Common use of Limit Orders and Stop Loss Orders Clause in Contracts

Limit Orders and Stop Loss Orders. 10.1 The Client may instruct Argentex that: (a) upon Argentex being willing and able to offer a foreign exchange rate specified by the Client, the Client will be deemed to have automatically issued Argentex with an FX Instruction in accordance with the Client’s requirements and upon filling the instruction Argentex will automatically execute an FX Contract (a ‘Limit Order’); (b) if the foreign exchange rate that Argentex is willing and able to offer moves to a worst-case rate specified by the Client, the Client will be deemed to have automatically issued Argentex with an FX Instruction in accordance with the Client’s requirements and upon filling the instruction Argentex will automatically execute an FX Contract (a “Stop Loss Order”). 10.2 Limit Orders and Stop Loss shall remain open until either executed by Argentex at the Client’s specified foreign exchange rate or cancelled or amended by the Client prior to it being executed by Argentex (“Good til Cancelled”); 10.3 Limit Orders and Stop Loss Orders may be cancelled by the Client at any time prior to them being executed by Xxxxxxxx. If the Limit Order and/or Stop Loss Order is not cancelled then the Limit Order and/or Stop Loss Order may be executed by Argentex in accordance with these Terms. 10.4 In order to instruct a Limit Order and/or a Stop Loss Order with Argentex, the Client needs to provide the following details: (a) the specific foreign exchange rate the Client wishes to obtain (for a Limit Order) or the Client does not wish the rate to drop below (for a Stop Loss Order); (b) the Buy Currency and the Sell Currency; (c) the amount of the Buy Currency the Client wishes to purchase or Sell Currency the Client wishes to sell. 10.5 The Client acknowledges that, after the Limit Order or Stop Loss Order has been executed by Argentex, the foreign exchange rate the Client could obtain by entering into a new FX Contract may be more beneficial to the Client than the foreign exchange rate in the Limit Order or Stop Loss Order, but the Client will still be bound by terms of the relevant Limit Order or Stop Loss Order.

Limit Orders and Stop Loss Orders. 10.1 11.1 The Client may instruct Argentex that: (a) upon Argentex being willing and able to offer a foreign exchange rate specified by the Client, the Client will be deemed to have automatically issued Argentex with an FX Instruction in accordance with the Client’s requirements and upon filling the instruction Argentex will automatically execute an FX Contract (a ‘Limit Order’); (b) if the foreign exchange rate that Argentex is willing and able to offer moves to a worst-case rate specified by the Client, the Client will be deemed to have automatically issued Argentex with an FX Instruction in accordance with the Client’s requirements and upon filling the instruction Argentex will automatically execute an FX Contract (a “Stop Loss Order”). 10.2 11.2 Limit Orders and Stop Loss shall remain open until either executed by Argentex at the Client’s specified foreign exchange rate or cancelled or amended by the Client prior to it being executed by Argentex (“Good til Cancelled”); 10.3 11.3 Limit Orders and Stop Loss Orders may be cancelled by the Client at any time prior to them being executed by Xxxxxxxx. If the Limit Order and/or Stop Loss Order is not cancelled then the Limit Order and/or Stop Loss Order may be executed by Argentex in accordance with these Terms. 10.4 11.4 In order to instruct a Limit Order and/or a Stop Loss Order with Argentex, the Client needs to provide the following details: (a) the specific foreign exchange rate the Client wishes to obtain (for a Limit Order) or the Client does not wish the rate to drop below (for a Stop Loss Order); (b) the Buy Currency and the Sell Currency; (c) the amount of the Buy Currency the Client wishes to purchase or Sell Currency the Client wishes to sell. 10.5 11.5 The Client acknowledges that, after the Limit Order or Stop Loss Order has been executed by Argentex, the foreign exchange rate the Client could obtain by entering into a new FX Contract may be more beneficial to the Client than the foreign exchange rate in the Limit Order or Stop Loss Order, but the Client will still be bound by terms of the relevant Limit Order or Stop Loss Order.