Selling Securities Sample Clauses
Selling Securities. 5.1 An instruction for the sale of Securities is an order from you for FitVermogen to sell (part of) the claims vis- à-vis the Giro administered on your FitVermogen Account.
5.2 An instruction for the sale of Securities will be denominated in the number of Securities to be sold.
5.3 If the Security in question is exclusively listed or available in a currency other than the euro, FitVermogen will execute the securities order at the rates applied by the Executing Institution on the day on which Fit- Vermogen executes the Securities Order in accordance with Article 5.5.
5.4 If FitVermogen has received a Securities Order for the sale of Securities from you before 13.15 p.m., FitVer- mogen will send the Securities Order for the sale of Securities, that same day, to the Stock Exchange or – in the event of non-listed Securities – the Issuing Institution.
5.5 If FitVermogen ascertains that your order was received at or after 1.15 p.m. but before 1.30 p.m., then FitVermogen will make every effort to send the order to the Stock Exchange, or – in the event of non-listed Securities – to the Issuing Institution on the same day. This is not a guarantee, however.
5.6 If FitVermogen has received a Securities Order for the sale of Securities from you at or after 1.30 p.m., FitVermogen will send the Securities Order for the sale of Securities to the Stock Exchange or – in the event of non-listed Securities – the Issuing Institution on the next business day.
5.7 In special cases FitVermogen reserves the right to bring forward the time at which the orders are sent to the Stock Exchange. This may be the case on 24 December or 31 December, for example.
5.8 If you send your Securities Order for the sale of Securities on a day that FitVermogen is not open, FitVermo- gen will send your Securities Order to the Stock Exchange, or – in the event of non-listed Securities – to the Issuing Institution on the next Trading Day on which FitVermogen is open. FitVermogen undertakes to continuously inform you about the days on which it is open and closed by means of publication on the Website.
5.9 A Securities Order for the sale of Securities will be executed on the next Trading Day following the day on which FitVermogen sent your Securities Order to sell Securities to the stock exchange or – in the event of non-listed securities – the Issuing Institution. Your Securities Order to sell Securities will be executed at the Stock Exchange price of the Trading Day following the day on which the or...
Selling Securities. Fidelity has provided the opportunity to liquidate securities held within baskets from two trade areas, Trade Stocks and Basket Trading. Because we display your total shares held in a stock on the Positions page with an indicator that some shares may be part of a basket, shares can be liquidated from the Trade Stocks screen and the Basket Trading application. If you own some or all shares of a security within a basket or multiple baskets, and are selling shares from the Trade Stocks screen, you will receive a message indicating that you may be breaking a basket position. If you sell outside the Basket Trading application, and are not liquidating your entire position, shares will first be sold from any shares not held in a basket. Additional shares needed to complete the sell order will be sold based on logic that has the least impact to the fewest number of baskets. If you are liquidating a position within the Basket Trading application, you will only be able to sell the shares within that specific basket. Section 7 of this agreement refers to your selection of tax lots when you specify specific shares on sell orders. Basket Trading provides functionality to establish and update orders in both shares and dollars. Orders are transmitted only in shares and the application rounds orders down to the nearest whole share.
Selling Securities. 7.1 The Customer acknowledges that uncovered short‐selling is not allowed and for every sell order which involves Securities traded on the SEHK, the Customer shall at the time of placing the order have a presently exercisable and unconditional right to vest the Securities to which the order relates in the purchaser of those Securities. The Customer shall notify the Bank when a sell order relates to Securities which the Customer does not have such right prior to or at the time of the order. In the absence of any information to the contrary, the Bank may assume that the Customer has such right at all times.
7.2 The Customer hereby declares that every sell order of Securities traded on the SEHK that the Customer (whether as principal or agent) asks the Bank to execute will be a "long" sale, unless the Customer otherwise confirms to the Bank in writing or (if sent electronically) which is capable of being printed, that:
(a) the order is a short selling order;
(b) the Customer has a presently exercisable and unconditional right to vest the Securities to which the relevant sale order relates in the purchaser of those Securities; and
(c) to the extent that the Customer has borrowed the Securities has obtained a confirmation from the lender that it has the Securities available to lend or deliver to the Customer. The Bank is entitled to refuse to accept any instruction for short sale if the Bank is not satisfied that the conditions referred to in this Clause 7.2 have been complied with.
7.3 Instructions for selling Securities will be accepted only if:
(a) the Customer has deposited or transferred or has arranged for the deposit or transfer of the relevant Securities with or to the Bank, and instructions for the deposit or transfer of the relevant Securities with or to the Bank have been duly given; and
(b) the Customer has duly signed or caused to be signed the Transfer Documents relating to such Securities.
7.4 The Bank may, notwithstanding Clause 7.3, accept in its discretion an instruction for sale of Securities prior to full compliance with the requirements of Clause 7.3. If the Customer fails to comply with the requirements of Clause 7.3 before the close of business of that Business Day following receipt of the instruction concerned, the Bank may (without obligation), in order to complete the sale, at any time thereafter without prior notice to the Customer (i) withdraw Securities of the same type held for the Customer, if any; or (ii) purchase an equal quanti...