Common use of Refusal to Execute Clause in Contracts

Refusal to Execute. We have the right, but not the obligation, to refuse in our discretion to execute an order if: (a) the order is incorrect, incomplete, unclear or inaccurate; (b) a condition for the execution of the order has not been satisfied; (c) the balance of Cash or Precious Metal in your Account is insufficient to execute the order; or (d) in our opinion, there are reasons to assume that the execution of the order would violate any applicable regulations or these Terms. We will promptly notify you by e-mail of our refusal to execute an order after the order would have been executed and to notify you about the grounds for refusal as well as about the procedure for the correction of any inaccuracies that have led to the refusal, unless such notification(s) are forbidden by reason of applicable laws and regulations. We are not responsible or liable for any loss or damage arising from exercise of our rights under this clause.