21 July 2020
Amendments to Client Agreement
1. Our Client Agreement has been amended. This notice contains a summary of the latest changes to the Client Agreement.
2. The definitions used in the explanations of the material amendments below are the same definitions used in the Client Agreement.
3. Material amendments made to the Client Agreement
3.1 Certain clarificatory amendments have been made to explain more clearly what happens when you are mistakenly provided with an incorrect price or quote in the Trading Platform provided to you by QuickTrade (Pty) Ltd. These amendments are set out in clause 12.9.3 of the Client Agreement and explain what a Manifest Error is, and what happens to your Transaction/(s) when a Manifest Error occurs. Clause 12.9.3 supplements the existing agreement between us at clause 12.9.2 which sets out the terms and conditions that apply when a quoting error occurs. We highlight that we are not liable to you for any loss, cost, claim, demand or expense you suffer (including indirect losses) resulting from a Manifest Error, including where we reverse your Transaction/(s) executed on the basis of a Manifest Error.
4.1. Having regard to the abovementioned changes, we wish to inform you that the new Client Agreement (“New Agreement”) will take effect 5 (five) Business Days after the date on which they are delivered to you and/or published on the Website (21/07/2020) (“effective date”) and that, after the effective date, our relationship and your Transactions will be governed by this New Agreement.
4.2. If you are not in agreement with the New Agreement, you may give us 5 (five) Business Days written notice to cancel the current Client Agreement and discontinue using our services by sending an email to firstname.lastname@example.org which notice must be received by us on or before the effective date. You must then close out your Transactions during the 5 (five) Business Day notice period and you will not be allowed to enter into any new Transaction during the notice period.
4.3. If you do not give notice to cancel the current Client Agreement and close your Account on or before the effective date, then you are deemed to have accepted the New Client Agreement and if you continue to enter into Transactions using the Trading Platform after the effective date you agree to be bound by the terms and conditions of the New Agreement.
If you have any queries please feel free to contact us on email@example.com or via the Chat Facility on https://www.quicktrade.co.za/