Execution and Settlement. [Execution of orders] [Settlement of orders]
(1) After the order is executed, shares/funds will be settled at T+3 Settlement occurs three business days after the date of execution. No settlement will be made on public holidays. The amount of funds will be transferred to the client’s designated bank accounts following withdrawal request. No cash transfer will be acceptable.
(2) Once the order is executed, Buying/Selling power will be immediately effective, so the Client can place the order with the amount that he/she buys/sells before the settlement date. [Internal Use]
Execution and Settlement. 10.2.1 Xxxxxx will provide settlement, safe custody, nominee and associated services, entered into through us as your agent.
10.2.2 You confirm that:
(a) we have your authority to engage Xxxxxx to provide settlement, safe custody, nominee and associated services for you;
(b) we have your authority to give instructions to Xxxxxx on your behalf; and
(c) you agree to be bound by the obligations to Xxxxxx set out below.
10.2.3 Payment can be made electronically to Xxxxxx via the following accounts: Bank National Westminster Bank Plc Branch 00 Xxxxx Xxxxxxxx Xxxx,Xxxxxxxxx Xxxxx, Xxxx XX00XX Sort Code 55-70-13 Account Name Xxxxxx Investment Management Client a/c Account No 00000000 Reference * Please quote your unique 7-digit account number IBAN XX00 XXXX 0000 0000 0000 00 Swift Code XXXXXX0X Correspond bank National Westminster Bank Plc Swift Code XXXXXX0X Account Name Xxxxxx Investment Management Client a/c IBAN XX00 XXXX 0000 0000 0000 00 Reference * Please quote your unique 7-digit account number Bank National Westminster Bank Plc Swift code XXXXXX0X Account Name Xxxxxx Investment Management Client a/c IBAN XX00 XXXX 0000 0000 0000 00 Reference * Please quote your unique 7-digit account number * Please note that payments received without a reference may cause a delay in being processed to your account or lead to the funds be- ing returned to source. GAM accepts no responsibility caused by this omission. Alternatively, cheques under £10,000 made payable to “Xxxxxx Investment Management Ltd” can be forwarded to GAM.
10.2.4 All payments to your account must be drawn on your own bank account. Xxxxxx has the right to return money, whether received by cheque or bank transfer, to “source” (i.e. from where it came). All money returned will be done so at your own risk and incur a fee of £50.
Execution and Settlement. [Execution of orders]
Execution and Settlement. 16.1 When executing transactions or placing orders with brokers on your behalf, we will take all sufficient steps to obtain the best possible result for you on a consistent basis. The approach that we adopt to achieve this is set out in our Order Execution Policy. You can find our Order Execution Policy on our website xxxxx://xxxxxx.xxx/legal-compliance-regulatory/legal-and- regulatory/. By entering into this Agreement you consent to the terms of our Order Execution Policy and, where applicable, authorise us to execute transactions (or have transactions executed) on your behalf outside a Trading Venue.
16.2 By entering into this Agreement you also instruct us not to make public your orders to buy or sell investments at a specific price or better where they are not immediately executed under prevailing market conditions, unless we consider that it is in your best interests to do so..
16.3 We may combine your order with orders of other customers. This is known as aggregation. We will only do this where we reasonably believe that this will not operate to your disadvantage. However, on occasions aggregation may result in your obtaining a less favourable price. Please refer to our Order Execution Policy for more information in this regard.
Execution and Settlement
