Common use of Dealing on Own Account Clause in Contracts

Dealing on Own Account. Within the meaning of Article D.321-1 of the Monetary and Financial Code, dealing on own account is carried by an investment services provider that enters into transactions in one or more financial instruments against its proprietary capital. Within the meaning of Article D.321-1of the Monetary and Financial Code, orders are executed on behalf of third parties by an investment services provider that enters into agreements to purchase or sell one or more financial instruments on behalf of a client. Financial Instruments referred to in Article L.211-1 I of the Monetary and Financial Code and referred to below in Schedule 1. Any company which HSBC Continental Europe or HSBC Holding plc owns, directly or indirectly, at least 50% of the capital or voting rights.