Common use of Information Collection Clause in Contracts

Information Collection. MTC have certain responsibilities under various laws to verify the identity of clients and may need to make certain enquiries and obtain certain information from you for that purpose. The Client confirms that all information supplied will be accurate and consents to us passing on such information as we consider necessary to comply with any reporting requirements. On application, MTC will collect personal and financial information. While there is no obligation to provide such details, this may mean that an application is declined. Once an application is accepted, MTC will provide the Client with a user name and password, which is used for statistical and security purposes. During the term of this Agreement we continue to collect information, this includes records of all transactions and activities on the Client Account including details of Contracts entered into and margin calls made. From time to time, MTC may collect additional personal information from the Client in connection with optional surveys, news updates or promotions. Providing this information is optional. Feedback from surveys will be used to improve our Services.