Authority in Respect of Instructions received by electronic means from NASDAQ OMX Clearing AB
To: [NAME OF SETTLEMENT BANK]
We, [NAME OF CLEARING PARTICIPANT], company registration number [NUMBER], refer to the mandate or other agreement between you and us governing the operation of our account(s), credit facilities or banking arrangements with you (the “Agreement”).
Notwithstanding the terms of the Agreement or any future mandate or other agreement or course of dealings between you and us, you are requested and authorized, but not obliged in case of insufficient funds, to rely upon and act in accordance with any communication which may from time to time be, or purport to be, given by SWIFT,
NASDAQ OMX Clearing AB’s (556383-9058) BIC code, as valid from time to time, which currently is OMECSESSNOC, or
in case of SWIFT disruption, by other authenticated electronic means (including, without limitation, pdf-file per email or fax)
NASDAQ OMX Clearing AB (556383-9058), which shall be signed by two authorized representatives as further set out in the Bank Services Agreement between NASDAQ OMX Clearing AB and you,
without enquiry on your part as to the authority or identity of the person making or purporting to make such communication regardless of the circumstances prevailing at the time of such communication. You shall be entitled to treat such communication as fully authorized by and binding upon us and you shall be entitled to take such steps in connection with or in reliance upon communication as you may in good faith consider appropriate, whether such communication includes instructions to pay money or otherwise to debit or credit the account(s) set out in Appendix A (or any account(s) opened or maintained with you in the future, including any additional and/or substitute account(s), or accounts re-designated and/or renumbered from time to time (collectively “New Accounts”), provided that such New Accounts have been notified to you in writing and added to Appendix A),
regardless of the amount of money involved and notwithstanding any error or misunderstanding or lack of clarity in the terms of such communication.
You are also requested and authorized to submit the following information to NASDAQ OMX Clearing AB upon NASDAQ OMX Clearing AB’s request; our (i) company name, (ii) company registration number, (iii) address and (iv) account numbers.
In consideration of you acting in accordance with the authority contained in this letter, we undertake to indemnify you and to keep you indemnified against all losses, claims, actions, proceedings, demands, damages, costs and expenses incurred or sustained by you of whatever nature and howsoever arising, provided only that you act in good faith.
This authority shall remain in full force and effect unless and until revoked by us in writing signed by a duly authorized officer. The terms of this letter shall be governed and construed in accordance with the laws of Sweden.
Please acknowledge receipt of this letter and confirmation of acceptance of the instructions and authorizations contained in it by signing the acknowledgement below and delivering a copy to NASDAQ OMX Clearing AB per email to NordicMemberships@nasdaq.com