Client orders Clauses Exemplaires

Client orders. The Client undertakes to comply with the regulatory requirements and provisions applicable to the markets on which orders are placed. Transmission of orders is effected in accordance with the provisions of these rules and of this Agreement, as well as customary practice. Failing that, the Bank may refuse orders that have been sent. Payments of capital and securities deliveries are effected in accordance with the rules and customary practices on the markets in which the securities are to be subscribed or traded. The Bank may act as order transmitter or counterparty with respect to securities transactions concluded by the Client. The Client declares that he has been fully informed of the terms and conditions of operation and mechanisms in the markets on which his orders are placed. The rules of the market in question are enforceable against him in all cases, in particular with regard to the duration of the validity of orders. Specifically, he declares that he is aware of and accepts the risks involved in transactions placed on these markets and in particular their speculative nature and possible lack of liquidity. The Bank's involvement in the transmission and execution of the Client's orders does not imply any assessment on its part of their suitability, such assessment being the sole responsibility of the Client, who discharges the Bank from any obligation to warn, notify or advise.