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Document Checklist:
















How to open an account

We have two Account Opening forms:
  • Personal Clients
  • Company Clients
Please select and complete the appropriate form.

Trusts and charities should use the Company form.

Please send your completed application form together with all other documents to: Israel Discount Bank Ltd, Compliance Dept., Nightingale House, 65 Curzon Street, London W1J 8PE, United Kingdom.

Ensure that you download our . These govern the contract between us, and set out our obligations to each other. Our standard charges are attached to this document.






How to complete our form

We require certain information about you.

Please tell us on page 2 what level of services you require. We offer execution only securities trading, investment advice and discretionary portfolio management. This last of these is provided in association with a third party.

Customers who are not UK resident and who wish to receive gross interest on any bank deposits with us should download and complete a . If you intend to deal in US securities, please download and complete a (or if you are a US citizen). If you wish to buy mutual funds, you should receive an declaration. If you wish to deal in derivatives, you should read and complete the declaration in schedule 3 of the Terms of Business.






Personal details

We must know your full name, or company name and details about its owners and directors. We must also know your permanent address, but if you wish, we can communicate with you at another address, or offer a ‘hold mail’ service.

Please advise us on page 4 the likely transaction size. You will not be restricted to this, but this information will help us to tailor services to your needs.

We will automatically open a bank account for settlement of transactions. You may also request other bank accounts using this same form.

We will send bank account statements as you request and to the address you indicate on page 3.






Advisory services

Only complete part 2 if you need investment advice. The information we collect here allows us to provide advice which is suitable to your expectations, balancing risk and reward and in accordance with your preferred maturities.






Declaration

All parties to the account should sign and date. Joint account holders should specify signing powers, bearing in mind that all parties to the account are committed to any instruction authorised under this declaration.

You can choose not to receive unsolicited marketing by ticking the appropriate box.

The form allows a third party, such as a solicitor or accountant, to sign and to provide instructions by fax or e-mail.






Verification of identification

Identification consists of two stages:
  • verification of name
  • knowledge about the customer
IDB London allows some flexibility in the documentation required for verifying name, but we expect a high level of understanding about the nature of a customer’s business. In our discussions with you we will ask for background. Please expect us to ask about

  • the nature of your business
  • source of wealth
  • reasons for opening an account in London
  • likely size of transactions





Personal customers

The requirements for this document are minimum benchmarks, and further information may be requested. Please send us evidence of

  • full name, and either
  • residential address, or
  • date of birth
using documents from the list.





Companies

For well known companies, such as those quoted on a stock exchange, less documentation is needed. For private companies or incorporated off-shore companies with bearer shares, we require information on directors and controllers. Please send us evidence of

  • full name
  • registration number
  • registered office in country of incorporation
  • business address
  • names of main directors
  • names of controllers (25% plus)





Customers introduced from the IDB Group

We may not accept customers on the basis of an IDB Group letter of introduction alone. However, any information will assist us in the formalities of opening an account.

Document Checklist

PERSONAL CUSTOMERS

One certified copy of any of the following (with/without photograph):
  • Passport
  • National Identity Card
  • Driving Licence, and
One certified copy of the following (no older than 3 months):
  • Tax document
  • Public sector document
  • Utility Bill
  • EU bank statement.
OFFSHORE BEARER COMPANIES OR TRUSTS

  • One copy from the following:
  • Certificate of Incorporation or trust document, and
Both of the following:
  • Personal identification of controller and main directors
  • Confirmation from local solicitor of beneficial control and undertaking to notify of any change.
EU / ISRAELI PUBLIC QUOTED COMPANY

One copy of any of the following:
  • Certificate of Incorporation
  • Companies House search
  • Stock market listing
  • Evidence of Government regulation
UNQUOTED PLC OR PRIVATE COMPANIES

One copy from any of the following:
  • Certificate of Incorporation Companies House search, and
One copy from any of the following:
  • Audited accounts
  • Letter from Solicitor or Accountant (providing evidence of group membership)
  • Personal identification of controllers and main directors




SUBSIDIARY OF EU / ISRAELI PUBLIC QUOTED COMPANY

One copy of parent identification, and

One copy from any of the following (providing evidence of group membership):

  • Audited accounts
  • Letter from Solicitor or Accountant.
Certification

Please provide copies of originals date-stamped and certified by your local representative, or another bank, or registered professionals such as accountants and solicitors.

We cannot accept responsibility for any originals sent through the post.


For further information, call IDB London Compliance Department:
tel: +44 20 7408 4943 or e-mail






 
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