Common use of Specific Instructions Clause in Contracts

Specific Instructions. BlackRock are not required to take the steps mentioned above when placing an order with, or transmitting an order to, another entity for execution to the extent that BlackRock is following specific instructions from a Customer. Customers should be aware that any specific instruction given regarding the execution of orders may prevent BlackRock from taking the steps that it has designed and implemented in its execution policy to obtain the best possible result in respect of the elements covered by those instructions. Where a Customer’s instructions relate only to part of an order, BlackRock will continue to apply its execution policy to those aspects not covered by the instruction.