Hafoo definition
Examples of Hafoo in a sentence
To the extent permitted by law, Client hereby waives any provision of any data protection, privacy, banking secrecy or other law or regulation of any jurisdiction and/or the terms of any confidentiality agreement, arrangement or understanding that would otherwise prevent compliance by Hafoo Securities and their agents and service providers with FATCA and/or other applicable law.
If Hafoo Securities is required pursuant to FATCA or otherwise by law to withhold or deduct any FATCA withholding taxes (including any penalties or interest payable in connection with any failure to pay or any delay in paying any such taxes) on any payments to the Client, Hafoo Securities may deduct such taxes and Hafoo Securities will not be required to increase any payment in respect of which Hafoo Securities makes such withholding.
To satisfy any liability, indebtedness and obligations owed by you to us, you agree that we may dispose or initiate the disposal of Securities owned by you any of our associated entities (as defined in the Securities and Futures Ordinance) or any member of us or the Hafoo and its subsidiaries.
We may transfer your Personal Information among the Hafoo, the Agents and their respective related and affiliated companies (within or outside Hong Kong).
Accordingly where the Client has now opened or hereafter opens both a securities cash account and a securities margin account with Hafoo, the relationship between the two parties shall be governed by both the Securities Cash Account Agreement and the Securities Margin Account Agreement.
The Client shall provide Hafoo Securities such additional documentation reasonably requested by Hafoo Securities to determine the amount to deduct and withhold from such payment.
Where the Client has now opened or hereafter opens any securities margin account with Hafoo, in so far as such securities margin account is concerned this Agreement is also termed Securities Margin Account Agreement.
Where the Client has now opened or hereafter opens any securities cash account with Hafoo, in so far as such securities cash account is concerned, this Agreement is also termed Securities Cash Account Agreement.
The Client hereby agrees and consents that Hafoo Securities and their agents and service providers may collect, store and process information obtained from the Client or otherwise in connection with this Agreement and/or the Client’s transactions for the purposes of complying with FATCA and/or other applicable law, including disclosures between Hafoo Securities and any of them and to the governmental authorities of the United States of America, Hong Kong and/or other jurisdictions.
If your Securities form part of a larger holding of identical Securities held by our Hafoo, a sum proportional to your share of the dividends, distributions or benefits shall be credited to your Account.