Decline of Client’s Orders, Requests and Instructions. 2.1 Without prejudice to any other provisions herein, the Company is entitled to decline or refuse to accept and/or transmit or arrange for the execution of any Order of the Client in CFDs, for any good reason including but not limited in any of the following cases as applicable to CFDs: A. If the Order precedes the first Quote in the Trading Platform on the market opening; B. Under abnormal market conditions; C. If the Client has recently made an unreasonable number of requests in comparison to the number of Transactions; D. If the Client’s Free Margin is less than the Initial Margin or the Necessary Margin or there are no available cleared funds deposited in the Client Account to pay all the charges of the particular Order; E. It is impossible to proceed with an Order due to its size or price, or the proposed Transaction is of such a size (too small or too large), that the Company does not wish to accept that Order, or the Company believes that it will not be able to hedge the proposed Transaction in the Underlying Market, or it is impossible for the Order to be executed due to the conditions of the relevant Underlying Market; F. Where the Company suspects that the Client is engaged in money laundering activities or terrorist financing or other criminal acts; G. In consequence of any request made by the regulatory and/or supervisory authorities of Curaçao and/or further to a court order; H. Where the legality or genuineness of the Order is under doubt; I. There is an absence of essential detail of the Order or the Order is not clear or has more than one interpretation; J. The Transaction Size is less than the minimum Transaction Size for the particular CFD as indicated in the Contract Specifications; K. A Quote is not obtained from the Company or the Quote obtained by the Company is an Indicative Quote or the Quote is manifestly erroneous or Quote is an Error Quote (Spike); L. Internet connection or communications are disrupted; M. A Force Majeure Event has occurred; N. In a suspected or actual Event of Default of the Client; O. The Company has sent a notice of Termination of the Agreement to the Client; P. The Client has failed to meet a Margin Call of the Company; Q. The Client Account is temporarily blocked or is rendered dormant or is closed.
Appears in 1 contract
Samples: Client Agreement
Decline of Client’s Orders, Requests and Instructions. 2.1 Without prejudice to any other provisions herein, the Company is entitled to decline or refuse to accept and/or transmit or arrange for the execution of any Order of the Client in CFDsCFDs or FX, for any good reason including but not limited in any of the following cases as applicable to CFDsCFDs and/or FX:
A. If a) if the Order precedes the first Quote in the Trading Platform on the market openingMarket Opening;
B. Under abnormal market conditionsb) under Abnormal Market Conditions;
C. If c) if the Client has recently made an unreasonable number of requests Requests in comparison to the number of Transactions;
D. If d) if the Client’s Free Margin is less than the Initial Margin or the Necessary Margin or there are no available cleared funds deposited in the Client Account to pay all the charges of the particular Order;
E. It e) it is impossible to proceed with an Order due to its regarding the size or price, price or the proposed Transaction is of such a size (too small or too large), that the Company does not wish to accept that Order, Order or the Company believes that it will not be able to hedge the proposed Transaction in the Underlying Market, Market or it is impossible for the Order to be executed due to the conditions condition of the relevant Underlying Marketunderlying market;
F. Where f) where the Company suspects that the Client is engaged in money laundering activities or terrorist financing or other criminal acts;
G. In g) in consequence of any request made by the of regulatory and/or or supervisory authorities of Curaçao and/or further to Seychelles or a court order;
H. Where h) where the legality or genuineness of the Order is under doubt;.
I. There i) there is an absence of essential detail of the Order or the Order is not clear or has more than one interpretation;.
J. The j) the Transaction Size is less than the minimum Transaction Size for the particular CFD or FX as indicated in the Contract Specifications;.
K. A k) a Quote is not obtained from the Company or the Quote obtained by the Company is an Indicative Quote or the Quote is manifestly erroneous or Quote is an Error Quote (Spike);
L. Internet l) internet connection or communications are disrupted;
M. A m) a Force Majeure Event has occurred;
N. In a suspected or actual Event of Default of the Client;
O. The Company has sent a notice of Termination of the Agreement to the Client;
P. The Client has failed to meet a Margin Call of the Company;
Q. The Client Account is temporarily blocked or is rendered dormant or is closed.
Appears in 1 contract
Samples: Client Agreement