Common use of Responsibility for orders Clause in Contracts

Responsibility for orders. All Orders for the purchase and sale of Securities and/or Other Property given for my Trading Account will be deemed to have been authorized by me and will be executed in reliance on my promise that an actual purchase or sale is intended. It is my intention and obligation to deliver Securities and/or Other Property to cover long positions and to pay for purchase Transactions immediately on GTN Asia’s demand. In the case of a sale of Securities and/or Other Property, GTN Asia is authorized to borrow or otherwise obtain the Securities and/or Other Property as necessary to enable GTN Asia to make delivery, and I agree to be responsible for any Losses GTN Asia may incur in doing so. I understand that GTN Asia may at any time, in its sole discretion and without prior notice to me, prohibit or restrict my ability to trade Securities and/or Other Property. In this regard I agree I shall not have the right to sell Securities and/or Other Property prior to paying in full the value of the Securities and/or Other Property bought, plus the Commission and fees due to GTN Asia, the relevant Financial Market(s) and the bank(s), and any other expenses accruing from such Transaction. I further agree not to allow any person to trade for my Trading Account unless a trading authorization for that person has been received and approved by GTN Asia.

Responsibility for orders. All Orders for the purchase and sale of Securities and/or Other Property given for my Trading Account will be deemed to have been authorized by me and will be executed in reliance on my promise that an actual purchase or sale is intended. It is my intention and obligation to deliver Securities and/or Other Property to cover long positions and to pay for purchase Transactions immediately on GTN Asia’s MFS's demand. In the case of a sale of Securities and/or Other Property, GTN Asia MFS is authorized to borrow or otherwise obtain the Securities and/or Other Property as necessary to enable GTN Asia MFS to make delivery, and I agree to be responsible for any Losses GTN Asia MFS may incur in doing so. I understand that GTN Asia MFS may at any time, in its sole discretion and without prior notice to me, prohibit or restrict my ability to trade Securities and/or Other Property. In this regard I agree I shall not have the right to sell Securities and/or Other Property prior to paying in full the value of the Securities and/or Other Property bought, plus the Commission and fees due to GTN AsiaMFS, the relevant Financial Market(s) and the bank(s), and any other expenses accruing from such Transaction. I further agree not to allow any person to trade for my Trading Account unless a trading authorization for that person has been received and approved by GTN AsiaMFS.