Terms and Conditions for dealing in Corporate Bonds and other products i.e. Market Linked Debentures, StructuredProducts etc. between Counterparty and PhillipCapital (India) Pvt Ltd (hereinafter referred to as "PCIPL")

1. The instructions with regard to the transactions may be given through registered email ID or telephone or any other mode as permitted by PCIPL.
2. The counterparty has agreed to deal / trade in corporate bonds and other products i.e. Market linked Debentures, Structured Products etc at counterparty's own free will and consent and PCIPL and / or its employees have not induced the counterparty to deal/trade in corporate bonds and other products in any manner whatsoever.
3. The instructions with regard to the transactions issued by an authorised representative / agent, if any, of the counterparty shall be binding upon the counterparty. The counterparty will be principally liable for the actions of the authorised representative / agent. Details of such authorised representative / agent are given as under: Name :_______________________________________PAN ___________________
4. The counterparty shall not hold PCIPL liable on account of PCIPL acting in good faith on instructions given by the counterparty or its authorized representative.
5. The counterparty agrees that orders, instructions and other communications given or made over the telephone may be routed through PCIPL's interactive Voice Response Channel or other telephone System and may be recorded by PCIPL. The Counterparty also agrees that such recording and PCIPL records of any orders, instructions and communications given or made by the Counterparty or PCIPL by electronic mail, fax or other electronic means shall be admissible as evidence and shall be final and binding upon the Counterparty as evidence of the same.
6. PCIPL shall endeavor to execute the orders of the counterparty on a best effort basis in terms of price and time and shall not be and cannot be held liable in this regard in whatsoever manner. Trading / Investment decision is the sole responsibility of the counterparty. The counterparty understands and agrees that past performance is not necessarily a guide to future performance.
7. PCIPL may at its discretion not carry out the counterparty's instruction where PCIPL has reasons to believe (which discretion of PCIPL the counterparty shall not question or dispute) that the instructions are not genuine or are otherwise improper / unclear / raise a doubt. PCIPL shall not be liable if any instructions are not carried / partly carried out for any reason, whatsoever.
8. The counterparty understands and agrees to the various risks including but not limited to market risk, default risk, counterparty risk, credit risk, interest rate risks, reinvestment risk etc. associated with trading in corporate bonds, market linked debentures, perpetual bonds and other products. The counterparty should carefully consider whether trading / investment is appropriate for the counterparty in light of counterparty's experience, objectives, financial resources and other relevant circumstances and after reading and understanding the Offer Document/RHP/Term Sheet etc. PCIPL and any of its employees, directors, associates and/or employees, directors, associates of PhillipCapital's group entities or affiliates shall not be liable for losses, if any, incurred by the counterparty.
9. The counterparty is advised to seek independent third party advice outside PhillipCapital group / associates / affiliates / directors / employees before and during counterparty's trading / investment.
10. The counterparty further understands that there is no guarantee/assurance as to returns or profits or capital protection or appreciation. Risk of loss in trading / investment can be substantial including loss of principal.
11. The counterparty shall indemnify PCIPL and keep PCIPL indemnified and save harmless, at all times from and against any and all claims, losses, damages, costs, liabilities and expenses incurred, suffered or paid by PCIPL or required to be incurred, suffered or paid by PCIPL and also against all demands, actions, suits, proceedings made, filed instituted against PCIPL, in connection with or PCIPL acting pursuant to, in accordance with or relying upon, any fax submission and/or email instructions or any unauthorised or fraudulent or partial Fax Submission and/or email instructions to PCIPL or non receipt of fax and/or email instructions.
12. The counterparty confirms that the title of the securities/debentures/bonds is clear and free from any encumbrance(s).
13. The counterparty agrees to abide by the circulars issued by the Exchanges / SEBI from time to time.
14. The counterparty and PCIPL agree that they shall keep the information received during the course of the trading confidential. However, information may be disclosed in case it is required by law or by any regulatory / statutory authority.
15. The deal confirmation and its contents once sent through fax, email or physical mode etc. by PCIPL will be final and binding upon the counterparty.
16. These terms and conditions are subject to the Rules, Bye-laws and Regulations of the Exchanges/SEBI that may be in force from time to time. These terms and conditions are subject to the jurisdiction of Courts in Mumbai.
17. The relationship between the counterparty and PCIPL is one of principal to principal basis and does not create and shall not be deemed to create any relationship of principal and agent or, master and servant or, employer and employee etc

             

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