FORM 1E
VISION L.P.
AUTOMATIC TERMINATION AND REVOCATION OF
DISCRETIONARY TRADING AUTHORITY
In the event my account(s) with VISION L.P. ("VISION") is(are) closed for any reason, VISION is authorized to consider this my letter of revocation of discretionary trading authority required by the rules of the various contract markets.
DATE: _________________
(Customer Signature) X ______________________________________
(Customer Signature) X______________________________________
RULES GOVERNING TRADING AUTHORITY
Dear Customer:
We have received a document by which you have granted trading authority or control over your commodity account carried by us to:
We are required by Exchange Rules to bring the following to your attention:
Since the risk factor is high in futures trading, only genuine "risk" funds should be used in such trading. A person who does not have extra capital he can afford to lose should not trade in the futures market. No "safe" trading system has ever been devised and no one can guarantee you profits or freedom from loss. In fact, no one can even guarantee to limit the extent of your loss.
Even though you have granted trading authority to another, you should keep posted on what is going on in your account. We shall send you a confirmation of every trade made for your account and a profit and loss statement showing the financial results of each transaction closed out for your account. In addition, we shall send you monthly statements showing your ledger balance, the exact position in your account, the net profit or loss in all contracts closed since the date of your last previous statement, and the new unrealized profit and loss in all open contracts figured to the market. You should carefully review these statements. If you have any questions, call us.
The trading authorization over your account remains in effect until revoked in writing by you. If, for any reason, you wish to revoke this trading authorization which you have given, please bear this procedure in mind.
I hereby agree to follow the required rules.
DATE: _____________________
(Customer Signature) X__________________________________
(Customer Signature) X__________________________________
Rev. April, 1995