Trading by SHKB Clause Samples

Trading by SHKB. 21.13.1 The Client acknowledges that SHKB and/or any member of the Group and/or its/their respective directors and/or employees may trade on its/their own account, on the account of any members of the Group and/or on the account of its/their respective clients subject to any applicable Laws and Regulatory Rules notwithstanding that any such trade may be related to any transaction with Client contemplated under this Agreement. 21.13.2 The Client consents that, without notice from SHKB, when SHKB enters into transactions with the Client on the CGSE or other relevant Bullion market or exchange or otherwise or when SHKB exercises its rights or performs its obligations under this Agreement, SHKB and/or any member of the Group and/or its/their respective directors, officers, employees, agents, and/or any floor broker may buy or sell for an account in which any such person has a direct or indirect interest, subject to any applicable Laws and Regulatory Rules. 21.13.3 Notwithstanding anything to the contrary which may be contained in this Agreement or any other document but to the extent permitted by applicable laws, SHKB and the relevant member(s) of the Group shall be entitled to , without notice to or consent from Client, retain all benefits of whatsoever nature (including, without limitation, brokerages, commissions and rebates) to themselves which may arise in relation to any Bullion transaction with Client and whether in the course of dealing with or through any broker or otherwise and without being liable to disclose the same to Client and in particular (but without limitation) SHKB shall be entitled at its absolute discretion to enter into any transaction (whether or not related to any aforesaid Bullion transaction and whether or not contemplated hereunder) with any other member of the Group, upon such terms as SHKB may in good faith deem appropriate, and without being liable to account for any profit derived by SHKB or such member of the Group. 21.13.4 Client acknowledges that: (a) SHKB, other members of the Group and/or their respective directors, representatives, employees and associates and/or the families of the foregoing may, from time to time, have, direct and/or indirect, interests (whether by way of security interest or otherwise) and/or positions (long or short) in respect of, and/or sell, purchase or otherwise deal in, as principal or agent, in the open market or in any other way, any companies, investments, instruments and/or other arrangements...