Common use of Trading of Bonds Clause in Contracts

Trading of Bonds. All investments carry risk. Bonds are no exception. The Client understands that the price of bonds can and does fluctuate, sometimes dramatically, and that any individual bond may experience upward or downward movements, and may even become valueless. The Client acknowledges that it is as likely that losses will be incurred rather than profit made as a result of buying and selling bonds. This is the risk that the Client is prepared to accept. The Client shall take complete responsibility for any outcome of buying and selling bonds and agrees not to hold CAL responsible for any losses resulting from the Client’s trading strategy. CAL will take due care according to its relevant internal procedure on the selection of its nominee, broker, agent or any counter-party. The Client acknowledges and accepts all risks associated with customizing bonds with any such party. CAL shall not be responsible for any damage or loss arising from or in connection with such custody or action except for willful default or gross negligence on its part. The Client acknowledges that any subscription for or acquisition or purchase of any bonds registered outside Hong Kong and the receipt and collection of income there from and other administrative matters thereof may not be governed by Hong Kong laws. The Client agrees to bear all risks relating to the Client’s Instructions to deal with all such bond which are not governed by Hong Kong laws.

Trading of Bonds. All investments carry risk. Bonds are no exception. The Client understands that the price of bonds can and does fluctuate, sometimes dramatically, and that any individual bond may experience upward or downward movements, and may even become valueless. The Client acknowledges that it is as likely that losses will be incurred rather than profit made as a result of buying and selling bonds. This is the risk that the Client is prepared to accept. The Client shall take complete responsibility for any outcome of buying and selling bonds and agrees not to hold CAL responsible for any losses resulting from the Client’s trading strategy. CAL will take due care according to its relevant internal procedure on the selection of its nominee, broker, agent or any counter-party. The Client acknowledges and accepts all risks associated with customizing bonds with any such party. CAL shall not be responsible for any damage or loss arising from or in connection with such custody or action except for willful default or gross negligence on its part. The Client acknowledges that any subscription for or acquisition or purchase of any bonds registered outside Hong Kong and the receipt and collection of income there from therefrom and other administrative matters thereof may not be governed by Hong Kong laws. The Client agrees to bear all risks relating to the Client’s Instructions to deal with all such bond which are not governed by Hong Kong laws.

Trading of Bonds. All investments carry risk. Bonds are no exception. The Client understands that the price of bonds can and does fluctuate, sometimes dramatically, and that any individual bond may experience upward or downward movements, and may even become valueless. The Client acknowledges that it is as likely that losses will be incurred rather than profit made as a result of buying and selling bonds. This is the risk that the Client is prepared to accept. The Client shall take complete responsibility for any outcome of buying and selling bonds and agrees not to hold CAL responsible for any losses resulting from the Client’s trading strategy. CAL will take due care according to its relevant internal procedure on the selection of its nominee, broker, agent or any counter-counter- party. The Client acknowledges and accepts all risks associated with customizing bonds with any such party. CAL shall not be responsible for any damage or loss arising from or in connection with such custody or action except for willful default or gross negligence on its part. The Client acknowledges that any subscription for or acquisition or purchase of any bonds registered outside Hong Kong and the receipt and collection of income there from and other administrative matters thereof may not be governed by Hong Kong laws. The Client agrees to bear all risks relating to the Client’s Instructions to deal with all such bond which are not governed by Hong Kong laws.