| Option 1 |
The broker becomes a client of Mex-Ex and establishes
an account in his own name through which all of his end buyer's business is transacted. Only brokers who have the full financial capability to purchase on their own account would use such an arrangement.
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| Option
2 |
Clients are introduced by the broker to Mex-Ex and apply to establish an account in their own name. The client additionally completes a
third party mandate empowering the introducing broker to work with Mex-Ex on the client's behalf.
Mex-Ex will agree on remuneration arrangements for the
introducing broker on a case-by-case basis. Any such fees paid or commissions made may be disclosed to the introduced client.
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| Option
3 |
Clients are introduced by the broker to Mex-Ex and apply to establish an account in their own name. However, unlike the introducing broker arrangement described
in Option 2 above, the client operates the account on his own behalf.
In recognition of the introduction, Mex-Ex will agree to pay a fee or return a portion of the commission earned from the introduced client to the
broker on a one-time basis. Any such fee paid or commission made may be disclosed to the introduced client.
Introducing brokers are not permitted to have any control or influence over the conduct of the accounts introduced.
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| A pre-requisite to being accepted by Mex-Ex as an
introducing broker or agent is the demonstration of the introducer's bona fides, including its ethical and financial integrity. Additionally, we must be satisfied that all legal and regulatory requirements in the Introducer's country of domicile have been fully satisfied.
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