Common use of Expiry System Errors Clause in Contracts

Expiry System Errors. In case the expiry system fails for any reason, it will auto detect un-expired options and expire them in accordance to the rates stored historically in the archive. If any position did not expire on time, the system will issue a notification to the Compliance Officer, detailing all position information, in order to be resolved manually.

Appears in 7 contracts

Samples: Terms and Conditions, Terms and Conditions, Terms and Conditions

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