{"component": "clause", "props": {"groups": [{"size": 4, "snippet": "The AIF shall invest virtually exclusively in physical HELVETIA Gold Ounces. A small proportion of the AIF's assets shall be held in the form of liquid instruments in order to safeguard the liquidity of the AIF. To ensure that its liquidity is managed efficiently and to maximise the desired investment focus the AIF may also place a small proportion of its assets in indirect gold investments as specified in Annex B, \"AIF summary\". The price performance of gold ounces is directly dependent on the performance of the gold price. Accordingly, a slump in the price of gold would mean a corresponding fall in the value of the AIF, and in the worst-case scenario could result in the loss of the entire investment. The price of AIF units shall not be hedged against falls in the gold price and no sales of physical gold shall be made at such times.", "samples": [{"hash": "gU3GjqQc4xU", "uri": "/contracts/gU3GjqQc4xU#price-risk", "label": "Trust Agreement", "score": 32.1893395841, "published": true}, {"hash": "dWeMqhaJn2y", "uri": "/contracts/dWeMqhaJn2y#price-risk", "label": "Trust Agreement", "score": 22.8494182067, "published": true}], "snippet_links": [{"key": "form-of", "type": "definition", "offset": [137, 144]}, {"key": "in-order-to", "type": "clause", "offset": [164, 175]}, {"key": "to-ensure", "type": "clause", "offset": [212, 221]}, {"key": "gold-investments", "type": "definition", "offset": [377, 393]}, {"key": "as-specified", "type": "clause", "offset": [394, 406]}, {"key": "annex-b", "type": "definition", "offset": [410, 417]}, {"key": "the-price", "type": "clause", "offset": [434, 443]}, {"key": "the-performance", "type": "clause", "offset": [496, 511]}, {"key": "gold-price", "type": "definition", "offset": [519, 529]}, {"key": "price-of-gold", "type": "definition", "offset": [559, 572]}, {"key": "the-value", "type": "clause", "offset": [608, 617]}, {"key": "loss-of", "type": "definition", "offset": [681, 688]}, {"key": "no-sales", "type": "clause", "offset": [791, 799]}, {"key": "physical-gold", "type": "definition", "offset": [803, 816]}], "hash": "acce252a6b383dd106d4bfa27e09e550", "id": 4}, {"size": 6, "snippet": "13.1 Unit Trusts can be volatile instruments and may be subject to considerable fluctuations in value. The value of a unit trust may fall as rapidly as it may rise due to numerous factors, including, but not limited to systematic risks, variations in the frequency and magnitude of changes in interest / profit rates, inflation outlook (and the price/level of any underlying reference instrument to which the unit trust relates (e.g., securities, commodities, funds, rates and/or indices)).", "samples": [{"hash": "kspwi3NSkIF", "uri": "/contracts/kspwi3NSkIF#price-risk", "label": "Investment Services Agreement", "score": 35.4202784577, "published": true}, {"hash": "gLeUw1Kcyfa", "uri": "/contracts/gLeUw1Kcyfa#price-risk", "label": "Investment Services Agreement", "score": 35.1330288163, "published": true}], "snippet_links": [{"key": "unit-trusts", "type": "clause", "offset": [5, 16]}, {"key": "subject-to", "type": "definition", "offset": [56, 66]}, {"key": "value-of-a-unit", "type": "definition", "offset": [107, 122]}, {"key": "not-limited", "type": "clause", "offset": [204, 215]}, {"key": "variations-in-the", "type": "clause", "offset": [237, 254]}, {"key": "frequency-and", "type": "definition", "offset": [255, 268]}, {"key": "changes-in-interest", "type": "clause", "offset": [282, 301]}, {"key": "the-price", "type": "clause", "offset": [341, 350]}, {"key": "reference-instrument", "type": "definition", "offset": [375, 395]}, {"key": "the-unit", "type": "clause", "offset": [405, 413]}], "hash": "0e0d365059b7673c5fc54ac7bb2ea9d5", "id": 1}, {"size": 5, "snippet": "14.1 Equity and/or Debt Securities can be volatile instruments and may be subject to considerable fluctuations in value. The value of an Equity and/or Debt Security may fall as rapidly as it may rise due to numerous factors, including, but not limited to systematic risks, variations in the frequency and magnitude of changes in interest / profit rates, inflation outlook (and the price/level of any underlying reference instrument to which the security relates (e.g., other securities, commodities, funds, rates and/or indices)).", "samples": [{"hash": "kspwi3NSkIF", "uri": "/contracts/kspwi3NSkIF#price-risk", "label": "Investment Services Agreement", "score": 35.4202784577, "published": true}, {"hash": "gLeUw1Kcyfa", "uri": "/contracts/gLeUw1Kcyfa#price-risk", "label": "Investment Services Agreement", "score": 35.1330288163, "published": true}, {"hash": "k79rdijV7vu", "uri": "/contracts/k79rdijV7vu#price-risk", "label": "Investment Services Agreement", "score": 33.9340618162, "published": true}], "snippet_links": [{"key": "debt-securities", "type": "clause", "offset": [19, 34]}, {"key": "subject-to", "type": "definition", "offset": [74, 84]}, {"key": "the-value", "type": "clause", "offset": [121, 130]}, {"key": "debt-security", "type": "definition", "offset": [151, 164]}, {"key": "not-limited", "type": "clause", "offset": [240, 251]}, {"key": "variations-in-the", "type": "clause", "offset": [273, 290]}, {"key": "frequency-and", "type": "definition", "offset": [291, 304]}, {"key": "changes-in-interest", "type": "clause", "offset": [318, 337]}, {"key": "the-price", "type": "clause", "offset": [377, 386]}, {"key": "reference-instrument", "type": "definition", "offset": [411, 431]}, {"key": "the-security", "type": "clause", "offset": [441, 453]}, {"key": "other-securities", "type": "definition", "offset": [469, 485]}], "hash": "b789541f0471fd53a0a4d239a9671eb6", "id": 2}, {"size": 4, "snippet": "The prices of Precious Metal depend on movements in the financial markets. As a result, the value of Precious Metal can fluctuate and the price of your Precious Metal can be lower than the price for which you purchased it. If the value of your Precious Metal drops to zero, you could lose the value of your whole investment. The price of the Precious Metal at the time that you enter an order through the Depository Online website is not necessarily the price at which the order shall be executed as a delay in the execution can occur. This applies in particular - but not exclusively - to orders that are placed outside of Business Days.", "samples": [{"hash": "i1tkaFYI5ss", "uri": "/contracts/i1tkaFYI5ss#price-risk", "label": "Depository Online Agreement", "score": 22.613963039, "published": true}, {"hash": "cbbxz2suyAX", "uri": "/contracts/cbbxz2suyAX#price-risk", "label": "Depository Online Agreement", "score": 21.8199863107, "published": true}, {"hash": "3donS8ffylm", "uri": "/contracts/3donS8ffylm#price-risk", "label": "Depository Online Agreement", "score": 21.052019165, "published": true}], "snippet_links": [{"key": "precious-metal", "type": "definition", "offset": [14, 28]}, {"key": "financial-markets", "type": "clause", "offset": [56, 73]}, {"key": "the-value", "type": "clause", "offset": [88, 97]}, {"key": "the-price", "type": "clause", "offset": [134, 143]}, {"key": "to-zero", "type": "definition", "offset": [265, 272]}, {"key": "price-of-the", "type": "clause", "offset": [329, 341]}, {"key": "at-the-time", "type": "clause", "offset": [357, 368]}, {"key": "an-order", "type": "clause", "offset": [384, 392]}, {"key": "the-depository", "type": "clause", "offset": [401, 415]}, {"key": "the-execution", "type": "clause", "offset": [511, 524]}, {"key": "in-particular", "type": "clause", "offset": [549, 562]}, {"key": "business-days", "type": "clause", "offset": [624, 637]}], "hash": "535140bb69fb763b602c68abe1724278", "id": 3}, {"size": 3, "snippet": "Price risk can come from a variety of sources as follows:", "samples": [{"hash": "aM6a5p28wlw", "uri": "/contracts/aM6a5p28wlw#price-risk", "label": "General Terms and Conditions", "score": 24.7166324435, "published": true}, {"hash": "cY49Z2bg27u", "uri": "/contracts/cY49Z2bg27u#price-risk", "label": "General Terms and Conditions", "score": 23.8925393566, "published": true}, {"hash": "iOPhQ9yqALK", "uri": "/contracts/iOPhQ9yqALK#price-risk", "label": "General Terms and Conditions", "score": 23.4010951403, "published": true}], "snippet_links": [], "hash": "693788908f0cc7af44ba4fa115adf263", "id": 5}, {"size": 2, "snippet": "The Client must understand that the market trading price of this product is subject to significant fluctuations without any limit on the range of price movement. The maximum potential loss could result in the forfeiture of all invested principal.", "samples": [{"hash": "lgQ38S6oqHF", "uri": "/contracts/lgQ38S6oqHF#price-risk", "label": "Account Opening General Agreement", "score": 34.848342588, "published": true}], "snippet_links": [{"key": "the-client-must", "type": "clause", "offset": [0, 15]}, {"key": "the-market", "type": "definition", "offset": [32, 42]}, {"key": "trading-price", "type": "definition", "offset": [43, 56]}, {"key": "subject-to", "type": "definition", "offset": [76, 86]}, {"key": "potential-loss", "type": "definition", "offset": [174, 188]}], "hash": "dace24a641611d07494d48056edcd214", "id": 6}, {"size": 2, "snippet": "The price of Bitcoin and other cryptocurrencies are highly volatile. It is possible for prices to increase or decrease by over 100% in a single day. Although this could mean potential profits, this also could mean potential losses. Only invest money which you are ready to lose. Cryptocurrency trading may not be suitable for all users of this Website. Anyone looking to invest in cryptocurrencies should consult a fully qualified independent professional financial adviser.", "samples": [{"hash": "bnT77mM7nsJ", "uri": "/contracts/bnT77mM7nsJ#price-risk", "label": "User Agreement", "score": 25.8323066393, "published": true}], "snippet_links": [{"key": "the-price", "type": "clause", "offset": [0, 9]}, {"key": "increase-or-decrease", "type": "clause", "offset": [98, 118]}, {"key": "single-day", "type": "clause", "offset": [137, 147]}, {"key": "ready-to", "type": "clause", "offset": [264, 272]}, {"key": "all-users", "type": "clause", "offset": [326, 335]}, {"key": "invest-in", "type": "clause", "offset": [371, 380]}, {"key": "fully-qualified", "type": "definition", "offset": [415, 430]}, {"key": "independent-professional", "type": "definition", "offset": [431, 455]}, {"key": "financial-adviser", "type": "definition", "offset": [456, 473]}], "hash": "8bd0c25aed5391b82726e6f23ab98c96", "id": 7}, {"size": 1, "snippet": "Price risk is the risk that the value of the instruments will fluctuate as a result of changes in market prices not related to interest rate risk or currency risk, whether those changes are caused by factors specific to an individual investment, its issuer or factors affecting all instruments traded in the market. As at 31 March 2016 the Company does not hold any financial instruments subject to price risk.", "samples": [{"hash": "60lJnXO8uyw", "uri": "/contracts/60lJnXO8uyw#price-risk", "label": "Merger Agreement (Green Dragon Wood Products, Inc.)", "score": 26.0910335387, "published": true}], "snippet_links": [{"key": "the-risk", "type": "definition", "offset": [14, 22]}, {"key": "the-value", "type": "clause", "offset": [28, 37]}, {"key": "the-instruments", "type": "clause", "offset": [41, 56]}, {"key": "market-prices", "type": "definition", "offset": [98, 111]}, {"key": "related-to", "type": "clause", "offset": [116, 126]}, {"key": "interest-rate-risk", "type": "definition", "offset": [127, 145]}, {"key": "currency-risk", "type": "definition", "offset": [149, 162]}, {"key": "caused-by", "type": "clause", "offset": [190, 199]}, {"key": "individual-investment", "type": "definition", "offset": [223, 244]}, {"key": "all-instruments", "type": "clause", "offset": [278, 293]}, {"key": "traded-in", "type": "definition", "offset": [294, 303]}, {"key": "the-market", "type": "definition", "offset": [304, 314]}, {"key": "march-2016", "type": "clause", "offset": [325, 335]}, {"key": "the-company", "type": "definition", "offset": [336, 347]}, {"key": "financial-instruments", "type": "clause", "offset": [366, 387]}, {"key": "subject-to", "type": "definition", "offset": [388, 398]}], "hash": "16ff2a1691dbf3cd4461fcbcdb897788", "id": 8}, {"size": 1, "snippet": "The value of Supported Currencies is subject to the risks of unpredictable and sometimes dramatic market fluctuations which may result in Company\u2019s deposits in a Multi-Currency Account being reduced in value compared to other Currencies. A decline in a Supported Currency\u2019s Exchange Rate relative to other Currencies may reduce Company\u2019s earnings or may reduce the U.S. Dollar equivalent of the principal amount deposited in a Multi-Currency Account.", "samples": [{"hash": "lpHbv43E77K", "uri": "/contracts/lpHbv43E77K#price-risk", "label": "Treasury Management Services Agreement", "score": 33.473955989, "published": true}], "snippet_links": [{"key": "the-value", "type": "clause", "offset": [0, 9]}, {"key": "supported-currencies", "type": "definition", "offset": [13, 33]}, {"key": "the-risks", "type": "clause", "offset": [48, 57]}, {"key": "market-fluctuations", "type": "clause", "offset": [98, 117]}, {"key": "currency-account", "type": "definition", "offset": [168, 184]}, {"key": "other-currencies", "type": "clause", "offset": [220, 236]}, {"key": "supported-currency", "type": "definition", "offset": [253, 271]}, {"key": "exchange-rate", "type": "definition", "offset": [274, 287]}, {"key": "the-us", "type": "clause", "offset": [361, 368]}, {"key": "principal-amount-deposited", "type": "definition", "offset": [395, 421]}], "hash": "766074f26a0f16cca767bdc943b4a504", "id": 9}, {"size": 1, "snippet": "The price risk is defined as when the value of the Fund, due to its holdings in such securities rises and falls as a result of change in interest rates.", "samples": [{"hash": "25Ncur2IbXp", "uri": "/contracts/25Ncur2IbXp#price-risk", "label": "Trust Deed", "score": 23.8670395575, "published": true}], "snippet_links": [{"key": "the-price", "type": "clause", "offset": [0, 9]}, {"key": "value-of-the-fund", "type": "definition", "offset": [38, 55]}, {"key": "change-in-interest-rates", "type": "clause", "offset": [127, 151]}], "hash": "dcb97627c3d0e07374060ec38728d8b3", "id": 10}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNwcmljZS1yaXNrIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["risks", "Risks"], ["risks-of-pooling", "RISKS OF POOLING"], ["miscellaneous", "MISCELLANEOUS"], ["other", "Other"], ["the-merger", "THE MERGER"]], "size": 29, "children": [["basis-risk", "Basis Risk"], ["commodity-price-risk", "Commodity Price Risk"]], "title": "Price Risk", "id": "price-risk", "related": [["market-risk", "Market Risk", "Market Risk"], ["economic-risk", "Economic Risk", "Economic Risk"], ["country-risk", "Country Risk", "Country Risk"], ["delivery-risk-of-loss", "Delivery; Risk of Loss", "Delivery; Risk of Loss"], ["purchaser-bears-economic-risk", "Purchaser Bears Economic Risk", "Purchaser Bears Economic Risk"]], "related_snippets": [], "updated": "2025-07-07T16:38:45+00:00", "also_ask": [], "drafting_tip": "Specify price adjustment mechanisms to address market fluctuations, define risk allocation to clarify party responsibilities, and set notification requirements to ensure timely communication of price changes.", "explanation": "The Price Risk clause defines how fluctuations in the cost of goods, materials, or services are managed between contracting parties. Typically, it specifies which party bears the risk if market prices increase or decrease during the contract period, and may outline mechanisms for price adjustments or caps. This clause is essential for allocating financial risk, providing predictability, and preventing disputes over unexpected cost changes during the execution of the contract."}, "json": true, "cursor": ""}}