Common use of RISK DISCLOSURE Clause in Contracts

RISK DISCLOSURE. 7.1 The Client acknowledges and accepts the risks of using the Electronic Service, which include at least the following: (a) If the Client undertakes transactions via Electronic Service, it will be exposed to risks associated with the Electronic Service system, including the failure of hardware and software, and the result of any system failure may be that its orders are either not executed according to its Instructions or are not executed at all; (b) Due to unpredictable suspension or traffic congestion in communication and other reasons, Electronic Service may not be reliable and transactions conducted via Electronic Service are subject to the risk of delays in transmission and receipt of the Client’s Instructions or other Information, delays in execution or execution of its Instructions at prices different from those prevailing at the time its Instructions were given, transmission interruption or blackout. There are also the risks of hacking, misunderstanding or errors in communication, and it may not be possible to cancel an Instruction after it has been given. 7.2 WLSL accepts no responsibility for any loss which may be incurred by the Client as a result of such interruptions or delays or hacking by third parties. The Client should not place any Instruction with WLSL through the Electronic Service if the Client is not prepared to accept any of the above-mentioned risks. 7.3 Market data and other Information made available to the Client through the Electronic Service may be obtained by WLSL from third parties. While WLSL believes such market data or information to be reliable, neither WLSL nor any such third party guarantees the accuracy, completeness or timeliness of any such market data or Information. For instance, for the market data or other information the Client obtains through the Electronic Service which is originated from any exchange, such exchanges, their holding companies, affiliates and/or subsidiaries do not guarantee the accuracy or reliability of such market data or information and to the extent permitted by applicable law will accept no liability to the Client (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions in connection with such market data or information.

RISK DISCLOSURE. 7.1 The Client acknowledges and accepts the risks of using the Electronic Service, which include at least the following: (a) If the Client undertakes transactions via Electronic Service, it will be exposed to risks associated with the Electronic Service system, including the failure of hardware and software, and the result of any system failure may be that its orders are either not executed according to its Instructions or are not executed at all; (b) Due to unpredictable suspension or traffic congestion in communication and other reasons, Electronic Service may not be reliable and transactions conducted via Electronic Service are subject to the risk of delays in transmission and receipt of the Client’s Instructions or other Information, delays in execution or execution of its Instructions at prices different from those prevailing at the time its Instructions were given, transmission interruption or blackout. There are also the risks of hacking, misunderstanding or errors in communication, and it may not be possible to cancel an Instruction after it has been given. 7.2 WLSL WLIS accepts no responsibility for any loss which may be incurred by the Client as a result of such interruptions or delays or hacking by third parties. The Client should not place any Instruction with WLSL WLIS through the Electronic Service if the Client is not prepared to accept any of the above-mentioned risks. 7.3 Market data and other Information made available to the Client through the Electronic Service may be obtained by WLSL WLIS from third parties. While WLSL WLIS believes such market data or information to be reliable, neither WLSL WLIS nor any such third party guarantees the accuracy, completeness or timeliness of any such market data or Information. For instance, for the market data or other information the Client obtains through the Electronic Service which is originated from any exchange, such exchanges, their holding companies, affiliates and/or subsidiaries do not guarantee the accuracy or reliability of such market data or information and to the extent permitted by applicable law will accept no liability to the Client (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions in connection with such market data or information.