Common use of ELECTRONIC ORDERS Clause in Contracts

ELECTRONIC ORDERS. 4.1. All orders placed via E-Trading Facility shall be valid and binding on the Client. 4.2. No order, once given, may be varied, cancelled or withdrawn without BCS’s express consent. Cancellation requests and confirmations may be communicated via the E-Trading Facility or by other means, including orally. The Client shall remain fully responsible for any orders given unless and until the request for cancellation, variation or withdrawal is confirmed as accepted by BCS. 4.3. BCS is not obliged to check the accuracy or authenticity of any electronic orders. 4.4. The Client shall maintain with respect to E-Trading Facility adequate systems and controls to ensure order accuracy, order size, compliance with credit and order limits is checked and validated and that order direction, order duplication and order retransmission errors do not occur. 4.5. BCS shall have the right to reject or cancel orders or enter off-setting orders or restrict Client’s ability to enter further orders in the event the Client acts in breach of the terms in this Schedule. BCS will use reasonable efforts to notify the Client hereof as soon as reasonably practicable. 4.6. BCS’s computer data records are, save in the case of manifest error, conclusive evidence of its contents and are binding on the Client. The Client agrees that these records will be admissible in evidence.

ELECTRONIC ORDERS. 4.1. All orders placed via E-Trading Facility shall be valid and binding on the Client. 4.2. No order, once given, may be varied, cancelled or withdrawn without BCS’s express consent. Cancellation requests and confirmations may be communicated via the E-Trading Facility or by other means, including orally. The Client shall remain fully responsible for any orders given unless and until the request for cancellation, variation or withdrawal is confirmed as accepted by BCS. 4.3. BCS is not obliged to check the accuracy or authenticity of any electronic orders. 4.4. The Client shall maintain with respect to E-Trading Facility adequate systems and controls to ensure order accuracy, order size, compliance with credit and order limits is checked and validated and that order direction, order duplication and order retransmission errors do not occur. 4.5. BCS shall have the right to reject or cancel orders or enter off-setting orders or restrict Client’s ability to enter further orders in the event the Client acts in breach of the terms in this ScheduleSection. BCS will use reasonable efforts to notify the Client hereof as soon as reasonably practicable. 4.6. BCS’s computer data records are, save in the case of manifest error, conclusive evidence of its contents and are binding on the Client. The Client agrees that these records will be admissible in evidence.