Common use of Our Discretions Clause in Contracts

Our Discretions. 2.10.1 Various clauses of this Client Agreement confer discretions on us to act in circumstances that are set out in the relevant provision. We have discretions under this Client Agreement which can affect your Contracts. You do not have anypower or right to direct how we exercise those discretions. 2.10.2 In exercising such discretions, we will act in accordance with the following: (a) We will have due regard to our commercial objectives, which include:  maintaining our reputation as a product issuer;  responding to market forces;  managing all forms of risks, including, but not limited to operational risk and market risk; and  complying with our legal obligations as a holder of an AFSL; (b) we will act when necessary to protect our Position in relation to the trade or event; and (c) we will take into account the circumstances existing at the time and required by the relevant provision. 2.10.3 We will try to act reasonably in exercising our discretion, but we are not obliged to act in your best interests or to avoid or minimise a loss in your Account.

Our Discretions. 2.10.1 2.8.1 Various clauses of this Client Agreement confer discretions on us to act in circumstances that are set out in the relevant provision. We have discretions under this Client Agreement which can affect your Contracts. You do not have anypower any power or right to direct how we exercise those discretions. 2.10.2 2.8.2 In exercising such discretions, we will act in accordance with the following: (a) We will have due regard to our commercial objectives, which include:  • maintaining our reputation as a product issuer;  • responding to market forces;  • managing all forms of risks, including, but not limited to operational risk and market risk; and  • complying with our legal obligations as a holder of an AFSL; (b) we will act when necessary to protect our Position in relation to the trade or event; and (c) we will take into account the circumstances existing at the time and required by the relevant provision. 2.10.3 2.8.3 We will try to act reasonably in exercising our discretion, but we are not obliged to act in your best interests or to avoid or minimise a loss Loss in your Account.

Our Discretions. 2.10.1 2.8.1 Various clauses of this Client Agreement confer discretions on us to act in circumstances that are set out in the relevant provision. We have discretions under this Client Agreement which can affect your Contracts. You do not have anypower any power or right to direct how we exercise those discretions. 2.10.2 2.8.2 In exercising such discretions, we will act in accordance with the following:following:‌ (a) We will have due regard to our commercial objectives, which include:  • maintaining our reputation as a product issuer;  • responding to market forces;  forces;‌ • managing all forms of risks, including, but not limited to operational risk and market risk; and  • complying with our legal obligations as a holder of an AFSLDerivatives Issuer Licence; (b) we will act when necessary to protect our Position in relation to the trade or event; and (c) we will take into account the circumstances existing at the time and required by the relevant provision. 2.10.3 2.8.3 We will try to act reasonably in exercising our discretion, but we are not obliged to act in your best interests or to avoid or minimise a loss Loss in your Account.Account.‌

Our Discretions. 2.10.1 2.8.1 Various clauses of this Client Agreement confer discretions on us to act in circumstances that are set out in the relevant provision. We have discretions under this Client Agreement which can affect your Contracts. You do not have anypower any power or right to direct how we exercise those discretions.discretions.‌ 2.10.2 2.8.2 In exercising such discretions, we will act in accordance with the following: (a) We will have due regard to our commercial objectives, which include:  • maintaining our reputation as a product issuer;  issuer;‌ • responding to market forces;  • managing all forms of risks, including, but not limited to operational risk and market risk; and  • complying with our legal obligations as a holder of an AFSL;AFSL;‌ (b) we will act when necessary to protect our Position in relation to the trade or event; and (c) we will take into account the circumstances existing at the time and required by the relevant provision. 2.10.3 2.8.3 We will try to act reasonably in exercising our discretion, but we are not obliged to act in your best interests or to avoid or minimise a loss Loss in your Account.

Our Discretions. 2.10.1 2.9.1 Various clauses of this Client Agreement confer discretions on us to act in circumstances that are set out in the relevant provision. We have discretions under this Client Agreement which can affect your Contracts. You do not have anypower any power or right to direct how we exercise those discretions. 2.10.2 2.9.2 In exercising such discretions, we will act in accordance with the following: (a) We will have due regard to our commercial objectives, which include:  include:‌ • maintaining our reputation as a product issuer;  • responding to market forces;  forces;‌ • managing all forms of risks, including, but not limited to operational risk and market risk; and  • complying with our legal obligations as a holder of an AFSL; (b) we will act when necessary to protect our Position in relation to the trade or event; and (c) we will take into account the circumstances existing at the time and required by the relevant provision. 2.10.3 2.9.3 We will try to act reasonably in exercising our discretion, but we are not obliged to act in your best interests or to avoid or minimise a loss Loss in your Account.Account.‌

Our Discretions. 2.10.1 2.8.1 Various clauses of this Client Agreement Terms and Conditions confer discretions on us to act in circumstances that are set out in the relevant provision. We have discretions under this Client Agreement Terms and Conditions which can affect your Contracts. You do not have anypower any power or right to direct how we exercise those discretions. 2.10.2 2.8.2 In exercising such discretions, we will act in accordance with the following: (a) We will have due regard to our commercial objectives, which include:  • maintaining our reputation as a product issuer;  • responding to market forces;  • managing all forms of risks, including, but not limited to operational risk and market risk; and  • complying with our legal obligations as a holder of an AFSL; (b) we will act when necessary to protect our Position in relation to the trade or event; and (c) we will take into account the circumstances existing at the time and required by the relevant provision. 2.10.3 2.8.3 We will try to act reasonably in exercising our discretion, but we are not obliged to act in your best interests or to avoid or minimise a loss Loss in your Account.

Our Discretions. 2.10.1 2.9.1 Various clauses of this Client Agreement Terms and Conditions confer discretions on us to act in circumstances that are set out in the relevant provision. We have discretions under this Client Agreement Terms and Conditions which can affect your Contracts. You do not have anypower any power or right to direct how we exercise those discretions. 2.10.2 2.9.2 In exercising such discretions, we will act in accordance with the following: (a) We will have due regard to our commercial objectives, which include:  • maintaining our reputation as a product issuer;  • responding to market forces;  • managing all forms of risks, including, but not limited to operational risk and market risk; and  • complying with our legal obligations as a holder of an AFSL; (b) we will act when necessary to protect our Position in relation to the trade or event; and (c) we will take into account the circumstances existing at the time and required by the relevant provision. 2.10.3 2.9.3 We will try to act reasonably in exercising our discretion, but we are not obliged to act in your best interests or to avoid or minimise a loss Loss in your Account.