AGREEMENT
on granting professional status to client
AS Expobank, reg. No.40003043232
Kr. Valdemara 19, Riga, LV-1010, Latvia
(hereinafter – the Bank)
Telephone: (+371) 67043510
Fax: (+371) 67043511
[email protected] www.expobank.eu
Riga,
.
.20
Client
Title
Registration country
Registration No.
Contact language:
Latvian
Russian
English
Client’s representative
Name, surname
Identity code or birth date
Series and number of identity document
Position
Basis of representation
The Client and the Bank, both also – the Parties enter this Agreement on granting professional status to the Client:
1. On the basis of the Client’s provided information, the Bank grants the Client the professional client status for all investment
services and ancillary investment services (hereinafter – brokerage services) that the Bank renders or will render to the Client and the
Client agrees to such status.
2. The Client agrees with provisions of the Bank’s policy “Client Classification when Rendering Investment Services and Ancillary
Investment Services” (hereinafter – the Status Policy) and of the Bank’s policy “Order Execution when Rendering Investment
Services”, including the following provisions:
2.1. while ensuring execution of a Client’s orders for transactions with financial instruments, the Bank in order to achieve the best
outcome for the Client shall primarily assess speed and precision of execution of the Client’s order; besides, the price is not a
priority;
2.2. while executing the Client’s orders with special instructions, the Bank shall act precisely of its abilities according to the
special instructions given in the Client’s order and, in this case, it shall be released from the duty to adhere to the best outcome for
the Client principle when executing the Client’s orders.
3. The Client has been informed that if the Bank receives information proving that the Client no longer meets the requirements
towards professional client status according to the Status Policy, the Bank shall unilaterally decide on cancelling such status of the
Client with written notice to the Client.
4. The Client shall submit to the Bank information on any changes to their operations or to information submitted to the Bank earlier,
which might affect the Client’s compliance with the requirements towards professional client status.
5. This Agreement shall take effect upon mutual signature hereof and shall remain effective while the Bank renders brokerage
services to the Client under the brokerage services agreement entered with the Client and while the Client maintains the professional
client status.
6. This Agreement has been executed and signed in 2 (two) identical copies, one for each Party.
By signing this Agreement the Client certifies that they:
1) have read the Brokerage Services Rendering Regulations of the Bank, General Regulations for Provision of Banking
Services of the Bank and the Bank’s Tariffs for banking transactions and other financial services that are available in the
Bank’s premises (client service area) and on the Bank’s website: www.expobank.eu and that can be modified and
supplemented, as well as the Bank’s other regulatory documents, fully understand them, acknowledge them as binding to
themselves and undertake to comply with them;
2) have been informed that the Client with the professional client status is not eligible for established legal investor protection
available for retail client, i.e. the Bank is not obliged to:
2.1.) analyse and determine whether brokerage services are suitable for the Client and meet their interests;
2.2.) inform the Client of difficulties with order execution;
2.3.) provide to the Client a detailed order execution policy;
2.4) provide detailed information to the Client, how its set for retail clients about the accounting, the characteristics of
financial instruments, the cost of Bank's services, about the Bank and the services it provides, about protective measures the
Bank ensure providing custody of Client’s financial instruments and funds;
3) have been informed that a professional client is not eligible for compensation of losses according with the provisions of the
Investor Protection Law of the Republic of Latvia.
Signatures of Parties:
Client
Bank
seal
seal