Common use of Trading Currency Clause in Contracts

Trading Currency. 7.1 China Connect Securities are traded and settled in RMB / CNY or any other currencies as prescribed by the China Connect Rules, the Applicable Regulations and/or any other regulations as stipulated by WLSL in its sole discretion from time to time. The Client shall maintain sufficient amount of trading currency in the Account for the purpose of settlement of trades. 7.2 Subject to the relevant regulations, WLSL shall be entitled (but not obliged) to convert any amount of Hong Kong dollars or any other currencies into RMB for settlement or partial settlement of orders for a Transaction at such exchange rate as WLSL may from time to time in its absolute discretion deem appropriate. WLSL shall be entitled to charge and deduct from the Account all costs and expenses incurred by it in effecting such conversion. 7.3 The Client understands that under the relevant regulations, there may exist restrictions or limitations on remittance or repatriation of funds, including but not limited to lock-up periods of capital, and limitations on the amount and frequency of withdrawals of capital gains, dividends, interests and other income derived from the invested capital through WLSL. WLSL and its Associates shall not be liable for the Client's inability, or any delay or restriction on the Client's ability, to remit or repatriate any or all of such funds. To the extent that the Client's request to remit or repatriate funds cannot be met in full and/or at the time of the Client's request, WLSL’s decision as to the extent and time by which the Client's request to remit or repatriate can be met shall be binding and conclusive on the Client.