Common use of Suspension of the Trading Client Clause in Contracts

Suspension of the Trading Client. 8.1 The Trading Client acknowledges and accepts that, according to the provisions of the Regulations, the General Clearing Member may – under its own exclusive responsibility – request CC&G to suspend the Trading Client pursuant to Article B.2.2.2 of the Regulations. CC&G shall not have the right or obligation to verify the appropriate use of this power, nor its correspondence with any agreements on the subject established pursuant to article 4. 8.2 The Trading Client declares that is aware that the General Clearing Member shall in all cases remain obligated to carry out its obligations arising from the Contractual Positions registered in the accounts indicated at Article 2, paragraph 2. Therefore the suspended Trading Client, even if suspended for other reasons pursuant to the Regulations, shall in all cases remain obligated to fulfil its obligations concerning Contractual Positions deriving from contracts entered into in the Market(s) of reference of the Section(s) and to pay all sums due to the General Clearing Member.

Appears in 9 contracts

Samples: Annexes to the Instructions, Annex to the Instructions, Cassa Di Compensazione E Garanzia Instructions

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Suspension of the Trading Client. 8.1 The Trading Client acknowledges and accepts that, according to the provisions of the Regulations, the General Clearing Member may – under its own exclusive responsibility – request CC&G to suspend the Trading Client pursuant to Article B.2.2.2 of the Regulations. CC&G shall not have the right or obligation to verify the appropriate use of this power, nor its correspondence with any agreements on the subject established pursuant to article 4. 8.2 The Trading Client declares that is to be aware that the General Clearing Member shall in all cases remain obligated to carry out its obligations arising from the Contractual Positions registered in the accounts indicated at Article 2, paragraph 2. Therefore the suspended Trading Client, even if suspended for other reasons pursuant to the Regulations, shall in all cases remain obligated to fulfil its obligations concerning Contractual Positions deriving from contracts entered into in the Market(s) of reference of the Section(s) and to pay all sums due to the General Clearing Member.

Appears in 1 contract

Samples: Outline Agreement

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