Exhibit 7
Deutsche Banc Alex. Xxxxx Deutsche Banc [ X ]
ACCOUNT AGREEMENT
_________________________________
Name(s)
_________________________________
Deutsche Banc Alex. Xxxxx Inc.
_________________________________ X.X. Xxx 000
Xxxxxxx Xxxxxxxxx, XX 00000
_________________________________
_________________________________ __________________________________
City State Zip Code Account Number
IMPORTANT: PLEASE SIGN AND RETURN THIS ACCOUNT AGREEMENT IN THE ENCLOSED
ENVELOPE
In consideration of Deutsche Banc Alex. Xxxxx Inc. (referred
to herein as "Deutsche Banc Alex. Xxxxx") accepting the
Account(s) of the Undersigned, and agreeing to act as my
broker, I agree to the following with respect to each of My
Account(s) with you, in which I currently or in the future
have an interest, for the extension of credit or the
purchaseor sale of securities, options or other property.
Throughout this Agreement, "I," "me," "my," "we" and "us"
and "the undersigned" refer to the person(s) whose
signature(s) appear(s) below and all others who are legally
obligated on this account. "Account(s) of the Undersigned"
and "My Account(s)" shall mean each and every account in the
name of the undersigned and each and every account in which
the undersigned may have an interest. "You" and "your" refer
to Deutsche Banc Alex. Xxxxx Inc., its subsidiaries,
affiliates, officers, directors, agents and employees.
Deutsche Banc Alex. Xxxxx Inc. is a subsidiary of Deutsche
Bank AG. As used herein, the term "affiliate of Deutsche
Bank" means Deutsche Bank AG and its subsidiaries and
affiliates. Each of Deutsche Bank and its affiliates is a
separately incorporated legal entity, none of which is
responsible for the obligations of the others. "Securities
and Other Property" shall include, but shall not be limited
to, money and securities, financial instruments, commodities
of every kind and nature, and all contracts and options
relating to any thereof (whether for present or future
delivery), owned by the undersigned or in which the
undersigned has an interest. Where the context requires, the
singular shall be plural and the plural shall be singular.
1. Representations
Unless I have advised you otherwise in writing, I represent
that I am of legal age, that I am not an employee or member
of any securities exchange (or corporation of whichany
exchange owns a majority of the capital stock), the National
Association of Securities Dealers, Inc., or of any broker-
dealer, nor am I a senior officer of any bank, savings and
loan institution, insurance company, investment company,
investment advisory firm or institution that purchases
securities, nor am I a member of the immediate family of
such a person. I further represent that I am financially
capable of satisfying any obligations undertaken through My
Account(s) and that no one except the persons named on the
account(s) has any interest in the account(s). I will
promptly notify you in writing if any of the above
circumstances change. I acknowledge that the purchase and
sale of securities entails substantial economic risk, and I
represent to you that I knowingly and willingly assume such
risk.
2. Applicable Rules and Regulations
All transactions in My Account(s) shall be subject to the
constitution, rules, regulations, customs and usages of the
exchange or market, and its clearing house, if any, where
the transactions are executed. Transactions shall also be
subject to the provisions of federal and state securities
laws, as amended, and to the rules and regulations of the
Securities and Exchange Commission and the Board of
Governors of the Federal Reserve System. You shall not be
liable for any loss caused directly or indirectly by your
compliance with such rules or regulations or by government
restrictions, exchange or market rulings, suspension of
trading, war, or other conditions beyond your control.
3. Confirmations, Statements and Written Communications
I agree to notify you in writing, within ten (10) days of
your sending me a confirmation, of any objection I have to
any transaction in My Account(s). In the absence of such
written notification, I agree that all transactions for My
Account(s) will be final and binding on me. Confirmations of
transactions, as well as other communications, may be sent
to the address I provided to you or to such other address I
may hereafter give to you in writing, and all communications
so sent, whether by mail, private carrier, facsimile,
messenger, electronically or otherwise, shall be deemed
given to me, whether actually received or not. Unless I
advise you in writing to the contrary, you may disclose my
name and address to the issuers of securities which you hold
for me.
4. Aggregation of Orders and Average Prices
I authorize you, at your discretion, to aggregate orders for
My Account(s) with other customer orders. I recognize that
in so doing, I may receive an average price for my orders
which may be different from the price(s) I might have
received had my orders not been aggregated. I understand
that this practice may also result in my orders being only
partially completed.
5. Cash Accounts.
This paragraph relates to and is effective solely with
respect to cash accounts: (i) The undersigned will make full
cash payment on or before settlement date for each security
purchased, unless funds sufficient therefor are already held
in the account; (ii) the undersigned does not contemplate
selling any security before it is paid for as provided in
the preceding clause; (iii) the undersigned will own each
security sold at the time of sale and, unless such security
is already held in the account, will promptly deliver such
security thereto on or before settlement date; and (iv) the
undersigned will promptly make full cash payment of any
amount which may become due in order to meet necessary
requests for additional deposits or, with respect to any
unissued security purchased or sold, to xxxx to the market.
6. Short and Long Orders; Deliveries and Settlements
I agree that, in giving orders to sell, all "short" sales
will be designated by me as "short" and all other sales will
be designated by you as "long." "Short sale" means any sale
of a security not owned by me or any sale that is
consummated on settlement date by delivery of a borrowed
security. I also agree that you may, at your discretion,
immediately cover any short sales in My Account(s), without
prior notice. My failure to designate a sale order as
"short" is a representation on my part that I own the
security free of restriction, and if the security is not in
your possession at the time of the sale, I agree to deliver
the security to you by settlement date. In case of non-
delivery of a security, you are authorized to purchase the
security to cover my position and charge any loss,
commissions and fees to My Account(s). I agree that if you
fail to receive payment for securities I have purchased you
may, without prior demand or notice, sell those securities
or other property held by you in any of My Account(s)s with
you and any loss resulting therefrom will be charged to such
account(s). I authorize you, at your discretion, to request
and obtain extension(s) of my time to make payment for
securitiesI purchase, as provided for by Federal Reserve
Bank Regulation T.
AA2 (8/01)
7. Authority to Borrow
In case of the sale of any security or other property by you
at my direction and your inability to timely deliver the
same to the purchaser by reason of my failure to supply
youtherewith, I authorize you to purchase or borrow any
security or other property necessary to make the required
delivery, and I agree to be responsible for any loss or
cost, including interest, which you sustain as a result of
my failure to make delivery to you.
8. Interest Charges
I acknowledge that debit balances in my cash or margin
account, including but not limited to those arising from my
failure to make payment by settlement date for securities
purchased, will be charged interest at the then current
rate, in accordance with your usual custom. Interest will be
computed on the net daily debit balance, which is computed
by combining all debit balances and credit balances in each
account with the exception of credit balances associated
with short security positions. I acknowledge receipt of your
statement regarding interest charges and that you may charge
an account maintenance fee with respect to inactive
accounts.
9. Credit Information and Investigation
I authorize you to obtain reports concerning my credit
standing and business conduct at your discretion. I also
authorize you and any affiliate of Deutsche Bank (including,
without limitation, Deutsche Bank AG) to share among such
affiliates such information and any other confidential
information you and such affiliate(s) may have about me and
My Account(s).
10.Satisfaction of Indebtedness
I agree to satisfy, upon demand, any indebtedness, including
any interest and commission charges. I further agree to pay
the reasonable costs and expenses of collection of any
amount I owe you, including reasonable attorney's fees and
court costs.
11.Liens
I hereby grant to you and all affiliates of Deutsche Bank AG
a security interest in all securities and other property in
your possession or in the possession of any of your
affiliates in which I have an interest in order to secure
any and all indebtedness or any other of my obligations to
you or any affiliate of Deutsche Bank AG. All such
securities and other property shall be held as security for
the payment of any such obligations or indebtedness in any
account with you in which I have an interest, and you may,
in your discretion, at any time and without prior notice,
sell and/or transfer any or all securities and other
property in order to satisfy such obligations. In enforcing
this lien, you shall have the discretion to determine which
securities and property are to be sold and/or which
contracts are to be closed.
12.Margin Maintenance, Calls for Additional Collateral,
Liquidations and Covering Short Positions
If I engage in margin transactions, I will maintain such
securities and other property in My Account(s) for margin
purposes as you shall require from time to time in your sole
discretion for any reason whatsoever. You shall have the
right in accordance with your general policies regarding
margin maintenance requirements, as such may be modified or
amended from time to time, to require additional collateral
or the liquidation of any securities and other property
whenever in your sole discretion you consider it necessary
for your protection. You may do so under circumstances which
include, but are not limited to, the failure to promptly
meet any call for additional collateral, the filing of a
petition in bankruptcy, the appointment of a receiver by or
against me or the attachment or levy against any account
with you in which I have an interest. In such event, you are
authorized to sell any and all securities and other property
in any of My Account(s) with you whether carried
individually or jointly with others, to buy all securities
or other property which may be short in such account, to
cancel any open orders and to close any or all outstanding
contracts, all without demand for margin or additional
margin, notice of sale or purchase, or other notice or
advertisement, each of which is expressly waived. Upon a
default, I will also bear the cost of preserving the value
of collateral, including hedging transactions that may be
executed at your discretion. Any sales or purchases
hereunder may be made at your discretion on any exchange or
other market where such business is usually transacted or at
public auction or private sale, and you may be the purchaser
for your own account. I understand that any prior demand, or
call, or prior notice of the time and place of such sale or
purchase shall not be considered a waiver of your right to
sell or buy without demand or notice as provided herein.
00.Xxxx or Pledge of Securities and Other Property
Within the limitations imposed by applicable law, all
securities and other property now or hereafter held, carried
or maintained by you in your possession that have not been
fully paid for or are held in a margin account may be lent,
either to yourself or to others, pledged and repledged by
you, without notice to me, either separately or in common
with other securities and other property of your other
customers for any amount due in any account with you in
which I have an interest, or for any greater amount, and you
may do so without retaining in your possession or control
for delivery a like amount of similar securities or other
property. I understand that while securities held for My
Account(s) are loaned out, I will lose voting rights
attendant to such securities.
14.Third Party Authorization; No Agency
If I have authorized any registered investment adviser or
other third party to give you instructions with respect to
My Account(s) with you, you are authorized to accept from
such third party, without inquiry or investigation by you,
(i) orders for the purchase or sale of securities or other
property for My Account(s), on margin or otherwise and (ii)
any other instructions concerning my account(s). I
understand that any investment adviser or other third party
I authorize to act for me, whether or not referred to me by
you, is not your agent and that you shall have no
responsibility or liability to me for any acts or omissions
of such third party, its officers, employees or agents.
15.Correspondent Account; No Agency
If My Account(s) has been introduced to you by arrangement
with another broker-dealer, you are authorized to accept
from such other broker-dealer, without inquiry or
investigation by you (i) orders for the purchase or sale of
securities or other property for My Account(s), on margin or
otherwise, and (ii) any other instructions concerning My
Account(s). I understand and agree that such other broker-
dealer is not your agent and that you shall have no
responsibility or liability to me for any acts or omissions
of such other broker-dealer, its officers, employees or agents.
16.Joint Accounts
If this is a Joint Account, we agree that each of us shall
have authority with respect to this account to deal with you
as if each of us alone were the account owner, all without
notice to the other account owner(s). We agree that notice
to any account owner shall be deemed to be notice to all
account owners. Each account owner shall be jointly and
severally liable for this account. You may follow the
instructions of any of us concerning this account and make
deliveries to any of us, of any or all property and payment,
even if such deliveries and/or payments shall be made to one
of us personally, and not to all of the account owners. You
shall be under no obligation to inquire into the purpose of
any such demand for delivery of securities or payment, and
you shall not be bound to see to the application or
disposition of the securities and/or monies so delivered or
paid to any of us. Notwithstanding the foregoing, you are
authorized, in your discretion, to require joint action by
all of the account owners with respect to any matter
concerning the account, including the giving or cancellation
of orders and the withdrawal of monies, securities or other
property. We agree that our account will be carried on your
books in the form reflected by the above account name. In
the event of the death of any of us, the survivor(s) shall
immediately give you written notice thereof, and you may,
before or after receiving such notice, take such action,
require such documents, retain such securities and/or
restrict transactions in the account as you may deem
advisable to protect you against any tax, liability, penalty
or loss under any present or future laws or otherwise. Any
cost resulting from the death of any of us, or through the
exercise by any decedent's estate or representatives of any
rights in the account shall be chargeable against the
interest of the survivor(s) as well as against the interest
of the estate of the decedent.
17.Foreign Securities
With respect to debt or equity securities of non-U.S.
issuers or debt or deposit instruments of non-U.S. banks
("Foreign Securities"), I acknowledge and understand that:
(i) Foreign Securities are, in most cases, not registered
with the Securities and Exchange Commission or listed on a
U.S. securities exchange; (ii) Foreign Securities,
particularly those of issuers in the so-called "emerging
markets" are often illiquid, are sometimes subject to legal
and/or contractual transfer restrictions, and it may be
difficult or impossible to dispose of such Foreign
Securities prior to the maturity thereof or to determine the
market price thereof for valuation purposes; (iii) Foreign
Securities, and the issuer, guarantors or other obligors
with respect thereto ("Obligors") are subject to a variety
or risks in addition to those typically faced in the case of
U.S. securities and issuers, including, among other things,
currency risk, exchange controls, confiscatory taxation,
withholding, limitations on the rights of security holders,
civil unrest, hyperinflation, discriminatory treatment of
foreign investors, etc.; (iv) there is often less
information available regarding Obligors, and such
information may be more difficult to interpret, than is the
case with U.S. issuers whose securities are subject to the
periodic reporting requirements under U.S. securities laws;
(v) there may be no effective means to determine if an
Obligor is in default of its obligations in respect of its
debt securities or other financial obligations (and you
specifically acknowledge that Foreign Securities purchased by
you may be in default at the time of purchase); (vi) the
Foreign Securities in question may be unrated; and (vii)
such securities are not suitable for all investors.
I authorize Deutsche Banc Alex. Xxxxx to purchase Foreign
Securities (and, in the case of Foreign Securities
denominated in foreign currencies, the relevant foreign
currencies) from or sell Foreign Securities (and foreign
exchange) to an affiliate of Deutsche Bank AG. In dealing
with such affiliates, such affiliates may take their normal
commissions, spreads or other fees without regard to
Deutsche Banc Alex. Brown's relationship with me.
18.Acknowledgment of Possible Conflicts of Interest
I acknowledge that the advice provided to me by your
employees may differ from the advice or the timing or nature
of action recommended by or taken by other individuals or
groups at Deutsche Banc Alex. Xxxxx and/or affiliates of
Deutsche Bank AG, whether acting as principal or agent. I
understand that you provide investment advice, portfolio
management and execution services for many clients and, in
addition, act as principals in various markets. Given these
different roles, individuals and groups at Deutsche Banc
Alex. Xxxxx and affiliates of Deutsche Bank AG are seldom of
one view as to an investment strategy and will often pursue
differing or conflicting strategies. Your employees shall
have no obligation to recommend to me or inform me of
strategies being pursued by you or by other clients. I also
acknowledge that: Deutsche Banc Alex. Xxxxx and affiliates
of Deutsche Bank AG may perform services for or solicit
business from issuers whose securities are recommended by
your employees; Deutsche Banc Alex. Xxxxx and affiliates of
Deutsche Bank AG may be paid fees by Registered Investment
Companies or other investment vehicles, including without
limitation fees for acting as investment advisor,
administrator, custodian and transfer agent; and Deutsche
Banc Alex. Xxxxx and affiliates of Deutsche Bank AG act as
brokers, principals, and/or market makers in certain markets
and may do so in transactions with me.
00.Xx FDIC Insurance, Not Obligations of Any Bank
I understand that the assets in My Account(s) are subject to
the risk of partial or total loss due to market fluctuations
or the insolvency of the issuer(s).
The assets in My Account(s) (including all related cash balances
and shares of any mutual fund) are not deposits or other obligations
of Deutsche Bank AG or any other bank, are not guaranteed by
Deutsche Bank AG and are not insured by the Federal Deposit
Insurance Corporation ("FDIC").
I may from time to time be offered investment products as to
which Deutsche Bank AG is an obligor. These products may be
complex, may not provide for the return of the full amount of
principal invested or for the payment of a fixed rate of interest
(or any interest) and will not usually be subject to FDIC insurance.
I will assume they are not subject to FDIC insurance and
that such products may not be protected as to principal or
interest unless Deutsche Bank AG states in writing that a
particular product is subject to FDIC insurance.
20.Arbitration
I understand that: (1) Arbitration is final and binding on
the parties. (2) The parties are waiving their right to seek
remedies in court, including the right to jury trial. (3)
Prearbitration discovery is generally more limited than and
different from court proceedings. (4) The arbitrators' award
is not required to include factual findings or legal
reasoning and any party's right to appeal or to seek
modification of rulings by the arbitrators is strictly
limited. (5) The panel of arbitrators would typically
include a minority of arbitrators who were or are affiliated
with the securities industry.
I agree to arbitrate with you any controversies which may arise,
whether or not based on events occurring prior to the date of
this agreement, including any controversy arising out of or
relating to any account with you, to the construction, performance
or breach of any agreement with you, or to transactions with or
through you, only before the New York Stock Exchange or the
National Association of Securities Dealers Regulation, Inc.,
at my election. I agree that I shall make my election by
registered mail to you, at X.X. Xxx 000, Xxxxxxxxx, XX 00000,
Attention Director of Compliance. If my election is not received by
you within ten (10) calendar days of receipt of a written
request from you that I make an election, then you may elect
the forum before which the arbitration shall be held.
Neither you nor I waive any right to seek equitable relief
pending arbitration. No person shall bring a putative or
certified class action to arbitration, nor seek to enforce
any pre-dispute arbitration agreement against any person who
has initiated in court a putative class action; or who is a
member of a putative class who has not opted out of the
class with respect to any claims encompassed by the punitive
class action until (1) the class certification is denied; or
(2) the class is decertified; or (3) the customer is
excluded from the class by the court. Such forbearance to
enforce an agreement to arbitrate shall not constitute a
waiver or any rights under this agreement except to the
extent stated herein.
21.Miscellaneous
This Agreement shall be binding upon my heirs, executors,
administrators, personal representatives and permitted
assigns. It shall inure to the benefit of your successors
and assigns to whom you may transfer My Account(s). This
Agreement contains the entire understanding between us
concerning the subject matter of this Agreement. I agree
that Deutsche Banc Alex. Xxxxx has the right to amend this
Agreement at any time by sending written notice of such
amendment to me. Any such amendment shall be effective as of
the date established by Deutsche Banc Alex. Xxxxx. If any
provision of this Agreement is held to be invalid, void or
unenforceable by reason of any law, rule, administrative
order or judicial decision, that determination shall not
affect the validity of the remaining provisions of this
Agreement. This Agreement shall be deemed to have been made
in the State of New York and shall be construed, and the
rights of the parties determined, in accordance with the
laws of the State of New York and the United States, as
amended, without giving effect to the choice of law or
conflict-of-laws provisions thereof.
22.Paragraph Headings
Paragraph headings are for convenience only and shall not
affect the meaning or interpretation of any provision of
this Agreement.
Please Complete 23a or 23b as applicable.
23a. Certification - Taxpayer Identification Number
Certification Instructions: I will cross out item (2) below
if I have been notified by the IRS that I am currently
subject to backup withholding because I have failed to
report all interest and dividends on my tax return. If I am
exempt from backup withholding, I will write the word
"Exempt" here:______. (For further information, see "Payees and
Payments Exempt from Backup Withholding" on IRS Form W-9, a
copy of which can be obtained from a Deutsche Banc Alex.
Xxxxx Investment Representative.)
Under penalties of perjury, I certify that: (1) The number
shown on this form is my correct Taxpayer Identification
Number (or I am waiting for a number to be issued to me),
(2) I am not subject to backup withholding because (a) I am
exempt from backup withholding or (b) I have not been
notified by the Internal Revenue Service (IRS) that I am
subject to backup withholding as a result of a failure to
report all interest or dividends, or (c) the IRS has
notified me that I am no longer subject to backup
withholding, and (3) I am a U.S. person ( including a U.S.
resident alien ).
BY SIGNING BELOW I ACKNOWLEDGE THAT I HAVE RECEIVED, READ
AND AGREE TO THE TERMS OF THIS AGREEMENT.
The Internal Revenue Service does not require your consent
to any provision of this document other than the
certifications required to avoid backup withholding. If this
is a Joint Account, all account owners must sign.
I ACKNOWLEDGE THAT MUTUAL FUNDS AND OTHER SECURITIES ARE NOT
INSURED BY THE FDIC, ARE NOT DEPOSITS OR OTHER OBLIGATIONS
OF, OR GUARANTEED BY, ANY BANK, AND ARE SUBJECT TO
INVESTMENT RISK, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL
INVESTED.
THIS AGREEMENT CONTAINS A PRE-DISPUTE ARBITRATION CLAUSE AT
PARAGRAPH 20.
Signature __________________________________ Date____________________
Social Security or Employer ID No.___________________________________
Signature___________________________________ Date____________________
Social Security or Employer ID No.___________________________________
Signature___________________________________ Date____________________
Social Security or Employer ID No.___________________________________
23b. Certification -- Non-U.S. Resident
Permanent Residence Address:_________________________________________
_____________________________________________________________________
Type of Beneficial Owner:____________________________________________
Country of Incorporation or Organization:____________________________
By signing below, I hereby certify under penalties of
perjury, (1) that (a) I am the beneficial owner of all the
income earned in My Account(s), (b) I am neither a citizen
nor a resident of the U.S. (and I have not made an election
to be treated as a resident because of my marriage to a
citizen or resident), (c) I have not been and do not intend
to be present in the U.S. for 183 days or more during any
calendar year in which this Agreement is
in effect, and (d) I am not a former citizen or long-term
resident of the United States subject to section 877
(relating to certain acts of expatriation) or (2) if signing
on behalf of a corporation, partnership, trust or estate,
that I am authorized to sign for the payee named on My
Account(s) and such payee (a) is the beneficial owner of all
the income earned in My Account(s) and (b) is not a United
States person and (3) that in either case, I
am neither engaged, nor expect to be, or any such named
payee is not and does not expect to be, engaged during the
year, in a U.S. trade or business that has effectively
connected income from transactions within My Account(s).
In addition, if I, or any such named payee, is claiming a
United States tax treaty benefit, I hereby certify, under
penalties of perjury, that I, or any such named payee, is a
resident of _____________________________________ within the
meaning of the income tax treaty between the United States
and that country. If required, a U.S. Taxpayer
Identification Number is included above. I also certify
under penalties of perjury that the named payee meets the
requirements of the article in the applicable treaty dealing
with limitations on benefits, if any, and derives the income
for which the treaty benefits are claimed.
Under penalties of perjury, I declare that I have examined
the information provided for in Paragraph 23b and to the
best of my knowledge and belief it is true, correct, and
complete.
BY SIGNING BELOW I ACKNOWLEDGE THAT I HAVE RECEIVED, READ
AND AGREE TO THE TERMS OF THIS AGREEMENT.
The Internal Revenue Service does not require your consent
to any provision of this document other than the
certifications required to avoid backup withholding. If this
is a Joint Account, all account owners must sign.
I ACKNOWLEDGE THAT MUTUAL FUNDS AND OTHER SECURITIES ARE NOT
INSURED BY THE FDIC, ARE NOT DEPOSITS OR OTHER OBLIGATIONS
OF, OR GUARANTEED BY, ANY BANK, AND ARE SUBJECT TO
INVESTMENT RISK, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL
INVESTED.
THIS AGREEMENT CONTAINS A PRE-DISPUTE ARBITRATION CLAUSE AT
PARAGRAPH 20.
Signature___________________________________ Date____________________
Social Security or Employer ID No.___________________________________
Signature___________________________________ Date____________________
Social Security or Employer ID No.___________________________________
PLEASE READ AND SIGN BELOW TO OPEN A MARGIN ACCOUNT.
I agree to open a margin account with you and acknowledge to
you that, in addition to the preceding information, I
understand each of the following:
* If I am not familiar with the mechanics and risks of
margin, I should not open a margin account or engage in
margin transactions.
* When I purchase securities on margin, I borrow money from
you to finance that purchase; I may also borrow against
collateral in my margin account for other purposes.
* I will be obligated to pay interest on all sums I borrow
from you.
* I may be required to deliver additional collateral
consisting of cash or securities to you to maintain my loan
balance, as you require.
* By using a margin account to leverage my investments, I
increase my risk of loss.
* Deutsche Banc Alex. Xxxxx will deduct all interest charges
from my account.
Deutsche Banc Alex. Xxxxx represents to me that:
* My current margin debit balance will appear on each
account statement Deutsche Banc Alex. Xxxxx sends to me.
* Deutsche Banc Alex. Xxxxx will charge me interest on a
monthly basis and will disclose on my account statement the
interest rate and total interest charge.
By signing below, I authorize you to open and carry a margin
account for my benefit, and acknowledge that securities in
my account may be loaned to Deutsche Banc Alex. Xxxxx as
principal or loaned to others. I also acknowledge that I
have received, read and agree to the terms of this
Agreement.
I ACKNOWLEDGE THAT MUTUAL FUNDS AND OTHER SECURITIES ARE NOT
INSURED BY THE FDIC, ARE NOT DEPOSITS OR OTHER OBLIGATIONS
OF, OR GUARANTEED BY, ANY BANK, AND ARE SUBJECT TO
INVESTMENT RISK, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL
INVESTED.
THIS AGREEMENT CONTAINS A PRE-DISPUTE ARBITRATION CLAUSE AT
PARAGRAPH 20.
Signature___________________________________ Date_________________________
Signature___________________________________ Date_________________________
Signature___________________________________ Date_________________________
Paragraph 23 of this Agreement includes a certification of
the Taxpayer Identification Number designated for this
account and a representation regarding the applicability of
backup withholding. If Deutsche Banc Alex. Xxxxx does not
receive this certification, it will be required to withhold
a portion of all payments to this account.
FOR OFFICE USE ONLY Branch Manager approval for margin accounts:
Signature_______________________________________ Date____________________
