Common use of Pricing Information; Quoting Errors Clause in Contracts

Pricing Information; Quoting Errors. a. The Customer acknowledges: (i) any information communicated to the Customer by Velocity or by any person associated with Velocity, does not constitute an offer to sell or the solicitation of an offer to buy any Instrument or to otherwise enter into a Transaction; (ii) such information, although based upon information obtained from sources believed by Velocity to be reliable, may be incomplete and may be unverified; and (iii) Velocity makes no representation, warranty or guarantee as to, and shall not be responsible for, the accuracy or completeness of any information furnished to the Customer. The Customer acknowledges that Velocity and/or its Associates, officers, directors, members or representatives may have a position in or may intend to buy or sell Transactions, which are the subject of market information furnished to the Customer. The Customer acknowledges that Velocity makes no representations concerning the tax implications or treatment of Transactions. b. Should a quoting error occur due to a mistype of a quote or misquote given by telephone or over the Electronic Trading Platform (including responses to Orders), Velocity is not liable for any resulting errors in Account balances and reserves the right to close, void or make corrections to any Transaction that is affected by a quoting error. Velocity may take into account all information including, without limitation, information concerning all relevant market conditions, any error in, or lack of clarity of, any information, source or announcement when determining the existence of a quoting error. Any dispute arising from such quoting errors will be resolved based on the fair market value, as determined by Velocity, in its sole discretion, acting reasonably, of the relevant currency at the time such an error occurred. The Customer must review and report immediately errors on Confirmations and Statements. Failure to notify Velocity immediately of any error or omission will bind the Customer to the terms of such Confirmation or Statement, as the case maybe.

Pricing Information; Quoting Errors. a. 12.9.1 The Customer Client acknowledges: (i) any information communicated to the Customer Client by Velocity or by any person associated with Velocity, does not constitute an offer to sell or the solicitation of an offer to buy any Instrument or to otherwise enter into a TransactionOTC FX contract; (ii) such information, although based upon information obtained from sources believed by Velocity to be reliable, may be incomplete and may be unverified; and (iii) Velocity makes no representation, warranty or guarantee as to, and shall not be responsible for, the accuracy or completeness of any information furnished to the CustomerClient. The Customer Client acknowledges that Velocity and/or its Associates, officers, directors, affiliates, associates, members or representatives may have a position in or may intend to buy or sell TransactionsOTC FX, which are the subject of market information furnished to the CustomerClient. The Customer Client acknowledges that Velocity makes no representations concerning the tax implications or treatment of Transactionscontracts. b. 12.9.2 Should a quoting error occur due to a mistype of a quote or misquote given by telephone or over the Electronic Trading Platform an electronic trading platform (including responses to Ordersthe Client requests), Velocity is not liable for any resulting errors in Account account balances and reserves the right to close, void or make corrections amends to any Transaction that is affected by a quoting error. Velocity may take into account all information including, without limitation, information concerning all relevant market conditions, any error in, or lack of clarity of, any information, source or announcement when determining the existence of a quoting error. Any dispute arising from such quoting errors will be resolved based on the basis of the fair market value, as determined by Velocity, in its sole discretion, acting reasonably, of the relevant currency at the time such an error occurred. The Customer Client must review and report immediately errors on Confirmations confirmations and Statementsstatements. Failure to notify Velocity immediately of any error or omission will bind the Customer Client to the terms of such Confirmation confirmation or Statementstatement, as the case maybe.

Pricing Information; Quoting Errors. a. The A. Customer acknowledges: (i) any information communicated to the Customer by Velocity KGIL or by any person associated with Velocitywithin the company, does not constitute an offer to sell or the solicitation of an offer to buy any Instrument or to otherwise enter into a Transaction; OTC FX contract, (ii) such information, although based upon information obtained from sources believed by Velocity KGIL to be reliable, may be incomplete and may be unverified; , and (iii) Velocity KGIL makes no representation, warranty or guarantee as to, and shall not be responsible for, the accuracy or completeness of any information furnished to the Customer. The Customer acknowledges that Velocity KGIL and/or its Associates, officers, directors, affiliates, associates, members or representatives may have a position in or may intend to buy or sell TransactionsOTC FX, which are the subject of market information furnished to the Customer. The Customer acknowledges that Velocity KGIL makes no representations concerning the tax implications or treatment of Transactionscontracts. b. B. Should a quoting error occur due to a mistype of a quote or misquote given by telephone or over the Electronic Trading Platform (including responses to OrdersCustomer requests), Velocity KGIL is not liable for any resulting errors in Account account balances and reserves the right to close, void make necessary corrections or make corrections to any Transaction that is affected by a quoting error. Velocity may take into account all information including, without limitation, information concerning all relevant market conditions, any error in, or lack of clarity of, any information, source or announcement when determining adjustments on the existence of a quoting errorAccount involved. Any dispute arising from such quoting errors will be resolved based on the basis of the fair market value, as determined by VelocityKGIL, in its sole discretion, acting reasonably, of the relevant currency at the time such an error occurred. The Customer must review and report immediately errors on Confirmations confirmations and Statementsstatements. Failure to notify Velocity KGIL immediately of any error or omission will bind the Customer to the terms of such Confirmation confirmation or Statementstatement, as the case maybe.

Pricing Information; Quoting Errors. a. A. The Customer acknowledges: (i) any information communicated to the Customer by Velocity VTI or by any person associated with VelocityVTI, does not constitute an offer to sell or the solicitation of an offer to buy any Instrument or to otherwise enter into a TransactionOTC FX contract; (ii) such information, although based upon information obtained from sources believed by Velocity VTI to be reliable, may be incomplete and may be unverified; and (iii) Velocity VTI makes no representation, warranty or guarantee as to, and shall not be responsible for, the accuracy or completeness of any information furnished to the Customer. The Customer acknowledges that Velocity VTI and/or its Associates, officers, directors, affiliates, associates, members or representatives may have a position in or may intend to buy or sell TransactionsOTC FX, which are the subject of market information furnished to the Customer. The Customer acknowledges that Velocity VTI makes no representations concerning the tax implications or treatment of Transactionscontracts. b. B. Should a quoting error occur due to a mistype of a quote or misquote given by telephone or over the Electronic Trading Platform an electronic trading platform (including responses to Ordersthe Customer requests), Velocity VTI is not liable for any resulting errors in Account account balances and reserves the right to close, void or make corrections amends to any Transaction that is affected by a quoting error. Velocity VTI may take into account all information including, without limitation, information concerning all relevant market conditions, any error in, or lack of clarity of, any information, source or announcement when determining the existence of a quoting error. Any dispute arising from such quoting errors will be resolved based on the basis of the fair market value, as determined by VelocityVTI, in its sole discretion, acting reasonably, of the relevant currency at the time such an error occurred. The Customer must review and report immediately errors on Confirmations confirmations and Statementsstatements. Failure to notify Velocity VTI immediately of any error or omission will bind the Customer to the terms of such Confirmation confirmation or Statementstatement, as the case maybe.