Suspension or Restriction of Trading and Pricing. Market conditions )e.g. illiquidity( or the implementation of the rules in certain markets )e.g. the suspension of trading in any contract or contract month because of price limits or ‘circuit breakers’( may increase the risk of loss by making it difficult or impossible to effect Transactions or liquidate or offset positions. If the Client has sold options, this may increase the risk of loss. Furthermore, normal pricing relationships between the underlying instrument and the future, and the underlying instrument and the option may not exist. This can occur when, for example, the futures contract underlying the option is subject to price limits while the option is not. The absence of an underlying reference price may make it difficult to determine the ”fair value“. ،تارﺎﻴﺨــﻟا ءاﺮــﺷ ﺮﻄــﺧ ﺮﻴﺜﻜــﺑ قﻮﻔــﺗ ﺮﻄــﺨﻟا ﻦــﻣ ﺔــﺟرد ﻰﻠــﻋ ﺎــﻣﻮﻤــﻋ رﺎﻴﺨــﻟا ﻊﻴــﺑ يﻮﻄﻨــﻳ 9.4.2.3 يﺬــﻟا ﻂــﺴﻘﻟا نأ ﻊــﻣو .ﻂﻘــﻓ “ةﺎﻄﻐﻤــﻟا” تارﺎﻴﺨــﻟا ﻊﻴﺒــﺑ ﻞﻴﻤﻌﻠــﻟ ﺢﻤﺴﺘــﺳ ﺔــﻛﺮــﺸﻟا نﺈــﻓ ،اﺬــﻟو ﻎﻠﺒﻤـﻟا ﻚـﻟذ ﻦـﻋ ﺔـﻇﻮﺤﻠـﻣ ةدﺎـﻳز ﺪـﻳﺰـﺗ ةرﺎﺴـﺧ ﺪﺒﻜﺘـﻳ نأ ﻦﻜﻤـﻳ ﻊـﺋﺎﺒـﻟا نأ ﻻإ ،ﺖـﺑﺎـﺛ ﻊـﺋﺎﺒـﻟا ﻪﻤﻠﺘـﺴﻳ .هﺪـﻳﺪـﺴﺗ ﻖﺒـﺳ يﺬـﻟا ﻂـﺴﻘﻟاو ﺔﻘﻔﺼـﻟا ﻒﻴـﻟﺎﻜـﺗ ﻰـﻟإ ﺔـﻓﺎـﺿإ رﺎﻴﺨـﻟا ﻎﻠﺒـﻣ ﻞـﻣﺎـﻛ يوﺎﺴـﻳ يﺬـﻟا ةادﻻا وأ ﺪﻘﻌـــﻟا ﻢﻴﻠـــﺴﺗ وا اﺪﻘـــﻧ رﺎﻴﺨـــﻟا ﺔـــﺳرﺎﻤﻤـــﺑ يﺮﺘـــﺸﻤﻟا مﺎﻴـــﻗ ﺮﻄـــﺨﻟ ﻊـــﺋﺎﺒـــﻟا ضﺮﻌﺘـــﻳ ﺎﻤـــﻛ رﺎﻴﺨﻟا عﻮﺿﻮﻣ ،رﺎﻴﺨـﻟا ﻂـﺴﻗ ﻊـﻓد ﻞﻴـﺟﺄﺘـﺑ ﺢﻤﺴـﺗ ﺔﻨﻴﻌـﻣ ناﺪﻠـﺑ ﻲـﻓ ﻊﻠـﺴﻟاو ﻢﻬـﺳﻻا قاﻮـﺳأ ﺾﻌـﺑ نإ 9.4.2.4 ،ﻚـﻟذ ﻊـﻣو .ﻂـﺴﻘﻟا ﺔﻤﻴـﻗ زوﺎﺠﺘـﺗ ﻻ ﺶـﻣﺎـﻫ تﺎﻌـﻓد ﻦـﻋ ﺔﻴـﻟوﺆﺴﻤﻠـﻟ يﺮﺘـﺸﻤﻟا ضﺮﻌـﻳ ﺎـﻣ اﺬـﻫو ﺪﻨـﻋ يﺮﺘـﺸﻤﻟا نﻮﻜـﻳ ﺎﻤـﻛ .ﺔﻘﻔﺼـﻟا ﻒﻴـﻟﺎﻜـﺗو ﻂـﺴﻘﻟا ةرﺎﺴـﺧ ﺮﻄـﺨﻟ ﺔـﺿﺮـﻋ ﻞﻈـﻳ يﺮﺘـﺸﻤﻟا نﺈـﻓ ﺖﻗﻮﻟا ﻚﻟذ ﻲﻓ ﻖﺤﺘﺴﻣو عﻮﻓﺪﻣ ﺮﻴﻏ ﻂﺴﻗ يأ ﻦﻋ ﻻوﺆﺴﻣ ﻪﺋﺎﻬﺘﻧا وأ رﺎﻴﺨﻟا ﺔﺳرﺎﻤﻣ .ﺎﻬﺑ ﻆﻔﺘﺤﻳ ﻲﺘﻟا تارﺎﻴﺨﻟا ﺰﻛاﺮﻣ ﻻوﺆﺴﻣ نﻮﻜﻳ نأ ﻰﻠﻋ ﻖﻓاﻮﻳو ﻞﻴﻤﻌﻟا ﺮﻘﻳو 9.4.2.5 ،“ﺮﻌﺴـﻟا قﺎﻄـﻧ ﻦﻤـﺿ ةدﺪـﺴﻤﻟا ﺰـﻛاﺮﻤـﻟا” صﻮﺼﺨـﺑ ﺔﻴـﺋﺎﻘﻠـﺗ ﺔـﺳرﺎﻤـﻣ يأ ﺔـﻟﺎـﺣ ﻲـﻓو 9.4.2.6 ﻲــﻓو .ﻪــﻟ ﺔﺼﺼﺨﻤــﻟا رﺎﻴﺨــﻟا عﻮــﺿﻮــﻣ ﺔﻴــﻟﺎﻤــﻟا قاروﻻا ﺔﻤﻴــﻗ ﺔﻴﻄﻐــﺗ ﺔﻴــﻟوﺆﺴــﻣ ﻞﻴﻤﻌــﻟا ﻞﻤــﺤﺘﻳ ﻦـﻋ ﺔﺠـﺗﺎﻨـﻟا ﺔـﻓﻮﺸﻜﻤـﻟا ﺰـﻛاﺮﻤـﻟا ﺔﻴﻄﻐـﺗ ﻞﻴﻤﻌـﻟا ﻰﻠـﻋ ﺐﺠـﻳ ،“ةدﺪـﺴﻤﻟا ﻊﻴﺒـﻟا ﻖـﺣ تارﺎﻴـﺧ” ﺔـﻟﺎـﺣ .رﻮﻔﻟا ﻰﻠﻋ ﻚﻟذ تارﺎﻴـﺧ يأ لﺎﻔـﻗﺈـﺑ ﻖﻠﻄﻤـﻟا ﺎـﻫﺮـﻳﺪﻘـﺗ ﻰﻠـﻋ ءﺎﻨـﺑ مﻮﻘـﺗ نأ ﻲـﻓ ﺎﻬﻘﺤـﺑ ﺔـﻛﺮـﺸﻟا ﻆﻔﺘﺤـﺗو 9.4.2.7 ﻚﻟذ مﺰﻟ ﻰﺘﻣ ﺔﻴﻟﺎﻣ قاروأ وأ دﻮﻘﻌﻟا طوﺮﺷو مﺎﻜﺣأ 9.4.3 تارﺎﻴﺨـﻟا وأ ﺔﻴﻠﺒﻘﺘـﺴﻤﻟا دﻮﻘﻌـﻟﺎـﺑ ﺔـﺻﺎﺨـﻟا طوﺮـﺸﻟاو مﺎﻜـﺣﻷﺎـﺑ ﺎـﻣﺎﻤـﺗ ﺎﻤﻠـﻣ ﻞﻴﻤﻌـﻟا ﻦﻜـﻳ ﻢـﻟ اذإ ً ﺎـﻣﺰﻠـﻣ ﺎﻬـﺑ نﻮﻜـﻳ ﻲﺘـﻟا عﺎـﺿوﻷﺎـﻛ( ﺎﻬـﺑ ﺔﻄﺒـﺗﺮﻤـﻟا تﺎـﻣاﺰﺘـﻟﻻا ﻊﻴﻤـﺠﺑو ﺎﻬـﺑ ﻞـﻣﺎﻌﺘـﻳ ﻲﺘـﻟا ةدﺪـﺤﻤﻟا تارﺎﻴﺨــﻟا ﻰــﻟإو ﻲﻠﺒﻘﺘــﺴﻤﻟا ﺪﻘﻌــﻟا ﻰــﻟإ ﺔﺒــﺴﻨﻟﺎــﺑ ﺔﻴﻨﻌﻤــﻟا ةرادﻻا وأ ﺪﻘﻌــﻟا ﻢﻴﻠــﺴﺗ وأ مﻼﺘــﺳﺎــﺑ نأ ﻪﻴﻠــﻋ ن...
