Formation of Each Contract Clause Samples

Formation of Each Contract. 6.2.1 When the Client, or an Authorised User, contacts ▇▇ ▇▇▇▇▇▇ by either telephone, or via the Internet, ▇▇ ▇▇▇▇▇▇ may, but is not obligated to, ask for or clarify the following information where applicable: (i) the Clients account number; (ii) further Client identification details; (iii) the Contract type (e.g. which currency pair); (iv) whether the Contract is to buy or sell; (v) the number of Contracts; and vi) for Contract orders, the order type, the order price and the order expiry date.

Formation of Each Contract. 6.1 When the Client, or an Authorised User, contacts Neuko by either telephone, electronically or otherwise via the Internet, Neuko may, but is not obligated to, ask for or clarify the following information where applicable: (a) the Client’s account number; (b) further Client identification details; (c) the Contract type (e.g. foreign exchange, margin foreign exchange or CFD); (d) whether the Contract is to buy or sell; (e) the number of Contracts; and (f) for Contract orders, the order type, the order price and the order expiry date. 6.2 Collectively, though not exhaustively, the information referred to in clause 6.1 or any portion thereof, constitutes the Instructions. 6.3 Neuko will immediately provide the Client with, either verbally or via the Internet, prices at which the relevant currency or CFD can be purchased or sold. These are the Trade Contract Terms. 6.4 If the Client, or an Authorised User, then indicates by clicking the relevant button on the Online Platform that they accept the Trade Contract Terms then Neuko shall have a discretionary right to create a Contract. If Neuko exercises this right then a Contract is formed between the Client and Neuko. When a Contract is created the parties shall become bound by the content of the relevant Trade Contract Terms and this Agreement. If ▇▇▇▇▇ declines to exercise the right to create a Contract, Neuko shall not be obliged to give a reason, however, ▇▇▇▇▇ shall promptly notify the Client that ▇▇▇▇▇ has not created a Contract with the Client.

Formation of Each Contract. 6.2.1 When the Client, or an Authorised User, contacts JDX either by phone, or via the Internet, JDX may, but is not obligated to, ask for or clarify the following information where applicable: (i) the Clients account number; (ii) further Client identification details; (iii) the Contract type (e.g. which currency pair); (iv) whether the Contract is to buy or sell; (v) the number of Contracts; and (vi) for Contract orders, the order type, the order price and the order expiry date.

Formation of Each Contract. 7.2.1 When the Client, or an Authorised User, contacts WorldFirst by either telephone, email or face-to-face and provides the appropriate security checks as WorldFirst may specify, WorldFirst may, but is not obligated to, ask for the following information: (a) details of the currency to be transferred; (b) the account into which the currency is to be transferred; (c) the type of contract the Client wishes to enter into (a Spot contract or a Forward Contract); (d) any identification reference to be sent with the payment instruction; (e) the date on which the Client would like the money to arrive; (f) the currency in which the Client would like to pay; (g) how much the Client either wishes to pay ("the Sale Currency"); or (h) how much Purchase Currency the Client wishes to receive; and (i) the Client’s contact details. 7.2.2 Collectively, though not exhaustively, this information or any portion thereof constitutes “the Instructions”. 7.2.3 Within a reasonable time after receiving the Instructions WorldFirst will contact the Client by either, telephone, email or face-to-face using the contact details provided by the Client (it is the Client’s responsibility to ensure that their contact details are accurate at all times) and provide the Client with the Trade Contract Terms. 7.2.4 If the Client, or an Authorised User, then indicates by either telephone, email, or face-to-face that they accept the Trade Contract Terms (“Acceptance”), then WorldFirst shall have a discretionary right to create an Order or World Account Order. If WorldFirst exercises this right then an order is formed between the Client and WorldFirst. When an Order is created the parties shall become bound by the content of the relevant Trade Contract Terms and this Agreement. If WorldFirst declines to exercise the right to create an Order, WorldFirst shall not be obliged to give a reason, however, WorldFirst shall promptly notify the Client that WorldFirst has not created an Order with the Client. 7.2.5 In the event that you provide us with your Payment and beneficiary account details via an oral instruction (such as telephone, video conferencing or other similar means) or an email instruction, we may send you an eConfirm outlining those details. You are required to check the details set out in an eConfirm and reply in the manner set out in the eConfirm messaging. If the information contained in the eConfirm is incorrect you must immediately notify WorldFirst, whereupon a further eConfirm will be...

Formation of Each Contract. 6.2.1 When the Client, or an Authorised User, contacts TREX either by phone, or via the Internet, TREX may, but is not obligated to, ask for or clarify the following information where applicable: (i) the Clients account number; (ii) further Client identification details; (iii) the Contract type (e.g. which currency pair); (iv) whether the Contract is to buy or sell; (v) the number of Contracts; and (vi) for Contract orders, the order type, the order price and the order expiry date.

Formation of Each Contract. When you contact us, quoting your name and client reference number (and such other security checks as we may specify), we will ask you for details of the currency to be transferred ("Purchase Currency"), the account to which it is to be transferred, any identification reference to be sent with the payment instruction, the date on which you would like the money to arrive and the currency in which you would like to pay and how much either you wish to pay ("Sale Currency") or how much Purchase Currency you wish to have arrive and contact details for you. These are “Your Instructions” We may in our absolute discretion decide to carry out Your Instructions. We will contact you using your contact details (and it is for you to ensure that your contact details provide adequate security). We will specify the amount of the Sale Currency required (including all costs), the amount of the Purchase Currency which will be purchased for you, the exchange rate we are offering, any additional transmission costs (which we may add to transactions for less than £10,000, to cover fees e.g. electronic transmission fees), any terms for a deposit, interest rate applicable to the deposit and a date by which the purchase currency must have arrived in cleared funds in the bank account which we specify ("Our Contract Terms"). If you indicate your acceptance of Our Contract Terms, at that point, you become bound to perform the Contract according to Our Contract Terms and this Agreement (because we must enter a currency transaction to enable us to perform the Contract). We are entitled to act on the instructions of anyone who apparently has your authority to form a Contract, and you agree to indemnify us for all losses arising from doing so. All telephone conversations may be recorded by the Company and may be used to resolve any disputes.

Formation of Each Contract. By opening a Client Account with us, you confirm that you have regular access to the internet and consent to World First providing you with information, including (but not limited to) amendments to our Execution Policy and information about the nature and risks of investment on our website. We may also contact you (in the circumstances described in this Agreement) by email on the address you have provided us. It is for you to ensure your contact details are up to date at all times. Once your Client Account with us is opened, you will be provided with a unique client reference number. When an Authorised User contacts World First to arrange a transaction by either telephone, facsimile, email, World First Online or face-to-face, your unique client reference number must be provided (and such other security checks as World First may specify), before the proposed transaction can commence. You must also provide us with all the relevant information we require including but not limited to: the Purchase Currency, the Sale Currency, the date, type of transaction, the beneficiary account details and amounts. Once we have received your Instruction, we will specify the amount of the Sale Currency required (including all costs), the amount of the Purchase Currency which will be purchased for you, the terms of the Contract you are entering into, the exchange rate we are offering, any additional transmission costs (which we may add to transactions for less than £5000 to cover fees e.g. electronic transmission fees or where you are making multiple payments), any terms for a deposit, and a date by which the Sale Currency must have arrived in cleared funds in the bank account which we specify. This information will either be provided by telephone, online or in your Trade Confirmation Notice. (“Our Contract Terms”) In the event that you provide us with your Payment and beneficiary account details via an oral instruction (such as by telephone, video conferencing or other similar means) or an email instruction, we will send you an eConfirm outlining your Payment and beneficiary account details. You are required to check the details set out in the eConfirm. World First shall not execute the payment until you confirm to World First that the details contained in the eConfirm are correct. Not responding to eConfirm or notifying us that the beneficiary details are incorrect does not affect the foreign exchange contract that you have entered into and you are still required to send Wor...

Formation of Each Contract. (a) When the Client, or an Authorised User, contacts Strathos Capital by either telephone or via the Internet, Strathos Capital may, but is not obligated to, ask for or clarify the following information where applicable: • the Client’s account number; • further Client identification details; • the Contract type (e.g., foreign exchange or margin foreign exchange); • whether the Contract is to buy or sell; • the number of Contracts; and • for Contract orders, the order type, the order price and the order expiry date. (b) Collectively, though not exhaustively, the information referred to in clause 7.2(a) or any portion thereof, constitutes the Instructions. (c) Strathos Capital will immediately provide the client with, either verbally or via the Internet, prices at which the relevant currency can be purchased or sold. These are the Trade Contract Terms. The Client acknowledges that Strathos Capital uses liquidity providers’ corresponding exchange rates. Strathos Capital may add fees and charges to the quoted prices as permitted under this Agreement. (d) If the Client, or an Authorised User, then indicates by either telephone or by clicking the relevant button on the Online Platform that they accept the Trade Contract Terms (Acceptance), then Strathos Capital shall have a discretionary right to create a Contract. If Strathos Capital exercises this right then a Contract is formed between the Client and Strathos Capital. When a Contract is created the parties shall become bound by the content of the relevant Trade Contract Terms and this Agreement. If Strathos Capital declines to exercise the right to create a Contract, Strathos Capital shall not be obliged to give a reason, however, Strathos Capital shall promptly notify the Client that Strathos Capital has not created a Contract with the Client.