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OPEN AN ACCOUNT
INSTITUTIONAL INVESTORS

PROCESS FLOW

Introduction
Documentation
Agreement
Setup & Configuration
Workshops & User Training
Funding / Limit Setup
Trading

Introduction with the Relationship Manager and the MFS DIFC Client On-Boarding Team

Required KYC Documents and Agreements to be submitted to the MFS DIFC Client On-Boarding Team

All required agreements to be signed off by both parties

System setup and configurations to be done based on the agreements

Client teams to be made familiarized with the systems and business processes

Client to fund the account or request for trading limits

Commence trading

THE FOLLOWING ARE REQUIRED FOR INSTITUTIONAL CLIENTS TO OPEN AN ACCOUNT
KYC Documents
  • Certificate of Incorporation

  • Regulatory License

  • Commercial License / Trade License

  • Articles of Association

  • Board Resolution with the List of Authorized Signatories with Their Signature Specimen

  • Proof of stock exchange listing (if listed)

  • Certified List of Board of Directors and their ID/ Passport copies

  • Certified List of Authorized Signatories and their ID/ Passport copies

  • Ownership Structure

  • List of Beneficial Owners and their ID / Passport copies (Certified Beneficial Owners who owns more than 5%)

  • Authorized Traders List

  • Latest Audited Financial Statements

  • Trade Confirmations Email Distribution List

  • VAT Registration Certificate (For UAE clients only)

  • Standard Settlement Instructions

AGREEMENTS & FORMS
  • Mubasher Brokerage Service Agreement (Institutional Clients)

  • Derivatives Trading Agreement

  • CRS Entity Form

  • FATCA Form - W8BEN-E (If the client acting as prop only)

  • FATCA Form -  W8IMY (If the client acting on behalf of end clients)

  • Wolfsburg Questionnaire form

  • GTN Agreement and Addendums (Optional)

  • QI/ ADR Documents (If the client is trading Omnibus in US Markets for their underlying clients)

SEND US YOUR DOCUMENTS

Send us your complete set of documents to mid-office@gtnasia.com with a header “Account Opening – <Your Name>”.