Advisory Account Terms & Conditions
1. General Agreement
This document constitutes a binding agreement (“Agreement”) between the Client and Sycamine Capital Management Pte. Ltd. (UEN: 200804809G) (“Sycamine Capital Management”). References to “you” and “your” mean the individual or entity owning the account. By opening or maintaining an advisory account, you agree that these Terms and Conditions govern your relationship with Sycamine Capital Management, including services rendered and all account transactions.
2. Amendment of Terms
Sycamine Capital Management may amend these Terms and Conditions. Minor changes that do not materially affect the Client’s rights can be implemented without prior notice. If an amendment substantially affects the Client’s interests, the Company will give thirty (30) days’ notice before it takes effect. Continued use of the account after the notice period indicates acceptance of the revised terms.
3. Client Warranties and Indemnification
Representations:
- Legal Capacity: You have full authority to enter into and comply with this Agreement.
- Financial Capability: You are financially prepared for speculative or high-risk investments and accept potential losses.
- Compliance: You will abide by all relevant laws and regulations, including tax rules, exchange controls, and sanctions.
- Accuracy: You confirm that any information given to Sycamine Capital Management is accurate, complete, and not misleading.
Authorisation and Breach:
- Use of Collateral: You authorise Sycamine Capital Management to use or set off any account assets to meet obligations owed.
- Client Indemnity: You undertake to indemnify Sycamine Capital Management for losses arising from your breach of these Terms or any false statements. Sycamine Capital Management will not be liable for non-performance caused by circumstances beyond its control.
4. Client Responsibilities
- Order Validity: You bear sole responsibility for the accuracy and authenticity of all instructions and information submitted in your name.
- Security Measures: You must keep your passwords, identification codes, and any other security credentials strictly confidential.
- Company Protections: Sycamine Capital Management may take steps, without prior notice, to protect its rights or prevent unauthorised activity, and shall not be held responsible for any resulting losses unless caused by its negligence or a serious breach of this Agreement.
5. Fees and Charges
- Transaction Commissions: A commission fee of 1% on each security or financial instrument transaction applies, unless otherwise agreed in writing.
- Other Charges: Additional fees (e.g. custodial or regulatory) may also apply.
- Payment: Sycamine Capital Management may deduct owed fees from your account; you must ensure sufficient funds are maintained.
6. Risk Disclosure
- No Guaranteed Results: Past performance does not guarantee future returns. Investments may fluctuate due to market and currency factors.
- Inherent Risks: All investments bear risk, and you assume full responsibility for gains or losses.
- No Continuous Monitoring: Unless explicitly stated otherwise, Sycamine Capital Management does not constantly monitor your transactions.
- No Profit Warranty: Sycamine Capital Management offers no guarantee of profit or specific investment outcomes.
7. Advisory Services
- Scope: Sycamine Capital Management provides advisory services but is not obliged to offer continuous recommendations on all financial products or transactions.
- Disclaimer: Information or recommendations are provided without warranty regarding accuracy, completeness, or future profitability. They are not formal offers to buy or sell any instrument, nor guaranteed to be free from subjective views.
- No Tax Advice: Sycamine Capital Management does not provide tax or legal advice. You are encouraged to seek independent counsel on tax implications.
8. Termination
- By the Client: You may terminate this Agreement at any time by giving written notice.
- By Sycamine Capital Management: The Company may terminate by giving one (1) month’s notice, or immediately if the Client commits a serious breach of these Terms.
- Post-Termination: Outstanding obligations and any Terms intended to survive will remain in effect. Upon termination, your assets will be returned or transferred according to your instructions and applicable regulations.
9. Account Authorisation
By signing or otherwise indicating acceptance, you confirm having read and understood these Terms and Conditions, which govern your relationship with Sycamine Capital Management regarding the advisory account. This Agreement supersedes any earlier agreements unless specifically stated otherwise in writing.
