SHKB definition
Examples of SHKB in a sentence
Client shall, immediately upon SHKB’s call for additional margin deposits and/or security, provide SHKB with such amount of cash in such currency and/or other property as specified by SHKB.
Client further acknowledges that failure to supply Relevant Information may result in SHKB being unable to effect a transaction, provide the services under this Agreement or operate or maintain any Account with SHKB; or may result in SHKB terminating the Account.
PROVIDED ALWAYS that SHKB may at any time and from time to time without prior notice to the Client vary or limit or restrict or enlarge or extend any or more or all of such limits and neither SHKB nor any member of the Group shall be under any obligation to give notice to the Client in case his positions are nearing or beyond the trading limits or otherwise provide the Client with information with respect to his positions.
Subject to the Laws, SHKB may assign, sub-contract, delegate, transfer or otherwise dispose of any of its rights and obligations under this Agreement and/ or any transaction(s) contemplated hereunder as SHKB may see fit.
Any Advice, report, notice or communication given by SHKB pursuant to the foregoing shall be deemed to have been received by all joint account holders and shall be binding on all of them.
Without limiting SHKB’s aforesaid discretion to reject any instruction or offer, SHKB shall be under no obligation to act for the Client or upon any instruction, or enter into any transaction with the Client if there are insufficient funds in the Account, or if SHKB believes that the acting for Client or upon any instruction or the entry into of any transaction might result in either SHKB, any member of the Group or the Client contravening any Laws or Regulatory Rules or for any other reason.
In the foregoing, “business day” means a day on which SHKB is open for business in Hong Kong.
The provisions of the AMLO, and of the regulatory requirements issued by the SFC from to time to time, in respect of the aforesaid CDD measure(s) carried out by Client for SHKB and/or any documents, records, data and/or information referred to in the above paragraphs of this Clause 21.19 and/or the keeping of any such documents, records, data and/or information shall prevail over the provisions of this Clause 21.19.
Without prejudice to the foregoing, Client shall not make any claim against SHKB and/or the relevant member(s) of the Group concerning the manner or timing of any transaction.
Further, SHKB may in its sole discretion suspend the operation of the Account or decline to act in accordance with any instruction or commitment without incurring any liability whatsoever to Client or any other person for any claim, loss, proceeding or expense howsoever related to SHKB’s suspension of the Account or its delay or refusal to act in accordance with any instruction or commitment relating to the Account or this Agreement.