ERRORS IN PRICES Sample Clauses
The "Errors in Prices" clause defines how mistakes or inaccuracies in the stated prices within a contract are handled. Typically, this clause allows either party to correct typographical or calculation errors in pricing before finalizing the agreement or fulfilling the order. For example, if a product is accidentally listed at the wrong price due to a clerical error, the clause outlines the process for notifying the other party and adjusting the price accordingly. Its core function is to prevent disputes and ensure fairness by providing a clear mechanism for addressing and rectifying pricing mistakes.
ERRORS IN PRICES. (a) It is possible that errors, omissions or misquotes (Material Error) may occur in relation to our Products, which by fault of either of us or any third party, is materially incorrect when taking into account market conditions and quotes in Underlying Instruments which prevailed at the time. A Material Error may include an incorrect price, date, time or other characteristic of a Product or any error or lack of clarity of any information. If a trade is based on a Material Error, we reserve the right to do any of the following without your consent:
(i) amend the terms and conditions of the Contract to reflect what we consider to have been the fair price at the time the Contract was entered into and there had been no Material Error;
(ii) close the trade and any open Contracts resulting from it;
(iii) void the Contract from the outset; or
(iv) refrain from taking action to amend or void the Contract.
(b) We will exercise the right in paragraph 9.6(a) in good faith and as soon as reasonably practicable after we become aware of the Material Error. To the extent practicable, we will give you prior notice of any action we take under this clause; but if it is not practicable we will give you notice as soon as practicable afterwards. In the absence of fraud on our part, we are not liable to you for any loss, cost, claim, demand or expense that you incur or suffer (including loss of profits or indirect or consequential losses), arising from or connected with the Material Error including where the Material Error arising from an information service on which we rely.
(c) In the event that a Material Error has occurred and we exercise our rights under paragraph 9.6(a), we may, without notice, adjust your Account or require that any moneys paid to you in relation to the Contract the subject of the Material Error be repaid to us as a debt due payable to us on demand.
ERRORS IN PRICES. It is possible that errors may occur in the prices of Margin Contracts or CFDs quoted by us. In such circumstances, without prejudice to any rights we or you may have under statute or common law, neither of us will be bound by any Margin Contract or CFD which purports to have been made (whether or not confirmed by us) at a price which was, or ought reasonably to have been, known to either party to be materially incorrect at the time of the Margin Contract or CFD. The party asserting that the Margin Contract or CFD is avoided under this clause 9.10 must give notice to the other within three (3) Business Days of the relevant Margin Contract or CFD being entered. If you give notice to us under this clause, we will determine in our sole discretion, acting fairly and reasonably, whether the price quoted was materially incorrect.
ERRORS IN PRICES. Errors in pricing may occur from time to time. In these circumstances, we may adjust any element of your Position. See section 3.7 of the PDS for more information about the basis on which we can do this.
ERRORS IN PRICES. Errors in pricing may occur from time to time. In these circumstances, we may adjust any element of your Position. Our prices reflect those in the Underlying Instrument. Prices can vary quickly and in some circumstances prices that we publish may not be available for large volumes. In addition, errors can occur, and we reserve the right to alter the price or even void the transaction. Our aim in making any adjustment to pricing will be to act fairly to you. We will not seek to take advantage of pricing errors to advantage ourselves. If we consider that a pricing Error has occurred, we may adjust various parameters of your Position, including potentially reversing or closing out Positions, which may mean that your profit is less than would otherwise be the case, or even that you incur a loss. However, such an adjustment will only occur when we are satisfied that a genuine pricing Error has occurred, that is, the price or value of the Position did not accurately reflect the price or value of the relevant Underlying Instrument.
ERRORS IN PRICES. It is possible that errors may occur in the prices of Margin Contracts or CFDs quoted by us. In such circumstances, without prejudice to any rights we or you may have under statute or common law, neither of us will be bound by any Margin Contract which purports to have been made (whether or not confirmed by us) at a price which was, or ought reasonably to have been, known to either party to be materially incorrect at the time of the Margin Contract.
ERRORS IN PRICES. 13 9.7 PRICE, EXECUTION PROCESS AND TRADING PLATFORM MANIPULATION ........................................... 13 10. MARGIN 14 10.1 MARGIN REQUIREMENTS ............................................................................................................................... 14 10.2 EXCEPTIONS ................................................................................................................................................... .. 14 10.3 CHANGING MARGIN PERCENTAGE, MARGIN CALL LEVEL AND STOP OUT LEVEL ............................. 15 10.4 NOTIFICATION OF INCREASED MARGIN PERCENTAGE ............................................................................ 15 10.5 OUR RIGHTS WHERE YOUR TOTAL EQUITY IS AT OR BELOW STOP OUT LEVEL ................................ 15 11. YOUR OBLIGATION TO PAY AND MONITOR MARGIN ................................................................................. 15 11.1 YOU MUST PAY MARGIN ................................................................................................................................. 15 11.2 YOU MUST MONITOR MARGIN ....................................................................................................................... 16 11.3 NO OBLIGATION TO MAKE MARGIN CALL ................................................................................................... 16 11.4 NO ONLINE ACCESS ........................................................................................................................................ 16 11.5 YOUR OBLIGATION TO NOTIFY US ................................................................................................................ 16 11.6 TIME ALLOWANCE FOR FORWARDING MARGIN ........................................................................................ 16
ERRORS IN PRICES a) It is possible that errors, omissions or misquotes (Material Error) may occur in relation to our Products, which by fault of either of us or any third party, is materially incorrect when taking into account market conditions and quotes in the Exchanges or Underlying Instruments which prevailed at the time. A Material Error may include an incorrect price, date, time or other characteristic of a Product or any error or lack of clarity of any information. If a trade is based on a Material Error, we reserve the right to do any of the following without your consent:
(a) (i) amend the terms and conditions of the Contract to reflect what we consider to have been the fair price at the time the Contract was entered into and there had been no Material Error;
ERRORS IN PRICES a) It is possible that errors, omissions or misquotes (“Material Error”) may occur in the pricing of Margin Contracts quoted by us, which by fault of either of us or any third party, is materially incorrect when taking into account market conditions and quotes in Underlying Instruments which prevailed at the time. A Material Error may include an incorrect price, date, time or Margin Contract or any error or lack of clarity of any information. If a trade is based on a Material Error, we reserve the right without your consent to:
i. amend the terms and conditions of the Margin Contract to reflect what we consider to have been the fair price at the time the Margin Contract was entered into and there had been no Material Error;
ERRORS IN PRICES a) It is possible that errors, omissions or misquotes (“Material Error”) may occur in the pricing of Margin FX Contracts quoted by us, which by fault of either of us or any third party, is materially incorrect when taking into account market conditions and quotes in Underlying Instruments which prevailed at the time. A Material Error may include an incorrect price, date, time or Margin FX Contract or any error or lack of clarity of any information. If a trade is based on a Material Error, we reserve the right without your consent to:
i. amend the terms and conditions of the Margin FX Contract to reflect what we consider to have been the fair price at the time the Margin Contract was entered into and there had been no Material Error;