Common use of Termination Instructions Clause in Contracts

Termination Instructions. Under the Private Portfolio service, ▇▇▇▇▇▇▇ does not hold client assets on behalf of the client. The client has provided ▇▇▇▇▇▇▇ with discretionary trading authorisation over their assets, which are held either: • directly in the clients own name; or • via an external financial services provider’s nominee or custody service. Note that in these cases, the client has a direct legal relationship with the relevant custodian or nominee. When a Client provides a termination notice to ▇▇▇▇▇▇▇, the client is terminating ▇▇▇▇▇▇▇’ discretionary trading authorisation. The client will need to provide further instructions about what, if anything, they wish to occur with the Portfolio assets. Depending on the client’s wishes, the Portfolio Assets may: • remain tradeable via Wilsons or the external financial services provider on a non-discretionary basis; • be transferred to another external financial services provider; or • be sold down and the proceeds transferred to the clients linked bank account.

Termination Instructions. Under the Private Portfolio service, ▇▇▇▇▇▇▇ does not hold client assets on behalf of the client. The client has provided ▇▇▇▇▇▇▇ with discretionary trading authorisation over their assets, which are held either: •  directly in the clients own name; or •  via an external financial services provider’s nominee or custody service. Note that in these cases, the client has a direct legal relationship with the relevant custodian or nominee. When a Client provides a termination notice to ▇▇▇▇▇▇▇, the client is terminating ▇▇▇▇▇▇▇’ discretionary trading authorisation. The client will need to provide further instructions about what, if anything, they wish to occur with the Portfolio assets. Depending on the client’s wishes, the Portfolio Assets may: •  remain tradeable via Wilsons or the external financial services provider on a non-discretionary basis; •  be transferred to another external financial services provider; or •  be sold down and the proceeds transferred to the clients linked bank account.