|
Alliance makes active markets in Deferred Delivery (i.e. Negotiated Forward
Agreements) and provides portfolio financing of physical precious metals
holdings. A Negotiated Forward transaction is identical to a "spot"
transaction except that the Delivery Date is extended into the future by mutual
agreement.
Holders of physical precious metals can acquire liquidity or increase their
leverage by entering into a Collateralized Financing Agreement for physical
precious metals on deposit with Alliance.
Alliance requires Good Faith Deposits (i.e. Margin Deposits) for all Negotiated
Forward transactions and requires certain minimum "Equity" levels be maintained
for all Collateralized Portfolio Financings.
All Precious Metals Lease participants must also open a Spot Physical Metals
Trading Account.
|
Instructions: To view and print PDF files, you will need a copy of the
Adobe Acrobat Reader. It may be downloaded for free from
www.adobe.com
|
| Step 1: |
If you do not have a currently active "Spot" account, download and
complete the following:
Note: If your account is being introduced or reintroduced to Alliance Financial
by another broker, then you must also download and complete the following
document and include it with your application submission.
|
| Step 2: |
Download and complete the following:
|
| Step 3: |
Make a copy of these documents for your records. |
| Step 4: |
Return these fully executed agreements to Alliance for processing.
To expedite the initial review process, you may FAX them to:
FAX: 1 312/582.6738
We must receive and maintain original signatures in our permanent records, so
in addition to faxing copies of the original Trading Application and Account
Agreements, the fully-executed originals should be mailed to:
Alliance Financial, LLC
721 E. Madison Street — Suite 100
Villa Park, Illinois 60181
Attn: New Accounts
|
| |
| **Forward Agreements and/or Collateral-based
Financing is only available for non-speculative commercial purposes or where
actual physical delivery occurs. |
| RISK DISCLOSURE STATEMENTS |
ANTI-TERRORISM and ANTI-MONEY LAUNDERING NOTICE
Important Information About Procedures for Opening a New Account —
To help the government fight the funding of terrorism and money laundering
activities, Federal law requires all financial institutions to obtain, verify
and record information that identified each person who opens an account.
What this means for you — When you open an account, we will ask you
for your name, address, date of birth and other information that will allow us
to identify you. You may also be asked to provide a copy of the following Photo
Identification Documents: a valid driver's license, a valid state issued ID
card, a valid passport or other identifying documents.
PRECIOUS METALS RISK DISCLOSURE — There is risk of loss from
Precious Metals trading. Past results are not necessarily indicative of future
results. Precious Metals trading, even when done by a professional trader,
presents substantial risk of loss, and only funds that a customer can afford to
lose should be used for Precious Metals trading. You should carefully examine
whether or not Precious Metals trading is suitable for you in light of your
financial condition.
PRECIOUS METALS BORROWING/LENDING RISK DISCLOSURE — There is risk
of loss in borrowing or lending of physical precious metals. You should
carefully consider the risks associated with such borrowing or lending in the
light of your individual financial circumstances.
PRECIOUS METALS GOOD FAITH DEPOSIT NOTICE — Because precious metals
prices often fluctuate violently between the Trade Date and a trade's
Settlement Date, IBS Metals/Alliance generally require a Good Faith Deposit
(cash or collateral) of approximately 10% of the face value of the physical
precious metals to be bought/sold to be on deposit prior to entering into
binding transactions.
This Good Faith Deposit must be on deposit prior to entering into a trade or
quoting firm prices. IBS Metals/Alliance will provide "indication only" price
quotations on request prior to receipt of the required Good Faith Deposit.
Adverse market movement will require the posting of additional funds/collateral
on short notice.
|
|
|
