CIFL definition
Examples of CIFL in a sentence
The Client hereby confirms and acknowledges that CIFL is obliged to report the information obtained from the Client relating to the Client’s “Large Open Position’’ to the Chief Executive of the Exchange or any designated HKEC staff as required by Rule 628 of the Rules of the Exchange and the Client hereby consents to the release of such information by CIFL to the Chief Executive of the Exchange or any designated HKEC staff.
The Client hereby consents to the tape recording of all telephone conversations between the Client, Client’s representatives and CIFL.
The Client may have been introduced to CIFL by any introducing broker, futures trading adviser or other third party and CIFL has no responsibilities or obligations regarding any conduct, action, representation or statement of any such person.
It is expressly understood that unless otherwise disclosed herein or to the Client in writing in the usual manner of CIFL, CIFL is acting solely as broker as to any transaction made with CIFL by the Client and does not trade on CIFL’s own account.
The Client will ratify and confirm all such acts, deeds, documents or things so done by CIFL acting lawfully and in good faith.
Such notice shall not affect any transaction entered into by CIFL prior to its receipt of such written notice and shall be without prejudice to any of the rights, powers or duties of CIFL or the Client prior to such receipt.
CIFL may refuse to act on any instruction from the Client without having to give any reason therefor.
CIFL may terminate this Agreement at any time by written notice to the Client.
The Client agrees that this Agreement may be amended by CIFL from time to time without prior notice to the Client in order to comply with the laws and regulations then in force which are applicable to this Agreement and the transactions contemplated thereby.
The Client agrees that he, independently and without reliance on CIFL, makes his judgements and decisions with respect to each transaction.