Common use of Non-fiduciary Relationship / Agency Transactions Clause in Contracts

Non-fiduciary Relationship / Agency Transactions. (a) The relationship between you and us is as described in the Customer Agreement. Neither that relationship, nor the Services provided by us (for the avoidance of doubt, this shall include any Transaction entered into with or on behalf of you) nor any other matter arising out of the Customer Agreement, will give rise to any fiduciary or equitable duties on our part. (b) We will usually act as your execution agent in relation to your Instruction. However, if we act as principal to you in any Transaction, this will be disclosed to you in the relevant daily activities statements.

Non-fiduciary Relationship / Agency Transactions. (a) The relationship between you and us is as described in the Customer Agreement. Neither that relationship, nor the Services provided by us (for the avoidance of doubt, this shall include any Transaction entered into with or on behalf of you) nor any other matter arising out of the Customer Agreement, will give rise to any fiduciary or equitable duties on our part.. - 12 - ESD-001-E/07 (b) We will usually act as your execution agent in relation to your Instruction. However, if we act as principal to you in any Transaction, this will be disclosed to you in the relevant daily activities statements.

Non-fiduciary Relationship / Agency Transactions. (a) The relationship between you and us is as described in the Customer Agreement. Neither that relationship, nor the Services provided by us (for the avoidance of doubt, this shall include any Transaction entered into with or on behalf of you) nor any other matter arising out of the Customer Agreement, will give rise to any fiduciary or equitable duties on our part.. - 12 - ESD-001-E/06 (b) We will usually act as your execution agent in relation to your Instruction. However, if we act as principal to you in any Transaction, this will be disclosed to you in the relevant daily activities statements.