Risks of Commodity Trading. In addition to the Commodity Futures Trading Commission (“CFTC”) mandated Risk Disclosure Statement attached hereto, Customer understands that (i) Customer may be trading in commodity futures contracts, options on commodity futures contracts, foreign futures contracts and options on foreign futures contracts (collectively, “Commodity Futures Contracts”), securities and securities options (collectively, “Securities”), derivative instruments, spot and forward contracts, physical commodities, cash and other properties and options thereon (collectively, “Other Account Instruments”) and/or currencies and foreign exchange contracts and options thereon (“Forex,“and together with Commodity Futures Contracts, Securities, Other Account Instruments and Forex being herein collectively defined as “Commodities”), and such trading is highly speculative, (ii) prices are subject to sharp upward and downward movements, (iii) price fluctuations may result in losses which substantially exceed the capital in Customer’s Account(s), (iv) on trading days on which the subject of Customer’s trading reaches its permissible exchange price limit, trading may cease, as a result of which Customer may be locked into substantial losses, and (v) in transactions on exchanges on which foreign currency is used, any profit or loss may be affected by exchange rate fluctuations. Customer is willing and able, financially and otherwise, to assume the risks of such trading. Customer recognizes that assurance of profit or freedom from loss is impossible to guaranty. Customer has received no assurance and will place no orders in reliance on any such assurance or similar representations. Customer understands that FIMAT may without notice to Customer exercise any of the remedies listed in Sections III.O and IV hereof if Customer fails to maintain adequate margin or if any other event of default occurs. Customer agrees to review carefully each confirmation statement FIMAT sends Customer and notify FIMAT immediately in accordance with Section III.F hereof.
Risks of Commodity Trading. In entering into this Agreement with Xxxxxx Xxxxxxx, the Customer understands that commodity trading is a ighly speculative activity; that prices arc subject to sharp upward and downward movements; that price fluctuations may result in losses which may substantially exceed the capital in the Customer's account; and that on trading days on which a commodity reaches its permissible exchange price limit, trading may cease, which could lock the Customer into positions resulting in substantial losses. The Customer further understands that in commodity transactions executed on an exchange on which foreign currency is used, any profit or loss resulting from such transactions may be affected by fluctuations in the exchange rate for such currency, and that any profit or loss arising as a result of fluctuations in the exchange rate for such currency will be entirely for the account and risk of the Customer. The Customer is willing and able, financially and otherwise, to assume the risks of commodity trading. The Customer recognizes that guarantees of profit or freedom from loss are impossible of performance in commodity trading, acknowledges that he has received no such guarantees from Xxxxxx Xxxxxxx or from any of its representatives, and has not entered into this Agreement and will place to orders hereunder in consideration of or in reliance upon any such guarantees or similar representations. The Customer shall not hold Xxxxxx Xxxxxxx responsible for any losses sustained by the Customer as a result of any prediction, recommendation or advice made or given by a representative of Xxxxxx Xxxxxxx, whether or not made or given at the request of the Customer. The Customer understands that Xxxxxx Xxxxxxx may, without notice to the Customer, exercise various remedies, including liquidation of positions in the Customer's accounts, pursuant to Section D of this Agreement upon the Customer's failure to maintain adequate margin or upon the occurrence of any other Event of Default as described in paragraph 4 of Section D of this Agreement.
