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By enrolling in TradeStation Forex Inc.'s Online Transfer Account Authorization, you will establish a standing authorization to request online electronic funds transfers between your TradeStation Forex accounts and your accounts at U.S. financial institutions, as indicated below.
By sending TradeStation Forex a wire or check disbursement request (whether by telephone, electronically or in writing), I authorize TradeStation Forex to act on my behalf to initiate the wire transfer or check disbursement. On receipt of a wire transfer or check disbursement request by TradeStation Forex, TradeStation Forex will transmit payment instructions to the applicable bank. If a wire transfer or check disbursement request is received after the relevant cutoff time, my request may be treated as if it were received the next Business Day. TradeStation Forex also may reject wire transfer or check disbursement requests. I will be notified of any such rejection by telephone, electronically or in writing. TradeStation Forex is not liable for any interest for the period before I receive the notice of rejection. It is my responsibility to ensure that my instructions are accurate before requesting TradeStation Forex to initiate a wire transfer or check disbursement. A wire or check disbursement request cannot be amended or canceled after TradeStation Forex receives it. TradeStation Forex may in its discretion attempt to abide by a subsequent request for a change, but it is not obligated to do so. I agree to indemnify and hold TradeStation Forex and its affiliates harmless from any Losses arising out of or relating to an attempt to amend or cancel a wire transfer or check disbursement request. In addition, if I request a stop-payment on any check issued in response to a check disbursement request, I understand that I may not have access to the funds for at least sixty (60) days. If my wire transfer or check disbursement request involves a currency other than U.S. dollars, my funds will be exchanged for such currency at the current rate of exchange according to TradeStation Forex's standard business procedures. I am aware that currency exchange rates fluctuate over time and I accept the risks of such fluctuation between the time I send a wire transfer or check disbursement request and the time the wire transfer or check disbursement is final. If I arrange for a wire transfer to be directed to my Account, I am responsible for ensuring that such wire is initiated properly, addressed properly to TradeStation Forex's bank account and bears appropriate wire instructions in exactly the form required by TradeStation Forex for identification of me and my Account. I understand that any erroneous, mismatched or incomplete identifying information on an incoming wire transfer may result in such wire being rejected, lost, posted to an incorrect account or returned to the originating bank without notice to me and I agree to indemnify and hold TradeStation Forex and its affiliates harmless from any Losses arising out of or relating to any erroneous, mismatched or incomplete identifying information on an incoming wire.