Common use of Trading Clause in Contracts

Trading. Customer authorizes XXXXX.xxx to purchase and sell physically settled and cash settled Foreign Exchange Contracts and Cross Currency Contracts and Metal Contracts on a spot basis for Customer’s Account in accordance with Customer’s instructions received through the XXXXX.xxx Online Trading System, MetaTrader® Online Trading System or via telephone to the XXXXX.xxx Trading Desk, subject to the terms of this Agreement, including the Annexes hereto and the Customer Account Application, including any applicable addenda thereto. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and Account number and for any electronic, oral and written instruction (including, but not limited to, any Order) to XXXXX.xxx from persons XXXXX.xxx, in its sole judgment, believes are apparently authorized by Customer. If Customer’s Account is titled as a joint account, XXXXX.xxx is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the Account and the disposition of any and all assets in the Account. XXXXX.xxx shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by XXXXX.xxx in reliance on any such instructions or on the apparent authority of any such persons.

Trading. Customer authorizes XXXXX.xxx to purchase and sell physically settled and cash settled Foreign Exchange Contracts and Cross Currency Contracts and Metal Contracts on a spot basis for Customer’s Account in accordance with Customer’s instructions received through the XXXXX.xxx Online Trading System, MetaTrader® Online Trading System or via telephone to the XXXXX.xxx Trading Desk, subject to the terms of this Agreement, including the Annexes hereto and the Customer Account Application, including any applicable addenda thereto. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and Account number and for any electronic, oral and written instruction (including, but not limited to, any Order) to XXXXX.xxx from persons XXXXX.xxx, in its sole judgment, believes are apparently authorized by Customer. If Customer’s Account is titled as a joint account, XXXXX.xxx is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the Account and the disposition of any and all assets in the Account. XXXXX.xxx shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by XXXXX.xxx in reliance on any such instructions or on the apparent authority of any such personssuchpersons.

Trading. Customer authorizes XXXXX.xxx to purchase and sell physically settled and cash settled Foreign Exchange Contracts and Cross Currency Contracts and Metal Contracts on a spot basis for Customer’s Account in accordance with Customer’s instructions received through the XXXXX.xxx Online Trading System, MetaTrader® Online Trading System or via telephone to the XXXXX.xxx Trading Desk, subject to the terms of this Agreement, including the Annexes hereto and the Customer Account Application, including any applicable addenda thereto. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and Account number and for any electronic, oral and written instruction (including, but not limited to, any Order) to XXXXX.xxx from persons XXXXX.xxx, in its sole judgment, believes are apparently authorized by Customer. If Customer’s Account is titled as a joint account, XXXXX.xxx is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the Account and the disposition of any and all assets in the Account. XXXXX.xxx shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by XXXXX.xxx in reliance on any such instructions or on the apparent authority of any such persons.

Trading. Customer authorizes XXXXX.xxx Xxxxxxxxxxx.xx to purchase and sell physically settled and cash settled Foreign Exchange Contracts and Cross Currency Contracts and Metal Contracts on a spot basis for Customer’s Account in accordance with Customer’s instructions received through the XXXXX.xxx Online Trading System, MetaTrader® Xxxxxxxxxxx.xx Online Trading System or via telephone to the XXXXX.xxx Xxxxxxxxxxx.xx Trading Desk, subject to the terms of this Agreement, including the Annexes hereto and the Customer Account Application, including any applicable addenda thereto. Customer agrees to be conclusively responsible for any instruction received electronically that is identified identified with Customer’s password and Account number and for any electronic, oral and written instruction (including, but not limited to, any Order) to XXXXX.xxx Xxxxxxxxxxx.xx from persons XXXXX.xxxat Xxxxxxxxxxx.xx, in its sole judgment, believes are apparently authorized by Customer. If Customer’s Account is titled as a joint account, XXXXX.xxx Xxxxxxxxxxx.xx is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the Account and the disposition of any and all assets in the Account. XXXXX.xxx Xxxxxxxxxxx.xx shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by XXXXX.xxx Xxxxxxxxxxx.xx in reliance on any such instructions or on the apparent authority of any such persons.

Trading. Customer authorizes XXXXX.xxx to purchase and sell physically settled and cash settled Foreign Exchange Contracts and Cross Currency Contracts and Metal Contracts on a spot basis for Customer’s Account in accordance with Customer’s instructions received through the XXXXX.xxx Online Trading System, MetaTrader® Online Trading System or via telephone to the XXXXX.xxx Trading Desk, subject to the terms of this Agreement, including the Annexes hereto and the Customer Account Application, including any applicable addenda thereto. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and Account number and for any electronic, oral and written instruction (including, but not limited to, any Order) to XXXXX.xxx from persons XXXXX.xxx, in its sole judgment, believes are apparently authorized by Customer. If Customer’s Account is titled as a joint account, XXXXX.xxx is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the Account and the disposition of any and all assets in the Account. XXXXX.xxx shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by XXXXX.xxx in reliance on any such instructions or on the apparent authority of any such anysuch persons.

Trading. Customer authorizes XXXXX.xxx to purchase and sell physically settled and cash settled Foreign Exchange Contracts and Cross Currency Contracts and Metal Contracts Contract on a spot basis for Customer’s Account in accordance with Customer’s instructions received through the XXXXX.xxx Online Trading System, MetaTrader® Online Trading System System, or via telephone to the XXXXX.xxx Trading Desk, subject to the terms of this Agreement, including the Annexes hereto and the Customer Account Application, including any applicable addenda thereto. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and Account number and for any electronic, oral and written instruction (including, but not limited to, any Order) to XXXXX.xxx from persons XXXXX.xxx, in its sole judgment, believes are apparently authorized by Customer. If Customer’s Account is titled as a joint account, XXXXX.xxx is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the Account and the disposition of any and all assets in the Account. XXXXX.xxx shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by XXXXX.xxx in reliance on any such instructions or on the apparent authority of any such persons.