Common use of INSTRUCTIONS AND ORDERS Clause in Contracts

INSTRUCTIONS AND ORDERS. References to ‘you’ in this clause 4 include your ‘Authorized Person’. If you request it, we will provide you with an exchange rate quote. This quote is given on an indicative basis only and we’re not legally bound to enter into a Contract with you on the basis of that quote. You can give us instructions about the purchase, sale and delivery of currency. If we’re happy to proceed to carry out your instructions, we’ll give you details of the proposed terms of the Contract. This will include the exchange rate we’re offering which might be different to what we’ve previously quoted. Once you accept the Contract (which can be by electronic, verbal or other means), you’ll become legally bound to perform the Contract in line with the Order. Once we receive the Order, we’ll send you electronically a trade confirmation, which will confirm the details of the Order. We might require further information from you about the Order. Once we have agreed an Order, you cannot amend or cancel the Contract unless we agree. If you decide to cancel or amend a Contract, the Agent must pay a fee which will be set out in our Commercial Agreement with the Agent.

INSTRUCTIONS AND ORDERS. References to ‘you’ in this clause 4 include your ‘Authorized Person’. If you request it, we will provide you with an exchange rate quote. This quote is given on an indicative basis only and we’re not legally bound to enter into a Contract with you on the basis of that quote. You can give us instructions about the purchase, sale and delivery of currency. If we’re happy to proceed to carry out your instructions, we’ll give you details of the proposed terms of the Contract. This will include the exchange rate we’re offering which might be different to what we’ve previously quoted. Once you accept the Contract (which can be by electronic, verbal or other means), you’ll become legally bound to perform the Contract in line with the Order. Once we receive the Order, we’ll send you electronically a trade confirmation, which will confirm the details of the Order. We might require further information from you about the Order. Once we have agreed to an Order, you cannot amend or cancel the Contract unless we agree. If you decide to cancel or amend a Contract, the Agent your Business Introducer must pay a fee which will be set out in our Commercial Agreement with the Agentyour Business Introducer.