Common use of Categorization Clause in Contracts

Categorization. 4.1 The Client understands and accepts that each category of Clients has its individual level of regulative protection acknowledging that Retail Clients have the highest level of protection whereas Professional Clients and Eligible Counterparties are considered to be more experienced, informed, skilled and able to estimate their risk, therefore are provided with a lower level of protection. 4.2 The Company will treat the Client as a Retail Client, Professional Client or Eligible Counterparty, depending on how the Client completes the Application Form and according to the method of categorization as this method is explained under the title “Client Categorization”, and by accepting this Agreement the Client accepts application of such method. 4.3 The Client accepts that when categorizing the Client and dealing with him, the Company will rely on the accuracy, completeness and correctness of the information provided by the Client in his Application Form and the Client has the responsibility to immediately notify the Company in writing if such information changes. 4.4 Subject to Applicable Regulations, the Company has the right to review the Client’s Categorization and change his Categorization if this is deemed necessary (subject to Applicable Laws).

Categorization. 4.1 The Client understands and accepts that each category of Clients has its individual level of regulative protection acknowledging that Retail Clients have the highest level of protection whereas Professional Clients and Eligible Counterparties are considered to be more experienced, informed, skilled skilled, and able to estimate their risk, therefore are provided with a lower level of protection. 4.2 The Company will treat the Client as a Retail Client, Professional Client or Eligible Counterparty, depending on how the Client completes the Application Form and according to the method of categorization as this method is explained under the title “Client Categorization”, and by accepting this Agreement the Client accepts the application of such method. 4.3 The Client accepts that when categorizing the Client and dealing with him, the Company will rely on the accuracy, completeness and correctness of the information provided by the Client in his Application Form and the Client has the responsibility to immediately notify the Company in writing if such information changes. 4.4 Subject to Applicable Regulations, the Company has the right to review the Client’s Categorization and change his Categorization if this is deemed necessary (subject to Applicable Laws).