Safex Contract

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Before trading in the regulated JSE/Safex Futures markets, there are procedures laid down by the JSE and the FSB (Financial Services Board) that must be followed.

The following information is required of you and must accompany your application:

Depending on your category as a client the following is needed:

1. Natural Person:

• Copy of ID document
• Tax or VAT number
• Banking details
• Proof of residence (recent electricity bill or phone account)
• Name and ID number of any person acting on behalf of the client.

2. Company

• Copy of company registration documents or formal letter head reflectingtrade name and business address
• List of people authorised to trade on behalf of the company
• List of people authorised to sign on behalf of the company
• Full names, date of birth, residential address (and proof thereof), ID number (and copy thereof) of the manager and each natural person authorised to establish a business relationship or enter into a transaction on behalf of the company.
• Tax or VAT number

3. Trust account:

• Verification of the full names dates of birth and ID numbers (and copies thereof) of each trustee, each person authorised to establish a business relationship on behalf of the trust, each beneficiary and the founders.
• Verification of the registered name, registration number, registered address, trade name and business address of legal entities associated with the trust, namely: each trustee, each beneficiary and the founders.

In addition to providing the above information you will be required to sign the registration document which outlines the fact that you are bound by the rules and regulations of the Exchange and have an understanding of the risks associated with trading in derivatives markets.