Terms and Conditions

In Trade Currency Exchange is a trading name of FX Capital Securities Ltd – registered in England and Wales, registration number 6323311.Authorised by the Financial Services Authority (FRN 531019) for the provision of payment services.Registered with HM Revenue & Customs as a Money Services Business “MSB” (Reg. No. 12272696).Private Client Terms – Version 03032011TermsandConditionsofBusinessFXCapitalSecuritiesLimited“FXCS”(orInTradeCurrencyExchange,atradingnameofFXCS)collectivelyreferredtoas“theCompany”,ofGroundFloor,6-­‐8FenchurchBuildings,LondonEC3M5HT(registeredandtradingaddress).TheCompanyisregistered,inEnglandandWaleswithcompanyregistrationnumber6323311,TheCompanyisalsoAuthorisedandregulatedbytheFinancialServicesAuthority(FRN531019)fortheprovisionofpaymentandwithHMRevenue&CustomsasaMoneyServicesBusiness“MSB”(Reg.No.12272696).1.DEFINITIONSANDINTERPRETATIONInthisAgreement:“ApplicableRegulations”meansalllawsandregulationsfromtimetotimeinforcerelatingdirectlyorindirectlytothebuyingorsellingofCurrencyandthetransactionrelatedpayments,includingtheMoneyLaunderingRegulations2003,theProceedsofCrimeAct2002andthePaymentServicesRegulations2009.“AuthorisedTrader”meansapersonorpersonsauthorisedbytheCompanytoacceptanorderorordersfromtheCustomer.ThecompanymaintainsalistofAuthorisedTraders.“Businessday”meansanyday,otherthanaSaturday,SundayorotherpublicholidayintheEngland.“CloseOut”aterminationofaTransactionpriortotheoriginalagreeddateorpriortosettlementoftheTransaction.“CompanyCurrency”meansthecurrencythattheCompanyagreestoselltotheCustomerandtheCustomeragreestopurchaseinaTransaction.“CompanyWebsite”meanswww.rabbitfx.comoranywebsitesoperatedbytheCompany.“Conditions”meansthesetermsandconditionsandincludeacompletedandsignedCustomerApplicationformandComplianceCheckListintheCompany’scurrentform.“CustomerCommunications”meansallcommunicationsbetweentheCustomerandtheCompany,including,butnotlimitedtotelephone,verbal,email,faxandtheCompanyWebsite.“Currency”meanstheofficialcurrencyinuseinanyjurisdiction.“Customer”meansapersonorpersonswhohavingexecutedasetoftheseConditionsplacesanOrder.“CustomerCurrency”meanstheCurrencythattheCustomeragreestoselltotheCompanyandtheCompanyagreestopurchaseinaTransaction.“DefaultEvent”means:InthecaseofaCustomer;(a)IftheCustomerisinbreachofhisobligationsinaTransaction(b)IfaCustomerisunabletopayhisdebtsastheyfalldue(c)TheCustomer’sfundsforTheTransactionfailtoarrivebyTheSettlementDate(d)IfintheopinionoftheCompanyanyinformationprovidedbytheCustomerisdeliberatelyincorrectormisleadinginanymaterialrespect(e)IfanyeventoccurswhichtheCompanyreasonablybelieveswillhaveamaterialadverseeffectontheCustomer’sabilitytocomplywithhisobligationsundertheseConditions(f)IftheCompanyreasonablybelievesthattheCustomeroraTransactionisorislikelytobeinbreachofanyApplicableRegulations.InthecaseoftheCompany,thismeansabreachoftermsofaTransactionbytheCompanywhichifapplicableofremedyisnotremediedwithin5BusinessdaysaftertheCustomerhasservedwrittennoticeontheCompanyrelatingtosuchfailure.“DestinationAccount”meansthebankaccount,orbankaccounts,whichthepartiesagreeinaTransactionisthebankaccount(s)towhichtheCustomerCurrencyistobesentbytheCompany.“Document”meansanyelectronicorpaperdocument.“ForwardTrade”:meansthepurchaseandsaleofCurrencyforSettlementonapredetermineddateinthefuture.“ForceMajeure”meansinrelationtoeitherpartyanycircumstancesbeyondthereasonablecontrolofthatparty(includingwithoutlimitationanyactsorrestraintsofGovernmentsorpublicauthorities,strikes,lock-­‐outs,orotherindustrialaction,terrorism,war,revolution,riotorcivilcommotion).“MarginDeposit”meanstheamountthatthecompanymayrequesttheCustomertoprovideinadvancetosecureatransaction.“MoneyTransfer”meansthetransferoffundstotheCustomers,DestinationAccount.“Order”meansanorderbytheCustomerforthepurchaseandsaleofCurrencycontainingtheinformationinAnnex1.TheCompanymayreceivetheorderverbally,byfax,byemailortheCompanyWebsite.“OrderAcceptanceNotice”meansanoticefromtheCompanytotheCustomernotifyingtheCustomerthat(i)anorderhasbeenaccepted;and(ii)thetermsoftheorder,whichmayinclude,butnotlimitedto,theinformationinAnnex1“PaymentMethod”meansthattheCustomerwillonlytransferfundstotheCompanyelectronically.TheCompanywillnotacceptcheques,cash,creditcards,bankers’draftsandanyotherpaymentmeansunlessagreedbybothpartiespriortotheTransactionandapprovalbytheCompany’scomplianceofficer.“Proceedings”meansanyactionorotherproceedingsrelatingtotheseConditionsoraTransaction.“Settlement”meansthepaymentorpaymentsbytheCustomertotheCompanyofCustomerCurrencyrelatingtoaTransaction.“SettlementDate”meansthedatethattheCompanyandtheCustomerhaveagreedisthedatebywhichtheCustomermusthavemadeSettlementinaTransaction.“SpotTrade”meansthepurchaseandsaleofCurrencyforSettlementwithintwobusinessdaysafterthedateoftheOrder.“Transaction”meansanagreementbetweentheCompanyandtheCustomerforthesaleandpurchaseofCurrency.“Variation”meansthedifferencebetweentheoriginalopeningvalueoftheTransactionandthecurrentmarketvalueoftheTransactionwereittobeClosedOut(forexample,asaresultofexchangeratemovementsonaForwardTrade),uptoamaximumofthefullvalueoftheTransaction.ReferencesintheseConditionstoanystatuteorApplicableRegulationsincludeanysubsequentmodification,amendmentorextension.TheMasculinewillincludethefeminineandtheneutralandthesingularwillincludethepluralandviceversa,asthecontextrequires.In Trade Currency Exchange is a trading name of FX Capital Securities Ltd – registered in England and Wales, registration number 6323311.Authorised by the Financial Services Authority (FRN 531019) for the provision of payment services.Registered with HM Revenue & Customs as a Money Services Business “MSB” (Reg. No. 12272696).Private Client Terms – Version 030320112.CONTRACTING2.1AcopyoftheseConditionshasbeenacceptedinanyform(electronic,hardcopyetc.)bytheCustomertoindicatetheCustomer’sagreementandacceptanceofthemandtheCompanyandtheCustomeragreethateachTransactionincorporatestheseConditions.2.2TheCompanyandtheCustomerenterintoaTransaction(“thetimeofcontracting”)onacceptancebytheCompanyofanOrder.2.2.1WhereanOrderisacceptedbyemail,theOrderwillbedeemedtobeacceptedwhenanOrderAcceptanceNoticeistransmittedtotheCustomer’semailaddress(regardlessofwhetherorwhenitisreceivedbytheCustomer).2.2.2WhereanOrderisacceptedbyfax,theOrderwillbedeemedtobeacceptedwhenanOrderAcceptanceNoticeistransmittedtotheCustomer’sfaxoremailaddress(regardlessofwhetherorwhenitisreceivedbytheCustomer).2.2.3WhereanOrderisacceptedbytheCompanyWebsite,theOrderwillbedeemedtobeacceptedwhenanOrderAcceptanceNoticeistransmittedtotheCustomer’semailaddress(regardlessofwhetherorwhenitisreceivedbytheCustomer).2.2.4WhereanOrderisacceptedverbally(viatelephone)theOrderwillbedeemedtobeacceptedwhenanAuthorisedTraderverballyconfirmstotheCustomerthattheorderhasbeenacceptedorwhenanOrderAcceptanceNoticeistransmittedtotheCustomer’semailaddress(regardlessofwhetherorwhenitisreceivedbytheCustomer).2.3TheCompanymayacceptorrefuseanOrderatitsabsolutediscretionwithoutgivinganyreasontotheCustomerandwithoutanyliabilitytotheCompany.3.CUSTOMEROBLIGATIONS3.1UnlessagreedandconfirmedinwritingbyboththeCompanyandtheCustomerpriortoaTransaction,theCustomeragreesandacknowledgesthatanypaymentsduetotheCompanymustbemadebythecustomeranddrawnonanaccountoftheCustomerandnotthatofathirdparty.AnypaymentreceivedonbehalfoftheCustomerfromathirdpartywillberefusedandreturnedbytheCompanyandshallnotconstituteapaymenttotheCompanyforthepurposesofaTransaction.3.2TheCustomerwillpaybythePaymentMethodanybalanceunpaidoftheCustomerCurrencyduetotheCompanyinaTransactiononorbeforeSettlementDate.3.3InthecaseofaForwardTrade,theCustomerwillpaytheCustomerCurrencydueintwoparts;(a)theMarginDepositinfullandclearedfundsnolaterthanthebusinessdaywetellyouitisdueinourOrderAcceptanceNotice(b)thebalanceoftheTransactionamount,inclearedfundsbynolaterthanthebusinessdaywetellyouinourOrderAcceptanceNoticewillbetheSettlementDatefortheTransaction.3.4InadditiontotheMarginDepositandtheTransactionbalancereferredtoin3.3(b),theCompanymayalsorequireadditionMarginDeposittomakeupforanyVariationthatmayhaveoccurredontheTransactionintheeventthattheMarginDepositlessVariationreducesthesecurityheldtolessthan1%(one)oftheTransactionvalue.WemayaskforproofthatyouhaveinstructedyourbanktopayustheadditionalMarginDepositwerequirewithin24(twentyfour)hoursofourrequest.FailuretoprovideuswiththisproofondemandmayresultinaCloseOutoftheTransaction,theTransactionwillthenbedeemedaDefaultEvent.3.5FollowingaDefaultEvent,andwheretheCompanyhasproperlyterminatedaTransaction,theCustomershallbeliabletoandherebyindemnifiestheCompanyforanylossthattheCompanymaysufferinsellingtheCompanyCurrencypurchasedinrelationtothatTransaction.3.6TheCustomeragreesthattheCompanymayrecord,withoutnoticetotheCustomer,anyCustomerCommunications,uponwhichtheCompanyandtheCustomer;(a)DiscussaTransaction(b)EnterintoanyTransaction(c)TerminateaTransaction(d)DiscussanOrder(e)Haveanypertinentcommunications3.6.1SuchrecordingsshallbeevidenceinanydisputebetweentheCompanyandtheCustomer.3.7TheCustomeragreestocomplywithandadheretoallApplicableRegulationsinrelationtoanyTransactionandtoprovideinformationrequiredbytheCompanyinrelationtoanyApplicableRegulations.3.8AllpaymentsduefromtheCustomertotheCompanywillbepaidinfullandtheCustomerwillhavenorightofsetofforcounterclaiminrelationtoanypaymentduetotheCompanyfromtheCustomer.3.9TheCustomerconfirmsthatnoTransactionwillbeforthepurposesofspeculativeactivity(withtheintentionofprofitingsolelyfromcurrencymovements)andthatthereshallbephysicaldeliveryoftheCurrencytotheDestinationAccountinaccordancewiththetermsofaTransaction.3.10TheCustomerconfirmsandunderstandsthat:(a)FundsmaytakeanumberofworkingdaystoarriveasclearedfundsintheDestinationAccount(b)Thenumberofdaystakenwillvaryfromcountrytocountry(c)ThenumberofdayshastotakeintoaccountBankHolidaysandothervacationperiodsthatmaybedifferentfromtheUK(d)Planningforpaymentarrival(forexample,intoaNotary’saccount),istheCustomer’sresponsibility3.11TheCustomeragreesandconfirmsthatheisandwillbeaprincipalinallTransactionsandwillnotactasanagent.3.12TheCustomerconfirmsthatheisover18(eighteen)yearsofageandisnotsufferingfromanydisabilityorimpairmentthatmayaffecttheircapacitytoenterintoaTransactionwiththeCompany.4.COMPANY’SOBLIGATIONSANDLIMITATIONSONCOMPANY’SLIABILITY4.1TheCompanywillnotbeunderanyobligationtopaytheCompanyCurrencytotheDestinationAccountuntilithasunconditionallyreceivedtheCustomerCurrencyinfullasclearedeffects.4.2FollowingreceiptoftheCustomerCurrencyunconditionallyinfullasclearedeffectstheCompanywillmakepaymentoftheCompanyCurrencytotheDestinationAccount(lessanydeductionpermittedbytheseConditions).4.3TheCompanyshallhavetherighttodeductfromtheCompanyCurrencytobesenttotheDestinationAccountsuchsumsasitmayberequiredtodeductbylawtogetherwithanyotherdeductionsapplicabletotheTransaction.In Trade Currency Exchange is a trading name of FX Capital Securities Ltd – registered in England and Wales, registration number 6323311.Authorised by the Financial Services Authority (FRN 531019) for the provision of payment services.Registered with HM Revenue & Customs as a Money Services Business “MSB” (Reg. No. 12272696).Private Client Terms – Version 030320114.4TheCustomerwarrantsthatthethatinformationprovidedtotheCompanyunderthetransactionabouthispersonalandfinancialcircumstancesremainstrueandmateriallyaccuratewithoutanyobligationonthepartoftheCompanytomakeanyenquiriesbeforeeachTransactionandtherightsoftheCompanyarisingundertheseConditionsorinanywayrelatingtoaTransactionandtheliabilityoftheCustomerforanybreachoftheseConditionsshallnotbetherebyaffected.4.5TheCompanyshallnotbeliabletotheCustomerforanydelay,failureorerrorinsendingtheCompanyCurrencytotheDestinationAccountpursuanttoaTransactionwheresuchdelayfailureorerroriscausedby:-­‐(a)Failureorerrorofanymachine,dataprocessingsystemortransmissionlink(whetherunderthecontroloftheCompanyorathirdparty);or(b)Anyperiodofessentialmaintenance,criticalchange,repairs,alterationtoorfailureofcomputersystems(whetherunderthecontroloftheCompanyoranythirdparty);or(c)Theactsoromissionsofanythirdparty(d)TheCompanyfulfillingitsobligationsunderTheApplicableRegulations4.6Wheretheerror,failureordelayinsendingtheCompanyCurrencytotheDestinationAccountpursuanttoaTransactioniscausedbythenegligenceoftheCompany;theCompanywillberesponsibleforanylossesthatmightordinarilybeexpectedtooccurasaresult.Thismay(butwillnotnecessarily)includebankcharges,lostinterestorafallinthevalueoftheCustomerCurrencyagainsttheCompanyCurrencyduringtheperiodoftheerror,failureordelay.HoweverthiswillnotincludeanylossofprofitoranytypeoflossarisingfromanyfailurebytheCustomertoenterintoortoperformaContractwithathirdpartyevenifthesewerelossesthatmightordinarilybeexpectedtooccurasaresultoftheerror,failureordelay.Alsothiswillnotincludeanykeptclaimforconsequentiallosses.4.7InanycasewheretheCompanyisliabletotheCustomerinrespectofanyTransaction(whetherunderstatute,orintortcontractorotherwise)theCompany’sliabilityshallbelimitedtothelesserof:(a)thetotalamountpaidbytheCustomertotheCompanyinrespectoftheTransaction;or(b)TenThousandPounds(£10,000.00).4.8TheCustomeragreestoinsureagainstanylossesthataregreaterthanthesumsetoutinClause4.74.9WithoutprejudicetoClause4.6andsubjecttotheprovisionsofthisClause4,TheCompany’stotalaggregateliabilitytotheCustomerforanyliabilityincurredinconnectionwiththisagreementwillnotexceedthelessorof;(a)thetotalamountpaidbytheCustomertotheCompanyinrespectoftheTransaction;or(b)FiveHundredThousandPounds(£500,000.00).5.COMPANY’SRIGHTSAGAINSTCUSTOMERFUNDSWheretheCompanyproperlyterminatesaTransaction,theCompanyshallbeentitledtosetoffanylosssufferedagainstanymoniespaidtotheCompanybytheCustomerwithoutprejudicetotheindemnityoftheCustomercontainedinClause3.3.6.NOADVICEWhiletheCompanycanprovidetheCustomerwithinformation,itdoesnotprovideadvice.InplacinganOrderandenteringintoanyTransactiontheCustomeragreesthathewillrelyuponhisownjudgment.7.FEES7.1WhiletheCompanywillnotchargetheCustomercommissioninrelationtoanyTransactiontheCompanyshallbeentitledtomakethechargestotheCustomersetoutinthesetermsandconditionsandtodeductthesechargesfrommoniesheldbytheCompanyfortheCustomer.7.2IntermediaryorreceivingbankchargesmayariseoverwhichtheCompanyhasnocontrol.TheCustomeracknowledgesthattheCompanywillnotbeheldliableforsuchchargesandthattheCustomershould contactthereceivingbankdirectlywithregardstoanychargesthatmaybeappliedagainstfundsreceivedbythebankpriortothemcreditingthebeneficiaryaccount.8.FOREIGNCURRENCYRATESNotwithstandingthatanexchangerateisagreedatthetimeofcontractinginrelationtoaTransactiontheCompanycannotguaranteethesamerateofexchangeinrelationtoanyotherTransaction.9.TIMEOFTHEESSENCETimeisoftheessenceforeachTransactioninrelationtothepaymentofCustomerCurrencytotheCompany.10.DEFAULTINTERESTANDTERMINATIONPAYMENTS10.1IftheCustomerfailstomakepaymentduetotheCompanyunderClause3.2andwithoutaffectingtherightoftheCompanytoterminateaTransaction,theCompanyreservestherighttochargeinterestonanymoniesduetoitfromtheCustomeratarateof4%abovethebaseratefromtimetotimeofBarclaysBankPlcbetweenthedateoftheDefaultEventandeitherSettlementorterminationofaTransaction.10.2IfaTransactionisterminatedbytheCompanyfollowingaDefaultEventinadditiontotheliabilityoftheCustomerunderClause3.5theCustomerwillpayanadministrationfeeof£150.00.11.TERMINATION11.1TheCompanyortheCustomermayterminateaTransactionwithimmediateeffectupontheoccurrenceoftheDefaultEventonthepartoftheotherbyeitherverbalorwrittennoticetotheother.TerminationofaTransactionshallnotaffecttherightsofeithertheCompanyortheCustomerinrelationtoanybreachofthetermsofaTransactionarisingbeforesuchTermination.11.2WheretheCompanyterminatesaTransactionfollowingtheoccurrenceofaDefaultEventitshallbeentitledatitsdiscretiontosellorretainCompanyCurrencypurchasedinrelationtothatTransaction.12.WRITTENCONFIRMATIONOFTRANSACTION12.1TheCompanywillusereasonableendeavourstoissueawrittenconfirmationofaTransactiontotheCustomerbutanyfailurebytheCompanytodososhallnotaffectthevalidityofaTransaction.12.2WherethereisafailureofthesystemrecordingtelephonecallsoperatedbytheCompany,thewrittenconfirmationbytheCompanyofthetermsofaTransactionortheterminationofaTransactionshallbeevidenceofthetermsofaTransactionorterminationofaTransactionandshallbefinalandbindingontheCustomerandtheCompany.13.REPRESENTATIONSANDWARRANTIES13.1Onacontinuingbasis,priortoeachTransactiontheCustomerisdeemedtorepresentandwarrantthatheIn Trade Currency Exchange is a trading name of FX Capital Securities Ltd – registered in England and Wales, registration number 6323311.Authorised by the Financial Services Authority (FRN 531019) for the provision of payment services.Registered with HM Revenue & Customs as a Money Services Business “MSB” (Reg. No. 12272696).Private Client Terms – Version 03032011understandsallofhisobligationsundertheseConditionsinrelationtotherelevantTransactionandwillcomplywithhisobligationstotheCompanyintherelevanttransactionandthatallinformationprovidedtotheCompanywastrue,accurateandcompletewhenprovidedtotheCompanyandremainstrue,accurateandcompleteinallmaterialrespectsonenteringintoanyTransactionexcepttotheextentthatanychangeshavebeennotifiedbytheCustomertotheCompanyinwritingbeforeaTransaction.13.2TheCustomerfurtherwarrantsthatallfundspaidortobepaidtotheCompanyarefreefromencumbrances(saveinrelationtoanyrightswhichtheCompanyhasundertheseConditions)andcomplywithallApplicableRegulations.13.3TheCustomerwillattherequestoftheCompanyprovidetheCompanywithanyinformationthatmayberequiredfromtimetotimeunderanyApplicableRegulations.14.NORIGHTOFCANCELLATIONIftheCustomerhasanyrightgivenbystatuteorstatutoryinstrumenttocancelaTransactionthepartiesagreethattheCustomerwillnotbeabletocancelanyTransactiononcetheperformancebytheCompanyoftheservicesinrelationtothatTransactionhasbegun.15.ENTIRECONTRACT15.1ThepartiesagreethatthetermsandconditionssetoutintheseConditionstogetherwithanOrderthathasbeenacceptedbytheCompanyrepresentstheentireagreementinrelationtoanyTransaction.15.2ThepartiesagreethatsavewithregardtoinformationprovidedbytheCustomerreferredtoinClause4.4thatallliabilitiesforandremediesinrespectofanycognisantornegligentrepresentationsmadeareexcluded.15.3ThepartiesagreethatsavewithregardtotherepresentationsreferredtoinClause4.4neitherpartyhasplacedanyreliancewhatsoeveronanyrepresentations,agreements,statementsorunderstandings(whetheroralorinwritingincludinganypromotionalliterature)madepriortothedateofthiscontractotherthanthoseexpresslyincorporatedorrecitedinthiscontract.15.4FortheavoidanceofdoubtnothinginthisClauseappliestofraudonthepartofeitherparty.16.USEOFTHEINTERNET16.1TheCustomeracknowledgesthatemailoruseofawebsitemaynotbeasecuremediumforthecommunicationofsensitiveinformation.TheCustomeragreesthatcommunicationbyemailoritsuseoftheCompany’sWebsitewillbeattheCustomer’sownrisk.16.2WhenevertheCustomerplacesanOrderbyfax,emailortheCompany’sWebsite;16.2.1TheCustomeracceptsthattheCompanycannotabsolutelyverify;(a)thatanOrderiseitherproperlyplacedbytheCustomer(b)doesnotcontainerrors16.2.2Ordersbyfax,emailortheCompany’sWebsiteareattheriskoftheCustomer.16.2.3TheCustomeragreestoindemnifytheCompanyagainstalllossesthatitmayincurasaresultoftheCompanyacceptinganOrdermadebyfax,emailortheCompany’sWebsite16.2.4TheCustomeracknowledgesthattheCompanyisundernodutytomakeanyenquiriesconcerninginstructionssentbyfax,emailortheCompany’sWebsitethatarebelievedbytheCompanytobegenuineinstructionsfromtheCustomer.16.3TheCustomeracknowledgesthattheCompany’sWebsitecontainsmaterialthatisthecopyrightoftheCompanyandtheCustomeracknowledgesthathewillnotacquireanyrightstosuchmaterialbydownloadingit.17.FORCEMAJEURE17.1NeitherpartyisliableforfailuretoperformordelayinperforminganyofitsobligationsinrelationtoaTransactioninsofarastheperformanceofsuchobligationsispreventedbyForceMajeure.17.2TheCompanyand/ortheCustomerasapplicableshallpromptlynotifytheotherpartyoftheoccurrenceofaForceMajeureeventanduseallreasonableendeavourstocontinuetoperformitsobligationsinrelationtotheTransactionbutifaForceMajeureeventpreventsapartyfromfulfillingitsobligationsunderaTransactionforanunreasonableperiodtheotherpartymayforthwithterminatetheTransactionbynoticeinwritingtothatpartybutwithoutprejudicetotheothertermsandconditionsofaTransaction.18.VARIATIONNovariationofanyTransactionwillbevalidunlessitisinwriting,signedbyoronbehalfofeachoftheparties.19.PROTECTIONOFPERSONALINFORMATION19.1TheCompanyisrequiredtocomplywiththeprovisionsoftheDataProtectionAct1998andwillonlyuseinformationrelatingtoaCustomertoenabletheCompanytocomplywithApplicableRegulations,tofulfilitsobligationsinanyTransaction,toassessitsriskinrelationtotheCustomerortoanyTransaction,forenforcingitsrightsinrelationtoaTransaction,fortrainingpurposesandtoallowtheCompanyoranysubsidiarytoprovidetheCustomerwithdetailsofitsproductsorservicesandforfraudpreventionanddebttracing.SignaturebytheCustomeroftheseConditionssignifiestheconsentoftheCustomertosuchuseofinformation.19.2WhiletheCompanyisrequiredbyApplicableRegulationstocarryoutinvestigationsoftheCustomeritalsomakesenquiriesforthepurposesofassessingitsownrisk.TheCompanywillsearchtherecordoftheCustomerthroughacreditreferenceagencyand/orfraudpreventionagencythatwillbeaddedtotherecordoftheCustomer.Detailsofthesearchwillalsobeseenbyothersimilarorganisationsandinformationmaythereforealsobepassedasbetweensuchorganisationstohelptopreventfraud.ThecreditreferenceorfraudpreventionagencymayrefertotheElectoralRegisterandmayuseacreditscoringorotherautomatedalternatingprocesstoverifytheidentityoftheCustomerandthefinancialstandingoftheCustomer.TheCompanywillrecordwiththecreditreferenceagencyanydefaultorfailureoftheCustomertocomplywiththetermsoftheTransaction.TheCompanyisthereforeauthorizedtodiscloseinformationoutsidetheCompanytolicensedcreditagencies,fraudpreventionandotheragencies,whereitisrequiredtodosobyApplicableRegulations,forthepurposeofcomplianceandregulatoryreporting,andtoconfirmtheCustomer’sidentityformoneylaunderingpurposeswhichmayincludecheckingtheElectoralRegisterortoanypersontowhomtheCompanywillorintendstotransferitsrightsorobligations.In Trade Currency Exchange is a trading name of FX Capital Securities Ltd – registered in England and Wales, registration number 6323311.Authorised by the Financial Services Authority (FRN 531019) for the provision of payment services.Registered with HM Revenue & Customs as a Money Services Business “MSB” (Reg. No. 12272696).Private Client Terms – Version 0303201119.3ThelinkbetweenjointCustomersand/oranyindividualidentified,asthefinancialpartneroftheCustomerwillbecreatedbycreditreferenceagenciesthatwilllinkthesefinancialrecords.TheCustomerandanyoneelsewithwhomtheCustomerhasafinanciallinkunderstandsthateachothersinformationwillbetakenintoaccountinrelationtoallfutureOrdersforeitherorboth.ThislinkingwillcontinueuntiloneoftheCustomerorhisfinancialpartnersuccessfullyfilesadisassociationatthecreditreferenceagencies.19.4ThedatacontrollerforthepurposesoftheDataProtectionAct1998istheDataProtectionOfficer.19.5TheCustomerauthorisestheCompanytotransferinformationrelatingtohimtotheCustomer’sbankholdingtheDestinationAccountorotheradviseroftheCustomerwhetherornotoutsideEnglandandWales(andnotwithstandingthatwithinthatjurisdictionthedataprotectionlegislationofferslessprotectiontothecustomerthanunderEnglishlaw)ortoanyGovernmentaldepartmentorauthorityoranybankorotherfinancialinstitutioninordertocomplywithApplicableRegulationsorpursuanttoanorderofaCourtofcompetentjurisdiction.19.6IftheCustomerwritestotheCompanyandpaysafee,theCustomerhasarightforaccesstotheinformationheldbytheCompanyabouttheCustomer.19.7TheCustomerhasarightofaccesstoinformationheldbycreditreferenceagenciesabouttheCustomeronpaymentofafee.IftheCustomerasks,theCompanywilltelltheCustomerthenameandaddressofthecreditreferenceagenciestheCompanymayuse.19.8TheCompanyisauthorisedtomonitorandrecordtelephoneconversationsforthepurposessetoutinClause3.4.19.9TheCompanywillsharecustomerinformationwithotherfirmswithintheFXCapitalGroupofCompanies.19.20TheCompanymaysharecustomerinformationwithanotherfirmorindividualintheeventthattheCustomerwasintroducedtothecompanybythisthirdparty.IntheeventthattheCustomerdoesnotwantthecompanytoprovidesuchinformationtoanintroducingagent/partytheyshouldwritetotheCompanyinstructingthatinformationshouldnotbeprovidedtoathirdparty.20.COMPLAINTSPROCEDURETheCompanyhasawrittenpolicyfortheinternalhandlingofcomplaintsandhowweensurethatwedealwitheachcomplaintpromptlyandfairly.YoucanobtainasummaryfromtheCompanyshouldyousorequest.Shouldyouhavecausetocomplainforanyreasonacopyofourpolicyforhandlingcomplaintswillbeautomaticallysenttoyou.AnycomplaintrelatingtoamoneytransfermustbemadeorconfirmedinwritingandthecomplaintshouldbeaddressedtotheComplianceOfficer,FXCapitalSecuritiesLimited,MercuryHouse,TritonCourt,14FinsburySquare,LondonEC2A1BR.ClientsshouldbeawarethatiftheyareunhappywithanyresponsetoacomplaintreceivedfromthecompanywhenrelatingtoaMoneyTransfer,theymaycomplaindirectlytotheFinancialOmbudsmanService,SouthQuay,183MarshWall,LondonE149SR.21.PARTIALINVALIDITYAlltheprovisionsinaTransactionaredistinctandseverableandifanytermorprovisionisheldordeclaredtobeunenforceableillegalorvoidinwholeorinpartbyanyCourt,regulatoryauthorityorothercompetentauthority,itwilltothatextentbedeemednottoformpartoftheTransactionandtheenforceabilitylegalityandvalidityoftheremainderoftheTransactionwillnotbeaffected.However,ifasaresultoftheoperationofthisClausetherightsandobligationsofapartyaremateriallyalteredtothedetrimentofthatparty,thatpartymayterminatetheTransactionbywrittennoticetotheotherwithinfiveBusinessdaysfromthedateoftherelevantdecisionoftherelevantCourtorothercompetentauthority.22.NOTICES22.1AnynoticesinwritinginconnectionwiththeTransactionmaybedeliveredeitherbyhandorfirstclasspre-­‐paidletterpostorbyfaxoremailtothereceivingpartyattheaddresssetoutintherelevantcustomerapplicationformorotherwisepreviouslynotifiedtotheotherpartyinwriting.22.2Noticeinwritingwilltakeeffect:-­‐(a)Ifdeliveredpersonally,atthetimeofdeliverytotheaddressreferredtoabove;(b)Ifsentbymail,twodaysafterpostingit;(c)Ifsentbyfaxoremail,tothefaxoremailaddressoftheCustomersetoutintheApplicationForm,atthetimeofitstransmission.22.3Anynoticegivenverballyshalltakeeffectatthetimeatwhichitwasgiven.23.CONTRACT(RIGHTSOFTHIRDPARTIES)ACT1999ThepartiesagreethatitisnottheirintentionthatthecontractualrightsarisinginrelationtoaTransactionshouldbeenforceablebyathirdparty.24.LAWANDJURISDICTIONEnglishLawgovernstheseConditionsandeachTransactionandthepartiessubmittothenon-­‐exclusivejurisdictionoftheEnglishCourts.ANNEX1TheinformationthatmaybeincludedinanOrderandOrderConfirmationNoticemayinclude,butisnotlimitedto,thefollowinginformation:(i)theCurrenciesbeingpurchasedandsoldbytheCustomer,(ii)thequantityofsuchCurrencies,(iii)theapplicablerateofexchange(iv)theSettlementDate(v)theDestinationAccountincluding;theaddressofthebankatwhichtheDestinationAccountisheld;thenumberoftheDestinationAccount;andotherrelevantinformationregardingtheDestinationAccount(vi)methodofpayment