Common use of Validity of an Order Clause in Contracts

Validity of an Order. An Order is valid for a fixed period unless it is executed immediately in full. If an Order does not have a specified period of validity, it will be in force for the day it is given. If the Bank’s Trading service is closed at the time the Order is received, the Order will be valid and in force for the following Business day. However, the validity of an Order expires in any case after fourteen (14) calendar days from when it has been given if the Order has not been executed or cancelled by that time, or if not otherwise agreed with the Customer, or if not otherwise stated by the Market rules.

Validity of an Order. An Order is valid for a fixed period unless it is executed immediately in full. If an Order does not have a specified period of validity, it will be in force for the day on which it is givensubmitted. If the Bank’s Trading service is closed derivative trading services have ended at the time the Order is received, the Order will be valid and in force for the following Business dayDay. However, the validity of an Order expires in any case after fourteen (14) calendar days from when it has been given if the Order has not been executed or cancelled by that time, or if not otherwise agreed with the Customer, or if not otherwise stated by the Market rules.fourteen

Validity of an Order. An Order is valid for a fixed period unless it is executed immediately in full. If an Order does not have a specified period of validity, it will be in force for the day on which it is givensubmitted. If the Bank’s Trading service is closed %DQNde¶rivVat ive trading services have ended at the time the Order is received, the Order will be valid and in force for the following Business dayDay. However, the validity of an Order expires in any case after fourteen (14) calendar days from when it has been given if the Order has not been executed or cancelled by that time, or if not otherwise agreed with the Customer, or if not otherwise stated by the Market rules.fourteen