I. APPLICANT INFORMATION
Legal Name:
Mailing Address:
Is your company a holding company?
Will your account be used by, or on behalf of a third party?
Do you have an account with us?
If YES, please provide company name
II. BUSINESS INFORMATION
Business Type
Business Jurisdiction
Attach the following
Are individuals listed above or transacting with TelpayFX/AFEX Politically Exposed Person or Head of Int’l Organization?
III. BANKING INFORMATION
Attach a void company cheque
How will you make payments/transfers?
IV. FOREIGN CURRENCY CONVERSION
Types of Trades
Currencies Buying:
(please list)
Currencies Selling:
(please list)
Company Maximum Limit per Trade (in USD)
* NOTE: Individual limits can be set for each user
V. TELPAYFX ONLINE
TelpayFX Online is our free, secure and simple to use online platform for managing your currency conversions and payments. You can set up TelpayFX Online users at any time, but at least one user must be selected during your account set up. If you have multiple users you will need to select the Primary Contact for payment enquiries, daily operations, call-backs and receipt of confirmations. Please note that any user listed on this application will be authorized to access the services provided by TelpayFX Online.
| User Roles |
| Input and Approve |
Input Only |
View Reports |
Custom Role |
| View Balance |
View Balance |
View Balance |
Bespoke functionality to be determined |
| Submit Orders (FX trades) |
|
|
|
| Schedule Payments |
|
|
|
| Administer/Approve Beneficiaries |
Access/Edit Beneficiaries |
|
|
| View/Reprint Reports |
View/Reprint Reports |
View/Reprint Reports |
|
| *Approval required when submitting Orders/scheduling payments |
VI. VERIFICATION AND FORMS
Attach the following:
TelpayFX foreign exchange and payment transaction service is provided by AFEX. If you use the AFEX service, AFEX will pay TelpayFX a referral fee.
Sharing of customers’ information - Customer understands TelpayFX will share all necessary information with AFEX. Customer has read, understood and agreed to TelpayFX’s and AFEX’s Terms & Conditions.
© 2020 TelpayFX, Inc All rights reserved. © 2020 Associated Foreign Exchange, Inc. All rights reserved.
VII. SIGNATORIES and ADDITIONAL USERS
Details about the individuals submitting this application on behalf of the Client (e.g., Company Officer, Director, Corporate Secretary, President, Partner, Owner, etc.).
Please note that any user listed on this application will be authorized to access the services provided by TelpayFX and AFEX.
How many authorized signatures are you wanting for approval of trades on this account?
How did you hear about us?
Check all that apply:
Authorized Signature
If checked attach one of the following
User Role:
Note: All directors must be listed
( If publicly traded list Directors/Officers only )
Note: List each natural person who, directly or indirectly, owns or controls 25% or more of the Client. Beneficial owners cannot be another legal entity; they must be the natural persons. If there
is no individual who maintains at least 25% ownership and/ or control, please enter the individual with the largest percentage of ownership. You must list at least one natural person.
Check all that apply:
Authorized Signature
If checked attach one of the following
User Role:
Note: All directors must be listed
( If publicly traded list Directors/Officers only )
Note: List each natural person who, directly or indirectly, owns or controls 25% or more of the Client. Beneficial owners cannot be another legal entity; they must be the natural persons. If there
is no individual who maintains at least 25% ownership and/ or control, please enter the individual with the largest percentage of ownership. You must list at least one natural person.
Check all that apply:
Authorized Signature
If checked attach one of the following
User Role:
Note: All directors must be listed
( If publicly traded list Directors/Officers only )
Note: List each natural person who, directly or indirectly, owns or controls 25% or more of the Client. Beneficial owners cannot be another legal entity; they must be the natural persons. If there
is no individual who maintains at least 25% ownership and/ or control, please enter the individual with the largest percentage of ownership. You must list at least one natural person.
Check all that apply:
Authorized Signature
If checked attach one of the following
User Role:
Note: All directors must be listed
( If publicly traded list Directors/Officers only )
Note: List each natural person who, directly or indirectly, owns or controls 25% or more of the Client. Beneficial owners cannot be another legal entity; they must be the natural persons. If there
is no individual who maintains at least 25% ownership and/ or control, please enter the individual with the largest percentage of ownership. You must list at least one natural person.
Check all that apply:
Authorized Signature
If checked attach one of the following
User Role:
Note: All directors must be listed
( If publicly traded list Directors/Officers only )
Note: List each natural person who, directly or indirectly, owns or controls 25% or more of the Client. Beneficial owners cannot be another legal entity; they must be the natural persons. If there
is no individual who maintains at least 25% ownership and/ or control, please enter the individual with the largest percentage of ownership. You must list at least one natural person.
...
VIII. TERMS AND CONDITIONS
Client enters into this Account Application and Agreement (“Agreement”) with TelpayFX Inc, (“TPFX”) solely acting as an introducer and providing an electronic trading platform to connect to our trading partner, Associated Foreign Exchange, ULC (“AFEX”) acting as the currency dealer as of the date this document is executed by Client. Client is also required to accept AFEX’s TERMS AND CONDITIONS.
1. DEFINITIONS
1.1. Whenever used in this Agreement, unless inconsistent with the subject matter or context, the following terms shall have the following meanings:
1.2. “TPFX” means TelpayFX Inc.
1.3. “AFEX” means the AFEX group of related companies, including parents, subsidiaries and affiliates, including, without limitation, AFEX ULC and AFEX Inc.
1.4. “Client” means the party entering into this Agreement with TPFX and AFEX.
1.5. “Services” means TPFX’s provision of an electronic trading platform and AFEX’s provision of various foreign exchange, settlement and delivery products and services, including without limitation, risk management and hedging services.
2. CONDUCTING BUSINESS WITH TPFX
2.1. Agreement. This Agreement shall apply to allowable currency transactions facilitated through the TPFX online platform or phone communications directly to our trading partner AFEX.
2.2. Provision of Services. TPFX is solely acting as an introducer and providing an electronic trading platform to facilitate a connection to our Partner AFEX. AFEX is responsible for the currency transactions and fund remittance.
2.3. NO SPECULATIVE TRADING, DERIVATIVES, OR OPTIONS Client acknowledges and agrees that it is forbidden to conduct any trades for speculative purposes. Additionally, trading of options or derivatives is strictly prohibited under this agreement.
2.4. Trade Summary. Upon Client’s execution and AFEX’s acceptance of an Order, TPFX may issue a Trade Summary to Client. The Trade Summary is for informational purposes, a Trade Confirmation will be sent directly from AFEX.
2.5. Fees. Client understands TPFX will receive a revenue sharing fee for facilitating the online platform and managing the client.
2.6. Errors and Discrepancies. TPFX’s role will be to assist client and AFEX in its efforts of any reported errors.
2.7. Terms & Conditions Applies to TPFX. Client acknowledges and agrees that the following AFEX Terms & Conditions also apply to TPFX:
2.7.1. Section 2.6 - No Advice
2.7.2. Section 2.7 - Information Sources
2.7.3. Section 14 – Online System
2.7.3.1. Note: The Online System will be provided by TPFX.
2.7.4. Section 15 – Online System Security
2.7.5. Section 16 – Intellectual Property
2.7.6. Section 18 – TERM, SUSPENSION AND TERMINATION
2.7.7. Section 19 - REPRESENTATIONS AND WARRANTIES
2.7.8. Section 21 - USE OF INFORMATION, PRIVACY AND DISCLOSURE
2.7.8.1. Note: Privacy Policy is available on website at www.castlefx.com
2.7.9. Section 22.1 – LIMITATION OF LIABILITY
2.7.9.1. Note: No Liability for TPFX. TPFX and its representatives’ have no liability under this Agreement provided it has used its best efforts in providing its service.
2.7.10. Section 22.4 – Indemnity
2.7.11. Section 23 – COMMUNICATION AND NOTICES
2.7.12. Section 24 – DIPSUTE RESOLUTION
2.7.13. Section 25 – TERMS OF MEDIATION
2.7.14. Section 26 – GENERAL TERMS AND CONDITIONS
IX. DECLARATIONS
Full Legal Name of Client:
Signatory 1
Signatory 2 (if necessary)
