Common use of Off-Exchange Transactions Clause in Contracts

Off-Exchange Transactions. In some jurisdictions, and only then in restricted circumstances, firms are permitted to effect off- exchange transactions. The firm you deal with may be acting as your counterparty to the transaction. It may be difficult or impossible to liquidate an existing position, to assess the value, to determine a fair price or to assess the exposure to risk. For these reasons, these transactions may involve increased risks. Off-exchange transactions may be less regulated or subject to a separate regulatory regime. Before you undertake such transactions, you should familiarize yourself with applicable rules. Disclosure Document for Recognized Market Options (For Residents of Québec Only) References to either gender include both genders. Please be advised that no securities commission or similar authority in Canada has passed upon the merits of options referred to herein and any representation to the contrary is an offence. This document contains condensed information regarding options. Additional information may be obtained from your dealer. A high degree of risk may be involved in the purchase and sale of options, depending largely on how and why options are used. Options may not be suitable for every investor. See ”Risks in Options Trading” and “Additional information”.

Off-Exchange Transactions. In some jurisdictions, and only then in restricted circumstances, firms are permitted to effect off- off-exchange transactions. The firm you deal with may be acting as your counterparty to the transaction. It may be difficult or impossible to liquidate an existing position, to assess the value, to determine a fair price or to assess the exposure to risk. For these reasons, these transactions may involve increased risks. Off-exchange transactions may be less regulated or subject to a separate regulatory regime. Before you undertake such transactions, you should familiarize yourself with applicable rules. Disclosure Document for Recognized Market Options (For Residents of Québec Only) References to either gender include both genders. Please be advised that no securities commission or similar authority in Canada has passed upon the merits of options referred to herein and any representation to the contrary is an offence. This document contains condensed information regarding options. Additional information may be obtained from your dealer. A high degree of risk may be involved in the purchase and sale of options, depending largely on how and why options are used. Options may not be suitable for every investor. See ”“Risks in Options Trading” and “Additional information”.

Off-Exchange Transactions. In some jurisdictions, and only then in restricted circumstances, firms are permitted to effect off- off-exchange transactionstransactions . The firm you deal with may be acting as your counterparty to the transactiontransaction . It may be difficult or impossible to liquidate an existing position, to assess the value, to determine a fair price or to assess the exposure to riskrisk . For these reasons, these transactions may involve increased risksrisks . Off-exchange transactions may be less regulated or subject to a separate regulatory regimeregime . Before you undertake such transactions, you should familiarize yourself with applicable rulesrules . Disclosure Document for Recognized Market Options (For Residents of Québec Only) References to either gender include both genders. Please be advised that no securities commission or similar authority in Canada has passed upon the merits of options referred to herein and any representation to the contrary is an offenceoffence . This document contains condensed information regarding optionsoptions . Additional information may be obtained from your dealerdealer . A high degree of risk may be involved in the purchase and sale of options, depending largely on how and why options are usedused . Options may not be suitable for every investorinvestor . See ”“Risks in Options Trading” and “Additional information”” .