Common use of Purchases and Sales Clause in Contracts

Purchases and Sales. 11.1 You must ensure that payment in full is received by Openmarkets (and not the Intermediary) before the Settlement Date and Time. Unless we agree otherwise, you must ensure there are sufficient funds in your Cash Account (in the case of a purchase) and sufficient Financial Products in your Trading Account (in the case of a sale) to meet your Settlement Obligations before an Order is placed and Openmarkets may assess whether your Cash Account or Trading Account has such funds or products before accepting and Order from you. You agree you will not transfer funds out of your Cash Account before the Settlement Date if such a transfer would result in you being unable to meet your Settlement Obligations. 11.2 In accordance with the provisions of the Corporations Act, and the regulations made under the Corporations Act, pending settlement by you, these Terms and Conditions and the relevant Confirmation (if any) constitutes notice to you that Openmarkets may deposit the Traded Products purchased for you in a particular transaction as security for a loan if Openmarkets has received and paid for such Traded Products on your behalf. 11.3 You must deliver to Openmarkets all documents and security holder information (including the holder identification number or personal identification number and, if applicable, holder reference number) (Security Holder Information) no later than two (2) Business Days before the Settlement Date and Time. Credits in respect of sales are not available until the latest of: a. the Settlement Date and Time; b. when all documents and Security Holder Information have been received by Openmarkets in deliverable form; and c. all amounts due and payable by you to Openmarkets or the Intermediary have been paid. 11.4 Unless Openmarkets has agreed alternative arrangements with you, Openmarkets will pay all sale proceeds directly to you.

Purchases and Sales. 11.1 You must ensure that payment in full is received by Openmarkets (and not the Intermediary) before the Settlement Date and Time. Unless we agree otherwise, you must ensure there are sufficient funds in your Cash Account (in the case of a purchase) and sufficient Financial Products in your Trading Account (in the case of a sale) to meet your Settlement Obligations before an Order is placed and Openmarkets may assess whether your Cash Account or Trading Account has such funds or products before accepting and Order from you. You agree you will not transfer funds out of your Cash Account before the Settlement Date if such a transfer would result in you being unable to meet your Settlement Obligations. 11.2 In accordance with the provisions of the Corporations Xxx 0000 (Cth) (Corporations Act), and the regulations made under the Corporations Act, pending settlement by you, these Terms and Conditions and the relevant Confirmation (if any) constitutes notice to you that Openmarkets may deposit the Traded Products purchased for you in a particular transaction as security for a loan if Openmarkets has received and paid for such Traded Products on your behalf. 11.3 You must deliver to Openmarkets all documents and security holder information (including the holder identification number or personal identification number and, if applicable, holder reference number) (Security Holder Information) no later than two (2) Business Days before the Settlement Date and Time. Credits in respect of sales are not available until the latest of:holder a. the Settlement Date and Time; b. when all documents and Security Holder Information have been received by Openmarkets Open Markets in deliverable form; and c. all amounts due and payable by you to Openmarkets or the Intermediary have been paid. 11.4 Unless Openmarkets has agreed alternative arrangements with you, Openmarkets will pay all sale proceeds directly to you.

Purchases and Sales. 11.1 10.1 You must ensure that payment in full is received by Openmarkets (and not the Intermediary) OpenMarkets before the Settlement Date and Time. Unless we agree otherwise, you must ensure there are sufficient funds in your Cash Account (in the case of a purchase) and sufficient Financial Products in your Trading Account (in the case of a sale) to meet your Settlement Obligations before an Order is placed and Openmarkets OpenMarkets may assess whether your Cash Account or Trading Account has such funds or products before accepting and Order from you. You agree you will not transfer funds out of your Cash Account before the Settlement Date if such a transfer would result in you being unable to meet your Settlement Obligations. 11.2 10.2 In accordance with the provisions of the Corporations Xxx 0000 (Cth) (Corporations Act), and the regulations made under the Corporations Act, pending settlement by you, these Terms and Conditions and the relevant Confirmation (if any) constitutes notice to you that Openmarkets OpenMarkets may deposit the Traded Products purchased for you in a particular transaction as security for a loan if Openmarkets OpenMarkets has received and paid for such Traded Products on your behalf. 11.3 10.3 You must deliver to Openmarkets OpenMarkets all documents and security holder information (including the holder identification number or personal identification number and, if applicable, holder reference number) (Security Holder Information) no later than two (2) Business Days business days before the Settlement Date and Time. Credits in respect of sales are not available until the latest of: a. the Settlement Date and Time; b. when all documents and Security Holder Information have been received by Openmarkets OpenMarkets in deliverable form; and c. all amounts due and payable by you to Openmarkets or the Intermediary OpenMarkets have been paid. 11.4 Unless Openmarkets OpenMarkets has agreed alternative arrangements with you, Openmarkets OpenMarkets will pay all sale proceeds directly to you.

Purchases and Sales. 11.1 ‌ (a) You must ensure that payment in full is received by Openmarkets (and not the Intermediary) before the Settlement Date and Time. Unless we agree otherwise, you must ensure there are sufficient funds in your Cash Account (in the case of a purchase) and sufficient Financial Products in your Trading Account (in the case of a sale) to meet your Settlement Obligations before an Order is placed and Openmarkets may assess whether your Cash Account or Trading Account has such funds or products before accepting and Order from you. You agree you will not transfer funds out of your Cash Account before the Settlement Date if such a transfer would result in you being unable to meet your Settlement Obligations. 11.2 (b) In accordance with the provisions of the Corporations Act, Act and the regulations made under the Corporations Act, pending settlement by you, these Terms and Conditions and the relevant Confirmation (if any) constitutes constitute notice to you that Openmarkets may deposit the Traded Financial Products purchased for you in a particular transaction as security for a loan if Openmarkets has received and paid for such Traded Financial Products on your behalf. 11.3 (c) You must deliver to Openmarkets all documents and security holder information (including the holder identification number or personal identification number and, if applicable, holder reference number) (Security Holder Information) no later than two (2) Business Days before the Settlement Date and Time. Credits in respect of sales are not available until the latest of: a. (i) the Settlement Date and Time; b. (ii) when all documents and Security Holder Information have been received by Openmarkets in deliverable form; and c. (iii) all amounts due and payable by you to Openmarkets or the Intermediary have been paid. 11.4 (d) Unless Openmarkets has agreed to alternative arrangements with you, Openmarkets will pay all sale proceeds directly to you.

Purchases and Sales. 11.1 (a) You must ensure that payment in full is received by Openmarkets (and not the Intermediary) before the Settlement Date and Time. Unless we agree otherwise, you must ensure there are sufficient funds in your Cash Account (in the case of a purchase) and sufficient Financial Products in your Trading Account (in the case of a sale) to meet your Settlement Obligations before an Order is placed and Openmarkets may assess whether your Cash Account or Trading Account has such funds or products before accepting and Order from you. You agree you will not transfer funds out of your Cash Account before the Settlement Date if such a transfer would result in you being unable to meet your Settlement Obligations. 11.2 (b) In accordance with the provisions of the Corporations Act, Act and the regulations made under the Corporations Act, pending settlement by you, these Terms and Conditions and the relevant Confirmation (if any) constitutes constitute notice to you that Openmarkets may deposit the Traded Financial Products purchased for you in a particular transaction as security for a loan if Openmarkets has received and paid for such Traded Financial Products on your behalf. 11.3 (c) You must deliver to Openmarkets all documents and security holder information (including the holder identification number or personal identification number and, if applicable, holder reference number) (Security Holder Information) no later than two (2) Business Days before the Settlement Date and Time. Credits in respect of sales are not available until the latest of: a. (i) the Settlement Date and Time; b. (ii) when all documents and Security Holder Information have been received by Openmarkets in deliverable form; and c. (iii) all amounts due and payable by you to Openmarkets or the Intermediary have been paid. 11.4 (d) Unless Openmarkets has agreed to alternative arrangements with you, Openmarkets will pay all sale proceeds directly to you.

Purchases and Sales. 11.1 You must ensure that payment in full is received by Openmarkets OpenMarkets (and not the Intermediary) before the Settlement Date and Time. Unless we agree otherwise, you must ensure there are sufficient funds in your Cash Account (in the case of a purchase) and sufficient Financial Products in your Trading Account (in the case of a sale) to meet your Settlement Obligations before an Order is placed and Openmarkets OpenMarkets may assess whether your Cash Account or Trading Account has such funds or products before accepting and Order from you. You agree you will not transfer funds out of your Cash Account before the Settlement Date if such a transfer would result in you being unable to meet your Settlement Obligations. 11.2 In accordance with the provisions of the Corporations Xxx 0000 (Cth) (Corporations Act), and the regulations made under the Corporations Act, pending settlement by you, these Terms and Conditions and the relevant Confirmation (if any) constitutes notice to you that Openmarkets OpenMarkets may deposit the Traded Products purchased for you in a particular transaction as security for a loan if Openmarkets OpenMarkets has received and paid for such Traded Products on your behalf. 11.3 You must deliver to Openmarkets OpenMarkets all documents and security holder information (including the holder identification number or personal identification number and, if applicable, holder reference number) (Security Holder Information) no later than two (2) Business Days business days before the Settlement Date and Time. Credits in respect of sales are not available until the latest of: a. the Settlement Date and Time; b. when all documents and Security Holder Information have been received by Openmarkets OpenMarkets in deliverable form; and c. all amounts due and payable by you to Openmarkets OpenMarkets or the Intermediary have been paid. 11.4 Unless Openmarkets OpenMarkets has agreed alternative arrangements with you, Openmarkets OpenMarkets will pay all sale proceeds directly to you.