Common use of Foreign markets Clause in Contracts

Foreign markets. Foreign markets will involve different risks to Irish markets. In some cases, the risks will be greater. On request, your broker must provide an explanation of protections which will operate in any relevant foreign markets, including the extent to which he/she will accept liability for any default of a foreign broker through whom he deals. The potential for profit or loss from transactions on foreign markets or in foreign denominated contracts will be affected by fluctuations in foreign exchange rates. Interest Rates Changes in interest rates can have an effect on the value of securities. The value of securities, especially bonds can fall with a rise in interest rates as other investments reflecting the new higher interest rate offer greater returns. Such risk can be offset by diversifying the durations of fixed-income investments held. Alternatively if interest rates fall, then the value of bonds and other securities may rise. Additional Futures and Options risks: Terms and conditions of contracts – Futures and Options You should ask the firm with which you deal about the terms and conditions of the specific futures or options which you are trading and associated obligations (e.g. the circumstances under which you may become obligated to make or take delivery of the underlying interest of a futures contract and, in respect of options, expiration dates and restrictions on the time for exercise). Under certain circumstances the specifications of outstanding contracts (including the exercise price of an option) may be modified by the exchange or clearing house to reflect changes in the underlying interest. Suspension or restriction of trading and pricing relationships – Futures and Options Market conditions (e.g. illiquidity) and/or the operation of the rules of certain markets (e.g. the suspension of trading in any contract or contract month because of price limits or “circuit breakers”) may increase the risk of loss by making it difficult or impossible to effect transactions or liquidate/offset positions. If you have sold options, this may increase the risk of loss. Further normal pricing relationships between the underlying interest and the future and the underlying interest and the option may not exist. This can occur when, for example, the futures contract underlying the option is subject to price limits while the option is not. The absence of an underlying reference price may make it difficult to judge “fair” value. Pershing Bank Details All clients must quote their account number with Xxxxxx Xxxxxxxxxx Ireland Ltd along with their name. Euro Bank Name: Ulster Bank Swift Code: XXXXXX0X Sort Code: 98-50-10 A/C No: 31911845 IBAN: XX00XXXX00000000000000 A/C Name: Pershing Securities International Limited Client Asset Account - Hub Account GBP Bank Name: Royal Bank of Scotland Swift Code: XXXXXX0X Sort Code: 16-04-00 A/C No: 20223091 IBAN: XX00XXXX00000000000000 A/C Name: Pershing Securities International Limited Client Asset Account - Hub Account USD Bank Name: Citibank New York Swift Code: XXXXXX00 ABA No 000000000 A/C No: 36828053 A/C Name: Pershing Securities International Limited Client Asset Account - Hub Account R DUBLIN: 75 St. Stephen’s Green, Dublin 2, Ireland. Tel : +000 0 000 0000. Fax : +000 0 000 0000/+000 0 000 0000 CORK: 00 Xxxxx Xxxx, Xxxx. Tel: +000 00 000 0000. LIMERICK: Theatre Court, Lower Mallow Street, Limerick. Tel: +000 00 000000. email : xxxxxxx@xxxxxx.xxx web : xxx.xxxxxxxxxxxxxxxx.xx Cantor Xxxxxxxxxx Ireland Ltd is regulated by the Central Bank of Ireland. Cantor Xxxxxxxxxx Ireland Ltd is a member firm of the Irish Stock Exchange and the London Stock Exchange.

Foreign markets. Foreign markets will involve different risks to Irish markets. In some cases, the risks will be greater. On request, your broker must provide an explanation of protections which will operate in any relevant foreign markets, including the extent to which he/she will accept liability for any default of a foreign broker through whom he deals. The potential for profit or loss from transactions on foreign markets or in foreign denominated contracts will be affected by fluctuations in foreign exchange rates. Interest Rates Changes in interest rates can have an effect on the value of securities. The value of securities, especially bonds can fall with a rise in interest rates as other investments reflecting the new higher interest rate offer greater returns. Such risk can be offset by diversifying the durations of fixed-income investments held. Alternatively if interest rates fall, then the value of bonds and other securities may rise. Additional Futures and Options risks: Terms and conditions of contracts – Futures and Options You should ask the firm with which you deal about the terms and conditions of the specific futures or options which you are trading and associated obligations (e.g. the circumstances under which you may become obligated to make or take delivery of the underlying interest of a futures contract and, in respect of options, expiration dates and restrictions on the time for exercise). Under certain circumstances the specifications of outstanding contracts (including the exercise price of an option) may be modified by the exchange or clearing house to reflect changes in the underlying interest. Suspension or restriction of trading and pricing relationships – Futures and Options Market conditions (e.g. illiquidity) and/or the operation of the rules of certain markets (e.g. the suspension of trading in any contract or contract month because of price limits or “circuit breakers”) may increase the risk of loss by making it difficult or impossible to effect transactions or liquidate/offset positions. If you have sold options, this may increase the risk of loss. Further normal pricing relationships between the underlying interest and the future and the underlying interest and the option may not exist. This can occur when, for example, the futures contract underlying the option is subject to price limits while the option is not. The absence of an underlying reference price may make it difficult to judge “fair” value. Pershing Bank Details All clients must quote their account number with Xxxxxx Xxxxxxxxxx Ireland Ltd along with their name. Euro Bank Name: Ulster Bank Swift Code: XXXXXX0X Sort Code: 98-50-10 A/C No: 31911845 IBAN: XX00XXXX00000000000000 A/C Name: Pershing Securities International Limited Client Asset Account - S52 Hub Account GBP Bank Name: Royal Bank of Scotland Swift Code: XXXXXX0X Sort Code: 16-04-00 A/C No: 20223091 IBAN: XX00XXXX00000000000000 A/C Name: Pershing Securities International Limited Client Asset Account - Hub Account USD Bank Name: Citibank New York Swift Code: XXXXXX00 ABA No 000000000 A/C No: 36828053 A/C Name: Pershing Securities International Limited Client Asset Account - Hub Account R DUBLIN: 75 St. Stephen’s Green, Dublin 2, Ireland. Tel : +000 0 000 0000. Fax : +000 0 000 0000/+000 0 000 0000 CORK: 00 Xxxxx Xxxx, Xxxx. Tel: +000 00 000 0000. LIMERICK: Theatre Court, Lower Mallow Street, Limerick. Tel: +000 00 000000. email : xxxxxxx@xxxxxx.xxx web : xxx.xxxxxxxxxxxxxxxx.xx Cantor Xxxxxxxxxx Ireland Ltd is regulated by the Central Bank of Ireland. Cantor Xxxxxxxxxx Ireland Ltd is a member firm of the Irish Stock Exchange and the London Stock Exchange.