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TCT

THE COMMODITY TRADERS

COMMODITIES OF THE WORLD

KYC Account Application Form

Secure Your Business, Simplify Your Compliance

Effortlessly complete your KYC application form to verify identities, build strong relationships, and take charge of compliance. Start your application today and transform your customer verification process!

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KYC Compliance:
Requirements & Steps to Follow

How to Achieve Full KYC Compliance and Protect Your Transactions

Steps to Get KYC Compliant

To complete the KYC process, please follow these steps along with your application:

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  • Complete the KYC Account Application Form: This form is the first step in fulfilling TCT's KYC criteria.

  • Submit Supporting Documentation: Provide additional evidence such as certified copies of identity and address proof or original verification documents. Ensure all documents are clear, valid, and, if not in English, translated accordingly.

  • Background Check: TCT will conduct a comprehensive background check as part of our "Know Your Customer" procedures. This process complies with Section 326 of the USA Patriot Act of 2002 and Directive 2005/60/EC of the European Parliament and of the Council (26 October 2005). For a full copy of the USA Patriot Act, please visit: USA Patriot Act.

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Who Must Be KYC Compliant?

Any individual or organization wishing to participate must meet the following criteria:

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  • Possess a valid ID and provide a signed consent form.

  • Demonstrate relevant experience or skills in their area of interest.

  • Be willing to collaborate with other participants and adhere to established guidelines.

  • Commit to the project for the full duration of the contract.

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KYC Verification for All Transactions

All transactions conducted through TCT require full KYC verification. Before accessing any authorized transaction channels, you must complete the KYC form.

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Additional Important Points

  • Document Requirements: All identity or address-proof documents, including attestations and certifications, must be in English. If provided in another language, they must be accompanied by a certified translation.

  • Completeness of Application: Include every required document with your application. If any document is unavailable, provide a detailed letter explaining the circumstances and include alternative supporting evidence. Incomplete applications without valid justification may be rejected.

  • Form Updates: New KYC requests submitted using outdated forms will be subject to rejection. Additionally, any changes to your address, country, nationality, occupation, income details, date of birth, or proof of identity must be communicated through the appropriate forms provided by TCT.

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By following these steps and meeting these requirements, you can achieve full KYC compliance and ensure smooth, secure transactions with TCT The Commodity Traders, B.V.

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Opening a New Client Account:
Guidelines and Requirements

A Step-by-Step Guide to Seamless Registration

Steps to Complete Your Application

To open a new client account with TCT, please adhere to the following guidelines:

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  1. Review the Form: Scrutinize the application form thoroughly. If you have any questions or need clarification, contact our local office staff.

  2. Joint Trading Accounts: If you wish to open a joint trading account, submit a notarized joint-venture or cooperation agreement to TCT. Each participating partner must individually meet the established requirements.

  3. Complete the Form: Fill in all the required fields on the form or attached agreement. If a particular field does not apply to you, clearly indicate "N/A" (Not Applicable).

  4. Submit Certified Documents: Provide certified copies of your identity, address, and bank account proofs. TCT reserves the right to request original documents for verification purposes.

  5. Attach a Passport-Sized Photo: Affix a recent, passport-sized photo in the designated space on the form. Sign partially across the photo and partially on the form. Please note that electronic signatures are not acceptable.

  6. Sign Where Required: Ensure that you sign the form in all the indicated areas.

  7. Witness or Introducer Signature: Arrange for a witness or an introducer to sign where indicated on the form.

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Basic Documentation Requirements

To support your application, please prepare and include the following documents:

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  • Proof of Valid Identity: Submit acceptable documents such as an international ID, driver’s license, or birth certificate (preferably legalized). A clear, color copy of your valid passport is also required. All identification documents must be legible, unaltered, and legitimate. Expired or suspicious documents will result in rejection of your application.

  • Proof of Address: Provide a current document displaying your residential address—this can be an electricity bill, bank statement, voter card, insurance policy, or any other official document. The document must be dated within the past 20 days and should match the address provided on your application.

  • Bank Letter of Good Standing: Include a recent bank letter (issued within the last 20 days) confirming your good standing and creditworthiness. The letter should detail your account number, balance, and transaction history.

  • Latest Financial Statement: Provide a summary page of your bank account statement for the previous month, demonstrating your current income and expense profile.

  • Audited Accounts & Reports: Supply copies of your audited financial statements for the past two years or a bank comfort letter verifying your financial capacity. These documents should encompass your profit and loss account, balance sheet, and annual report.

  • Corporate Documents: If applicable, include copies of corporate documents that verify your business registration and operational legitimacy, such as your certificate of incumbency, business registration certificate, and trade and export licenses.

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Please Note: This list of requirements is not exhaustive and may be updated based on the specific needs of the TCT program. Be sure to regularly check the application kit on the TCT website to ensure you have compiled all necessary documents before applying.

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Following these guidelines will help streamline your account opening process and facilitate a successful partnership with TCT.

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*** We apologize for any inconvenience this may cause. Please note that our forms and applications are designed to work exclusively on desktop devices and are not compatible with mobile devices. Thank you for your understanding and cooperation. ***

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