Examples of Relevant Instruments in a sentence
The IFTT is due by the party acquiring ownership of the Relevant Instruments, regardless of the residence of the parties and/or where the transaction is entered into.
If more than one Intermediary is involved in the execution of the transaction, the IFTT is levied by the Intermediary who receives the order of execution from the purchaser of the Relevant Instruments or, in the case of derivative transaction or securitised derivative referencing a Relevant Instrument, from the counterparty to or purchaser of such derivative.
With respect to derivative transactions referencing Relevant Instruments including securitised derivatives the IFTT applies regardless of the tax residence of both the counterparties of the transactions (ciascuna delle controparti delle operazioni) and/or where the transaction is executed.
However, the parties recognise that, due principally to the different functions and objectives of this Agreement and of the Relevant Instruments, the fact that not every Relevant Instrument binds both the Company and the User, and the different procedures for the variation of this Agreement and of the Relevant Instruments, it will not in all circumstances be possible to avoid inconsistency or conflict.
RCB is authorized to temporarily discontinue the services of the business segment Systematic Internalisation for specific or all Relevant Instruments due to extraordinary market developments or due to technical reasons.