Common use of Interested Person Clause in Contracts

Interested Person. a Person who is not a Customer of the Company however he is interested on the Services provided by the Company therefore he is granted with a Trial Account. Introducing Broker – a Person (including its employees, subsidiaries, sub-agent and affiliates) which is remunerated by the Company for referral of Customers to the Company. KYC Process – means any "Know Your Customer" process required to be made by the Company under applicable Laws and Regulations, and which are designed to identify the Customer, verify the identity of the Customer, perform background checks on the Customer, construct an economic profile of the Customer and assess the appropriateness of the Services to the Customer. Laws and Regulations – Cyprus Law 87(I)/2017, which implemented ‘MiFID II’ in Cyprus Law and which provides for the provision of Investment Services, the exercise of Investment Activities, the operation of Regulated Markets and Regulation (EU) 600/2014 (MiFIR), as well as the regulations, arrangements, directives, circulars and customs of the Cyprus Securities and Exchange Commission (CySEC), the Central Bank of Cyprus, the Law 188(Ι)/2007 for the Prevention and Suppression of Money Laundering and Terrorist Financing Law and any other authorities which govern the operation of Cyprus Investment Firms (as defined in such Laws and Regulations), as they are amended or modified from time to time. Lot – “A lot refers to a set amount of a particular asset that is the amount you buy or sell with each transaction. In the financial markets, a lot represents the standardized quantity of a financial instrument as set out by the broker. It means that investors have a standardized contract and always known how much of an asset they are trading when they open a position. A lot can refer to any asset class or financial instrument.” Market Maker - means a person (Company or individual) who is active on the financial markets on a continuous basis as being willing to deal on own account by buying and selling financial instruments against his proprietary capital at prices defined by him. Margin – the necessary guarantee funds to open positions, as determined in the trading conditions. Margin Level – index characterizing the account, calculated as: Equity/Margin. Negative Target Market - Clients with no understanding of capital markets and derivatives and experience in Open Position – deal of purchase (sale) not covered by the opposite sale (purchase) of the contract. Operating (Trading) Time of the Company – period of time within a business week, where the trading terminal of the Company provides the opportunity of trading operations. The Company reserves the right to alter this period of time as fit, upon notification to the Customer. Politically Exposed Person - a natural person who has its place of residence in a European Union Member State or in third countries, and who is or has been, or any of its immediate family members or persons known to be close associates of such person are or have been, entrusted with prominent public functions.