Common use of Execution of stock market orders and accounting Clause in Contracts

Execution of stock market orders and accounting. The Account Holder is informed that once the order is transmitted, the probability of its execution depends on its characteristics as well as the market’s conditions and liquidity. SGSS cannot be held liable in the case of non-execution or partial execution of an order for any reason, apart from a fault exclusively resulting from its actions. Each executed order or fraction of an order gives rise to the application by SGSS of a commission as specified in article 3.3 “Pricing” as well as, GENERAL TERMS AND CONDITIONS where applicable, taxes and levies incurred in connection with the order’s transmission and execution. Should the order not be able to be transmitted for any reason, SGSS shall notify the Account Holder within the maximum period of one business day after it has established that transmission of the order on the market would be impossible. Proceeds from the sale, net of any expenses, taxes, and levies, will be settled by bank transfer as soon as possible but, as a general rule, within three business days following the execution of the order according to the terms set out in article 1.3 “Address, residence for tax purposes, bank account details, and settlements”.

Execution of stock market orders and accounting. The Account Holder is informed that once the order is transmitted, the probability of its execution depends on its characteristics as well as the market’s 's conditions and liquidity. SGSS canmay not be held liable in the case of non-execution or partial execution of an order for any reason, apart from a fault exclusively resulting from its actions. Each executed order or fraction of an order gives rise to the application by SGSS of a commission as specified in article 3.3 “"Pricing” " as well as, GENERAL TERMS AND CONDITIONS where applicable, taxes and levies incurred in connection with the order’s 's transmission and execution. Should the order not be able to be transmitted for any reason, SGSS shall notify the Account Holder within the maximum period of one business day after it has established that transmission of the order on the market would be impossible. Proceeds from the sale, net of any expensesexpenses (including foreign exchange commission for currency transactions), taxes, taxes and levies, will be settled sent by bank transfer as soon as possible butand, as a general rule, within three business days following the execution of the order according to the terms set out in article 1.3 “2.3 "Address, residence for tax purposes, bank account details, details and settlements”” or by sending a cheque where applicable.

Execution of stock market orders and accounting. The Account Holder is informed that once the order is transmitted, the probability of its execution depends on its characteristics as well as the market’s conditions and liquidity. SGSS cannot be held liable in the case of non-execution or partial execution of an order for any reason, apart from a fault exclusively resulting from its actions. Each executed order or fraction of an order gives rise to the application by SGSS of a commission as specified in article 3.3 “Pricing” as well as, GENERAL TERMS AND CONDITIONS where applicable, taxes and levies incurred in connection with the order’s transmission and execution. Should the order not be able to be transmitted for any reason, SGSS shall notify the Account Holder within the maximum period of one business day after it has established that transmission of the order on the market would be impossible. Proceeds from the sale, net of any expensesexpenses (exchange commissions included for settlements in foreign currency), taxes, any taxes and levies, will be settled sent by bank transfer as soon as possible butpossible, as a general ruleand generally, within three business days following the execution of the order according to the terms set out in article 1.3 2.3 “Address, residence for tax purposes, bank account details, and settlements”.

Execution of stock market orders and accounting. The Account Holder is informed that once the order is transmitted, the probability of its execution depends on its characteristics as well as the market’s conditions and liquidity. SGSS cannot be held liable in the case of non-execution or partial execution of an order for any reason, apart from a fault exclusively resulting from its actions. Each executed order or fraction of an order gives rise to the application by SGSS of a commission as specified in article 3.3 “Pricing” as well as, GENERAL TERMS AND CONDITIONS where applicable, taxes and levies incurred in connection with the order’s transmission and execution. Should the order not be able to be transmitted for any reason, SGSS shall notify the Account Holder within the maximum period of one business day after it has established that transmission of the order on the market would be impossible. GENERAL TERMS AND CONDITIONS Proceeds from the sale, net of any expenses, taxes, and levies, will be settled by bank transfer as soon as possible but, as a general rule, within three business days following the execution of the order according to the terms set out in article a rticle 1.3 “Address, residence for tax purposes, bank account details, and settlements”.