommended.
Client signature Advisor Signature
INITIAL HERE
INITIAL HERE
8. INITIAL HERE8
DISCRETIONARY MANDATE
ENTERED INTO BETWEEN
Tribe Capital (Pty) Ltd
(Hereinafter referred to as TC)
AND
(Hereinafter referred to as the Client)
FOR THE RENDERING OF INTERMEDIARY SERVICES AND THE
MANAGEMENT OF INVESTMENTS BY A DISCRETIONARY FINANCIAL
SERVICES PROVIDER
9. INITIAL HERE 9
1. AUTHORISATION
1.1 Tribe Capital is the holder of a category II FSP license and is authorised to render intermediary services of a discretionary nature in
respect of investments schemes and products as defined in 1.3 below.
Tribe Capital and its representatives have been appointed as my discretionary trader. I have thus, at my own discretion, instructed
Tribe Capital to trade on my behalf. The company / it’s representatives therefore do not need to advise / contact me when trading
on my behalf.
1.2 Tick which is applicable:
1.2.1 __________________TC shall exercise its discretion in the management on behalf of the investor.
1.3 TC is authorised to invest in, and switch from any of the following financial products:
Category Sub Category Category Description
1 1 Long-Term Insurance : Category A
1 3 Long-Term Insurance : Category B1
1 20 Long-Term Insurance : Category B2
1 4 Long-Term Insurance : Category C
1 5 Retail Pension Benefits
1 7 Pension Funds Benefits (excluding retail)
1 8 Securities and Instruments :Shares
1 9 Securities and Instruments : Money market instruments
1 10 Securities and Instruments : Debentures and securitised debt
1 11 Securities and Instruments : Warrants, certificates and other instruments
1 12 Securities and Instruments : Bonds
1 13 Securities and Instruments : Derivative instruments
1 14 Participatory interests in Collective Investment Schemes
1 17 Deposits Defined in the Banks Act - exceeding 12 months
1 18 Deposits defined in the Banks act - 12 months or less
2 1 Long-Term Insurance : Category B1
2 16 Long-Term Insurance : Category B2
2 2 Long-Term Insurance : Category C
2 3 Retail Pension Benefits
2 4 Pension Funds Benefits (excluding retail pension benefits)
2 5 Securities and Instruments : Shares
2 6 Securities and Instruments : Money market instruments
2 7 Securities and Instruments : Debentures and securitised debt
2 8 Securities and Instruments : Warrants, certificates and other instruments
2 9 Securities and Instruments : Bonds
2 10 Securities and Instruments : Derivative instruments
2 11 Participatory interests in Collective Investment Schemes
2 13 Long-term Deposits
2 14 Short-term Deposits
1.4 Investment products and portfolios will be applied and signed for by the client on the applicable initial investment application forms.
TC shall have full discretion pertaining to the process of managing the client’s investments and shall not need to obtain instructions
from the Client before entering into a transaction on behalf of the Client agreed to in terms of this mandate, taking the client’s risk
profile and investment objectives into account as provided by the client. TC will invest in and switch the investments within the
chosen portfolio/s. TC may also switch between portfolios, at the request of the client, or at its own discretion.
WHEREBY IT IS AGREED
10. INITIAL HERE10
1.5 TC will have full discretion in terms of this mandate to manage the Investor’s portfolio applicable to both local and off-shore
jurisdictions unless the client indicates in writing that only the local jurisdiction applies. Should the client wish to exclude any of the
above investment instruments it should be so indicated in writing.
1.6 TC may make use of the services of its staff, or that of other approved FSP’s, to execute certain administrative functions in the
course of rendering intermediary services to the client.
2. INVESTMENT OBJECTIVES
The investment objectives are specified as follows:
Long term (5 years or longer)
Capital growth
Income generation
Medium (2 to 5 years)
Capital growth
Income generation
Short Term (3 months to 2 years)
Capital Growth
Income Generation
Risk Preference*
*(Risk profile is determined considering the current set of information and circumstances of the Client but may change as the
circumstances of the Client change)
The following jurisdiction restrictions apply to the management of the above investments:
;
The following investment restrictions apply to the management of the above investments:
;
The following special instructions apply to the management of the above investments:
.
3. STATEMENTS
TC will instruct the relevant product suppliers (e.g. Velocity Trade and Nedbank Capital) to provide the prescribed products such
as statements and performance reports on a daily basis to clients. Physical statements by Tribe Capital and its partners / product
suppliers will only be provided on request.
Clients will also be able to generate their statements when they log onto the respective trading platform.
4. RISK DISCLOSURE
4.1 TC uses its discretion to invest on the client’s behalf with great care and diligence. There is a risk associated however with
investing in the financial products involved. The value of the investments and income may rise as well as fall, and there is a
risk that the client may suffer substantial financial losses. When trading derivatives, a client may be liable for more than the
initial capital deposited into their trading accounts. The client does not have a claim against TC in the event of the realisation
of this risk unless it can be proved that the losses were due to negligence, fraud, misconduct or dishonesty by TC or its staff.
4.2 When investing in foreign investment products it is important to be aware of the following risks:
4.2.1 Getting access to investment performance information may be more difficult than South African based investments.
4.2.2 Investments are exposed to different tax regimes that may change without warning and it may influence investment
returns.
4.2.3 Exchange control measures may change in the country of investment and it may influence accessibility to the invested
capital.
4.2.4 The value of the Rand has deteriorated over the last number of years. However it is important to understand that should
the Rand exchange rate strengthen against the exchange rate of the foreign currency / -ies in which the Client’s money
is invested, it may create a loss of capital or reduced returns when the money is returned to South Africa in Rand.
4.3 TC may invest in wrap funds on behalf of the client in terms of this mandate and is thus required by the FSB to make
certain disclosures regarding wrap funds and how they differ from fund of funds.
11. INITIAL HERE 11
4.3.1 A fund of funds is a collective investment scheme fund that is not allowed to invest more than 50% of the value of the
fund in any one collective investment scheme fund. The Collective Investment Scheme Act guarantees the repurchase
of participatory interests in a fund of funds by the management company.
4.3.2 A wrap fund is a basket of different collective investment schemes wrapped as a single investment portfolio. The
underlying combination of collective investment schemes is selected to optimally target the risk/return requirements
and investment objectives of the client. In fact it’s a number of separate investments in which the investor has direct
ownership and could be better described as an account. These underlying investments are selected in line with
the investment requirements of the client. There’s no joint ownership among investors and individual ownership of
the participatory interests in the collective investment schemes can be transparently demonstrated at all times. A wrap
fund investment is administered and facilitated by a linked investment service provider (LISP) i.e. an Administrative
FSP. A wrap fund has no limit concerning the collective investment schemes that that it may include in its portfolio. The
Administrative FSP of the wrap funds does not guarantee the repurchase of participatory interests in the collective
investment schemes that comprise the wrap funds. The Administrative FSP has service level agreements in place with
the management company of each collective investment scheme according to which the repurchase of participatory
interests in collective investment schemes comprising wrap funds are guaranteed. The costs and other information
applicable to wrap funds are set out in the documentation of the administrator of the wrap funds.
5. REGISTRATION OF INVESTMENTS
TC shall register the investments that from time to time it holds on behalf of the Client in the name of the Client, or in the name of
a FSB approved nominee company that the client may nominate in writing to TC. It should be noted that contracts for difference
(CFD’s) do not represent a claim on the underlying instrument (e.g. Sasol Ltd shares) upon which it is based. The underlying
instrument will be held in the name of the platform provider, e.g. Velocity Trade or Nedbank Capital.
6. VOTING ON BEHALF OF CLIENTS
TC may vote on behalf of the Client in respect of a ballot conducted by collective investment scheme in so far as the ballot relates
to the investments managed by TC on behalf of the client.
7. INFORMATION TO BE DISCLOSED BY PRODUCT PROVIDERS
The Client confirms that TC shall not be required to provide the investor with any other information than what a product provider
such as a collective investment scheme or other listed insurance company is required by law to disclose to the client.
8. ACCRUALS
All cash accruals received in respect of the Investments, including dividends and interest, shall be reinvested as and when they fall
due and shall form part of the Investments.
9. TREATMENT OF FUNDS
With regards to the Velocity Trade and Nedbank Capital portals, TC will not take receipt of client funds. Clients will deposit funds
earmarked for discretionary trading directly in the bank detail provided by Velocity Trade and Nedbank Capital. All cash accruals
(including dividends and interest) which are paid by the Investment Company will be re-invested by TC.
10. REMUNERATION
10.1 The Client shall remunerate TC for the management of the investments on behalf of the client as follows:
10.1.1 An annual management fee of 2.00 % based on the actual cash value (i.e. not based on exposure) of the portfolio
of the Client. Such management fee will be calculated on the cash value of the portfolio at the end of each month and
will be thus be payable monthly in arrears. The minimum monthly fee will be R 50.00 irrespective of the value of the
account.
10.1.2 Brokerage of not more than 0.25% (25 basis points) of the exposure of the related trade.
10.1.3 Funding: CFD’s are funded by the Velocity Trade and Nedbank Capital trading portals at a rate of up to 300 basis points
(3.00%) above the Safety annual rate. TC may share in the funding rate up to a maximum of 150 basis points (1.50%)
per annum of the exposure taken in trades. The funding will, as per industry standard, be calculated daily and payable
monthly in arrears.
10.1.4 Profit sharing: TC will share in 20% of all profits per annum. This will be calculated every six months, and will be
payable biannually in arrears. A high watermark will be implemented in this regard.
10.2 Unless indicated in 10.3 above, TC will not receive any soft commissions, rebates, fee reductions, or any discounts from
administrative FSP’s, Management Companies and/or members of an Exchange for placing funds with them.
12. INITIAL HERE12
11. REDEMPTION GATES
Clients can withdraw all their funds by providing a 30 day withdrawal notice. Withdrawal requests will only be acted upon during the
first five business days of every month. This means that when the client gives notice during the first five business days of month
one, the funds will be deposited into the client’s designated bank account during the first five business days of month two.
12. BANK DETAILS
When clients requests withdrawals, the funds will be deposited into the following bank detail:
Bank:
Branch:
Account type:
Account number:
13. DECLARATION REGARDING FUNDS AND INVESTMENTS
13.1 The Client declares that all funds and investments placed under TC ’s management in terms of this mandate are from a
legitimate source and are not the “proceeds of unlawful activities”, as defined in the Prevention of Organised Crime Act,
No.121 of 1998.
13.2 The Client further warrant that, where required, all funds placed under TC’ management in terms of this mandate are declared
in terms of the Income Tax Act of 1962 and that the client has any necessary approval from the South African Reserve Bank
for foreign funds, assets or investments owned by the Client
14. TERMINATION OF MANDATE
14.1 Any amendment of any provision of this mandate shall be in writing and shall be by means of a Supplementary or New
Agreement between TC and the Client.
14.2 TC or the Client shall be entitled to terminate this mandate after notice in writing of not more than sixty (60) calendar days.
15. EFFECTIVE DATE
This mandate will become of force and effect on
SIGNED AT ON THIS DAY OF
For and on behalf of ***, the signatory warranting that he is duly authorised:
As witnesses to the signature of ***
1 2
SIGNED AT ON THIS DAY OF
By the Client:
As witnesses to the signature of the Client:
1 2