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F. ETD Services Agreement

1.
In addition to all requirements in Part III of the Market Conduct Rulebook, the ETD Services Agreement must include the following information—
 
a.the client's classification as a Retail Investor, Qualified Investor or Institutional Investor;
b.disclosures and product descriptions appropriate for the knowledge, experience and client classification;
c.all terms and conditions for the ETDs and ETD Services provided by the VASP; 
d.how ETD trades are recorded and confirmed with the client;
e.the leverage limits that apply to the different types of ETDs;
f.a description of the VASP's close-out, liquidation and/or loss mutualisation policies and procedures including all rights the VASP has to take ownership or otherwise direct the use of the client's assets, and the circumstances in which such rights may be exercised;
g.the terms of the Insurance Fund (including the way the Insurance Fund is funded) and any other risk management mechanism and/or tool;
h.
an explanation of the ETD Services and the risks the client may be exposed to when accessing or using the ETD Services, including but not limited to—
 
i.that the client may lose all or part of the ETD Margin deposited in the ETD Trading Account; 
ii.whether there is the potential that the client may experience a negative equity balance in the client's ETD Trading Account, and all consequences as a result of such negative equity balance;
iii.whether the VASP will require the client to post ETD Maintenance Margin to the ETD Trading Account if the ETD Margin falls below the prescribed levels, or if the VASP increases the ETD Margin requirement, including the amount of prior notice the VASP will give the client in order for the client to meet such requirements; 
iv.when and how the VASP will require the client to post additional ETD Margin to the ETD Trading Account; 
v.the right of the VASP to close out or liquidate the client's ETD positions if the ETD Margin falls below the prescribed level in the ETD Services Agreement; 
vi.when and how the VASP may close out or liquidate the client's ETD positions with the assets in the ETD Trading Account; and
vii.when and how the VASP may close out or liquidate the client's ETD positions with the assets in any other account held by the client with the VASP.
 
i.explicit consent from the client that they understand, acknowledge and accept each of the risks listed in Rule ‎V.F.1.h of this Exchange Services Rulebook; 
j.the applicable levels and form of ETD Margin and the circumstances in which the ETD Margin requirements can be amended or changed by the VASP, including the amount of prior notice the VASP will give the client in order for the client to meet such requirements;
k.a breakdown of the commissions, charges and fees charged by the VASP relating to ETD Services and when they are payable; and
l.a clear description of how the VASP will respond to any trading halt, suspension, delisting, or other market disruption event relating to Underlying Assets.
 
2.
VARA may require any additional information to be included in, or amendments to made to, ETD Services Agreements, as it deems appropriate from time to time.