What is option trading privileges

What is option trading privileges

Author: katalogwildkidsru Date: 25.05.2017

The following Business Exchange Trading Rules and Regulations form part of the contract between you and Business Exchange and are incorporated by reference in the Membership Application, which you have signed with us. Participation in the Business Exchange System benefits members as both sellers and purchasers.

The Business Exchange System brings members new business they would not have otherwise received if not for their membership in the Business Exchange System.

Likewise, members are able to make purchases using credit against their inventory of goods and services, thereby conserving cash for other expenses.

It is mandatory that you always identify yourself as a Business Exchange Network member when using Business Exchange Trade Credits to make a purchase in the Business Exchange Network.

Some sellers handle trade transactions differently from cash transactions i. Remember that the Business Exchange Network works best for all when members treat each other, as they would like to be treated. Business Exchange is a third party record keeper of barter transactions by and between its members and is recognized by the U. Business Exchange System members are businesses, business owners and professionals who contract with us to organize and facilitate barter of their products and services with each other.

You understand that you have the exclusive responsibility of initiating and using our services and the Business Exchange System in general, in order to derive economic benefit. The responsibility for the conduct of a trade is exclusively that of the participating members, the buyer and the seller.

However, you acknowledge that the sole principals in any trade are the buying and selling members involved, that barter transactions trades are entered into voluntarily, and that we are not the agent of any member, nor are we the guarantor of any transaction or trade credit.

A trade credit is equivalent to a cash dollar for accounting purposes. Ownership of trade credits denotes the right to receive products or services available from other members of the Business Exchange System. Business Exchange trade credits may be used only in the manner and for the purpose set forth in these Business Exchange Trading Rules and Regulations.

Business Exchange trade credits are not legal tender, securities, or commodities. They may not be redeemed for cash. We disclaim responsibility for the negotiability of trade credits or for the availability of any particular product or service from any source. Business Exchange trade credits are the liabilities of clients who owe the Business Exchange System.

what is option trading privileges

We are solely liable for our own trade credit indebtedness. You authorize us to establish and maintain a bad debt reserve fund to be administered by appropriate rules; e. The administration of all bad debt reserve funds shall be determined and governed by us. You understand and acknowledge that the exercise of the power shall be at the sole discretion of our management with regard to principal, interest, terms and conditions, lending policy, and other particulars.

Members desiring to apply for a loan may be required to submit a loan application, financial statement, credit agreement, promissory note, personal guarantee, prepayment of cash transaction fees, and equivalent collateral prior to approval. Business Exchange is under no obligation to extend credit at any time. We will use our best efforts to ensure timely repayment of principal and interest, appropriate collateralization, and perfection of security interest in all loans.

You acknowledge that such conversions are designed to improve member growth while providing a mechanism to increase the available trade credits in circulation in order to benefit the clients of the Business Exchange System at large and that conversion loans are generally made, predicated on a payback analysis only and not on specific collateralizations. You acknowledge that, in consideration of the loan management services we provide, which will result in benefits to members e.

If the cumulative total of your sales and any other credits is greater than your purchases and any other trade credit charges, you will have a positive balance; conversely, if your purchases and any other trade credit charges exceed sales and any other credits, you will have a negative balance. If you have a negative balance, you cannot refuse trade sales. You agree not to make any purchases or incur charges that would cause the balance of your account to exceed your credit line.

Your obligation to repay a loan or negative balance is not relieved in any way by any conditions that result in a lack of trade sales. We do not have the duty or responsibility to generate trade sales for you to enable you to repay a loan or negative balance. The obligation to repay and maintain an even or positive account balance is solely yours. Business Exchange shall use its best efforts to solicit new businesses having products or services to satisfy the needs of all members.

Business Exchange is not responsible if you cannot find specific products or services to buy from other members or other members interested in buying products or services from you. All fees and charges, including initial registration fees, cash transaction fees, and other charges by us are in payment for services rendered in processing you into the Business Exchange System, operating the clearinghouse and brokerage functions, administering these Rules, establishing and maintaining records, and facilitating your use of the Business Exchange System.

Fees are intended to treat all members as fairly as possible. Certain fees may be waived or adjusted for certain businesses or classes of businesses that can demonstrate special circumstances but whom we feel will benefit the rest of the membership in general. Automatic credit card payments will be processed on the 16th day of each month. Additionally, if you do not pay the cash fees due within Forty Five 45 days from the monthly statement date, you agree to waive all rights to usage of any positive trade credit balance in your account sand grant us the right to freeze such balance so long as cash fees remain outstanding.

This fee is charged on each transaction and shall be based on the full amount of the transaction. You agree to pay us the full amount of cash fees due within Thirty 30 days of the monthly statement date. The accounting fee will be waived for the first Ninety 90 days after activation of your account or until your first trade sale which ever occurs first.

You authorize the Business Exchange Trade monthly accounting fee to be deducted from your account. You agree to pay us the full amount of cash monthly accounting fee due within Thirty 30 days of the monthly statement date. Credit Line Interest — You agree to pay monthly interest on your credit line as determined by Business Exchange. Your creditworthiness, collateral, trade volume and fee payment history, as determined by Business Exchange may determine modifications to this rate.

Interest on Overdraft Negative Balance — You agree to pay monthly interest on your overdraft negative balance. The rate of interest on your overdraft negative balance is 1. You authorize the interest on overdraft balances to be deducted from your account. Cash payments received will be applied first to late collection fees, if any, then to the monthly accounting fee, then to the monthly transaction fee.

You may want to revoke the use of an additional Card s or sub-account s. In this case use the notification procedure described in Section 13 above.

After we are notified, you will not be responsible for purchases made with these Card s where a seller would be required to receive an authorization code.

You will be responsible for any purchases not requiring sellers to receive an authorization code until the last day of the month you notified us of your revocation of the Card s. We will issue trade credits in connection with trade drafts accepted by you according to the following procedure:.

You must present a legibly printed properly completed, signed and dated trade draft. The trade draft must evidence a valid, binding and forcible obligation on the part of an authorized user of a valid, unexpired Card for the amount stated on trade draft. You must receive an authorization code in required situations.

You must deliver to us a copy of the trade draft within Fourteen 14 days of each sale. We are not obligated to honor trade drafts received Fourteen 14 days after the date of the sale.

Rules and Regulations | Business Exchange ®

We have the right to reverse a transaction due to noncompliance with these Rules, in which event it shall be your responsibility to collect from the buyer. All transactions are subject to final audit and verification by us and, in case of inaccuracies, we may debit or credit your account, without notice, as a result of such error.

Before you accept a Card or trade draft in making a trade sale, you will need to obtain an authorization code from the authorization center if:. The trade credit amount of a transaction made in one department by any one sales person in any one day, through the use of the same card, shall constitute a single transaction to which the floor limit applies; or The buyer is making the purchase by mail or telephone; or The Card presented has expired; or The Client Identification Number or name on that Card is listed on the Account Warning List Suspended Traders List or other current warning notice, or You believe that the card may be counterfeit or stolen, or that such transaction is in some manner suspicious.

If a trade draft with an authorization code is not received by us in Ten 10 days from the date the authorization code was issued, the authorization code will expire and the trade draft will be considered to have never received an authorization code.

If you do not obtain an authorization code in any of the circumstances described above, we can reject the trade draft or if we accept it, it will be on a full recourse basis. The following procedures apply to transactions involving special orders, construction jobs, service work, or long-term leases and other work-in-progress transactions. Buyer should obtain a written estimate BEFORE authorizing work to begin.

BEFORE STARTING WORK, if appropriate, Seller should obtain a deposit or down payment in trade credits in the same manner as a cash transaction. This is how to buy stocks on the tsx venture exchange with a trade draft and authorization code.

Seller agrees to pay transaction fees on the full amount all sales generated through the Business Exchange Exchange System, including any cash or part-cash sales. Mail or Telephone Sales, No Business Exchange Card; Discretionary Sales.

Sales to persons without Cards, expired Cards, or to someone using the Card of another or by mail or telephone as provided in these Business Exchange Trading Rules and Regulations are at your sole risk. An authorization code must be obtained for all such sales, but sellers are solely responsible for satisfying themselves that buyer is in fact the person the Card was issued to or that buyer has authority to use the Card of another.

We will not accept liability surrounding such sales if a dispute arises. You will establish a fair policy for the exchange and return or allow price adjustments for merchandise or services deemed unsatisfactory. You are required to mail a trade credit draft to us within Three 3 business days.

What is option trading privileges have the right to debit your account for the amount of refund due the buyer and any interest adjustments that are appropriate because of reversing or adjusting the amount of a transaction that you previously received credit for. You will receive a credit to your account for the amount of a returned purchase.

The trade credit draft for this credit should be filled out and signed by the seller, who should give a copy to you. We will issue monthly statements to you reflecting account activity and charges due and owing to us. Interim account activity summaries may be requested at any time at no charge.

Notify us in Case of Errors or Questions about Your Statement. If you think your statement is wrong, explain why you think your statement is wrong in writing and send it to us at the postal address, fax number or e-mail address listed on your statement.

Write to us as soon as possible. We must hear from you no later than Thirty 30 xe currency exchange usd to gbp after we sent you the first statement on which the error or problem appeared.

You can telephone us, but doing so will not preserve your rights. In your letter, give the following information:. The name of the account and your Account Number. The entry date, reference number and transaction amount as printed on your statement. Describe the error and explain, if you can, why you believe there is an error. After we receive your written notice, we will suspend collection of any cash fees associated with a transaction you question, or report you as delinquent.

We can continue to bill you for the amount you question, including finance charges. You do not have to pay any cash fees questioned while we are investigating, but make money towing boats are still obliged to pay your cash fees that are not questioned.

If you do not notify us in writing as provided for above within Thirty 30 days after you receive the statement with the imperial squad money maker mp3 charge we will assume the statement is accurate as printed. Trade transactions between members are entered into on a voluntary basis and although we may give referrals, act in our brokerage function and record trades; any disputes are only between the buyer and the seller and shall be settled by the parties themselves.

We make no representation or td ameritrade stock options either express or implied, and disclaim all liability as to the fitness, quality, delivery date, merchantability, prices or any term of any trade transaction.

You do hereby indemnify and hold us harmless with respect to any claim, debt, damages, cost or liability whatsoever, arising out of any transaction where you are a buyer or seller. We have the right, but not the obligation, to inquire into complaints of Business Exchange Trading Rules and Regulations violations by a member. You grant to us the right to take the actions, which, in our sole discretion, are deemed necessary to ensure fair dealings.

No failure by us or any other person to give any notice or obtain consent from you, and no extensions of time given to, or other arrangements made with, the person who signed any trade draft presented to us by you shall limit or impair any right or remedy we have in the Business Exchange Trading Rules and Regulations and Membership Application. We will compute the Late Fees, Credit Line Interest, Overdraft Balance Interest and Negative Trade Balance Interest on your account s subject to the respective charge.

Rates will be determined by us in our sole discretion and published from time to time. You will be notified on your monthly statement of any change in the interest rate Thirty 30 days, or one monthly billing cycle prior to the effective change date. You agree that we will debit your account for the respective charge computed in the manner described above. Business Exchange reserves the right, but are not obligated, to inquire into the complaints of overpricing by a client.

You shall abide by applicable Federal, State or Local laws or regulations appropriate to any barter transaction, and we shall not be responsible for any failure on your part to comply. You agree not to hold us liable for any action we take to comply with applicable laws or regulations.

Seller shall charge the appropriate sales, use and excise taxes and collect and record these on the trade draft at the time of the sale. Under no circumstances will we be responsible to pay any sales, excise, use or other such tax on behalf of any client.

You are advised that transactions involving trade credits are generally treated as taxable events for Federal, State, and Local tax purposes.

Refer to IRS Publication You are solely responsible for recipe cashew cheese sauce declaration and reporting of all applicable Local, State and Federal taxes resulting from trade transaction. Further that we are required by Federal law to obtain your correct taxpayer identification number and legal name. Failure or refusal by member to provide such information will result in our not accepting your application wealth dragons forex trading the termination of your account at our sole discretion.

Cost of stock market bubble fine or other financial sanction shall be charged on your next monthly billing statement. You agree not to hold us liable for any action we take to comply with Federal, State, or Local tax laws. You warrant and represent that all information is true and correct and that you will promptly notify us of any and all changes that may occur from time to time regarding this information.

Suspension of Trading Privileges by Business Exchange. In the latter case, your trading privileges will be reinstated upon payment being applied to your account. Cash fees elbas trading system after 3: Member gives written notice to Business Exchange; Member is broker forex mlm on Suspended Trading List.

The unenforceability of any provision of the Business Exchange Trading Rules and Regulations shall not affect the enforceability or validity of any other provision of the Business Exchange Trading Rules and Binary options indicator that works. Immediately upon termination, all cash and trade credit fees and charges outstanding become due and payable.

If you have a negative trade balance i. The amount of cash transaction fee that would be due on spending your account down to zero plus all other cash fees, are due in advance.

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If all cash fees due on account are not paid within Ninety 90 days of termination date then you will forfeit all rights to your how to learn in binary options trade credit balance.

All your obligations under these Business Exchange Trading Rules and Regulations, such as, but not limited to, any trade draft or trade credit draft presented or signed by you shall survive any such termination.

We shall require cash payment in U. Currency for your negative balance in the amount specified in the following situations:. The total balance, if you do not auto how to profit from binary option review any valid sales credits to your account for Six 6 consecutive months. The total balance, if your account is terminated and the Thirty 30 day time period expires.

The amount of your balance, if you cease business operations. All cash payments to pay off a negative balance will be credited by the unit of measurement of One 1 United States dollar to One 1 trade credit dollar.

Disputes between members and Business Exchange shall be submitted to binding arbitration to resolve disputes without resorting to the judicial system.

The venue for such mediation shall be the Greater Tulsa Area. Business Exchange and the member shall split the costs of the arbitrator equally. In the event that a final determination by the arbitrator is entered on your behalf against Business Exchange. Unless otherwise stipulated in writing, you authorize us to notify and advertise to other members the availability of your products or services.

The buying client shall pay all tips or gratuities in cash at point of forex pano ne demek. Failure by member to tip restaurant wait staff without just cause may result in suspension of degrees for stock brokers trading privileges.

You authorize us to make whatever credit investigation is deemed highest yielding safe stocks to buy and to exchange any information received in the course of such investigation.

You agree to sign any credit information authorizations as may be required by credit reporting agencies.

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We may request reports from credit reporting agencies. If you ask us whether a credit report was requested, you will be informed, and if we have received a credit report, you may request the name and address of the agency that supplied the report. On all products owned and sold by us, the sole and exclusive warranty made by us, as Seller is forex obchodnik.sk we have good and merchantable title to such products, free and forex magnates summit 2012 from any lien or encumbrance.

We make no warranty either express or implied, by operation of law otherwise as to the merchantability or fitness for a particular purpose of such products or services, and you shall look solely to the manufacturer, distributor or retailer of such ag-forextrade for any warranty.

We will assign to purchasing member whatever rights of warranty against the manufacturer, distributor or retailer of the product that we have, if any. If you become insolvent or bankrupt, all cash fees shall be due and payable in full. Upon filing of Petition under Chapters 7, 11 or 13 or the Bankruptcy Code, or an Assignment for the Benefit of Creditors, no trade shall be allowed until all cash fees due us have been paid in full.

If the Petition under Chapter 7 or the Bankruptcy Code is filed by or against yourself, or if the plan filed pursuant to either Chapters 11 or 13 does not provide the full payment of all cash fees due us, we shall have the option in lieu of filing as creditor, of treating the trade credit balance equal in value to the amount of cash fees owing, and terminating the account; provided however, that if we do receive all of our cash fees in full, we shall re-credit the trade credit to your account.

We are only responsible for commitments and representations made in writing by a duly authorized officer of Business Exchange, Inc.

Our failure or delay in exercising any right shall not operate as a waiver; any single or partial exercise of a right shall not preclude any other or further exercise of any right.

Our remedies are cumulative and are not exclusive of any remedies provided by law. We warrant that we will not engage in preferential treatment of Business Exchange employees, their families and associates, or any other person, in discharging our managerial responsibilities.

You acknowledge that regulation of purchases, control of credit extension, and allocation of goods or services in short supply are inherent in our managerial responsibilities. Decision surrounding the same shall be exercised at our sole discretion, and do not constitute a breach of this preferential treatment provision of the Business Exchange Rules and Regulations.

If the Business Exchange System terminates or otherwise ceases to do business, all members shall pay all cash and trade charges and fees and all members in a negative trade credit position will pay an amount equal to their negative trade balance in cash and all fees and charges then due in cash one trade dollar credit being equal to one dollar in cash U.

Currency into a fund set up and administered by the liquidators of the Business Exchange System. The fund less expenses, will be distributed pro-rata to all members who are in a positive trade credit position. The section captions in these Business Exchange Trading Rules and Regulations are for convenience only and shall not affect the interpretation or meaning of any term or provision hereof.

Modifications to the Business Exchange Trading Rules and Regulations. Notices are deemed delivered if mailed to member with the Business Exchange monthly statement.

Becoming a Business Exchange member is fast and easy qualified applicants may sign up by contacting their nearest Area Director or by clicking on the Membership Section of this website for further details. Business Exchange is located at: Box Tulsa, Oklahoma Office: Home Rules and Regulations Testimonials Classifieds Browse Categories Browse Ads Place Ad Edit Ad Show Ad Reply To Ad Search Ads Member Specials Products Services News Contact Us About.

Nature of the Parties 2. Brokerage and Record Keeper Function 3. Liability for Trade Credits 5. Regulation of Trade Credits; Bad Debt Reserves 6.

Trade Credit Loans 7. Positive Balance — Negative Balance 8. Availability of Products, Services, Customers Payment of Fees Revoking Additional Cards Receiving Credit for Trade Sales 14 Authorization Code Special Trade Procedure Commissions on Cash Business Mail or Telephone Sales, No Business Exchange Card; Discretionary Sales Returns and Refunds as a Seller Returns and Refunds as a Buyer Monthly Statement — Copies, Charges Notify us in Case of Errors or Questions about Your Statement Disputes; Disclaimer of Warranty and Liability Violation of Trading Rules Rejected Trade Drafts Computing the Finance Charge Laws and Regulations Suspension of Trading Privileges Voluntary Suspension of Trading by Member Cash Payment for Negative Account Balance Assignment of Account Tips and Gratuities Authorization of Credit Investigation Products Sold by Business Exchange Travel — Booking Fees, Cancellation Fees Additional Security Interest; Insolvency Commitments and Representations No Waiver of Right Nature of the Parties Business Exchange is a third party record keeper of barter transactions by and between its members and is recognized by the U.

Regulation of Trade Credits; Bad Debt Reserves You authorize us to establish and maintain a bad debt reserve fund to be administered by appropriate rules; e. Positive Balance — Negative Balance If the cumulative total of your sales and any other credits is greater than your purchases and any other trade credit charges, you will have a positive balance; conversely, if your purchases and any other trade credit charges exceed sales and any other credits, you will have a negative balance.

Availability of Products, Services, Customers Business Exchange shall use its best efforts to solicit new businesses having products or services to satisfy the needs of all members. Payment of Fees All fees and charges, including initial registration fees, cash transaction fees, and other charges by us are in payment for services rendered in processing you into the Business Exchange System, operating the clearinghouse and brokerage functions, administering these Rules, establishing and maintaining records, and facilitating your use of the Business Exchange System.

Revoking Additional Cards and Sub-Accounts You may want to revoke the use of an additional Card s or sub-account s. Receiving Credit for Trade Sales We will issue trade credits in connection with trade drafts accepted by you according to the following procedure: Authorization Code Before you accept a Card or trade draft in making a trade sale, you will need to obtain an authorization code from the authorization center if: Special Trade Procedure The following procedures apply to transactions involving special orders, construction jobs, service work, or long-term leases and other work-in-progress transactions.

Commissions on Cash Business Seller agrees to pay transaction fees on the full amount all sales generated through the Business Exchange Exchange System, including any cash or part-cash sales. Returns and Refunds as a Seller You will establish a fair policy for the exchange and return or allow price adjustments for merchandise or services deemed unsatisfactory. Returns and Refunds as a Buyer You will receive a credit to your account for the amount of a returned purchase.

Monthly Statement — Copies, Charges We will issue monthly statements to you reflecting account activity and charges due and owing to us. Notify us in Case of Errors or Questions about Your Statement If you think your statement is wrong, explain why you think your statement is wrong in writing and send it to us at the postal address, fax number or e-mail address listed on your statement.

In your letter, give the following information: Disputes; Disclaimer of Warranty and Liability Trade transactions between members are entered into on a voluntary basis and although we may give referrals, act in our brokerage function and record trades; any disputes are only between the buyer and the seller and shall be settled by the parties themselves.

Violation of Trading Rules We have the right, but not the obligation, to inquire into complaints of Business Exchange Trading Rules and Regulations violations by a member. Computing the Finance Charge We will compute the Late Fees, Credit Line Interest, Overdraft Balance Interest and Negative Trade Balance Interest on your account s subject to the respective charge.

Laws and Regulations You shall abide by applicable Federal, State or Local laws or regulations appropriate to any barter transaction, and we shall not be responsible for any failure on your part to comply. Taxes Seller shall charge the appropriate sales, use and excise taxes and collect and record these on the trade draft at the time of the sale. Severability The unenforceability of any provision of the Business Exchange Trading Rules and Regulations shall not affect the enforceability or validity of any other provision of the Business Exchange Trading Rules and Regulations.

Cash Payment for Negative Account Balance We shall require cash payment in U. Currency for your negative balance in the amount specified in the following situations: Assignment of Account Your account is not assignable or transferable without our express prior written consent.

Advertising Unless otherwise stipulated in writing, you authorize us to notify and advertise to other members the availability of your products or services.

Tips and Gratuities The buying client shall pay all tips or gratuities in cash at point of purchase. Authorization of Credit Investigation You authorize us to make whatever credit investigation is deemed appropriate and to exchange any information received in the course of such investigation.

Products Sold by Business Exchange On all products owned and sold by us, the sole and exclusive warranty made by us, as Seller is that we have good and merchantable title to such products, free and clear from any lien or encumbrance.

Commitments and Representations We are only responsible for commitments and representations made in writing by a duly authorized officer of Business Exchange, Inc. No Waiver of Right Our failure or delay in exercising any right shall not operate as a waiver; any single or partial exercise of a right shall not preclude any other or further exercise of any right.

Preferential Treatment We warrant that we will not engage in preferential treatment of Business Exchange employees, their families and associates, or any other person, in discharging our managerial responsibilities. Dissolution If the Business Exchange System terminates or otherwise ceases to do business, all members shall pay all cash and trade charges and fees and all members in a negative trade credit position will pay an amount equal to their negative trade balance in cash and all fees and charges then due in cash one trade dollar credit being equal to one dollar in cash U.

Captions The section captions in these Business Exchange Trading Rules and Regulations are for convenience only and shall not affect the interpretation or meaning of any term or provision hereof. Home About News Sitemap Contact Business Exchange is located at: Modifications To Business Exchange Trading Rules and Regulations.

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