Common use of Professional Client Clause in Contracts

Professional Client. Per Se Professional Client: Certain clients automatically fall within the definition of Professional Clients (“per se” Professional Clients). These are: • All the categories of per se Eligible Counterparties; • Other institutional investors (either authorised or regulated); • Large undertakings meeting two of the following criteria: o Balance sheet total: EURO 20m o Net turnover: EURO 40m o Own funds: EURO 2m • Regional governments, international institutions; • Other institutional investors whose main activity is to invest in financial instruments, including entities dedicated to the securitisation of assets or financial transactions; • Clients who do not qualify as per se Professional Clients, such as small companies and individual investors may be treated as Professional Clients if they so request, provided they meet certain criteria relating to experience, expertise and wealth.