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Refined Soy Oil Product Note Appendix CHAPTER 1 — TRADING PARAMETERS ................................................................. 2 Authority ......................................................................................................
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What is 2 authority?
2 authority refers to the legal permission granted to an individual or organization to act on behalf of another party.
Who is required to file 2 authority?
Individuals or organizations who have been designated as agents or representatives by another party may be required to file 2 authority.
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To fill out 2 authority, the designated agent or representative must provide information about themselves, the party they are representing, and details of the authorization.
What is the purpose of 2 authority?
The purpose of 2 authority is to formally grant permission for an agent or representative to act on behalf of another party in specific situations.
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Information such as the name and contact details of the agent, the name of the party being represented, the scope of authority granted, and the duration of the authorization must be reported on 2 authority.
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