Common use of Placing Orders Clause in Contracts

Placing Orders. An order is irrevocable. After placing an order through the Depository Online website, you will receive a confirmation of receipt of the order. This confirmation does not constitute a binding acceptance of the instruction to execute the order but is merely acknowledgement of receipt of the order. Any losses resulting from incorrect, incomplete, unclear or inaccurate orders or instructions from you are for your account and risk. When placing an order to buy or sell, you must indicate whether your order is a limit order or a market order. Both limit orders and market orders always contain a limit with regard to the quantity. you must specify how much Precious Metal you wish to buy or sell. The quantity that you specify is regarded as the maximum quantity. We will attempt to fully realise the maximum quantity that you have specified, however, we give no guarantee whatsoever and we have the right to execute the order partially and by so doing we are not liable to you for any losses in this regard. We will use our best endeavours to execute your Limit orders and Market orders as regards price and quantity, in accordance with your instructions. We will not be liable to you in any way for any costs, losses, damage and the like incurred by you if we fail to execute your Limit order or Market order. For example, where international Precious Metal prices suddenly move to a new price level such that trades were not possible at a price between the old and new price, where this is otherwise known as price gapping.

Placing Orders. (a) An order is irrevocable. After placing an order through the Depository Online websiteWebsite, we will send you will receive a confirmation of receipt of the order. This confirmation does not constitute a binding acceptance by us of the instruction to execute the order but is merely acknowledgement of our receipt of the order. Any losses resulting . (b) You bear the risk of any loss arising from incorrect, incomplete, unclear or inaccurate orders or instructions from given by you are for your account and risk. to us. (c) When placing an order to buy or sell, you must indicate whether your order is a limit order Limit Order or a market order. Market Order: (d) Both limit orders Limit Orders and market orders Market Orders always contain a limit with regard regarding the quantity of Precious Metals to the quantitybe purchased or sold. you You must specify how much Precious Metal you wish to buy or sell. The quantity that you specify is regarded as the maximum quantity. We will attempt to fully realise the maximum quantity that you have specified, however. However, we give no do not guarantee whatsoever that the maximum quantity specified will be realised, and you agree that we have the right to partially execute the order partially and by so your order. By doing so, we are not liable to you for any losses in this regard. . (e) We will use our best endeavours to execute your Limit orders Orders and Market orders Orders as regards price and quantity, in accordance with your instructions. We You agree that we will not be liable to you in any way for any costs, losses, damage and the like or other liabilities incurred by you if we fail to execute your Limit order Order or Market order. For example, where international Precious Metal prices suddenly move to a new price level such that trades were not possible at a price between the old and new price, where this is otherwise known as price gappingOrder.