Common use of Order Processing Procedures Clause in Contracts

Order Processing Procedures. The Account Xxxxxx’s orders can be processed in two ways: • The first, known as “simple execution”, which applies to transactions initiated by the Account Holder on products that are not particularly complex as defined by the applicable regulations (shares traded on a regulated market, bonds and other forms of GENERAL TERMS AND CONDITIONS securitised debt without embedded derivatives, etc.). In this case, SGSS transmits orders to the traders for simple execution without any checks as to the appropriateness of the product. • On the other hand, with complex or high-risk products, upon the first transaction, SGSS must assess the Account Holder’s degree of understanding of the risks inherent in the product in question. SGSS is obliged to ask the Account Holder for information concerning his/her knowledge and experience, it being understood that the Account Xxxxxx who has carried out transactions on a type of financial instrument prior to 1 November 2007 is presumed to have the required level of experience and knowledge to understand the risks and will therefore not be assessed for transactions that they carry out on these products after this date. In compliance with the applicable regulations, SGSS acts honestly, loyally and professionally, serving the best interests of the Account Holder and fostering market integrity. In particular, it respects all rules established to organise the workings of the regulated markets and the multilateral trading facilities on which it operates.

Order Processing Procedures. The Account XxxxxxHolder’s orders can be processed in two ways: • The first, known as “simple execution”, which applies to transactions initiated by the Account Holder on products that are not particularly complex as defined by the applicable regulations (shares traded on a regulated market, bonds and other forms of GENERAL TERMS AND CONDITIONS securitised debt without embedded derivatives, etc.). In this case, SGSS transmits orders to the traders for simple execution without any checks as to the appropriateness of the product. • On the other hand, with complex or high-risk products, upon the first transaction, SGSS must assess the Account Holder’s degree of understanding of the risks inherent in the product in question. SGSS is obliged to ask the Account Holder for information concerning his/her knowledge and experience, it being understood that the Account Xxxxxx Holder who has carried out transactions on a type of financial instrument prior to 1 November 2007 is presumed to have the required level of experience and knowledge to understand the risks and will therefore not be assessed for transactions that they carry out on these products after this date. In compliance with the applicable regulations, SGSS acts honestly, loyally and professionally, serving the best interests of the Account Holder and fostering market integrity. In particular, it respects all rules established to organise the workings of the regulated markets and the multilateral trading facilities on which it operates.

Order Processing Procedures. The Account XxxxxxHolder’s orders can be processed in two ways: •  The first, known as “simple execution”, which applies to transactions initiated by the Account Holder on products that are not particularly complex as defined by the applicable regulations (shares traded on a regulated market, bonds and other forms of GENERAL TERMS AND CONDITIONS securitised debt without embedded derivatives, etc.). In this case, SGSS transmits orders to the traders for simple execution without any checks as to the appropriateness of the product. •  On the other hand, with complex or high-risk products, upon the first transaction, SGSS must assess the Account Holder’s degree of understanding of the risks inherent in the product in question. GENERAL TERMS AND CONDITIONS SGSS is obliged to ask the Account Holder for information concerning his/her knowledge and experience, it being understood that the Account Xxxxxx Holder who has carried out transactions on a type of financial instrument prior to 1 November 2007 is presumed to have the required level of experience and knowledge to understand the risks and will therefore not be assessed for transactions that they carry out on these products after this date. In compliance with the applicable regulations, SGSS acts honestly, loyally and professionally, serving the best interests of the Account Holder and fostering market integrity. In particular, it respects all rules established to organise the workings of the regulated markets and the multilateral trading facilities on which it operates.

Order Processing Procedures. The Account XxxxxxHolder’s orders can be processed in two ways: • The first, known as “simple execution”, which applies to transactions initiated by the Account Holder on products that are not particularly complex as defined by the applicable regulations (shares traded on a regulated market, bonds and other forms of GENERAL TERMS AND CONDITIONS securitised debt without embedded derivatives, etc.). In this case, SGSS transmits orders to the traders for simple execution without any checks as to the appropriateness of the product. • On the other hand, with complex or high-risk products, upon the first transaction, SGSS must assess the Account Holder’s degree of understanding of the risks inherent in the product in question. SGSS is obliged to ask the Account Holder for information concerning his/her knowledge and experience, it being understood that the GENERAL TERMS AND CONDITIONS Account Xxxxxx Holder who has carried out transactions on a type of financial instrument prior to 1 November 2007 is presumed to have the required level of experience and knowledge to understand the risks and will therefore not be assessed for transactions that they carry out on these products after this date. In compliance with the applicable regulations, SGSS acts honestly, loyally and professionally, serving the best interests of the Account Holder and fostering market integrity. In particular, it respects all rules established to organise the workings of the regulated markets and the multilateral trading facilities on which it operates.

Order Processing Procedures. The Account Xxxxxx’s orders can be processed in two ways: • The first, known as “simple execution”, which applies to transactions initiated by the Account Holder on products that are not particularly complex as defined by the applicable regulations (shares traded on a regulated market, bonds and other forms of GENERAL TERMS AND CONDITIONS securitised debt without embedded derivatives, etc.). In this case, SGSS transmits orders to the traders for simple execution without any checks as to the appropriateness of the product. • On the other hand, with complex or high-risk products, upon the first transaction, SGSS must assess the Account Holder’s degree of understanding of the risks inherent in the product in question. SGSS XXXX is obliged to ask the Account Holder for information concerning his/her knowledge and experience, it being understood that the GENERAL TERMS AND CONDITIONS Account Xxxxxx who has carried out transactions on a type of financial instrument prior to 1 November 2007 is presumed to have the required level of experience and knowledge to understand the risks and will therefore not be assessed for transactions that they carry out on these products after this date. In compliance with the applicable regulations, SGSS acts honestly, loyally and professionally, serving the best interests of the Account Holder and fostering market integrity. In particular, it respects all rules established to organise the workings of the regulated markets and the multilateral trading facilities on which it operates.