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| In consideration of my admission as an e-Trade Associate of the Diamond Dealers
Club, Inc. ("DDC") the undersigned applicant hereby agrees as follows:
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To be personally responsible for all transactions (he/she conducts personally
and by the corporation or partnership or LLC in which he/she is associated)
with other members and e-Trade Associates of the DDC.
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To be bound and abide by the charter, by-laws, arbitration by-laws and rules
and regulations of the DDC as they now exist, and as they, or any of them, may
be hereafter amended or otherwise changed.
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To arbitrate all claims with other members of the DDC and with other e-Trade
Associates arising out of the diamond, precious stone, and jewelry business in
accordance with the procedures set forth in the DDC arbitration by-laws.
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| The signing of this application by the e-Trade Associates of the DDC shall
constitute the e-Trade Associate's agreement and the agreement of the e-Trade
Associate's corporation and or partnership and LLC in writing under article 75
of the C.P.L.R. to arbitrate all claims with other DDC members and with e-Trade
Associates arising out of the diamond, precious stone, and jewelry business
pursuant to the arbitration by-laws of the DDC in the arbitration tribunals of
the Diamond Dealers Club, Inc. |
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| The applicant represents and warrants that all of the above answers to
questions and accompanying documents are true and accurate. Applicant
acknowledges that misstatements or omissions of information may lead to
termination of e-Trade Associate status. Applicant will inform DDC in writing
of any change in address, business affiliation, bank and insurance. The
applicant understands that he/she is not applying for membership in the DDC.
Any violation of the rules of use of the DDC platform shall result in the
violator's immediate suspension from the platform. |
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| Note: to be given consideration by the admissions committee, completed
application must be accompanied by annual fee for one year, and applicant's
photograph. The DDC has the right to request credit checks on all applicants. |
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| Applicant's signature and date: |
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| Categories of E-Trade Associates |
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| "Retail Store e-Traders" are storeowners who operate and maintain a retail
store. Any person using the password for the retail store shall be deemed to
have the authority to purchase for the ownership of the store. Retail Store
e-Traders can search the DDC database of inventories, post buy requests, post
diamonds or jewelry that they have for sale on a bulletin board, use all other
areas outside of DDC Trading Platform. They will have to abide by the rules and
regulations of the DDC and arbitrate with the DDC members and other e-Traders
concerning any claim arising out of the website and on-line trading platform. |
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| "Bourse e-Traders" are current World Federation of Diamond Bourses members who
will have access that will allow them to post their inventory on the Trading
Platform, place their buy requests in the "View Buy" area, and post goods for
sale on the "View Diamond Sales" area. Bourse e-Traders may also view requests
to buy posted by Full Members. |
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| "Industry e-Traders" are wholesalers, brokers, and/or manufacturers with an
office in operation in the United States for at least 2 years. These e-Trade
Associates of the DDC will have full access to all areas of the Trading
Platform. Industry e-Traders must abide by the rules and regulations of the DDC
and must arbitrate with the DDC with other DDC members and e-Traders concerning
any claims arising out of the website and on-line trading platform. |
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