Common use of Validity of orders Clause in Contracts

Validity of orders. The rules f or order validity are specified, where applicable, in the Appendices. Upon expiration of its validity, the order will automatically be deleted f rom the trading sy stem. Without possibility of dispute, the Bank may ref use orders that seem to it to be incompatible with the market conditions, in accordance with its legal obligation to act in respect of market integrity. The Client may cancel the order or change its characteristics before its execution, subject to the market rules. These new instructions will be taken into account: - if they are received by the Bank within a time frame that is compatible with the conditions for execution of the orders, and; - if the order has not already been executed. If the order has been partially executed, the new instructions will be v alid f or the unexecuted part of the order.

Validity of orders. The rules f or order validity are specified, where applicable, in the AppendicesAppendix. Upon expiration of its validityOn expiry , the order will orders are automatically be deleted f rom eliminated from the trading sy stemsystem. Without possibility of dispute, the The Bank may ref use , at its sole and absolute discretion, refuse any orders that seem to it to be considers incompatible with the market conditions, in accordance with its legal obligation to act in respect of market integritythe integrity of the markets. The Client may cancel the order or change its characteristics before its execution, subject to the market rules. These new instructions will be taken into account: - if they are received by the Bank within a time frame that is compatible with the conditions for execution of the orders, and; - and if the order has not already been executed. If the order has only been partially executed, the new instructions will shall be v alid f or valid for the unexecuted non-executed part of the order.