Common use of Sell Order Clause in Contracts

Sell Order. (a) for a Forward Priced Investment, that is placed: (i) as the sale of sufficient investments to realise a specific amount of cash, ▇▇ ▇▇▇▇ will earmark the number of units of the investment being sold in your Customer Account (on the basis of the most recent price available to ▇▇ ▇▇▇▇ for the investment) required to realise that amount of cash, so that they cannot be dealt with in any other way; or (ii) for the sale of a fixed number of units, ▇▇ ▇▇▇▇ will earmark that number of units in your Customer Account so that they cannot be dealt with in any other way but, in each case, ▇▇ ▇▇▇▇ will only remove the investments being sold from your Customer Account and add the amount of the sale proceeds to your Customer Account, once the Order has been executed; or (b) for any other type of Investment, ▇▇ ▇▇▇▇ will remove the investments being sold from your Customer Account and will add the amount of the sale proceeds to your Customer Account, but please refer to clause 6.17 below for details of the circumstances in which ▇▇ ▇▇▇▇ may reverse those transaction entries.