Common use of Third Party Transactions Clause in Contracts

Third Party Transactions. SMFX is entitled to delegate its responsibilities to a Third Party or Associated Entity, including (but not limited to) an Exchange, clearing house, an intermediate broker, settlement agent or OTC counterparty located either within or outside NZ (“Third Party”). SMFX shall not have any liability for any loss which the Client may sustain as a result of the insolvency, acts or omissions of any such Third Party.

Appears in 2 contracts

Sources: Client Services Agreement, Client Services Agreement