Common use of Trading Instruction Clause in Contracts

Trading Instruction. 3.1 Instructions given by the Client shall be irrevocable and may be given in writing, verbally, by facsimile or other electronic means, but in any case at Client's own risk. 3.2 Unless otherwise specified by the Client, the Client’s trading orders are good for the day. A good -till-cancelled order shall remain a pending order until duly cancelled by the Client. The order shall be subject to execution at any time prior to such cancellation and the Client hereby agrees to accept full responsibility for the transactions. Any instruction received after the close of a trading day shall be treated as that of the next trading day and valid for the next trading day only. 3.3 ZUNDIAO is under no duty to execute uncovered short selling on the Client’s behalf. Unless and until the Client notify ZUNDIAO to the contrary, all instructions for the sale of securities shall be a "long" sale meaning that the Client (i) owns the securities in question or (ii) has a presently exercisable and unconditional right to vest the securities in the purchaser of them. Where the Client is engaged in covered short selling, the Client shall notify ZUNDIAO of such fact at the time the Client place the sale order and ensure due settlement of the Client’s short sale trades.