Common use of Client Money Standing Authority Clause in Contracts

Client Money Standing Authority. 26.1 In regards to 《 Standing Authority for Fund Withdrawal 》 , the Client authorizes WLSL for fund withdrawal from any independently opened cash securities account/margin securities account/futures account/internet trading account of the Client at WLSL in accordance to the Securities and Futures (Client Money) Rules, and deposit into the bank account(s) designated by the Client without any prior notice or confirmation and/or instructions obtained from the Client. 26.2 Regarding 《 Standing Authority for Internal Fund Transfer 》 , the Client authorizes WLSL for unrestricted transfer of all or part of the fund in between any independently opened cash securities account/margin account/futures account/internet trading account of the Client at WLSL in accordance with the Securities and Futures (Client Money) and (Client Securities) Rules, without giving the Client any notice or obtaining confirmation and/or instructions from the Client in advance. 26.3 In relation to 《 Margin Clients Standing Authority for Collateral 》 , the Client authorizes the following instructions from WLSL in order to obtain financial accommodation from WLSL without notifying the Client: (1) use any securities purchased or held by the Client in WLSL or held on behalf of the Client from time to time, as well as the Securities collateral deposited by the Client in any accounts opened at WLSL and any other collateral approved by WLSL (“the Securities"); (2) deposit any such securities of the Client in an authorized financial institution as collateral for the financial accommodation provided by WLSL; or (3) depositing any such securities of the Client in a recognized clearing house or another intermediary who is licensed or registered to conduct securities transactions as a way to release and settle the WLSL’s obligation of settlement and WLSL’s legal liability; (4) to authorize WLSL to pool such securities of the Clients with the Securities of others and deposit them as collateral for loans or advances. The Securities of the Client may therefore be subject to the rights of a third party and WLSL must fully compensate for these rights before returning Client with their Securities, which may increase the Client’s risk exposure on such securities. 26.4 The Client Money Standing Authority covers money held or received by WLSL in Hong Kong (including any interest derived from the holding of the money) in one or more segregated account(s) on the Client’s behalf (“Monies”). 26.5 In order to fully utilize the services provided by WLSL, including access to trading in different investment products in different jurisdictions, and in multiple currencies, where WLSL may lend money in one currency, which is secured by collateral held by WLSL in another currency and, to the extent that the Client account(s) may from time to time hold cash credit balances deposited in Hong Kong (in Hong Kong dollars and/or Chinese Yuan Renminbi and/or US dollar) and simultaneous cash debit balances in any other currency or currencies, the Client authorizes WLSL to: (1) transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time with WLSL, WLAML and WLSL’s Associates, outside of Hong Kong (in Macau or in the jurisdiction of WLSL’s Associates) and to maintain such Monies (or their currency equivalents) in accordance with the rules and regulations governing the custody of client money in that jurisdiction; and/or (2) combine or consolidate or net off any or all segregated accounts, of any nature whatsoever and either individually or jointly with others, maintained by WLSL,WLAML and WLSL’s Associates from time to time and WLSL may transfer any sum of Monies to and between such segregated account(s) of the Client to satisfy the Client’s obligations or liabilities to WLSL,WLAML and WLSL’s Associates, whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several: and 26.6 The Client acknowledges and agrees that WLSL may do any of the things mentioned in Clause 26.5 without giving the Client notice. 26.7 The Client Money Standing Authority is given without prejudice to other authorities or rights which WLSL, WLAML and WLSL’s Associates may have in relation to dealing in Monies in the segregated account. 26.8 The Client Money Standing Authority shall be valid for a period of 12 months from the date of this Agreement, subject to renewal by the Client or deemed renewal under the Client Money Rules as referred to in Clause 26.10. 26.9 The Client Money Standing Authority may be revoked by giving WLSL written notice addressed to WLSL at WLSL address specified in the Agreement or such other address which WLSL may notify the Client in writing for this purpose. Such notice shall take effect upon the expiry of 14 days from the date of WLSL’s actual receipt of such notice. 26.10 The Client understands that the Client Money Standing authority shall be deemed to be renewed on a continuing basis without the Client’s written consent if WLSL issues the Client a written reminder at least 14 days prior to the expiry date of the Client Money Standing Authority, and the Client does not object to such deemed renewal before such expiry date.

Client Money Standing Authority. 26.1 In regards to 《 Standing Authority for Fund Withdrawal 》 , the Client authorizes WLSL for fund withdrawal from any independently opened cash securities account/margin securities account/futures account/internet trading account of the Client at WLSL in accordance to the Securities and Futures (Client Money) Rules, and deposit into the bank account(s) designated by the Client without any prior notice or confirmation and/or instructions obtained from the Client. 26.2 Regarding 《 Standing Authority for Internal Fund Transfer 》 , the Client authorizes WLSL for unrestricted transfer of all or part of the fund in between any independently opened cash securities account/margin account/futures account/internet trading account of the Client at WLSL in accordance with the Securities and Futures (Client Money) and (Client Securities) Rules, without giving the Client any notice or obtaining confirmation and/or instructions from the Client in advance. 26.3 In relation to 《 Margin Clients Standing Authority for Collateral 》 , the Client authorizes the following instructions from WLSL in order to obtain financial accommodation from WLSL without notifying the Client: (1) use any securities purchased or held by the Client in WLSL or held on behalf of the Client from time to time, as well as the Securities collateral deposited by the Client in any accounts opened at WLSL and any other collateral approved by WLSL (“the Securities"); (2) deposit any such securities of the Client in an authorized financial institution as collateral for the financial accommodation provided by WLSL; or (3) depositing any such securities of the Client in a recognized clearing house or another intermediary who is licensed or registered to conduct securities transactions as a way to release and settle the WLSL’s obligation of settlement and WLSL’s legal liability; (4) to authorize WLSL to pool such securities of the Clients with the Securities of others and deposit them as collateral for loans or advances. The Securities of the Client may therefore be subject to the rights of a third party and WLSL must fully compensate for these rights before returning Client with their Securities, which may increase the Client’s risk exposure on such securities. 26.4 The Client Money Standing Authority covers money held or received by WLSL in Hong Kong (including any interest derived from the holding of the money) in one or more segregated account(s) on the Client’s behalf (“Monies”). 26.5 In order to fully utilize the services provided by WLSL, including access to trading in different investment products in different jurisdictions, and in multiple currencies, where WLSL may lend money in one currency, which is secured by collateral held by WLSL in another currency and, to the extent that the Client account(s) may from time to time hold cash credit balances deposited in Hong Kong (in Hong Kong dollars and/or Chinese Yuan Renminbi and/or US dollar) and simultaneous cash debit balances in any other currency or currencies, the Client authorizes WLSL to: (1) transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time with WLSL, WLAML and WLSL’s Associates, outside of Hong Kong (in Macau or in the jurisdiction of WLSL’s Associates) and to maintain such Monies (or their currency equivalents) in accordance with the rules and regulations governing the custody of client money in that jurisdiction; and/or (2) combine or consolidate or net off any or all segregated accounts, of any nature whatsoever and either individually or jointly with others, maintained by WLSL,WLAML and WLSL’s Associates from time to time and WLSL may transfer any sum of Monies or rolling balance to and between such segregated account(s) of the Client to satisfy the Client’s obligations or liabilities to WLSL,WLAML and WLSL’s Associates, whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several: and 26.6 The Client acknowledges and agrees that WLSL may do any of the things mentioned in Clause 26.5 without giving the Client notice. 26.7 The Client Money Standing Authority is given without prejudice to other authorities or rights which WLSL, WLAML and WLSL’s Associates may have in relation to dealing in Monies in the segregated account. 26.8 The Client Money Standing Authority shall be valid for a period of 12 months from the date of this Agreement, subject to renewal by the Client or deemed renewal under the Client Money Rules as referred to in Clause 26.10. 26.9 The Client Money Standing Authority may be revoked by giving WLSL written notice addressed to WLSL at WLSL address specified in the Agreement or such other address which WLSL may notify the Client in writing for this purpose. Such notice shall take effect upon the expiry of 14 days from the date of WLSL’s actual receipt of such notice. 26.10 The Client understands that the Client Money Standing authority shall be deemed to be renewed on a continuing basis without the Client’s written consent if WLSL issues the Client a written reminder at least 14 days prior to the expiry date of the Client Money Standing Authority, and the Client does not object to such deemed renewal before such expiry date.

Client Money Standing Authority. 26.1 The Client Money Standing Authority covers money held or received by WLIS in Hong Kong (including any interest derived from the holding of the money) in one or more segregated account(s) on the Client’s behalf (“Monies”). 26.2 In regards to 《 Standing to《Standing Authority for Fund Withdrawal 》 Withdrawal》, the Client authorizes WLSL WLIS for fund withdrawal from any independently opened cash securities account/margin securities account/futures account/internet trading account of the Client at WLSL WLIS in accordance to the Securities and Futures (Client Money) Rules, and deposit into the bank account(s) designated by the Client without any prior notice or confirmation and/or instructions obtained from the Client. 26.2 Regarding 《 Standing 26.3 Regarding《Standing Authority for Internal Transfer of Fund Transfer 》 and Securities》, the Client authorizes WLSL WLIS for unrestricted transfer of all or part of the fund and securities in between any independently opened cash securities account/margin account/futures account/internet trading account of the Client at WLSL WLIS in accordance with the Securities and Futures (Client Money) and (Client Securities) Rules, without giving the Client any notice or obtaining confirmation and/or instructions from the Client in advance. 26.3 In relation to 《 Margin Clients Standing Authority for Collateral 》 , the Client authorizes the following instructions from WLSL in order to obtain financial accommodation from WLSL without notifying the Client: (1) use any securities purchased or held by the Client in WLSL or held on behalf of the Client from time to time, as well as the Securities collateral deposited by the Client in any accounts opened at WLSL and any other collateral approved by WLSL (“the Securities"); (2) deposit any such securities of the Client in an authorized financial institution as collateral for the financial accommodation provided by WLSL; or (3) depositing any such securities of the Client in a recognized clearing house or another intermediary who is licensed or registered to conduct securities transactions as a way to release and settle the WLSL’s obligation of settlement and WLSL’s legal liability; (4) to authorize WLSL to pool such securities of the Clients with the Securities of others and deposit them as collateral for loans or advances. The Securities of the Client may therefore be subject to the rights of a third party and WLSL must fully compensate for these rights before returning Client with their Securities, which may increase the Client’s risk exposure on such securities. 26.4 The Client Money Standing Authority covers money held or received by WLSL in Hong Kong (including any interest derived from the holding of the money) in one or more segregated account(s) on the Client’s behalf (“Monies”). 26.5 In order to fully utilize the services provided by WLSLWLIS, including access to trading in different investment products in different jurisdictions, and in multiple currencies, where WLSL WLIS may lend money in one currency, which is secured by collateral held by WLSL WLIS in another currency and, to the extent that the Client account(s) may from time to time hold cash credit balances deposited in Hong Kong (in Hong Kong dollars and/or Chinese Yuan Renminbi and/or US dollar) and simultaneous cash debit balances in any other currency or currencies, the Client authorizes WLSL WLIS to: (1) transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time with WLSLWLIS, WLAML WLIS’s Associates and WLSL’s Associates, its agent broker(s) and/or clearing agent(s) in Hong Kong or outside of Hong Kong (in Macau or in the jurisdiction of WLSLWLIS’s Associates) ), and to maintain such Monies (or their currency equivalents) in accordance with the rules and regulations governing the custody of client money in that jurisdiction; and/or (2) combine or consolidate or net off any or all segregated accounts, of any nature whatsoever and either individually or jointly with others, maintained by WLSL,WLAML WLIS, its Associates and WLSL’s Associates its agent broker(s) and/or clearing agent(s) from time to time and WLSL WLIS may transfer any sum of Monies or rolling balance to and between such segregated account(s) of the Client to satisfy the Client’s obligations or liabilities to WLSL,WLAML WLIS, its Associates and WLSL’s Associatesits agent broker(s) and/or clearing agent(s), whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several: and; and when such sum of Monies or rolling balance are being transferred to make up the short margin amount to avoid forced liquidation, the Client may not have the opportunity to decide whether to continue bearing the market risk by holding onto their investment position or to stop loss by settling their investment position. 26.6 26.5 The Client acknowledges and agrees that WLSL XXXX may do any of the things mentioned in Clause 26.5 26.4 without giving the Client notice. 26.7 26.6 The Client Money Standing Authority is given without prejudice to other authorities or rights which WLSLWLIS, WLAML its Associates and WLSL’s Associates its agent broker(s) and/or clearing agent(s) may have in relation to dealing in Monies in the segregated account. 26.8 26.7 The Client Money Standing Authority shall be valid for a period of 12 months from the date of this Agreement, subject to renewal by the Client or deemed renewal under the Client Money Rules as referred to in Clause 26.10. 26.9 26.8 The Client Money Standing Authority may be revoked by giving WLSL WLIS written notice addressed to WLSL WLIS at WLSL WLIS address specified in the Agreement or such other address which WLSL WLIS may notify the Client in writing for this purpose. Such notice shall take effect upon the expiry of 14 days from the date of WLSLWLIS’s actual receipt of such notice. 26.10 26.9 The Client understands that the Client Money Standing authority shall be deemed to be renewed on a continuing basis without the Client’s written consent if WLSL WLIS issues the Client a written reminder at least 14 days prior to the expiry date of the Client Money Standing Authority, and the Client does not object to such deemed renewal before such expiry date.

Client Money Standing Authority. 26.1 The Client Money Standing Authority covers money held or received by WLSL in Hong Kong (including any interest derived from the holding of the money) in one or more segregated account(s) on the Client’s behalf (“Monies”). 26.2 In regards to 《 Standing to《Standing Authority for Fund Withdrawal 》 Withdrawal》, the Client authorizes WLSL for fund withdrawal from any independently opened cash securities account/margin securities account/futures account/internet trading account of the Client at WLSL in accordance to the Securities and Futures (Client Money) Rules, and deposit into the bank account(s) designated by the Client without any prior notice or confirmation and/or instructions obtained from the Client. 26.2 Regarding 《 Standing 26.3 Regarding《Standing Authority for Internal Transfer of Fund Transfer 》 and Securities》, the Client authorizes WLSL for unrestricted transfer of all or part of the fund and securities in between any independently opened cash securities account/margin account/futures account/internet trading account of the Client at WLSL in accordance with the Securities and Futures (Client Money) and (Client Securities) Rules, without giving the Client any notice or obtaining confirmation and/or instructions from the Client in advance. 26.3 In relation to 《 Margin Clients Standing Authority for Collateral 》 , the Client authorizes the following instructions from WLSL in order to obtain financial accommodation from WLSL without notifying the Client: (1) use any securities purchased or held by the Client in WLSL or held on behalf of the Client from time to time, as well as the Securities collateral deposited by the Client in any accounts opened at WLSL and any other collateral approved by WLSL (“the Securities"); (2) deposit any such securities of the Client in an authorized financial institution as collateral for the financial accommodation provided by WLSL; or (3) depositing any such securities of the Client in a recognized clearing house or another intermediary who is licensed or registered to conduct securities transactions as a way to release and settle the WLSL’s obligation of settlement and WLSL’s legal liability; (4) to authorize WLSL to pool such securities of the Clients with the Securities of others and deposit them as collateral for loans or advances. The Securities of the Client may therefore be subject to the rights of a third party and WLSL must fully compensate for these rights before returning Client with their Securities, which may increase the Client’s risk exposure on such securities. 26.4 The Client Money Standing Authority covers money held or received by WLSL in Hong Kong (including any interest derived from the holding of the money) in one or more segregated account(s) on the Client’s behalf (“Monies”). 26.5 In order to fully utilize the services provided by WLSL, including access to trading in different investment products in different jurisdictions, and in multiple currencies, where WLSL may lend money in one currency, which is secured by collateral held by WLSL in another currency and, to the extent that the Client account(s) may from time to time hold cash credit balances deposited in Hong Kong (in Hong Kong dollars and/or Chinese Yuan Renminbi and/or US dollar) and simultaneous cash debit balances in any other currency or currencies, the Client authorizes WLSL to: (1) transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time with WLSL, WLAML and ,WLSL’s Associates, Associates and its agent broker(s) and/or clearing agent(s) in Hong Kong or outside of Hong Kong (in Macau or in the jurisdiction of WLSL’s Associates) ), and to maintain such Monies (or their currency equivalents) in accordance with the rules and regulations governing the custody of client money in that jurisdiction; and/or (2) combine or consolidate or net off any or all segregated accounts, of any nature whatsoever and either individually or jointly with others, maintained by WLSL,WLAML , its Associates and WLSL’s Associates its agent broker(s) and/or clearing agent(s) from time to time and WLSL may transfer any sum of Monies or rolling balance to and between such segregated account(s) of the Client to satisfy the Client’s obligations or liabilities to WLSL,WLAML , its Associates and WLSL’s Associatesits agent broker(s) and/or clearing agent(s), whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several: and 26.6 26.5 The Client acknowledges and agrees that WLSL may do any of the things mentioned in Clause 26.5 26.4 without giving the Client notice. 26.7 26.6 The Client Money Standing Authority is given without prejudice to other authorities or rights which WLSL, WLAML its Associates and WLSL’s Associates its agent broker(s) and/or clearing agent(s) may have in relation to dealing in Monies in the segregated account. 26.8 26.7 The Client Money Standing Authority shall be valid for a period of 12 months from the date of this Agreement, subject to renewal by the Client or deemed renewal under the Client Money Rules as referred to in Clause 26.10. 26.9 26.8 The Client Money Standing Authority may be revoked by giving WLSL written notice addressed to WLSL at WLSL address specified in the Agreement or such other address which WLSL may notify the Client in writing for this purpose. Such notice shall take effect upon the expiry of 14 days from the date of WLSL’s actual receipt of such notice. 26.10 26.9 The Client understands that the Client Money Standing authority shall be deemed to be renewed on a continuing basis without the Client’s written consent if WLSL issues the Client a written reminder at least 14 days prior to the expiry date of the Client Money Standing Authority, and the Client does not object to such deemed renewal before such expiry date.

Client Money Standing Authority. 26.1 In regards to 《 Standing to《Standing Authority for Fund Withdrawal 》 Withdrawal》, the Client authorizes WLSL for fund withdrawal from any independently opened cash securities account/margin securities account/futures account/internet trading account of the Client at WLSL in accordance to the Securities and Futures (Client Money) Rules, and deposit into the bank account(s) designated by the Client without any prior notice or confirmation and/or instructions obtained from the Client. 26.2 Regarding 《 Standing Regarding《Standing Authority for Internal Fund Transfer 》 Transfer》, the Client authorizes WLSL for unrestricted transfer of all or part of the fund in between any independently opened cash securities account/margin account/futures account/internet trading account of the Client at WLSL in accordance with the Securities and Futures (Client Money) and (Client Securities) Rules, without giving the Client any notice or obtaining confirmation and/or instructions from the Client in advance. 26.3 In relation to 《 Margin to《Margin Clients Standing Authority for Collateral 》 Collateral》, the Client authorizes the following instructions from WLSL in order to obtain financial accommodation from WLSL without notifying the Client: (1) use any securities purchased or held by the Client in WLSL or held on behalf of the Client from time to time, as well as the Securities collateral deposited by the Client in any accounts opened at WLSL and any other collateral approved by WLSL (“the Securities"); (2) deposit any such securities of the Client in an authorized financial institution as collateral for the financial accommodation provided by WLSL; or (3) depositing any such securities of the Client in a recognized clearing house or another intermediary who is licensed or registered to conduct securities transactions as a way to release and settle the WLSL’s obligation of settlement and WLSL’s legal liability; (4) to authorize WLSL to pool such securities of the Clients with the Securities of others and deposit them as collateral for loans or advances. The Securities of the Client may therefore be subject to the rights of a third party and WLSL must fully compensate for these rights before returning Client with their Securities, which may increase the Client’s risk exposure on such securities. 26.4 The Client Money Standing Authority covers money held or received by WLSL in Hong Kong (including any interest derived from the holding of the money) in one or more segregated account(s) on the Client’s behalf (“Monies”). 26.5 In order to fully utilize the services provided by WLSL, including access to trading in different investment products in different jurisdictions, and in multiple currencies, where WLSL may lend money in one currency, which is secured by collateral held by WLSL in another currency and, to the extent that the Client account(s) may from time to time hold cash credit balances deposited in Hong Kong (in Hong Kong dollars and/or Chinese Yuan Renminbi and/or US dollar) and simultaneous cash debit balances in any other currency or currencies, the Client authorizes WLSL to: (1) transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time with WLSL, WLAML and WLSL’s Associates, outside of Hong Kong (in Macau or in the jurisdiction of WLSL’s Associates) and to maintain such Monies (or their currency equivalents) in accordance with the rules and regulations governing the custody of client money in that jurisdiction; and/or (2) combine or consolidate or net off any or all segregated accounts, of any nature whatsoever and either individually or jointly with others, maintained by WLSL,WLAML and WLSL’s Associates from time to time and WLSL may transfer any sum of Monies or rolling balance to and between such segregated account(s) of the Client to satisfy the Client’s obligations or liabilities to WLSL,WLAML and WLSL’s Associates, whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several: and 26.6 The Client acknowledges and agrees that WLSL may do any of the things mentioned in Clause 26.5 without giving the Client notice. 26.7 The Client Money Standing Authority is given without prejudice to other authorities or rights which WLSL, WLAML and WLSL’s Associates may have in relation to dealing in Monies in the segregated account. 26.8 The Client Money Standing Authority shall be valid for a period of 12 months from the date of this Agreement, subject to renewal by the Client or deemed renewal under the Client Money Rules as referred to in Clause 26.10. 26.9 The Client Money Standing Authority may be revoked by giving WLSL written notice addressed to WLSL at WLSL address specified in the Agreement or such other address which WLSL may notify the Client in writing for this purpose. Such notice shall take effect upon the expiry of 14 days from the date of WLSL’s actual receipt of such notice. 26.10 The Client understands that the Client Money Standing authority shall be deemed to be renewed on a continuing basis without the Client’s written consent if WLSL issues the Client a written reminder at least 14 days prior to the expiry date of the Client Money Standing Authority, and the Client does not object to such deemed renewal before such expiry date.

Client Money Standing Authority. 26.1 The Client Money Standing Authority covers money held or received by WLSL in Hong Kong (including any interest derived from the holding of the money) in one or more segregated account(s) on the Client’s behalf (“Monies”). 26.2 In regards to 《 Standing to《Standing Authority for Fund Withdrawal 》 Withdrawal》, the Client authorizes WLSL for fund withdrawal from any independently opened cash securities account/margin securities account/futures account/internet trading account of the Client at WLSL in accordance to the Securities and Futures (Client Money) Rules, and deposit into the bank account(s) designated by the Client without any prior notice or confirmation and/or instructions obtained from the Client. 26.2 Regarding 《 Standing 26.3 Regarding《Standing Authority for Internal Transfer of Fund Transfer 》 and Securities》, the Client authorizes WLSL for unrestricted transfer of all or part of the fund and securities in between any independently opened cash securities account/margin account/futures account/internet trading account of the Client at WLSL in accordance with the Securities and Futures (Client Money) and (Client Securities) Rules, without giving the Client any notice or obtaining confirmation and/or instructions from the Client in advance. 26.3 In relation to 《 Margin Clients Standing Authority for Collateral 》 , the Client authorizes the following instructions from WLSL in order to obtain financial accommodation from WLSL without notifying the Client: (1) use any securities purchased or held by the Client in WLSL or held on behalf of the Client from time to time, as well as the Securities collateral deposited by the Client in any accounts opened at WLSL and any other collateral approved by WLSL (“the Securities"); (2) deposit any such securities of the Client in an authorized financial institution as collateral for the financial accommodation provided by WLSL; or (3) depositing any such securities of the Client in a recognized clearing house or another intermediary who is licensed or registered to conduct securities transactions as a way to release and settle the WLSL’s obligation of settlement and WLSL’s legal liability; (4) to authorize WLSL to pool such securities of the Clients with the Securities of others and deposit them as collateral for loans or advances. The Securities of the Client may therefore be subject to the rights of a third party and WLSL must fully compensate for these rights before returning Client with their Securities, which may increase the Client’s risk exposure on such securities. 26.4 The Client Money Standing Authority covers money held or received by WLSL in Hong Kong (including any interest derived from the holding of the money) in one or more segregated account(s) on the Client’s behalf (“Monies”). 26.5 In order to fully utilize the services provided by WLSL, including access to trading in different investment products in different jurisdictions, and in multiple currencies, where WLSL may lend money in one currency, which is secured by collateral held by WLSL in another currency and, to the extent that the Client account(s) may from time to time hold cash credit balances deposited in Hong Kong (in Hong Kong dollars and/or Chinese Yuan Renminbi and/or US dollar) and simultaneous cash debit balances in any other currency or currencies, the Client authorizes WLSL to: (1) transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time with WLSL, WLAML and WLSL’s Associates, Associates and its agent broker(s) and/or clearing agent(s) in Hong Kong or outside of Hong Kong (in Macau or in the jurisdiction of WLSL’s Associates) ), and to maintain such Monies (or their currency equivalents) in accordance with the rules and regulations governing the custody of client money in that jurisdiction; and/or (2) combine or consolidate or net off any or all segregated accounts, of any nature whatsoever and either individually or jointly with others, maintained by WLSL,WLAML , its Associates and WLSL’s Associates its agent broker(s) and/or clearing agent(s) from time to time and WLSL may transfer any sum of Monies or rolling balance to and between such segregated account(s) of the Client to satisfy the Client’s obligations or liabilities to WLSL,WLAML , its Associates and WLSL’s Associatesits agent broker(s) and/or clearing agent(s), whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several: and; and when such sum of Monies or rolling balance are being transferred to make up the short margin amount to avoid forced liquidation, the Client may not have the opportunity to decide whether to continue bearing the market risk by holding onto their investment position or to stop loss by settling their investment position. 26.6 26.5 The Client acknowledges and agrees that WLSL may do any of the things mentioned in Clause 26.5 26.4 without giving the Client notice. 26.7 26.6 The Client Money Standing Authority is given without prejudice to other authorities or rights which WLSL, WLAML its Associates and WLSL’s Associates its agent broker(s) and/or clearing agent(s) may have in relation to dealing in Monies in the segregated account. 26.8 26.7 The Client Money Standing Authority shall be valid for a period of 12 months from the date of this Agreement, subject to renewal by the Client or deemed renewal under the Client Money Rules as referred to in Clause 26.10. 26.9 26.8 The Client Money Standing Authority may be revoked by giving WLSL written notice addressed to WLSL at WLSL address specified in the Agreement or such other address which WLSL may notify the Client in writing for this purpose. Such notice shall take effect upon the expiry of 14 days from the date of WLSL’s actual receipt of such notice. 26.10 26.9 The Client understands that the Client Money Standing authority shall be deemed to be renewed on a continuing basis without the Client’s written consent if WLSL issues the Client a written reminder at least 14 days prior to the expiry date of the Client Money Standing Authority, and the Client does not object to such deemed renewal before such expiry date.