Sapphire Markets LPOA (Individual 25/1)
Sapphire Global Prime Pty LtdLevel 29, 31 Market StreetSVG 2000
LIMITED POWER OF ATTORNEY
Is granted on Todays Date (“Date of Commencement”)
I / We the undersigned ("the Client"):
ACCOUNT HOLDER - INDIVIDUAL (If you are an individual, please fill out the boxes below)
Sapphire Markets Account Number:
Hereby appoints and authorises:
ATTORNEY - TRADING AGENT
Trading Agent: SNAPTRADE LTD
Account Number: 2058238042
Please Note: Sapphire Global Prime Pty Ltd (“Sapphire”) is not responsible for the selection or actions of the Power of Attorney. Sapphire provides only the platform and liquidity, acting in its capacity as execution only provider. The Power of Attorney, by signing this document accepts that as the Attorney, they are responsible for their own actions and accepts that as part of this but not exclusively, they are required to continue to ensure that the products offered by Sapphire and the investments undertaken are suitable for the clients risk appetite and they and the client are able to participate in trading under local laws and regulations. The Client agrees to: indemnify Sapphire for any losses, damages, costs and/or expenses, including Attorney’s fees arising from this document; that Sapphire is not responsible for any action or omission caused by the Power of Attorney, that they are fully responsible for the choice in Attorney and accepts they should continue to monitor trade activity.
This Deed may be executed in two counterparts, which together will have the same effect as if the Client and Attorney had signed the same document. The Client and/or the Attorney may deliver an executed copy of this Deed to the Firm by facsimile transmission or by emailing a scanned copy of the executed Deed to the Firm, and such delivery shall have the same force and effect as delivery of an original signed copy of this Deed.
The Power of Attorney is granted for the following purposes:
Terms of the Limited Power of Attorney:
Please see the appropriate fee structures below:
Client hereby ratifies and confirms that he/she has agreed to compensate Trading Agent for his/her services and hereby authorizes Sapphire to debit Client's trading account and credit these fees directly to trading agent, according to the following terms:
Performance Fees: 25% per month paid after the high watermark (pro rata)
Management Fees: 1% of account balance paid monthly in arrears (pro rata)
THIS POWER OF ATTORNEY IS EXECUTED AS A DEED AND IS DELIVERED AND TAKES EFFECT ON THE DATE OF THE LAST SIGNATURE BELOW.
TO BE SIGNED BY THE CLIENT: I, THE CLIENT, AGREE TO ALL OF THE TERMS SET OUT ABOVE AND EXECUTE AND DELIVER THIS POWER OF ATTORNEY AS A DEED.
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If you have questions about the contents of this document, you can email the document owner.
Document Name: Sapphire Markets LPOA (Individual 25/1)
Agree & Sign