TERMS AND CONDITIONS FOR MEMBERSHIP AT THE GCX
1. A Broker Member (BM):
i. Can BUY and / or SELL all commodities for themselves and other exchange members and non-members (clients)
ii. Can settle all commodities for self and others
2. A BROKER applicant shall submit this application form along with proof of the following requirements, (duly attested by the applicant), which are a part of the membership criteria:
a. Company Registration Certificates
b. Tax Clearance Certificate/VAT Registration Certificate
c. Latest Auditor report
d. Net worth of GHC 50,000
e. Signed GCX Risk Disclosure form
f. GCX Basic Membership Training Certificate
g. At least one (1) Floor representative
h. Member client agreement for each client (if has clients)
3. A Sign on and Processing fee as specified herein the application form. In the case that this processing fee is not paid, GCX reserves the right to reject this Membership Application
4. GCX reserves the right to accept or reject any Membership Application, or amend the Terms and Conditions without assigning any reason whatsoever.
5. Membership shall be subject to renewal every year on GCX applicable terms.