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TERMS AND CONDITIONS
In using Application SALMAFX service, Clients agree and will comply with "Application SALMAFX Terms and Conditions", as follows:
The Clients can use Application SALMAFX to trade as provided by SALMAFX;
The Clients must fill in all data required for each transaction accurately and completely;
Margin and Other Payment
Implementation of Mandate
Anticipation of Goods Delivery
Obligation to Maintain Margin
Right of the Futures Broker to Liquidate the Client’s Position.
The Client shall be responsible to monitor/know his/her open position continuously and fulfill his/her obligation. If within a certain period of time, the fund as available at the Client’s account is less than that as already required, the Futures Broker may close the open position of the Client in its entirety or partially, limiting transaction, or other action to protect itself in fulfilling the said Margin by first notifying or without notifying the Client and the Futures Broker shall not be responsible for any loss arising from the said action.
Indemnity of Non-Delivery of Goods
If the Client is unable to deliver commodity in regard to Futures Contract which is already due, the Client shall authorize the Futures Broker to borrow or buy commodity to fulfill the requirements. The Client shall be required to pay immediately all fees, loss and premium already paid by the Futures Broker for the said action. If the Futures Broker should receive the delivery of commodity or securities, then the Client shall be responsible for the decrease of commodity of the securities.
Indemnity of Non Position Closing.
If the Client is unable to close any transaction which is already due, then the Futures Broker shall close the transaction in Futures Market. The Client should pay fees, including fee for loss and premium already paid by the Futures Broker, and if the Client fails to pay the fees, the Futures Broker shall be entitled to take the payment from the Client’s fund.
The Futures Broker May Limit Position.
The Client acknowledges the right of Futures Broker to limit open position of the Futures Contract of the Client and the Client will not deal with transaction exceeding limit already stipulated.
No Guarantee of Information and Recommendation.
The Client acknowledges that:
Limitation of Responsibility of the Futures Consultant.
Transaction shall Fulfill the Prevailing Regulation.
All transactions whether made by the Client on his/her own or through the Futures Broker shall fulfill legislation in Futures Trading sector, official practice and interpretation as stipulated by Regulatory Agency.
The Futures Trading shall not be responsible for Failure of Communication.
The Futures Broker shall not be responsible for any delay or non punctuality
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