Tribe Mandate_ FSB _2016

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  • INITIAL HERE 1Registration number: 2003/023565/07 Tribe Capital (Pty) Ltd is an Authorised Financial Services Provider - FSP 44995

    This document serves as confirmation of the business particulars ofDavid Lamb - Key Individual & Representative of Tribe Capital (Pty) LtdBenjamin Swanepoel - Representative of Tribe Capital (Pty) Ltd (Under Supervision)as required by the FAIS Act.

    CONTACT DETAILSPhysical address: Suite M2, Block C, Northlands CornerCnr New Market Rd & Witkoppen RdNorthriding, 2169

    Postal address:Postnet 136, Private Bag X51Rivonia2128

    Land line no: 010 350 5400E-mail: benjamin@tribecapital.co.za

    LEGAL STATUS Employed Key Individual & RepresentativeQUALIFICATIONSBSc Honours Mathematics, Institute of Actuaries (UK), Actuarial Society of South Africa

    1st Level RE: Key Individuals, Representatives and Cat II Key Individuals

    EXPERIENCE 42 YearsYears experience in the Financial Services Industry Since 1964Work related experience Since 1964HOLDER OF PROFESSIONAL INDEMNITY INSURANCE YES

    PRODUCT CATEGORIESThe mentioned intermediary is authorised to provide advice and intermediary services on the following Category I Product Categories:

    Securities & Instruments : Shares Securities & Instruments : Warrants certificates and other instruments Securities & Instruments : Derivative Instruments Short-term Deposits MANDATESHORT-TERM TRADING IN DERIVATIVES AND SHARES

    The mentioned intermediary is mandated via Tribe Capital (Pty) Ltd to act as intermediary on behalf of the following Companies:

    RussellStone Agri / Grainvest Nedbank

    InvestecPeregrine

    Standard Bank

    Velocity

    Earned > 30% of total Short term Trading commission for the previous year from: VelocityDo not own > 10% of issued shares directly/indirectly in any Product Provider and are not an associated company of any Product Provider.CONFLICT OF INTEREST

    This FSP has implemented a Conflict of Interest Management Policy. The FSP might on occasion receive gifts/prizes from Service Providers, the details of which are contained in the Gifts Register and is available for your perusal.Prospective clients may or may not have invested in a technical analysis software package. Please note that sellers of the said software or any introducer of business are not a representative of Tribe Capital.

    REMUNERATION COMMODITIES:

    R 220.00 or less per contract.

    REMUNERATION: CFDs

    40 basis points of exposure per trade paid to the FSP and 10 basis points to Nedbank, Investec, Standard Bank. 40 basis points of exposure per trade paid to the FSP and 10 basis points to Velocity. Minimum brokerage = R50

    REMUNERATION: Shares

    30 basis points of exposure per trade paid to the FSP and 20 basis points to the service provider. Minimum brokerage = R150

    COMPLAINTS Kindly direct all complaints in writing to the external compliance officer: Germa Beukes on fax 086 691 5253 or germa@tenfour.co.za

    FAIS OMBUDSMAN: PO Box 74571 Lynnwood Ridge, 0040; Tel: 012 470 9080; Fax: 012 348 3447; www.faisombud.co.zaFSB: PO Box 35655 MENLOPARK, 0102; Tel: 0800 20 20 87; Fax: 0800 11 04 43; www.fsb.co.zaJSE: P/Bag x 991 174, Sandton, 2146; Tel: 011 520 7000; info@jse.co.za; www.jse.co.za

    PERSONAL PARTICULARS OF INTERMEDIARY

    1

  • INITIAL HERE2

    Kindly note that

    Broker: E-mail: has been appointed as my trader and that I at my own discretion, have instructed him to advise me on potential trades in Contracts for difference (CFDs) and shares as part of a portfolio.

    I, (Full names of client)acknowledge that sound and proper trading and investing advice can only be provided with full disclosure of relevant information. In this regard, I take note of the following: I do understand that the service offered is only relevant for short term trading, and that neither Tribe Capital nor its representative is

    attempting to provide financial planning services. I understand that I need to consult an independent financial planner to advise me on the construction of my holistic investment

    portfolio. Futures contracts and Contracts for difference (CFDs) should constitute more than 5.00% - 10.00% of my total portfolio, and shares should note constitute more than 50.00% of my total portfolio.

    I undertake to complete all relevant mandates / documents personally, and truthfully. In addition, I take note of all the relevant risks out lined in the document titled Needs analysis and Risk profile for Investments. I will do my own analysis before acting on the recommendation of the trader. It is the clients responsibility to pay margin calls daily by 10:00 in the case of futures contracts. If this payment is not received by

    10:00 positions will be closed to bring the account into line without contacting the client. In the case of CFDs, the platform provider may use an algorithm to determine margin calls in real time. If there is not sufficient cash in the account, positions may be closed in real time to bring the account back into the risk parameters.

    If, for some reason, the trader regards me as a risky client, my initial margin requirement on futures contracts and CFDs may be doubled. This means that where the normal gearing factor may be 10 times, it may be decreased to five times in such a case. [www.investopedia.com/terms/g/gearing ratio.asp - A general term describing a financial ratio that compares some form of owners equity (or capital) to borrowed funds]

    I will provide certified copies of my Identity document (ID) and proof of physical address. I understand that only once these documents together with all other original documents (mandate etc.) have been received by the trader, will he start giving advice.

    BROKER DETAILS:Postal Address Physical Address (For courier services)Benjamin Swanepoel Benjamin SwanepoelPostnet Box 136Private Bag X51RivoniaSouth Africa2128

    Suite M2Block CNorthlands CornerCnr New Market Rd & Witkoppen RdNorthriding2169

    I/we further acknowledge that this consent to obtain information on my behalf, or the appointment of above advisor, will remain effective until cancelled by me / us in writing.CLIENT DETAILS:

    Full names and Surname:

    Telephone Number: ID number:

    Physical Address: E-mail Address:

    Client Signature Broker Signature

    Benjamin Swanepoel benjamin@tribecapital.co.za

    CLIENT AUTHORITY / BROKER APPOINTMENT

  • INITIAL HERE 3

    Needs AnalysisFor the purposes of this document we will assume the inflation percentage is: 6.00 %

    BROKER DETAILS:Client Name:Date:Age:NEEDS ANALYSIS:Lump Sum: R Thereafter the amounts will be determined by the variation marginWhat is the origin of the funds? INVESTMENT NEEDS AND GOALS: (Please indicate the applicable answers)What is your main investment aim? Capital Growth Income from dividendsINVESTMENT PORTFOLIO:Do you have any other investments? (If yes, please indicate type and amounts) Yes NoType: Amount:

    RRRR

    Total: RDEBT:Do you have any debt? (If yes, please indicate amounts) Yes NoBond RVehicle Finance ROther: RTotal: REMERGENCY FUND:Do you have sufficient funds set aside to cover most emergencies? Yes NoIf so, how much capital do you have available in case of an emergency? R

    Client Signature Advisor Signature

    NEEDS ANALYSIS AND RISK PROFILE FOR INVESTMENTS

  • INITIAL HERE4

    Risk ProfileTrading in derivatives (http://en.wikipedia.org/wiki/Derivative_(finance)) can be risky. More specifically, futures contracts and contracts for difference (CFDs) are types of derivative instruments.In finance, a futures contract (more colloquially, futures) is a standardized contract between two parties to buy or sell a specified asset of standardized quantity and quality for a price agreed upon today (the futures price) with delivery and payment occurring at a specified future date, the delivery date, making it a type of derivative instrument. The contracts are negotiated at a futures exchange, which acts as an intermediary between the two parties. The party agreeing to buy the underlying asset in the future, the buyer of the contract, is said to be long, and the party agreeing to sell the asset in the future, the seller of the contract, is said to be short.[1]http://en.wikipedia.org/wiki/Futures_contract

    In finance, a contract for difference (or CFD) is a contract between two parties, typically described as buyer and seller, stipulating that the seller will pay to the buyer the difference between the current value of an asset and its value at contract time (If the difference is negative, then the buyer pays instead to the seller). In effect CFDs are financial derivatives that allow traders to take advantage of prices moving up (long positions) or prices moving down (short positions) on underlying financial instruments and are often used to speculate on those markets. (http://en.wikipedia.org/wiki/Contract_for_difference)

    The following risks are inherent in CFDs (See above Wikipedia link) and to an extent in normal share trading:

    1. COUNTERPARTY RISKCounterparty risk is associated with the financial stability or solvency of the counterparty to a contract. In the context of CFD contracts, if the counterparty to a contract fails to meet their financial obligations, the CFD may have little or no value regardless of the underlying instrument. This means that if Velocity Trading/Tribe Capital is liquidated, clients can lose all their money. (This risk is not relevant when trading futures contracts through an exchange like Safex / JSE).Do you understand and are you willing to take this risk? Yes No2. MARKET RISKThe main risk is market risk as the contract is designed to pay the difference between