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Please read the terms & conditions before downloading the CIS key forms.
- All correspondence should be retained by the Agent unless written instructions to the contrary are received.
- I / We release the Agent from any responsibility and liability
towards myself / ourselves or third parties arising by virtue of the Agent's strict adherence to these institutions.
- I / We agree to hold the Agent harmless and to indemnify the Agent for all costs and damages which the Agent may incur by reason of the above.
- I / We authorize the Agent to destroy these documents unless they are collected within ONE (1) Year. I / We undertake to pay the Agent a
fee for this service.
TELEPHONE, TELEX, TELEGRAPH OR FACSIMILE INSTRUCTIONS.
- I / We authorize the Agent to accept and execute any
instructions given by telephone, tested or untested telex, facsimile or telegram regardless of the nature of the transaction, amount or beneficiary unless written instructions to the contrary are received and acknowledged by the Agent.
- Upon request I / We agree to confirm such instructions in writing and agree that the Agent, at its sole discretion, may suspend the
execution of any order or instruction given by telephone, tested or untested telex, facsimile or telegram, until it receives such written confirmation.
- I / We am /are fully aware of the risk which such procedure may entail, and in particular of the risk of errors in transmission or
of misunderstanding, alteration and duplication. I / We assume the entire responsibility for such risks and hereby fully discharge the Agent in advance of any responsibility for problems or
losses arising from this arrangement made at my / our request.
- I / We acknowledge having read the Account Application and the
General Conditions governing my / our business relationship with the Agent and agree fully with its terms and conditions.
POWER OF ATTORNEY
- Powers of Attorney are
not deemed revoked as a result of the death or legal incapacity of the attorneys unless and until valid written notice of revocation is received by the Agent. The attorneys may exercise all rights granted by the Principal(s). The Agent must be notified in writing of any changes in the signature authority.
- This Power of Attorney
shall not be terminated by the death, declaration of absence, legal incapacity of bankruptcy of the Principal (s) or any other causes of termination, but shall remain in force until the Agent receives formal notice of termination in writing. Such termination shall not affect transactions already commenced but not completed. Signature(s) of the attorneys are certified as genuine by the Principal(s).
APPLICABLE LAW AND PLACE OF JURISDICTION
- All legal relations between the principal(s) and/or attorneys and the Agent are governed by Cyprus law.
- Place of performance and place of debt collection for the Principal(s) and/ or attorneys domiciled or residing outside of Cyprus,
as well as the exclusive place of jurisdiction for all proceedings, irrespective of the domicile or residence of the Principal(s) and/or attorneys, is Nicosia.
- However, the Agent is entitled to sue or to commence any legal proceedings against the Principal(s) and/or attorneys in any
competent court or before any competent authority at his/their domicile or in any other court or before any authority having jurisdiction.
JOINT & SEVERAL ACCOUNT
As joint depositors and joint creditors in any
currency and/or safekeeping account and/or safe deposit account (hereinafter the "Joint and Several Account" or "Account"). The Account is subject to the Agent's General Conditions, any special regulations issued by the Agent and to the following provisions:
- Each Account Holder is authorized to dispose
of the Joint and Several Account individually and without restriction and is authorized to give complete legal discharge to the Agent. Each Account Holder is authorized to delegate powers of attorney to third parties without obtaining consent of the other Account Holder(s).
- In the event the Agent receives a credit in favour of one Account Holder in the joint and Several Account, whether received
by one of the Account Holders or a third party, the Agent reserves the right to credit the Joint and Several Account unless specific instructions to the contrary are included in the advice.
- The Account Holders will be jointly and severally liable to the Agent for all transactions entered into by any one of
them, even if such transactions have the effect of giving rise to withdrawals in excess of the balance available on the Joint and Several Account.
- The Agent is entitled at any time and without prior authorization to set off the balance on the Joint and Several Account against
that of any other account(s), opened or to be opened, in its books by any of the Account Holders, whatever the nature or currency of such account(s).
- This
Agreement is restricted to the individual rights of the Account Holders relative to the Joint and Several Account and is not concerned with their internal relationship and, in particular, their respective rights of ownership or those of their heirs
- If any
of the Account Holders should die, the surviving Account Holder(s) shall retain exclusively the rights and obligations of this Agreement vis-a-vis the heirs of the deceased Account Holder(s) or any third party. This Agreement will then only apply between the surviving Account Holder(s) and the Agent to the exclusion of any other person.
- Applicable Law and Place of Jurisdiction. All legal relations between the Account Holders and the Agent are governed by
Cyprus Law.
Place of performance and place of debt collection for the Account holders domiciled or residing outside of Cyprus, as well as the exclusive place of jurisdiction for all proceedings, irrespective of the domicile or residence of the Account Holders, is Nicosia. However, the Agent is entitled to sue or to commence any legal proceedings against the Account Holders in any competent court or before any competent authority at their domicile or any other court or before any authority having jurisdiction. The Account Holders elect special domicile at the Agent for the discharge of all their obligations.
In all
other respects the General Conditions and any special regulations of the Agent shall apply, which the Account Holders declare to have received, to understand and expressly consent to by signing this Agreement for a Joint and Several Account.
DISCRETIONARY INVESTMENT AGREEMENT
The Undersigned (hereinafter "the Principal(s)") hereby appoints CristalTimes S.A. Renfrew International
(hereinafter "the Agent") with the management of balances of the Principal(s) deposited at any time in current accounts, deposit accounts, time deposit accounts or precious metals accounts with the Agent (or with any other institution to the order of the Agent) and with the management of the securities held in the securities safekeeping account(s) of the Principal(s) at the Agent (or at any other institution to the order of the Agent) in conformity with the following provisions:
- Subject to any specific instructions given by the Principal(s), the Agent performs the management at its own discretion and is
accordingly not subject to any restrictions regarding the selection of the investment object and the time the investment is effected. The Agent may invest the credit balances in shares, bonds,
investment trust certificates, mortgages, notes, money-market instruments, time deposits, precious metals and all other types of investment according to the Agent's usual practice, as well as acquire
sub-participations
and effect fiduciary investments for the account of the Principal(s). The Agent is entitled to change existing investments repeatedly at any time, to terminate, collect and reinvest credit balances, to purchase and sell securities and precious metals, and generally to perform all acts of disposal with the exception of pledging. The Agent is entitled to acquire and sell securities on official securities exchanges or on the over-the-counter market. The Agent must balance any account having debit balances resulting from the purchase of investments by sales of assets at the earliest possible time. The Agent is authorized to hold temporarily un-invested funds to the credit of an account in its books in the name of the Principal(s). Foreign exchange transactions on a forward basis are only permitted if they serve to cover the exchange risk on an existing investment. In the event the the Agent is requested to grant a credit facility secured by collateral of the Principle(s) pledge in favour of the Agent, it is at the Agent's discretion to what, if any, extent the collateral will be margin-able.
- It is hereby understood that the Agent will not be held responsible for the choice of any investment, for the fluctuations
in the value of the same, for changes in interest rates and for any consequent modification in levels of remuneration.
- The Principal(s) and the Agent agree that the following specific instructions must be
observed in connection with the investments that are to be effected.
- The Agent is entitled, but not bound, to exercise the rights as shareholder, co-owner, etc. arising from the investments. However
specific proxy has been provided by the registered owners on a case by case basis. The Agent may apply such voting rights at General Meetings in the way it considers the most appropriate.
- The Agent is expressly authorized to delegate all or part of the investment management services described herein to a third party,
at its entire discretion. The Agent may compensate such third parties for such service as its sole discretion
- The Agent charges an annual management fee for this mandate.
- This
Discretionary Investment Management Agreement shall not be terminated by the death, legal incapacity or bankruptcy of the Principal(s) or any other causes of termination but shall remain in force until the Agent shall have received formal notice of termination in writing. Such notice shall not affect operations which have not yet been completed or matured
- Applicable Law and Place of Jurisdiction.
All legal relations between the Principal(s) and the Agent are governed by Cyprus Law.
Place of performance and place of debt collection for the Principal(s) domiciled or residing outside of Cyprus,
as well as the exclusive place of jurisdiction for all proceedings, irrespective of the domicile orresidence of the Principal(s), is Nicosia
However,
the Agent is entitled to sue or to commence any legal proceedings against the Principal(s) by any competent court or before any competent authority at his/their domicile or in any other court or before any authority having jurisdiction. The Principal(s) elect(s) special domicile at the Agent for the discharge of all his/their obligations
In all other respects the General Conditions
and any special regulations of the Agent shall apply, which the Principal(s) declare ((s) to have received, to understand and to expressly consent to by signing this Discretionary Investment Management Agreement.
Fiduciary Deposit & Money Market Funds Agreement
Fiduciary Deposit and Money Market Funds Agreement between
Account Holder (here in after referred to as the "Customer") and
CristalTimes S.A. Renfrew International (hereinafter referred to as the "Agent")
- The Customer hereby instructs the Agent to effect capital investments in the form of time fiduciary
deposits with other banks outside Cyprus in the Agent's own name but for the account and at the risk of the Customer. The Agent acts at its own discretion in this connection. However, the Customer is expressly authorized under this Agreement to issue specific written instructions to the Agent with regard to such time deposits.
- Time deposits are effected within the limits of the Customer's existing credit balances. It is agreed that in the case
of deposits which the Agent places at its own discretion it may not utilize any of the credit facilities granted to the Customer.
- The amount currency and conditions of the deposits involved shall be designated at the discretion of the Agent or by the Customer
in specific written
instructions. Specific instructions in writing concerning the renewal of time deposits which are due for repayment must reach the Agent at the latest 5 working days prior to the due date, otherwise the Agent decides at its option on the renewal, if any, and the conditions of the deposit
- The Agent has the sole
obligation of paying to the Customer such amounts as have been credited to the Agent for its free disposal in the form of repayment of principal and of payment of interest.
- If the bank outside Cyprus
does not fulfill its commitments or fulfills them only partially or if it cannot meet its obligations due to transfer restrictions and foreign exchange controls imposed in its own country or domicile, or in the country of the denominating currency, the Agent is obligated solely to assign to the Customer the claim held on his behalf. The Agent is under no obligation to perform any other services.
- The Agent charges the Customer a fiduciary commission, according to its schedule,
calculated as a percentage of the amount invested at the time the deposit is made, and any expenses incurred. These commissions can be changed at any time. Such alterations will be announced in writing
- This Fiduciary Deposit and
Money Market Funds Agreement shall not be terminated by the death, incapacity or bankruptcy of the Customer or any other causes of termination set forth in Articles 35 and 405 of the Cyprus Code of Obligations. It shall remain in force until the Agent receives formal notice of termination in writing from the Customer or until the Agreement is canceled by the Agent. Any notice of termination will not affect transactions or operations which have not completed or matured. Notice of termination must reach the Agent at least 5 working days prior to the date of maturity of any current fiduciary deposit.
- Applicable Law and Place of jurisdiction. All legal relations between the Customer and the Agent are governed by
Cyprus law. Place of performance and place of debt collection for the Customer domiciled or residing outside of Cyprus, as well as the exclusive place of jurisdiction for all proceedings,
irrespective of the residence or domicile
of the Customer, is Nicosia. However, the Agent is entitled to sue or to commence any legal proceedings against the Customer in any competent court or before any competent authority at his domicile or in any other court or before any authority having jurisdiction.
In
all other respects the General Conditions and any special regulations of the Agent shall apply, which the Customer declares to have received, to understand and expressly consents to by signing this Fiduciary Deposit and Money Market Funds Agreement
THIRD PARTY POWER OF ATTORNEY
As
Attorney, legally to represent me/us in the capacity of a holder of a Limited Power of Attorney in dealing with CristalTimes S.A. Renfrew International ("the Agent") with respect the above mentioned Account (the "Account") and in accordance with the following provisions:
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