GTJAF Deals as Principal. The Client acknowledges that in respect of any account that GTJAF maintains with the HKFE Clearing House or any other clearing house, whether or not such account is maintained wholly or partly in respect of Derivatives transacted on the Client's behalf and whether or not any monies paid by the Client has been paid to the HKFE Clearing House or such other clearing house, as between GTJAF and the HKFE Clearing House or such other clearing house, GTJAF deals as principal. The Client agrees that GTJAF can deal with such account free of any trust or other equitable interest in favor of the Client and monies paid to the HKFE Clearing House or such other clearing house are thereby free from the trust referred to in this Clause 5.7.
