| SECOND SCHEDULE |
| Regulation 27(2) |
| Form 1 |
| COMMODITY FUTURES ACT (CHAPTER 48A) |
| RISK DISCLOSURE STATEMENT REQUIRED TO BE FURNISHED BY A COMMODITY FUTURES BROKER |
| 1. This statement is provided to you in accordance with section 32(1) of the Act. |
2. The intention of this statement is to inform you that the risk of loss in trading commodity futures contracts can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. In considering whether to trade, you should be aware of the following:
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3. This brief statement cannot disclose all the risks and other significant aspects of the community futures market. You should therefore carefully study commodity futures trading before you trade.
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| Section 32 (2) |
| COMMODITY FUTURES ACT (CHAPTER 48A) |
| RISK DISCLOSURE STATEMENT THAT MUST BE PROVIDED TO PARTICIPANTS IN A COMMODITY FUTURES POOL |
| 1. This statement is provided in accordance with section 32(2) of the Act. |
| 2. The intention of this statement is to inform you that the risk of loss in trading commodity futures contracts can be substantial. You should therefore carefully consider whether your financial condition permits you to participate in a commodity futures pool. You may lose a substantial portion or even all of the money you place in the pool. |
| 3. In considering whether to participate in a commodity futures pool, you should be aware that trading commodity futures contracts can quickly lead to large losses as well as gains. Such trading losses can sharply reduce the net asset value of the pool and consequently the value of your interest in the pool. Also, market conditions may make it difficult or impossible for the pool to liquidate a position. |
| 4. In some cases, commodity futures pools are subject to substantial charges for management, advisory and brokerage fees. It may be necessary for those pools that are subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. |
| 5. Foreign markets and off-futures exchange transactions. Funds placed with a commodity futures pool operator for the purpose of participating in foreign markets or off-futures exchange transactions, such as ________________ or ________________ transactions, may not enjoy the same level of protection as funds placed for the purpose of margining commodity futures contracts traded in Commodity Futures Exchanges located in Singapore. |
6. This brief statement cannot disclose all the risks and other significant aspects of participating in a commodity futures pool. You should therefore carefully study commodity futures trading before you decide to participate in a commodity futures pool.
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7. Also, before you decide to participate in this pool, you should note that your potential liability as a participant in this pool for trading losses and other expenses of the pool is not limited to the amount of your contribution for the purchase of an interest in the pool and any profits earned thereon. A complete description of the liability of a participant in this pool is explained more fully in the Disclosure Document provided to you by the pool operator.
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| Section 32 (3) |
| COMMODITY FUTURES ACT (CHAPTER 48A) |
| RISK DISCLOSURE STATEMENT THAT MUST BE FURNISHED BY A COMMODITY FUTURES TRADING ADVISER |
| 1. This statement is provided to you in accordance with section 32(3) of the Act. |
2. The intention of this statement is to inform you that the risk of loss of trading commodity futures contracts can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. In considering whether to trade or to authorise someone else to trade for you, you should be aware of the following:
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