Common use of General Commitments Clause in Contracts

General Commitments. 6.1 The Customer agrees to authorize FPTS, on his/her behalf, to perform the transfer, withdrawal, blockade and release of assets in the Derivative Trading Account to make deposit, clearing payment, position loss payment, maturity payment, repayment to cash advance given by FPTS, interest, fee, tax and other financial obligations of the Customer to FPTS and/or to competent authorities. 6.2 The Customer confirms that he/she has been consulted and clearly explained by FPTS about risks that may arise from performing derivative trading and agrees to accept such risks. The customer also confirms that he/she has been explained and comprehended regulations and methods of derivative trading announced by FPTS. 6.3 The Customer assures FPTS that all information provided to FPTS is true and accurate in all aspects. The Customer is obliged to provide FPTS with his/her latest personal information and/or contact information. FPTS bears no responsibility if the Customer does not provide FPTS with any changes to his/her personal information and/or contact information in a timely manner. 6.4 The Customer agrees to allow FPTS to provide his/her personal information and transaction information to any competent authority in accordance with the Vietnamese law.