ROSTRUM INVESTMENT AND SECURITIES LIMITED (“hereinafter referred to as RISL”) is a Trading License holder of Nigerian Exchange Limited (NGX), participating institution of NASD PLC, registered with the Securities and Exchange Commission to carry on business as a Broker Dealer.
All securities investment risks the loss of capital. Many unforeseeable events, including actions by various government agencies and domestic and international political and economic events beyond reasonable control (e.g. war, riot, urban unrest, pandemic, terrorism), may cause sharp market and price fluctuations
Some of the listed securities may be traded in very low volumes. There is, therefore, the risk that investment may not be easily liquidated.
The potential for profit or loss from transaction in foreign currency denominated securities (traded locally or in other jurisdictions) will be affected by fluctuations in foreign exchange rates.
RISL, acting as a broker- dealer for the purchase sales and/or investment in securities, may, on certain occasions, not be able to execute the purchase or sale or to undertake any action relating to the securities in accordance with the client’s instructions. These occasions include, but not limited to a situation where the market conditions are not favorable, the order cannot be matched, limitations imposed by Regulators etc.
All regulatory fees, commissions, charges are as approved by the Regulatory Authorities. As a Client of RISL, I/we have obtained a clear explanation of all commissions, fees, interest and charges, and understand that these charges may affect my/our net profit (if any) or increase my/our loss (if any). I/went agree that I/we will be liable for these charges (as may be amended from time to time).
The procedure for settlement, clearing and registration of security transactions can give rise to technical and political problems. In other cases, Inefficient system may result in delayed delivery of securities.
Debt Securities and Debt-linked investments offer fixed return over a defined period and are intended to be held to maturity. These instruments carry a significant amount of risk such as credit currency and liquidity risks. Credit risk in debt securities arises from default events that may result in the inability of the issuer to pay interest or principal. Default risk in debt securities is high when credit rating is non-investment grade or non-rated. In a default situation, the investor may loss both interest and principal Currency risk in debt securities arise from holding debt securities that are issued in foreign currency, hence exposing the buyer to fluctuations in exchange rate. There is a high chance that if the currency moves adversely, the investor may lose more than his original interest and principal.
The risk of loss in financing a transaction by deposit of collateral may be significant. I/we may sustain losses in excess of my/our cash and any other assets deposited as collateral. I/went may be called upon at short notice to make additional margin deposit or interest payment is not made within the prescribed time, my/our collateral or positions may be liquidated at a loss without prior notification to me/us. I/we should therefore carefully consider whether such a financing arrangement with RISL is suitable in light of my/our financial position and investment objectives.
When I/we borrow securities from RISL, I/went will be required to deposit a required level of collateral, I/we may be called upon at short notice to place additional deposit deposits if the level of collateral inadequate in relation to the market value of borrowed securities. If the required deposit is not made within the prescribed time, the firm may buy-back the borrowed securities without prior notification to me/us. When I/we lend securities to RISL I/we temporarily lose legal ownership right to the securities but in place, has a right to claim equivalent securities and dividends.
My/our decision to invest in the securities is my/own independent decision. RISL is not acting as an advisor. In making a decision to invest, I/we have confirmed that I/we have carefully studied and considered all information relating to the status, business, financial constitution and operation of the company/entity using the securities, including the underlying assets of or other information relating to the securities in which I/we will invest, and other relevant factors relating to the investment such as political, economic, legal and regulatory conditions. As well as market conditions, demand, supply and price of the underlying goods of the securities. As a result, I/we bear all risk from the investment and
RISL has no fiduciary duty to me/us and is not responsible for any liabilities, claims, damages, losses, costs and expenses arising from such investment.
RISL is subject to the various laws and /or regulations of the competent relevant regulatory authorities. Any Legislative or Regulatory changes may impact the functions of the Broker/dealer. All transactions performed by RISL will be executed in accordance with all relevant Rules and Regulation and RISL’s Core Values
I/we hereby confirm that I/we have we read and agree to be bound by the above terms and conditions, risk disclosure and data privacy.
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