System Risk Clause Samples
The System Risk clause defines how risks associated with failures, errors, or interruptions in electronic systems are allocated between the parties. It typically addresses issues such as system outages, data transmission errors, or unauthorized access, specifying which party bears responsibility for losses resulting from such events. By clearly assigning liability for system-related problems, this clause helps prevent disputes and ensures both parties understand their obligations and protections in the event of technological failures.
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System Risk. High volume trading will frequently occur at the market opening and before market close. Such high volumes may also occur at any point in the day causing delay in order execution or confirmation. During periods of volatility, on account of market participants continuously modifying their order quantity or prices or placing fresh orders, there may be delays in order execution and its confirmations.
System Risk. High volume trading will frequently occur at the market opening and before market close. Such high volumes may also occur at any point in the day. These may cause delays in order execution or confirmation.
1.7.1 During periods of volatility, on account of market participants continuously modifying their order quantity or prices or placing fresh orders, there may be delays in order execution and its confirmations.
1.7.2 Under certain market conditions, it may be difficult or impossible to liquidate a position in the market at a reasonable price or at all, when there are no outstanding orders either on the buy side or the sell side, or if trading is halted in a security due to any action on account of unusual trading activity or stock hitting circuit filters or for any other reason.
System Risk. High Value trading will frequently occur at the market opening and before market close. Such high volumes may also occur at any point in the day. These may cause delays in order execution on confirmation. Under certain market conditions, it may be difficult or impossible to liquidate a position in the market at a reasonable price or at all, when there are no outstanding orders either on the buy side or the sell side or if trading is halted in a security due to any action on account of unusual trading activity or stock hitting circuit filters or for any other reason.
System Risk. □ By using this Service to conduct this transaction and other transactions are transactions of electronic trading system. In case of an order is input incorrectly, the intended order may not be established, or an unintended order may be finalized. □ □ Due to various causes the electronic trading system may not be available temporarily or for a certain period of time such as the Company’s or the customer’s communication/system equipment failure, network disturbance, natural disasters such a earthquake, cyberattacks etc. Also, customer orders may be invalidated due to delay or non-arrival of customer order instruction to our system. Moreover, the Company assumes the right to cancel the customer’s trade execution in case of an electronic trading system failure. □ □ In case of rapid market fluctuations, the price information may be delayed, and there may be a disparity in electronic trading system price and the actual market price. □ □ There might be an abnormal cryptocurrency purchase and trade sale price that might be calculated by the Company’s system. Please note that in case of the Company deems an order to have been established by an abnormal value, the Company may cancel the transaction at its own discretion. □ □ If there is a failure in the system due to external changes etc., the customer may not be able to make an order through the internet (the Company’s website, smartphone website, application), or the customer’s order may be delayed, invalidated etc. that may lead to a risk of a trade failure. □ □ About opportunity loss due to System emergency maintenance, system failure etc., if we cannot identify the customer’s content of the order that was attempted to be placed, the Company shall not assume any responsibility for the opportunity loss. □ . Possibility of Loss occurring due to external causes . □ Loss may occur to the customer due to disasters, public communication failures, delays in record processing in cryptocurrency transfer recording mechanisms (mining approvals etc.), and other circumstances that might be beyond the Company’s control. In such cases, for loss that might incur to the customer due to external causes not relating to the Company, the Company shall not assumes any responsibility. □ . Leakage and Compensation of Deposit Asset Risk . □ By unauthorized internal/external intrusion or cyber attacks etc., when there is a leakage of the customer’s deposit assets, the Company shall compensate for the loss incurred to the customer. Howev...
System Risk. High-volume trading will frequently occur at the market opening and before the market close. Such high volumes may also occur at any point in the day these may cause delays in order execution or confirmation as a result of which the constituent may face a situation of lost opportunity which will not be the responsibility of the member and hence will not be compensated by the member.
1.7.1 During periods of volatility, on account of market participants continuously modifying their order quantity or prices or placing fresh orders, there may be delays in order execution and its confirmations.
1.7.2 Under certain market conditions, it may be difficult or impossible to liquidate a position in the market at a reasonable price or at all, when there are no outstanding orders either on the buy side or the sell side, or the sell side, or if trading is halted in security due to any action on account of unusual trading activity or stock hitting circuit filters or for any other reason.
System Risk. 7.1. The System and Information is provided "as is".
7.2. The entire risk as to the quality and performance of the System or Information is with you. We make no warranties (express or implied), representations, or guarantees as to merchantability, fitness for any particular purpose, performance, service continuity, absence of interruptions or errors or otherwise with respect to the System or Information.
7.3. Neither we nor the Third Party shall have any obligation or liability to maintain the System or Information or to supply any corrections, updates or releases.
7.4. You shall promptly and without delay contact us by alternative means, such as the telephone, in the event of any delay or failure of the System.