Opening an account online with Arab Finance Corporation is a straightforward process.
Private clients should first execute in two copies the Fiduciary Agreement and Agreement for Trading
Operations forms. These forms make up the standard Fiduciary Custody Management account, whereby AFC
acts as a fiduciary for the client on a non-discretionary basis. In compliance with relevant anti-money
laundering laws, we kindly ask our clients to complete and sign a Personal Information Sheet.
At the beginning of each Agreement, please fill out your personal information in the appropriate section.
You should also initial at the bottom of each page of the Agreements, and write your name and sign in the
indicated spaces. We advise you to contact the Financial Markets desk at 961 1 747 542
(24-hour) so that one of our Investment Advisors can assist you in the process.
The following set of documents should also be provided:
- A copy of a valid I.D. of the account holder(s)
- A proof of residency of the account holder(s)
- A copy of a valid I.D. of the holder of the Power of Attorney on the
account
(if applicable)
- A copy of a valid I.D. of the Beneficiary of the account (if applicable)
You can then send your two completed copies, the Personal Information Sheet as well as any other required documents at:
Arab Finance Corporation sal, Compliance Department
Gefinor Center, Bloc E, Clemenceau Street
Beirut 2034 8423 Lebanon
After reviewing the account forms and their accompanying documents, we will then execute the two
copies and forward you back your copy of the Fiduciary Agreement and Agreement for Trading Operations.
This process takes about three days from the time of reception of a complete file. At that point you will
then be contacted by your Account Officer, who will provide you with your account number as well
as access codes on AFC’s website. You can start placing trades upon reception of cleared funds in your account.
Institutions wishing to open an account should contact the Financial Markets desk to inquire about the proper procedure.
Prospective clients should note that AFC reserves itself the right to reject any application to open an account. |
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