OTC Transactions. In providing a liquid market and prices for OTC transactions, the Customer hereby acknowledges and agrees that DBS Xxxxxxx (or any person authorised by DBS Xxxxxxx to accept OTC Orders) may quote OTC prices from other regulated financial institutions to Customers or act as market-makers to Customers in providing bids and offers to be traded under DBS Xxxxxxx’ market-making accounts.
OTC Transactions. 2.5.1 In providing a market and prices for OTC Transactions, UOBBF hereby notifies and the Customer hereby consents to UOBBF's prior notification that its dealing staff authorised by UOBBF to accept Orders may quote OTC prices by reference to prices from other regulated financial institutions to their customer counterparties but such prices may not be the same as the prices that UOBBF may be able to secure from such parties for its own contracts with such parties or otherwise act as market-makers to customers in providing its own bids and offers for trades with UOBBF on an OTC basis.
2.5.2 Unless otherwise specified,
(a) UOBBF shall act as principal to the Customer in respect of OTC Transactions; and
(b) all OTC Transactions (regardless of whether the underlying subject matter is traded on an exchange or whose specifications mirror the referenced Commodity traded on an exchange) are entered into on the basis that they shall be cash settled and not physically settled.
2.5.3 UOBBF shall with respect to any and all OTC Transactions be the calculation agent for all underlying reference pricings of a Transaction and all relevant settlement and other pricing for the purposes of determining the respective rights and obligations of the parties by reference to such pricing.
2.5.4 UOBBF does not assume any obligation or duty to, or any relationship of agency or trust for or with the Customer for such Transactions (the Customer acknowledging that such obligations are inconsistent with a principal to principal relationship between the parties).
2.5.5 Any determinations and calculations by UOBBF shall (in the absence of manifest error) be final and binding on the Customer, provided that UOBBF has acted in good faith and in a commercially reasonable manner.
2.5.6 In the event of a determination by UOBBF in good faith that any material disruption to the price source set out in the terms for any Transaction or in a relevant reference market has occurred (each such event a "Market Disruption Event"), UOBBF may determine in good faith and in a commercially reasonable manner the market pricing of the underlying reference instrument for the purposes of the parties' respective rights and obligations under such Transaction and its determination shall be final and binding on the parties.
2.5.7 UOBBF has the sole discretion to determine:
(a) whether a Market Disruption Event has occurred during the life of a Transaction or on its Settlement Date and if such Market Disruption Even...
OTC Transactions. 5.1 Unless otherwise agreed, Xxxxxxx will enter OTC Transactions as principal. You agree that you will enter into OTC Transactions as principal and not as agent on behalf of any other party, unless otherwise expressly agreed by Xxxxxxx in writing. Subject to the foregoing, Xxxxxxx’s duties and obligations under this Agreement and any OTC Transaction shall be solely to you and, unless expressly agreed otherwise, Binance accepts no duties, obligations or responsibilities to any other party, regardless of whether Binance is made aware of any such third-parties.
5.2 You acknowledge and agree that the OTC Services are provided on a non-advised basis, meaning that Binance will not provide you with any advice as to the merits of any OTC Transactions. You acknowledge and agree that you are solely responsible for any decisions taken in respect of any Trade Instructions, Orders or OTC Transactions made. Binance will not provide you with any investment, legal, tax or other form of advice, nor can you request any such advice from Binance.
5.3 You acknowledge and agree that the terms in this Agreement shall be further supplemented by Trading Rules, where applicable. In the event of any conflict or inconsistency between the terms in this Agreement and the Trading Rules, the Trading Rules shall prevail with respect to the services contemplated hereunder unless expressly stated otherwise. You further acknowledge and agree that to the extent that you are entering into an OTC Transaction in respect of Futures, you shall be deemed to have agreed and accepted, and undertake to comply with, the terms of the [Futures Service Agreement](www.%suffixOrigin%/%locale%/binance-futures-services-agreement) (the “FSA”), which terms shall apply to all OTC Transactions in Futures and shall be deemed to supplement and form part of this Agreement. In the event of any conflict or inconsistency between the terms of the FSA and the terms of this Agreement, the terms of the FSA shall prevail with respect to OTC Transactions in Futures only.
5.4 You acknowledge and agree that you bear sole responsibility for any reporting of OTC Transactions as may be required under applicable law and regulation and that Binance will not provide any infrastructure, support or assistance with respect to the reporting of OTC Transactions.
5.5 Binance offers no representation as to or guarantee of liquidity in any Digital Asset and you acknowledge and agree that Xxxxxxx has no ability to control liquidity and that ...
OTC Transactions. In certain jurisdictions and in restricted circumstances only, companies are allowed to effect OTC transactions. A company with which Client deals may be Client’s counterparty to the transaction. WEALTH GOLD GROUP Company Limited (hereinafter referred to as “WGGCL”) acts as a direct counterparty to Client in many precious metal transactions. WGGCL has the right to refuse to accept or guarantee any order. Therefore, it may be difficult or impossible to close a position, to assess its value, to determine a fair price or to assess risks. For these reasons, such transactions may involve greater risks. OTC transactions may be less regulated or subject to a different regulatory system. Before starting such transactions, Client should get familiar with the applicable provisions and the relevant risks.
OTC Transactions. Xxxxx performs Swipe procedure.
OTC Transactions. On all over-the-counter transactions for Introduced Accounts, the Introducing Broker shall furnish the Clearing Broker with the names of the respective purchasing and selling broker-dealers (except as otherwise provided below), the names of the purchasing and selling Customers, and the wholesale and retail purchase and sale prices. When the selection of the contra broker in an over-the-counter transaction is left to the Clearing Broker's discretion, the Clearing Broker will assume responsibility for any failure to pay by the contra broker. When the Introducing Broker executes its own over-the-counter order or designates the contra broker, in the event that the over-the-counter contra broker fails to perform its part of the transaction, the Introducing Broker will reimburse the Clearing Broker for any loss sustained thereby. The Clearing Broker reserves the right at any time to limit the size of transactions that the Clearing Broker will accept for clearance in these circumstances. If, after the Introducing Broker has received notice of such limitation, the Introducing Broker executes an order in excess of the limit established by the Clearing Broker, the Clearing Broker shall have the right to notify the other party and other dealer that it will not accept the transaction for clearance and settlement.
OTC Transactions. When trading CFDs or FX Contracts with us, such Transactions will not be executed on a recognized or designated investment exchange and are known as OTC transactions. All positions entered into with us must be closed with us and cannot be closed with any other entity. OTC transactions may involve greater risk than investing in on-exchange contracts because there is no exchange market on which to close out an open position. It may be impossible to liquidate an existing position, to assess the value of the position arising from an OTC transaction or to assess the exposure to risk. Bid Prices and Ask Prices need not be quoted by us, based on best execution policies applicable in the market. There is no central clearing and no guarantee by any other party of the Company’s payment obligations to the Customer. The Customer must look only to the Company for performance of all contracts in the Customer’s Account and for return of any Margin or collateral.
OTC Transactions in certain jurisdictions. Customer placing an order for a transaction on an Exchange may, as a matter of local law, receive an over the counter (“OTC”) product that resembles the relevant Exchange’s contract in all material respects, except that such transactions may be deemed “principal” transactions with Broker. All such transactions shall be deemed Transactions, generated on an Exchange for the purposes of this Agreement, and Customer disclaims and waives and fully indemnifies Broker for all claims of any kind which are directly or indirectly related to the legal status of such Transactions. OTC Transactions may not be afforded the same level of regulatory protections as Transactions executed on or cleared through an Exchange.
