About You

Step 1 of 3

1. Personal Information

FULL NAME (as per Identity Document)

IC/Passport number

Includes all Brunei identity card(s) issued to RBAF, RBPF and diplomats.

Gender

Date of Birth

You need to be 21 years or older to be eligible.

Marital Status

Nationality

Country of birth

Country of Residence

2. Contact Details

RESIDENTIAL Status



brunei RESIDENTIAL ADDRESS

P.O. box number not permitted

brunei Post Code

Correspondence Address

Post Code

Mobile Phone Number

+673
This will be the mobile phone to receive your one-time password (OTP) and other account-related communications from Baiduri Capital Sendirian Berhad.

Email Address

This will be the email address to receive your one-time password (OTP) and other account-related communications from Baiduri Capital Sendirian Berhad.

3. Tax Residence Declaration

Are you a U.S. Person?

U.S. Person is defined as a U.S. citizen, US Permanent Resident (Green Card holder) or Resident in the US for 183 days or more in a calendar year.


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We are ready to submit your Securities Trading Account
About You
1. Personal information
Fullname (as per identity document)
[fullname]
IC/Passport number
[ic-number]
Gender
[gender]
date of birth
[dob]
Marital Status
[marital-status]
Nationality
[nationality]
Country of birth
[country-birth]
Country of Residence
[country-residence]
2. contact details
RESIDENTIAL Status
[residential-status]


RESIDENTIAL ADDRESS
[residential-address]

Post Code

[residential-postcode]
Correspondence Address
[correspondence-address]

Post Code

[correspondence-postcode]
Mobile Phone Number
[mobile-number]

Email Address

[email]
3. Tax Residence Declaration
Are you a U.S. Person?
[us-person]


Please review your information above before proceeding.
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We are ready to submit your Securities Trading Account
Customer Acknowledgement and Agreement
I confirm that I have received, read, and understood:

  1. the terms and conditions spelt out (and which may be varied or amended from time to time ) in the CONDITIONS GOVERNING BAIDURI CAPITAL SECURITIES TRADING ACCOUNTS (“Conditions”), all of which shall be read with, referred to and construed as part of the agreement between Baiduri Capital Sdn Bhd (“Baiduri Capital”) and myself in respect of the securities trading account (the “Agreement”) and I agreed to be bound by the terms and conditions of the Agreement;
  2. the RISK DISCLOSURE STATEMENT hereof which highlights the risks associated with trading and lending of securities;
  3. the CLIENT PROFILE questionnaire which should be completed and returned to Baiduri Capital.

In consideration of Baiduri Capital accepting my application for and providing/maintaining for me a securities trading account (“Securities Trading Account”), I hereby agree to be bound by the terms of the Agreement currently in effect and as amended from time to time. I agree to be bound by all prevailing rules, regulations, guidelines, customs, and directives of the Singapore Exchange Securities Trading Ltd (“SGX-ST”), the Brunei Darussalam Central Bank ("BDCB") and any other regulatory body governing transactions in securities quoted on the SGX and other stock exchanges.

I hereby represent, warrant, and undertake to Baiduri Capital that all my particulars given and to be given from time to time to Baiduri Capital are true, accurate and complete and I have not withheld any information. I am (a) applying for the Account(s) on my own judgement and did not rely on any representations, views, or information from Baiduri Capital employees or its trading representatives; (b) over 21 years old; (c) not insolvent in Brunei Darussalam and other countries; and(d) confirming that all monies which will be paid to Baiduri Capital originates from a legitimate source.

Consent To Custody and On Lending of Customer’s Securities

Where my securities are custodised with or otherwise within the possession or control of Baiduri Capital, I hereby acknowledge, consent to, and accept:


  1. With respect to the custody of my securities, the terms for the provision of custody services to be provided by Baiduri Capital, as set out in Part B of Section 4 of the Conditions. I give my prior consent to Baiduri Capital’s use and appointment of a person outside of Brunei to provide custody services.
  2. Each of the set of terms for the on-lending of my/our securities as is set out in Baiduri Capital’s Securities Trading Account and in particular at clause 13 of Section 4, Part B of the Conditions.

By signing on this application, I also acknowledge and confirm that I have read and understood the terms of this consent and confirmation; and also that the risks involved in granting the consent and confirmation (as set out in the RISK DISCLOSURE STATEMENT) had first been explained to me; and my consent that Baiduri Capital’s right to lend or on lend my securities include also the right on identical terms to arrange for a custodian to effect such lending or on lending for the benefit of Baiduri Capital as if Baiduri Capital had effected such lending or on lending.

Where there are moneys denominated in a foreign currency held in trust for my Account, I hereby confirm my consent to Baiduri Capital having the right and discretion where it deems appropriate to deposit such moneys in a trust account maintained outside Brunei Darussalam with a bank licensed, registered or authorised in that jurisdiction.

Consent to Receive Marketing Services

By signing on this application, I acknowledge and confirm that I would like to be kept informed of any marketing, advertising and/or promotion on products and services provided or offered by Baiduri Capital, Baiduri Bank Sdn Bhd and Baiduri Finance Berhad and its associates and/or subsidiary companies (collectively known as “Baiduri Bank Group”)

Pursuant to the above, I hereby irrevocably authorise, agree and consent to allow Baiduri Capital and Baiduri Bank Group to: -

  1. collect, use, disclose, release, share and/or process any of my personal data collected, stored, maintained or held by Baiduri Capital or Baiduri Bank Group from time to time (including but not limited to my name, identification number(s), telephone number(s), email address(es) and residential address(es)) for the purpose of providing or updating me/us with marketing, advertising and promotional information and materials relating to any products and services provided or offered by Baiduri Capital or Baiduri Bank Group from time to time; and
  2. contact and inform me/us for any marketing, advertising and promotional information and materials relating to its products and services via postal mails, e-mails, phone calls or any mode of communications.

Interest Waiver/Substitution

I acknowledge that as a general rule, my funds in the possession or control of Baiduri Capital, being funds not immediately or within twenty-four (24) hours required to be applied towards discharged of my payment obligations, will (subject to the authorisation on investment management of the same as set out in Section 1, Part B of the Conditions) be held commingled with funds of other customers of Baiduri Capital where applicable in a trust account. By applying to open an account with Baiduri Capital, I acknowledge and accept the terms of interest waiver/substitution as set out in clause 4 Part A of the Conditions and agree to waive and relinquish in favour of Baiduri Capital all entitlement to interest accruing to my share of funds in such trust account.

risk disclosure statement

This statement does not disclose all the risks and other significant aspects of trading in securities. Considering the risks, the securities trading accountholder (“the Customer”) should undertake such transactions only if he/she understands the nature of securities, including derivatives, and the contracts (and contractual relationship) which the Customer are entering into the extent of his/her exposure to risk. The Customer should carefully consider whether trading in securities is appropriate in the light of his/her experience, objectives, financial resources, and other relevant circumstances. If in any doubt, the Customer should seek professional advice. Different securities involve different levels of risk and in considering whether to trade in securities, the Customer should be aware of the following points:

(a) Terms and Conditions of Securities Trading

The Customer should read and understand the terms and conditions spelt out (and which may be varied or amended from time to time) in the CONDITIONS GOVERNING BAIDURI CAPITAL SECURITIES TRADING ACCOUNTS all of which are referred to and constructed as part of the agreement between Baiduri Capital Sdn Bhd (“Baiduri Capital”) and the Customer.


(b) Risks associated with Securities Trading

  1. Price Fluctuation

    The price and value of any investment in securities and the income, if any, from them, can fluctuate and may fall against the Customer’s interest. An individual security may experience downward price movements and may under some circumstances even become valueless. An inherent risk of trading securities is that losses may be incurred, rather than profits made, as a result of buying and selling securities.

  2. Suspension or Restriction of Trading

    Market conditions (e.g. illiquidity) and/or the operation of the rules of certain markets (e.g. the suspension of trading in any security because of price limits or trading halts) may increase the risk of loss by making it difficult or impossible to effect transactions or liquidate/offset positions.

  3. Warrants

    A warrant is a time limited right to subscribe for securities and is exercisable against the original issuer of the underlying securities. A relatively small movement in the price of the underlying security results in a disproportionately large movement, favourable or unfavourable, in the price of the warrant. The prices of warrants can therefore be volatile. It is essential for anyone who is considering purchasing warrants to understand that the right to subscribe which a warrant confers is invariably limited in time with consequence that if the investor fail to exercise this right within the predetermined timescale, then the investment become worthless.

  4. Equity-Linked Investments

    These are structured products based on the underlying listed securities that offer the potential for high returns but also involve substantial risks including marketing, liquidity, and credit risks. These investments are intended to be held to maturity and are generally for investors who expect the price of the reference security to be stable or moderately bullish soon. The principal investment sum and interest are not guaranteed, and investors may suffer a capital loss, if the reference security price is below the strike price on determination date, as investors will receive the reference security instead of cash. In providing prices for Equity-Linked Investments, Baiduri Capital will enter the transaction with the Customer as principal, unless otherwise stated. Any transaction entered by the Customer with Baiduri Capital could result in a loss to the Customer and a gain to Baiduri Capital.

  5. Debt Securities

    Debt securities and Debt-linked investments offer fixed returns 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 arises from default events that may result in the inability of the issuer to pay interest or principal. Default risk is high when credit rating is non-investment grade or non-rated. In a default situation, the buyer may lose both interest and principal. Currency risk arises 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 buyer may lose more than his original interest and principal. Liquidity risk refers to the availability of prices for buying or selling into a market. It is common for most Debt securities to suffer from poor liquidity because they are quoted over the counter (OTC).

  6. Over the Counter (OTC) Products

    Over the counter (OTC) products are not listed or available on an officially recognised securities exchange but traded directly between two parties (buyer and seller) on a principal basis, unless otherwise stated. As a result, an OTC transaction is individually negotiated between two parties and the Customer is thus exposed to credit risk of the counterparty in which they enter into bilateral agreement with. In addition, the Customer may be exposed to liquidity risk and Baiduri Capital cannot and does not warrant that there is an active trading market and the price Baiduri Capital secure for the Customer will at any time be the best price available to the Customer. In entering an OTC transaction with the Customer, Baiduri Capital may make a profit despite the Customer incurring a loss. The customer should consider carefully whether each OTC product is suitable considering the Customer’s investment experience, objective, financial position, risk propensity and other relevant considerations. The Customer should therefore ensure that they understand the risks associated with OTC products and transactions, and seek independent advice, if necessary, before deciding to invest in any of the OTC products.

    Where Baiduri Capital re-sells an obligation of an Issuer or Third Party, the Customer accepts that Baiduri Capital is not obliged to settle the underlying obligation of such Issuer or Third Party and the liability of non-payment by the Issuer or Third party is to be borne by the Customer and that such a transaction shall be deemed settled upon the Customer’s payment for the same.

(c) Commission, Fees, Interest and Other Charges

The Customer should obtain a clear explanation of all commissions, fees, interest, and charges, including charges for the custody of the Customer’s shares, and understand that these charges may affect the Customer’s net profit (if any) or increase the Customer’s loss. The Customer agrees that he/she will be liable for these charges (as may be amended from time to time).


(d) Transactions in Other Jurisdictions


Transactions on markets in other jurisdictions, including markets formally linked to the Brunei Darussalam or Singapore market may expose you to additional risks. Such markets may be subjected to rules that may offer different or diminished investor protection. Before entering such trades, the Customer should be aware of the rules relevant to the transactions. Our local regulatory authority may be unable to compel the enforcement of the rules of regulatory authorities or markets in other jurisdictions where the Customer’s transactions have been affected.


(e) Currency Risks

The potential for profit or loss from transactions on foreign markets or in foreign currency-denominated securities (traded locally or in other jurisdictions) will be affected by fluctuations in foreign exchange rates. 


(f) Trading Facilities and Electronic Trading

Baiduri Capital’s trading facilities are supported by computer-based component systems for the order-routing, execution, matching, registration or clearing of trades. As with all facilities and computer systems, customers will be exposed to risks associated with the systems including the failure of hardware and software. The result of any system failure may be that the Customer’s order is either not executed according to instructions or is not executed at all. The Customer should also be aware that the internet is not a completely reliable transmission medium and there may be delays in service provisions.


(g) Non-Advisory Nature of Relationship

Unless the Customer has a specific agreement with Baiduri Capital for the provision of advisory services or fund management services, the Customer should note and accept that Baiduri Capital’s relationship with the Customer in relation to the Customer’s securities and securities related transactions is purely as execution only broker/ dealer or as a counterparty to the Customer. In either case, while the Customer is entitled to expect Baiduri Capital or its employees or representatives to answer the Customer’s queries, the obligation in so answering is only to be honest. Such answers should not be assumed to be backed by any prior reasonable due diligence or research or specifically suitable for reliance by the Customer without the Customer first independently confirming that the answer is intended as specific advice to and is suitable for or to the Customer’s specific financial needs and objectives or the Customer verifying the same with the Customer’s independent advisers on its specific suitability for the Customer’s specific financial needs and objectives. The Customer should also note clause 14 of Section 1, Part B of the Conditions Governing Baiduri Capital Securities Trading Accounts and ensure that the Customer understands and accepts the same as a condition to the Customer’s relationship with Baiduri Capital.

terms and conditions for application for electronic payment for shares

1. All customers who wish to open a securities trading account with Baiduri Capital (“Securities Trading Account”) must open and maintain a savings/current account with either Baiduri Bank Sdn Bhd or Baiduri Finance Berhad (“designated Bank Account”) for the purposes for making payments for trading transactions and crediting of sales proceeds.

2. Baiduri Capital shall be entitled, but not bound, from time to time to pay the sales proceeds (the “sales proceeds”) arising from the transactions effected through the Securities Trading Account to the Customer’s designated Bank Account. Baiduri Capital may, at its option, elect to pay the Customer the sales proceeds by cheque and such election shall be binding on the Customer.

3. No payments shall be made by Baiduri Capital to the designated Bank Account through the Electronic Payment for Shares service (the “service”) on Saturdays, Sundays, public holidays or half business days of the Participating Banks or Baiduri Capital. Participating Banks are banks in or outside of Brunei Darussalam that are involved in the facilitating of payments process for the purpose of trading transactions and crediting of sales proceeds.

4. Baiduri Capital shall be entitled, but not bound, from time to time to: 

a) Deem and treat any payments made by the Customer from time to time through the service (the “electronic payment”) as being paid on the market day following the date of the electronic payment.

b) Apply all or any amounts received pursuant to the electronic payment in payment of outstanding purchases (the “outstanding contracts”) made through the Securities Trading Account in chronological order so that the outstanding contract for which payment is due first will be settled first, notwithstanding any instructions from the Customer as to how the electronic payment is to be applied; and

c) Set-off any amounts received pursuant to the electronic payment against all or any amounts due and owing by the Customer to Baiduri Capital before applying the said electronic payment to settle any outstanding contracts, notwithstanding any instructions from you as to which outstanding contract the electronic payment is to be applied.


5. Baiduri Capital and the Participating Bank, are not responsible for any errors, inaccuracies, or omissions (the “omissions”) in the information that may be displayed or transmitted by the Participating Bank to the Customer for the purpose of making electronic payments through the service such as the contract statement numbers and the amounts due thereunder. The Customer’s liability to Baiduri Capital for all and any amounts owing to Baiduri Capital shall be unaffected by the omissions.

6. (a) The Customer shall remain liable to Baiduri Capital for all and any amounts owing to Baiduri Capital howsoever arising from transactions effected through the Securities Trading Account until full payment is received by Baiduri Capital.

(b) An electronic payment shall be deemed to be received by Baiduri Capital if Baiduri Capital’s bank account is credited with the electronic payment. An instruction to the Participating Bank to debit the designated Bank Account and/or to transfer any amount from the designated Bank Account to Baiduri Capital shall not constitute payment to Baiduri Capital.

(c) Nothing herein shall prejudice or preclude Baiduri Capital from exercising its rights to recover any amounts due and owing to Baiduri Capital howsoever arising from transactions effected through the Securities Trading Account, including the right to force-sell securities purchased under outstanding contracts, until Baiduri Capital has received full payment therefor.

(d) Where Baiduri Capital has exercised its rights to force-sell any securities, Baiduri Capital shall be entitled to apply all, or any amounts received pursuant to the electronic payment in accordance with condition 4(c) hereof.

7. Neither Baiduri Capital, the Participating Bank nor their respective agents shall be liable for any loss, consequential loss, damages, costs and charges suffered by the Customer or any other party as a result of any failure by the Participating Bank to credit payment of the sales proceeds into the designated Bank Account or as a result of any failure by the Participating Bank to transfer any electronic payment from the designated Bank Account to Baiduri Capital or as a result of any malfunction, partial or total failure of any machine, data processing system, electronic transmission or communications system or arising from causes or circumstances beyond the control of Baiduri Capital, the Participating Bank or their respective agents.

8. Baiduri Capital and/or its agent’s records of the instructions, operations or transactions made or performed, processed or effected through the service by Baiduri Capital and/or its agent or by or purported to be by the Customer or by the Participating Bank shall be binding and conclusive on the Customer for all purposes whatsoever and shall be conclusive evidence of the instructions, operations, or transactions.

9. Baiduri Capital shall be entitled to add, vary, rescind, or amend any or all these terms and conditions at any time at its discretion.

By clicking on the "Submit" button, I consent to the collection, use and disclosure of my personal information detailed in this form in the manner prescribed in the Privacy Policy available at www.baiduri.com.bn.
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If you have any questions, email us at [email protected] or call us at 226 8588 during business hours.
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