BIPL Securities Limited. ACCOUNT OPENING FORM · ZAKAT STATUS Please tick ... Aﬃ davit waiving Zakat deductions from your account on prescribed format shall be submitted. ... Account

1 BIPL Securities Limited

ACCOUNT HOLDER JOINT ACCOUNT HOLDER BROKER

BIPL S e c u r i t i e s L i m i t e d .

EQUITIES FOR INDIVIDUALS

ACCOUNTOPENINGFORM

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INSTRUCTIONS ENCLOSURES1. Please use BLOCK LETTERS to fill out this form.2. Columns which are not applicable should be marked “NA’” and initialed.3. Name and Signature of Applicant(s) should match with their CNIC(s)/Passport(s).4. Each page of the form must be duly signed by the Account Holder and the Joint Account Holder(s) as the case may be.5. Th e Account Holder(s) must thoroughly read the Terms and Conditions /Agreement carefully before signing.6. Cheques must be drawn payable to “BIPL Securities Limited - Client Account”.7. All required enclosures mentioned in the form are mandatory to complete the Account Opening Form and must be submitted along with the signed, completed form.8. Do not use ink remover or for corrections. Instead, strike out and rewrite the corresponding fi eld with original signature.

1. Attested copy of CNIC(s)/Passport(s) of the Account Holder and Nominee;2. Attested copy of CNIC(s)/Passport(s) of the Witnesses; 3. Attested copy of CNIC(s)/Passport(s) of the Joint Account Holder(s) (if any);4. Attested copy of CNIC/Passport of the Authorized Person (if any); 5. Zakat Affidavit (if Zakat is Not Applicable);6. Copy of NTN Certificate of Account Holder;7. Salary Certificate from Employer (in case of Salaried Person); and8. Package sheet mentioning Commission to be charged by BIPL Securities Limited and Transaction Taxes.

BASIC INFORMATION

NATURE OF ACCOUNT FOR OFFICE USE ONLY

ONLINEDATE OF ACCOUNT OPENING (DD/MM/YYYY)

CLIENT ID / ACCOUNT NO.

CDC SUB ACCOUNT NO.

ACCOUNT HOLDER

ACCOUNT TITLE / NAME

EMAIL

PHONE

PHONE (OFFICE)

CELL

FAX

MAILING ADDRESS

PERMANENT ADDRESS

ADDRESS (OFFICE)

JOINT ACCOUNT HOLDER

ACCOUNT TITLE / NAME

EMAIL

PHONE

PHONE (OFFICE)

CELL

FAX

MAILING ADDRESS

PERMANENT ADDRESS

ADDRESS (OFFICE)

SINGLE

OFFLINE

JOINT

ONLINE - OFFLINE

FATHER’S / HUSBAND’S NAME

OCCUPATION

MOTHER’S NAME

NAME OF EMPLOYER / BUSINESS

DATE OF BIRTH (DD/MM/YYYY)

JOB TITLE / DESIGNATION

PLACE OF BIRTH

NTN (NATIONAL TAX NUMBER)

NATIONALITY

OTHER NATIONALITY (IF ANY)

GENDER:

DATE OF EXPIRYDATE OF ISSUE

COMPUTERIZED NATIONAL IDENTITY CARD (PASSPORT NUMBER, INCASE OF NON-RESIDENT ) (copy enclosed)

ARE YOU REGISTERED WITH ANY OTHER TAX AUTHORITY OUTSIDE PAKISTAN? PLEASE MENTION:

MALE FEMALE

(please enclose copy of NTN Certificate)


OCCUPATION

MOTHER’S NAME

NAME OF EMPLOYER / BUSINESS


JOB TITLE / DESIGNATION

PLACE OF BIRTH

NTN (NATIONAL TAX NUMBER)

NATIONALITY

OTHER NATIONALITY (IF ANY)

GENDER:

DATE OF EXPIRY

COMPUTERIZED NATIONAL IDENTITY CARD (PASSPORT NUMBER, INCASE OF NON-RESIDENT ) (copy enclosed)

ARE YOU REGISTERED WITH ANY OTHER TAX AUTHORITY OUTSIDE PAKISTAN? PLEASE MENTION:

MALE FEMALE

(please enclose copy of NTN Certificate)



NOMINEE REGISTERED WITH ANY OTHER TAX AUTHORITY OUTSIDE PAKISTAN, PLEASE MENTION:

COMPUTERIZED NATIONAL IDENTITY CARD (PASSPORT NUMBER, IN CASE OF NON-RESIDENT ) (copy enclosed)

NOMINATION

RESIDENTIAL STATUS

ZAKAT STATUS Please tick () the appropriate box below)

DIVIDEND MANDATE Please tick () the appropriate box below)

ACCOUNT OPERATING INSTRUCTIONS Please tick () the appropriate box below)

PROFIT ON IDLE FUNDS Please tick () the appropriate box below)

MARGIN DEPOSIT

In the event of death of the Account Holder(s), the Nominee shall be entitled to receive securities / cash available in the account of the Account Holder after set-off against losses and liabil-ities in the Account. In case of a Joint Account, the survivor shall be entitled to receive Securities / cash available in the Account of the Account Holders, after set-off / adjustments against losses and liabilities in the Account. Nominee / Successor can only be the blood relative / spouse of the principal account holder.

NAME OF NOMINEE

PHONE

TITLE OF ACCOUNT ACCOUNT NO.

BANK ADDRESS

ADDRESS

RELATIONSHIP WITH ACCOUNT HOLDER

NATIONALITY OTHER NATINOALITY (IF ANY) PLACE OF BIRTH


EMAIL

DATE OF ISSUE

BANK

DATE OF EXPIRY

PLACE OF ISSUE

BRANCH


RESIDENT PAKISTANI

MUSLIM ZAKAT PAYABLE

YES

EITHER (SINGLY) OR SURVIVOR

NON-RESIDENT PAKISTANI (R)

MUSLIM ZAKAT NON-PAYABLE

NON-RESIDENT PAKISTANI (NR) FOREIGNER RESIDENT (R)

FOREIGNER RESIDENT (NR)

NON-MUSLIM

FOREIGNER NON-RESIDENT (R)

NOT APPLICABLE

FOREIGNER NON-RESIDENT (NR) (Where R = Repatriable and NR = Non Repatriable)

If, according to the Fiqh of the Applicant(s), Zakat deduction is not applicable, then relevent Declaration / Affi davit waiving Zakat deductions from your account on prescribed format shall be submitted.

(Please provide complete mailing address of the bank branch)For Non Resident Account Holders, bank information pertaining to dividend mandate is mandatory so that dividends may be directly credited to his/her bank account.

NO

JOINTLY

In case of YES, please provide the following information:

THE ACCOUNT SHOULD BE OPERATED:

Your account will be credited after we receive the profit from the bank.As part of maintaining and running this arrangement, BIPL Securities will share 1% or half of the actual profit received, whichever is lower (i.e if we receive profit at the rate of 5%, we will retain 1% and remaining 4% will be credited to your account. Please note that this will be subject to any applicable taxes).

MARK BELOW IN THE BOX

I/we hereby give my consent to profit sharing

I/we do not want profit sharing and my account may not be credited with any profit

Th e Account Holder(s) hereby undertakes to deposit and main-tain ____ margin against his/her/their outstanding trades/exposures for the purpose of trading in his/her/their account. Th e Account Hold-er(s) shall be responsible to ensure that the Margin shall be either in cash or in Securities approved by the Broker for the purpose of margin deposit, which are in a state and from whereby they can be marketed, delivered and transferred. Th e Account Holder(s) undertake(s) to comply with the directions of the Broker for regularization of any defect, mistake, discrepancy or any matter in respect of the Securities deposited as Margin. Th e Broker shall notify the Account Holder(s)

about any change in the above Margin requirements for the already executed trades and/or for future trades at least 3 (three) days prior to the implementation of re-vised margin requirements. Th is is without prejudice to the Broker’s right to call additional cash or Securities as Margin within one business day and to liquidate the Account Holder(s’) outstanding positions as mentioned in Clauses 8 and 10 of the Special Terms and Conditions appended herein.

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INSTRUCTIONS

CONFIRMATION OF TRADE AND DELIVERY OF MAIL

ACCOUNTS WITH OTHER BROKERS OPTIONAL

FOR OFFICE USE ONLY

Please see clause 3 of the Special Terms and Conditions. (For Online Trading, please see clause 5)

VERBAL

OFFICE ADDRESS VIA MAIL / COURIER

OPTION FOR WRITTEN INSTRUCTIONS

MAILING ADDRESS VIA MAIL / COURIER

ELECTRONIC

ELECTRONIC

Confi rmation of trades and other correspondence may please be sent to (For Online Trading, please see clause 6)Confi rmation of orders to clients made through fax or e-mail will have a time record.

I / WE CERTIFY THAT THE INFORMATION PROVIDED ABOVE IS CORRECT AND SIGN IN ACCEPTANCE:

FAX EMAIL

BROKER(S) NAME

NAME

SIGNATURE

BROKER(S) NAME

CLIENT ID ACCOUNT

NAME

SIGNATURE

CLIENT ID ACCOUNT

ACCOUNT HOLDER JOINT ACCOUNT HOLDER

____________DATE

____________DATE

NAME

MEETING WITH CLIENT(S)

SIGNATURE

NAME

SIGNATURE

WITNESS 1 WITNESS 2

____________DATE

____________DATE

CNIC / PASSPORT NO. CNIC / PASSPORT NO.

IN PERSON SKYPE OTHERS ____________________________________________________________________

EVIDENCE OF MEETING PICTURE VIDEO OTHERS ________________________________________________NONE

I have met the Client(s) (for single and joint account respectively) in Person/over SKYPE and have seen his/her/their original CNIC(s)/Passport(s) and confirm that his/her/their signature(s) and other information in the AOF are as per his/her/their CNIC(s)/Passport(s).

BIPL CONTACT PERSON

CASH MV OF SHARES

OPERATIONS COMPLIANCE

INITIAL DEPSOITSECURITY

APPROVED BY (NAME AND SIGNATURE)

TRADER NAME AND SIGNATURE

CNIC SIGNATURE

SPECIAL TERMS AND CONDITIONS

Th e terms and conditions set herein below shall be equally binding on BIPL Securities Limited (hereafter referred to as “Broker”) and the Account Holder(s).

1. All transactions of Securities between the parties shall be subject to the Articles Rules and Regulations of the relevant Exchange, revised policies, Board’s Directions and new regulations to be framed in pursuance of Section 34 of the Securities & Exchange Ordinance, 1969 and any amendments or substitutions thereof. More-over, all applicable provisions of the Securities & Exchange Ordinance, 1969 read with the Securities & Exchange Commission of Pakistan (SECP) Act, 1997, Bro-kers and Agents Registration Rules, 2001, Securities and Exchange Rules 1971 and all directions / directives passed from time to time to regulate the trades between the parties and to regulate Brokers conduct and the Central Depository Compa-nies of Pakistan Act, 1997, Rules framed there under and the National Clearing and Settlement System Regulations and any other law for the time being in force. Th e Broker shall ensure provisions of copies of all the above Laws, Rules and Reg-ulations at his offi ce for access to the Account Holder(s) during working hours.

Th e term “Securities” shall include all securities as defined under the Securities and Exchange Ordinance, 1969, including shares of listed public companies, Moda-raba Certificates, Term Finance Certificates (TFCs), bearer and registered Bonds, including Federal Investment Bonds, Foreign Currency Bonds, etc., Certificates of Investments, Mutual Fund Certificates, Units issued by NIT and Assets Manage-ment Companies, Certificates issued by Closed-end Funds, Treasury Bills and all

other kinds of securities and instruments, both debt based as well as equity based, issued by companies, corporations, autonomous and semi autonomous bodies, Fed-eral, Provincial and Local Governments and statutory bodies, which are traded on or purchased or sold at the Stock Exchange (the Exchange) and in particular, the Book Entry Securities, as defined under the Central Depositories Act, 1997.

2. Th e amount deposited as security margin by the Account Holder(s) with the Broker shall only be used for the purposes of dealing in Securities, such as trading and / or settlement of deliveries of Securities on behalf of the Account Holder(s). Th e Broker shall not use such amounts for his own use, subject to Clause 8 hereafter.

2(a). Th e credit amount of the Account Holder(s) shall be kept by the broker in a separate bank account titled “Account Holder / Client Account “ and shall not be used by the broker for his own business.

3(i) Th e Broker shall be authorized to act on the verbal instructions of the Account Hold-er(s). Th e Broker shall provide a written confirmation including electronic mail of the executed transactions as required under Rule 4(4) of the Securities & Exchange Rules, 1971, and all such transactions recorded by the Broker in his books shall be conclusive and binding upon the Account Holder(s), which shall not be questioned by him/her/them, subject to Clause 7 below.



OR

Th e Account Holder(s) may also give written instructions including electronic mail for the sale of securities of Broker. Th e Broker shall provide a written confirmation of the executed transactions as required under Rule 4(4) of the Securities & Exchange Rules, 1971, and all such transactions recorded by the Broker in his books shall be conclusive and binding upon the Account Holder(s), which shall not be questioned by him/her/ them, subject to Clause 7 below.

3(ii) All Orders received telephonically and placed on KATS shall be supported by record-ing on dedicated telephonic lines, preferably connected with a computerized taping system so as the orders could possibly be sorted on UIN basis and made user friendly.

4. Th e Broker shall provide the confirmation of the executed transactions to the Ac-count Holder at the above stated address by means of acceptable mode of communi-cation or by hand subject to acknowledgment receipt as noted in Clause 27.

5. Th e Broker shall be authorized to act on the instructions of the Account Holder(s) received via e-mails/over phone/in writing. Th e Broker shall provide confirmation of the executed transactions by e-mail and may send written confirmation of executed transactions as required under Rule 4(4) of the Securities & Exchange Rules, 1971, and all such transactions recorded by the Broker in his books shall be conclusive and binding upon the Account Holder(s), which shall not be questioned by him/her/them, subject to Clause 7 below.

6. Th e Broker shall provide the confirmation of the executed transactions to the Ac-count Holder(s) as provided in Clause 5 above at the email addresses given by the Account Holder(s) in the Account Opening Form as noted in Clause 28.

7. In case there are any error(s) in the daily confirmation statement, the Account Hold-er(s) shall report the same to the Broker within one business day of the receipt of confirmation. In case the Account Holder(s) do not respond within one business day of the receipt of the said daily confirmation statement, the confirmation statement shall be deemed conclusively accepted by the Account Holder(s). Provided however, the Broker’s decision as to whether or not there has been any error in the daily confirmation statement shall be conclusive and binding upon the Account Holder(s). Th e Broker shall also not be liable for any errors, omissions or mistakes appearing in any list of Securities annexed to any Costs Bills or Proceeds Bill or any other confirma-tions or reports or any consequences thereof, whether the Securities are dealt with through the CDS or otherwise.

8. In the event that the Account Holder(s) fail(s) to deposit additional cash or Securities as margin within one business day of the margin call (in writing), the Broker shall have absolute discretion to and, without any further notice to Account Holder(s), liquidate the Account Holder(s’) outstanding positions, including the Securities pur-chased and carried in such Account at the sole risk and responsibility of the Account Holder(s), without incurring any liability against the Broker arising out of such ac-tion, so that the margin is maintained at the required level, or the losses suffered by the Broker, can be recovered. Th e Account Holder(s) undertake(s) to indemnify the Broker against any or all losses that the Broker may sustain as a result of having to square off the position of the Account Holder(s)’ failure to cover a shortfall in the required margin/deposit to be maintained by the Account Holder(s) from time to time.

9. Th e Broker shall be responsible to ensure delivery of CDC eligible securities in the CDC account of the Account Holder(s), subject to full payment by the Account Holder(s), in the manner indicated in Clause 11 hereafter. In case of companies which are not on the CDS, the Broker shall ensure delivery of physical shares along with verified transfer deeds against payments, to the Account Holder(s). Further, the Broker shall be responsible for the payment of any credit cash balance available in the Account of the Account Holder preferably in form of A/c Payee cross cheque only within 1 (one) business day of the request of the Account Holder(s) (subject to the maintenance of the margin requirements and adjustment of any legitimate claims of the Broker).

10. In the event of non-receipt of payment from the Account Holder on settlement day against securities bought on account of the Account Holder, the Broker may transfer such securities to his Collateral Account under intimation to the Exchange, after complying with the requirements as mentioned in the General Regulations of the Exchange.

11. Th e Broker Shall accept from the Account Holder(s) payments through “A/c payee only” crossed cheque , bank drafts, pay order or other crossed banking instruments in case of amounts in excess of Rs. 25,000/-. Electronic transfer of funds to the Broker through banks would be regarded as good as cheque. Th e Broker shall be respon-sible to provide the receipt to the Account Holder(s) in the name of the Account Holder(s) duly signed by authorized agents/employee of the Broker and the Account Holder(s) shall be responsible to obtain the receipt thereof. In case of cash dealings, proper receipt will be taken and given to the Account Holder(s), specifically men-tioning if payment is for margin or the purchase of securities. Th e broker shall im-mediately deposit in its bank account all cash received in whole i.e. no payments shall be made from the cash received from clients. However, in exceptional circumstances, where it becomes necessary for Broker to accept cash in excess of Rs. 25,000/-, the Broker shall immediately report within one business day such Instances with ratio-nale thereof in accordance with the mechanism prescribed by the exchange.

12. Th e members shall make all the payments of Rs. 25,000/-and above, through crossed cheques / bank drafts / pay orders or any other crossed banking instruments showing payment of amount from their business bank account. Copies of these payment in-struments including cheques, pay order, demand drafts and online instructions shall be kept in record for a minimum period of five years.

13. Th e Account Holder(s) shall pay to the Broker for all purchases before the start of the last working session of the clearing of the relevant Exchange, all amounts due in respect of Securities that have been purchased or transactions carried our by the Broker on the instructions of the Account Holder(s), whether or not the Account Holder(s) has/have received Invoice/Bills in respect thereof. For the purpose of this Clause, a Certificate by the Broker that a particular amount is due in this regard, shall be the conclusive proof thereof and shall be binding upon and not called in question by the Account Holder(s).

14. In case of any amount due from the Account Holder(s), as may be certified by the Broker in respect of Securities purchased on account of the Account Holder(s), has not been paid by the Account Holder(s) within the period specified in Clause 11 above, the Broker shall have the right to settle the outstanding amounts out of any money(ies) or margin of the Account Holder(s) lying with the Broker or from any money(ies) realized from the sale of Securities or any other property held by the Broker as margin or security and the Broker shall have an unfettered right and power to sell, transfer and dispose off such assets and/or the margin or security as the Broker may deem fit. Th e net amount so realized shall be appropriated towards the total or partial adjustment, as the case may be, of the outstandings owed by the Account Holder(s) and the Account Holder(s) shall be liable for any shortfall, as well as all losses, damages, costs and expenses which the Broker may suffer or sustain due to non-payment of the Account Holder(s).

15. In case of sale contract, the Account Holder(s) shall, before the start of the last work-ing session of the clearing of the relevant Exchange, deposit with the Broker the Securities which he/she/they/it has/have instructed the Broker to sell.

16. Th e Account Holder(s) shall be responsible to ensure that Securities are in a state and from whereby they can be marketed, delivered and transferred. Th e Account Hold-er(s) also undertake(s) to comply with the directions of the Broker for regularization of any defect, mistake, discrepancy or irregularity or any matter in respect thereof. While the Broker shall endeavor to purchase or sell the shares/securities within the limits of the prices that may be notified by the Account Holder(s), the Broker does not guarantee or assure that the transactions will be materialized within notified Broker shall endeavor to execute the purchase or sell orders in full. However partial execution of the orders will be binding and obligatory on the Account Holder(s).

17. Without prejudice to the Broker’s rights, remedies and recourses mentioned in any of the preceding Clauses, in the event of the Account Holder(s) failure to make the payment against purchase contract as mentioned in Clauses 11 and 13 above, or to deliver or deposit the Securities against a sale contract, as mentioned in Clause 14 above, and/or to deposit and maintain the margin as mentioned in the Mar-gin Deposit condition mentioned in this Form, the Broker shall have the right to square up and liquidate the Account Holder(s)’ outstanding position(s) and recover all outstanding due from the Account Holder(s), including losses, damages, costs and expenses which the Broker may suffer or sustain out of any Margin or Securities or collaterals that may be held by the Broker at the relevant time. Th e Account Hold-er(s) shall continue to be liable for any shortfall.

18. Where the payment is not made by the Account Holder(s) within the time stipulated in Clause 13 above, the Account Holder(s) shall be liable to pay additional commission to cover the net outstanding balance per week, until the payment is made. Th is shall be without prejudice to the Broker’s right to square up the position in case of non-pay-ment within the time stipulated in Clause 13 above. If such delay continues beyond two (2) weeks, the Broker shall have the right to resell the shares/ securities at the risk, cost and account of the Account Holder(s) and all losses shall be borne and made good by the Account Holder(s). In case if the stop payment request is being made by the Account Holder(s), a handling commission of Rs. 150.00 will be recovered from the Account Holder(s).

19. Th e Account Holder(s) shall have a right to obtain a copy of his/her/their ledger state-ment under official seal and signature of the Broker or his authorized representative on monthly basis and otherwise as and when required by the Account Holder(s)’ at a reasonable cost to the Account Holder(s). In case of any discrepancy in the ledger statement, the Account Holder(s) shall inform the Broker within 1 (one) day of receipt of the ledger statement to remove such discrepancy.

20. Th e Account Holder(s) shall operate the account and execute transactions him-self / herself / themselves unless the Account Holder(s) authorize Mr. / Ms.: _________________________C.N.I.C No. ___________________________ (Authorized Person) to transact in the account in which event the transactions shall be executed by the Authorized Person on behalf of the Account Holder(s). All transactions executed by the Authorized Person shall be binding upon the Account Holder(s).

For Joint Account Holder(s) only:

21. We, the Account Holders shall operate the account jointly or severally and the in-structions issued either jointly or severally shall be binding on us as well as upon the Broker in respect of the joint titled account.

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OR

Titled account shall be operated only by ____________________________who shall be deemed as the Authorized Person for operating the joint account or issuing any instructions relating thereto.

22. Th e Broker shall be responsible to append a list of his authorized agents/traders and designated employees, who can deal with the Account Holder(s), with this Account opening form and a copy of both the opening form and the list will be provided to the Account Holder(s). Any change therein shall be intimated in writing to the Account Holder(s) with immediate eff ect. Th e Account Holder(s) shall not deal with any person at the Broker’s office, except with the Broker’s authorized agents/traders and designated employees. Th e Broker shall not be responsible for any dealings be-tween the Account Holder(s) and any unauthorized person.

23. Th e Broker shall debit the account of the Account Holder(s) for the commission charges or any other charges in connection with the brokerage services rendered, which shall be clearly detailed in the ledger statement/daily confirmations. Th e Ac-count Holder(s) agree(s) to pay such commission at such rates and on such basis as the Broker may from time to time advise to the Account Holder(s), either verbally or in writing or via email, in accordance with prescribed rates stipulated by the relevant Exchange or at such rates as the Broker may decide within the limits stipulated by the relevant Exchange. Besides, the Brokers may also be authorized to collect any levies, charges, taxes, rates, duties, including central excise duties, sales tax, etc., on each transaction as may be levied by the Federal, Provincial or Local Government(s), the Commission, the Exchanges and/or the CDC. In case any withholding tax is appli-cable on payments to be made to the Account Holder(s), the same shall be withheld in accordance with the pertinent laws, rules and regulations.

Special Terms and Conditions for Online Trading:

24. In case Online trading facility is allowed to the Account Holder(s), the following additional terms and conditions will become applicable:

i. Th e Broker shall be authorized to act on the instructions of the Account Holder(s) received through the Trading Terminal. Th e Broker shall pro-vide confirmation of the executed transactions by e-mail and may send written confirmation of executed transactions as required under Rule 4(4) of the Securities & Exchange Rules, 1971, and all such transactions re-corded by the Broker in his books shall be conclusive and binding upon the Account Holder(s), which shall not be questioned by him/her/them, subject to Clause 7 above.

ii. Th e Broker shall provide the confirmation of the executed transactions to the Account Holder(s) as provided in Clause 5 above at the e-mail addresses given by the Account Holder(s) in the Account Opening Form as noted in Clause 28.

iii. Online trading will be permitted through BIPL Direct, a Division of the Broker (BIPL Securities Limited), which will act as the Broker for the purpose of buying and selling securities, at the Pakistan Stock Exchange (Online Exchange) and wherever the term BIPL Direct is used in these Special Terms and Conditions for Online Trading, it shall deem to mean the Broker.

iv. A Password or (Personal Identification Number) PIN will be issued to the Account Holder(s) by BIPL Direct as the Account Holder(s) personal identification Number or Code to enable the Account Holder(s) to have an access to and use the Account for Online Trading. Th e Password/PIN may be communicated through E-mail or through any courier to the Ac-count Holder(s) at his / her / their / its own risk. Th e Account Holder(s) shall not disclose the Password/PIN to any person and shall take every reasonable precaution to prevent discovery of the Password/PIN by any other person.

v. BIPL Direct may electronically transfer delivery of confirmation, statements and other notices in connection with Electronic/Online Trading. It shall be the responsibility of the Account Holder(s) to review, upon receipt of emails, confirmation statements, notices margin and maintenance calls whether delivered by mail, email or electronic terminals at its own dis-cretion. If the Password / PIN is disclosed to any third party the Account Holder(s) should immediately notify the same to BIPL Direct. Th e Ac-count Holder(s) will immediately notify BIPL Direct of any loss, theft or unauthorized use of his/her/their/its account number and Password / Pin. Th e Account Holder(s) shall immediately notify any change in his/her/its/their email or other address as mentioned in the Application Form.

vi. All risks connected and involved with Electronic/Online Trading will be assumed fully by the Account Holder(s). Neither the Broker (BIPL Se-curities Limited and BIPL Direct) nor any directors or officers would be responsible or liable in any manner for any losses or damages that may be suffered by the Account Holder(s), including those due to the mis-use of the Account Holder(s)’ Password or PIN, hacking of lines, outages and slowdowns in the internet connection, breakdown of broker system and other third-party service breakdown and system error whether soft-ware-related or hardware-related and piracy of the Account Holder(s) in-formation and affairs by unscrupulous persons.

vii. BIPL Direct may at any time and from time to time require Additional Margin in the Account (in cash or Securities) before executing any Or-ders or undertaking any transactions through Online Trading Facility on account of the Account Holder(s). Th e amount and timing may vary de-pending on factors solely at BIPL Direct’s discretion. BIPL Direct shall have the right to liquidate the Account Holder(s)’ trading position(s) if the Account Margin is insufficient at anytime.

viii. BIPL Direct may at its discretion elect with or without notice to square off the Account Holder(s) Account and make all obligations in the Account immediately due and payable by the Account Holder(s) without assigning any reason. (See margin disclosure statement annexed hereto).

ix. In case of any other instructions including (i) change of postal address, (ii) email address and/or (iii) PIN Code, written request along with signature of Account Holder and Joint Account Holder (if any) are mandatory.

25. Th e Broker shall not disclose the information of the transactions of the Account Holder(s) to any third party and shall maintain the confidentiality of this informa-tion. However, in case any appropriate Court, Tribunal. Exchange, the Commission, the State Bank, the Investigating Agencies (such as NAB, FIA, ANF, etc.,) or the Fed-eral or Provincial or Local Government(s) as the case may be, in exercise of its/their powers under the law require(s) any such information, the Broker shall be obliged to disclose the same for which the Account Holder(s) shall not raise any objection whatsoever. Additionally incase of hacking of internet lines or wrongful extraction of information online by unscrupulous persons, the Broker shall not be held liable for any manner whatsoever.

26. In case a Broker converts his corporate membership rights to individual member-ship and vice versa, or in case of merger of the Broker’s corporate membership with another entity, the agreement and conditions laid down herein above shall remain effective, unless otherwise mutually agreed by the parties.

27. Acceptable mode of communication between the Account Holder(s) and the Broker shall be through letter (courier/registered post/fax/E-mail) or by hand Subject to receipt/acknowledgment, as per the medium chosen by the Account Holder(s) in this Account Opening Form. Th e onus of proving that the email has been received by the recipient shall be on the sender sending the mail. Th e Broker may, however, at its discretion, insist upon a particular mode of receiving instructions from the Account Holder(s) in one of the above mentioned modes of communication and shall be fur-ther at a liberty to record, tape or in any other manner store such instructions. Any voice recording made by the Broker shall constitute evidence of the communication so recorded for such instructions.

27 (a). All orders received telephonically and placed on KATS shall be supported by record-ing on dedicated telephonic lines, preferably connected with a computerized taping system so as the orders could possibly be sorted on UIN basis and made user friendly.

28. For online trading, acceptable mode of communication between the Account Hold-er(s) and the Broker shall be through E-mail only, which is the medium agreed be-tween the Broker and the Account Holder(s) in the title page of this Account Open-ing Form. Th e onus of proving that the E-mail has been received by the recipient shall be on the sender sending the mail. Th e Broker may, however, at its discretion, shall be further at a liberty to record, tape or in any other manner store telephonic conversation with the Account Holder(s). Any voice recording made by the Broker shall constitute evidence of the communication so recorded for such instructions.

29. In case of change of address or contact numbers of either party, the concerned party shall immediately notify the other party of the changes in writing. Th e Account Holder(s) further undertake(s) to promptly notify the Broker in writing of any change in the List of Authorized Person(s), as set out in this Account Opening Form. No change thereto shall be effective and the Broker shall be entitled to rely on the information pertaining to the Authorized Person(s) and the particulars, as recorded with the Broker without incurring any liability for doing so; until such time that the Broker is so notified in writing along with the credentials and specimen signature(s) of the replacement Authorized Person(s).

30. Th e Account can be closed by either party upon giving the other party 15 (fifteen) days prior written notice to the other. Upon service of such notice, no further trans-actions of Securities will be executed by the Broker on Account of the Account Hold-er(s), except that all pending orders shall be executed and all settlement shall be made on the effective date of such termination. Th is is without prejudice to the right of the Broker to close the Account and to square off the Account Holder(s)’ position and recover all outstandings, dues, losses, etc., without any prior notice in event of non-payment or breach of any of the terms and conditions of this Agreement by the Account Holder(s). Th e Account Holder(s) shall continue to be liable for any shortfall.

31. In the event of any disputes, differences or controversies arising out of the Agree-ment, including the interpretation of the terms hereof (“Disputes”), the same shall be referred to the sitting Chairman of the Exchange for the time being in Office as the Sole Arbitrator. Once the Chairman enters upon reference, he will continue as the Sole Arbitrator for such Dispute(s), even after the expiry of his term as the Chairman of the Exchange. Provided further, if any officer/director of the Broker is the Chair-man of the Exchange at the time of such Dispute(s) then the sole Arbitrator shall be the Vice Chairman of the Exchange for the time being in office, who after entering upon reference will continue as the Sole Arbitrator (for such Dispute(s) even after the expiry of his term). In case for any reason(s), the Stock Exchange and/or the Arbitra-tion Committee thereof is/are unable to arbitrate upon the matter due to any legal



infirmity, the matter shall then be referred to arbitration by two Arbitrators, one to be appointed by each party and on the lack of consensus between the two Arbitra-tors, the matter shall be referred to an Umpire, to be selected by the two Arbitrators before the commencement of the reference in accordance with the Arbitration Act, 1940 or any ammendments thereof. Th e decision of the Arbitration Committee of such Exchange or the Arbitrators or the Umpire, as the case may be, shall be final and binding upon both the Parties. Th e Arbitration shall be held in accordance with Arbitration Act, 1940, as amended from time to time and the venue of Arbitration shall be Karachi.

31 (a). In case any dispute in connection with the trade or transaction between the broker and the Account Holder is not settled amicably, either party may refer the same to ar-bitration in accordance with the provisions of General Regulations of the Exchange, which shall be binding on both the parties. Th e Account Holder hereby agrees that he would have no objection if his name and other relevant particular are place on Exchange’s database accessible by members of the Exchange if he fails or refuses to abide by or carryout any arbitration award passed against him in his dispute with the Broker.

Margin Financing / Margin Trading / Securities Lending and Borrowing

32. Th e Broker shall not be responsible for arranging any financing for the purpose of trading in Securities or acquisition of Securities by the Account Holder(s). However, in case margin financing is available and the Account Holder(s) make(s) a request to the Broker to arrange for margin financing under the Margin Trading Rules and / or the Margin Trading Regulations and / or any other laws rules and regulations that are applicable, the Broker may at its discretion endeavor to arrange such financing for the Account Holder(s) in accordance with such prevailing laws, rules and regu-lations of the Stock Exchange and the SECP. Provided however the Broker does not guarantee that such financing will be available. In case such financing is arranged by the Broker upon the request of the Account Holder(s) the same shall be at the risk and the cost of the Account Holder(s) who shall execute appropriate documents and instruments and furnish such additional securities, as the Broker may at its discretion deem appropriate.

For Margin Financing (MF), the following conditions shall be applicable:

a. MF shall be governed by the Securities (Leveraged Market and Pledging) Rules, 2011 and any amendments and thereto or substitutions thereof or any other legal or regulatory requirements as applicable from time to time. Th e account holder(s) undertake(s) to execute the TREC Holder’s standardized documents for such transactions, including those prescribed by SECP, PSX, NCCPL, etc.

b. MF contracts shall be for tenure not greater than the respective tenure pre-scribed by the PSX from time to time or such other period as the TREC Holder may in its sole discretion determine.

c. Th e minimum equity participation amount that the TREC Holder shall ac-cept for each MF contract shall not be lower than the limit prescribed by the NCCPL Regulations, 2003, (Regulations) as amended and or modified time to time. However, the TREC Holder at its discretion can request for higher equity participation than what is prescribed in the Regulation.

d. In respect of MF transactions, the account holder(s) shall pay to the TREC Holder mark-up on financing computed at the rate as decided from time to time pro-rated to the actual number of days for which any amount is financed to or on account of account holder(s). Th e TREC Holder shall have the right to debit account holder(s)’ account for the mark-up and the account holder(s) undertake(s) to pay the mark-up immediately upon demand from the TREC Holder without raising any issue.

e. Th e purchase of the securities shall be carried out by the account holder(s) only in respect of MF eligible securties as decided by the TREC Holder from time to time.Th e account holder(s) accept(s) and acknowledge(s) that the TREC Holder has the sole discretion to limit the number of MF eligible securities for which it may wish to facilitate the account holder(s), and the account holder(s) can only ask for facilitation of those MF eligible securities from the TREC Holder which the TREC Holder has short listed. Any change to the MF eligible secu-rities shall be effected immediately by the TREC Holder except where the MF securities contract already executed require otherwise.

f. In case of any corporate action such as dividend declaration or a rights an-nouncement by a MF eligible security which has been financed by the TREC Holder, the rights shall remain vested with the account holder(s) and the TREC Holder shall not benefit from such actions inspite of the securities being in its custody.

g. If there is any loss in the account holder(s)’ account due to mark-to-market (MTM) of the MF contract such losses shall be settled by the account holder(s) within one business day.

h. Th e TREC Holder is hereby authorized by the account holder(s) to mortgage, pledge or hypothecate the securities deposited or bought on behalf of the ac-count holder(s) by the TREC Holder to the related financial institution for a sum not exceeding the outstanding balance in the margin account, to the extent that the same is permissible under the applicable laws, rules and regulations.

i. Th e account holder(s) unconditionally agree(s) that his/her/its/their securities may be sold by the margin financier, in case of any default or margin call not being addressed as per the requirements of rules and regulations as applicable from time to time, in the course of financing.

j. Notwithstanding the conditions of clauses 2 and 6of the special terms and conditions, in the event of default, failure, refusal or inability on part of the account holder(s) to repay the finance or any outstanding mark-up thereon, the TREC Holder shall have the right to square -up and liquidate the position of the account holder(s) and sell all the securities held on account of the account holder(s) upon one business day’s notice to the account holder(s). Th e net sale proceeds so realized after deduction of TREC Holder brokerage, costs, taxes, duties, etc. shall be applied towards adjustment of the outstanding owed by the account holder(s) to the TREC Holder. In case of any shortfall, the ac-count holder(s) shall be liable to pay the same to the TREC Holder with late payment charges at the rate mentioned in clause 18 above, computed from the due date(s) of the outstanding amounts upto the date of actual realization by the TREC Holder.

k. It is hereby distinctly understood that the grant of the MF facility by the TREC Holder to the account holders if subject to the provisions of the securities (Lev-eraged Markets and Pledging) Rules 2011 with such variations and modifi-cations as may be made from time to time, the account holder(s) has/have read, understood and agreed to abide by the provision of the said rules as well as other applicable rules and regulations. Further, all applicable procedures, prescribed documents, policies, notifications, rules, regulations, etc. issued or made by the Stock Exchange / NCCPL / Commission in respect of Margin Financing shall become applicable and binding on the account holder(s) and the TREC Holder. If any fine is imposed or other adverse action is taken by the Commission or the Stock Exchange or NCCPL against the TREC Holder due to non-compliance of any of the provision of the said rules and/or any direction of the Commission or the Stock Exchange or NCCPL by the account holder(s) shall be liable to pay the same to the TREC Holder and indemnify and keep indemnified the TREC Holder against all losses, costs, expenses, demands, pro-ceedings and compensate the TREC Holder in all respect to the full extent.

l. Th e TREC Holder hereby discloses, and the account holder(s) acknowledge(s) that the transaction and activity of MF has its inherent risks, and consequently, the account holder(s) by entering into this agreement accepts such risks. Such risks include but are not limited to, default risk, economic risk, market risk, regulatory risk, interest rate risk, priority rights of other creditors in case of liquidation, and other force majeure events like terrorism, acts of God, civil commotion, failure of communication and IT related systems downtime or other glitches, etc.

Trading in Future Contracts

33(i) Trading in Future Contracts will be subject to the rules and regulations governingFuture contracts of the Exchange, including any notices, instructions, circulars and decisions of the Governing Board of the Exchange.

(ii) At present, the Account Holder(s) shall place with the Broker a margin of ____% to undertake any transactions in Future, including Provisional Trading under Futures Contract. Th e margin shall be payable 50% in cash and the balance in shape of shares/securities acceptable to the Broker and the Exchange. Provided however, the Broker shall have the discretion to increase the quantum of the margin requirement as well as the cash component of the margin, whether at its own discretion or oth-erwise as may be prescribed by the Exchange from time to time. Th e margin for trading in Future shall be in addition to the normal margin required to be placed by the Account Holder(s) with the Broker in accordance with the terms and conditions of this agreement or market practices.

(iii) In case of sales under Future Contracts, the Account Holder(s) undertake(s) to pro-vide full delivery of shares before the closing of the relevant Future Contracts.

(iv) In addition to the above condition, the Account Holder(s) further unconditionally undertake(s) to timely pay the differential amount as and when called by the Ex-change through declaration of special clearings.

GENERAL TERMS AND CONDITIONS GOVERNING SECURITIES CUSTODIAL SERVICES

A Securities Custodial Account (hereinafter referred to as the “Custodial Account”) may be opened and maintained with BIPL Securities Limited (“the Broker”) on the following Terms and Conditions.

1. Broker will, at the request of the Account Holder, until the Account Holder notifies the Broker to deal with the same, as instructed by the Account Holder, hold or pro-cure to be held on behalf of the Account Holder, the Securities, which the Account Holder may from time to time purchase, acquire, subscribe, own, hold or intend to purchase.

Th e Broker undertakes and is authorized to:

(a) receive and hold Securities in safe custody in the Account Holder’s Custo-dial Account with the Broker, in the Account Holder’s Sub-Account and/or the Broker’s Main Account or House Account with Central Depository Company of Pakistan Limited (CDC) and/or otherwise hold in any man-ner and at any place all Securities that are subscribed, acquired, owned or purchased by the Account Holder or are intended to be received by or delivered to the Broker pursuant to any purchase orders placed by the Account Holder or contracts executed by the Broker on account of the Account Holder;

(b) exchange Securities in temporary form (i.e., letters of allotments, letters of rights) for like Securities in definitive form, exchange certificates if the par or nominal value of any Securities is changed, and/or where Securities are exchanged to conform with changes in the corporate names of the issuers or the merger of two or more issuers;

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(c) do all things with regard to the registration of Securities in the name of the Account Holder (or where authorized by the Account Holder, in the name of the Broker, if legally possible), and with regard to sale or purchase of Se-curities made by the Account Holder or made on its behalf, the disposal of or payment to the Account Holder of the proceeds of sale of Securities, in-cluding any letters of rights issue bonus or other rights accruing in respect of Securities or any matter affecting Securities in the Custodial Account, as the Account Holder may from time to time instruct the Broker to do;

(d) sell, deliver or eff ect deliveries of the Securities sold by the Account Holder or on the Account Holder’s account, through the Broker or through other members of the Stock Exchange(s), to the counter-members of the Stock Exchanges or counter-parties and fulfill all requisite formalities of the Central Depos-itories Act, 1997 (the CDC Act) and the Central Depository Company of Pakistan Limited Regulations (CDC Regulations) and the Rules and Regulations of Pakistan Stock Exchange, as well as other pertinent off shore Stock Exchanges (collectively “the Exchanges”);

(e) accept, receive, collect and realize dividends and profits payable on the Account Holder’s Securities, deposit the dividend warrants in the Account Holder’s bank account(s) and fulfill all procedures and formalities of the Account Holder’s bankers;

(f ) receive and transmit to the Account Holder notices of shareholders’ meet-ings, dividend notices and any other related information;

(g) sign in the Account Holder’s name and on behalf of the Account Holder all transfer deeds, documents, agreements or other instruments necessary for the transfer and/or registration in the Account Holder’s name in the books of Issuers and/or CDC and Securities that may be subscribed, pur-chased or acquired by the Account Holder or by Broker on behalf of the Account Holder from time to time and complete all procedures and for-malities for such registrations;

(h) receive and realize on behalf of the Account Holder all benefits in respect of right issues or bonus shares/ securities, sign letters of rights, renounce letter of right, make payments for the right issues on the Account Holder’s account and fulfill all requisite formalities for availing the benefits of the right Issues or bonus issues in respect of any Securities held by the Broker on account of the Account Holder;

(i) move Account Holder’s Securities to the Broker’s Main Account and/or pledge the Account Holder’s Securities in favor of any Eligible Pledgee(s) and in particular, the Exchange(s), at its sole discretion including for the purposes of meeting the Account Holder’s margin and/or exposure com-mitments on trading in accordance with Section 12 of the CDC Act and the CDC Regulations, as may be amended and/or substituted from time to time;

(j) move/handle the Account Holder’s Securities from his Sub-Account and/or from the Broker’s Main/House Account from time to time, including for settlement purposes, dispose them off at any time without any notice to the Account Holder and apply the net proceeds thereof towards the ad-justment of the Account Holder’s outstanding(s) that may be due directly or indirectly to the Broker, including under normal settlements as well as against the Account Holder’s losses and exposures;

(k) sign in the Account Holder’s name and on behalf of the Account Holder withdrawal request form and other instruments and forms necessary for issuance of definitive share certificates in respect of the Book-Entry-Secu-rities withdrawn from CDC;

(l) act through any of its officers or other employees and delegate to any other person or entity, as it may select and confer any of the powers contained herein, in connection with the Custodial Account;

(m) fill in and sign on behalf of the Account Holder any and all forms of agent or broker (purchase or sale forms) pursuant to the Account Holder’s instructions for sale or purchase of Securities; and

(n) exercise its discretion without any responsibility to the Broker as regards any action that may, in its opinion, seem advisable or expedient in the Account Holder’s interest, if it could not be possible to obtain the Account Holder’s instructions or if in its opinion, it would involve undue delay or expense to obtain such instruction.

2. Th e Broker is not obligated to attend any meeting of holders of securities in the Custodial Account or vote thereat or exercise any rights conferred, or perform any obligations imposed, by reason of holding securities in the Custodial Account or to forward to the Account Holder any proxies, annual reports or other financial state-ments relating to the securities in the Custodial Account, received by the Broker or to give notice to the Account Holder of such receipt.

3. With regard to any purchase of Securities made by the Account Holder, the Broker will not be liable to the Account Holder in any way whatsoever if the seller (or its agent or broker) of the relevant securities fails to make good valid or timely delivery to the Broker of the relevant securities and whether or not payment thereof by the Account Holder or by the Broker on the Account Holders’ behalf has been made.

(a) Account Holder acknowledges that the Broker’s sole responsibility with regard to the proceeds of any sale of securities made by the Account Hold-er is to receive payment by way of cheque, bank draft or in any other appropriate form of such proceeds from the purchaser (or its agent or broker) of the relevant securities.

PROVIDED THAT the Broker will not be liable to pay to the Account Holder in any other manner any such payment made to the Broker by any Purchaser (or its agent or broker), nor the Broker will be liable if the payment obligation is not honoured by the banker upon whom any cheque, bank draft or any other instrument drawn. Th e Account Holder further acknowledges that the Broker may make delivery of the relevant securities contemporaneously with or before the receipt of such payment or purported payment in any case.

(b) Written advice of each securities transaction will be posted to the Account Holder as soon as practicable be notified to the Account Holder(s) by the Broker, provided however, after the expiry of the trading period for any pertinent working day of the relevant Stock Exchange the Account Holder undertakes to issue fresh instructions to the Broker. Th e Broker shall not be responsible for any failure or delay in sending such advice to the Account Holder.

(c) Broker may receive dividend cheques, bonus issues, right issues, notices, etc., directed to the Account Holder in the Broker’s care and the Broker is authorized to accept and open all mail as addressed.

(d) Account Holder agrees and acknowledges that the Broker will not be re-sponsible for any error, default, failure, neglect, delay or non-performance on the part of any broker or agent utilized by the Account Holder to effect purchase and/or sale orders of the Account Holder, nor will the Broker be liable for any ensuing loss incurred by reason of the above or any other causes.

(e) All purchases and sales of securities shall be made solely by the Account Holder and at the Account Holder’s own judgment and decision, the Broker is not under any duty to supervise the investment of, or to advise or make any recommendations to the Account Holder with respect to the sale of securities in the Custodial Account, or to advise or recommend the pur-chase of securities at any time. Any information or suggestion rendered by the Broker officers or other employees (whether at the Account Holder’s request or otherwise) is an expression of opinion only and not to be relied upon and the Broker shall not be liable for any consequence thereof.

4. Broker may at its discretion deposit or lodge securities in the Custodial Account with any of its branches, any banks or other financial institutions or any securities c1earing institutions (each such entity is herein after referred to as “sub-custodian”) as the Broker may select in its discretion, upon such sub-custodian’s customary terms and conditions or such other terms and conditions as may be approved by the Bro-ker. With regard to securities in the Custodial Account deposited or lodged with any sub-custodian, the Broker may at any time discharge its obligations in relation there to by instructing such sub-custodian to hold at the Account Holder’s direct disposal such securities, dividends or interest thereon or proceeds of sale thereof.

5. Broker is authorized to sign on behalf of the Account Holder and in the Account Holder’s name, place and stead, any declarations, affidavits, and certificates of owner-ship which may be required with respect to all dividends or other income on securi-ties in the Custodial Account. Th e Broker is authorized from time to time to disclose the identity of the Account Holder to issuers of securities in the Custodial Account or their agents or broker without further consent from the Account Holder.

6. Securities in the Custodial Account are custodized at the Account Holder’s sole, risk and the Account Holder agrees to indemnify the Broker as harmless from and against any and all liabilities, damages, claims and other losses of any kind or nature whatsoever, including but not limited to those arising from fire, theft etc., in respect of any securi-ties held by the Broker for the Account Holder, except for the Broker’s gross negligence or willful default in which case the Broker’s liability shall not in any event exceed the market value of such securities as of the ascertained time of loss. It should be noted here that the Broker would not be liable for market risk in the period from the discovery of the loss till the settlement of the issue.

7. Th e Broker shall be under no responsibility or liability for any reductions and/or deductions from any funds received by the Broker as payments, dividends, interest or proceeds of sales, in respect to exchange rates, taxes, levies, or otherwise or for any confiscation or other consequences to any such payments, dividends, interest or proceeds or to securities in the Custodial Account, at anytime arising from any event or circumstances including but not limited to such laws, regulations, decrees, edicts, executive orders or other mandates as may be issued by any government which might or could affect the same.

8. Th e Broker will (where such instructions are required under these General Terms and Conditions) act only upon written instruction furnished to the Broker by the Account Holder, for activities including custodial services.

9. Broker may rely and act upon any instructions or communications believed by it to be genuine and given to it in accordance with the condition 8 above by the Ac-count Holder or by any person notified by the Account Holder as authorized to give the same and believed by the Broker to be so authorized. Th e Broker shall not be responsible for any loss arising as a result of any error or ambiguity or forgery or fraud in transmission of any instruction or communication. All instructions to take or hand over delivery of securities to the Broker shall indicate an expiry date which is in line with Pakistan market practice.

10. A monthly (or such other periodical as the Broker may from time to time deter-mine appropriate) statement of Account will be posted to the Account Holder. Each statement of Account will be conclusive and binding on the Account Holder if no written objection thereto is received by the Broker within 15 days after posting to the Account Holder. Where the Account Holder has directed the Broker to hold for the Account Holder all mail in relation to the Account, the Account Holder accepts that each statement will be conclusive and binding on the Account Holder.



11.(a) Th e Account Holder will pay the Broker for its services in relation to the Custodi-al Account such fees, charges and gross commissions (including commission charged by any broker or agent utilized by the Broker) as the Broker may from time to time prescribe. In addition, all costs and expenses (including stamp-duty) incurred by the Broker and any sub-custodian in connection with the opening and operation of, and any transactions for, the Account will be reimbursed by the Account Holder upon demand by the Broker. Th e Broker is irrevocably au-thorized to debit all such fees, charges, commissions and expensed to his/ their account(s).

(b) Account Holder agrees to indemnify and to hold the Broker and any sub-custo-dian harmless from and against any and all acts, claims, proceedings, demands, costs and expenses in connection with all or any of the matters or transactions herein stated or any breach by the Account Holder of any of these Terms and Conditions.

12. Subject to conditions below, the Custodial Account may be closed at any time at the option of either the Account Holder or the Broker by giving fifteen days written notice. Upon such closing, all securities in the Custodial Account shall be returned to the Account Holder at the cost of the Account Holder provided that the Account Holder has discharged all outstanding liabilities and obligations in relation to the Custodial Account.

IF:

(i) the Account Holder fails to observe or perform any of these Terms and Conditions.

(ii) the Account Holder commits breach of any Terms and Conditions con-tained or attached to the Account Opening form in respect of sale and purchase transactions in Securities through the Broker, as the Broker;

(iii) a petition is presented or other steps are taken for the bankruptcy or wind-ing up of the Account Holder; and

(iv) any judgment debt is obtained against the Account Holder or any appli-cation is made for the appointment of a receiver, trustee or other officer in respect of all or any part of the business or assets of the Account Holder or any form of execution or attachment is levied or enforced upon or against any such assets, then the Broker may, without prior notice to or demand on the Account Holder, close the Custodial Account and the Broker shall not be obliged to return any Securities in the Custodial Account until all liabilities and obligations of the Account Holder are fully discharged.

13. Th e Broker shall not be under any liability on account of anything done by the Bro-ker in good faith here under or in accordance with or in pursuance of any request or advice of the Account Holder or its consultants. Whenever pursuant to any provision of these conditions any notice, instruction or other communication is to be given by or on behalf of the Account Holder to the Broker, the Broker may accept as sufficient evidence thereof:

(a) a document signed or purporting to be signed on behalf of the Account Holder by such person or persons whose signature the Broker is for the time being authorized by the Account Holder to accept; or

(b) a message by any means herein authorized transmitted by the Account Holder by such person or persons whose messages the Broker is for the time being authorized by the Account Holder to accept and the Broker

1. I/We, the Account Holder(s) acknowledge receipt of this Account Opening Form (signed here by me/us in Duplicate) along with the copies of all the annexures and I/we, the Account Holder(s) also undertake that I/we have read and understood all the above terms and conditions of this agreement which are acceptable to me/us.

2. I/We, the Account Holder(s) understand(s) that the shares trading business carries risk and subject to the due diligence on part of the Broker I/we may incur losses for which I/we the Account Holder(s) shall not hold the Broker responsible. Th e Ac-count Holder(s) further acknowledge(s) that the prices of the Securities do fluctuate abruptly and instantly and investments in Securities may experience abrupt upward and downward movements and may even become valueless. Th e Broker shall not be liable for any fluctuations in the prices of Securities due to purchase and sale on the day of the transaction and the net price mentioned in confirmation shall be accepted as concluded final price and shall be binding upon the Account Holder(s) and the Broker.

3. I/We, the Account Holder(s) further confirm that all information given in this appli-cation is true and complete and hereby authorize the Broker to verify any informa-tion mentioned above from any sources deemed appropriate by the Broker.

4. I/We further agree that the Broker may in its sole discretion, alter, amend, modify or replace its standard terms and conditions, after giving three days advance notice and such amended/modified or substituted terms and conditions shall be binding upon us and stand incorporated as part of all the sale/purchase contracts, as the case maybe.

shall not be obliged to accept any document or message signed or trans-mitted or purporting to be signed or transmitted by any other person.

14. Broker shall not be liable to the Account Holder for any error of judgment or loss suffered by the Account Holder in connection with the subject matter of the Broker custodial services hereunder or any matter or thing done or omitted to be done by the Broker in pursuance hereof (including, in particular, but without limiting the foregoing, any loss following upon or arising out of any failure to effect or any delay in effecting any transaction and loss, delay, misdelivery or error in transmission of any communication or of the bankruptcy or insolvency or of a failure to pay by and, institution, country, governmental department, authority, company or person, including any seller of securities, stock broker or member of a stock exchange, with whom or in which the moneys of the Account Holder are from time to time invested or deposited or who is supposed to affect or obtain delivery of securities and or gener-ally in relation to the purchase, holding or sale of the securities), howsoever any such loss may have occurred unless such loss or disadvantage arises from negligence, bad faith, fraud or willful default in the performance or non-performance by the Broker or persons designated by it of its obligations or duties.

15. In the event of any conflict between these General Terms and Conditions Governing Securities Custodial Services and the Terms and Conditions contained in the Bro-ker’s attached Account Opening Form, the Terms and Conditions contained herein shall prevail, insofar as they relate to the Custodial Services to be provided by the Broker.

16. For the avoidance of doubt it is hereby agreed and declared that reference to the Broker in conditions 13 and 14 shall be deemed to include the officers, servants and authorized delegates of the Broker.

17. Th e services of the Broker hereunder shall not be exclusive and the Broker shall be free to render similar services to others.

18. Th e Terms and Conditions shall be governed by and construed in accordance with the laws of the Islamic Republic of Pakistan.

19. Terms and Conditions shall be binding on the successors and assignees of the Ac-count Holder (and where applicable the heirs, executors and administrators of the Account Holder).

20. Where the Account Holder comprises of more than one person, all obligations and liabilities in relation to the Custodial Account or under these Terms and Conditions shall be joint and several.

21. I/We hereby accept unconditionally, the Special Terms and Conditions (attached herewith) for the sale and purchase of Securities and for maintaining my/our ac-count. I/We also hereby accept unconditionally, the General Terms and Conditions Governing Securities Custodial Services. Both the Terms and Conditions have been read, understood and signed by me/us in acceptance thereof. I/We hereby undertake to abide by all the Terms and Conditions and to discharge my/our contractual and legal obligations reflected or envisaged therein whether express or implied. Signed copy of the Terms and Conditions is annexed to this Account Opening Form and this Account Opening Form together with the signed copies of both the above noted Terms and Conditions and Power of Attorney in favor of the Broker shall constitute a binding legal contract between the Broker and myself/ourselves upon acceptance by the Broker.

I/WE AGREE TO THE ABOVE TERMS AND CONDITIONS AND SIGN IN ACCEPTANCENAME

SIGNATURE

NAME

SIGNATURE____________DATE

____________DATE

NAME

SIGNATURE

NAME

NAME DESIGNATION

SIGNATURE

SIGNATURE OF AUTHORIZED SIGNATORY

WITNESS 1

ACKNOWLEDGEMENT

WITNESS 2

____________DATE

____________DATE

____________DATE

CNIC / PASSPORT NO. CNIC / PASSPORT NO.

FOR OFFICE USE ONLY

NATURE OF OCCUPATION

ADDRESS (RESIDENCE) ADDRESS (RESIDENCE)

NATURE OF OCCUPATION

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KNOW YOUR CUSTOMERKYC CHECKLIST

PERSONAL INFORMATION (to be fi lled by Account Holder) PERSONAL INFORMATION (to be fi lled by Joint Account Holder)

OCCUPATIONAL DETAILS (to be fi lled by Account Holder)

REFERENCE (for Account Holder)

CONTACT DETAILS (for offi ce use only)

REMARKS

REFERENCE (for Account Holder)

CONTACT DETAILS (for offi ce use only)

OCCUPATIONAL DETAILS (to be fi lled by Joint Account Holder)

OWNED OWNED

MATRIC / ‘O’ LEVELS MATRIC / ‘O’ LEVELS

LOANED / BORROWED LOANED / BORROWED

HOUSE HOUSE

YOUR CURRENT RESIDENCE IS YOUR CURRENT RESIDENCE IS

QUALIFICATION QUALIFICATION

SOURCE OF FUND INVESTED IN STOCK MARKET SOURCE OF FUND INVESTED IN STOCK MARKET

TYPE OF ACCOMODATION TYPE OF ACCOMODATION

RENTED RENTED

INTER / ‘A’ LEVELS INTER / ‘A’ LEVELS

OWN INVESTMENT OWN INVESTMENT

APARTMENT APARTMENT

MORTGAGED MORTGAGED

BACHELORS BACHELORS

COLLECTIVE INVESTMENT COLLECTIVE INVESTMENT

PORTION PORTION

PARENTS PARENTS

MASTERS & ABOVE MASTERS & ABOVE

OTHER OTHER

COMPANY PROVIDED COMPANY PROVIDED

RESIDING SINCE RESIDING SINCE

MOTHER’S NAME MOTHER’S NAME

YEARS YEARS

MONTHS MONTHS

NAME OF COMPANY

REFERENCE NAME REFERENCE NAME

NAME OF COMPANY

DESIGNATION

RELATIONSHIP RELATIONSHIP

DESIGNATION

NATURE OF BUSINESS (please specify) NATURE OF BUSINESS (please specify)

MARITAL STATUS MARITAL STATUSSINGLE SINGLE

SALARIED

LANDLINE NO. LANDLINE NO.CNIC NO. CNIC NO.CELL NO. CELL NO.

SALARIED

MARRIED MARRIED

BUSINESSMAN BUSINESSMANSELF-EMPLOYED SELF-EMPLOYED

BUSINESS / EMPLOYMENT TENURE BUSINESS / EMPLOYMENT TENURE

GROSS INCOME GROSS INCOME

NET INCOME NET INCOME

OTHER INCOME OTHER INCOME

MONTHLY INCOME (in Pak Rupee) MONTHLY INCOME (in Pak Rupee)

CNIC NO. CNIC NO.

TEL (OFF) TEL (OFF)

TEL (RES) TEL (RES)

CELL CELL

ADDRESS RES. ADDRESS RES.ADDRESS OFFICE ADDRESS OFFICEPASSPORT (in case of foreigner) PASSPORT (in case of foreigner)

NATIONALITY NATIONALITYEMAIL ADDRESS EMAIL ADDRESSONLINE BUSINESS CARD ONLINE BUSINESS CARD

11 BIPL Securities Limited11 BIPL Securities LimitedRISK DISCLOSURE DOCUMENT

TO BE GIVEN BY THE BROKERS TO THEIR CUSTOMERS

Th is Risk Disclosure document is prescribed by the Pakistan Stock Exchange Limited (PSX) under Clause 13(1) of the Securities Broker (Licensing and Operations) Regulations, 2016.Th is document contains important information relating to various types of risks associated with trading and investment in financial products (equity securities, fixed income instruments, derivatives contracts etc.) being traded at PSX. Th e customers should carefully read this document before opening trading account with a broker.In case a customer suffers negative consequences or losses as a result of trading/investment, he/she shall be solely responsible for the same and PSX or Securities and Exchange Commission of Pakistan (SECP) shall not be held responsible/liable, in any manner whatsoever, for such negative consequences or losses.Th e customers must acknowledge and accept that there can be no guaranteed profit or guaranteed return on their invested capital and under no circum-stances a broker can provide customers such guarantee or fixed return on their investment in view of the fact that the prices of securities and futures con-tract can fall as well as rise depending on the market conditions and performance of the companies. Customers must understand that past performance is not a guide to future performance of the securities, contracts or market as a whole. In case the customers have any doubt or are unclear as to the risks/information disclosed in this document, PSX strongly recommends that such customer should seek an independent legal or financial advice in advance.PSX neither singly or jointly and expressly nor impliedly guarantee nor make any representation concerning the completeness, accuracy and adequacy of the information contained in this document as this document discloses the risks and other significant aspects of trading/investment at the minimum level. PSX does not provide or purport to provide any advice and shall not be liable to any person who enters into a business relationship with a broker based on any information contained in this document. Any information contained in this document must not be construed as business/investment advice in any manner whatsoever.

THE CUSTOMERS MUST BE AWARE OF AND ACQUAINTED WITH THE FOLLOWING:

1. BASIC RISKS INVOLVED IN TRADING IN SECURITIES MARKET:

1.1 VOLATILITY RISK:Volatility risk is the risk of changes in the value of financial product in any direction. High volatility generally means that the values of securities/con-tracts can undergo dramatic upswings and/or downswings during a short period. Such a high volatility can be expected relatively more in illiquid or less frequently traded securities/contracts than in liquid or more frequently traded one. Due to volatility, the order of a customer may not be executed or only partially executed due to rapid change in the market prices. Such volatility can also cause price uncertainty of the market orders as the price at which the order is executed can be substantially different from the last available market price or may change significantly thereafter, resulting in a real or notional loss.

1.2 LIQUIDITY RISK:Liquidity refers to the ability of market participants to buy and/or sell securities expeditiously at a competitive price and with minimal price difference. Generally, it is assumed that more the numbers of orders available in the market, greater is the liquidity. Liquidity is important because with greater liquidity, it is easier for customers to buy and/or sell securities swiftly and with minimal price difference and, as a result, customers are more likely to pay or receive a competitive price for their executed trades. Generally, lower liquidity can be expected in thinly traded instruments than in liquid or more frequently traded ones. As a result, order of customer may only be partially executed, or may be executed with relatively greater price difference or may not be executed at all. Under certain market conditions, it may be difficult or impossible for the customers to liquidate a position in the market at a reasonable price, when there are no outstanding orders either on the buy side or on the sell side, or if trading is halted in a security/contract due to any reason.

1.3 SPECULATIVE TRADING RISK:Speculation involves trading of a security/contract with the expectation that it will become more valuable in a very near future. Th ese transactions are attempted to make profit from fluctuations in the market value of securities, rather than fundamental value of a securi-ty and/or underlying attributes embodied in the securities such as dividends, bonus or any other factor(s) materially affecting the price.Speculative trading results in an uncertain degree of gain or loss. Almost all investment activities involve speculative risks to some extent, as a customer has no idea whether an investment will be a blazing success or an utter failure. Day trading strategy is a common example of speculative trading in which customers buy and sell the same security/derivative within the same day, such that all obligations are netted off and closed and no settlement obligations stand. Th e customer indulging in a day-trading strategy needs to be more vigilant and informed than the customers investing for a longer period, as market may not move during the day as the day-trader originally anticipated, resulting in a loss to them.

1.4 RISK OF WIDER SPREAD: Th e Bid-Ask spread is the difference between the offer price and bid price of a security/contract quoted by the Market Makers or trading parties. Th e size of spread is affected by a number of factors such as liquidity, volatility, free float (the total number of shares outstanding that are readily available for trading) etc. Generally, low liquidity, high volatility and low free float levels of a security may result in relatively wider Bid- Ask Spread. Th e higher Bid-Ask spread can result in greater cost to customers.1.5 RISK PERTAINING TO THE PRICE FLUCTUATIONS DUE TO CORPORATE ANNOUNCEMENT: Th e corporate announcements by the issuers for the corporate actions or any other material information may affect the price of the securities. Th ese announcements combined with relatively lower liquidity of the security may result in significant price volatility.

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Th e customers, while making any investment decision in such securities/contracts, are advised to take into account such announcements. Moreover, the customers should be cautious and vigilant in case fake rumors are circulating in the market. Th e Customers are advised to refrain from acting purely based on such rumors rather take well informed investment decision in light of all facts and circumstances associated with such securities and their issuers.

1.6 RISK REDUCING ORDERS:Th e customers can place orders for limiting the losses to certain amounts, such as Limit Orders, Stop Loss Orders, and Market Orders etc. Customers must ask their brokers for detailed understanding of these order types. Customers must acknowledge that placement of such orders for limiting losses to certain extent may not always be an effective tool due to rapid movements in the prices of securities and, as a result, such orders may not be executed.

1.7 SYSTEM RISKHigh volume trading will frequently occur at the market opening and before market close. Such high volumes may also occur at any point in the day causing delay in order execution or confirmation. During periods of volatility, on account of market participants continuously modifying their order quantity or prices or placing fresh orders, there may be delays in order execution and its confirmations.

1.8 SYSTEMIC RISKSystemic risk arises in exceptional circumstances and is the risk that the inability of one or more market participants to perform as expected will cause other participants to be unable to meet their obligations when due, thereby affecting the entire capital market.

1.9 SYSTEM AND NETWORKING RISK:Trading on the PSX is done electronically, based on satellite/leased line based communications, combination of technologies and com-puter systems to place and route orders. All these facilities and systems are vulnerable to temporary disruption or failure, or any such other problem/glitch, which may lead to failure to establish access to the trading system/network. Such limitation may resultin delay in processing or processing of buy or sell orders in part only or non-processing of orders at all. As with any financial transac-tion, the customer may experience losses if orders cannot be executed normally due to systems failures on the part of exchange or broker.Th e losses may be greater if the broker having customers’ position does not have adequate back-up systems or procedures. Accordingly, the Customers are cautioned to note that although these problems may be temporary in nature, but when the customers have outstanding open positions or unexecuted orders, these limitations represent a risk because of obligations to settle all executed transactions.

1.10 RISK OF ONLINE SERVICES:Th e customers who trade or intend to trade online should fully understand the potential risks associated with online trading. Online trading may not be completely secure and reliable and may cause delay in transmitting information, execution of instructions due to technological barriers. Moreover, the customer acknowledges and fully understands that he/she shall be solely responsible for any consequences arising from disclosure of the access codes and/or passwords to any third person or any unauthorized use of the access codes and/or passwords.

1.11 REGULATORY/LEGAL RISK:Government policies, rules, regulations, and procedures governing trading on the exchange are updated from time to time. Such regulatory actions and changes in the legal/regulatory ecosystem including but not limited to changes in tax/levies may alter the potential profit of an investment. Some policies of the government may be focused more on some sectors than others there by affecting the risk and return profile of the investment of the customers in those sectors.

2. RISKS IN DERIVATIVE AND LEVERAGE PRODUCTS:Derivative and leveraged trades enable the customer to take larger exposure with smaller amount of investment as margin. Such trades carry high level of risk and the customers should carefully consider whether the trading in the derivative and leveraged products is suitable for them, as it may not be suitable for all customers. Th e higher the degree of leverage, the greater the possibility of profit or loss it can generate in comparison with the investment involving full amount. Th erefore, the customers should trade in the derivative and leveraged products in light of their experiences, objectives, financial resources and other relevant circumstances.Derivative product namely Deliverable Futures Contract, Cash Settled Futures Contract, Stock Index Futures Contract and Index Options Contracts and leveraged products namely Margin Trading System, Margin Financing and Securities Lending and Borrowing are available for trading at stock exchange.Th e customer transacting in the derivative and leveraged markets needs to carefully review the agreement provided by the brokers and also thoroughly read and understand the specifications, terms and conditions which may include markup rate, risk disclosures etc. Th ere are a number of additional risks that all customers need to consider while entering into derivative and leveraged market transactions. Th ese risks include the following:

(a) Trading in the derivative and leveraged markets involves risk and may result in potentially unlimited losses that are greater than the amount depos-ited with the broker. As with any high risk financial product, the customer should not risk any funds that the customer cannot afford to lose, such as retirement savings, medical and other emergency funds, funds set aside for purposes such as education or home ownership, proceeds from student loans or mortgages, or funds required to meet living expenses.

(b) All derivative and leveraged trading involves risk, and there is no trading strategy that can eliminate it. Strategies using combinations of positions, such as spreads, may be as risky as outright long or short positions. Trading in equity futures contracts requires knowledge of both the securities and the futures markets.


(c) Th e customer needs to be cautious of claims of large profits from trading in such products. Although the high degree of leverage can result in large and immediate gains, it can also result in large and immediate losses.

(d) Because of the leverage involved and the nature of equity futures contract transactions, customer may feel the effects of his/her loss-es immediately. Th e amount of initial margin is small relative to the value of the futures contract so that transactions are ‘lever-aged’ or ‘geared’. A relatively small market movement will have a proportionately larger impact on the funds the customer has depositedor will have to deposit. Th is may work against customer as well as for him/her. Customer may sustain a total loss of initial margin funds and any addi-tional funds deposited with the broker to maintain his/her position. If the market moves against his/her position or margin levels are increased, customer may be called upon to pay substantial additional funds on short notice to maintain his/her position. If the customer fails to comply with a request/call for additional funds within the time specified, his/her position may be liquidated/squared-up at a loss, and customer will be liable for the loss, if any, in his/her account.

(e) Th e customer may find it difficult or impossible to liquidate/square-up a position due to certain market conditions. Generally, the customer enters into an offsetting transaction in order to liquidate/square-up a position in a derivative or leverage contract or to limit the risk. If the customers cannot liquidate position, they may not be able to realize a gain in the value on position or prevent losses from increasing. Th is inability to liquidate could occur, for example, if trading is halted due to some emergency or unusual event in either the equity futures contract or the underlying security, no trading due to imposition of circuit breaker or system failure occurs on the part of exchange or at the broker carrying customers’ position. Even if customers can liquidate position, they may be forced to do so at a price that involves a large loss.

(f ) Under certain market conditions, the prices of derivative contracts may not maintain their customary or anticipated relationships to the prices of the underlying security. Th ese pricing disparities could occur, for example, when the market for the equity futures contract is illiquid, when the primary market for the underlying security is closed, or when the reporting of transactions in the underlying security has been delayed.

(g) Th e customer may be required to settle certain futures contracts with physical delivery of the underlying security. If the customer hold position in a physically settled equity futures contract until the end of the last trading day prior to expiration, the customer shall be obligated to make or take delivery of the underlying securities, which could involve additional costs. Th e customer should carefully review the settlement and delivery conditions before entering into an equity futures contract.

(h) Day trading strategies involving equity futures contracts and other products pose special risks. As with any financial prod-uct, customers who seek to purchase and sell the same equity futures in the course of a day to profit from intra-day price movements(“day traders”) face a number of special risks, including substantial commissions, exposure to leverage, and competition with professional traders. Th e customer should thoroughly understand these risks and have appropriate experience before engaging in day trading. Th e customer should obtain a clear explanation of all commission, fees and other charges for which he/she will be liable. Th ese charges will affect net profit (if any) or increase loss.

3. GENERAL

3.1 ASSETS HELD WITH BROKERS:Th e customer should familiarize him/herself with the measures available for protecting from the risk of misappropriation or misuse of cash and securi-ties held with the brokers. For such purpose, he/she may opt for UIN Information System (UIS) provided by National Clearing Company of Pakistan Limited (NCCPL). Th e customer should also provide correct mobile number/email address in order to receive SMS/e-Alerts services being provided by the NCCPL and Central Depository Company of Pakistan Limited (CDC) on each trade and movement of their securities.Moreover, the customers should be aware of the protections given to money and securities deposited with the brokers, particularly in the event of a default by such broker or the broker’s insolvency or bankruptcy. Th e customer recognizes that in such default/insolvency/bankruptcy scenario, the customer may recover his/her money and/or property to such extent as may be governed by relevant PSX Regulations and/or local laws in force from time to time.

3.2 CUSTOMERS RIGHTS AND OBLIGATIONS:Th e customer must understand their rights and obligations as well as the rights and obligations of the brokers specified under the PSX Regulations and the Standardized Account Opening Form, Know Your Client Form, Standardized Sub-Account Opening Form of CDC, and Agreement(s) of Lever-aged Products (Margin Trading System, Margin Financing and Securities Lending and Borrowing), where applicable, and any other applicable Rules, Regulations, Guidelines, Circulars etc. as may be issued by SECP and PSX from time to time.

(a) Th e customers should ensure that they deal through the registered branch and with the registered Agents/Traders/Representatives of the broker. Th e customer shall also verify such details from the website of PSX and Jamapunji (www.jamapunji.pk);

(b) Customer at the time of establishing relationship with the brokers, should obtain a clear explanation of all brokerage, commission, fees and other charges for which customer will be liable to pay and these charges will affect net cash inflow or outflow;

(c) It is obligatory for the brokers to issue contract note, in either electronic form or hard copy, by next working day of trading. Th e contract note shall contain all information relating to trade execution including commission and charges applicable on the customers. In case contract note is not issued, customer should inquire with broker immediately and in case the matter is not resolved, the same should be reported to the PSX;

(d) Th e customers should match the information as per the contract notes with the SMS/e-Alert received from CDC and/or NCCPL and may also verify from the UIS facility from the website of NCCPL.

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UNDERTAKING

I, the customer, hereby acknowledge that I have received this Risk Disclosure Document and have read and understood the nature of all risks and other contents and information provided in this document.

Date:

Signature of Broker Signature of Account Holder

Signature of Joint Account Holder


FATCA CUSTOMER QUESTIONNAIRE

ANNEXURE A

TITLE OF ACCOUNT: ___________________________________________________

Under SECP directives, Brokerage houses in Pakistan have registered with the U.S. Inland Revenue Services (IRS) and are required to comply with the FATCA and related regulations. BIPL Securities Limited is required to request certain information from certain persons who maintain an account at BIPL Securities Limited (whether such persons are U.S. taxpayer or not). Information collected will be used solely to discharge statutory requirements under laws applicable in Pakistan and will not be used for any other purpose. In order to fulfill this requirement BIPL Securities Limited requires your duly filled in Form W-9 or W-8BEN and/or other forms of documentation that certifies your status (whether such persons are U.S. taxpayers or not), as applicable, declaring your tax status.

Please note that a failure to submit your tax form may force us to turn over (withhold) 30% of any U.S. sourced transactions to/from your account on a monthly basis directly to the IRS and/or closure of your account. Th is process will continue until such time that we receive your completed W-9 or W-8 form or other documentation to certify your status, as applicable.

FORM NO. ___________________

Are you a citizen or resident of the USA? YES NO

US Resident - tick the appropriate box: US Citizen Green Card Holder Tax Resident in U.S.

Country of Citizenship and/or Residency:

Please state your country of birth:

Tax Identifi cation Number (TIN):

US Tax Payer Status: W-9

Account Holder

W-8 BEN(US Person) (Non US Person for Tax Purposes)

I/We hereby certify that the information I have provided in this form is true, correct and complete, I/we confirm that under no circumstances shall BIPL Securities Limited, its employees or its contractors be liable for any direct, indirect, incidental, special, punitive or consequential damages that may result in any way from their reliance on the information I/we have provided. I/We confirm that I/we have provided this information willingly without advice or help from BIPL Securities Limited. I/We understand that providing false information, withholding relevant information or responding in a misleading way, may result in rejection of my application or other appropriate action taken against me. I/ we will indemnify/ hold harmless BIPL Securities Limited from any loss, claim, damages or liability arising or incurred by BIPL Securities Limited in discharging its obligations under FATCA and/or as result of disclosure of account related information to the U.S. IRS (Tax Authorities).

I/We authorize BIPL Securities Limited to disclose information relevant to account and its operation to the concerned tax authorities for the purpose of complying with laws of my/our country of tax residence.

Customer Name: _________________________________________(As per identity document)

Power of Attorney / Mandate

Guardian

Other (please specify)Capacity of signature (please tick 1 box

Signature

Date

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FATCA CUSTOMER QUESTIONNAIRE

ANNEXURE B

TITLE OF ACCOUNT: ___________________________________________________

Please confirm the signatory’s FACTA status by checking relevant box by “”

Documents Required

1. Is account holder a U.S. citizen or lawful permanent resi-dent?

If yes, please provide form W-9

For Offi ceUse Only

FORM NO. ___________________

INFORMATION OF AUTHORISED SIGNATORY FATCA US INDICATION

YES NO

2. Is place of birth of account holder is in the U.S.? If yes, please provide form W-9 or W-8 BEN; and Non-U.S. passport/ID or similar documentation establishing foreign cit-izenship; and written explanation regarding U.S. citizenship.

YES NO

3. Is the account holder has a US address or US phone num-ber?

If yes, please provide form W-9 or W-8 BEN; and Non-U.S. passport/ID or similar documentation establishing foreign cit-izenship; and tax residence certificate.

YES NO

4. Will there be instructions to transfer funds to U.S. ac-counts or directions regularly received from a U.S. ad-dress?

If yes, please provide form W-9 or W-8 BEN; and documen-tary evidence establishing non U.S. status. YES NO

5. Will there be address on file which is “in care of” or “hold mail” or U.S. P.O.Box and/or U.S. telephone number?

Name: __________________________________________________(Assistant Operations Manager/Branch Operations Officer)

Data Entry Offi cer Name: ___________________________________

OPERATIONS DEPARTMENT:

Signature: _______________________

Signature: _______________________

If yes, please provide form W-9 or W-8 BEN; and documen-tary evidence establishing non U.S. status. YES NO

Date:__________________

Date:__________________

Name: __________________________________________________(Senior Offi cer Compliance)

Senior Offi cer Name: _______________________________________

Customer Signatory / Client ID:

Signature: _______________________

Signature: _______________________

Date:__________________

Date:__________________

FATCA Status: US Person

Recalcitrant

Non-US Person


To,BIPL Securities Limited, 5th Floor, Trade Centre, I. I. Chundrigar Road, Karachi.

With reference to my/our equities Trading Account No. ____________________ opened with you and pursuant to clause 14 of the special terms and conditions contained in your account opening form, I/we hereby jointly/severally authorized.

(1 )Mr./Ms./Mrs. __________________________________________

(2 )Mr./Ms./Mrs. __________________________________________

holding CNIC No._________________________________________

holding CNIC No.__________________________________________ to operate my/our above account with BIPL Securities Limited with full power to Buy, Sell and Trade in securities (as defined in BIPL’s Account Opening Form) on my/our behalf and issue instructions for sale and purchase of securities and for trading in securities from time to time, to receive payments on my/our behalf again securities sold by me/us or account by the au-thorized person(s) through BIPL, to deliver the securities to BIPL sold on my/our account, to make payments for securities purchased by the authorized person(s) on my/our account through BIPL and to generally represent me/us to BIPL and to deal with BIPL on my/our behalf in all matters pertaining to the Sale, Purchase and Trading in securities and/or maintenance and operation of the said account with BIPL.

I/we shall accept all instruction that may be effectuated by the said authorized person(s) jointly/severally without raising any disputes or issues and shall be fully responsible and liable for all actions, acts, things and deeds done or effectuated by the said authorized person(s).

Th e specimen signatures of the authorized person(s) are as follows:

and

s/o, d/o, w/o, of Mr.________________________________________

s/o, d/o, w/o, of Mr.________________________________________

Re: Authorisation for Trading in Securities and operation of Account with BIPL Securities Limited

LETTER OF AUTHORIZATION

ANNEXURE C

S.NO

NAME NAME

SIGNATURE SIGNATURE

CNIC NO. CNIC NO.

WITNESSES SIGNATURE(S) OF EXECUTANT(S) [ACCOUNT HOLDE(S)]

NAME OF AUTHORIZED PERSONS CNIC NO. SPECIMEN SIGNATURE

1

2

NAME NAME

SIGNATURE SIGNATURE

CNIC NO. CNIC NO.

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MAIN APPLICANT JOINT APPLICANT 1 JOINT APPLICANT 2 JOINT APPLICANT 3 PARTICIPANTBROKER

CDC SUBACCOUNTOPENING FORM

(For offi cial use of the Participant only)

Application Form No:

CDC Participant ID:

Sub-Account No: 00364Trading Account No: (if applicable)

(Sub-Accounts are opened and maintained by Participants in accordance with the CDC Regulations made pursuant to Section 4 of the Central Depositories Act, 1997)



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For more information, reach out to us at Email: [email protected] | Call: +92 21 111 222 001 | URL: www.biplsec.com