Authority to Trade. 30.1. You hereby authorise us to act on any instruction given or appearing to be given by you on the Trading Platform via the use of your Account Credentials.
30.2. We shall be entitled, and you hereby authorise us, to rely upon any oral, electronic or written communication or instruction received from you. You agree that:
(a) once logged on to the Trading Platform following entry of the Account Credentials, we are authorised to act upon instructions without enquiring as to the validity of the instructions and to consider the instructions of like force and effect as written orders made by you;
(b) following log-in to the Trading platform, nothing in this paragraph will oblige us to verify the validity of each instruction or the signatures prior to every trade; and
(c) you shall bear the risk of all instructions, whether authorised, unauthorised, improper or fraudulent, even if it transpires such instructions were provided without your authority. You shall indemnify us against and save us harmless from all losses, costs, fees, damages, expenses, claims, suits, demands and liabilities whatsoever that we may suffer or incur or that may be brought against us, in any way relating to or arising out of our acting upon, delay in acting upon or refusal to act upon any such instructions or information.
30.3. Without derogating from the above, we will not be under any duty to act in accordance with any instruction if we reasonably believe that:
(a) the person who provided such an instruction was acting in excess of his authority;
(b) acting upon such an instruction would infringe any law, rule, regulation or the Agreement; or
(c) in the event that we have accepted an offer to perform a Transaction that we later suspect falls within points (a) and (b) hereunder this paragraph 30.3, we may, in our absolute discretion, either close such a Transaction at the then prevailing price quoted on the Trading Platform or treat the Transaction as having been void from the outset. Nothing in this paragraph shall be construed as an obligation on our part to inquire about the authority of any person who purports to represent you.
30.4. Any offer to open or close a Transaction (including an Order) must be made by you through the Trading Platform only, or via phone subject to conditions of paragraph 32.2 of this Agreement. Written offers to open or close a Transaction, including offers sent by fax, email or text message will not be accepted.
30.5. If we receive an offer to open or clo...
Authority to Trade. 15.1. You hereby authorize us to act on any instruction given or appearing to be given by you on the Trading Platform, where there is reasonable believe that any of those actions were taken and/or instructions were given by you.
15.2. We shall be entitled, and you hereby authorize us, to rely upon any oral, electronic or written communication or instruction received from you. You agree that:
(a) once logged on to the Trading Platform following entry of the Access Codes, we are authorized to act upon instructions without enquiring as to the validity of the instructions and to consider the instructions of like force and effect as written orders made by you;
Authority to Trade. 15.1. You hereby authorize us to act on any instruction given or appearing to be given by you on the Trading Platform, where there is reasonable believe that any of those actions were taken and/or instructions were given by you.
15.2. We shall be entitled, and you hereby authorize us, to rely upon any oral, electronic or written communication or instruction received from you. You agree that:
Authority to Trade. 39.1. The Client The Client hereby authorize us to act on any instruction given or appearing to be given by the Client on the Trading Platform via the use of the Client’s Account Credentials.
39.2. The Company shall be entitled, and the Client hereby authorize us, to rely upon any oral, electronic or written communication or instruction received from the Client. The Client agree that:
39.2.1. once logged on to the Trading Platform following entry of the Account Credentials, the Company authorized to act upon instructions without enquiring as to the validity of the instructions and to consider the instructions of like force and effect as written orders made by the Client;
39.2.2. following log-in to the Trading platform, nothing in this paragraph will oblige the Company to verify the validity of each instruction or the signatures prior to every trade; and
39.2.3. the Client shall bear the risk of all instructions, whether authorized, unauthorized, improper or fraudulent, even if it transpires such instructions were provided without the Client’s authority. The Client shall indemnify us against and save us harmless from all losses, costs, fees, damages, expenses, claims, suits, demands and liabilities whatsoever that The Company may suffer or incur or that may be brought against it, in any way relating to or arising out of the Company’s to act upon, delay to act upon or refusal to act upon any such instructions or information.
39.3. Without derogating from the above, the Company will not be under any duty to act in accordance with any instruction if it reasonably believes that:
39.3.1. the person who provided such an instruction was acting in excess of its authority;
39.3.2. acting upon such an instruction would infringe any law, rule, regulation or the Client Agreements; or
39.3.3. in the event that the Company accepted an offer to perform a Transaction that it later suspects that falls within points (a) and (b) hereunder under Paragraph 39.3.2, it may, in its absolute discretion, either close such a Transaction at the then prevailing price quoted on the Trading Platform or treat the Transaction as having been void from the outset. Nothing in this paragraph shall be construed as an obligation on the Company’s part to inquire about the authority of any person who purports to represent the Client.
39.4. Any offer to open or close a Transaction (including an Order) must be made by the Client through the Trading Platform only subject to conditions of Paragraph 3...
Authority to Trade. Customer represents that: (i) it is authorized to enter into transactions in futures and options on futures contracts and to execute this Agreement and perform its obligations, and has taken all necessary action to authorize such execution and performance; (ii) Customer has obtained all authorizations of any governmental body required in connection with this Agreement and such authorizations are in full force and effect; and (iii) the execution, delivery and performance of this Agreement and any such transaction Customer may enter into will not violate any law, ordinance, charter, by-law, regulation or rule applicable to it or any agreement by which it is bound or by which any of its assets are affected. Upon the execution of any transaction by HSBC on Customer’s behalf, Customer shall be deemed to repeat all the foregoing representations. Customer and each person signing this Agreement on Customer’s behalf warrant that they are authorized to sign this agreement; that the representations in this paragraph are true; and that no information appearing on page 3-4 of this document is misstated.
Authority to Trade. Each time you enter into a trade you agree to repeat the following conditions:
5.1 You are not an employee of any Exchange, a corporation in which any Exchange owns a majority of the capital stock, a member of any Exchange and/or firm registered on any Exchange or any bank, trust or insurance company that trades in CFDs;
5.2 You will not enter into any Transaction which falls within the definition of Market Abuse. You are reminded that this applies to all forms of Market Abuse such as xxxxxxx xxxxxxx (an abusive exploitation of privileged confidential information), the misuse of information and directors trading in shares of their own companies; in such circumstances, we reserve the rights to void / cancel part/all your abusive trading transactions, close all and any of your Trading Accounts and terminate the agreement.
5.3 You will not enter into any Transaction which falls within the definition of Scalping or automated data entry system. Such Transactions will only be permitted with our prior written consent. Accordingly, a significant number of transactions with short duration may be deemed as abusive trading and will not be allowed; in such circumstances, we reserve the rights to void/cancel part/all your abusive trading transactions, close all and any of your Trading Accounts and terminate the Agreement.
5.4 You will not use the Trading Platform in an abusive way by lag trading and/or usage of server latency, price manipulation, time manipulation and similar arbitrage practices. In such a case, we reserve the rights to void/cancel part/all your abusive trading transactions, close all and any of your Trading Accounts and terminate the Agreement.
5.5 You will not enter into transactions or combinations of transactions such as holding long and short positions in the same or similar instruments at similar times either by you or by you Acting in Concert with others, possibly Connected Accounts, which taken together or separately are for the purpose of manipulating the Trading Platform for gain. Such activity shall be subject to our right to seek reimbursement by equalization from you or any of the Connected Accounts. In such a case, we also reserve the right to close all and any of your Trading Accounts and terminate the Agreement.
5.6 The execution, delivery and performance of the Agreement and your use of the Trading Platform including each Transaction you complete thereto will not violate any law, ordinance, charter, by-law or rule applicable to you, in...
Authority to Trade. FURTHER RESOLVED, that the names, titles and signatures of each person authorized to buy and sell Contracts and otherwise act on behalf of the Customer pursuant to the terms of the Customer Agreement are as follows: and that BNP Paribas may absolutely rely on all instructions, whether verbal or written, received by it from the above-named individuals, or any other persons with apparent authority, with respect to any of the transactions referred to above without further inquiry until it receives written notice of a change from the Customer. IN WITNESS WHEREOF, I have hereunto set my hand as of , 20 . In consideration of BNP Paribas Prime Brokerage, Inc. (“BNP Paribas”), carrying one or more accounts (each, an “Account”) in commodity interests, including commodities, commodity futures contracts and related options (collectively, “Contracts”), in the name of BNP Paribas S&P Dynamic Roll Global Commodities Fund (the “Customer”), duly organized and existing under the laws of the State of Delaware, of which the undersigned is a trustee, the undersigned represents and certifies to BNP Paribas that:
(i) the undersigned has the power arid authority under the trust agreement of the Customer and applicable law to enter into all transactions, including purchases and sales of any Contracts, deliver any documents necessary to open and maintain an Account and otherwise act on behalf of the Customer pursuant to the terms of the Customer Agreement.
(ii) the names, titles and signatures of each person authorized to buy and sell Contracts and otherwise act on behalf of the Customer pursuant to die terms of the Customer Agreement arc as follows: LUDOVIC BLACHEZ Managing Director /S/ LUDOVIC BLACHEZ XXXX XXXXX Managing Director /S/ XXXX XXXXX
(iii) BNP Paribas may absolutely rely on all instructions, whether verbal or written, received by it from any of the above-named individuals, the undersigned, or any other persons with apparent authority, with respect to any of the transactions referred to above without further inquiry until it receives written notice of a change from the Customer. The undersigned further authorizes BNP Paribas, in the event of the termination of the Customer, to lake such actions, require such documentation, retain such portion of or restrict transactions in any Account as BNP Paribas may deem advisable to protect BNP Paribas against any liability, penalty or loss under any present or future law or otherwise. It is further agreed that in the event of the...
