EVENTS AFFECTING UNDERLYING INSTRUMENTS Sample Clauses

EVENTS AFFECTING UNDERLYING INSTRUMENTS. When a Corporate Action or an Insolvency Event occurs in relation to any Underlying Instrument and/or its issuer we may, acting in a commercially reasonable manner, make adjustments to your open positions and/or orders to reflect those actions and to put you in a position as close as possible to that of a direct holder of the Underlying Instrument. The actions we may take pursuant to this clause 15.9 include, but are not limited to: a. making a reasonable and fair retrospective adjustment to the opening price of an open position, to reflect the impact of the relevant action or event; b. opening and/or closing one or more open positions on your Account;