Common use of Eligible Counterparties Clause in Contracts

Eligible Counterparties. Where the Company treats the Client as an Eligible Counterparty, the Client will be entitled to fewer protections under the Law than it would be entitled to as a Retail Client and an Experienced Retail Client or Professional Client. In particular and in addition to the above paragraph 5.1 (the below list may not be exhaustive): i. The Company is not required to provide the Client with best execution in executing the Clients’ orders. ii. The Company is not required to implement procedures and arrangements which provide for the prompt, fair and expeditious execution of its Clients’ orders, relative to other Client orders or its trading interests. iii. The Company is not required to assess the appropriateness of a product or service that it provides to Client but can assume that the Client has the expertise to choose the most appropriate product or service for itself. iv. The Company is not required to provide the Client with information about the Company, its services, financial instruments and proposed investment strategies, execution venues, the arrangements through which the Company will be remunerated and other relevant information. v. The Company is not required to provide reports to the Client on the execution of its orders. vi. The Investors Compensation Fund does not cover Eligible Counterparties.

Appears in 4 contracts

Samples: CFDS Client Agreement, CFDS Client Agreement, CFDS Client Agreement

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Eligible Counterparties. Where the Company treats the Client as an Eligible Counterparty, the Client will be entitled to fewer protections under the Law than it would be entitled to as a Retail Client and an Experienced Retail Client or Professional Client. In particular and in addition to the above paragraph 5.1 (the below list may not be exhaustive): i. ): The Company is not required to provide the Client with best execution in executing the Clients’ orders. ii. The Company is not required to implement procedures and arrangements which provide for the prompt, fair and expeditious execution of its Clients’ orders, relative to other Client orders or its trading interests. iii. The Company is not required to assess the appropriateness of a product or service that it provides to Client but can assume that the Client has the expertise to choose the most appropriate product or service for itself. iv. The Company is not required to provide the Client with information about the Company, its services, financial instruments and proposed investment strategies, execution venues, the arrangements through which the Company will be remunerated and other relevant information. v. . The Company is not required to provide reports to the Client on the execution of its orders. vi. The Investors Compensation Fund does not cover Eligible Counterparties.

Appears in 3 contracts

Samples: CFDS Client Agreement, CFDS Client Agreement, CFDS Client Agreement

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