Executing Orders Clause Samples
The "Executing Orders" clause defines the procedures and responsibilities for carrying out purchase or service orders under an agreement. It typically outlines how orders are to be submitted, accepted, and fulfilled, specifying timelines, required documentation, and any conditions for modification or cancellation. For example, it may require written confirmation of orders or set deadlines for delivery. This clause ensures that both parties have a clear, consistent process for handling orders, reducing misunderstandings and disputes regarding the execution of contractual obligations.
Executing Orders. The Custodian shall, in its sole discretion and if permitted by applicable law, accept orders from the Client for the purchase or sale of Securities and either execute such orders itself or by means of ▇▇▇▇▇▇ Affiliates or brokers or other financial organizations of its choice, subject to the fees and commissions in effect from time to time. The Custodian shall not be responsible for any act or omission, or for the solvency, of any broker or other financial organization so selected to effect any transaction for the account of the Client. When instructed to buy or sell Securities for which the Custodian or a ▇▇▇▇▇▇ Affiliate acts as a dealer, the Custodian may buy or sell such Securities from or to either itself, as principal, or such ▇▇▇▇▇▇ Affiliate.
Executing Orders. You must firstly read, complete and sign the forms and documents we provide to you and accept them by using your e-signature. Signing up for new products and services. You can sign up for products and services using your e-signature. In the registration process, we will always provide you with the required information and documentation to validly enter into a distance agreement. In all cases, when signing up for a new product or service, you will also be entitled to cancel it; this is a right you may exercise through the section provided for such purpose. Push notifications. When you have downloaded the “imagin App” onto your electronic device and you have also initiated or activated PUSH notifications for such App, this will offer you another way of receiving information, such as alerts or notices related to the products and services provided and may even be used as a way of sending you commercial offers or any other kind of information related to other products and services that could be of interest to you. SPECIFIC GENERAL TERMS AND CONDITIONS FOR THE “IMAGIN CURRENT ACCOUNT”
Executing Orders. 4.1 The Parties are obliged to perform their obligations regarding the Transactions duly and in a timely manner.
4.2 The Bank shall execute the Client’s Order for trading in the best possible way for the Client, by adhering to the current procedure for the best execution of Client orders, as well as other circumstances related to the fulfilment of the Order, including, but not limited to the provisions of the Client Agreement, terms and conditions of the securities account and transactions, applicable legal acts, and rules and regulations established by Competent Authorities by following the generally accepted principles and good practice in the fulfilment of similar orders. The Client can obtain information about the state of execution of the Order via e-mail or via another electronic channel.
4.3 The Client shall assist reasonably in the execution of an Order and fulfil all preconditions dependent on the Client that the Bank requires for the best execution of the Order. The Client is also obliged to ensure, by the established term, the availability of sufficient funds or securities on the Client’s accounts for the execution of the Transaction concluded on the basis of the Order, or the fulfilment of the agreement on the mediation of the Transaction, as well as for the provision of the established Collateral or increasing of such Collateral and the Bank’s commission fees. When accepting an Order, the Bank has the right to block the amount of money and/or securities required for the execution of the Order on the relevant transaction account of the Client. If the Order is cancelled or its execution fails, the Bank will release the relevant blocked funds or securities.
4.4 The Bank has the right to act as the counterparty of the Transaction mediated to the Client on the basis of the Order. The Client hereby agrees that, unless otherwise provided in the Service Conditions, the Bank is not obliged to inform the Client of becoming the counterparty to the Transaction.
4.4.1 The Bank is obliged, on the execution of the Order, to avoid Transactions where the Bank’s interests contradict the Client’s interests (conflicts of interest), and, should an unavoidable conflict of interest occur, act in the interest of the Client. The Bank shall adhere to the Bank’s conflicts of interest handling rules in executing Orders.
4.4.2 The Bank acts as the counterparty of the Transaction in OTC derivative transactions, bond transactions, and deposits transactions. The terms and co...
Executing Orders. The Custodian will, in its sole discretion and if permitted by applicable law, accept orders from the Trust for the purchase of sale of Securities and either execute such orders itself or by means of Morgan Affili▇▇▇▇ ▇r brokers or other financial organizations of its choice, subject to the fees and commissions in effect from time to time. The Custodian will not be responsible for an act or omission, or for the solvency, of any broker or other financial organization so selected to effect any transaction for the account of the Trust. When instructed to buy or sell Securities for which the Custodian or a Morgan Affili▇▇▇ ▇▇ts as dealer, the Custodian will buy or sell such Securities from or to either itself, as principal, or such Morgan Affili▇▇▇.
Executing Orders. The Custodian shall, in its sole discretion and if permitted by applicable law, accept orders from the Client for the purchase or sale of Securities and either execute such orders itself or by means of BONY Affiliates or brokers or other financial organizations selected by it using reasonable care, subject to the fees and commissions in effect from time to time. In executing any such orders, Custodian shall use reasonable care to obtain a reasonable price in executing such orders. The Custodian shall not be responsible for any act or omission, or for the solvency, of any broker or other financial organization so selected to effect any transaction for the account of the Client. When instructed to buy or sell Securities for which the Custodian or a BONY Affiliate acts as a dealer, the Custodian may buy or sell such Securities from or to either itself, as principal, or such BONY Affiliate.