ASSURANCES, GUARANTEES AND COVERAGE Clause Samples

ASSURANCES, GUARANTEES AND COVERAGE. 6.1 The Client states, affirms and guarantees that: (a) Whatever money handed over to the Company belongs exclusively to the Client, free of any lien, charge, pledge and any other encumbrance, being no direct or indirect proceeds of any illegal act or omission or product of any criminal activity. (b) He acts for himself and not as a representative or a trustee of any third person, unless he has produced, to the satisfaction of the Company, a document and/or powers of attorney enabling him to act as representative and/or trustee of any third person; 6.2 The Client agrees and understands that the Company reserves the right to refund / send back to the remitter (or beneficial owner) any amounts received under sections i. and ii. of this paragraph, if the Company does not accept sufficient proof that these amounts are not, directly or indirectly, proceeds of any illegal act or omission or product of any criminal activity and/or belong to a third party and the Client has not produced sufficient excuse for that, and consents that the Company may reverse any or all types of previous transactions performed by the Client in any of his trading accounts and terminate the agreement under paragraph 18. The Company reserves the right to take any legal action against the Client to cover itself upon such an event and claim any damages caused to the Company by the Client as a result of such an event. 6.3 The Client will be assigned/given by the Company with a unique username and password in order to access his trading account. The Client can alter the password at any time; however, the username remains the same at all times unless modified by the Company. Under no circumstances, the Company will be held liable for any change to the Client’s access codes. Colmex Pro reserves the right to alter/change the client’s username upon prior notice to the Client. 6.4 The Client understands and accepts that all transactions in relation to trade in any of the Financial Instruments offered by the Company, will be performed only through the Trading Platform provided by the Company and the Financial Instruments are not transferable to any other Trading Platform whatsoever. 6.5 The Client guarantees the authenticity and validity of any document handed over by the Client to the Company. 6.6 The Company warns the client that leveraged products are of a high risk and the client can lose all or even more than the invested capital. For CFDs and Forex the Company provides ‘negative balance prot...