Common use of DECLARATION AND SIGNATURE Clause in Contracts

DECLARATION AND SIGNATURE. The Client hereby declares that:- (a) the Client is trading on Client’s own account; (b) Client has been advised, prior to execution of this agreement, of his right to seek independent legal advice on the terms and legal implications of this agreement; (c) the Client has read and fully understands the contents of this agreement and fully accepts all the terms and conditions set out herein and agrees to be bound by them; and (d) the Client’s information statement given by the Client is true and complete. The risk of loss in Precious Metals trading on margin can be substantial. You agree that you may sustain losses in excess of your initial margin funds. The placing of contingent orders such as “stop-loss” or “stop-limit” orders may not necessarily limit your losses to the intended amount. Certain market conditions may make it impossible to execute such orders. You agree that you may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated at a loss. You will remain liable for any resulting losses in your account. You should therefore carefully consider whether such trading is suitable in light of your own financial position and investment objectives.