Development Program Agreement
DEVELOPMENT PROGRAM AGREEMENT IN COMPLIANCE WITH PARTICIPATION BANKING IN TURKIYE
INVESTOR CONTRACT NO:……………………………………………………………………
INVESTOR ACCOUNT NO:..............................................................................
DATE:
1. Parties
On one side, INFO CAPITAL, hereinafter referred to as the "BROKERAGE HOUSE"; on the other side,
Full Name: ...............................................................................................
Mobile Phone: .........................................................................................
Email Address: .......................................@..............................................
National ID No: .........................................................................................
Hereinafter referred to as the "INVESTOR"; this Capital Market Instruments Agreement, hereinafter referred to as the “Agreement”, has been signed on ....../....../ .................... under the conditions stated below regarding the trading of capital market instruments in accordance with the development program.
2. Subject of the Agreement
The subject of this agreement is the allocation of a development share by the BROKERAGE HOUSE to be used in the purchase of capital market instruments on behalf of and for the account of the INVESTOR, and the determination of the terms and conditions of its use in accordance with the relevant Communiqué. All capital market instruments on which the BROKERAGE HOUSE has trading authority are included within the scope of this agreement.
3. Know Your Customer (KYC)
The BROKERAGE HOUSE is responsible for the identity information provided by the INVESTOR. The BROKERAGE HOUSE will not be held responsible for any incorrect or misleading information or documents provided by the INVESTOR.
4. Development Share Limit
a) Development Share Limit: With this agreement, the BROKERAGE HOUSE opens a trading limit of ............................................USD [..........................................USD] in capital market instruments for the benefit of the INVESTOR. In case any amendment is required solely regarding the increase of this development share limit, a Development Share Limit Increase Addendum, which is a separate document from this agreement, must be completed and signed by both parties.
5. Profit / Loss Status of the Development Share Investment Account
The INVESTOR PROVIDED WITH A DEVELOPMENT SHARE authorizes the BROKERAGE HOUSE to execute all buy-sell transactions (Open / Close Position and Intervene in Open Positions) on capital market instruments in the investment account. THE BROKERAGE HOUSE IS RESPONSIBLE FOR ALL PROFITS OR LOSSES FROM TRANSACTIONS EXECUTED WITHIN THIS AGREEMENT. THE INVESTOR CANNOT BE HELD FINANCIALLY OR EMOTIONALLY RESPONSIBLE FOR ANY LOSS FROM TRANSACTIONS OPENED/CLOSED BY THE BROKERAGE HOUSE. THE BROKERAGE HOUSE CANNOT REQUEST ANY MATERIAL OR NON-MATERIAL RIGHT OR PAYMENT FROM THE INVESTOR.
6. Fund Deposit / Withdrawal for the Development Share Investment Account
The INVESTOR may deposit any amount into the Development Share Investment Account during weekdays between 09:00 - 17:00 without any conditions. (Amounts deposited outside banking hours will be queued.)
If the INVESTOR wishes to withdraw funds from the Development Share Investment Account, the INVESTOR must repay the development share amount provided by the BROKERAGE HOUSE within 15 (fifteen) days.
The INVESTOR is obligated to notify the BROKERAGE HOUSE at least 2 (two) days before submitting a FUND WITHDRAWAL request. Otherwise, the BROKERAGE HOUSE cannot be held responsible for any resulting losses.
The INVESTOR accepts this information agreement by confirming the accuracy of the information below in accordance with the terms and conditions of this agreement.
Development Share Transactions - Frequently Asked Questions
What is a development share and how is it used?
The development share is a type of limit allocated to investors by INFO CAPITAL for the purchase of capital market instruments. This limit is assigned to the investor's account and can be used under certain conditions. INFO CAPITAL determines this limit based on the investor’s financial profile.
How can the development share limit be increased?
To increase the development share limit, you need to contact INFO CAPITAL. The limit may be increased based on the investor’s financial condition, credit history, and investment performance. Submission of the required documents is mandatory.
Which investment instruments can be purchased with the development share?
With the development share, you can purchase all capital market instruments offered by INFO CAPITAL (stocks, bonds, mutual funds, and other securities). For more information, please contact the investment advisors at INFO CAPITAL.