Your Agreement with Millers Capital Investments Pte Ltd
This agreement encompasses the terms set forth for an advisory account with Millers Capital Investments Pte Ltd (‘Millers Capital’). The terms ‘You’, ‘Your’, and ‘Client’ refer to the ‘Individual’, ‘Person(s)’, or ‘Entity’ who is the registered owner of the account with Millers Capital.
Amendments of Terms & Conditions
Millers Capital is entitled to amend these Terms & Conditions without notice if the amendments do not materially disadvantage the Client. Amendments that are materially adverse to the Client may occur, provided that Millers Capital gives thirty days’ notice.
Warranties, Indemnities & Default
The Client warrants and represents that they have full power to enter into and perform their obligations under these Terms. The Client is willing and able, financially and otherwise, to assume the risks associated with speculative investments. It complies with all laws applicable to it, including, without limitation, all tax laws and regulations, exchange control requirements, sanctions, and registration requirements. The information provided by Millers Capital is complete, accurate, and not misleading in any material respect.
The Client authorises Millers Capital to buy, sell, apply, set off and/or charge in any manner any or all of the collateral to discharge any or all of the Client’s obligations owed to Millers Capital.
If the Client breaches these Terms, including, but not limited to, failure to make any payment or perform any act required under these Terms, or if the Client fails to remit funds necessary for Millers Capital to take delivery of any trades on the first due date; if any representations or warranties given by the Client are, or become, untrue or misleading; Millers Capital shall not be liable for any failure, hindrance, or delay in performing its obligations where such failure is directly or indirectly due to any Force Majeure Event.
Responsibility
The Client shall be responsible for all orders and instructions provided, the accuracy of all information in the Client’s name, and any other personal identification means implemented to identify the Client.
The Client authorises Millers Capital, on behalf of the Client, to take any or all actions required to enforce and/or preserve Millers Capital’s rights, without notice to the Client, and acknowledges that Millers Capital shall not be responsible for any losses or consequences unless Millers Capital has exercised negligence or materially breached these Terms.
Service Fees
Millers Capital will charge commissions and fees related to the purchase and sale of securities. Fees will be charged as a fixed amount corresponding to the transaction; this will be a one percent charge on the purchase and sale of all securities by Millers Capital.
Risk Acknowledgement
The Client acknowledges, recognises, and understands that: Past results are not indicative of future results and may not be reproduced. The value of shares can increase as well as decrease, and no assurance can be made. The value of shares might fluctuate due to changes in currency rates. As a result, profit on an investment is not guaranteed, and an investor may lose money.
Past results are presented before any deductions for taxes. When the Client instructs or requests Millers Capital to enter into any trades or purchase any securities, any profit or loss on such trades will be entirely for the Client’s own account and risk; unless otherwise expressly agreed, Millers Capital shall not conduct any continuous monitoring of the transactions entered into by the Client neither automatically nor manually.
Advisory Service Millers Capital provides advisory services to the Client unless otherwise agreed. Millers Capital accepts no obligation to provide information or recommendations regarding any financial product or service.
When Millers Capital includes advice, information, or recommendations to the Client, Millers Capital makes no representation, warranty, or guarantee as to, and shall not be responsible for, the profitability, accuracy, or completeness of such advice, information or recommendations.
Millers Capital does not provide any advice to the Client on any tax-related matters. Millers Capital encourages the Client to obtain independent advice from its auditor and/or legal counsel concerning tax implications of the respective Services.
The Client acknowledges, recognises, and accepts that: Any recommendation and any information communicated by Millers Capital does not constitute an offer to enter into a trade(s) or an offer to buy or sell or the solicitation of an offer to buy or sell any Instrument.
Such recommendation and information, although based upon information from sources believed by Millers Capital to be reliable, may be based solely on a broker’s opinion. Any information communicated may be incomplete and may be unverified and/or unverifiable.
Termination
The Client relationship shall remain in force until terminated. The Client is entitled to terminate the relationship with Millers Capital immediately by giving written notice. Millers Capital is entitled to terminate the relationship with the Client by providing a minimum of one month’s notice on a durable medium.
