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Ruizean
Client Terms & Conditions
Client Terms and Conditions
Ruizean Pty Ltd Terms and Conditions
ACN 167 543 580
Important Notice: Please read the following terms and conditions carefully.
A. The Website
By accessing the Website, you acknowledge that you have read these terms and conditions and that you agree to be bound by
them.
1. Owner of Website - This website ("Website") is owned by Ruizean Pty Ltd ACN 167 543 580 ('Ruizean'). The Website
consists of public areas ("Public Area") with unrestricted access and private areas ("Private Area") with restricted access.
Any reference to the Website is intended to apply to both areas.
2. The Website - The Public Area of the Website provides information about the mechanics of foreign exchange transactions
and current information about exchange rates. The Private Area allows you to book transactions, enter beneﬁciary account
details and access information about your account online (collectively "the Services"). You may also obtain some or all of
the Services by telephone or email, in which case these terms and conditions will also apply to the extent that they are
relevant. Any Services provided to you will be provided only pursuant to Ruizean's standard client agreement which you
must agree to in addition to this agreement and prior to the provision of any such Services. In the event of any
inconsistency between this Agreement and the relevant client agreement, the provisions of the client agreement will
prevail.
3. Access to Private Area with Username and Password - When you enter into a Client Agreement with us, you will be able
to obtain a username and password with unlimited or prescribed levels of authority in order to enable you and your
authorised representatives to access the Private Area of the Website and use the Services. You accept these terms and
conditions of use each time the Private Area is accessed by anybody using your username and password. Ruizean will not
check the identity of the user every time the username and password are used. It is your responsibility to ensure the
security of your username and password. Ruizean will be entitled to assume that anybody who uses the username and
password has your full authority to do so and accepts no responsibility for misuse or unauthorised access unless you have
notiﬁed Ruizean in accordance with this Agreement.
4. Legitimate Use - You agree to use the Website only for legitimate purposes. You agree not to interfere with, damage (or
attempt to interfere with or damage) or reverse-engineer any code, data or software on or associated with the Website.
You agree to access the Private Area only in accordance with the terms of any client agreement which you enter into with
Ruizean.
5. Ownership of Information on the Website - The copyright in the Website and all associated material is the property of
Ruizean or third parties from whom the material has been licensed. By accessing or using the Website, Ruizean grants you
a limited licence to view and otherwise access content on the Website, but you are not authorised to use such content or
source code for any other purposes, including reverse engineering or copying that content or source code, unless other
wise speciﬁed. All other rights are reserved, and, except as outlined in this agreement or as otherwise permitted by the
Copyright Act 1968, no part of the Website and associated material may be reproduced or published in any form or by any
means, electronic or mechanical, including photocopying, recording, or by information storage or retrieval system, without
the prior written permission of Ruizean.
6. Use of Information on the Website - The information, including any charts, quotes and news ("Information") on this
Website has been obtained from sources believed to be reliable and has been prepared in good faith and with all reason
able care. However, Ruizean makes no warranty, express or implied, concerning the suitability, completeness, quality or
exactness of the Information. Neither Ruizean, nor any of its providers of information, assume any liability to you, or to any
other third party, for the accuracy of the Information or for any errors or omissions therein, nor will Ruizean or any of its
providers of information have any liability for the use, interpretation or implementation of the Information.
7. Accuracy of Information on the Website - By providing the Information on this Website, Ruizean undertakes no obligation
to update the Information. Forecasts, opinions or strategies herein are based on assumptions, market conditions and
available information at the time of writing and may change without notice. In particular, currency converter rates are
updated where possible on a daily basis, but users should be aware that, for many exchange rates, daily data is subject to
change and so the rates listed may be out of date. These rates are a guide only, so visitors to the Website should consult a
Ruizean dealer either by phone or email to obtain the current rates of exchange at any given time.
8. No Financial Advice - The Information contained in this Website does not constitute personal ﬁnancial product advice and
nothing relating to the provision of the information herein shall be construed as creating a ﬁduciary, ﬁnancial or other
advisory relationship between Ruizean and the user or any other third party.
Ruizean Pty Ltd | ABN: 34 167 543 580 | T: +61 2 9017 5200 | A: Level 37, 1 Macquarie Place, Sydney NSW 2000, Australia
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Any comments or statements made are not a recommendation that a particular course of action is suitable for you and
should not be regarded as ﬁnancial product advice. Before making any investment decision on the basis of any reports or
information provided, you must read any relevant disclosure document and make your own investigations regarding the
accuracy, reliability and completeness of this information.You should also seek expert professional advice about the oﬀer in
light of your particular ﬁnancial circumstances and particular investment objectives or needs.
9. No Liability for Delays or Technical Problems - Subject to any conditions and warranties implied by legislation and to the terms
of the client agreement you have with us, Ruizean excludes liability for any delay, interruption or unavailability of the Website.
You acknowledge that we operate an online dealing platform that could be subject to technical, or other, problems, the nature
and duration of which may be beyond our control. Our Service also involves the use of intermediaries who are outside our
control.
10. Access to the Website - Ruizean will use all reasonable eﬀorts to provide access to the Website at all reasonable times, but
cannot guarantee that such access will never be interrupted as a result of technical or other unforeseen problems.
11. Termination of Access to Website - You may terminate your access to the Private Area of the Website at any time by giving us 48
hours written notice by email of your intention to change or terminate your username and password. In the event that you
suspect that any person has gained access to your username and password without your authorisation, you should contact us
immediately on the telephone number on this Website.
12. Account Records in the Private Area - You should check the account records of your online Ruizean account carefully and
promptly report to us as soon as you become aware of any payments that you think are errors or are payments that you did not
authorise or you think were made by someone else without your permission.
13. Errors or Mistakes in the Private Area - You must notify us promptly if you become aware that you have made a mistake while
booking a transaction online or if you become aware of any delays or mistakes in processing your transactions on the part of
Ruizean. - If your funds are sent to the wrong account as the result of a mistake made by you, and we have acted in accordance
with your instructions, we will be under no obligation either to recover the funds or to resend the funds to the correct
beneﬁciary account. You will need to book a new transaction.
14. Fee Disclosure - Ruizean does not receive fees from any third parties.
15. Indemnity by You - You fully indemnify and hold harmless Ruizean and its oﬃcers, employees and agents in respect of any loss,
damage, cost or expense which they may sustain or incur arising from or related to the improper use of the Website by you or
your authorised representatives.
16. External Links - The Website may contain links to other websites which are not maintained or controlled by Ruizean ("third party
site"). Ruizean makes no representations or warranties whatsoever about any third party site. The Website provides these links as
a convenience only. A link does not imply endorsement of, sponsorship of, or aﬃliation with the linked site. Ruizean accepts no
responsibility for the content or use of any third party site. If you link to any third party site, you leave the Website and do so
entirely at your own risk.
17. Security - Ruizean employs secure encryption technology, but cannot guarantee that the Website will always be free of viruses or
bugs or that any communication between you and the Website is secure from interception by third parties.
18. Alterations to the Website - Ruizean reserves the right to alter without notice the content, appearance and Services oﬀered on
the Website, provided always that, in the event of any inconsistency, the terms of the client agreement that you enter into with
Ruizean shall prevail.
19. Privacy - The privacy policy on the Website forms part of this agreement.
20. Jurisdiction - This agreement is governed by the laws of NSW, Australia. You submit to the jurisdiction of the Courts of NSW.
B. The Service
The service provided by Ruizean to the client is provided on the following terms.
1. FX transactions are requested, agreed, issued and managed on the terms set out in this agreement.
2. These terms also cover the Account which the Client must have to manage its FX Transactions. Even if the Terms describe
something in relation to the Account, they are terms which apply to the FX Transactions.
3. To establish the Account, the Client must complete an Application Form and that must be accepted by Ruizean. Ruizean may,
in its absolute discretion, accept or decline an Application Form.
4. This agreement will apply to the Client from the time Ruizean accepts the Application Form.
5. The Application Form may be in paper form or electronic form.
Ruizean Pty Ltd | ABN: 34 167 543 580 | T: +61 2 9017 5200 | A: Level 37, 1 Macquarie Place, Sydney NSW 2000, Australia
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6. Ruizean is authorised to deal in foreign exchange products and provide general foreign exchange advice as corporate authorised
representative number 463693 of Forex Sport Pty Ltd, ACN 147 363 175. Forex Sport Pty Ltd hold Australian Financial Services
License 401379.
C. Warranties, Acknowledgements and Undertakings
The Client warrants that:
1. The Client is acting as principal only and not as agent for any third party whose identity has not been disclosed in writing to
Ruizean prior to applying for the Account.
2. If the Client is acting as a trustee or as agent, it gives the additional warranties and representations.
3. An FX Transaction cannot be altered or cancelled with the prior written consent of Ruizean from the time of its written,
electronic or oral acceptance.
The Client undertakes that:
1. All FX Transactions will be for non-speculative purposes only and that the Client will have full capacity to instruct
Ruizean to perform the Service and to enter into FX Transactions.
2. The Client will take physical delivery on the Value date of the Bought Currency after payment to Ruizean of the full amount
of the Sold Currency for each FX Transaction as stipulated by Ruizean.
In relation to any FX Transactions and information or advice supplied by Ruizean:
1. The Client warrants that the Client relies solely on the Client’s own skill and judgement in determining whether the FX
Transaction or Services acquired from Ruizean are suitable and reasonably ﬁt for the Client’s purposes.
2. The Client acknowledges that Ruizean does not give any personal advice to the Client and Ruizean has not taken into
account the personal situation of the Client or the Client’s experience, ﬁnancial objective, needs or circumstances.
3. The Client warrants that the Client does not place any reliance on Ruizean’s opinion of the merits or otherwise of any FX
Transaction, taxation matters in relation to that or matters concerning any foreign exchange ﬁnancial products or markets
or other matters of whatever kind.
4. The Client acknowledges that Ruizean recommends that the Client seeks prior independent ﬁnancial advice and consider
carefully whether entering into speciﬁc foreign exchange transactions are appropriate in terms of the Client’s experience,
ﬁnancial objectives, needs and circumstances.
Each warranty and acknowledgement by the Client is deemed to be repeated prior to each instruction and on each day that a FX
Transaction exists.
D. Instructions
1. The client may request an FX transaction:
• Via the telephone; or
• Via the website (www.ruizean.com)
2. Ruizean will act upon any instructions issued by an Authorised Signatory and the Client will be bound by all such
instructions, whether or not the Authorised Signatory is or remains properly authorised by the Client. The Client must
notify Ruizean immediately in writing of any changes to the Authorised Signatory List.
3. Ruizean is not obliged to perform the Service and may refuse to do so without giving any reason. Ruizean will have no
liability to the Client for any resultant loss to perform the Service.
4. Each instruction from a Client constitutes an oﬀer to Ruizean and if accepted by Ruizean, will result in an agreement for the
relevant FX Transaction on these terms.
5. An FX Transaction will come into force when accepted over the phone or via the email or via the website exchange transfer
request.
6. The details of each FX Transaction will be conﬁrmed either orally by telephone, by email or online by a Conﬁrmation. In the
case of Instructions received by telephone, the FX Transaction shall be binding upon conclusion of the telephone call. In
the case of Instructions received by email, the FX Transaction shall be binding upon receipt by the Client of an email from
Ruizean conﬁrming the details of the FX Transaction, provided that the Client shall have 24 hours in which to notify Ruizean
of any errors in the email, failing which the details set out in the email shall be deemed to be correct.
Ruizean Pty Ltd | ABN: 34 167 543 580 | T: +61 2 9017 5200 | A: Level 37, 1 Macquarie Place, Sydney NSW 2000, Australia
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7. The Client acknowledges that due to volatility in exchange rates, the timely performance of the Client’s obligation is an essential
term of any FX Transaction.
8. In circumstances where Ruizean make an Out-Of-Market quote, the client shall be under an obligation to notify Ruizean as soon
as possible and Ruizean shall have 48 hours in which to requote the exchange rate, prior to which time the FX Transaction shall
not be legally binding.
9. Ruizean may request further information or conﬁrmation from the Client in relation to any Instruction if Ruizean deems it
necessary to conﬁrm or clarify an instruction prior to the FX transaction proceeding. Ruizean shall not be liable to the Client for
any delay or failure to complete the FX Transaction as a result of such a request.
10. Ruizean may record and store recordings of all telephone conversations with the Client with or without automatic warning
message or tone. Ruizean may produce and store a transcript of the recorded telephone conversation and to use wither the
transcript or the recording of the telephone conversation for purposes of verifying the details of an FX Transaction or to resolve
any dispute between the Client and Ruizean in respect of the FX Transaction or Service.
E. Financial Provisions
1. The Client must immediately make all payments due to Ruizean pursuant to these Terms in full without any set-oﬀ, counter
claim or deduction whatsoever.
2. The Client must provide details of the Nominated Beneﬁciary Account prior to or on the date that is speciﬁed orally or in writing
by Ruizean or is stated in the Conﬁrmation. Ruizean will rely on the account number speciﬁed for the Nominated Beneﬁciary and
will not check to ensure that the name provided by the Client corresponds with the account number.
3. The Client acknowledges that the banks through which payment of the FX Transaction is to be eﬀected have speciﬁed cut oﬀ
times for the receipt and payment of electronic payments. Ruizean accepts no responsibility for and will have liability in respect
of any delay in onward payment attributable to the late arrival of payment relative to the cut oﬀ times of the designated bank,
their errors or omissions of their failure to conduct the payments.
4. The Client is responsible for Bank Charges deducted by the bank when paying funds to Ruizean.
5. No onward payments will be made by Ruizean until Client funds are credited and cleared in the Ruizean account.
6. Ruizean reserves the right to Close Out any FX Transaction in circumstances where the Sold Amount has not been received by the
Ruizean within 3 business days of the Transaction becoming legally binding in accordance with Clause D6 or the Client has failed
to provide the details of the Nominated Beneﬁciary Account prior to or on the date speciﬁed orally or in writing by the Ruizean.
7. Ruizean are not held liable to recover any funds duly paid to a Nominated Beneﬁciary Account and will not resend any funds
pursuant to an amended instruction until Ruizean is in receipt of further funds from the Client.
8. In the event that funds have been sent to the wrong beneﬁciary account as the result of an error made by Ruizean, then Ruizean
shall take action at its own expense to recover those funds, provided always that the Client will take immediate action to recover
any such funds itself to the extent that the mistaken beneﬁciary is related to or associated with the Client and will otherwise
assist Ruizean with any necessary recovery action. In the event that funds are mistakenly paid by the Ruizean on behalf of a third
party into an account operated or controlled by the Client, the Client undertakes and agrees to refund any such funds to Ruizean
or in accordance with Ruizean’s instructions immediately.
9. Ruizean does not pay interest on any amounts it receives from or for the Client in relation to an FX Transaction.
10. All payments made pursuant to this Agreement are required to be made by telegraphic transfer or electronic transfer. Ruizean
does not accept or make any payments by Cash, Credit Card, Cheque or Draft.
11. Where funds are held by Ruizean pending further instructions from the Client, the Client acknowledges and agrees that Ruizean
will not hold such funds on trust and will not pay interest on such funds. Ruizean will return funds to the Client within four weeks
of receipt in absence of any Instruction.
F. Forward Contracts
1. If the FX Transaction is a Forward Contract, the Client must immediately after Ruizean and the Client agree to the FX Transaction,
pay immediately the advance payment as speciﬁed by Ruizean.
2. The Client must notify Ruizean immediately of any errors in the Forward Contract details, failing which the Forward Contract
details shall be deemed to be accurate.
3. The Client must pay the balance of the Forward Contract in cleared funds by the contract maturity date.
4. Ruizean may agree to the Client’s requests for a rollover or partial delivery of the Forward Contract, where Ruizean reserves the
right to change the exchange rate at its sole discretion.
Ruizean Pty Ltd | ABN: 34 167 543 580 | T: +61 2 9017 5200 | A: Level 37, 1 Macquarie Place, Sydney NSW 2000, Australia
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G. Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF)
1. In dealing with Ruizean, the Client acknowledges agrees that Ruizean is obliged to adhere to applicable AUSTRAC AML/CTF
Regulations and AML/CTF Regulations in all relevant jurisdictions. The Client will not attempt to initiate any FX Transactions that
may contravene any AML/CTF Regulations and will provide such information as is necessary for Ruizean to comply with its
AML/CTF obligations.
2. Ruizean reserves the right to collect such information as is necessary from the Client to meet its obligation under applicable
AML/CTF Regulations. Ruizean may pass on information collected from the Client and relating to FX Transactions as required by
any applicable AML/CTF Regulations and is under no obligation to inform the Client is has done so.
3. Ruizean may undertake all such AML checks in relation to the Client, its Authorised Signatories or any Transaction (included
restricted lists, blocked persons and countries lists) as may be deemed necessary or appropriate by Ruizean.
4. Ruizean may delay, block or refuse to make any payment or to provide any service if it believes on reasonable grounds that to do
so may breach any law in Australia or any other country and Ruizean will incur no liability to the Client if it does so.
H. Disputes
1. Any dispute in relation to this Agreement or the services provided by Ruizean must ﬁrst be referred to Ruizean and will be dealt
with in accordance with Ruizean Disputes Policy.
2. If the dispute is not resolved as per the terms in H1, it must be submitted to the Financial Ombudsman Service (FOS) for
determination in accordance with its rules.
3. The Client may not proceed against Ruizean except in accordance with this disputes clause.
I. Limitation of Liability
1. This clause set out Ruizean’s entire liability to the Client for any losses, costs (including legal costs and expenses), damages,
expenses, taxes, charges or any other liability whatsoever.
2. The Client acknowledges that delays in the transmission and receipt of payments may occur. In particular, the Client
acknowledges that Ruizean uses an online dealing platform that could be subject to technical, or other, problems beyond
Ruizean’s control which could result in delays in excess of 48 hours. Accordingly, Ruizean cannot guarantee that transfers of funds
will always be made on a timely basis and shall in no circumstances be liable to the Client for any costs, expenses, liabilities or
losses of any kind, however arising, resulting from any delay in any payment made on behalf of the Client or any delay in
responding to instructions received from the Client.
3. Ruizean’s total aggregate liability to the Client for any breach of its obligations under this Agreement, or any FX Transactions
contemplated by it, shall be limited to the total amount paid to Ruizean by the Client in relation to any particular FX Transaction.
In no circumstances shall Ruizean be liable to the Client for any consequential or indirect losses of any kind, whether foreseeable
or not.
4. The Client shall fully indemnify Ruizean and keep it fully indemniﬁed from and against all and any liabilities, damages, losses and
costs (including legal costs calculated on a solicitor and own client basis) incurred by Ruizean in enforcing its rights under this
Agreement or otherwise arising under this Agreement.
5. The Client acknowledges and agrees that the Client shall at all times be liable to pay fees, costs, duties and taxes charged by third
parties, including but not limited to fees charged by beneﬁciary banks, whether or not the existence of, or any increases to, any
such fees or charges have been notiﬁed to the Client by Ruizean.
J. Termination and Close Out
1. Ruizean may terminate (without notice to the Client), by way of Close out, but will not be obliged to terminate or to attempt to
terminate, some or all FX Transactions, at that time or any later time as Ruizean determines if any of the following occur:
i.
Failure by the Client to make any payment when due, including the payment of any deposit;
ii. If the Client is an individual, the death or loss of mental capacity of the Client;
iii. The occurrence of an Insolvency Event;
iv. The Client is in breach of any statute or regulations relevant to the FX Transaction;
v. Ruizean determines that any information provided by the Client to Ruizean is false, misleading or inaccurate in any material
respect;
vi. Representations or information provided by the Client are or become, in the opinion of Ruizean, inaccurate or misleading in
any material respect;
Ruizean Pty Ltd | ABN: 34 167 543 580 | T: +61 2 9017 5200 | A: Level 37, 1 Macquarie Place, Sydney NSW 2000, Australia
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vii. Giving eﬀect to any obligations under this Agreement becomes unlawful;
viii. A dispute has arisen between the Parties;
ix. Breach by the Client of any terms of this Agreement or any other FX Transaction; or
x.
In circumstances where Ruizean reasonably forms the view that it is necessary to do so for its own protection.
K. Privacy
1. In order to provide the Client with the Services, Ruizean must collect certain Personal Information about the client or the
Authorised Signatories of the Client and obtain their consent in relation to the handling of such Personal Information. The Client
hereby gives that consent or warrants that it has obtained that consent from each Authorised Signatory. The Client also agrees to
provide upon request all such information in relation to its ﬁnancial and business aﬀairs and/or identity, as Ruizean may
reasonably require.
2. The Client hereby authorises Ruizean to collect, use, store or otherwise process any Personal Information concerning the Client
or any Authorised Signatory in accordance with Ruizean’s Privacy Statement and, in particular, agrees that Ruizean may use all
such Personal Information, for the purposes of complying with its obligations under any AML/CTF Regulations and for any other
purpose directly related to the provision by Ruizean of the Service.
3. The Client will be required to provide evidence to verify its identity or the identity of its Authorised Signatories. If Ruizean is not
satisﬁed with the information provided by the Client, it may request additional information. Ruizean will not accept a Client
Application and the full range of Services will not be available to the Client unless and until veriﬁcation procedures have been
completed to the satisfaction of Ruizean.
4. The Client must ensure that all information provided to Ruizean is accurate and up-to-date at all times. Any changes must be
advised to Ruizean as soon as is practicable.
5. Ruizean collects and stores all information electronically and takes reasonable steps to protect such information from unautho
rised access, misuse, loss or destruction. Ruizean shall in no way be liable to the Client for any loss or damage the Client may
incur as a result of the loss or theft of such information held by Ruizean.
L. General
1. Nothing in these Terms aﬀects Ruizean’s obligations as a corporate authorised representative of an Australian Financial Services
Licensee.
2. Documents under this agreement may be sent by fax, post or email and proof of posting shall be proof of receipt; in the case of
fax or email on the day of dispatch, in the case of delivery by post 48 hours from the date of posting. Documents shall be sent to
the last known address, email address, of fax number given by each Party from time to time.
3. Nothing in this Agreement will be deemed to create a partnership or joint venture or agency relationship between the Parties or
confer any right or beneﬁt on any third party.
4. This Agreement, together with the Conﬁrmation of each FX Transaction, comprises the entire agreement and understanding of
the Parties and supersedes all previous oral and written communications. If any clause of this Agreement conﬂicts with the
Conﬁrmation or Forward Contract Details, the Conﬁrmation or Forward Contract Details will prevail.
5. Ruizean may alter the Client Agreement by posting the new terms on the Website. Any such amendment will not aﬀect any rights
or obligations already in existence. The Client is bound by the new terms if the Client continues to use the Service after those
terms are posted on the Website.
6. Any failure or delay by either Party to exercise any right arising under this Agreement shall not be construed as a waiver of such
right.
7. No oral representation by Ruizean, its employees or agents shall be binding on Ruizean or shall form part of this Agreement, and
all conditions, warranties or other terms implied by statute or common law are hereby excluded to the fullest extent permitted
by law.
8. This Agreement shall be construed in accordance with the laws of NSW, Australia and the Parties irrevocably submit to the
exclusive jurisdiction of the NSW courts to settle any disputes which may arise in connection with this Agreement.
Ruizean Pty Ltd | ABN: 34 167 543 580 | T: +61 2 9017 5200 | A: Level 37, 1 Macquarie Place, Sydney NSW 2000, Australia
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M. Deﬁnitions
AML/CTF means 'anti-money laundering' and 'counter terrorism ﬁnancing' as those terms are generally understood in the Anti-Money
Laundering and Counter-Terrorism Financing Act 2006 (Cth).
AML/CTF Regulations means the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) the associated Rules and
Regulations and any equivalent regulations in other jurisdictions.
Authorised Signatory means anyone duly authorised by the Client, or appointed by the Client in writing, to sign documents or give
instructions on behalf of the Client, including but not limited to those individuals on the Authorised Signatory List.
Authorised Signatory List means the authorised signatory list in this Agreement.
Client Agreement or Agreement means this agreement.
Client Application means the application completed by the Client in order to gain access to the Website and the Services.
Close Out means reversing a foreign currency exchange transaction in the circumstances set out in Clause J or otherwise pursuant to
this Agreement.
Conﬁrmation means the document forwarded to the Client setting out all relevant details of a FX Transaction, other than in relation to a
Forward Contract.
Disputes Policy means the disputes policy published by Ruizean on its Website.
Forward Contract means a transaction in relation to which the Maturity Date is more than two days after the Instruction is given.
Forward Contract Details means the details of the Forward Contract, being the exchange rate, the currency sold, the currency bought,
the sold amount, the bought amount and the maturity date of the Forward Contract, which will be communicated to the Client online or
by email or fax following the telephone call between Ruizean and the Client in which the details are ﬁnalised.
FX Transaction means a binding agreement between the Client and Ruizean to exchange one contract for another on or before a
speciﬁed date at an agreed rate, including Forward Contracts, and shall be taken to refer to a series of transactions pursuant to standing
instructions given by the Client.
Insolvency Event means a receiver, manager, trustee, administrator, controller or similar external administrator is appointed over any of
the assets or undertakings of the Client; the Client is or becomes unable to pay its debts as and when they are due; the Client ceases to
carry on business; an order is made for the winding up or dissolution of the Client otherwise than for the purpose of an amalgamation
or reconstruction which has the prior written consent of Ruizean.
Instruction means a request made by the Client to Ruizean to enter into a Transaction.
Maturity Date means, in relation to a Forward Contract, the date on which the currency exchange is to be eﬀected by Ruizean.
Money Laundering Statement means the money laundering statement on the Website.
Nominated Beneﬁciary Account means the bank account of a person to whom the Client has instructed Ruizean to transfer funds.
Out-of-Market Quote means a Rate quoted by Ruizean which is demonstrably inconsistent with prevailing market rates as the result of a
human or technical error on the part of Ruizean.
Party means a party to this Agreement.
Personal Information means information or an opinion (including information or an opinion forming part of a database), whether true
or not, and whether recorded in a material form or not, about an individual whose identity is apparent, or can reasonably be
ascertained, from the information or opinion.
Privacy Policy means the privacy policy on the Website.
Rate means the foreign currency exchange rate applicable to a FX Transaction.
Service means the facility oﬀered by Ruizean for the purpose of buying and selling currency for physical delivery.
Sold Amount means the amount of the currency that the Client is selling to Ruizean.
Transaction Date means the date on which the Client enters into a FX Transaction with Ruizean for the exchange of currencies.
Website means the website located at www.ruizean.com
Website Terms of Use means the terms of use on the Website setting out the terms pursuant to which the Client may access the
Website.
Ruizean Pty Ltd | ABN: 34 167 543 580 | T: +61 2 9017 5200 | A: Level 37, 1 Macquarie Place, Sydney NSW 2000, Australia
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