Common use of Execution Only Clause in Contracts

Execution Only. Where the transactions are not booked as ‘advisory’, it shall be categorized as ‘Execution Only’ and the following need to be followed: i. The distributor has information to believe that the transaction is not appropriate for the customer, a written communication be made to the investor regarding the unsuitability of the product and such communication shall have to be duly acknowledged and accepted by investor. ii. A customer confirmation to the effect that the transaction is ‘execution only’ notwithstanding the advice of inappropriateness from that distributor be obtained prior to execution of the transaction. iii. That on all such ‘execution only’ transaction, the customer is not required to pay the distributor anything other than the standard flat transaction charge as per the Scheme Information Document of the Fund.

Execution Only. Where the transactions are not booked as ‘advisory’, it shall be categorized as ‘Execution Only’ and the following need to be followed: i. The distributor has information to believe that the transaction is not appropriate for the customer, a written communication be made to the investor regarding the unsuitability of the product and such communication shall have to be duly acknowledged and accepted by investor. ii. A customer confirmation to the effect that the transaction is ‘execution only’ notwithstanding the advice of inappropriateness in- appropriateness from that distributor be obtained prior to execution of the transaction. iii. That on all such ‘execution only’ transaction, the customer is not required to pay the distributor anything other than the standard flat transaction charge as per the Scheme Information Document of the Fund.