Electronic Trading Facilities. For some markets and some types of risk, electronic trading facilities are available for both the placing and administration (including claims handling) of cover placed on your behalf. Generally speaking, for us to use such facilities, we are obliged to agree the terms and conditions required by the electronic facility provider, as are all users of the system. Agreement by us of such terms will also bind any client on whose behalf we are acting when using such a facility. It is sometimes the case that such terms and conditions alter the usual legal position as to ownership and permitted usage of information and documents submitted to or generated by the facility. Please speak to your Xxxxxx Xxxxxx Xxxxxx Account Executive for further information as to whether any such electronic facilities are used on your behalf in placing or administering your business.
Electronic Trading Facilities. Most Electronic Trading Facilities are supported by computer-based component systems for the Order-routing, execution, matching, registration or clearing of trades. As with all facilities and systems, they are vulnerable to temporary disruption or failure. Your ability to recover certain losses may be subject to limits on liability imposed by the system provider, the market, the clearing house and/or member firms. Such limits may vary.
Electronic Trading Facilities. For some markets and some types of risk, electronic trading facilities are available for both the placing and administration (including claims handling) of cover placed on your behalf. Generally speaking, for us to use such facilities, we are obliged to agree the terms and conditions required by the electronic facility provider, as are all users of the system. Agreement by us of such terms will also bind any client on whose behalf we are acting when using such a facility. It is sometimes the case that such terms and conditions alter the usual legal position as to ownership and permitted usage of information and documents submitted to or generated by the facility. Please speak to your WTW Client Servicer for further information as to whether any such electronic facilities are used on your behalf in placing or administering your business.
Electronic Trading Facilities. 7.1 Unless otherwise agreed by the Principal, the Supplier must implement the Electronic Trading Facilities by no later than forty-five (45) Business Days after the Commencement Date, such Electronic Trading Facilities to include the following functionalities: