Dealing as Principal. Execution and capacity: Every order which we may take is accepted and executed on the basis that we act on our own account as principal and not as agent for you.
Dealing as Principal. The Client acknowledges that the Market Participant or Clearing Participant may, in certain circumstances permitted under the Corporations Act, the ASX Operating Rules or the ASX Clear Operating Rules, take the opposite position in a transaction in the Derivative Market Contract, either acting for another client or on its own account.
Dealing as Principal. The Client acknowledges that the Participant may, in certain circumstances permitted under the Corporations Act or the ASX Clear Operating Rules, take the opposite position in a transaction in the OTC Options CCP Contract, either acting for another client or on its own account.
Dealing as Principal. In all dealings with LCH, Clearing Members shall be required to act as principals and the IPE shall make it a provision of the IPE Regulations that all IPE Contracts entered into in accordance with the IPE Regulations shall be made by an IPE Member as a principal with any other IPE Member, and not as agent.
Dealing as Principal. 1. The Company may from time to time, as principal, have positions in, or may buy or sell, or make a market in any Crypto Assets or participate in the Crypto Assets Exchange Markets, which the User has an interest or is also engaging in. The User further acknowledges and agrees that the Company or its Affiliates may be a counterparty to its trade or have a position or a direct or indirect interest in any transaction even if the Company takes up a position that is opposite to the position taken by the User, or have bought or sold any Crypto Assets as principal for its account or as principal or agent for the consideration of itself or its Affiliates. As long as there is no conflict of interest issue created by the Company's position or involvement in the Crypto Assets Transaction, the User agrees that the Company is not obliged to disclose to the User, at the time of or after entering into a trade, that the Company is acting as principal for its account or acting as principal or agent for the account of its Affiliates.
Dealing as Principal. You acknowledge that IBA may, in certain circumstances permitted under the Corporations Act and the Rules, take the opposite position in a Derivative Product, either acting for another customer or on its own account. [ASX MIR 3.1.6(1)(h); ASX MIR 3.1.7(1)(d)(ii); ASX Clear OR S5.5]
Dealing as Principal. 9.1 You acknowledge that we may, in certain circumstances permitted under the Corporations Act, the Clearing Rules and the Market Rules, take the opposite position in a transaction, either acting for another client, on our own account or on the account of an associate of ours. We may from time to time undertake transactions on our own behalf through other Market Participants. You acknowledge that in some circumstances such orders may compete with the orders of our clients indirectly. Notwithstanding that we may act in accordance with the instructions of, or for your benefit, you acknowledge that any contract arising from any order submitted to ASX is entered into by us as principal.
Dealing as Principal. If you place an Order or give an instruction in respect of Financial Instrument traded in any market, you understand and agree that, unless otherwise notified to you, CLSA will, acting as your agent, execute such Orders with any of its Affiliates who will act as principal. Such CLSA Affiliate will execute such transactions on a back-to-back basis for its own benefit and on an arms' length basis facing CLSA and other counterparty from whom such CLSA Affiliate proposes to obtain or to whom such CLSA Affiliate proposes to sell relevant Financial Instrument. You acknowledge that you are fully aware of the inherent conflicts of interest when such CLSA Affiliate assumes a principal position, and consent to the nature of the transactions. You acknowledge and agree that such CLSA Affiliate may make and maintain trading profit from these back-to-back transactions concerning the Financial Instrument. You agree and confirm that such CLSA Affiliate’s obligations of payment for and/or delivery of Financial Instrument sold or purchased (as the case may be) are conditional upon, and only to the extent that, delivery of Financial Instrument and/or payment for the Financial Instrument purchased or sold by such CLSA Affiliate is actually received by such CLSA Affiliate from the relevant counterparty. You acknowledge and agree that the settlement of sale or purchase of Financial Instrument may be delayed or cancelled due to any failure by the counterparty to deliver sufficient funds or the relevant Financial Instrument to such CLSA Affiliate under the aforesaid back-to-back transactions. You agree that in no event CLSA and such CLSA Affiliate shall be liable for any losses or damages suffered or incurred by you resulting or arising from such failure to pay/deliver and/or delay in payment/delivery (other than directly resulting or arising from CLSA's or such CLSA Affiliate’s fraud or gross negligence).
Dealing as Principal
